Civic Intelligence

Criterion Institute Inc.

990 • Fiscal year 2016 • EIN 27-3458737

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 10, 2017

81 Church Hill RdHaddam, CT 06438

(860) 345-3520

Siviq Scores

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

Liabilities / Assets

99th percentile

3.89x

Higher debt load relative to assets than 99% of similar nonprofits.

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

Liabilities / Revenue

76th percentile

0.24x

Higher debt load relative to revenue than 76% of similar nonprofits.

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

Net Margin

18th percentile

-14%

Higher net margin than 18% of similar nonprofits.

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

Top Officer Pay

78th percentile

$72,124

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 10.5% of source-year revenue.

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

Asset Growth

2nd percentile

-64%

Faster asset growth than 2% of similar nonprofits.

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

Revenue Growth

49th percentile

2.6%

Faster revenue growth than 49% of similar nonprofits.

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

Assets

Down

$41,702

Down $75,026 (-64%) from 2015

Net Assets

Down

-$120,720

Down $155,873 (-443%) from 2015

Liabilities

Up

$162,422

Up $80,847 (+99%) from 2015

Revenue

Up

$687,891

Up $17,377 (+2.6%) from 2015

Expenses

Up

$782,819

Up $217,648 (+39%) from 2015

Net Income

Down

-$94,928

Down $200,271 (-190%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2012: $63,395Liabilities 2012: $0Net Assets 2012: $63,3952012Assets 2013: $50,728Liabilities 2013: $0Net Assets 2013: $50,7282013Assets 2014: $66,992Liabilities 2014: $137,182Net Assets 2014: -$70,1902014Assets 2015: $116,728Liabilities 2015: $81,575Net Assets 2015: $35,1532015Assets 2016: $41,702Liabilities 2016: $162,422Net Assets 2016: -$120,7202016Assets 2017: $101,729Liabilities 2017: $135,176Net Assets 2017: -$33,4472017Assets 2018: $97,772Liabilities 2018: $82,078Net Assets 2018: $15,6942018Assets 2019: $163,721Liabilities 2019: $281,578Net Assets 2019: -$117,8572019Assets 2020: $116,597Liabilities 2020: $465,214Net Assets 2020: -$348,6172020Assets 2021: $272,073Liabilities 2021: $264,507Net Assets 2021: $7,5662021Assets 2022: $714,359Liabilities 2022: $289,665Net Assets 2022: $424,6942022

Highlighted filing

2016

Assets$41,702
Liabilities$162,422
Net Assets-$120,720

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $361,9512012Revenue 2013: $232,015Expenses 2013: $243,094Net Income 2013: -$11,0792013Revenue 2014: $381,413Expenses 2014: $397,232Net Income 2014: -$15,8192014Revenue 2015: $670,514Expenses 2015: $565,171Net Income 2015: $105,3432015Revenue 2016: $687,891Expenses 2016: $782,819Net Income 2016: -$94,9282016Revenue 2017: $675,621Expenses 2017: $703,598Net Income 2017: -$27,9772017Revenue 2018: $1,012,847Expenses 2018: $963,706Net Income 2018: $49,1412018Revenue 2019: $1,287,156Expenses 2019: $1,406,378Net Income 2019: -$119,2222019Revenue 2020: $1,209,225Expenses 2020: $1,409,318Net Income 2020: -$200,0932020Revenue 2021: $1,759,165Expenses 2021: $1,402,982Net Income 2021: $356,1832021Revenue 2022: $2,239,651Expenses 2022: $1,831,523Net Income 2022: $408,1282022

Highlighted filing

2016

Revenue$687,891
Expenses$782,819
Net Income-$94,928
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 10, 2017
Return Version
2016v3.0
Gross Receipts
$687,891
Mission and Program Overview

Mission

Broaden what matters in our economic decisions by expanding who has power and influence in the work of reinventing the economy through research, training, and institutional engagement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$115,993$31,002▼ $84,991
Accounts Receivable$402$10,700▲ $10,298
Total Assets$116,395$41,702▼ $74,693
Liabilities
Accounts Payable and Accrued Expenses$117,187$132,422▲ $15,235
Deferred Revenue$25,000$30,000▲ $5,000
Total Liabilities$142,187$162,422▲ $20,235
Net Assets / Fund Balance
Temporarily Rstr Net Assets$112,084$81,074▼ $31,010
Unrestricted Net Assets$-137,876$-201,794▼ $63,918
Total Net Assets Fund Balance$-25,792$-120,720▼ $94,928
Total Liabilities and Net Assets / Fund Balance$116,395$41,702▼ $74,693
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joy AndersonDirectorFT$72,124$72,124

