Civic Intelligence

The Exchange

990 • Fiscal year 2021 • EIN 27-0987719

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 09, 2022

833 15th AveLongmont, CO 80501

(267) 377-5401

Siviq Scores

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

Liabilities / Assets

67th percentile

0.02x

Higher debt load relative to assets than 67% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

69th percentile

0.02x

Higher debt load relative to revenue than 69% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

66th percentile

21%

Higher net margin than 66% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

92nd percentile

$47,070

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 17.7% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

66th percentile

21%

Faster asset growth than 66% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

63rd percentile

23%

Faster revenue growth than 63% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$302,096

Up $52,320 (+21%) from 2020

Net Assets

Up

$296,015

Up $67,839 (+30%) from 2020

Liabilities

Down

$6,081

Down $15,519 (-72%) from 2020

Revenue

Up

$266,613

Up $49,961 (+23%) from 2020

Expenses

Down

$210,794

Down $14,121 (-6.3%) from 2020

Net Income

Up

$55,819

Up $64,082 (+776%) from 2020

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2014: $56,140Liabilities 2014: $1,223Net Assets 2014: $54,9172014Assets 2015: $68,707Liabilities 2015: $3,726Net Assets 2015: $64,9812015Assets 2016: $77,944Liabilities 2016: $5,596Net Assets 2016: $72,3482016Assets 2017: $135,793Liabilities 2017: $5,478Net Assets 2017: $130,3152017Assets 2018: $177,103Liabilities 2018: $12,837Net Assets 2018: $164,2662018Assets 2019: $198,748Liabilities 2019: $3,025Net Assets 2019: $195,7232019Assets 2020: $249,776Liabilities 2020: $21,600Net Assets 2020: $228,1762020Assets 2021: $302,096Liabilities 2021: $6,081Net Assets 2021: $296,0152021Assets 2022: $336,712Liabilities 2022: $3,739Net Assets 2022: $332,9732022Assets 2023: $381,017Liabilities 2023: $7,430Net Assets 2023: $373,5872023Assets 2024: $350,493Liabilities 2024: $1,472Net Assets 2024: $349,0212024

Highlighted filing

2021

Assets$302,096
Liabilities$6,081
Net Assets$296,015

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2014: $130,066Expenses 2014: $134,697Net Income 2014: -$4,6312014Revenue 2015: $145,204Expenses 2015: $135,140Net Income 2015: $10,0642015Revenue 2016: $145,442Expenses 2016: $138,075Net Income 2016: $7,3672016Revenue 2017: $214,997Expenses 2017: $157,030Net Income 2017: $57,9672017Revenue 2018: $189,856Expenses 2018: $155,905Net Income 2018: $33,9512018Revenue 2019: $251,595Expenses 2019: $220,138Net Income 2019: $31,4572019Revenue 2020: $216,652Expenses 2020: $224,915Net Income 2020: -$8,2632020Revenue 2021: $266,613Expenses 2021: $210,794Net Income 2021: $55,8192021Revenue 2022: $253,129Expenses 2022: $216,171Net Income 2022: $36,9582022Revenue 2023: $259,127Expenses 2023: $218,513Net Income 2023: $40,6142023Revenue 2024: $252,691Expenses 2024: $277,720Net Income 2024: -$25,0292024

Highlighted filing

2021

Revenue$266,613
Expenses$210,794
Net Income$55,819
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 9, 2022
Return Version
2021v4.0
Gross Receipts
$310,068
Mission and Program Overview

Mission

To train and mobilize gods people for spirit filled relational evangelism and discipleship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$175,044$177,172▲ $2,128
Accounts Receivable$74,732$121,282▲ $46,550
Prepaid Expenses and Deferred Charges-$2,394-
Total Assets$249,776$302,096▲ $52,320
Other Assets Total-$1,248-
Liabilities
Accounts Payable and Accrued Expenses$21,600$6,081▼ $15,519
Total Liabilities$21,600$6,081▼ $15,519
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$228,176$296,015▲ $67,839
Total Net Assets Fund Balance$228,176$296,015▲ $67,839
Total Liabilities and Net Assets / Fund Balance$249,776$302,096▲ $52,320
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jeffrey D MusgravePresident &FT$47,070$47,070
Anna MusgraveAssistant TrFT$35,000$35,000

