Civic Intelligence

Kansas Policy Institute

990 • Fiscal year 2013 • EIN 23-7047821

Jan 01, 2013 to Dec 31, 2013 • Filed on Aug 04, 2014

250 N Water67202

(316) 267-3241

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

Higher debt load relative to assets than 25% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

25th percentile

0.00x

Higher debt load relative to revenue than 25% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Net Margin

78th percentile

21%

Higher net margin than 78% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

95th percentile

$154,211

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 20.2% of source-year revenue.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Asset Growth

95th percentile

110%

Faster asset growth than 95% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$299,896

Up $157,191 (+110%) from 2012

Net Assets

Up

$299,794

Up $158,079 (+112%) from 2012

Liabilities

Down

$102

Down $888 (-90%) from 2012

Revenue

$763,402

No earlier filing loaded for comparison.

Expenses

Down

$605,323

Down $20,234 (-3.2%) from 2012

Net Income

$158,079

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $142,705Liabilities 2012: $990Net Assets 2012: $141,7152012Assets 2013: $299,896Liabilities 2013: $102Net Assets 2013: $299,7942013Assets 2014: $255,030Liabilities 2014: $11,285Net Assets 2014: $243,7452014Assets 2015: $284,566Liabilities 2015: $2,142Net Assets 2015: $282,4242015Assets 2016: $327,687Liabilities 2016: $105,617Net Assets 2016: $222,0702016Assets 2017: $481,886Liabilities 2017: $60,503Net Assets 2017: $421,3832017Assets 2018: $801,046Liabilities 2018: $2,123Net Assets 2018: $798,9232018Assets 2019: $1,062,660Liabilities 2019: $13,525Net Assets 2019: $1,049,1352019Assets 2020: $1,208,202Liabilities 2020: $11,173Net Assets 2020: $1,197,0292020Assets 2021: $1,303,303Liabilities 2021: $1,360Net Assets 2021: $1,301,9432021Assets 2022: $3,028,655Liabilities 2022: $7,981Net Assets 2022: $3,020,6742022Assets 2023: $2,702,938Liabilities 2023: $10,139Net Assets 2023: $2,692,7992023Assets 2024: $2,469,491Liabilities 2024: $4,074Net Assets 2024: $2,465,4172024

Highlighted filing

2013

Assets$299,896
Liabilities$102
Net Assets$299,794

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $625,5572012Revenue 2013: $763,402Expenses 2013: $605,323Net Income 2013: $158,0792013Revenue 2014: $833,087Expenses 2014: $889,136Net Income 2014: -$56,0492014Revenue 2015: $936,562Expenses 2015: $897,883Net Income 2015: $38,6792015Revenue 2016: $868,559Expenses 2016: $928,913Net Income 2016: -$60,3542016Revenue 2017: $962,348Expenses 2017: $763,035Net Income 2017: $199,3132017Revenue 2018: $1,177,113Expenses 2018: $799,573Net Income 2018: $377,5402018Revenue 2019: $1,463,697Expenses 2019: $1,213,485Net Income 2019: $250,2122019Revenue 2020: $1,409,205Expenses 2020: $1,261,311Net Income 2020: $147,8942020Revenue 2021: $1,472,050Expenses 2021: $1,367,135Net Income 2021: $104,9152021Revenue 2022: $3,219,508Expenses 2022: $1,500,777Net Income 2022: $1,718,7312022Revenue 2023: $1,704,608Expenses 2023: $2,032,483Net Income 2023: -$327,8752023Revenue 2024: $2,263,731Expenses 2024: $2,491,113Net Income 2024: -$227,3822024

Highlighted filing

2013

Revenue$763,402
Expenses$605,323
Net Income$158,079
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 4, 2014
Return Version
2013v3.1
Gross Receipts
$912,139
Mission and Program Overview

