Civic Intelligence

Interchange Inc.

990 • Fiscal year 2022 • EIN 23-7175702

Jan 01, 2022 to Dec 31, 2022 • Filed on May 04, 2023

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

23rd percentile

0.00x

Higher debt load relative to assets than 23% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

19th percentile

0.00x

Higher debt load relative to revenue than 19% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

55th percentile

9.7%

Higher net margin than 55% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

48th percentile

$51,000

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 5.0% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

83rd percentile

33%

Faster asset growth than 83% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

24th percentile

-13%

Faster revenue growth than 24% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$399,223

Up $98,393 (+33%) from 2021

Net Assets

Up

$398,180

Up $98,428 (+33%) from 2021

Liabilities

Down

$1,043

Down $35 (-3.2%) from 2021

Revenue

Down

$1,014,681

Down $146,655 (-13%) from 2021

Expenses

Down

$916,253

Down $183,074 (-17%) from 2021

Net Income

Up

$98,428

Up $36,419 (+59%) from 2021

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

2022

Assets$399,223
Liabilities$1,043
Net Assets$398,180

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

2022

Revenue$1,014,681
Expenses$916,253
Net Income$98,428
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 4, 2023
Return Version
2022v5.0
Gross Receipts
$1,014,681
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$39,060$111,802▲ $72,742
Pledges and Grants Receivable$26,710$98,990▲ $72,280
Land, Buildings, and Equipment, Net$25,940$93,308▲ $67,368
Savings and Temporary Cash Investments$183,414$73,490▼ $109,924
Inventories for Sale or Use$25,626$21,466▼ $4,160
Prepaid Expenses and Deferred Charges$80$167▲ $87
Total Assets$300,830$399,223▲ $98,393
Liabilities
Accounts Payable and Accrued Expenses$1,078$1,043▼ $35
Total Liabilities$1,078$1,043▼ $35
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$273,042$378,956▲ $105,914
Net Assets With Donor Restrictions$26,710$19,224▼ $7,486
Total Net Assets Fund Balance$299,752$398,180▲ $98,428
Total Liabilities and Net Assets / Fund Balance$300,830$399,223▲ $98,393

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$93,308$25,798$119,106
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
George NeureutherExecutive DirectorFT$51,000$51,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,004,756
Program Service Revenue
$0
Investment Income
$77
Other Revenue
$9,848
All Other Contributions
$911,309
Change in Net Assets
$98,428

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Food Inventory318,721$599,743Fair Market Value
Total Noncash Contributions318,721$599,743-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,014,681
Revenue Not Reported on Form 990
$1,200
Total Revenue per Audited Statements
$1,015,881
Total Revenue per Form 990
$1,014,681
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$819,021
Salaries, Compensation, and Employee Benefits$97,232
Total Fundraising Expense$29,899
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$20,000$5,000$25,000$50,000
Other Salaries and Wages$26,057$14,573$0$40,630
Depreciation Depletion$10,787$0$0$10,787
Occupancy$4,269$1,814$2,317$8,400
Office Expenses$4,807$3,414$155$8,376
Payroll Taxes$3,355$1,426$1,821$6,602
Fees for Services Accounting$439$2,287$238$2,964
Fees for Services Other$0$2,750$0$2,750
Other Expenses$2,646$0$0$2,646
Insurance$464$197$252$913
Total Functional Expenses$854,802$31,552$29,899$916,253

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$917,453
Expenses per Audited Statements$916,253
Total Expenses per Form 990$916,253
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
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
Allyson Nemec
Title
President
Phone
4142760988
Signed
2023-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Allyson Nemec
Formed
2003
Legal Domicile
Wi
Voting Board Members
14
Independent Board Members
14
Employees
7
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.

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IRS990/OccupancyGrp/ManagementAndGeneralAmt01814
IRS990/OccupancyGrp/ProgramServicesAmt04269
IRS990/OccupancyGrp/TotalAmt08400
IRS990/OfficeExpensesGrp/FundraisingAmt0155
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03414
IRS990/OfficeExpensesGrp/ProgramServicesAmt04807
IRS990/OfficeExpensesGrp/TotalAmt08376
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0Food and hygiene products
IRS990/OtherExpensesGrp/Desc1Telephone
IRS990/OtherExpensesGrp/Desc2Vehicle
IRS990/OtherExpensesGrp/Desc3Minor equipment and IT
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt1116
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt191
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt0776211
IRS990/OtherExpensesGrp/ProgramServicesAmt1213
IRS990/OtherExpensesGrp/ProgramServicesAmt25554
IRS990/OtherExpensesGrp/ProgramServicesAmt32646
IRS990/OtherExpensesGrp/TotalAmt0776211
IRS990/OtherExpensesGrp/TotalAmt1420
IRS990/OtherExpensesGrp/TotalAmt25554
IRS990/OtherExpensesGrp/TotalAmt32646
IRS990/OtherRevenueMiscGrp/BusinessCd0999999
IRS990/OtherRevenueMiscGrp/Desc0OTHER
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt09848
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt09848
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueTotalAmt09848
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt014573
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt026057
IRS990/OtherSalariesAndWagesGrp/TotalAmt040630
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01821
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01426
IRS990/PayrollTaxesGrp/ProgramServicesAmt03355
IRS990/PayrollTaxesGrp/TotalAmt06602
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt026710
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt098990
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt080
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0167
IRS990/PrincipalOfficerNm0ALLYSON NEMEC
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01161297
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt039
IRS990/PYOtherExpensesAmt01016350
IRS990/PYRevenuesLessExpensesAmt062009
IRS990/PYSalariesCompEmpBnftPaidAmt082977
IRS990/PYTotalExpensesAmt01099327
IRS990/PYTotalRevenueAmt01161336
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt098428
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0183414
IRS990/SavingsAndTempCashInvstGrp/EOYAmt073490
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part II, Line 10 Description: MISCELLANEOUS 2018: 835. 2019: 2540. 2020: 0. 2021: 0. 2022: 9848.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt II Ln 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01004756
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01134176
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01055529
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0607737
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0394277
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04196475
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt077
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt039
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04419
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01181
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt074
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05790
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt09848
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt02540
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0835
IRS990ScheduleA/OtherIncome170Grp/TotalAmt013223
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99550
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.99730
IRS990ScheduleA/PublicSupportTotal170Amt04196475
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01004756
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01134176
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01055529
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0607737
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0394277
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04196475
IRS990ScheduleA/TotalSupportAmt04215488
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/BookValueAmt093308
IRS990ScheduleD/EquipmentGrp/DepreciationAmt025798
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0119106
IRS990ScheduleD/ExpensesNotReportedAmt01200
IRS990ScheduleD/ExpensesSubtotalAmt0916253
IRS990ScheduleD/RevenueNotReportedAmt01200
IRS990ScheduleD/RevenueSubtotalAmt01014681
IRS990ScheduleD/TotalBookValueLandBuildingsAmt093308
IRS990ScheduleD/TotalExpensesPerForm990Amt0916253
IRS990ScheduleD/TotalRevenuePerForm990Amt01014681
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01015881
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0917453
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/FoodInventoryGrp/ContributionCnt0318721
IRS990ScheduleM/FoodInventoryGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE

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
2022Detailed filing. Detailed filing data is available for this year.$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
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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