Board Members and Trustees

NameTitle
Gordon DicksonBoard Member
Josh MusgraveBoard Member
Kevin SchaalBoard Member
Luke MusgraveBoard Member
Mary Ellen BryanBoard Member
Ron PerryBoard Member
Ruth MusgraveBoard Member
Amanda MusgraveSecretary
Michael RogersTreasurer
Jonathan D MusgraveVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$191,560
Program Service Revenue
$41,085
Investment Income
$0
Other Revenue
$33,968
All Other Contributions
$191,560
Change in Net Assets
$55,819
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$107,914
Other Expenses$102,880
Total Fundraising Expense$7,368
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$73,863$5,745$2,462$82,070
Travel$22,424--$22,424
Other Salaries and Wages$10,800$840$360$12,000
Information Technology-$10,270-$10,270
Other Employee Benefits$9,224$717$307$10,248
All Other Expenses$5,435$3,060-$8,495
Office Expenses$7,996$250$83$8,329
Payroll Taxes$3,236$252$108$3,596
Other Expenses$9,331-$3,405$3,405
Fees for Services Legal-$2,474-$2,474
Advertising--$643$643
Total Functional Expenses$179,818$23,608$7,368$210,794
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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
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, Page 6, Part VI, Line 2

Jeff musgrave anna musgrave president trainer married jeff & anna musgrave luke musgrave directors director parents to luke jeff & anna musgrave jonathan musgrave directors vp parents to jonathan jeff & anna musgrave joshua musgrave directors director parents to joshua

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

A copy of the form 990 is provided to all board members before filing.

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

The organization has a written conflict of interest policy that is adhered to by the officers and directors.

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

The compensation of all officers and key employees is reviewed by the board.

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

The compensation of all officers and key employees is reviewed and approved by the board.

Form 990, Page 6, Part VI, Line 19

All governing documents are avilable to the general public upon request.

Filing and Contact Details

Filer

Filer Name
The Exchange
EIN
27-0987719
Address
833 15TH AVE, LONGMONT, CO 80501

Signing Officer

Name
Jeffrey D Musgrave
Title
President & Trainer
Signed
2022-11-09

Organization Details

Principal Officer
Jeffrey D Musgrave
Formed
2009
Legal Domicile
Co
Voting Board Members
12
Independent Board Members
10
Employees
3

Preparer

Firm
Burge & Associates Pc
Address
315 W PONCE DE LEON AVE STE 700, DECATUR, GA 30030
Preparer
Lucas M Bradstreet
Phone
7704466649
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt057
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IRS990ScheduleA/PublicSupportPY170Pct00.68300
IRS990ScheduleA/PublicSupportTotal170Amt0611970
IRS990ScheduleA/SubstantialContributorsTotAmt0233089
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0191560
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0175680
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JEFF MUSGRAVE ANNA MUSGRAVE PRESIDENT TRAINER MARRIED JEFF & ANNA MUSGRAVE LUKE MUSGRAVE DIRECTORS DIRECTOR PARENTS TO LUKE JEFF & ANNA MUSGRAVE JONATHAN MUSGRAVE DIRECTORS VP PARENTS TO JONATHAN JEFF & ANNA MUSGRAVE JOSHUA MUSGRAVE DIRECTORS DIRECTOR PARENTS TO JOSHUA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT IS ADHERED TO BY THE OFFICERS AND DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPENSATION OF ALL OFFICERS AND KEY EMPLOYEES IS REVIEWED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE COMPENSATION OF ALL OFFICERS AND KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL GOVERNING DOCUMENTS ARE AVILABLE TO THE GENERAL PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
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 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0302096
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IRS990/TotalContributionsAmt0191560
IRS990/TotalEmployeeCnt03
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt023608
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0179818
IRS990/TotalFunctionalExpensesGrp/TotalAmt0210794
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt021600
IRS990/TotalLiabilitiesEOYAmt06081
IRS990/TotalLiabilitiesGrp/BOYAmt021600
IRS990/TotalLiabilitiesGrp/EOYAmt06081
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0228176
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0296015
IRS990/TotalProgramServiceExpensesAmt0179818
IRS990/TotalProgramServiceRevenueAmt041085
IRS990/TotalReportableCompFromOrgAmt082070
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt075053
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0266613
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0249776
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0302096
IRS990/TravelGrp/ProgramServicesAmt022424
IRS990/TravelGrp/TotalAmt022424
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0LONGMONT
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080501
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFREY D MUSGRAVE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT & TRAINER
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE EXCHANGE
ReturnHeader/Filer/BusinessNameControlTxt0THEE
ReturnHeader/Filer/EIN0270987719
ReturnHeader/Filer/USAddress/AddressLine1Txt0833 15TH AVE
ReturnHeader/Filer/USAddress/CityNm0LONGMONT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080501
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261631527
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BURGE & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0315 W PONCE DE LEON AVE STE 700
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DECATUR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030030
ReturnHeader/PreparerPersonGrp/PhoneNum07704466649
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LUCAS M BRADSTREET
ReturnHeader/ReturnTs02022-11-10T09:13:45-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JEFFREY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MUSGRAVE
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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