Civic Intelligence

Mustard Seed Associates

990 • Fiscal year 2022 • EIN 27-0060215

Jan 01, 2022 to Dec 31, 2022 • Filed on Aug 18, 2023

848 N Sunrise Blvd Ste B Pmb 150Camano Island, WA 98282

(206) 319-5224

Siviq Scores

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

Liabilities / Assets

35th percentile

0.02x

Higher debt load relative to assets than 35% of similar nonprofits.

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

Liabilities / Revenue

51st percentile

0.09x

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

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

Net Margin

70th percentile

20%

Higher net margin than 70% of similar nonprofits.

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

Top Officer Pay

43rd percentile

$26,101

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 8.8% of source-year revenue.

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

Asset Growth

61st percentile

6.2%

Faster asset growth than 61% of similar nonprofits.

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

Revenue Growth

85th percentile

63%

Faster revenue growth than 85% of similar nonprofits.

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

Assets

Up

$1,453,562

Up $84,718 (+6.2%) from 2021

Net Assets

Up

$1,427,209

Up $59,445 (+4.3%) from 2021

Liabilities

Up

$26,353

Up $25,273 (+2340%) from 2021

Revenue

Up

$295,471

Up $113,695 (+63%) from 2021

Expenses

Down

$236,026

Down $9,271 (-3.8%) from 2021

Net Income

Up

$59,445

Up $122,966 (+194%) from 2021

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $16,036Liabilities 2010: $1,125Net Assets 2010: $14,9112010Assets 2011: $165,420Liabilities 2011: $1,797Net Assets 2011: $163,6232011Assets 2012: $281,624Liabilities 2012: $1,800Net Assets 2012: $279,8242012Assets 2014: $337,290Liabilities 2014: $1,802Net Assets 2014: $335,4882014Assets 2015: $343,635Liabilities 2015: $1,799Net Assets 2015: $341,8362015Assets 2016: $341,249Liabilities 2016: $1,798Net Assets 2016: $339,4512016Assets 2017: $524,408Liabilities 2017: $255Net Assets 2017: $524,1532017Assets 2018: $593,574Liabilities 2018: $108Net Assets 2018: $593,4662018Assets 2019: $692,282Liabilities 2019: $616Net Assets 2019: $691,6662019Assets 2020: $1,782,022Liabilities 2020: $350,737Net Assets 2020: $1,431,2852020Assets 2021: $1,368,844Liabilities 2021: $1,080Net Assets 2021: $1,367,7642021Assets 2022: $1,453,562Liabilities 2022: $26,353Net Assets 2022: $1,427,2092022Assets 2024: $2,093,448Liabilities 2024: $1,750Net Assets 2024: $2,091,6982024

Highlighted filing

2022

Assets$1,453,562
Liabilities$26,353
Net Assets$1,427,209

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2010: $93,711Expenses 2010: $88,972Net Income 2010: $4,7392010Expenses 2011: $82,1022011Revenue 2012: $193,307Expenses 2012: $77,105Net Income 2012: $116,2022012Revenue 2014: $108,106Expenses 2014: $66,862Net Income 2014: $41,2442014Revenue 2015: $76,155Expenses 2015: $69,811Net Income 2015: $6,3442015Revenue 2016: $78,047Expenses 2016: $80,433Net Income 2016: -$2,3862016Revenue 2017: $229,114Expenses 2017: $44,412Net Income 2017: $184,7022017Revenue 2018: $136,075Expenses 2018: $66,762Net Income 2018: $69,3132018Revenue 2019: $176,971Expenses 2019: $78,771Net Income 2019: $98,2002019Revenue 2020: $896,777Expenses 2020: $157,158Net Income 2020: $739,6192020Revenue 2021: $181,776Expenses 2021: $245,297Net Income 2021: -$63,5212021Revenue 2022: $295,471Expenses 2022: $236,026Net Income 2022: $59,4452022Revenue 2024: $811,574Expenses 2024: $252,116Net Income 2024: $559,4582024

Highlighted filing

2022

Revenue$295,471
Expenses$236,026
Net Income$59,445
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 18, 2023
Return Version
2022v5.0
Gross Receipts
$295,471
Mission and Program Overview

Mission

Mustard seed associates' mission is to empower christians care for the earth in ways that deepen their faith and contribute to the comprehensive flourishing of the world.

