Civic Intelligence

Rare Inc.

990 • Fiscal year 2016 • EIN 23-7380563

Oct 01, 2015 to Sep 30, 2016 • Filed on Jul 26, 2017

1310 North Courthouse Rd No 110Arlington, VA 22201

(703) 522-5070

Siviq Scores

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

Liabilities / Assets

58th percentile

0.32x

Higher debt load relative to assets than 58% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

56th percentile

0.32x

Higher debt load relative to revenue than 56% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

10th percentile

-25%

Higher net margin than 10% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

88th percentile

$418,468

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

4th percentile

-18%

Faster asset growth than 4% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

24th percentile

-7.8%

Faster revenue growth than 24% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Down

$18,750,993

Down $4,041,216 (-18%) from 2015

Net Assets

Down

$12,744,830

Down $4,668,666 (-27%) from 2015

Liabilities

Up

$6,006,163

Up $627,450 (+12%) from 2015

Revenue

Down

$18,858,126

Down $1,596,537 (-7.8%) from 2015

Expenses

Down

$23,612,882

Down $283,610 (-1.2%) from 2015

Net Income

Down

-$4,754,756

Down $1,312,927 (-38%) from 2015

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2013: $33,118,216Liabilities 2013: $7,631,481Net Assets 2013: $25,486,7352013Assets 2014: $27,484,294Liabilities 2014: $6,586,904Net Assets 2014: $20,897,3902014Assets 2015: $22,792,209Liabilities 2015: $5,378,713Net Assets 2015: $17,413,4962015Assets 2016: $18,750,993Liabilities 2016: $6,006,163Net Assets 2016: $12,744,8302016Assets 2017: $28,404,430Liabilities 2017: $7,913,886Net Assets 2017: $20,490,5442017Assets 2018: $36,181,516Liabilities 2018: $18,440,811Net Assets 2018: $17,740,7052018Assets 2019: $41,397,121Liabilities 2019: $12,842,431Net Assets 2019: $28,554,6902019Assets 2020: $36,999,177Liabilities 2020: $10,627,762Net Assets 2020: $26,371,4152020Assets 2021: $47,172,711Liabilities 2021: $11,577,944Net Assets 2021: $35,594,7672021Assets 2024: $35,089,126Liabilities 2024: $11,059,152Net Assets 2024: $24,029,9742024

Highlighted filing

2016

Assets$18,750,993
Liabilities$6,006,163
Net Assets$12,744,830

Operations Trend

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

$40M$20M$0-$20MExpenses 2013: $18,130,0462013Revenue 2014: $16,832,932Expenses 2014: $21,373,417Net Income 2014: -$4,540,4852014Revenue 2015: $20,454,663Expenses 2015: $23,896,492Net Income 2015: -$3,441,8292015Revenue 2016: $18,858,126Expenses 2016: $23,612,882Net Income 2016: -$4,754,7562016Revenue 2017: $32,924,847Expenses 2017: $25,106,435Net Income 2017: $7,818,4122017Revenue 2018: $21,947,507Expenses 2018: $24,516,728Net Income 2018: -$2,569,2212018Revenue 2019: $37,606,393Expenses 2019: $26,926,873Net Income 2019: $10,679,5202019Revenue 2020: $22,917,080Expenses 2020: $25,180,754Net Income 2020: -$2,263,6742020Revenue 2021: $37,625,413Expenses 2021: $28,280,886Net Income 2021: $9,344,5272021Revenue 2024: $33,556,901Expenses 2024: $37,155,372Net Income 2024: -$3,598,4712024

Highlighted filing

2016

Revenue$18,858,126
Expenses$23,612,882
Net Income-$4,754,756
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Jul 26, 2017
Return Version
2015v3.0
Gross Receipts
$20,286,317
Mission and Program Overview

Mission

Rare inspires change so that both people and nature thrive. In the face of a global extinction crisis, climate change, dwindling fish stocks, and disappearing forests, rare is changing behaviors at the local level by teaching community leaders how to relate to nature in a non-destructive manner and providing alternatives to current practices.

