Civic Intelligence

Sfmv Inc.

990 • Fiscal year 2014 • EIN 27-0926743

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 12, 2015

1420 State StreetSarasota, FL 34236

(941) 378-8435

Siviq Scores

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

Liabilities / Assets

81st percentile

0.21x

Higher debt load relative to assets than 81% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.01x

Higher debt load relative to revenue than 55% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Net Margin

47th percentile

1.8%

Higher net margin than 47% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Top Officer Pay

86th percentile

$48,519

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 21.8% of source-year revenue.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Asset Growth

92nd percentile

64%

Faster asset growth than 92% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

71st percentile

13%

Faster revenue growth than 71% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$8,924

Up $3,470 (+64%) from 2013

Net Assets

Up

$7,052

Up $3,917 (+125%) from 2013

Liabilities

Down

$1,872

Down $447 (-19%) from 2013

Revenue

Up

$222,538

Up $25,334 (+13%) from 2013

Expenses

Up

$218,621

Up $22,482 (+11%) from 2013

Net Income

Up

$3,917

Up $2,852 (+268%) from 2013

Historical Trend

Balance Sheet Trend

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

$100K$50K$0-$50KAssets 2010: $6,204Liabilities 2010: $1,154Net Assets 2010: $5,0502010Assets 2012: $3,553Liabilities 2012: $1,483Net Assets 2012: $2,0702012Assets 2013: $5,454Liabilities 2013: $2,319Net Assets 2013: $3,1352013Assets 2014: $8,924Liabilities 2014: $1,872Net Assets 2014: $7,0522014Assets 2016: $4,356Liabilities 2016: $1,814Net Assets 2016: $2,5422016Assets 2017: $3,546Liabilities 2017: $1,817Net Assets 2017: $1,7292017Assets 2018: $1,386Liabilities 2018: $3,332Net Assets 2018: -$1,9462018Assets 2019: $556Liabilities 2019: $2,580Net Assets 2019: -$2,0242019Assets 2020: $969Liabilities 2020: $19,065Net Assets 2020: -$18,0962020Assets 2021: $66,566Liabilities 2021: $806Net Assets 2021: $65,7602021Assets 2022: $81,086Liabilities 2022: $955Net Assets 2022: $80,1312022Assets 2023: $61,854Liabilities 2023: $792Net Assets 2023: $61,0622023Assets 2024: $28,935Liabilities 2024: $407Net Assets 2024: $28,5282024

Highlighted filing

2014

Assets$8,924
Liabilities$1,872
Net Assets$7,052

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2010: $107,821Expenses 2010: $109,872Net Income 2010: -$2,0512010Revenue 2012: $175,534Expenses 2012: $175,985Net Income 2012: -$4512012Revenue 2013: $197,204Expenses 2013: $196,139Net Income 2013: $1,0652013Revenue 2014: $222,538Expenses 2014: $218,621Net Income 2014: $3,9172014Revenue 2016: $182,512Expenses 2016: $189,623Net Income 2016: -$7,1112016Revenue 2017: $194,221Expenses 2017: $195,034Net Income 2017: -$8132017Revenue 2018: $221,563Expenses 2018: $225,238Net Income 2018: -$3,6752018Revenue 2019: $186,412Expenses 2019: $186,490Net Income 2019: -$782019Revenue 2020: $131,493Expenses 2020: $147,565Net Income 2020: -$16,0722020Revenue 2021: $232,360Expenses 2021: $148,504Net Income 2021: $83,8562021Revenue 2022: $175,430Expenses 2022: $161,059Net Income 2022: $14,3712022Revenue 2023: $192,308Expenses 2023: $211,377Net Income 2023: -$19,0692023Revenue 2024: $190,739Expenses 2024: $223,273Net Income 2024: -$32,5342024

Highlighted filing

2014

Revenue$222,538
Expenses$218,621
Net Income$3,917
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 12, 2015
Return Version
2014v5.0
Gross Receipts
$224,480
Mission and Program Overview

Mission

To provide an organized venue and a structured organization for the members to market and sell their products to the sarasota community in the downtown sarasota area.

