Civic Intelligence

Talentfirst Inc Fka Talent First Inc

990 • Fiscal year 2014 • EIN 27-0193853

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 07, 2015

951 Wealthy Street SEGrand Rapids, MI 49506

(616) 451-4348

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.06x

Higher debt load relative to assets than 73% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

68th percentile

0.02x

Higher debt load relative to revenue than 68% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

36th percentile

-1.7%

Higher net margin than 36% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

98th percentile

$105,775

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 24.4% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

13th percentile

-34%

Faster asset growth than 13% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

30th percentile

-12%

Faster revenue growth than 30% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$145,692

Down $75,407 (-34%) from 2013

Net Assets

Down

$136,904

Down $7,381 (-5.1%) from 2013

Liabilities

Down

$8,788

Down $68,026 (-89%) from 2013

Revenue

Down

$434,311

Down $61,214 (-12%) from 2013

Expenses

Down

$441,692

Down $132,333 (-23%) from 2013

Net Income

Up

-$7,381

Up $71,119 (+91%) from 2013

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $283,654Liabilities 2011: $28,828Net Assets 2011: $254,8262011Assets 2013: $221,099Liabilities 2013: $76,814Net Assets 2013: $144,2852013Assets 2014: $145,692Liabilities 2014: $8,788Net Assets 2014: $136,9042014Assets 2015: $151,716Liabilities 2015: $90,927Net Assets 2015: $60,7892015Assets 2017: $98,694Liabilities 2017: $47,822Net Assets 2017: $50,8722017Assets 2018: $620,674Liabilities 2018: $456,915Net Assets 2018: $163,7592018Assets 2019: $201,988Liabilities 2019: $41,507Net Assets 2019: $160,4812019Assets 2020: $190,660Liabilities 2020: $142,143Net Assets 2020: $48,5172020Assets 2021: $274,791Liabilities 2021: $149,506Net Assets 2021: $125,2852021Assets 2022: $558,634Liabilities 2022: $466,812Net Assets 2022: $91,8222022Assets 2024: $3,213,420Liabilities 2024: $3,060,298Net Assets 2024: $153,1222024

Highlighted filing

2014

Assets$145,692
Liabilities$8,788
Net Assets$136,904

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $288,0742011Revenue 2013: $495,525Expenses 2013: $574,025Net Income 2013: -$78,5002013Revenue 2014: $434,311Expenses 2014: $441,692Net Income 2014: -$7,3812014Revenue 2015: $540,006Expenses 2015: $616,121Net Income 2015: -$76,1152015Revenue 2017: $695,542Expenses 2017: $677,081Net Income 2017: $18,4612017Revenue 2018: $1,132,273Expenses 2018: $1,019,386Net Income 2018: $112,8872018Revenue 2019: $1,109,368Expenses 2019: $1,112,646Net Income 2019: -$3,2782019Revenue 2020: $725,811Expenses 2020: $837,775Net Income 2020: -$111,9642020Revenue 2021: $702,664Expenses 2021: $625,896Net Income 2021: $76,7682021Revenue 2022: $1,080,715Expenses 2022: $1,139,055Net Income 2022: -$58,3402022Revenue 2024: $3,243,455Expenses 2024: $3,267,266Net Income 2024: -$23,8112024

Highlighted filing

2014

Revenue$434,311
Expenses$441,692
Net Income-$7,381
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 7, 2015
Return Version
2014v5.0
Gross Receipts
$434,311
Mission and Program Overview

Mission

A catalyst to ensure an ongoing supply of world class talent in west michigan. Convene and facilitate effective collaboration with stakeholders to illuminate performance gaps, evaluate solutions, and advocate for leading practices.

A catalyst to ensure an ongoing supply of world class talent in west michigan. Convene and facilitate effective collaboration with stakeholders to illuminate performance gaps, evaluate solutions and advocate for leading practices.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$76,359$71,751▼ $4,608
Savings and Temporary Cash Investments$87,878$31,470▼ $56,408
Cash and Non-Interest-Bearing Accounts$38,937$26,545▼ $12,392
Land, Buildings, and Equipment, Net$16,582$12,267▼ $4,315
Prepaid Expenses and Deferred Charges$1,343$3,659▲ $2,316
Total Assets$221,099$145,692▼ $75,407
Liabilities
Accounts Payable and Accrued Expenses$76,814$8,788▼ $68,026
Total Liabilities$76,814$8,788▼ $68,026
Net Assets / Fund Balance
Unrestricted Net Assets$144,285$136,111▼ $8,174
Temporarily Rstr Net Assets-$793-
Total Net Assets Fund Balance$144,285$136,904▼ $7,381
Total Liabilities and Net Assets / Fund Balance$221,099$145,692▼ $75,407

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$9,489$3,752$13,241
Leasehold Improvements$2,778$2,222$5,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kevin StottsPresidentFT$105,775$105,775

Board Members and Trustees

NameTitle
Fred KellerChairman
Brian HarrisVice Chair
Bruce LosDirector
David EislerDirector
Franco BianchiDirector
Ginny SeyferthDirector
Jim TeetsDirector
Sean WelshDirector
Stephanie LeonardosDirector
Roger SpoelmanSec/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$50,870
Program Service Revenue
$382,536
Investment Income
$45
Other Revenue
$860
All Other Contributions
$24,000
Change in Net Assets
$-7,381

