Civic Intelligence

Common Good Ventures

EIN 31-1760012 • 501(c)3

Profile

At Common Good Ventures our mission is to build a stronger, more effective nonprofit sector for the common good.

Refreshing map…

132 Spring Street04101

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2014

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

15th percentile

-45%

Higher net margin than 15% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

99th percentile

$133,751

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 54.1% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Down

$0

Down $242,423 (-100%) from 2013

Liabilities

Down

$0

Down $26,982 (-100%) from 2013

Net Assets

Down

$0

Down $215,441 (-100%) from 2013

Revenue

$247,081

No earlier filing loaded for comparison.

Expenses

Down

$358,450

Down $87,703 (-20%) from 2013

Net Income

-$111,369

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2012: $356,504Liabilities 2012: $19,296Net Assets 2012: $337,2082012Assets 2013: $242,423Liabilities 2013: $26,982Net Assets 2013: $215,4412013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014

Highlighted filing

2014

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KExpenses 2012: $491,2002012Expenses 2013: $446,1532013Revenue 2014: $247,081Expenses 2014: $358,450Net Income 2014: -$111,3692014

Highlighted filing

2014

Revenue$247,081
Expenses$358,450
Net Income-$111,369

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 13, 2015
Return Version
2013v4.0
Gross Receipts
$247,081
Mission and Program Overview

Mission

At Common Good Ventures our mission is to build a stronger, more effective nonprofit sector for the common good.

Provide expert business advice, hands-on coaching, financial, and technical guidance to nonprofits.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$199,055$0▼ $199,055
Accounts Receivable$16,731$0▼ $16,731
Pledges and Grants Receivable$8,600$0▼ $8,600
Prepaid Expenses and Deferred Charges$6,192$0▼ $6,192
Land, Buildings, and Equipment, Net$314$0▼ $314
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$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-
Inventories for Sale or Use-$0-
Total Assets$242,423$0▼ $242,423
Other Assets Total$11,531$0▼ $11,531
Liabilities
Accounts Payable and Accrued Expenses$15,451--
Escrow Account Liability$11,531--
Total Liabilities$26,982$0▼ $26,982
Net Assets / Fund Balance
Unrestricted Net Assets$206,841$0▼ $206,841
Temporarily Rstr Net Assets$8,600$0▼ $8,600
Total Net Assets Fund Balance$215,441$0▼ $215,441
Total Liabilities and Net Assets / Fund Balance$242,423$0▼ $242,423

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$0$0→ $0$0-
2012$68,376--$68,376-
2011$73,956$67,352-$72,932$68,376
2010$4,858$100,000-$30,902$73,956
2009$19,667$4,858-$19,667$4,858
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Andrew H WattPresidentFT$120,000$13,751$133,751

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$119,983
Program Service Revenue
$127,098
Investment Income
$0
Other Revenue
$0
All Other Contributions
$119,983
Change in Net Assets
$-111,369
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$293,666
Other Expenses$64,784
Total Fundraising Expense$37,969
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$110,141$6,716$17,461$134,318
Current Officers, Directors, Trustees, and Key Employees$100,314$26,750$6,688$133,752
Occupancy$21,918$1,423$5,124$28,465
Payroll Taxes$15,021$2,251$2,372$19,644
Office Expenses$1,542$6,804$1,605$9,951
Fees for Services Accounting-$7,700-$7,700
Travel$5,069-$491$5,560
Information Technology$780$2,009$2,711$5,500
Pension Plan Contributions$892$1,815$478$3,185
Other Employee Benefits$775$1,577$415$2,767
Fees for Services Other$233$2,050-$2,283
Insurance$100$2,112-$2,212
Conferences and Meetings$817$219$624$1,660
Fees for Services Legal$888$179-$1,067
Advertising$386--$386
Total Functional Expenses$258,876$61,605$37,969$358,450
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-
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

The Form 990 was prepared by an outside independent accountant with information and input from staff. The Treasurer and Manager of Finance & Administration of the successor organization, Lift360, reviewed the Form 990 before it was filed with the IRS. The Form 990 was distributed to the full Board of Lift360 after it was filed.

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

All board members and staff receive the written conflict of interest policy which clearly defines what constitutes a conflict. Each person is asked to document and sign a statement recording his or her personal conflicts. The policy and disclosure form must be filed annually. Those with a declared conflict are not eligible to vote on the issue with which they have a conflict.

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

The Common Good Ventures board reviewed the Maine Association of Nonprofit's guidelines on compensation as well as benchmarked against comparable positions of executive directors of key nonprofits in Maine and some select businesses. In addition, the Board reviewed the compensation for parallel positions among other consultants and technical assistance providers nationally within the Common Good Ventures network and listed on readily available resources. The process of determining the compensation package of the Executive Director of CGV includes all the elements noted (independent review and approval by independent board members, comparability data) with one exception. The final discussion of the compensation package for the Director is conducted by the Board of Directors in executive session. This means that the final decision is documented, but details of the deliberations are not. Form 990, Part VI, Section B, Line 15b: Not applicable - No other employee meets the criteria of officer and/or key employee.

Form 990, Part VI, Section C, line 19

Common Good Ventures' governing documents, conflict of interest policy, and financial statements are publicly available upon request.

