Civic Intelligence

Talentfirst Inc Fka Talent First Inc

990 • Fiscal year 2017 • EIN 27-0193853

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

48 Logan Street SW Ste 124Grand Rapids, MI 49503

(616) 871-2450

Siviq Scores

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

Liabilities / Assets

84th percentile

0.48x

Higher debt load relative to assets than 84% of similar nonprofits.

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

Liabilities / Revenue

60th percentile

0.07x

Higher debt load relative to revenue than 60% of similar nonprofits.

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

Net Margin

48th percentile

2.7%

Higher net margin than 48% of similar nonprofits.

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

Top Officer Pay

92nd percentile

$130,440

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 18.8% of source-year revenue.

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

Asset Growth

9th percentile

-19%

Faster asset growth than 9% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2017

Revenue Growth

64th percentile

13%

Faster revenue growth than 64% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2017

Assets

Down

$98,694

Down $53,022 (-35%) from 2015

Net Assets

Down

$50,872

Down $9,917 (-16%) from 2015

Liabilities

Down

$47,822

Down $43,105 (-47%) from 2015

Revenue

Up

$695,542

Up $155,536 (+29%) from 2015

Expenses

Up

$677,081

Up $60,960 (+9.9%) from 2015

Net Income

Up

$18,461

Up $94,576 (+124%) from 2015

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

2017

Assets$98,694
Liabilities$47,822
Net Assets$50,872

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

2017

Revenue$695,542
Expenses$677,081
Net Income$18,461
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$705,639
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$66,775$49,000▼ $17,775
Cash and Non-Interest-Bearing Accounts$24,492$35,154▲ $10,662
Savings and Temporary Cash Investments$6,891$7,153▲ $262
Land, Buildings, and Equipment, Net$4,193$3,728▼ $465
Prepaid Expenses and Deferred Charges$3,659$3,659→ $0
Total Assets$106,010$98,694▼ $7,316
Liabilities
Unsecured Notes Loans Payable-$40,000-
Other Liabilities$47,997$5,611▼ $42,386
Accounts Payable and Accrued Expenses$30,300$2,211▼ $28,089
Total Liabilities$78,297$47,822▼ $30,475
Net Assets / Fund Balance
Unrestricted Net Assets$-881$50,872▲ $51,753
Temporarily Rstr Net Assets$28,594--
Total Net Assets Fund Balance$27,713$50,872▲ $23,159
Total Liabilities and Net Assets / Fund Balance$106,010$98,694▼ $7,316

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,545$11,696$13,241
Leasehold Improvements-$5,000$5,000
Equipment$2,183$56$2,239
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kevin StottsPresidentFT$130,440$130,440

Board Members and Trustees

NameTitle
Franco BianchiCo-chair
Fred KellerCo-chair
Blake KreugerDirector
Brian HarrisDirector
Bruce LosDirector
David EislerDirector
Jim TeetsDirector
Leslie BrownDirector
Rhonda HuismannDirector
Roger SpoelmanDirector
Sean WelshDirector
Stephanie LeonardosDirector
Ginny SeyferthSecretary
Pj ThompsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$133,413
Program Service Revenue
$567,701
Investment Income
$-5,572
Other Revenue
$0
All Other Contributions
$133,413
Change in Net Assets
$18,461
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$368,486
Other Expenses$308,595
Total Fundraising Expense$96,095
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$128,987$42,996$42,996$214,979
Current Officers, Directors, Trustees, and Key Employees$78,264$26,088$26,088$130,440
Advertising$24,668-$8,223$32,891
Occupancy$7,352$23,281-$30,633
Payroll Taxes$13,840$4,614$4,613$23,067
Office Expenses$928$5,701$6,629$13,258
Travel$2,643$7,930-$10,573
Other Expenses$6,649$8,797$3,011$8,797
All Other Expenses$2,061$4,122$2,061$8,244
Fees for Services Accounting-$7,773-$7,773
Conferences and Meetings$913$419$2,474$3,806
Depreciation Depletion-$2,704-$2,704
Interest-$2,144-$2,144
Insurance$476$1,509-$1,985
Total Functional Expenses$440,022$140,964$96,095$677,081
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
Accrued Wages$4,652
Payroll Liabilities$778
Credit Card$181
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
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

