Civic Intelligence

The Community Empowerment Fund

990 • Fiscal year 2016 • EIN 27-0428981

Jan 01, 2016 to Dec 31, 2016 • Filed on May 11, 2017

Organization Profilecommunityempowermentfund.org
208 N Columbia St Suite 100Chapel Hill, NC 27514

(919) 200-0233

Siviq Scores

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

Liabilities / Assets

84th percentile

0.27x

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

2016 filings • NTEE S20 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

86th percentile

0.32x

Higher debt load relative to revenue than 86% of similar nonprofits.

2016 filings • NTEE S20 • <$500k nonprofits • Source year 2016

Net Margin

20th percentile

-14%

Higher net margin than 20% of similar nonprofits.

2016 filings • NTEE S20 • <$500k nonprofits • Source year 2016

Top Officer Pay

88th percentile

$38,928

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 10.7% of source-year revenue.

2016 filings • NTEE S20 • <$500k nonprofits • Source year 2016

Asset Growth

55th percentile

4.8%

Faster asset growth than 55% of similar nonprofits.

2016 filings • NTEE S20 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

25th percentile

-14%

Faster revenue growth than 25% of similar nonprofits.

2016 filings • NTEE S20 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$425,683

Up $19,524 (+4.8%) from 2015

Net Assets

Down

$308,678

Down $52,578 (-15%) from 2015

Liabilities

Up

$117,005

Up $72,102 (+161%) from 2015

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin20th percentile

Revenue

Down

$362,785

Down $60,879 (-14%) from 2015

Expenses

Up

$415,363

Up $138,253 (+50%) from 2015

Net Income

Down

-$52,578

Down $199,132 (-136%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2014: $265,987Liabilities 2014: $132,332Net Assets 2014: $133,6552014Assets 2015: $406,159Liabilities 2015: $44,903Net Assets 2015: $361,2562015Assets 2016: $425,683Liabilities 2016: $117,005Net Assets 2016: $308,6782016Assets 2017: $510,499Liabilities 2017: $121,549Net Assets 2017: $388,9502017Assets 2018: $678,496Liabilities 2018: $134,939Net Assets 2018: $543,5572018Assets 2019: $732,693Liabilities 2019: $109,566Net Assets 2019: $623,1272019Assets 2020: $1,014,545Liabilities 2020: $215,508Net Assets 2020: $799,0372020Assets 2021: $1,301,255Liabilities 2021: $150,291Net Assets 2021: $1,150,9642021Assets 2022: $2,439,677Liabilities 2022: $609,366Net Assets 2022: $1,830,3112022Assets 2023: $2,446,988Liabilities 2023: $386,845Net Assets 2023: $2,060,1432023Assets 2024: $3,021,882Liabilities 2024: $241,968Net Assets 2024: $2,779,9142024

Highlighted filing

2016

Assets$425,683
Liabilities$117,005
Net Assets$308,678
Open 2016 Filing

Operations Trend

Revenue Growth25th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2014: $195,294Expenses 2014: $156,957Net Income 2014: $38,3372014Revenue 2015: $423,664Expenses 2015: $277,110Net Income 2015: $146,5542015Revenue 2016: $362,785Expenses 2016: $415,363Net Income 2016: -$52,5782016Revenue 2017: $528,700Expenses 2017: $448,428Net Income 2017: $80,2722017Revenue 2018: $671,768Expenses 2018: $517,161Net Income 2018: $154,6072018Revenue 2019: $768,944Expenses 2019: $712,686Net Income 2019: $56,2582019Revenue 2020: $1,099,843Expenses 2020: $923,933Net Income 2020: $175,9102020Revenue 2021: $1,176,233Expenses 2021: $824,306Net Income 2021: $351,9272021Revenue 2022: $1,553,814Expenses 2022: $874,467Net Income 2022: $679,3472022Revenue 2023: $1,907,132Expenses 2023: $1,677,300Net Income 2023: $229,8322023Revenue 2024: $756,781Expenses 2024: $887,010Net Income 2024: -$130,2292024

Highlighted filing

2016

Revenue$362,785
Expenses$415,363
Net Income-$52,578
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 11, 2017
Return Version
2016v3.0
Gross Receipts
$362,785
Mission and Program Overview