Audited Revenue Reconciliation

Revenue per Audited Statements
$434,311
Total Revenue per Audited Statements
$434,311
Total Revenue per Form 990
$434,311
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$225,475
Salaries, Compensation, and Employee Benefits$216,217
Total Fundraising Expense$66,659
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$110,746-$14,019$124,765
Current Officers, Directors, Trustees, and Key Employees$26,444$52,887$26,444$105,775
Other Salaries and Wages$52,182$7,538$10,800$70,520
Other Employee Benefits$17,921$5,160$3,143$26,224
Fees for Services Accounting-$21,763-$21,763
Conferences and Meetings$8,059$5,988$6,497$20,544
Occupancy$4,475$14,109-$18,584
Payroll Taxes$6,058$4,707$2,933$13,698
Office Expenses$3,863$8,683$654$13,200
Travel$2,108$6,326-$8,434
Depreciation Depletion-$4,315-$4,315
Fees for Services Legal-$2,772-$2,772
Other Expenses$404$807$403$1,614
Interest-$50-$50
Total Functional Expenses$235,792$139,241$66,659$441,692

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$441,692
Total Expenses per Audited Statements$441,692
Total Expenses per Form 990$441,692
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Former PresidenContracted ServicesNo$12,000
James FisherDirectorContracted ServicesNo$9,624
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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, Page 6, Part VI, Line 11B

A copy of the 990 is submitted to the board of directors for review and approval before filing.

Form 990, Page 6, Part VI, Line 12C

A conflict of interest statement is provided to each of the board members to complete each year.

Form 990, Page 6, Part VI, Line 15A

The board chairman reviews compensation annually with the full board.

Form 990, Page 6, Part VI, Line 19

The governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Talent 2025 Inc
EIN
27-0193853
Address
951 WEALTHY STREET SE, GRAND RAPIDS, MI 49506

Signing Officer

Name
Roger Spoelman
Title
Treasurer
Signed
2015-08-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Stotts
Formed
2009
Legal Domicile
Mi
Voting Board Members
10
Independent Board Members
0
Employees
7

Preparer

Firm
H&s Companies Pc
Address
PO BOX 9, FREMONT, MI 49412
Preparer
Daniel R Slate
Phone
2319246890
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

A catalyst to ensure an ongoing supply of world class talent in west michigan. Convene and facilitate effective collaboration with stakeholders to illuminate performance gaps, evaluate solutions and advocate for leading practices.

Form 990, Part IX, Line 11G

Program expenses 110,746 0 14,019

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IRS990/PYOtherRevenueAmt0403
IRS990/PYProgramServiceRevenueAmt0325000
IRS990/PYRevenuesLessExpensesAmt0-78500
IRS990/PYSalariesCompEmpBnftPaidAmt0220469
IRS990/PYTotalExpensesAmt0574025
IRS990/PYTotalRevenueAmt0495525
IRS990/ReconcilationRevenueExpnssAmt0-7381
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt087878
IRS990/SavingsAndTempCashInvstGrp/EOYAmt031470
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS 1,592
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt050870
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0169924
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0100000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0200000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0520794
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0198
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0645
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0349
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01192
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0383441
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0325000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0301487
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0275000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0232300
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01517228
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0198
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0645
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0349
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01192
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0403
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0851
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0338
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01592
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99860
IRS990ScheduleA/PublicSupportPY509Pct00.99840
IRS990ScheduleA/PublicSupportTotal509Amt02038022
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0434311
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0494924
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0401487
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0475000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0232300
IRS990ScheduleA/Total509Grp/TotalAmt02038022
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0434311
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0495525
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0402983
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0475687
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0232300
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02040806
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/ExpensesSubtotalAmt0441692
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02778
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02222
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt05000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09489
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03752
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt013241
IRS990ScheduleD/RevenueSubtotalAmt0434311
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012267
IRS990ScheduleD/TotalExpensesPerForm990Amt0441692
IRS990ScheduleD/TotalRevenuePerForm990Amt0434311
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0434311
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0SEYFERTH PR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0JAMES FISHER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1FORMER PRESIDEN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt09624
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt112000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0CONTRACTED SERVICES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1CONTRACTED SERVICES
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0CONTRACTED SERVICES BY SEYFERTH PR FOR PROVIDING SUPPORT EFFORTS RELATED TO MEETINGS AND RESEARCH AND COMMUNICATION TOOLS, AND ALSO BY JAMES FISHER FOR PROJECT MANAGEMENT SERVICES.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A CATALYST TO ENSURE AN ONGOING SUPPLY OF WORLD CLASS TALENT IN WEST MICHIGAN. CONVENE AND FACILITATE EFFECTIVE COLLABORATION WITH STAKEHOLDERS TO ILLUMINATE PERFORMANCE GAPS, EVALUATE SOLUTIONS AND ADVOCATE FOR LEADING PRACTICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE 990 IS SUBMITTED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A CONFLICT OF INTEREST STATEMENT IS PROVIDED TO EACH OF THE BOARD MEMBERS TO COMPLETE EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD CHAIRMAN REVIEWS COMPENSATION ANNUALLY WITH THE FULL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROGRAM EXPENSES 110,746 0 14,019
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0793
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0221099
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IRS990/TotalAssetsGrp/BOYAmt0221099
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IRS990/TotalEmployeeCnt07
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0139241
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0235792
IRS990/TotalFunctionalExpensesGrp/TotalAmt0441692
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt076814
IRS990/TotalLiabilitiesEOYAmt08788
IRS990/TotalLiabilitiesGrp/BOYAmt076814
IRS990/TotalLiabilitiesGrp/EOYAmt08788
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0144285
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0136904
IRS990/TotalProgramServiceExpensesAmt0235792
IRS990/TotalProgramServiceRevenueAmt0382536
IRS990/TotalReportableCompFromOrgAmt0105775
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0383441
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0434311
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0221099

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