The organization is committed to continuing the 30-year tradition of enhancing and improving the quality of life in sarasota. Our mission is to create a social opportunity for residents and visitors to gather and interact, to bring foot traffic to downtown sarasota sustaining the economic viability of the entire downtown area, and to provide a venue for other not for profit organizations benefiting sarasota. Inherent in our mission is educating consumers and sharing knowledge about the products and services of local farmers, local businesses, and local artisans.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,026$4,281▼ $745
Cash and Non-Interest-Bearing Accounts$75$4,279▲ $4,204
Accounts Receivable$53--
Total Assets$5,454$8,924▲ $3,470
Other Assets Total$300$364▲ $64
Liabilities
Other Liabilities$1,601$1,872▲ $271
Accounts Payable and Accrued Expenses$718--
Total Liabilities$2,319$1,872▼ $447
Net Assets / Fund Balance
Unrestricted Net Assets$3,135$7,052▲ $3,917
Total Net Assets Fund Balance$3,135$7,052▲ $3,917
Total Liabilities and Net Assets / Fund Balance$5,454$8,924▲ $3,470

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,281$931$5,212
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Phil PaganoManagerFT$48,519$48,519

Board Members and Trustees

NameTitle
Brian GlassmoyerChairman
Travis KinseyVice Chair
Donna RebhanDirector
Henry FordDirector
Jan BullardDirector
Jerry LevinDirector
Larisa ByelyDirector
Peter BurkardDirector
Sean DuadeDirector
Terry HartDirector
Vaughn DufourDirector
Mike HeadlySecretary
Alan HowesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$907
Program Service Revenue
$217,096
Investment Income
$0
Other Revenue
$4,535
All Other Contributions
$907
Change in Net Assets
$3,917
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$136,846
Salaries, Compensation, and Employee Benefits$81,775
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$48,519
Advertising---$37,356
Other Salaries and Wages---$27,204
Occupancy---$24,372
All Other Expenses---$9,847
Other Expenses---$6,151
Payroll Taxes---$6,052
Office Expenses---$4,990
Fees for Services Accounting---$4,785
Insurance---$3,248
Information Technology---$1,843
Depreciation Depletion---$745
Fees for Services Other---$634
Total Functional Expenses$0$0$0$218,621
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sales Tax Payable$1,063
Payroll Tax Payable$809
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Membership and voting privileges shall accrue to those vendors who have been approved by the board to participate in the market. Each vendor receives one vote. A vendor may be an individual, farm, or business who by abiding by all of the corporation's rules, policies and procedures shall be considered in good standing.

Form 990, Part VI, Section A, Line 7A

Members are invited to an annual meeting where the board is elected.

Form 990, Part VI, Section A, Line 7B

Members are invited to an annual meeting and any changes to the by-laws are approved.

Form 990, Part VI, Section A, Line 8B

No committee has governing authority. All board meetings are recorded and all decisions are made by the board of directors.

Form 990, Part VI, Section B, Line 11

Tax return is prepared by a cpa and reviewed by the board chairman. It is then given to all board members for questions and approval.

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

Board members sign a new conflict of interest policy every year.

Form 990, Part VI, Section B, Line 15A

A performance review as well as a comparison of other farmer market salaries is conducted.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Sfmv Inc
EIN
27-0926743
Phone
9413788435
Address
1420 STATE STREET, SARASOTA, FL 34236

Signing Officer

Name
Travis Kinsey
Title
Chairman
Phone
9413788435
Signed
2015-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Travis Kinsey
Formed
2009
Legal Domicile
Fl
Voting Board Members
13
Independent Board Members
13
Employees
4
Volunteers
2

Preparer

Firm
Kerkering Barberio & Co
Address
PO BOX 49348, SARASOTA, FL 34230-6348
Preparer
Rebecca U Stoner
Phone
9413654617
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 6 Volunteers

Board members are all volunteers, as are various committees, such as sponsorship, marketing plus 2 volunteers that run the information booth.