Mission

To cultivate opportunities, assets and communities that support the alleviation of homelessness and poverty.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$335,705$245,616▼ $90,089
Savings and Temporary Cash Investments$48,401$156,001▲ $107,600
Accounts Receivable$17,132$10,165▼ $6,967
Land, Buildings, and Equipment, Net$1,297$7,841▲ $6,544
Inventories for Sale or Use$1,474$2,493▲ $1,019
Prepaid Expenses and Deferred Charges$175$2,442▲ $2,267
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$406,159$425,683▲ $19,524
Other Assets Total$1,975$1,125▼ $850
Liabilities
Escrow Account Liability$42,251$87,626▲ $45,375
Other Liabilities$2,652$29,379▲ $26,727
Total Liabilities$44,903$117,005▲ $72,102
Net Assets / Fund Balance
Unrestricted Net Assets$311,854$279,902▼ $31,952
Temporarily Rstr Net Assets$49,402$28,776▼ $20,626
Total Net Assets Fund Balance$361,256$308,678▼ $52,578
Total Liabilities and Net Assets / Fund Balance$406,159$425,683▲ $19,524

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$6,980$500$7,480
Other Land Buildings$861$1,289$2,150
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jonathan YoungCo-DirectorFT$38,928$38,928
Maggie WestCo-DirectorFT$38,928$38,928
Janet XiaoCo-DirectorFT$31,110$31,110

Board Members and Trustees

NameTitle
Eric BreitChair
Stephanie Barnes-SimmsVice-Chair
Bebe SmithDirector
Hayes McManeminDirector
Heather HuntDirector
Martin FriedmanDirector
Robert MumfordDirector
Sherry KinlawDirector
Tabitha BlackwellDirector
John HessSecretary
Jennifer SherwinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$321,593
Program Service Revenue
$0
Investment Income
$246
Other Revenue
$40,946
All Other Contributions
$298,819
Change in Net Assets
$-52,578

Audited Revenue Reconciliation

Revenue per Audited Statements
$362,785
Total Revenue per Audited Statements
$362,785
Total Revenue per Form 990
$362,785
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$263,010
Other Expenses$152,353
Total Fundraising Expense$25,239
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$121,563$4,109$101$125,773
Current Officers, Directors, Trustees, and Key Employees$80,710$12,841$15,415$108,966
Occupancy$46,071$3,351$2,553$51,975
Payroll Taxes$21,365$1,987$1,491$24,843
All Other Expenses$11,422$1,464$1,966$14,852
Fees for Services Accounting-$8,566-$8,566
Other Expenses$4,152$366$1,304$5,822
Other Employee Benefits$2,948$274$206$3,428
Information Technology$2,397$486$56$2,939
Travel$1,947$87$69$2,103
Insurance$961$514$67$1,542
Depreciation Depletion$805$75$56$936
Advertising--$350$350
Fees for Services Other$134$12$9$155
Total Functional Expenses$353,865$36,259$25,239$415,363

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$415,363
Total Expenses per Audited Statements$415,363
Total Expenses per Form 990$415,363
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued expenses$16,424
Refundable Advance$7,875
Accrued Vacation$5,080
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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, Line 11B: Form 990 Review Process

“All members of the Board of Directors are provided with a copy of the Form 990 electronically for their review, requesting written authorization before submission of the document.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The Governance Committee of the Board of Directors reviews the conflict of interest policy regularly for any updates to the policy, and incorporates signing of the conflict of interest disclosure forms and collection of these forms into the Annual Meeting of the Board of Directors.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“To determine compensation for the organization's top management official and key employees of the organization, the Board of Directors, made up of independent persons, evaluated information about comparable compensation and deliberated to determine the appropriate compensation range for the organization. Documentation and deliberation is recorded in meeting minutes of the Board.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“To determine compensation for the organization's top management official and key employees of the organization, the Board of Directors, made up of independent persons, evaluated information about comparable compensation and deliberated to determine the appropriate compensation range for the organization. Documentation and deliberation is recorded in meeting minutes of the Board.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“By request or on website.”

Filing and Contact Details

Filer

Filer Name
Community Empowerment Fund
EIN
27-0428981
Phone
9192000233
Address
208 N Columbia St Suite 100, Chapel Hill, NC 27514

Signing Officer

Name
Jennifer Sherwin
Title
Treasurer
Signed
2017-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Breit
Formed
2010
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
11
Employees
19
Volunteers
249

Preparer

Firm
Thomas & Gibbs Cpas Pllc
Address
6114 FAYETTEVILLE RD STE 101, DURHAM, NC 27713-6284
Preparer
Kenneth D Gibbs
Phone
9195440555
Supplemental Narrative

Financial Statement Notes

Part IV, Line 2B: Explanation of escrow account liability

“Low Income clients who participate in CEF's savings program make deposits towards their savings goals which are held in escrow until the client meets his or her savings goal.”