Mission

To protect constitutional rights to freedom, create

An independent think-tank that advances free market solutions and the protection of personal freedom for all Kansans. Our educational work centers on state and local economic policy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$53,577$160,339▲ $106,762
Cash and Non-Interest-Bearing Accounts$80,535$130,538▲ $50,003
Land, Buildings, and Equipment, Net$7,489$7,919▲ $430
Prepaid Expenses and Deferred Charges$1,104$1,100▼ $4
Total Assets$142,705$299,896▲ $157,191
Liabilities
Other Liabilities$924--
Accounts Payable and Accrued Expenses$66$102▲ $36
Total Liabilities$990$102▼ $888
Net Assets / Fund Balance
Unrestricted Net Assets$141,715$259,794▲ $118,079
Temporarily Rstr Net Assets-$40,000-
Total Net Assets Fund Balance$141,715$299,794▲ $158,079
Total Liabilities and Net Assets / Fund Balance$142,705$299,896▲ $157,191

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,919$35,312-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David Trabert--$129,211$35,257$164,468
David TrabertPresidentFT$154,211-$154,211
James FrankoVice PresidentFT$61,974-$61,974

Board Members and Trustees

NameTitle
George PearsonChairman of Board of Trustees
David GibsonVice Chairman of Board of Trustees
Chuck MackeyTrustee
Kent GarlinghouseTrustee
Lee HarrisTrustee
Martin K Eby JrTrustee
Nestor Weigand JrTrustee
Phyllis NolanTrustee
Raul BritoTrustee
Robert SmithTrustee
Robert YoungSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$805,482
Program Service Revenue
$0
Investment Income
$1,762
Other Revenue
$-43,842
All Other Contributions
$756,982
Change in Net Assets
$158,079

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded5$77,970Selling Price
Total Noncash Contributions5$77,970-

Audited Revenue Reconciliation

Revenue per Audited Statements
$721,052
Revenue Not Reported on Financial Statements
$42,350
Revenue Not Reported on Form 990
$129,495
Other Revenue Adjustments
$42,350
Total Revenue per Audited Statements
$850,547
Total Revenue per Form 990
$763,402
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$372,583
Other Expenses$232,740
Total Fundraising Expense$38,082
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$195,362$11,961$8,862$216,185
Other Salaries and Wages$45,576$49,887$8,740$104,203
Office Expenses$17,482$31,917$19,359$68,758
Other Employee Benefits$21,419$5,807$422$27,648
Payroll Taxes$17,837$6,011$699$24,547
Travel$17,758$6,306$0$24,064
Fees for Services Other$4,800$14,534$0$19,334
All Other Expenses$7,729$6,900$0$14,629
Advertising$14,080$0$0$14,080
Occupancy$0$12,525$0$12,525
Information Technology$6,486$3,377$0$9,863
Depreciation Depletion$0$5,372$0$5,372
Other Expenses$4,513$0$0$4,513
Insurance$0$3,713$0$3,713
Fees for Services Legal$1,311$1,169$0$2,480
Total Functional Expenses$404,610$162,631$38,082$605,323

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$713,688
Total Expenses per Form 990$605,323
Expenses per Audited Statements$598,320
Expenses Not Reported on Form 990$115,368
Expenses Not Reported on Financial Statements$7,003
Other Expense Adjustments$7,003
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$70,767
Fundraising Gross Income$26,925
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$45,125$14,625$7,953$6,672
Event 2$30,300$12,300$14,945$-2,645
Total Events$75,425$26,925$70,767$-43,842
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Office equipment in use, but unpaid-
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

EIN
23-7047821
Phone
3162673241

Signing Officer

Name
Robert D Young
Title
Secretary-treasurer
Phone
3162673241
Signed
2014-08-04

Organization Details

Formed
1969
Legal Domicile
Ks
Voting Board Members
10
Independent Board Members
10
Employees
6
Volunteers
0
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The President and each board member was provided with

Pt VI, Line 11B

a draft copy of this Form 990 prior to filing and was

Pt VI, Line 11B

afforded an opportunity to comment on its contents

Pt VI, Line 11B

before filing.

Pt VI, Line 12C

Compliance is reviewed annually at a meeting of the

Pt VI, Line 12C

Board of Trustees.