Filing and Contact Details

Filer

EIN
31-1760012
Phone
2075419383

Signing Officer

Name
Michael F Stillings
Title
Treasurer
Phone
2075419383
Signed
2015-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew H Watt
Formed
2000
Legal Domicile
Me
Voting Board Members
12
Independent Board Members
12
Employees
3
Volunteers
130

Preparer

Preparer
Nicholas E Porto
Phone
2078792100
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Transfer of Net Assets in Merger/Dissolution of Entity -104,072.

Form 990, Part XII, Line 2C:

Common Good Ventures did not receive an audit or review for fiscal year ending June 30, 2014.

Financial Statement Notes

Part IV, Line 1B:

At June 30, 2014, Common Good Ventures held $20,609 in restricted cash on behalf of Maine Network Partners. These funds are to be used to pay expenses of Maine Network Partners under an accounting services agreement and therefore are not available for use by Common Good Ventures. These funds and the corresponding custodial agreement with Maine Network Partners were transferred to Institute for Civic Leadership/Lift360 upon liquidation of Common Goood Ventures' assets.

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IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0262
IRS990/PYOtherExpensesAmt072056
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0160589
IRS990/PYRevenuesLessExpensesAmt0-121767
IRS990/PYSalariesCompEmpBnftPaidAmt0374097
IRS990/PYTotalExpensesAmt0446153
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0324386
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
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IRS990/ReconcilationRevenueExpnssAmt0-111369
IRS990/RegularMonitoringEnfrcInd01
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IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0127098
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0199055
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0163535
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0287900
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0362875
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0290324
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01224617
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0262
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0320
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0458
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0718
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01758
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01054318
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.62320
IRS990ScheduleA/PublicSupportPY170Pct00.59290
IRS990ScheduleA/PublicSupportTotal170Amt0764323
IRS990ScheduleA/SubstantialContributorsTotAmt0460294
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0119983
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0163535
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0287900
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0362875
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0290324
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01224617
IRS990ScheduleA/TotalSupportAmt01226375
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AdditionsDuringYearAmt050125
IRS990ScheduleD/AgentTrusteeEtcInd01
IRS990ScheduleD/BeginningBalanceAmt011531
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt00
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt00
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt00
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt00
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt00
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt068376
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt068376
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt073956
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt067352
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt068376
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt030902
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt019667
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt04858
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt04858
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt019667
IRS990ScheduleD/DistributionsDuringYearAmt041047
IRS990ScheduleD/EndingBalanceAmt020609
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0At June 30, 2014, Common Good Ventures held $20,609 in restricted cash on behalf of Maine Network Partners. These funds are to be used to pay expenses of Maine Network Partners under an accounting services agreement and therefore are not available for use by Common Good Ventures. These funds and the corresponding custodial agreement with Maine Network Partners were transferred to Institute for Civic Leadership/Lift360 upon liquidation of Common Goood Ventures' assets.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 1b:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd01
IRS990ScheduleN/EmployeeOfSuccessorInd01
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Net Cash, A/R, Fixed Assets (net of A/D)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine10Institute for Civic Leadership (Lift360)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02014-06-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0010483267
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt0104072
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(c)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0Book Value
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine10132 Spring Street
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/City0Portland
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/State0ME
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCode004101
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0Person(s) Involved: Robert Baldacci, David Burfeind, James L. Costello, Jennifer Cutshall, Wendy Estabrook, Anne Jackson, Chris Speh, Tom Davis, Tammy Michaud, Andrew Watt
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt1Explanation of Involvement: Robert Baldacci, David Burfeind, James L. Costello, Jennifer Cutshall, Wendy Estabrook, Anne Jackson, Chris Speh, Tom Davis, and Tammy Michaud, all of whom served as Board Members and Officers for Common Good Ventures, will continue to serve on the Board of Lift360, an organization formed on July 1, 2014 as the result of Common Good Ventures merging into the Institute for Civic Leadership.Andrew Watt, President of Common Good Ventures, will serve with Lift360 as Merger Transition Advisor and Consultant.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2e:
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, Line 2e:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 was prepared by an outside independent accountant with information and input from staff. The Treasurer and Manager of Finance & Administration of the successor organization, Lift360, reviewed the Form 990 before it was filed with the IRS. The Form 990 was distributed to the full Board of Lift360 after it was filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All board members and staff receive the written conflict of interest policy which clearly defines what constitutes a conflict. Each person is asked to document and sign a statement recording his or her personal conflicts. The policy and disclosure form must be filed annually. Those with a declared conflict are not eligible to vote on the issue with which they have a conflict.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Common Good Ventures board reviewed the Maine Association of Nonprofit's guidelines on compensation as well as benchmarked against comparable positions of executive directors of key nonprofits in Maine and some select businesses. In addition, the Board reviewed the compensation for parallel positions among other consultants and technical assistance providers nationally within the Common Good Ventures network and listed on readily available resources. The process of determining the compensation package of the Executive Director of CGV includes all the elements noted (independent review and approval by independent board members, comparability data) with one exception. The final discussion of the compensation package for the Director is conducted by the Board of Directors in executive session. This means that the final decision is documented, but details of the deliberations are not. Form 990, Part VI, Section B, Line 15b: Not applicable - No other employee meets the criteria of officer and/or key employee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Common Good Ventures' governing documents, conflict of interest policy, and financial statements are publicly available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Transfer of Net Assets in Merger/Dissolution of Entity -104,072.

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