Civic Intelligence

Cicoa Foundation Inc.

990 • Fiscal year 2020 • EIN 35-1859069

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

8440 Woodfield Crossing Blvd 175Indianapolis, IN 46240

(317) 254-5465

Siviq Scores

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

Liabilities / Assets

57th percentile

0.15x

Higher debt load relative to assets than 57% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

71st percentile

0.34x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

85th percentile

37%

Higher net margin than 85% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

85th percentile

45%

Faster asset growth than 85% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

94th percentile

124%

Faster revenue growth than 94% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$3,504,300

Up $1,093,914 (+45%) from 2019

Net Assets

Up

$2,971,543

Up $577,863 (+24%) from 2019

Liabilities

Up

$532,757

Up $516,051 (+3089%) from 2019

Revenue

Up

$1,565,411

Up $865,095 (+124%) from 2019

Expenses

Up

$986,371

Up $386,327 (+64%) from 2019

Net Income

Up

$579,040

Up $478,768 (+477%) from 2019

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $1,417,923Liabilities 2010: $10,962Net Assets 2010: $1,406,9612010Assets 2011: $1,494,611Liabilities 2011: $49,947Net Assets 2011: $1,444,6642011Assets 2012: $1,488,292Liabilities 2012: $16,888Net Assets 2012: $1,471,4042012Assets 2013: $2,109,424Liabilities 2013: $213,595Net Assets 2013: $1,895,8292013Assets 2014: $2,337,626Liabilities 2014: $121,829Net Assets 2014: $2,215,7972014Assets 2015: $1,976,439Liabilities 2015: $109,855Net Assets 2015: $1,866,5842015Assets 2016: $1,860,165Liabilities 2016: $94,255Net Assets 2016: $1,765,9102016Assets 2017: $2,259,998Liabilities 2017: $44,698Net Assets 2017: $2,215,3002017Assets 2018: $2,435,896Liabilities 2018: $179,869Net Assets 2018: $2,256,0272018Assets 2019: $2,410,386Liabilities 2019: $16,706Net Assets 2019: $2,393,6802019Assets 2020: $3,504,300Liabilities 2020: $532,757Net Assets 2020: $2,971,5432020Assets 2021: $3,482,974Liabilities 2021: $424,483Net Assets 2021: $3,058,4912021Assets 2022: $3,111,748Liabilities 2022: $206,305Net Assets 2022: $2,905,4432022Assets 2023: $2,573,823Liabilities 2023: $406,198Net Assets 2023: $2,167,6252023Assets 2024: $2,573,823Liabilities 2024: $406,198Net Assets 2024: $2,167,6252024

Highlighted filing

2020

Assets$3,504,300
Liabilities$532,757
Net Assets$2,971,543

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $377,9792010Expenses 2011: $474,3942011Expenses 2012: $471,7812012Expenses 2013: $706,7292013Revenue 2014: $1,005,108Expenses 2014: $774,199Net Income 2014: $230,9092014Revenue 2015: $644,060Expenses 2015: $1,008,449Net Income 2015: -$364,3892015Revenue 2016: $784,583Expenses 2016: $858,475Net Income 2016: -$73,8922016Revenue 2017: $848,846Expenses 2017: $472,852Net Income 2017: $375,9942017Revenue 2018: $751,183Expenses 2018: $756,808Net Income 2018: -$5,6252018Revenue 2019: $700,316Expenses 2019: $600,044Net Income 2019: $100,2722019Revenue 2020: $1,565,411Expenses 2020: $986,371Net Income 2020: $579,0402020Revenue 2021: $1,031,332Expenses 2021: $944,384Net Income 2021: $86,9482021Revenue 2022: $658,993Expenses 2022: $772,241Net Income 2022: -$113,2482022Revenue 2023: $682,926Expenses 2023: $1,393,622Net Income 2023: -$710,6962023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2020

Revenue$1,565,411
Expenses$986,371
Net Income$579,040
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.0
Gross Receipts
$1,594,355
Mission and Program Overview

Mission

Cicoa foundation, inc.'s general purpose is to develop, implement, and/or assist projects and programs for the benefit of older persons or so-called senior citizens with respect to the economic, social, health and nutrition, housing, transportation, employment, education, recreation and other problems peculiar to the aging and aged. The foundation primarily supports the programs of cicoa aging & in-home solutions, inc.

