Civic Intelligence

Delaware Valley Regional Economic Development Fund

990 • Fiscal year 2018 • EIN 23-2801099

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

Organization ProfileWWW.DVREDF.ORG
1500 Market Street 12th FL East TwrPhiladelphia, PA 19102

(215) 531-7450

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

15th percentile

0.00x

Higher debt load relative to assets than 15% of similar nonprofits.

2018 filings • 501(c)4 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

17th percentile

0.04x

Higher debt load relative to revenue than 17% of similar nonprofits.

2018 filings • 501(c)4 • $25M-$50M nonprofits • Source year 2018

Net Margin

84th percentile

56%

Higher net margin than 84% of similar nonprofits.

2018 filings • 501(c)4 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

28th percentile

$91,127

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 6.8% of source-year revenue.

2018 filings • 501(c)4 • $25M-$50M nonprofits • Source year 2018

Asset Growth

73rd percentile

11%

Faster asset growth than 73% of similar nonprofits.

2018 filings • 501(c)4 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

87th percentile

185%

Faster revenue growth than 87% of similar nonprofits.

2018 filings • 501(c)4 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$27,282,421

Up $2,612,642 (+11%) from 2017

Net Assets

Up

$27,234,690

Up $2,597,304 (+11%) from 2017

Liabilities

Up

$47,731

Up $15,338 (+47%) from 2017

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin84th percentile

Revenue

Up

$1,339,978

Up $870,508 (+185%) from 2017

Expenses

Up

$590,631

Up $229,527 (+64%) from 2017

Net Income

Up

$749,347

Up $640,981 (+591%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2011: $20,190,153Liabilities 2011: $47,020Net Assets 2011: $20,143,1332011Assets 2012: $19,516,746Liabilities 2012: $30,155Net Assets 2012: $19,486,5912012Assets 2013: $20,669,102Liabilities 2013: $16,533Net Assets 2013: $20,652,5692013Assets 2014: $22,887,715Liabilities 2014: $95,427Net Assets 2014: $22,792,2882014Assets 2015: $23,315,514Liabilities 2015: $7,978Net Assets 2015: $23,307,5362015Assets 2016: $22,393,278Liabilities 2016: $35,852Net Assets 2016: $22,357,4262016Assets 2017: $24,669,779Liabilities 2017: $32,393Net Assets 2017: $24,637,3862017Assets 2018: $27,282,421Liabilities 2018: $47,731Net Assets 2018: $27,234,6902018Assets 2019: $27,857,352Liabilities 2019: $23,548Net Assets 2019: $27,833,8042019Assets 2020: $27,050,503Liabilities 2020: $272,094Net Assets 2020: $26,778,4092020Assets 2021: $33,395,418Liabilities 2021: $61,579Net Assets 2021: $33,333,8392021Assets 2022: $35,443,943Liabilities 2022: $51,961Net Assets 2022: $35,391,9822022Assets 2023: $28,149,503Liabilities 2023: $22,899Net Assets 2023: $28,126,6042023

Highlighted filing

2018

Assets$27,282,421
Liabilities$47,731
Net Assets$27,234,690
Open 2018 Filing

Operations Trend

Revenue Growth87th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0M-$10MExpenses 2011: $605,9132011Expenses 2012: $519,6922012Expenses 2013: $630,3182013Revenue 2014: $1,298,767Expenses 2014: $869,863Net Income 2014: $428,9042014Revenue 2015: $1,647,196Expenses 2015: $317,402Net Income 2015: $1,329,7942015Revenue 2016: $566,423Expenses 2016: $346,501Net Income 2016: $219,9222016Revenue 2017: $469,470Expenses 2017: $361,104Net Income 2017: $108,3662017Revenue 2018: $1,339,978Expenses 2018: $590,631Net Income 2018: $749,3472018Revenue 2019: $1,207,586Expenses 2019: $857,940Net Income 2019: $349,6462019Revenue 2020: -$875,442Expenses 2020: $1,955,276Net Income 2020: -$2,830,7182020Revenue 2021: $1,486,740Expenses 2021: $717,135Net Income 2021: $769,6052021Revenue 2022: $2,146,988Expenses 2022: $891,617Net Income 2022: $1,255,3712022Revenue 2023: $1,185,199Expenses 2023: $7,181,975Net Income 2023: -$5,996,7762023

Highlighted filing

2018

Revenue$1,339,978
Expenses$590,631
Net Income$749,347
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$5,446,169
Mission and Program Overview