Circlewood's mission is to accelerate the greening of faith.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$863,000$863,000→ $0
Savings and Temporary Cash Investments$293,086$238,727▼ $54,359
Cash and Non-Interest-Bearing Accounts$14,100$-8,300▼ $22,400
Total Assets$1,368,844$1,453,562▲ $84,718
Other Assets Total$198,658$360,135▲ $161,477
Liabilities
Other Liabilities-$25,000-
Accounts Payable and Accrued Expenses$1,080$1,353▲ $273
Total Liabilities$1,080$26,353▲ $25,273
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,147,566$1,281,295▲ $133,729
Net Assets With Donor Restrictions$220,198$145,914▼ $74,284
Total Net Assets Fund Balance$1,367,764$1,427,209▲ $59,445
Total Liabilities and Net Assets / Fund Balance$1,368,844$1,453,562▲ $84,718

Asset Categories

AssetBook ValueDepreciationBasis
Land$863,000-$863,000
Other Assets Org$-37--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Louise ConnerSecretary$26,101$26,101

Board Members and Trustees

NameTitle
Glenn PalmbergBoard Chair
Beth KnoxBoard Member
Kathy HolmgrenBoard Member
Lenore Three StarsBoard Member
Tom RuebelBoard Member
Tim HedbergTreasurer/vi
Revenue and Support

Revenue Composition

Contributions and Grants
$294,748
Program Service Revenue
$66
Investment Income
$657
Other Revenue
$0
All Other Contributions
$275,071
Change in Net Assets
$59,445
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$180,750
Other Expenses$55,276
Total Fundraising Expense$29,523
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$63,746$13,568$6,368$83,682
Current Officers, Directors, Trustees, and Key Employees$49,710$24,855$8,285$82,850
Fees for Services Other$5,682$13,260$3,374$22,316
Payroll Taxes$9,383$3,555$1,280$14,218
All Other Expenses$1,345$757$430$2,532
Other Expenses$2,070$5,225$9,577$2,070
Insurance-$1,890-$1,890
Office Expenses-$886$209$1,095
Conferences and Meetings-$127-$127
Total Functional Expenses$131,936$74,567$29,523$236,026
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
Refundable Advance$25,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The 990 was reviewed and approved by several board members who approved glenn palmberg, board chairman, to sign the return.

Form 990, Page 6, Part VI, Line 19

Governing documents are provided upon request.

Filing and Contact Details

Filer

Filer Name
Circlewood
EIN
27-0060215
Phone
2063195224
Address
848 N SUNRISE BLVD STE B PMB 150, CAMANO ISLAND, WA 98282

Signing Officer

Name
Glenn Palmberg
Title
Board Chair
Phone
2065242112
Signed
2023-08-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Glenn Palmberg
Formed
2003
Legal Domicile
Wa
Voting Board Members
7
Independent Board Members
7
Employees
4
Volunteers
75

Preparer

Firm
The Hagen Firm Pllc
Address
110 3RD AVE N STE 201, EDMONDS, WA 98020
Preparer
Brent W Hagen
Phone
4257715556
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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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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt094800
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0591421
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/LandGrp/BookValueAmt0863000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0863000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0360172
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1-37
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN-PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1UNCATEGORIZED
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REFUNDABLE ADVANCE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0863000
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0360135
IRS990ScheduleD/TotalLiabilityAmt025000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 WAS REVIEWED AND APPROVED BY SEVERAL BOARD MEMBERS WHO APPROVED GLENN PALMBERG, BOARD CHAIRMAN, TO SIGN THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS ARE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt0294748
IRS990/TotalEmployeeCnt04
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt074567
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0131936
IRS990/TotalFunctionalExpensesGrp/TotalAmt0236026
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01080
IRS990/TotalLiabilitiesEOYAmt026353
IRS990/TotalLiabilitiesGrp/BOYAmt01080
IRS990/TotalLiabilitiesGrp/EOYAmt026353
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01367764
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IRS990/TotalProgramServiceExpensesAmt0131936
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0295471
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01453562
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0CIRCLEWOOD.ONLINE
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GLENN PALMBERG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum02065242112
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-08-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CIRCLEWOOD
ReturnHeader/Filer/BusinessNameControlTxt0CIRC
ReturnHeader/Filer/EIN0270060215
ReturnHeader/Filer/PhoneNum02063195224
ReturnHeader/Filer/USAddress/AddressLine1Txt0848 N SUNRISE BLVD STE B PMB 150
ReturnHeader/Filer/USAddress/CityNm0CAMANO ISLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098282
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0911942431
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THE HAGEN FIRM PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0110 3RD AVE N STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EDMONDS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd098020
ReturnHeader/PreparerPersonGrp/PhoneNum04257715556
ReturnHeader/PreparerPersonGrp/PreparationDt02023-08-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRENT W HAGEN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-08-23T11:51:54-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GLENN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PALMBERG
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.09$0.00$2.09$0.81$0.25$0.56
2022Detailed filing. Detailed filing data is available for this year.$1.45$0.03$1.43$0.30$0.24$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.37$0.00$1.37$0.18$0.25$0.06
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.78$0.35$1.43$0.90$0.16$0.74
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.00$0.69$0.18$0.08$0.10
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.00$0.59$0.14$0.07$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.52$0.00$0.52$0.23$0.04$0.18
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.34$0.00$0.34$0.08$0.08$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.34$0.00$0.34$0.08$0.07$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.34$0.00$0.34$0.11$0.07$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.00$0.28$0.19$0.08$0.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.00$0.16$0.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.00$0.01$0.09$0.09$0.00