Part X : FIN48 Footnote

“The Fund files IRS Form 990. Generally accepted accounting principles provide accounting and disclosure guidance about positions taken by the Fund in its tax returns that might be uncertain. The Fund recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Management of the Fund does not believe the financial statements include any uncertain tax positions and determined that no material uncertain tax positions qualify for either recognition or disclosure in the financial statements. The statute of limitations for the Funds Forms 990 for years ending December 31, 2013 through December 31, 2015 remains open at December 31, 2016.”

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IRS990/InformationTechnologyGrp/ProgramServicesAmt02397
IRS990/InformationTechnologyGrp/TotalAmt02939
IRS990/InsuranceGrp/FundraisingAmt067
IRS990/InsuranceGrp/ManagementAndGeneralAmt0514
IRS990/InsuranceGrp/ProgramServicesAmt0961
IRS990/InsuranceGrp/TotalAmt01542
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
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IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt07841
IRS990/LandBldgEquipCostOrOtherBssAmt09630
IRS990/LegalDomicileStateCd0NC
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IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0To cultivate opportunities, assets and communities that support the alleviation of homelessness and poverty.
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IRS990/NetAssetsOrFundBalancesEOYAmt0308678
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoncashContributionsAmt022978
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt02553
IRS990/OccupancyGrp/ManagementAndGeneralAmt03351
IRS990/OccupancyGrp/ProgramServicesAmt046071
IRS990/OccupancyGrp/TotalAmt051975
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
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IRS990/OtherAssetsTotalGrp/EOYAmt01125
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0206
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0274
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02948
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03428
IRS990/OtherExpensesGrp/Desc0Reimbursable Expenses
IRS990/OtherExpensesGrp/Desc1In-kind
IRS990/OtherExpensesGrp/Desc2Contract Services
IRS990/OtherExpensesGrp/Desc3Supplies and Materials
IRS990/OtherExpensesGrp/FundraisingAmt01235
IRS990/OtherExpensesGrp/FundraisingAmt1361
IRS990/OtherExpensesGrp/FundraisingAmt21304
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01646
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1481
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2366
IRS990/OtherExpensesGrp/ProgramServicesAmt025969
IRS990/OtherExpensesGrp/ProgramServicesAmt120097
IRS990/OtherExpensesGrp/ProgramServicesAmt213324
IRS990/OtherExpensesGrp/ProgramServicesAmt34152
IRS990/OtherExpensesGrp/TotalAmt025969
IRS990/OtherExpensesGrp/TotalAmt122978
IRS990/OtherExpensesGrp/TotalAmt214166
IRS990/OtherExpensesGrp/TotalAmt35822
IRS990/OtherLiabilitiesGrp/BOYAmt02652
IRS990/OtherLiabilitiesGrp/EOYAmt029379
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0101
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt04109
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0121563
IRS990/OtherSalariesAndWagesGrp/TotalAmt0125773
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01491
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01987
IRS990/PayrollTaxesGrp/ProgramServicesAmt021365
IRS990/PayrollTaxesGrp/TotalAmt024843
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0175
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02442
IRS990/PrincipalOfficerNm0Eric Breit
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0Financial Literacy - Provided 260 low-income individuals with financial literacy education, job readiness training and relationship based support for achieving greater financial stability.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt039277
IRS990/ProgSrvcAccomActy3Grp/Desc0Matched Savings accounts - Enabled 210 homeless and near-homeless individuals to save over $220,000 cumulatively towards personal savings goals by providing goal-oriented, matched savings accounts and personalized money management assistance.
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IRS990/PYInvestmentIncomeAmt078
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IRS990/PYOtherExpensesAmt094290
IRS990/PYOtherRevenueAmt017592
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt048401
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0156001
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0292216
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0377497
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0236819
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0108817
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt089114
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IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt078
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt040
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt033
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0114
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0511
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.62370
IRS990ScheduleA/PublicSupportPY170Pct00.64860

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$425,683
Liabilities
$117,005
Net assets
$308,678
Revenue
$362,785
Expenses
$415,363
Net income
-$52,578
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.02$0.24$2.78$0.76$0.89$0.13
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.45$0.39$2.06$1.91$1.68$0.23
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.44$0.61$1.83$1.55$0.87$0.68
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.30$0.15$1.15$1.18$0.82$0.35
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$0.22$0.80$1.10$0.92$0.18
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.73$0.11$0.62$0.77$0.71$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$0.13$0.54$0.67$0.52$0.15
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.51$0.12$0.39$0.53$0.45$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.43$0.12$0.31$0.36$0.42$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.41$0.04$0.36$0.42$0.28$0.15
2014Detailed filing. Detailed filing data is available for this year.$0.27$0.13$0.13$0.20$0.16$0.04