Mission

To serve southeastern pennsylvania by promoting economic development with job impact, assisting area entities to secure necessary capital to grow and prosper, and supporting and promoting tourism.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$16,774,467$17,722,073▲ $947,606
Investments Other Securities$7,025,422$7,787,771▲ $762,349
Savings and Temporary Cash Investments$337,049$1,272,601▲ $935,552
Other Notes and Loans Receivable, Net$464,977$412,088▼ $52,889
Total Assets$24,669,779$27,282,421▲ $2,612,642
Other Assets Total$67,864$87,888▲ $20,024
Liabilities
Accounts Payable and Accrued Expenses$32,393$47,731▲ $15,338
Total Liabilities$32,393$47,731▲ $15,338
Net Assets / Fund Balance
Unrestricted Net Assets$14,574,837$14,917,876▲ $343,039
Temporarily Rstr Net Assets$10,062,549$12,316,814▲ $2,254,265
Total Net Assets Fund Balance$24,637,386$27,234,690▲ $2,597,304
Total Liabilities and Net Assets / Fund Balance$24,669,779$27,282,421▲ $2,612,642

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$2,555,830--
Compensation and Service Providers
Top Officer Pay28th percentile

Employees

NameTitleFull / Part TimeBaseTotal
John CoffmanExecutive DirectorFT$91,127$91,127

Board Members and Trustees

NameTitle
Thomas J EllisChair (from 3/18/18)
Lauri KavulichChair (until 11/17/17)
Albert MezzarobaDirector
Gaetano PiccirilliSecretary (from 3/18/18)
Rosanne PaucielloSecretary (until 2/18/18)
Anthony DisandroTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$47,332
Investment Income
$1,292,646
Other Revenue
$0
Change in Net Assets
$749,347

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,339,978
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,847,957
Total Revenue per Audited Statements
$3,187,935
Total Revenue per Form 990
$1,339,978
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$490,984
Salaries, Compensation, and Employee Benefits$99,647
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$104,201$34,734-$138,935
Advertising$97,727$32,576-$130,303
Current Officers, Directors, Trustees, and Key Employees$69,189$23,063-$92,252
Fees for Services Legal$73,300--$73,300
Fees for Service Investment Mgmnt Fees-$49,533-$49,533
Fees for Services Accounting$37,106$12,368-$49,474
Occupancy$17,644$5,881-$23,525
Insurance$12,128$4,043-$16,171
Payroll Taxes$5,546$1,849-$7,395
Office Expenses$3,004$1,001-$4,005
Travel$2,991--$2,991
Other Expenses$2,060$687-$2,747
Total Functional Expenses$424,896$165,735$0$590,631

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$590,631
Total Expenses per Audited Statements$590,631
Total Expenses per Form 990$590,631
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Once the 990 is completed by the tax preparers, it will be reviewed by the executive director. Once approved, and with recommendation, it will be sent to the full board of directors for comment. If no comments are received by the full board, it will be considered approved for submission.”

Form 990, Part VI, Section B, Line 12C

“At the start of each board meeting, board members are asked to state whether any new conflicts have arisen.”

Form 990, Part VI, Section B, Line 15A

“The executive director compensation was determined by use of an independent consultant that provided comparability salary data and assisted in writing the postions job description.”

Form 990, Part VI, Section C, Line 19

“Governing documents are available upon request”

Filing and Contact Details

Filer

Filer Name
Delaware Valley Regional Economic
EIN
23-2801099
Phone
2155317450
Address
1500 MARKET STREET 12TH FL EAST TWR, PHILADELPHIA, PA 19102

Signing Officer

Name
John Coffman
Title
Executive Director
Phone
2155317450
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Coffman
Formed
1994
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
5
Employees
1
Volunteers
0

Preparer

Firm
Isdaner & Company LLC
Address
THREE BALA PLAZA SUITE 501 WEST, BALA CYNWYD, PA 19004-3484
Preparer
Edward W Doran CPA
Phone
6106684200
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The process has not changed from the prior year”

Financial Statement Notes

PART X, LINE 2:

“Dvredf is exempt from tax under section 501(c)(4) of the internal revenue code. Pursuant to fasb accounting standards codification topic 740, dvredf recognizes tax benefits only if it is more likely than not that a tax position (including dvredf's assertion that its income is exempt from tax) will be sustained upon examination. No liability for uncertain tax positions was recorded as of june 30, 2018.”

