Civic Intelligence

Clcet Inc

990 • Fiscal year 2017 • EIN 36-4138514

Jul 01, 2016 to Jun 30, 2017 • Filed on Jul 24, 2018

2938 E 91st StreetChicago, IL 60617

(773) 731-1762

Siviq Scores

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

Liabilities / Assets

41st percentile

0.00x

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

2017 filings • 501(c)2 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

41st percentile

0.00x

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

2017 filings • 501(c)2 • <$500k nonprofits • Source year 2017

Net Margin

97th percentile

100%

Higher net margin than 97% of similar nonprofits.

2017 filings • 501(c)2 • <$500k nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

14th percentile

-18%

Faster asset growth than 14% of similar nonprofits.

2017 filings • 501(c)2 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2016 to 2017

Assets

Down

$320,448

Down $68,760 (-18%) from 2016

Net Assets

Up

$320,448

Up $11,955 (+3.9%) from 2016

Liabilities

Down

$0

Down $80,715 (-100%) from 2016

Revenue

Up

$11,955

Up $62,770 (+124%) from 2016

Expenses

Flat

$0

Flat from 2016

Net Income

Up

$11,955

Up $62,770 (+124%) from 2016

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $327,023Liabilities 2010: $1,162Net Assets 2010: $325,8612010Assets 2011: $608,008Liabilities 2011: $116,945Net Assets 2011: $491,0632011Assets 2012: $534,919Liabilities 2012: $10,866Net Assets 2012: $524,0532012Assets 2013: $510,919Liabilities 2013: $14,469Net Assets 2013: $496,4502013Assets 2014: $461,089Liabilities 2014: $37,496Net Assets 2014: $423,5932014Assets 2015: $421,526Liabilities 2015: $62,218Net Assets 2015: $359,3082015Assets 2016: $389,208Liabilities 2016: $80,715Net Assets 2016: $308,4932016Assets 2017: $320,448Liabilities 2017: $0Net Assets 2017: $320,4482017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2017

Assets$320,448
Liabilities$0
Net Assets$320,448

Operations Trend

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

$400K$200K$0-$200K-$400KExpenses 2010: $02010Expenses 2011: $02011Expenses 2012: $02012Expenses 2013: $02013Revenue 2014: -$72,857Expenses 2014: $0Net Income 2014: -$72,8572014Revenue 2015: -$64,285Expenses 2015: $0Net Income 2015: -$64,2852015Revenue 2016: -$50,815Expenses 2016: $0Net Income 2016: -$50,8152016Revenue 2017: $11,955Expenses 2017: $0Net Income 2017: $11,9552017Revenue 2018: $9,672Expenses 2018: $330,120Net Income 2018: -$320,4482018

Highlighted filing

2017

Revenue$11,955
Expenses$0
Net Income$11,955
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jul 24, 2018
Return Version
2016v3.0
Gross Receipts
$497,095
Mission and Program Overview

Mission

Organized exclusively to support charitable purposes as a property title holding corporation for the chicago legal clinic, inc., a 501(c)(3) organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net-$219,000-
Cash and Non-Interest-Bearing Accounts$1,672$5,733▲ $4,061
Land, Buildings, and Equipment, Net$387,213$2,067▼ $385,146
Prepaid Expenses and Deferred Charges$323$421▲ $98
Total Assets$389,208$320,448▼ $68,760
Other Assets Total$0$93,227▲ $93,227
Liabilities
Other Liabilities$79,874$0▼ $79,874
Accounts Payable and Accrued Expenses$841--
Total Liabilities$80,715$0▼ $80,715
Net Assets / Fund Balance
Unrestricted Net Assets$308,493$320,448▲ $11,955
Total Net Assets Fund Balance$308,493$320,448▲ $11,955
Total Liabilities and Net Assets / Fund Balance$389,208$320,448▼ $68,760

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,067$13,910$15,977
Other Assets Org$93,227--
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Marta C BukataDeputy Director$1,500$84,322$85,822
Edward I GrossmanExecutive Director$1,500$83,894$85,394

Board Members and Trustees

NameTitle
Stephen T FisterPresident
Angela HurlockDirector
Douglas KnuthSecretary
Louis M BrunoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$55,804
Other Revenue
$-43,849
Change in Net Assets
$11,955
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
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
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, Section B, Line 11B

The organization and its governing body was formerly dissolved subsequent to the year-end and before the completion of this year's form 990. In prior years, form 990 was reviewed by the executive director and the treasurer before the form was filed. Once this review occurred, form 990 was provided to all board members and subsequently filed.

