Civic Intelligence

Research and Education Trust C/O Maine Hospital Association

990 • Fiscal year 2017 • EIN 23-7257058

Oct 01, 2016 to Sep 30, 2017 • Filed on Feb 21, 2018

Organization ProfileN/A
33 Fuller StreetAugusta, ME 04330

(207) 622-4794

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.81x

Higher debt load relative to assets than 93% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

88th percentile

0.22x

Higher debt load relative to revenue than 88% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

53rd percentile

4.8%

Higher net margin than 53% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

100th percentile

$536,978

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 264.8% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

90th percentile

92%

Faster asset growth than 90% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

56th percentile

5.1%

Faster revenue growth than 56% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$54,125

Up $25,866 (+92%) from 2016

Net Assets

Up

$10,138

Up $9,779 (+2724%) from 2016

Liabilities

Up

$43,987

Up $16,087 (+58%) from 2016

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin53rd percentile

Revenue

Up

$202,755

Up $9,755 (+5.1%) from 2016

Expenses

Up

$192,976

Up $4,432 (+2.4%) from 2016

Net Income

Up

$9,779

Up $5,323 (+119%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

$80K$60K$40K$20K$0-$20KAssets 2010: $35,638Liabilities 2010: $32,700Net Assets 2010: $2,9382010Assets 2012: $44,797Liabilities 2012: $1,230Net Assets 2012: $43,5672012Assets 2013: $25,752Liabilities 2013: $0Net Assets 2013: $25,7522013Assets 2014: $25,825Liabilities 2014: $33,079Net Assets 2014: -$7,2542014Assets 2015: $43,399Liabilities 2015: $47,496Net Assets 2015: -$4,0972015Assets 2016: $28,259Liabilities 2016: $27,900Net Assets 2016: $3592016Assets 2017: $54,125Liabilities 2017: $43,987Net Assets 2017: $10,1382017Assets 2018: $37,800Liabilities 2018: $20,207Net Assets 2018: $17,5932018Assets 2019: $61,746Liabilities 2019: $36,816Net Assets 2019: $24,9302019Assets 2020: $35,791Liabilities 2020: $11,052Net Assets 2020: $24,7392020Assets 2021: $63,086Liabilities 2021: $31,237Net Assets 2021: $31,8492021Assets 2022: $51,643Liabilities 2022: $14,796Net Assets 2022: $36,8472022

Highlighted filing

2017

Assets$54,125
Liabilities$43,987
Net Assets$10,138
Open 2017 Filing

Operations Trend

Revenue Growth56th percentile

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

$600K$400K$200K$0-$200KExpenses 2010: $422,6622010Expenses 2012: $440,0062012Revenue 2013: $175,310Expenses 2013: $193,125Net Income 2013: -$17,8152013Revenue 2014: $180,981Expenses 2014: $213,987Net Income 2014: -$33,0062014Revenue 2015: $181,036Expenses 2015: $177,879Net Income 2015: $3,1572015Revenue 2016: $193,000Expenses 2016: $188,544Net Income 2016: $4,4562016Revenue 2017: $202,755Expenses 2017: $192,976Net Income 2017: $9,7792017Revenue 2018: $206,131Expenses 2018: $198,676Net Income 2018: $7,4552018Revenue 2019: $211,470Expenses 2019: $204,133Net Income 2019: $7,3372019Revenue 2020: $211,671Expenses 2020: $211,861Net Income 2020: -$1902020Revenue 2021: $214,296Expenses 2021: $207,186Net Income 2021: $7,1102021Revenue 2022: $215,679Expenses 2022: $210,681Net Income 2022: $4,9982022

Highlighted filing

2017

Revenue$202,755
Expenses$192,976
Net Income$9,779
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Feb 21, 2018
Return Version
2016v3.0
Gross Receipts
$202,755
Mission and Program Overview

Mission

To promote and sponsor educational programs for training of hospital and healthcare personnel and foster research in hospital administration.

Providing continuing education to hospitals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$7,259$27,370▲ $20,111
Accounts Receivable$21,000$26,755▲ $5,755
Total Assets$28,259$54,125▲ $25,866
Liabilities
Other Liabilities$27,859$43,987▲ $16,128
Accounts Payable and Accrued Expenses$41$0▼ $41
Total Liabilities$27,900$43,987▲ $16,087
Net Assets / Fund Balance
Unrestricted Net Assets$359$10,138▲ $9,779
Total Net Assets Fund Balance$359$10,138▲ $9,779
Total Liabilities and Net Assets / Fund Balance$28,259$54,125▲ $25,866
Compensation and Service Providers
Top Officer Pay100th percentile

Board Members and Trustees

NameTitle
Chuck HaysChair
James DonovanImmediate Past Chair
Steven MichaudPresident
Peter SiroisVice Chair
R David FrumSecretary
Charles TherrienTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$26,755
Program Service Revenue
$176,000
Investment Income
$0
Other Revenue
$0
All Other Contributions
$26,755
Change in Net Assets
$9,779
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$180,279
Other Expenses$12,697
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$180,279--$180,279
Occupancy$6,202$254-$6,456
Travel$2,419--$2,419
Insurance-$1,581-$1,581
Fees for Services Accounting-$1,196-$1,196
Office Expenses-$1,010-$1,010
Fees for Services Other-$35-$35
Total Functional Expenses$188,900$4,076$0$192,976
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$43,987
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Form 990 is reviewed by management and submitted to the board of directors for review prior to filing.”