An independent cpa prepares the form 990 based upon the organization's books and records, a draft 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
Phone
6168712450
Address
48 LOGAN STREET SW STE 124, GRAND RAPIDS, MI 49503

Signing Officer

Name
Kevin Stotts
Title
President
Phone
6168712450
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Stotts
Formed
2009
Legal Domicile
Mi
Voting Board Members
14
Independent Board Members
14
Employees
8
Volunteers
14

Preparer

Firm
De Boer Baumann & Company Plc
Address
355 SETTLERS ROAD, HOLLAND, MI 49423
Preparer
Anne Porter
Phone
6163961435
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.

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IRS990/NetUnrlzdGainsLossesInvstAmt04698
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt023281
IRS990/OccupancyGrp/ProgramServicesAmt07352
IRS990/OccupancyGrp/TotalAmt030633
IRS990/OfficeExpensesGrp/FundraisingAmt06629
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05701
IRS990/OfficeExpensesGrp/ProgramServicesAmt0928
IRS990/OfficeExpensesGrp/TotalAmt013258
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1MEMBERSHIP EXPENSES
IRS990/OtherExpensesGrp/Desc2TELEPHONE & WEB
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt03011
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02886
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18797
IRS990/OtherExpensesGrp/ProgramServicesAmt0141739
IRS990/OtherExpensesGrp/ProgramServicesAmt131502
IRS990/OtherExpensesGrp/ProgramServicesAmt26649
IRS990/OtherExpensesGrp/TotalAmt0141739
IRS990/OtherExpensesGrp/TotalAmt131502
IRS990/OtherExpensesGrp/TotalAmt212546
IRS990/OtherExpensesGrp/TotalAmt38797
IRS990/OtherLiabilitiesGrp/BOYAmt047997
IRS990/OtherLiabilitiesGrp/EOYAmt05611
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt042996
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt042996
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0128987
IRS990/OtherSalariesAndWagesGrp/TotalAmt0214979
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt04613
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04614
IRS990/PayrollTaxesGrp/ProgramServicesAmt013840
IRS990/PayrollTaxesGrp/TotalAmt023067
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03659
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03659
IRS990/PrincipalOfficerNm0KEVIN STOTTS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1CONTRACT SERVICE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0556650
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt111051
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0556650
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt111051
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt099484
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt061
IRS990/PYOtherExpensesAmt0356894
IRS990/PYProgramServiceRevenueAmt0549161
IRS990/PYRevenuesLessExpensesAmt0-29012
IRS990/PYSalariesCompEmpBnftPaidAmt0320824
IRS990/PYTotalExpensesAmt0677718
IRS990/PYTotalRevenueAmt0648706
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt018461
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0567701
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06891
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07153
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS 403
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0133413
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt098500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt090000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt050870
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0169924
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0542707
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt061
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0198
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0262
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0567701
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0549161
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0450006
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0383441
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0325000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02275309
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt061
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0198
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0262
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0403
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0403
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportPY509Pct00.99580
IRS990ScheduleA/PublicSupportTotal509Amt02818016
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0701114
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0647661
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0540006
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0434311
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0494924
IRS990ScheduleA/Total509Grp/TotalAmt02818016
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0701117
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0647722
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0540006
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0434311
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0495525
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02818681
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt02183
IRS990ScheduleD/EquipmentGrp/DepreciationAmt056
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02239
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05000
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt05000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01545
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011696
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt013241
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04652
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1778
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2181
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED WAGES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CREDIT CARD
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03728
IRS990ScheduleD/TotalLiabilityAmt05611
IRS990/ScheduleJRequiredInd0false
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/ExplanationTxt1AN INDEPENDENT CPA PREPARES THE FORM 990 BASED UPON THE ORGANIZATION'S BOOKS AND RECORDS, A DRAFT 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/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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false

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