Civic Intelligence

Colab

990 • Fiscal year 2017 • EIN 26-3934828

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

1100 Market Street No 100Chattanooga, TN 37402

(423) 648-2195

Siviq Scores

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

Liabilities / Assets

67th percentile

0.14x

Higher debt load relative to assets than 67% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

66th percentile

0.11x

Higher debt load relative to revenue than 66% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

4th percentile

-64%

Higher net margin than 4% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

68th percentile

$54,519

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 8.4% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

3rd percentile

-44%

Faster asset growth than 3% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

3rd percentile

-61%

Faster revenue growth than 3% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$504,601

Down $394,083 (-44%) from 2016

Net Assets

Down

$434,506

Down $403,371 (-48%) from 2016

Liabilities

Up

$70,095

Up $9,288 (+15%) from 2016

Revenue

Down

$645,403

Down $1,003,640 (-61%) from 2016

Expenses

Down

$1,057,731

Down $179,480 (-15%) from 2016

Net Income

Down

-$412,328

Down $824,160 (-200%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2016: $898,684Liabilities 2016: $60,807Net Assets 2016: $837,8772016Assets 2017: $504,601Liabilities 2017: $70,095Net Assets 2017: $434,5062017Assets 2018: $656,861Liabilities 2018: $52,081Net Assets 2018: $604,7802018Assets 2019: $711,354Liabilities 2019: $36,945Net Assets 2019: $674,4092019Assets 2020: $828,676Liabilities 2020: $25,344Net Assets 2020: $803,3322020Assets 2021: $605,928Liabilities 2021: $23,735Net Assets 2021: $582,1932021Assets 2022: $581,384Liabilities 2022: $25,180Net Assets 2022: $556,2042022Assets 2023: $662,478Liabilities 2023: $175,826Net Assets 2023: $486,6522023Assets 2024: $528,414Liabilities 2024: $234,152Net Assets 2024: $294,2622024

Highlighted filing

2017

Assets$504,601
Liabilities$70,095
Net Assets$434,506

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2016: $1,649,043Expenses 2016: $1,237,211Net Income 2016: $411,8322016Revenue 2017: $645,403Expenses 2017: $1,057,731Net Income 2017: -$412,3282017Revenue 2018: $1,055,387Expenses 2018: $885,113Net Income 2018: $170,2742018Revenue 2019: $973,825Expenses 2019: $908,453Net Income 2019: $65,3722019Revenue 2020: $969,956Expenses 2020: $833,549Net Income 2020: $136,4072020Revenue 2021: $650,371Expenses 2021: $881,110Net Income 2021: -$230,7392021Revenue 2022: $775,157Expenses 2022: $801,146Net Income 2022: -$25,9892022Revenue 2023: $1,235,028Expenses 2023: $1,304,580Net Income 2023: -$69,5522023Revenue 2024: $1,203,929Expenses 2024: $1,386,959Net Income 2024: -$183,0302024

Highlighted filing

2017

Revenue$645,403
Expenses$1,057,731
Net Income-$412,328
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$645,403
Mission and Program Overview

Mission

Colab is dedicated to accelerating startups in the greater chattanooga region in supporting companies from launch to scale. We envision an innovative, inclusive, and thriving chattanooga. We believe that entreprenuership plays a pivotal role in this vision, and it is our job to empower this daily.

To increase the viability of startups in chattanooga and the surrounding region by connecting entrepreneurs with expertise, resources, and community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$365,244$219,148▼ $146,096
Accounts Receivable$267,099$168,750▼ $98,349
Pledges and Grants Receivable$255,500$107,061▼ $148,439
Land, Buildings, and Equipment, Net$15,244$9,543▼ $5,701
Prepaid Expenses and Deferred Charges$4,554$99▼ $4,455
Total Assets$907,641$504,601▼ $403,040
Liabilities
Accounts Payable and Accrued Expenses$60,807$70,095▲ $9,288
Total Liabilities$60,807$70,095▲ $9,288
Net Assets / Fund Balance
Unrestricted Net Assets$743,603$226,727▼ $516,876
Temporarily Rstr Net Assets$103,231$207,779▲ $104,548
Total Net Assets Fund Balance$846,834$434,506▼ $412,328
Total Liabilities and Net Assets / Fund Balance$907,641$504,601▼ $403,040

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,770$42,727$45,497
Equipment$6,773$18,341$25,114
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Marcus ShawExecutive DirectorFT$54,519$54,519

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$627,312
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$18,091
All Other Contributions
$627,312
Change in Net Assets
$-412,328

Audited Revenue Reconciliation

Revenue per Audited Statements
$645,403
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$10,000
Total Revenue per Audited Statements
$655,403
Total Revenue per Form 990
$645,403
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$640,587
Other Expenses$415,944
Total Fundraising Expense$98,606
Professional Fundraising Fees$1,200
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$363,692$102,815$74,040$540,547
Fees for Services Other$110,201$1,490-$111,691
Travel$84,395--$84,395
Occupancy$34,229$14,807$6,968$56,004
Current Officers, Directors, Trustees, and Key Employees-$54,519-$54,519
Payroll Taxes$27,821$12,036$5,664$45,521
Insurance$27,370$11,840$5,572$44,782
Advertising$16,230--$16,230
Office Expenses$7,489$3,240$1,525$12,254
Conferences and Meetings$10,850--$10,850
Depreciation Depletion$4,966$2,148$1,011$8,125
All Other Expenses$3,854$1,236$441$5,531
Other Expenses$3,304$1,429$673$5,406
Fees for Services Professional Fundraising--$1,200$1,200
Total Functional Expenses$750,353$208,772$98,606$1,057,731

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,067,731
Expenses per Audited Statements$1,057,731
Total Expenses per Form 990$1,057,731
Expenses Not Reported on Form 990$10,000
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$1,200
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
Yes
Audit committee
No
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
No
Other officer compensation reviewed
No
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 11B

Form 990 is prepared by an independent cpa firm and is reviewed by the board prior to being filed.