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

“Members of leadership and general counsel are responsible for regularly and consistently monitoring and enforcing compliance with the conflict of interest policy. Board members complete and sign disclosure forms annually, which are reviewed by leadership and general counsel.”

Form 990, Part VI, Section B, line 15

“The Organization's President is compensated by Maine Hospital Association, a related organization. A compensation consultant is used to evaluate the salary along with results from a nationwide salary survey of hospital association executives. The information is presented to the Maine Hospital Association Executive Committee and the MHA Board of Directors.”

Form 990, Part VI, Section C, line 19

“The Organization does not make its governing documents, conflict of interest policy and financial statements available to the public.”

Filing and Contact Details

Filer

Filer Name
Research and Education Trust
EIN
23-7257058
Phone
2076224794
Address
33 Fuller Street, Augusta, ME 04330

Signing Officer

Name
Steven Michaud
Title
President
Phone
2076224794
Signed
2018-02-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Michaud
Formed
1972
Legal Domicile
Me
Voting Board Members
6
Independent Board Members
5
Employees
3
Volunteers
5

Preparer

Firm
Berry Dunn McNeil & Parker LLC
Address
PO Box 1100, Portland, ME 04104-1100
Preparer
Barbara J McGuan CPA
Phone
2077752387
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is reviewed by management and submitted to the board of directors for review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members of leadership and general counsel are responsible for regularly and consistently monitoring and enforcing compliance with the conflict of interest policy. Board members complete and sign disclosure forms annually, which are reviewed by leadership and general counsel.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organization's President is compensated by Maine Hospital Association, a related organization. A compensation consultant is used to evaluate the salary along with results from a nationwide salary survey of hospital association executives. The information is presented to the Maine Hospital Association Executive Committee and the MHA Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization does not make its governing documents, conflict of interest policy and financial statements available to the public.
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 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
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IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0Maine Hospital Association Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0010474124
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0ME
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Provides members with access to reduced cost services
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0Associated Health Resources Inc dba Maine Hospital Solutions
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt033 Fuller Road
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0Augusta
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0ME
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd004330
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0Maine Hospital Association Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Maine Hospital Association Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Friends of Maine Hospitals
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0010266289
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1912066904
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1527
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0ME
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1ME
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Advocating for Maine based community-governed hospitals
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Political Action Committee
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt033 Fuller Road
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt133 Fuller Road
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Augusta
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Augusta
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0ME
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1ME
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd004330
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd104330
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd01
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0176000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1180279
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Fair Value
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Fair Value
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Maine Hospital Association Inc
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1Maine Hospital Association Inc
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0L
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1O
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt028259
IRS990/TotalAssetsEOYAmt054125
IRS990/TotalAssetsGrp/BOYAmt028259
IRS990/TotalAssetsGrp/EOYAmt054125
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt026755
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04076
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0188900
IRS990/TotalFunctionalExpensesGrp/TotalAmt0192976
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt027900
IRS990/TotalLiabilitiesEOYAmt043987
IRS990/TotalLiabilitiesGrp/BOYAmt027900
IRS990/TotalLiabilitiesGrp/EOYAmt043987
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0359
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt010138
IRS990/TotalOtherCompensationAmt027827
IRS990/TotalProgramServiceExpensesAmt0188900
IRS990/TotalProgramServiceRevenueAmt0176000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0176000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0202755
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt028259
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt054125
IRS990/TotReportableCompRltdOrgAmt0509151
IRS990/TravelGrp/ProgramServicesAmt02419
IRS990/TravelGrp/TotalAmt02419
IRS990/TrnsfrExmptNonChrtblRltdOrgInd01
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0359
IRS990/UnrestrictedNetAssetsGrp/EOYAmt010138
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt033 Fuller Street
IRS990/USAddress/CityNm0Augusta
IRS990/USAddress/StateAbbreviationCd0ME
IRS990/USAddress/ZIPCd004330
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Steven Michaud
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02076224794
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-02-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Research and Education Trust
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0c/o Maine Hospital Association

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$54,125
Liabilities
$43,987
Net assets
$10,138
Revenue
$202,755
Expenses
$192,976
Net income
$9,779
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.52$0.15$0.37$2.16$2.11$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.31$0.32$2.14$2.07$0.07
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.36$0.11$0.25$2.12$2.12$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.62$0.37$0.25$2.11$2.04$0.07
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.20$0.18$2.06$1.99$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.54$0.44$0.10$2.03$1.93$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.28$0.28$0.00$1.93$1.89$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.43$0.47$0.04$1.81$1.78$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.26$0.33$0.07$1.81$2.14$0.33
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.00$0.26$1.75$1.93$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.01$0.44$4.40
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.33$0.03$4.23