Civic Intelligence

Independent Professional Seed Association

990 • Fiscal year 2017 • EIN 36-3652987

Jun 01, 2016 to May 31, 2017 • Filed on Oct 02, 2016

Organization Profilewww.ipseed.org
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

51st percentile

0.18x

Higher debt load relative to assets than 51% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

43rd percentile

0.13x

Higher debt load relative to revenue than 43% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

47th percentile

3.0%

Higher net margin than 47% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

24th percentile

-2.4%

Faster asset growth than 24% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

93rd percentile

37%

Faster revenue growth than 93% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets51st percentile

Assets

Down

$817,845

Down $20,409 (-2.4%) from 2016

Net Assets

Up

$669,923

Up $91,957 (+16%) from 2016

Liabilities

Down

$147,922

Down $112,366 (-43%) from 2016

Revenue And Expenses
Liabilities / Revenue43rd percentileNet Margin47th percentile

Revenue

Up

$1,116,451

Up $301,472 (+37%) from 2016

Expenses

Up

$1,083,337

Up $294,727 (+37%) from 2016

Net Income

Up

$33,114

Up $6,745 (+26%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

2017

Assets$817,845
Liabilities$147,922
Net Assets$669,923
Open 2017 Filing

Operations Trend

Revenue Growth93rd percentile

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

2017

Revenue$1,116,451
Expenses$1,083,337
Net Income$33,114
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Oct 2, 2016
Return Version
2016v3.0
Gross Receipts
$1,171,732
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$543,163$551,007▲ $7,844
Cash and Non-Interest-Bearing Accounts$77,110$141,773▲ $64,663
Accounts Receivable$197,954$97,565▼ $100,389
Prepaid Expenses and Deferred Charges$20,027$27,500▲ $7,473
Total Assets$838,254$817,845▼ $20,409
Liabilities
Deferred Revenue$249,500$124,800▼ $124,700
Accounts Payable and Accrued Expenses$10,788$23,122▲ $12,334
Total Liabilities$260,288$147,922▼ $112,366
Net Assets / Fund Balance
Unrestricted Net Assets$577,966$669,923▲ $91,957
Total Net Assets Fund Balance$577,966$669,923▲ $91,957
Total Liabilities and Net Assets / Fund Balance$838,254$817,845▼ $20,409

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$1,170$1,170
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
Christine VarnerPresident
Tim Bratland1st Vice President
Jeff Meints2nd Vice President
Brad TaylorDirector
Dan HogstadDirector
Mark DenzlerDirector
Tim GreeneDirector
Todd MartinCEO
Ben SteyerSecretary
Brett HodenfieldTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Marco Services LLCCeo2504 Alexander Drive, Jonesboro, AR 72403$161,573
Revenue and Support

Revenue Composition

Contributions and Grants
$309,634
Program Service Revenue
$304,870
Investment Income
$5,894
Other Revenue
$496,053
All Other Contributions
$19,497
Change in Net Assets
$33,114

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,116,451
Revenue Not Reported on Form 990
$58,843
Total Revenue per Audited Statements
$1,175,294
Total Revenue per Form 990
$1,116,451
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,083,337
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$323,075--$323,075
Fees for Services Management$127,332$127,332-$254,664
Travel$74,675--$74,675
All Other Expenses$15,922$5,473-$21,395
Other Expenses$15,029--$15,029
Office Expenses-$11,969-$11,969
Fees for Service Investment Mgmnt Fees-$6,889-$6,889
Fees for Services Accounting-$6,500-$6,500
Information Technology$5,734--$5,734
Fees for Services Legal-$5,103-$5,103
Advertising$2,845--$2,845
Insurance-$2,388-$2,388
Total Functional Expenses$917,683$165,654$0$1,083,337

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,083,337
Total Expenses per Audited Statements$1,083,337
Total Expenses per Form 990$1,083,337
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
9105466900
Signed
2016-10-02
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 PLLC
Address
PO Box 395, Jonesboro, AR 72403
Preparer
Tamara Hooks Lee CPA
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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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/ProgramServiceRevenueGrp/Desc0Meetings and Seminars
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0304870
IRS990/ProgSrvcAccomActy2Grp/Desc0Organization provides forum for genetics research. Independent producers address problems with seed varieties and propose corrective action through genetics research
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0343071
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0257785
IRS990/PYInvestmentIncomeAmt019958
IRS990/PYOtherExpensesAmt0788610
IRS990/PYOtherRevenueAmt0320380
IRS990/PYProgramServiceRevenueAmt0216856
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IRS990/PYTotalRevenueAmt0814979
IRS990/ReconcilationRevenueExpnssAmt033114
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IRS990/ReportOtherLiabilitiesInd0false
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IRS990ScheduleD/RevenueNotReportedAmt058843
IRS990ScheduleD/RevenueSubtotalAmt01116451
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/TotalExpensesPerForm990Amt01083337
IRS990ScheduleD/TotalRevenuePerForm990Amt01116451
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01083337
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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
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0817845
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IRS990/TotalCompGreaterThan150KInd0false
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0165654
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0917683
IRS990/TotalFunctionalExpensesGrp/TotalAmt01083337
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IRS990/TotalLiabilitiesBOYAmt0260288
IRS990/TotalLiabilitiesEOYAmt0147922
IRS990/TotalLiabilitiesGrp/BOYAmt0260288
IRS990/TotalLiabilitiesGrp/EOYAmt0147922
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0917683
IRS990/TotalProgramServiceRevenueAmt0304870
IRS990/TotalReportableCompFromOrgAmt00
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0339717
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01116451
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt042000
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0838254
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IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt074675
IRS990/TravelGrp/TotalAmt074675
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IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0577966
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0669923
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/PhoneNum09105466900
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-02
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0CA9DE596C53009669A8D7391734B086561AFF8FE
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0CA9DE596C53009669A8D7391734B086561AFF8FE
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId07152312017285cxbwsqj
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02017-10-12
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0184.171.140.17
ReturnHeader/FilingSecurityInformation/IPDt02017-10-12
ReturnHeader/FilingSecurityInformation/IPTm010:56:21
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Tamara Hooks Lee CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 395
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Jonesboro
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd072403
ReturnHeader/PreparerPersonGrp/PhoneNum08708974220
ReturnHeader/PreparerPersonGrp/PreparationDt02017-08-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Tamara Hooks Lee CPA
ReturnHeader/ReturnTs02017-10-12T10:54:13-04:00
ReturnHeader/ReturnTypeCd0990

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$817,845
Liabilities
$147,922
Net assets
$669,923
Revenue
$1,116,451
Expenses
$1,083,337
Net income
$33,114
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
2017Detailed filing. Detailed filing data is available for this year.$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