Civic Intelligence

Realize Bradenton Inc.

990 • Fiscal year 2016 • EIN 27-1330078

Oct 01, 2015 to Sep 30, 2016 • Filed on Jan 23, 2016

P O Box 9114Bradenton, FL 34206

(941) 621-6471

Siviq Scores

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

Liabilities / Assets

78th percentile

0.34x

Higher debt load relative to assets than 78% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

71st percentile

0.17x

Higher debt load relative to revenue than 71% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

48th percentile

2.1%

Higher net margin than 48% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

86th percentile

$93,146

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 11.3% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

74th percentile

14%

Faster asset growth than 74% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

44th percentile

0.5%

Faster revenue growth than 44% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$403,473

Up $48,961 (+14%) from 2015

Net Assets

Up

$267,425

Up $17,380 (+7.0%) from 2015

Liabilities

Up

$136,048

Up $31,581 (+30%) from 2015

Revenue

Up

$821,040

Up $4,023 (+0.5%) from 2015

Expenses

Up

$803,660

Up $95,659 (+14%) from 2015

Net Income

Down

$17,380

Down $91,636 (-84%) from 2015

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $93,764Liabilities 2011: $6,271Net Assets 2011: $87,4932011Assets 2012: $232,782Liabilities 2012: $128,116Net Assets 2012: $104,6662012Assets 2014: $243,639Liabilities 2014: $102,610Net Assets 2014: $141,0292014Assets 2015: $354,512Liabilities 2015: $104,467Net Assets 2015: $250,0452015Assets 2016: $403,473Liabilities 2016: $136,048Net Assets 2016: $267,4252016Assets 2017: $413,490Liabilities 2017: $163,483Net Assets 2017: $250,0072017Assets 2019: $568,242Liabilities 2019: $193,502Net Assets 2019: $374,7402019Assets 2020: $635,952Liabilities 2020: $218,693Net Assets 2020: $417,2592020Assets 2021: $630,233Liabilities 2021: $155,275Net Assets 2021: $474,9582021Assets 2022: $471,772Liabilities 2022: $210,369Net Assets 2022: $261,4032022Assets 2024: $438,604Liabilities 2024: $38,171Net Assets 2024: $400,4332024

Highlighted filing

2016

Assets$403,473
Liabilities$136,048
Net Assets$267,425

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $404,2932011Expenses 2012: $436,0562012Revenue 2014: $734,938Expenses 2014: $749,055Net Income 2014: -$14,1172014Revenue 2015: $817,017Expenses 2015: $708,001Net Income 2015: $109,0162015Revenue 2016: $821,040Expenses 2016: $803,660Net Income 2016: $17,3802016Revenue 2017: $864,421Expenses 2017: $881,839Net Income 2017: -$17,4182017Revenue 2019: $989,319Expenses 2019: $975,209Net Income 2019: $14,1102019Revenue 2020: $953,418Expenses 2020: $910,899Net Income 2020: $42,5192020Revenue 2021: $957,046Expenses 2021: $899,347Net Income 2021: $57,6992021Revenue 2022: $659,004Expenses 2022: $872,559Net Income 2022: -$213,5552022Revenue 2024: $815,643Expenses 2024: $777,179Net Income 2024: $38,4642024

Highlighted filing

2016

Revenue$821,040
Expenses$803,660
Net Income$17,380
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Jan 23, 2016
Return Version
2015v3.0
Gross Receipts
$821,040
Mission and Program Overview

Mission

We transform public places & engage people with arts, culture, heritage & food to build a vibrant, healthy bradenton. Bringing people together, our work results in social, physical, and economic revitalizion & shapes a community where people want to live, work & visit.

We bring people together to build vibrant, healthy communities through arts, culture, heritage and food. Our programs inform and engage people to work together on community revitalization. Our partners help us accelerate economic development on the power of people and place.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$204,194$302,858▲ $98,664
Cash and Non-Interest-Bearing Accounts$87,966$62,875▼ $25,091
Land, Buildings, and Equipment, Net$32,624$26,744▼ $5,880
Accounts Receivable$17,228--
Prepaid Expenses and Deferred Charges$12,500$10,285▼ $2,215
Total Assets$354,512$403,473▲ $48,961
Other Assets Total-$711-
Liabilities
Deferred Revenue$98,822$127,875▲ $29,053
Accounts Payable and Accrued Expenses$5,645$8,173▲ $2,528
Total Liabilities$104,467$136,048▲ $31,581
Net Assets / Fund Balance
Unrestricted Net Assets$153,009$148,112▼ $4,897
Temporarily Rstr Net Assets$97,036$119,313▲ $22,277
Total Net Assets Fund Balance$250,045$267,425▲ $17,380
Total Liabilities and Net Assets / Fund Balance$354,512$403,473▲ $48,961

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$26,744$19,028-
Other Assets Org$711--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Johnette IshamExecutive DirectorFT$93,146$93,146

