Civic Intelligence

Interchange Inc.

990 • Fiscal year 2019 • EIN 23-7175702

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 09, 2020

1105 N Waverly PlaceMilwaukee, WI 53202-3427

(414) 276-0988

Siviq Scores

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

Liabilities / Assets

51st percentile

0.03x

Higher debt load relative to assets than 51% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

36th percentile

0.01x

Higher debt load relative to revenue than 36% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

47th percentile

2.7%

Higher net margin than 47% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

73rd percentile

16%

Faster asset growth than 73% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

87th percentile

53%

Faster revenue growth than 87% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$123,017

Up $16,798 (+16%) from 2018

Net Assets

Up

$118,867

Up $16,328 (+16%) from 2018

Liabilities

Up

$4,150

Up $470 (+13%) from 2018

Revenue

Up

$604,563

Up $209,377 (+53%) from 2018

Expenses

Up

$588,341

Up $197,773 (+51%) from 2018

Net Income

Up

$16,222

Up $11,604 (+251%) from 2018

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $65,407Liabilities 2011: $2,273Net Assets 2011: $63,1342011Assets 2012: $71,764Liabilities 2012: $2,594Net Assets 2012: $69,1702012Assets 2013: $85,101Liabilities 2013: $4,175Net Assets 2013: $80,9262013Assets 2014: $83,833Liabilities 2014: $5,318Net Assets 2014: $78,5152014Assets 2015: $84,965Liabilities 2015: $4,888Net Assets 2015: $80,0772015Assets 2016: $92,279Liabilities 2016: $2,861Net Assets 2016: $89,4182016Assets 2017: $102,085Liabilities 2017: $4,164Net Assets 2017: $97,9212017Assets 2018: $106,219Liabilities 2018: $3,680Net Assets 2018: $102,5392018Assets 2019: $123,017Liabilities 2019: $4,150Net Assets 2019: $118,8672019Assets 2020: $243,250Liabilities 2020: $5,507Net Assets 2020: $237,7432020Assets 2021: $300,830Liabilities 2021: $1,078Net Assets 2021: $299,7522021Assets 2022: $399,223Liabilities 2022: $1,043Net Assets 2022: $398,1802022Assets 2023: $374,177Liabilities 2023: $19,021Net Assets 2023: $355,1562023Assets 2024: $421,727Liabilities 2024: $6,146Net Assets 2024: $415,5812024

Highlighted filing

2019

Assets$123,017
Liabilities$4,150
Net Assets$118,867

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $74,4292011Expenses 2012: $223,9452012Revenue 2013: $301,336Expenses 2013: $289,580Net Income 2013: $11,7562013Revenue 2014: $291,423Expenses 2014: $293,834Net Income 2014: -$2,4112014Revenue 2015: $363,916Expenses 2015: $362,354Net Income 2015: $1,5622015Revenue 2016: $317,038Expenses 2016: $307,697Net Income 2016: $9,3412016Revenue 2017: $333,686Expenses 2017: $325,183Net Income 2017: $8,5032017Revenue 2018: $395,186Expenses 2018: $390,568Net Income 2018: $4,6182018Revenue 2019: $604,563Expenses 2019: $588,341Net Income 2019: $16,2222019Revenue 2020: $1,059,948Expenses 2020: $941,072Net Income 2020: $118,8762020Revenue 2021: $1,161,336Expenses 2021: $1,099,327Net Income 2021: $62,0092021Revenue 2022: $1,014,681Expenses 2022: $916,253Net Income 2022: $98,4282022Revenue 2023: $1,123,502Expenses 2023: $1,166,526Net Income 2023: -$43,0242023Revenue 2024: $1,225,061Expenses 2024: $1,164,636Net Income 2024: $60,4252024

Highlighted filing

2019

Revenue$604,563
Expenses$588,341
Net Income$16,222
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 9, 2020
Return Version
2019v5.1
Gross Receipts
$604,563
Mission and Program Overview

Mission

Provide emergency food assistance to needy individuals in Milwaukee.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$24,927$52,902▲ $27,975
Savings and Temporary Cash Investments$53,869$41,168▼ $12,701
Land, Buildings, and Equipment, Net$17,142$12,682▼ $4,460
Inventories for Sale or Use-$7,801-
Investments in Publicly Traded Securities-$5,189-
Prepaid Expenses and Deferred Charges$2,187$2,420▲ $233
Pledges and Grants Receivable$8,094$855▼ $7,239
Total Assets$106,219$123,017▲ $16,798
Liabilities
Accounts Payable and Accrued Expenses$3,680$4,150▲ $470
Total Liabilities$3,680$4,150▲ $470
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$94,445$110,262▲ $15,817
Net Assets With Donor Restrictions$8,094$8,605▲ $511
Total Net Assets Fund Balance$102,539$118,867▲ $16,328
Total Liabilities and Net Assets / Fund Balance$106,219$123,017▲ $16,798

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,682$19,095$31,777
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sheila ScottPresident
Melanie MadduxVice President
Allyson NemecDirector
David RoidtDirector
Diane RoidtDirector
Jack HughesDirector
Nya TaylorDirector
Rob AterDirector
Robert SchultzDirector
Sandra HalgersonDirector
Susan MittenDirector
Beth BruchSecretary
William WelburnTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$600,842
Program Service Revenue
$0
Investment Income
$1,181
Other Revenue
$2,540
All Other Contributions
$600,842
Change in Net Assets
$16,222

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
Food Inventory320,634$496,694Fair Market Value Per Pound
Total Noncash Contributions320,634$496,694-