Rare inspires change so people and nature thrive.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,663,818$7,576,433▼ $87,385
Pledges and Grants Receivable$9,964,986$6,073,755▼ $3,891,231
Savings and Temporary Cash Investments$2,511,112$2,292,541▼ $218,571
Cash and Non-Interest-Bearing Accounts$532,596$715,047▲ $182,451
Prepaid Expenses and Deferred Charges$672,427$536,901▼ $135,526
Land, Buildings, and Equipment, Net$492,952$430,672▼ $62,280
Total Assets$22,792,209$18,750,993▼ $4,041,216
Other Assets Total$954,318$1,125,644▲ $171,326
Liabilities
Accounts Payable and Accrued Expenses$2,060,529$2,864,913▲ $804,384
Deferred Revenue$2,314,086$2,062,140▼ $251,946
Other Liabilities$1,004,098$1,079,110▲ $75,012
Total Liabilities$5,378,713$6,006,163▲ $627,450
Net Assets / Fund Balance
Unrestricted Net Assets$9,766,945$9,213,741▼ $553,204
Temporarily Rstr Net Assets$7,646,551$3,531,089▼ $4,115,462
Total Net Assets Fund Balance$17,413,496$12,744,830▼ $4,668,666
Total Liabilities and Net Assets / Fund Balance$22,792,209$18,750,993▼ $4,041,216

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$212,248$380,401$592,649
Other Land Buildings$129,107$231,393$360,500
Leasehold Improvements$89,317$160,078$249,395
Other Assets Org$49,627--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brett JenksPresident & CEOFT$313,226$105,242$418,468
Dale GalvinManaging Dir., Sustainable MarketsFT$233,906$76,878$310,784
Martha PiperManaging Dir., Global SolutionsFT$233,043$64,011$297,054
Keith AlgerSVP Latin AmericaFT$188,363$52,754$241,117
David WalkerVP, Social MarketingFT$143,365$95,338$238,703
Paul John ButlerTrustee & SVPFT$164,030$68,434$232,464
Nakul SaranVP, Fish ForeverFT$190,690$38,158$228,848
Kerri HanniganVP, Marketing and CommunuicationsFT$165,678$37,525$203,203
Robin HellerVice PresidentFT$170,241$25,041$195,282
Timothy ChildressChief Financial OfficerFT$113,211$38,203$151,414

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Marine Environment Resources FndMonitoring And Evaluation1111 FRANKLIN ST12TH FLOOR, Oakland, CA 94607, Rp$248,080
University Of CaliforniaScientific Experts1025 CONNECTICUT AVE NW SUITE 1201, Washington, DC 20036$125,000
Randstad ProfessionalsTemporary Staffing-$117,544
Revenue and Support

Revenue Composition

Contributions and Grants
$18,744,535
Program Service Revenue
$0
Investment Income
$113,591
Other Revenue
$0
All Other Contributions
$15,658,397
Change in Net Assets
$-4,754,756

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,858,126
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$609,830
Total Revenue per Audited Statements
$19,467,956
Total Revenue per Form 990
$18,858,126
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$14,363,504
Other Expenses$7,866,170
Total Fundraising Expense$2,221,332
Grants and Similar Amounts Paid$1,383,208
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,892,648$607,427$801,029$9,301,104
Travel$2,292,697$75,239$293,522$2,661,458
Fees for Services Other$2,538,928$43,618$36,764$2,619,310
Other Employee Benefits$1,498,733$162,213$203,020$1,863,966
Current Officers, Directors, Trustees, and Key Employees$923,427$346,769$393,206$1,663,402
Occupancy$847,059$286,931$216,355$1,350,345
Foreign Grants$1,158,208--$1,158,208
Payroll Taxes$881,608$95,420$119,424$1,096,452
Pension Plan Contributions$352,643$38,168$47,769$438,580
Information Technology$224,122$99,993$38,847$362,962
Office Expenses$197,092$34,461$23,428$254,981
Depreciation Depletion$123,269$118,568$3,838$245,675
Grants to Domestic Orgs$225,000--$225,000
Fees for Services Accounting$107,652$52,334-$159,986
Fees for Services Legal$111,981$28,175-$140,156
Insurance$35,009$13,082-$48,091
Other Expenses$441,296$-485,426$44,130$0
Total Functional Expenses$19,856,726$1,534,824$2,221,332$23,612,882