The mission of the CICOA Foundation is to fund and support the mission of CICOA Aging & In-Home Solutions: Empowering older adults, those of any age with a disability and family caregivers to achieve the greatest possible independence, dignity and quality of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$437,819$2,301,709▲ $1,863,890
Other Notes and Loans Receivable, Net$1,000,000--
Investments in Publicly Traded Securities$887,468$886,291▼ $1,177
Pledges and Grants Receivable$49,676$298,701▲ $249,025
Accounts Receivable$34,724$8,353▼ $26,371
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,410,386$3,504,300▲ $1,093,914
Other Assets Total$699$9,246▲ $8,547
Liabilities
Accounts Payable and Accrued Expenses$16,706$532,757▲ $516,051
Other Liabilities$0$0→ $0
Total Liabilities$16,706$532,757▲ $516,051
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,147,041$1,557,919▲ $410,878
Net Assets With Donor Restrictions$1,246,639$1,413,624▲ $166,985
Total Net Assets Fund Balance$2,393,680$2,971,543▲ $577,863
Total Liabilities and Net Assets / Fund Balance$2,410,386$3,504,300▲ $1,093,914

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$3,161$3,161

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$887,468-▼ $667-$886,801
2018$852,157-▲ $35,311-$887,468
2017$805,805$0▲ $46,352-$852,157
2016$732,409$0▲ $73,396-$805,805
2015$744,226$14,965▼ $26,782-$732,409
Compensation and Service Providers

Board Members and Trustees

NameTitle
-Chair
-CICOA Board Chair
-Past Chair
-Interim President & CEO
-President (Beg Jan 2020)
-Vice Chair
-Board Member
-Secretary
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,574,630
Program Service Revenue
$0
Investment Income
$19,725
Other Revenue
$-28,944
All Other Contributions
$1,467,630
Change in Net Assets
$579,040
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$613,851
Total Fundraising Expense$371,627
Salaries, Compensation, and Employee Benefits$266,691
Other Expenses$105,829
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$613,851--$613,851
Other Salaries and Wages--$207,670$207,670
Fees for Services Other$0$0$44,261$44,261
Office Expenses--$41,296$41,296
Other Employee Benefits--$37,680$37,680
Payroll Taxes--$14,828$14,828
Occupancy--$11,960$11,960
Pension Plan Contributions--$6,513$6,513
Information Technology--$5,293$5,293
Fees for Services Accounting-$893-$893
Travel--$769$769
Other Expenses--$715$715
Insurance--$642$642
Total Functional Expenses$613,851$893$371,627$986,371
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Cicoa Aging & In home solutions IncIndianapolis, IN501(c)(3)Program Assistance$613,851
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$28,944
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Magic Ball$70,000$0$11,050$-11,050
Community Impact Luncheon$18,500$0$2,121$-2,121
Total Events$107,000$0$28,944$-28,944
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 15 Process to establish compensation

CICOA Foundation, Inc. did not compensate its top management official during the tax year or any of its other officers or key employees during the tax year. CICOA Foundation, Inc.'s top management official is paid by an affiliated party.

Form 990, Part VI, Line 1A Delegate broad authority to A committee

The officers of the Corporation, when elected by the Board of Trustees, shall constitute an Executive Committee. The Executive Committee shall exercise all the responsibilities, authority and duties that are delegated or assigned to it by the Board of Trustees.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The form 990 is reviewed in detail by the management of the organization. A copy of the form 990 is provided to every member of the governing body before it is filed with the IRS.

Form 990, Part VI, Line 12C Conflict of interest policy

Every Board member, Officer and Employee signs a conflict of interest policy annually stating any actual or potential conflicts of interest. The statements are reviewed and monitored by the VP of the organization. If a conflict is noted, the VP informs the board chair of the conflict. Any individuals who have a conflict of interest abstain from voting on decisions related to the conflict.

Form 990, Part VI, Line 19 Required documents available to the public

Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to internal revenue code (irc) section 6104. These documents are not available to the public at this time.

