Civic Intelligence

Independent Professional Seed Association

990 • Fiscal year 2016 • EIN 36-3652987

Jun 01, 2015 to May 31, 2016 • Filed on Oct 04, 2016

12 West Dixon Street 1488Fayetteville, AR 72701

(901) 831-1057

Siviq Scores

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

Liabilities / Assets

75th percentile

0.31x

Higher debt load relative to assets than 75% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

79th percentile

0.32x

Higher debt load relative to revenue than 79% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Net Margin

49th percentile

3.2%

Higher net margin than 49% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

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

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Asset Growth

84th percentile

25%

Faster asset growth than 84% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

50th percentile

3.0%

Faster revenue growth than 50% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$838,254

Up $165,811 (+25%) from 2015

Net Assets

Up

$577,966

Up $1,087 (+0.2%) from 2015

Liabilities

Up

$260,288

Up $164,724 (+172%) from 2015

Revenue

Up

$814,979

Up $23,439 (+3.0%) from 2015

Expenses

Up

$788,610

Up $24,342 (+3.2%) from 2015

Net Income

Down

$26,369

Down $903 (-3.3%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $514,560Liabilities 2011: $148,425Net Assets 2011: $366,1352011Assets 2012: $563,195Liabilities 2012: $168,050Net Assets 2012: $395,1452012Assets 2013: $589,704Liabilities 2013: $166,950Net Assets 2013: $422,7542013Assets 2014: $720,570Liabilities 2014: $157,850Net Assets 2014: $562,7202014Assets 2015: $672,443Liabilities 2015: $95,564Net Assets 2015: $576,8792015Assets 2016: $838,254Liabilities 2016: $260,288Net Assets 2016: $577,9662016Assets 2017: $817,845Liabilities 2017: $147,922Net Assets 2017: $669,9232017Assets 2018: $895,081Liabilities 2018: $105,149Net Assets 2018: $789,9322018Assets 2019: $1,021,049Liabilities 2019: $312,050Net Assets 2019: $708,9992019Assets 2020: $987,778Liabilities 2020: $258,158Net Assets 2020: $729,6202020Assets 2021: $954,004Liabilities 2021: $122,280Net Assets 2021: $831,7242021Assets 2025: $617,862Liabilities 2025: $264,846Net Assets 2025: $353,0162025

Highlighted filing

2016

Assets$838,254
Liabilities$260,288
Net Assets$577,966

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $371,0902011Expenses 2012: $439,5922012Expenses 2013: $578,8322013Revenue 2014: $673,221Expenses 2014: $557,135Net Income 2014: $116,0862014Revenue 2015: $791,540Expenses 2015: $764,268Net Income 2015: $27,2722015Revenue 2016: $814,979Expenses 2016: $788,610Net Income 2016: $26,3692016Revenue 2017: $1,116,451Expenses 2017: $1,083,337Net Income 2017: $33,1142017Revenue 2018: $1,254,148Expenses 2018: $1,185,430Net Income 2018: $68,7182018Revenue 2019: $1,158,182Expenses 2019: $1,046,288Net Income 2019: $111,8942019Revenue 2020: $995,467Expenses 2020: $991,639Net Income 2020: $3,8282020Revenue 2021: $769,647Expenses 2021: $719,262Net Income 2021: $50,3852021Revenue 2025: $1,308,194Expenses 2025: $1,335,286Net Income 2025: -$27,0922025

Highlighted filing

2016

Revenue$814,979
Expenses$788,610
Net Income$26,369
Jump To
Filing Snapshot
Filing Period
Jun 1, 2015 to May 31, 2016
Signed
Oct 4, 2016
Return Version
2015v2.1
Gross Receipts
$844,693
Mission and Program Overview

Mission

Identify problems common to seed corn companies and to address those problems as a group.