Raw XML Appendix367 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt05231941
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt12555830
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENT IN PARTNERSHIP
IRS990ScheduleD/OtherSecuritiesGrp/Desc1ALTERNATIVE INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/RevenueNotReportedAmt01847957
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01339978
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DVREDF IS EXEMPT FROM TAX UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. PURSUANT TO FASB ACCOUNTING STANDARDS CODIFICATION TOPIC 740, DVREDF RECOGNIZES TAX BENEFITS ONLY IF IT IS MORE LIKELY THAN NOT THAT A TAX POSITION (INCLUDING DVREDF'S ASSERTION THAT ITS INCOME IS EXEMPT FROM TAX) WILL BE SUSTAINED UPON EXAMINATION. NO LIABILITY FOR UNCERTAIN TAX POSITIONS WAS RECORDED AS OF JUNE 30, 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt07787771
IRS990ScheduleD/TotalExpensesPerForm990Amt0590631
IRS990ScheduleD/TotalRevenuePerForm990Amt01339978
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03187935
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0590631
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ONCE THE 990 IS COMPLETED BY THE TAX PREPARERS, IT WILL BE REVIEWED BY THE EXECUTIVE DIRECTOR. ONCE APPROVED, AND WITH RECOMMENDATION, IT WILL BE SENT TO THE FULL BOARD OF DIRECTORS FOR COMMENT. IF NO COMMENTS ARE RECEIVED BY THE FULL BOARD, IT WILL BE CONSIDERED APPROVED FOR SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT THE START OF EACH BOARD MEETING, BOARD MEMBERS ARE ASKED TO STATE WHETHER ANY NEW CONFLICTS HAVE ARISEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR COMPENSATION WAS DETERMINED BY USE OF AN INDEPENDENT CONSULTANT THAT PROVIDED COMPARABILITY SALARY DATA AND ASSISTED IN WRITING THE POSTIONS JOB DESCRIPTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt010062549
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt012316814
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt024669779
IRS990/TotalAssetsEOYAmt027282421
IRS990/TotalAssetsGrp/BOYAmt024669779
IRS990/TotalAssetsGrp/EOYAmt027282421
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0165735
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0424896
IRS990/TotalFunctionalExpensesGrp/TotalAmt0590631
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt032393
IRS990/TotalLiabilitiesEOYAmt047731
IRS990/TotalLiabilitiesGrp/BOYAmt032393
IRS990/TotalLiabilitiesGrp/EOYAmt047731
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt024637386
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt027234690
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0424896
IRS990/TotalProgramServiceRevenueAmt047332
IRS990/TotalReportableCompFromOrgAmt091127
IRS990/TotalRevenueGrp/ExclusionAmt01292646
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt047332
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01339978
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt024669779
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt027282421
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt02991
IRS990/TravelGrp/TotalAmt02991
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt014574837
IRS990/UnrestrictedNetAssetsGrp/EOYAmt014917876
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01500 MARKET STREET 12TH FL EAST TWR
IRS990/USAddress/CityNm0PHILADELPHIA
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019102
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.DVREDF.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN COFFMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02155317450
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DELAWARE VALLEY REGIONAL ECONOMIC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT FUND
ReturnHeader/Filer/BusinessNameControlTxt0DELA
ReturnHeader/Filer/EIN0232801099
ReturnHeader/Filer/PhoneNum02155317450
ReturnHeader/Filer/USAddress/AddressLine1Txt01500 MARKET STREET 12TH FL EAST TWR
ReturnHeader/Filer/USAddress/CityNm0PHILADELPHIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019102
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0BCEEDC9864ADD82CD4171EA42DEED5049148C4FE
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0BCEEDC9864ADD82CD4171EA42DEED5049148C4FE
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0100.19.81.45
ReturnHeader/FilingSecurityInformation/IPDt02019-05-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm014:01:31
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0236410283
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ISDANER & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0THREE BALA PLAZA SUITE 501 WEST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BALA CYNWYD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0190043484
ReturnHeader/PreparerPersonGrp/PhoneNum06106684200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EDWARD W DORAN CPA
ReturnHeader/ReturnTs02019-05-15T13:24:24-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$27,282,421
Liabilities
$47,731
Net assets
$27,234,690
Revenue
$1,339,978
Expenses
$590,631
Net income
$749,347
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$28.1$0.02$28.1$1.19$7.18$6.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.4$0.05$35.4$2.15$0.89$1.26
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.4$0.06$33.3$1.49$0.72$0.77
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.1$0.27$26.8$0.88$1.96$2.83
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.9$0.02$27.8$1.21$0.86$0.35
2018Detailed filing. Detailed filing data is available for this year.$27.3$0.05$27.2$1.34$0.59$0.75
2017Summary only. Only limited summary data is available for this year.$24.7$0.03$24.6$0.47$0.36$0.11
2016Detailed filing. Detailed filing data is available for this year.$22.4$0.04$22.4$0.57$0.35$0.22
2015Detailed filing. Detailed filing data is available for this year.$23.3$0.01$23.3$1.65$0.32$1.33
2014Summary only. Only limited summary data is available for this year.$22.9$0.10$22.8$1.30$0.87$0.43
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.7$0.02$20.7$0.63
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.5$0.03$19.5$0.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.2$0.05$20.1$0.61
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)4 • $25M-$50M nonprofits