Audited Revenue Reconciliation

Revenue per Audited Statements
$611,564
Revenue Not Reported on Form 990
$1,200
Total Revenue per Audited Statements
$612,764
Total Revenue per Form 990
$611,564
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$537,189
Salaries, Compensation, and Employee Benefits$51,152
Total Fundraising Expense$3,720
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$41,047$3,935$2,951$47,933
Occupancy$5,964$572$429$6,965
Fees for Services Accounting$0$6,750$0$6,750
Depreciation Depletion$5,449$0$0$5,449
Payroll Taxes$2,757$264$198$3,219
Office Expenses$2,701$414$100$3,215
Insurance$315$30$23$368
Other Expenses$361$0$0$361
Total Functional Expenses$572,631$11,990$3,720$588,341

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$589,541
Expenses per Audited Statements$588,341
Total Expenses per Form 990$588,341
Expenses Not Reported on Form 990$1,200
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$2,540
Fundraising Direct Expenses$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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

Filer Name
Interchange Inc
EIN
23-7175702
Phone
4142760988
Address
1105 N WAVERLY PLACE, MILWAUKEE, WI 53202-3427

Signing Officer

Name
Rob Ater
Title
Treasurer
Phone
4142760988
Signed
2020-07-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sheila Scott
Formed
2003
Legal Domicile
Wi
Voting Board Members
11
Independent Board Members
11
Employees
3
Volunteers
40

Preparer

Firm
Krause & Associates SC
Address
1214 Bridge Street, Grafton, WI 53024
Preparer
David Krause
Phone
2623779988
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The board of directors reviews and approves the 990 prior to filing with the IRS.

Pt VI, Line 12C

All board members review and sign the conflict of intersest policy

Pt VI, Line 15A

The volunteer board of directors approves the executive director's compensation and wages for all other employees. Board members serve as volunteers and are not compensated.

Pt VI, Line 15B

The volunteer board of directors approves the executive director's compensation and wages for all other employees. Board members serve as volunteers and are not

Pt VI, Line 19

All documents are available upon request during normal business hours.

Pt VI, Line 2

Board members Diane and David Roidt are related.

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IRS990/OtherExpensesGrp/TotalAmt3361
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt02951
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt03935
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt041047
IRS990/OtherSalariesAndWagesGrp/TotalAmt047933
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0198
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0264
IRS990/PayrollTaxesGrp/ProgramServicesAmt02757
IRS990/PayrollTaxesGrp/TotalAmt03219
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt08094
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0855
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02187
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02420
IRS990/PrincipalOfficerNm0SHEILA SCOTT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0394277
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt074
IRS990/PYOtherExpensesAmt0348840
IRS990/PYOtherRevenueAmt0835
IRS990/PYRevenuesLessExpensesAmt04618
IRS990/PYSalariesCompEmpBnftPaidAmt041728
IRS990/PYTotalExpensesAmt0390568
IRS990/PYTotalRevenueAmt0395186
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt016222
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt053869
IRS990/SavingsAndTempCashInvstGrp/EOYAmt041168
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part II, Line 10 Description: MISCELLANEOUS 2015: 10. 2016: 0. 2017: 400. 2018: 835. 2019: 2540.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt II Ln 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0607737
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0394277
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0333205
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0317038
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0363811
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02016068
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01181
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt074
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt081
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt097
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt095
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01528
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt02540
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0835
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0400
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt010
IRS990ScheduleA/OtherIncome170Grp/TotalAmt03785
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99500
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.99860
IRS990ScheduleA/PublicSupportTotal170Amt02011282
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt04786
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0607737
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0394277
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0333205
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0317038
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0363811
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02016068
IRS990ScheduleA/TotalSupportAmt02021381
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt01200
IRS990ScheduleD/DonatedServicesUseFcltsAmt01200
IRS990ScheduleD/EquipmentGrp/BookValueAmt012682
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019095
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt031777
IRS990ScheduleD/ExpensesNotReportedAmt01200
IRS990ScheduleD/ExpensesSubtotalAmt0588341
IRS990ScheduleD/RevenueNotReportedAmt01200
IRS990ScheduleD/RevenueSubtotalAmt0611564
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012682
IRS990ScheduleD/TotalExpensesPerForm990Amt0588341
IRS990ScheduleD/TotalRevenuePerForm990Amt0611564
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0612764
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0589541
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/FoodInventoryGrp/ContributionCnt0320634
IRS990ScheduleM/FoodInventoryGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE PER POUND
IRS990ScheduleM/FoodInventoryGrp/NonCashCheckboxInd0X
IRS990ScheduleM/FoodInventoryGrp/NoncashContributionsRptF990Amt0496694
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The board of directors reviews and approves the 990 prior to filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All board members review and sign the conflict of intersest policy
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The volunteer board of directors approves the executive director's compensation and wages for all other employees. Board members serve as volunteers and are not compensated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The volunteer board of directors approves the executive director's compensation and wages for all other employees. Board members serve as volunteers and are not
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All documents are available upon request during normal business hours.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Board members Diane and David Roidt are related.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 2
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0106219
IRS990/TotalAssetsEOYAmt0123017
IRS990/TotalAssetsGrp/BOYAmt0106219
IRS990/TotalAssetsGrp/EOYAmt0123017

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.01$0.42$1.23$1.16$0.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.37$0.02$0.36$1.12$1.17$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.00$0.40$1.01$0.92$0.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.30$0.00$0.30$1.16$1.10$0.06
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.01$0.24$1.06$0.94$0.12
2019Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.60$0.59$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.11$0.00$0.10$0.40$0.39$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.10$0.00$0.10$0.33$0.33$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.09$0.00$0.09$0.32$0.31$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.36$0.36$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.08$0.01$0.08$0.29$0.29$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.08$0.30$0.29$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.00$0.07$0.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.00$0.06$0.07