Identify problems common to seed corn companies and to address those problems as a group

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$553,629$543,163▼ $10,466
Accounts Receivable$22,750$197,954▲ $175,204
Cash and Non-Interest-Bearing Accounts$95,949$77,110▼ $18,839
Prepaid Expenses and Deferred Charges$115$20,027▲ $19,912
Total Assets$672,443$838,254▲ $165,811
Liabilities
Tax Exempt Bond Liabilities$11,750$249,500▲ $237,750
Accounts Payable and Accrued Expenses$83,814$10,788▼ $73,026
Total Liabilities$95,564$260,288▲ $164,724
Net Assets / Fund Balance
Unrestricted Net Assets$576,879$577,966▲ $1,087
Total Net Assets Fund Balance$576,879$577,966▲ $1,087
Total Liabilities and Net Assets / Fund Balance$672,443$838,254▲ $165,811

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$1,170$1,170
Compensation and Service Providers

Board Members and Trustees

NameTitle
Randy WilkenPresident
Christine Varner1st Vice President
Tim Bratland2nd Vice President
Ben SteyerDirector
Brett HodenfieldDirector
Jeff MeintsDirector
Shane OhldeDirector
Todd MartinCEO
Mark DenzlerSecretary
John LarimerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Marco Services LLCCeo2504 Alexander Drive, Jonesboro, AR 72403$160,000
Revenue and Support

Revenue Composition

Contributions and Grants
$257,785
Program Service Revenue
$216,856
Investment Income
$19,958
Other Revenue
$320,380
All Other Contributions
$9,180
Change in Net Assets
$26,369

Audited Revenue Reconciliation

Revenue per Audited Statements
$814,979
Revenue Not Reported on Form 990
$-20,882
Total Revenue per Audited Statements
$794,097
Total Revenue per Form 990
$814,979
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$788,610
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$244,048--$244,048
Fees for Services Management$109,789$109,788-$219,577
Travel$51,767--$51,767
All Other Expenses$15,187$3,955-$19,142
Other Expenses$16,252$13,343-$16,252
Office Expenses-$6,467-$6,467
Fees for Services Accounting-$5,951-$5,951
Fees for Service Investment Mgmnt Fees-$5,143-$5,143
Information Technology$4,952--$4,952
Advertising$3,221--$3,221
Insurance-$1,842-$1,842
Fees for Services Legal-$225-$225
Total Functional Expenses$641,896$146,714$0$788,610

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$793,010
Expenses per Audited Statements$788,610
Total Expenses per Form 990$788,610
Expenses Not Reported on Form 990$4,400
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
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
Yes

Governance Explanations

Management duties delegation Part VI line 3

Day to day management responsibilities have been delegated

Form 990 governing body review Part VI line 11

Draft copy of the Form 990 is provided to the CEO and approved before filing

Conflict of interest policy compliance Part VI line 12C

Board members disclose potential conflicts prior to any vote by the board. The board will then decide if it is necessary for that member to abstain.

CEO executive director top management comp Part VI line 15A

Compensation is negotiated by the board of directors and CEO. The board approves the compensation and performs an annual review of management services. The contract for compensation is for a 2 year period.

Other officer or key employee compensation Part VI line 15B

Compensation is negotiated by the board of directors and the CEO. The board approves compensation and preforms an annual review of management services. The contract for compensation is for a 2 year period.

Governing documents etc available to public Part VI line 19

All information is available upon request.

Filing and Contact Details

Filer

Filer Name
Independent Professional Seed Assn
EIN
36-3652987
Address
12 West Dixon Street 1488, Fayetteville, AR 72701

Signing Officer

Name
Todd Martin
Title
CEO
Phone
9018311057
Signed
2016-10-04
Discuss with paid preparer
No

Organization Details

Formed
1989
Legal Domicile
Ar
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Tamara Hooks Lee CPA
Address
PO BOX 395, JONESBORO, AR 72404
Preparer
Tamara Hooks Lee
Phone
8708974220
Supplemental Narrative

Financial Statement Notes

Footnote for uncertain tax position under FIN 48 (Part X)

The Association is a not-for-profit association that is exempt from income taxes under Section 501(c)(6) of the Internal Revenue Code and classified by the Internal Revenue Service as a business league.The Association has implemented the accounting requirements associated with uncertainty in income taxes as required by FASB ASC 740, Income Taxes. Tax positions initally need to be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions initally and subsequently need to be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.