Filing and Contact Details

Filer

Filer Name
CICOA Foundation Inc
EIN
35-1859069
Phone
3172545465
Address
8440 Woodfield Crossing Blvd 175, Indianapolis, IN 46240

Signing Officer

Name
Tauhric Brown
Title
President
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Formed
1992
Legal Domicile
In
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
16

Preparer

Firm
Crowe Llp
Address
135 N Pennsylvania Street Suite 200, Indianapolis, IN 46204
Preparer
Kim Scifres
Phone
3176321100
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2A Common Paying Agent for Employees

Cicoa aging & in-home solutions, inc. Ein 35-1310387 is the common paying agent for cicoa foundation, inc. Therefore, all applicable irs payroll tax compliance filings are reported by cicoa aging & in-home solutions, inc. On behalf of cicoa foundation, inc. Cicoa foundation, inc. Has 3 employees.

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Gain in Beneficial Interest - -1177;

Financial Statement Notes

Schedule D, Part V, Line 4 Intended uses of endowment funds

The endowment funds are intended to provide a relatively predictable, stable, and in real terms, constant stream of current income for annual operating needs and for the support of CICOA Aging & In-Home Solutions, Inc. (a related organization for purposes of the audited financial statements and unrelated for purposes of the tax return).

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

CICOA and the Foundation are exempt from income taxes on income from related activities under Section 501(c)(3) of the U.S. Internal Revenue Code and corresponding state tax law. Accordingly, no provision has been made for federal or state income taxes. Additionally, neither organization has been determined to be a private foundation under 509(a) of the Internal Revenue Code. GAAP requires CICOA and the Foundation to recognize a tax liability only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit will be recorded. CICOA and the Foundation have examined this issue and have determined there are no material contingent tax liabilities or questionable tax positions. CICOA and the Foundation do not expect the total amount of unrecorded tax benefits to significantly change in the next 12 months. CICOA and the Foundation recognize interest and/or penalties related to income tax matters in income tax expense. CICOA and the Foundation did not have any amounts accrued for interest and penalties at June 30, 2020 or 2019.

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IRS990/Desc0THE SUPPORT PROVIDED BY CICOA FOUNDATION, INC. TO CICOA AGING & IN-HOME SOLUTIONS ALLOWS THE AGENCY TO PROVIDE IN-HOME SERVICES TO SENIORS AND ADULTS WITH DISABILITIES INCLUDING ATTENDANT CARE, HOME HEALTH AIDE, AND HOME DELIVERED MEALS. THE SUPPORT OF CICOA FOUNDATION, INC. HELPED PROVIDE ASSISTANCE FOR OVER 88,500 MEALS SERVED AT 24 NEIGHBORHOOD MEAL SITES. PROVIDED OVER $88,200 FOR TRANSPORTATION TRIPS. PROVIDED OVER $101,200 FOR SAFE AT HOME AND HOME MODIFICATION PROJECTS HELPING 19 CLIENTS FOR SAFE AT HOME AND 46 CLIENTS RECEIVED HOME MODIFICATIONS. PROVIDED OVER $48,300 FOR CLIENT ASSISTANCE.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Interim President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt3Past Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chair
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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.$2.57$0.41$2.17$0.00$0.00$0.00
2023Detailed filing. Detailed filing data is available for this year.$2.57$0.41$2.17$0.68$1.39$0.71
2022Detailed filing. Detailed filing data is available for this year.$3.11$0.21$2.91$0.66$0.77$0.11
2021Detailed filing. Detailed filing data is available for this year.$3.48$0.42$3.06$1.03$0.94$0.09
2020Detailed filing. Detailed filing data is available for this year.$3.50$0.53$2.97$1.57$0.99$0.58
2019Detailed filing. Detailed filing data is available for this year.$2.41$0.02$2.39$0.70$0.60$0.10
2018Detailed filing. Detailed filing data is available for this year.$2.44$0.18$2.26$0.75$0.76$0.01
2017Detailed filing. Detailed filing data is available for this year.$2.26$0.04$2.22$0.85$0.47$0.38
2016Detailed filing. Detailed filing data is available for this year.$1.86$0.09$1.77$0.78$0.86$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.98$0.11$1.87$0.64$1.01$0.36
2014Detailed filing. Detailed filing data is available for this year.$2.34$0.12$2.22$1.01$0.77$0.23
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.11$0.21$1.90$0.71
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$0.02$1.47$0.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$0.05$1.44$0.47
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.42$0.01$1.41$0.38