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

Board members are required to submit this information yearly.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Clcet Inc
EIN
36-4138514
Phone
7737311762
Address
2938 E 91ST STREET, CHICAGO, IL 60617

Signing Officer

Name
Adam Salzman
Title
Executive Director
Phone
7737311762
Signed
2018-07-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Salzman
Formed
1997
Legal Domicile
Il
Voting Board Members
4
Independent Board Members
4
Employees
5
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
1301 W 22ND ST STE 1100, OAK BROOK, IL 60523
Preparer
Thomas G Andrews
Phone
6305738600
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The board of directors is responsible for the oversight of the audit and selection of an independent accountant. This process has not changed from the prior year.

Form 990, Page 1, Section B, Amended Return

An amended return is being filed due to revisions made to certain financial information as a result of the completion of the organization's annual financial statement audit conducted by an independent accountant. As a result - total revenues increased $33,395; total assets increased $32,895; total liabilities decreased $500; and total net assets increased $33,395. These changes affected the presentation of page 9, form 990, revenues from rents; page 11, form 990, assets, liabilities and net assets; page 12, form 990, reconciliation of net assets; and page 1, form 990, part i, summary of financial information. The amount reflected as transactions with related organizations on schedule r, page 3, for line 1d, "loans or loan guarantees to or for related organizations" increased by $33,395.

Financial Statement Notes

PART X, LINE 2:

Gaap addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded and disclosed in the consolidated financial statements. The organization may recognize the tax benefit from an uncertain tax position only if it is more-likely-than-not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. Management has determined that the organization has no material uncertain tax positions that would require disclosure or adjustment as of june 30, 2017 and 2016.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION AND ITS GOVERNING BODY WAS FORMERLY DISSOLVED SUBSEQUENT TO THE YEAR-END AND BEFORE THE COMPLETION OF THIS YEAR'S FORM 990. IN PRIOR YEARS, FORM 990 WAS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE TREASURER BEFORE THE FORM WAS FILED. ONCE THIS REVIEW OCCURRED, FORM 990 WAS PROVIDED TO ALL BOARD MEMBERS AND SUBSEQUENTLY FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REQUIRED TO SUBMIT THIS INFORMATION YEARLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AN AMENDED RETURN IS BEING FILED DUE TO REVISIONS MADE TO CERTAIN FINANCIAL INFORMATION AS A RESULT OF THE COMPLETION OF THE ORGANIZATION'S ANNUAL FINANCIAL STATEMENT AUDIT CONDUCTED BY AN INDEPENDENT ACCOUNTANT. AS A RESULT - TOTAL REVENUES INCREASED $33,395; TOTAL ASSETS INCREASED $32,895; TOTAL LIABILITIES DECREASED $500; AND TOTAL NET ASSETS INCREASED $33,395. THESE CHANGES AFFECTED THE PRESENTATION OF PAGE 9, FORM 990, REVENUES FROM RENTS; PAGE 11, FORM 990, ASSETS, LIABILITIES AND NET ASSETS; PAGE 12, FORM 990, RECONCILIATION OF NET ASSETS; AND PAGE 1, FORM 990, PART I, SUMMARY OF FINANCIAL INFORMATION. THE AMOUNT REFLECTED AS TRANSACTIONS WITH RELATED ORGANIZATIONS ON SCHEDULE R, PAGE 3, FOR LINE 1D, "LOANS OR LOAN GUARANTEES TO OR FOR RELATED ORGANIZATIONS" INCREASED BY $33,395.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 1, SECTION B, AMENDED RETURN
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt050395
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt193227
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IRS990/TempOrPermanentEndowmentsInd00
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IRS990/UnrelatedBusIncmOverLimitInd00
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ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ADAM SALZMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07737311762
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-07-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CLCET INC
ReturnHeader/Filer/BusinessNameControlTxt0CLCE
ReturnHeader/Filer/EIN0364138514
ReturnHeader/Filer/PhoneNum07737311762
ReturnHeader/Filer/USAddress/AddressLine1Txt02938 E 91ST STREET
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId0154804201813403c8e71
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-05-14
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0104.129.196.114
ReturnHeader/FilingSecurityInformation/IPDt02018-07-24
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm009:22:36
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01301 W 22ND ST STE 1100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OAK BROOK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060523
ReturnHeader/PreparerPersonGrp/PhoneNum06305738600
ReturnHeader/PreparerPersonGrp/PreparationDt02018-07-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS G ANDREWS
ReturnHeader/ReturnTs02018-07-25T16:17:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

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