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$24,136,622
Expenses per Audited Statements$23,612,882
Total Expenses per Form 990$23,612,882
Expenses Not Reported on Form 990$523,740
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Regents of the University of CaliforniaSanta Barbara, CA501(c)(3)Design Tools to Measure Fisheries Programs$125,000
Environmental Defense FundNew York, NY501(c)(3)Fisheries Turf Reserve Program Design$100,000

International Summary

Offices
7
Employees
89
Spending
$13,581,839

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificProgram ServicesWatershed Protection466$8,346,567
South AmericaProgram ServicesFisheries Management29$3,836,805
East Asia and the PacificGrants to RecipientsSustainable Organic Cotton and Fisheries Management00$796,564
South AmericaGrants to RecipientsFisheries Management and Watershed Protection00$361,644
North AmericaProgram Services-15$189,100
Central America and the CaribbeanProgram Services-09$51,159
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
Deferred Compensation Liability$1,079,110
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

Governance Explanations

Form 990, Part VI, Section B, Line 11

The board members were given a copy of the return to review and approve before filing with the irs.

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

Annually, staff and board members are required to sign a conflict of interest disclosure statement indicating the capacity in which you are serving the organization, any affiliations with rare's business partners, or any benefit gained through a rare business transaction. Detailed information on any such potential conflict must be fully disclosed on the form.

Form 990, Part VI, Section B, Line 15

Annually, rare staff compiles data from current market compensation surveys and other relevant research in addition to a self evaluation of the ceo and coo to be submitted to the finance and hr committee for review. The finance and hr committee, based on the information received, recommends compensation adjustments for the ceo and coo to the full board of trustees for final approval. Rare hires a firm to review the compensation of those in a position to exercise substantial influence with respect to rare's affairs to provide an opinion on the reasonableness of their compensation.

Form 990, Part VI, Section C, Line 19

Rare makes its governing documents, conflict of interest policy, and financial statements available upon request for the same period of disclosure as set forth in section 6104(d).

Filing and Contact Details

Filer

Filer Name
Rare
EIN
23-7380563
Phone
7035225070
Address
1310 NORTH COURTHOUSE RD NO 110, ARLINGTON, VA 22201

Signing Officer

Name
Brett Jenks
Title
CEO
Phone
7035225070
Signed
2017-07-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brett Jenks
Formed
1974
Legal Domicile
Va
Voting Board Members
17
Independent Board Members
15
Employees
126
Volunteers
4,220

Preparer

Firm
Rsm US Llp
Address
1861 INTERNATIONAL DRIVE SUITE 400, MCLEAN, VA 22102
Preparer
Yong Zhang
Phone
7033366400
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consultants: program service expenses 2,538,928. Management and general expenses 43,618. Fundraising expenses 36,764. Total expenses 2,619,310.

FORM 990, PART XI, LINE 9:

Loss on currency value -28,170.

FORM 990, PART XII, LINE 2C:

The process for overseeing the audit of the financial statements and selection of an independent accountant that audited the financial statements has been consistent with prior years.

FORM 990, PART I, LINE 19:

The fy16 net loss of $4,754,756 was due to the use of restricted multiyear pledges secured and recorded as revenue in a prior year but expensed in the current year. Because revenue and expense are not matched in the reporting period, it is expected that some years will show net gains and other years will show net losses.

FORM 990, PART I, LINE 5:

Part i, line 5 only reflects the number of employees receiving form w-2 (126). The total number of worldwide employees is 155.

Financial Statement Notes

PART X, LINE 2:

Rare is exempt from income taxes under section 501(c)(3) of the internal revenue code (irc). Rare is subject to unrelated business income taxes under section 512 of the irc; however, in the opinion of management, no provision for income taxes is required to be made. Rare follows the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, rare may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. Management evaluated rare's tax positions and concluded that rare had taken no uncertain tax positions that require adjustment to the consolidated financial statements to comply with the provisions of this guidance. Generally, rare is no longer subject to income tax examinations by the u.s. Federal, state or local tax authorities for years before 2013.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Loss on currency value -28,170.