Board Members and Trustees

NameTitle
Dennis ZinkChairman and Director
Annie BreitingerDirector
Bridgette HalliburtonDirector
Jedd HeapDirector
Jennifer ZavadilDirector
Kay WightDirector
Kim DalglishDirector
Mark BoehmigDirector
Mike MearsDirector
Sue RevellDirector
Melodie RichTreasurer and Director
Revenue and Support

Revenue Composition

Contributions and Grants
$576,766
Program Service Revenue
$244,079
Investment Income
$60
Other Revenue
$135
All Other Contributions
$137,285
Change in Net Assets
$17,380

Audited Revenue Reconciliation

Revenue per Audited Statements
$821,040
Total Revenue per Audited Statements
$821,040
Total Revenue per Form 990
$821,040
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$492,945
Salaries, Compensation, and Employee Benefits$310,715
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$154,021$14,895-$168,916
Current Officers, Directors, Trustees, and Key Employees$79,427$26,476-$105,903
Other Employee Benefits$29,578$6,318-$35,896
Occupancy$14,353$14,353-$28,706
Fees for Services Accounting$12,744$8,497-$21,241
All Other Expenses$5,819$5,819-$11,638
Office Expenses$5,602$5,603-$11,205
Depreciation Depletion$7,804$569-$8,373
Fees for Services Other$3,169$3,168-$6,337
Other Expenses$3,150$3,149-$6,299
Travel$3,060$3,060-$6,120
Insurance$1,107$1,108-$2,215
Total Functional Expenses$710,645$93,015$0$803,660

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$803,660
Total Expenses per Audited Statements$803,660
Total Expenses per Form 990$803,660
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
Yes
Audit committee
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
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 governing body review Part VI line 11

Governing body review conducted annually

Conflict of interest policy compliance Part VI line 12C

All board members comply with conflict of interest policy

CEO executive director top management comp Part VI line 15A

Compensation of executive director is reviewed and adjusted periodically by the board of directors.

Other officer or key employee compensation Part VI line 15B

Compensation of all employees are approved by the board of directors.

Governing documents etc available to public Part VI line 19

Governing documents available for public inspection on request

Filing and Contact Details

Filer

Filer Name
Realize Bradenton Inc
EIN
27-1330078
Address
P O BOX 9114, BRADENTON, FL 34206

Signing Officer

Name
Johnette Isham
Title
Executive Direc
Phone
9416216471
Signed
2016-01-23
Discuss with paid preparer
Yes

Organization Details

Formed
2009
Legal Domicile
Fl
Voting Board Members
12
Independent Board Members
12
Employees
7

Preparer

Firm
uniqueTAXx AND ACCOUNTING
Address
410 43rd Street W Suite H, Bradenton, FL 34209
Preparer
Robert M Eddy
Phone
9417478100
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IRS990/ProgramServiceRevenueGrp/Desc1SPECIAL EVENTS
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1204414
IRS990/ProgSrvcAccomActy2Grp/Desc0IMPROVE MARKETING, ACCESS, AND COLLABORATION - REALIZE BRADENTON BUILDS COMMUNITY AND DEVELOPS DOWNTOWN BRADENTON AS A PREFERRED DESTINATION FOR RESIDENTS AND VISITORS. TO DO SO THE ORGANIZATION COORDINATES THE COLLABORATIVE WORK OF OTHER NON-PROFITS TO IMPROVE CROSS MARKETING CAMPAIGNS AND INCREASE AWARENESS AND PATRONIAGE OF ARTCENTER MANATEE, DESOTO HISTORICAL SOCIETY, MANATEE COUNTY HISTORICAL COMMISSION, MANATEE PLAYERS, SOUTH FLORIDA MUSEUM, AND THE VILLAGE OF THE ARTS
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0209745
IRS990/ProgSrvcAccomActy3Grp/Desc0INCREASE OUTREACH AND CAPACITY BUILDING - REALIZE BRADENTON CONDUCTS OUTREACH PROGRAMS TO INFORM AND ENGAGE RESIDENTS IN LOCAL DEVELOPMENT PROJECTS: ECONOMIC, PHYSICAL AND CULTURAL, INCLUDING RIVERWALK PROJECT, PUBLIC EVENTS, AND ON-LINE SURVEYS. IN ADDITION IT SUPPORTS OTHER NON-PROFITS WITH CAPACITY BUILDING TOOLS AIMED AT COMMUNICATIONS AND GOVERNANCE.
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IRS990ScheduleD/TotalExpensesPerForm990Amt0803660
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GOVERNING BODY REVIEW CONDUCTED ANNUALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS COMPLY WITH CONFLICT OF INTEREST POLICY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION OF EXECUTIVE DIRECTOR IS REVIEWED AND ADJUSTED PERIODICALLY BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION OF ALL EMPLOYEES ARE APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION ON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
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