Board Members and Trustees

NameTitle
Cheryl DahlePresident
Andy McCarrollDirector
Katherine CollinsDirector
Liz SchafferSecretary
Michele KahaneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$263,344
Program Service Revenue
$424,547
Investment Income
$0
Other Revenue
$0
All Other Contributions
$263,344
Change in Net Assets
$-94,928

Audited Revenue Reconciliation

Revenue per Audited Statements
$687,891
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$687,891
Total Revenue per Form 990
$687,891
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$505,076
Salaries, Compensation, and Employee Benefits$277,743
Total Fundraising Expense$46,695
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$131,759$19,433$19,433$170,625
Current Officers, Directors, Trustees, and Key Employees$56,257$7,934$7,933$72,124
Fees for Services Management$10,830$22,113$15,384$48,327
Travel$43,386--$43,386
Payroll Taxes$19,504$2,839$2,839$25,182
Information Technology-$12,834-$12,834
Office Expenses-$11,306-$11,306
Advertising$10,885--$10,885
Other Employee Benefits$7,600$1,106$1,106$9,812
Fees for Services Accounting-$7,474-$7,474
Occupancy-$5,500-$5,500
Insurance-$5,457-$5,457
Payment Travel Entrtnmnt Publicly Ofcl-$3,611-$3,611
Other Expenses$16,330$2,315-$2,315
Total Functional Expenses$634,202$101,922$46,695$782,819

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$782,819
Total Expenses per Audited Statements$782,819
Total Expenses per Form 990$782,819
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Joy AndersonDirectorLicensing AgreementNo$56,000
-DirectorRentNo$5,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

The return was reviewed by a member of the board before approval for filing was given.

Form 990, Part VI, Section B, line 15

All compensation is reviewed and approved by the Board of Directors.

Form 990, Part VI, Section C, line 19

No other documents are available to the public.

Filing and Contact Details

Filer

Filer Name
Criterion Institute
EIN
27-3458737
Phone
8603453520
Address
81 Church Hill Rd, Haddam, CT 06438

Signing Officer

Name
Joy Anderson
Title
Director
Phone
8603453520
Signed
2017-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joy Anderson
Formed
2010
Legal Domicile
Ct
Voting Board Members
6
Independent Board Members
5
Employees
4
Volunteers
12

Preparer

Firm
Nathan Accounting Group LLC
Address
200 Fisher Drive, Avon, CT 06001
Preparer
Daniel R Kaufman CPA
Phone
8606775001
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Joy Anderson
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Director
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1Director
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt15500
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Licensing Agreement
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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Joy Anderson, President and Board Member is the sole member of Criterion Ventures, LLC which licenses intellectual property for the exclusive use of Criterion Institute, Inc.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 1
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The return was reviewed by a member of the board before approval for filing was given.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All compensation is reviewed and approved by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No other documents are available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0687891
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt012
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IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt043386
IRS990/TravelGrp/TotalAmt043386
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-137876
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-201794
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt081 Church Hill Rd
IRS990/USAddress/CityNm0Haddam
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006438
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.criterioninstitute.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Joy Anderson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/PhoneNum08603453520
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Criterion Institute
ReturnHeader/Filer/BusinessNameControlTxt0CRIT
ReturnHeader/Filer/EIN0273458737
ReturnHeader/Filer/PhoneNum08603453520
ReturnHeader/Filer/USAddress/AddressLine1Txt081 Church Hill Rd
ReturnHeader/Filer/USAddress/CityNm0Haddam
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006438
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0D9858DD1C8B7896ACB1E686327DBB3D7E8BEDE90
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0FD3899DBD28EF94E6A3A1CF3B863BEA9D21A63EC
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt070.88.210.115
ReturnHeader/FilingSecurityInformation/IPDt02017-11-10
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm009:46:17

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