Raw XML AppendixShowing 400 of 1,066 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.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1769612
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1848434
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1919425
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IRS990/Form990PartVIISectionAGrp/PersonNm2DUNCAN MCFARLAND
IRS990/Form990PartVIISectionAGrp/PersonNm3LOIS MORRISON
IRS990/Form990PartVIISectionAGrp/PersonNm4JOSEPH ELLIS
IRS990/Form990PartVIISectionAGrp/PersonNm5GUSTAVO FONSECA
IRS990/Form990PartVIISectionAGrp/PersonNm6STEVE GAINES
IRS990/Form990PartVIISectionAGrp/PersonNm7BARBARA HERNANDEZ
IRS990/Form990PartVIISectionAGrp/PersonNm8SCOTT JACOBS
IRS990/Form990PartVIISectionAGrp/PersonNm9VADIM NIKITINE
IRS990/Form990PartVIISectionAGrp/PersonNm10TOM PATTERSON
IRS990/Form990PartVIISectionAGrp/PersonNm11AMANDA PAULSON
IRS990/Form990PartVIISectionAGrp/PersonNm12DOROTHY BATTEN
IRS990/Form990PartVIISectionAGrp/PersonNm13SVEN LINDBLAD
IRS990/Form990PartVIISectionAGrp/PersonNm14JOSE ROBERTO MARINHO
IRS990/Form990PartVIISectionAGrp/PersonNm15JAN PORTMAN
IRS990/Form990PartVIISectionAGrp/PersonNm16ANNE MARTIN SIMONDS
IRS990/Form990PartVIISectionAGrp/PersonNm17BRETT JENKS
IRS990/Form990PartVIISectionAGrp/PersonNm18PAUL JOHN BUTLER
IRS990/Form990PartVIISectionAGrp/PersonNm19TIMOTHY CHILDRESS
IRS990/Form990PartVIISectionAGrp/PersonNm20DALE GALVIN
IRS990/Form990PartVIISectionAGrp/PersonNm21MARTHA PIPER
IRS990/Form990PartVIISectionAGrp/PersonNm22KEITH ALGER
IRS990/Form990PartVIISectionAGrp/PersonNm23DAVID WALKER
IRS990/Form990PartVIISectionAGrp/PersonNm24NAKUL SARAN
IRS990/Form990PartVIISectionAGrp/PersonNm25KERRI HANNIGAN
IRS990/Form990PartVIISectionAGrp/PersonNm26ROBIN HELLER
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IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE & SVP
IRS990/Form990PartVIISectionAGrp/TitleTxt19CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt20MANAGING DIR., SUSTAINABLE MARKETS
IRS990/Form990PartVIISectionAGrp/TitleTxt21MANAGING DIR., GLOBAL SOLUTIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt22SVP LATIN AMERICA
IRS990/Form990PartVIISectionAGrp/TitleTxt23VP, SOCIAL MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt24VP, FISH FOREVER
IRS990/Form990PartVIISectionAGrp/TitleTxt25VP, MARKETING AND COMMUNUICATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt26VICE PRESIDENT
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IRS990/MembersOrStockholdersInd00
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0RARE INSPIRES CHANGE SO THAT BOTH PEOPLE AND NATURE THRIVE. IN THE FACE OF A GLOBAL EXTINCTION CRISIS, CLIMATE CHANGE, DWINDLING FISH STOCKS, AND DISAPPEARING FORESTS, RARE IS CHANGING BEHAVIORS AT THE LOCAL LEVEL BY TEACHING COMMUNITY LEADERS HOW TO RELATE TO NATURE IN A NON-DESTRUCTIVE MANNER AND PROVIDING ALTERNATIVES TO CURRENT PRACTICES.
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IRS990/OtherExpensesGrp/Desc0BANK FEES
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2ALLOCATION OF ADMINISTR
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011177
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16675

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Filings

Peer Organizations

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