Raw XML Appendix385 raw XML fields

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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IRS990/PrincipalOfficerNm0TRAVIS KINSEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0FARMERS MARKET RENTS
IRS990/ProgramServiceRevenueGrp/Desc1SPONSORSHIP
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0195175
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt121921
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0195175
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt121921
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0118521
IRS990/PYOtherRevenueAmt011420
IRS990/PYProgramServiceRevenueAmt0185784
IRS990/PYRevenuesLessExpensesAmt01065
IRS990/PYSalariesCompEmpBnftPaidAmt077618
IRS990/PYTotalExpensesAmt0196139
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0197204
IRS990/ReconcilationRevenueExpnssAmt03917
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04281
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0931
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05212
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01063
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1809
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SALES TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAX PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04281
IRS990ScheduleD/TotalLiabilityAmt01872
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS ARE ALL VOLUNTEERS, AS ARE VARIOUS COMMITTEES, SUCH AS SPONSORSHIP, MARKETING PLUS 2 VOLUNTEERS THAT RUN THE INFORMATION BOOTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERSHIP AND VOTING PRIVILEGES SHALL ACCRUE TO THOSE VENDORS WHO HAVE BEEN APPROVED BY THE BOARD TO PARTICIPATE IN THE MARKET. EACH VENDOR RECEIVES ONE VOTE. A VENDOR MAY BE AN INDIVIDUAL, FARM, OR BUSINESS WHO BY ABIDING BY ALL OF THE CORPORATION'S RULES, POLICIES AND PROCEDURES SHALL BE CONSIDERED IN GOOD STANDING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS ARE INVITED TO AN ANNUAL MEETING WHERE THE BOARD IS ELECTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS ARE INVITED TO AN ANNUAL MEETING AND ANY CHANGES TO THE BY-LAWS ARE APPROVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO COMMITTEE HAS GOVERNING AUTHORITY. ALL BOARD MEETINGS ARE RECORDED AND ALL DECISIONS ARE MADE BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TAX RETURN IS PREPARED BY A CPA AND REVIEWED BY THE BOARD CHAIRMAN. IT IS THEN GIVEN TO ALL BOARD MEMBERS FOR QUESTIONS AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOARD MEMBERS SIGN A NEW CONFLICT OF INTEREST POLICY EVERY YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7A PERFORMANCE REVIEW AS WELL AS A COMPARISON OF OTHER FARMER MARKET SALARIES IS CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 6 VOLUNTEERS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05454
IRS990/TotalAssetsEOYAmt08924
IRS990/TotalAssetsGrp/BOYAmt05454
IRS990/TotalAssetsGrp/EOYAmt08924
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0907
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/TotalAmt0218621
IRS990/TotalGrossUBIAmt0500
IRS990/TotalLiabilitiesBOYAmt02319
IRS990/TotalLiabilitiesEOYAmt01872
IRS990/TotalLiabilitiesGrp/BOYAmt02319
IRS990/TotalLiabilitiesGrp/EOYAmt01872
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03135
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07052
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0217096
IRS990/TotalReportableCompFromOrgAmt048519
IRS990/TotalRevenueGrp/ExclusionAmt04035
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0217096
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0222538
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0500
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05454
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08924
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03135
IRS990/UnrestrictedNetAssetsGrp/EOYAmt07052
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01420 STATE STREET
IRS990/USAddress/CityNm0SARASOTA
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd034236
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.SARASOTAFARMERSMARKET.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TRAVIS KINSEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum09413788435
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SFMV INC
ReturnHeader/Filer/BusinessNameControlTxt0SFMV
ReturnHeader/Filer/EIN0270926743
ReturnHeader/Filer/PhoneNum09413788435
ReturnHeader/Filer/USAddress/AddressLine1Txt01420 STATE STREET
ReturnHeader/Filer/USAddress/CityNm0SARASOTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd034236
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0591753337
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KERKERING BARBERIO & CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 49348
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SARASOTA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0342306348
ReturnHeader/PreparerPersonGrp/PhoneNum09413654617
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0REBECCA U STONER
ReturnHeader/ReturnTs02015-11-16T12:02:54-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.29$0.00$0.29$1.91$2.23$0.33
2023Detailed filing. Detailed filing data is available for this year.$0.62$0.01$0.61$1.92$2.11$0.19
2022Detailed filing. Detailed filing data is available for this year.$0.81$0.01$0.80$1.75$1.61$0.14
2021Detailed filing. Detailed filing data is available for this year.$0.67$0.01$0.66$2.32$1.49$0.84
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.19$0.18$1.31$1.48$0.16
2019Detailed filing. Detailed filing data is available for this year.$0.01$0.03$0.02$1.86$1.86$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.01$0.03$0.02$2.22$2.25$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.04$0.02$0.02$1.94$1.95$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.04$0.02$0.03$1.83$1.90$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.09$0.02$0.07$2.23$2.19$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.05$0.02$0.03$1.97$1.96$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.01$0.02$1.76$1.76$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.01$0.05$1.08$1.10$0.02