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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0115
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt020027
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Meetings and Seminars
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0216856
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0216856
IRS990/ProgSrvcAccomActy2Grp/Desc0Organization provides forum for genetics research. Independent producers address problems with seed varieties and propose corrective action through genetics research
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0189680
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0168475
IRS990/PYInvestmentIncomeAmt043342
IRS990/PYOtherExpensesAmt0764268
IRS990/PYOtherRevenueAmt0371700
IRS990/PYProgramServiceRevenueAmt0208023
IRS990/PYRevenuesLessExpensesAmt027272
IRS990/PYTotalExpensesAmt0764268
IRS990/PYTotalRevenueAmt0791540
IRS990/ReconcilationRevenueExpnssAmt026369
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt04400
IRS990ScheduleD/DonatedServicesUseFcltsAmt04400
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01170
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01170
IRS990ScheduleD/ExpensesNotReportedAmt04400
IRS990ScheduleD/ExpensesSubtotalAmt0788610
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-25282
IRS990ScheduleD/RevenueNotReportedAmt0-20882
IRS990ScheduleD/RevenueSubtotalAmt0814979
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Association is a not-for-profit association that is exempt from income taxes under Section 501(c)(6) of the Internal Revenue Code and classified by the Internal Revenue Service as a business league.The Association has implemented the accounting requirements associated with uncertainty in income taxes as required by FASB ASC 740, Income Taxes. Tax positions initally need to be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions initally and subsequently need to be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Footnote for uncertain tax position under FIN 48 (Part X)
IRS990ScheduleD/TotalExpensesPerForm990Amt0788610
IRS990ScheduleD/TotalRevenuePerForm990Amt0814979
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0794097
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0793010
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Day to day management responsibilities have been delegated
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Draft copy of the Form 990 is provided to the CEO and approved before filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board members disclose potential conflicts prior to any vote by the board. The board will then decide if it is necessary for that member to abstain.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation is negotiated by the board of directors and CEO. The board approves the compensation and performs an annual review of management services. The contract for compensation is for a 2 year period.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Compensation is negotiated by the board of directors and the CEO. The board approves compensation and preforms an annual review of management services. The contract for compensation is for a 2 year period.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All information is available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Management duties delegation Part VI line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt011750
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt0249500
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0672443
IRS990/TotalAssetsEOYAmt0838254
IRS990/TotalAssetsGrp/BOYAmt0672443
IRS990/TotalAssetsGrp/EOYAmt0838254
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0257785
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0146714
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0641896
IRS990/TotalFunctionalExpensesGrp/TotalAmt0788610
IRS990/TotalGrossUBIAmt036000
IRS990/TotalLiabilitiesBOYAmt095564
IRS990/TotalLiabilitiesEOYAmt0260288
IRS990/TotalLiabilitiesGrp/BOYAmt095564
IRS990/TotalLiabilitiesGrp/EOYAmt0260288
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0576879
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0577966
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0641896
IRS990/TotalProgramServiceRevenueAmt0216856
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0281160
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0240034
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0814979
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt036000
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0672443
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0838254
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt051767
IRS990/TravelGrp/TotalAmt051767
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0576879
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0577966
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.ipseed.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Todd Martin
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum09018311057
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Independent Professional Seed Assn
ReturnHeader/Filer/BusinessNameControlTxt0INDE
ReturnHeader/Filer/EIN0363652987
ReturnHeader/Filer/USAddress/AddressLine1Txt012 West Dixon Street 1488
ReturnHeader/Filer/USAddress/CityNm0Fayetteville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd072701
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TAMARA HOOKS LEE CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 395
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0JONESBORO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd072404
ReturnHeader/PreparerPersonGrp/PhoneNum08708974220
ReturnHeader/PreparerPersonGrp/PreparationDt02016-10-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TAMARA HOOKS LEE
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-10-13T10:11:02-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-06-01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.26$0.35$1.31$1.34$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$0.12$0.83$0.77$0.72$0.05
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.26$0.73$1.00$0.99$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$0.31$0.71$1.16$1.05$0.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.90$0.11$0.79$1.25$1.19$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.82$0.15$0.67$1.12$1.08$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.84$0.26$0.58$0.81$0.79$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.67$0.10$0.58$0.79$0.76$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.72$0.16$0.56$0.67$0.56$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.17$0.42$0.58
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.17$0.40$0.44
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.15$0.37$0.37