Pt VI, Line 15A

The Board of Trustees reviews the President's compensation using the

Pt VI, Line 15A

State Policy Network's most current compensation survey as a guide.

Pt VI, Line 15B

The President reviews other employees' compensation using

Pt VI, Line 15B

similar criteria as the Board.

Pt VI, Line 19

The Institute's governing documents, conflict of interest policy,

Pt VI, Line 19

and financial statements will be provided to the public

Pt VI, Line 19

upon a written request addressed to the Institute.

Form 990EZ, Part I, Line 16

Travel miscellaneous expenses advertising and promotion books and dues equipment repairs and maintenance payroll taxes software and website services supplies telephone and other communication paypal fees expense training fees expense kansasvotes.org property tax project meeting expense

Form 990EZ, Part II, Line 24

Office equipment less accumulated depreciation

Form 990EZ, Part II, Line 26

State income tax withheld

Form 990, Part IX, Line 24F

Meeting and event expenses 3548. 2383. 1165. 0. Miscellaneous 11081. 5346. 5735. 0.

Financial Statement Notes

Pt X Line 2

FIN 48(ASC 740) Footnote: The Kansas Policy Institute is a not-for-profit organization under Internal Revenue Code Section 501(c)(3) and is exempt from income taxes. The Institute adopted Accounting Standards Codification (ASC) 740, Income Taxes, which outlines accounting requirements related to uncertain tax positions. The adoption of the new accounting method had no effect on the Institute's financial statements.

Pt X Line 2

The Institute recognizes the financial statement effects of a tax position only when it believes it can more likely than not sustain the position upon an examination by the relevant tax authority. The Tax years that remain open in the Institute's major tax jurisdictions (Federal and the State of Kansas) are 2013, 2012, 2011, and 2010.

Pt XI Line 2D

Accrued Contributions received after year end - $43,775 Accrued interest income, net - $ 553 Fundraising events direct expenses, net with income - $70,767

Pt XI Line 4B

Accrued Contributions in prior year, received in current yr - $42,350

Pt XII Line 2D

Accrued expenses- cash paid after year end - $14,349 Fundraising events direct expenses, net with income - $70,767 Accrued salaries and payroll taxes - $15,852

Pt XII Line 4B

Prepaid expenses- cash paid in current year - $ 2,328 Accrued expenses- cash paid in current year - $ 4,675

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IRS990/OtherExpensesGrp/Desc0Contract services
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE ECONOMIC FREEDOM PROGRAM REPRESENTS EFFORTS ON TAX POLICY. WE PUBLISH ORIGINAL RESEARCH AND OTHER WRITTEN MATERIAL, AS WELL AS SPEAKING TO CIVIC AND OTHER GROUPS. OUR TAX POLICY WORK EXAMINES THE IMPACT OF TAX BURDENS ON PRIVATE SECTOR JOB CREATION AND OTHER ECONOMIC FACTORS; WE ALSO STUDY GOVERNMENT SPENDING IN SEARCH OF OPERATING EFFICIENCY OPPORTUNITIES AT THE STATE AND COUNTY LEVELS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0131065
IRS990/ProgSrvcAccomActy3Grp/Desc0THE STUDENT-FOCUSED EDUCATION PROGRAM STRIVES TO PROVIDE INSIGHTS ON SPENDING CHOICES FOR EDUCATION. EXTENSIVE RESEARCH IS CONDUCTED IN VARIOUS EDUCATION AREAS. WE EXAMINE THE RELATIONSHIP BETWEEN K-12 SPENDING AND STUDENT ACHIEVEMENT, EXPLORE ALTERNATIVE LEARNING OPPORTUNITIES SUCH AS DIGITAL LEARNING, CHARTER SCHOOLS AND OTHER SCHOOL CHOICE OPTIONS, AND PROVIDE IN-DEPTH ANALYSIS OF SCHOOL FUNDING AND EMPLOYMENT CHANGES.
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IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt22012: 35.
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