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

The conflict of interest policy is reviewed annually. In the event of a conflict, the individual with conflicting interests is asked to recuse him or herself from voting.

Form 990, Part VI, Section C, Line 19

All governing documents, conflict of interest policy, financial statements, and 990 are available upon request at the organization's office.

Filing and Contact Details

Filer

Filer Name
Colab
EIN
26-3934828
Phone
4236482195
Address
1100 MARKET STREET NO 100, CHATTANOOGA, TN 37402

Signing Officer

Name
Marcus Shaw
Title
Executive Director
Phone
4236482195
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marcus Shaw
Formed
2008
Legal Domicile
Tn
Voting Board Members
15
Independent Board Members
14
Employees
16
Volunteers
50

Preparer

Firm
Elliott Davis Llcpllc
Address
629 MARKET STREET SUITE 100, CHATTANOOGA, TN 37402
Preparer
Rebecca C Shoemake
Phone
4237567100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional and contract fees: program service expenses 93,763. Management and general expenses 1,490. Fundraising expenses 0. Total expenses 95,253. Professional development: program service expenses 16,438. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,438.

Financial Statement Notes

PART X, LINE 2:

Colab qualifies as a tax-exempt organization under internal revenue code section 501(c)(3) and, accordingly, is exempt from federal and state income taxes. The organization's federal exempt income tax returns are subject to examination by the internal revenue service, generally for three years after they are filed.

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IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0FESTIVAL EXPENSE
IRS990/OtherExpensesGrp/Desc1POSTAGE AND PRINTING
IRS990/OtherExpensesGrp/Desc2DUES AND LICENSES
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/FundraisingAmt01512
IRS990/OtherExpensesGrp/FundraisingAmt1673
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03212
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11429
IRS990/OtherExpensesGrp/ProgramServicesAmt025373
IRS990/OtherExpensesGrp/ProgramServicesAmt123150
IRS990/OtherExpensesGrp/ProgramServicesAmt27429
IRS990/OtherExpensesGrp/ProgramServicesAmt33304
IRS990/OtherExpensesGrp/TotalAmt025373
IRS990/OtherExpensesGrp/TotalAmt123150
IRS990/OtherExpensesGrp/TotalAmt212153
IRS990/OtherExpensesGrp/TotalAmt35406
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0REIMBURSED EXPENSES
IRS990/OtherRevenueMiscGrp/Desc1BAD DEBT RECOVERY
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt011091
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt17000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt011091
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt17000
IRS990/OtherRevenueTotalAmt018091
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt074040
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0102815
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0363692
IRS990/OtherSalariesAndWagesGrp/TotalAmt0540547
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt05664
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012036
IRS990/PayrollTaxesGrp/ProgramServicesAmt027821
IRS990/PayrollTaxesGrp/TotalAmt045521
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0255500
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0107061
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04554
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt099
IRS990/PrincipalOfficerNm0MARCUS SHAW
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01265560
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0176395
IRS990/PYOtherExpensesAmt0646792
IRS990/PYOtherRevenueAmt016777
IRS990/PYProgramServiceRevenueAmt0190311
IRS990/PYRevenuesLessExpensesAmt0411832
IRS990/PYSalariesCompEmpBnftPaidAmt0587504
IRS990/PYTotalExpensesAmt01237211
IRS990/PYTotalProfFndrsngExpnsAmt02915
IRS990/PYTotalRevenueAmt01649043
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-412328
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt018091
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0365244
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0219148
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0627312
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01265560
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01092711
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0583376
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0664828
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04233787
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt053
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt053
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt018091
IRS990ScheduleA/OtherIncome170Grp/TotalAmt018091
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.51230
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt02178193
IRS990ScheduleA/SubstantialContributorsTotAmt02055594
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0627312
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01265560
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01092711
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0583376
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0664828
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04233787
IRS990ScheduleA/TotalSupportAmt04251931
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt010000
IRS990ScheduleD/DonatedServicesUseFcltsAmt010000
IRS990ScheduleD/EquipmentGrp/BookValueAmt06773
IRS990ScheduleD/EquipmentGrp/DepreciationAmt018341
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt025114
IRS990ScheduleD/ExpensesNotReportedAmt010000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01057731
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02770
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt042727
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt045497
IRS990ScheduleD/RevenueNotReportedAmt010000
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0645403
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0COLAB QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION'S FEDERAL EXEMPT INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09543
IRS990ScheduleD/TotalExpensesPerForm990Amt01057731
IRS990ScheduleD/TotalRevenuePerForm990Amt0645403
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0655403
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01067731
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND IS REVIEWED BY THE BOARD PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY. IN THE EVENT OF A CONFLICT, THE INDIVIDUAL WITH CONFLICTING INTERESTS IS ASKED TO RECUSE HIM OR HERSELF FROM VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND 990 ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROFESSIONAL AND CONTRACT FEES: PROGRAM SERVICE EXPENSES 93,763. MANAGEMENT AND GENERAL EXPENSES 1,490. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 95,253. PROFESSIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 16,438. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,438.
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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0103231
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0207779
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0907641
IRS990/TotalAssetsEOYAmt0504601
IRS990/TotalAssetsGrp/BOYAmt0907641
IRS990/TotalAssetsGrp/EOYAmt0504601
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0627312
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt098606

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