Civic Intelligence

Independent Professional Seed Association

990 • Fiscal year 2019 • EIN 36-3652987

Jun 01, 2018 to May 31, 2019 • Filed on Oct 11, 2019

12 West Dixon StreetFayetteville, AR 72701

(901) 546-6900

Siviq Scores

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

Liabilities / Assets

69th percentile

0.31x

Higher debt load relative to assets than 69% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

64th percentile

0.27x

Higher debt load relative to revenue than 64% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Net Margin

69th percentile

9.7%

Higher net margin than 69% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

24th percentile

$0

Higher top officer pay than 24% of similar nonprofits.

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

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Asset Growth

73rd percentile

14%

Faster asset growth than 73% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

16th percentile

-7.7%

Faster revenue growth than 16% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,021,049

Up $125,968 (+14%) from 2018

Net Assets

Down

$708,999

Down $80,933 (-10%) from 2018

Liabilities

Up

$312,050

Up $206,901 (+197%) from 2018

Revenue

Down

$1,158,182

Down $95,966 (-7.7%) from 2018

Expenses

Down

$1,046,288

Down $139,142 (-12%) from 2018

Net Income

Up

$111,894

Up $43,176 (+63%) from 2018

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

2019

Assets$1,021,049
Liabilities$312,050
Net Assets$708,999

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

2019

Revenue$1,158,182
Expenses$1,046,288
Net Income$111,894
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Oct 11, 2019
Return Version
2018v3.1
Gross Receipts
$1,745,098
Mission and Program Overview

Mission

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$606,249$620,947▲ $14,698
Cash and Non-Interest-Bearing Accounts$86,620$240,206▲ $153,586
Accounts Receivable$147,450$97,896▼ $49,554
Prepaid Expenses and Deferred Charges$19,500$62,000▲ $42,500
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$859,819$1,021,049▲ $161,230
Liabilities
Accounts Payable and Accrued Expenses$160,016$310,550▲ $150,534
Deferred Revenue$4,000$1,500▼ $2,500
Total Liabilities$164,016$312,050▲ $148,034
Net Assets / Fund Balance
Unrestricted Net Assets$695,803$708,999▲ $13,196
Total Net Assets Fund Balance$695,803$708,999▲ $13,196
Total Liabilities and Net Assets / Fund Balance$859,819$1,021,049▲ $161,230

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$1,170-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tim BratlandPresident
Jeff Meints1st Vice President
Brett Hodnefield2nd Vice President
Brad TaylorDirector
Carl PetersonDirector
Christine VarnerDirector
Dan HogstadDirector
Tim GreeneDirector
Todd MartinCEO
Mark DenzlerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Marco ServicesCeo12 WEST DICKSON ST 1488, Fayetteville, AR 72701$265,430
Revenue and Support

Revenue Composition

Contributions and Grants
$278,180
Program Service Revenue
$348,811
Investment Income
$121,085
Other Revenue
$410,106
Change in Net Assets
$111,894
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,046,288
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
Fees for Services Management$156,755$156,755-$313,510
Conferences and Meetings$294,785--$294,785
Travel$75,887--$75,887
All Other Expenses$32,555$5,966-$38,521
Office Expenses-$9,039-$9,039
Information Technology$7,749--$7,749
Fees for Service Investment Mgmnt Fees-$7,687-$7,687
Other Expenses$7,659--$7,659
Fees for Services Accounting-$5,660-$5,660
Fees for Services Legal-$5,584-$5,584
Insurance-$1,835-$1,835
Advertising$510--$510
Total Functional Expenses$853,762$192,526$0$1,046,288
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
Yes
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

Form 990, Part VI, Section A, Line 3

Day to day management responsibilities have been delegated

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

Draft copy of the form 990 is provided to the ceo and approved before filing

Form 990, Part VI, Section B, 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

Form 990, Part VI, Section B, Line 15

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.

Form 990, Part VI, Section C, Line 18

All information is available upon request.

Form 990, Part VI, Section C, Line 19

All information is available upon request.

Filing and Contact Details

Filer

Filer Name
Independent Professional Seed Assn
EIN
36-3652987
Phone
9015466900
Address
12 WEST DIXON STREET, FAYETTEVILLE, AR 72701

Signing Officer

Name
Todd Martin
Title
CEO
Phone
9015466900
Signed
2019-10-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Todd Martin
Formed
1989
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Jones and Company Ltd
Address
PO BOX 16307, JONESBORO, AR 72403
Preparer
Tamara Hooks Lee CPA
Phone
8709352871
Raw XML Appendix397 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt22ND VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
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/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01170
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt01170
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
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/ExplanationTxt4ALL INFORMATION IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL INFORMATION IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0859819
IRS990/TotalAssetsEOYAmt01021049
IRS990/TotalAssetsGrp/BOYAmt0859819
IRS990/TotalAssetsGrp/EOYAmt01021049
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0278180
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0192526
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0853762
IRS990/TotalFunctionalExpensesGrp/TotalAmt01046288
IRS990/TotalGrossUBIAmt048000
IRS990/TotalLiabilitiesBOYAmt0164016
IRS990/TotalLiabilitiesEOYAmt0312050
IRS990/TotalLiabilitiesGrp/BOYAmt0164016
IRS990/TotalLiabilitiesGrp/EOYAmt0312050
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0695803
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0708999
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0853762
IRS990/TotalProgramServiceRevenueAmt0348811
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0352120
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0479882
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01158182
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt048000
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0859819
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01021049
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt075887
IRS990/TravelGrp/TotalAmt075887
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0695803
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0708999
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt012 WEST DIXON STREET
IRS990/USAddress/CityNm0FAYETTEVILLE
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd072701
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.IPSEED.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TODD MARTIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum09015466900
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDEPENDENT PROFESSIONAL SEED ASSN
ReturnHeader/Filer/BusinessNameControlTxt0INDE
ReturnHeader/Filer/EIN0363652987
ReturnHeader/Filer/PhoneNum09015466900
ReturnHeader/Filer/USAddress/AddressLine1Txt012 WEST DIXON STREET
ReturnHeader/Filer/USAddress/CityNm0FAYETTEVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd072701
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0F7F00627EB160A5BFB67D264465702C1E1A56CBF
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B0ECE6A0EE2E4B337FF4F54082C54F5B144DFBBB
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.233.146.218
ReturnHeader/FilingSecurityInformation/IPDt02019-10-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:05:06
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0710629531
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JONES AND COMPANY LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 16307
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0JONESBORO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd072403
ReturnHeader/PreparerPersonGrp/PhoneNum08709352871
ReturnHeader/PreparerPersonGrp/PreparationDt02019-10-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TAMARA HOOKS LEE CPA
ReturnHeader/ReturnTs02019-10-11T16:24:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-06-01
ReturnHeader/TaxPeriodEndDt02019-05-31
ReturnHeader/TaxYr02018

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
2019Detailed filing. Detailed filing data is available for this year.$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