Civic Intelligence

Trust Users Group Inc

990 • Fiscal year 2019 • EIN 36-4947892

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 14, 2020

1942 Broadway Street No 314CBoulder, CO 80302

(740) 374-6178

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.00x

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

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

22nd percentile

0.00x

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

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Net Margin

94th percentile

34%

Higher net margin than 94% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Assets

$206,936

No earlier filing loaded for comparison.

Net Assets

$206,936

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$601,864

No earlier filing loaded for comparison.

Expenses

$394,928

No earlier filing loaded for comparison.

Net Income

$206,936

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2019: $206,936Liabilities 2019: $0Net Assets 2019: $206,9362019Assets 2020: $208,031Liabilities 2020: $0Net Assets 2020: $208,0312020Assets 2021: $298,086Liabilities 2021: $0Net Assets 2021: $298,0862021Assets 2022: $306,255Liabilities 2022: $0Net Assets 2022: $306,2552022Assets 2023: $452,663Liabilities 2023: $0Net Assets 2023: $452,6632023Assets 2024: $498,732Liabilities 2024: $0Net Assets 2024: $498,7322024

Highlighted filing

2019

Assets$206,936
Liabilities$0
Net Assets$206,936

Operations Trend

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

$800K$600K$400K$200K$0Revenue 2019: $601,864Expenses 2019: $394,928Net Income 2019: $206,9362019Revenue 2020: $59,637Expenses 2020: $58,542Net Income 2020: $1,0952020Revenue 2021: $221,950Expenses 2021: $131,895Net Income 2021: $90,0552021Revenue 2022: $412,747Expenses 2022: $404,578Net Income 2022: $8,1692022Revenue 2023: $441,620Expenses 2023: $295,212Net Income 2023: $146,4082023Revenue 2024: $443,871Expenses 2024: $397,802Net Income 2024: $46,0692024

Highlighted filing

2019

Revenue$601,864
Expenses$394,928
Net Income$206,936
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 14, 2020
Return Version
2019v5.1
Gross Receipts
$601,864
Mission and Program Overview

Mission

Trust users group, inc. (tug) is organized to provide education, network opportunties, vendor referrals, and continuing education credit as a forum for the members of the fiduciary wealth management industry.

Promote education, networking, vendor referrals, and continuing education for members of the fiduciary wealth management industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$206,936-
Rtn Earn Endowment Incm Other Fnds$0$206,936▲ $206,936
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$206,936▲ $206,936
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$206,936▲ $206,936
Total Liabilities and Net Assets / Fund Balance$0$206,936▲ $206,936
Compensation and Service Providers

Board Members and Trustees

NameTitle
James GrovesPresident
Jeff EubanksVice President
Rhonda MaloneConference Director
Tina WeckbacherDirector at Large
Christine HolderVendor Director
Lyn KakamotoSecretary
Don PattersonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$174,168
Program Service Revenue
$422,820
Investment Income
$4,876
Other Revenue
$0
All Other Contributions
$174,168
Change in Net Assets
$206,936
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$394,928
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
Travel---$43,208
Fees for Services Other---$8,688
Other Expenses---$7,596
Office Expenses---$849
Total Functional Expenses$0$0$0$394,928
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Any person, entity, or institution that has entered into a written contract for use of a trust accounting system with fidelity national information services, inc. (fis) is eligible for membership.

Form 990, Part VI, Section A, Line 7A

Members who are in good standing and current in the payment of membership dues and fees shall be entitled to elect the governing body. If fis owns more than five percent of a member organization, that member organization shall not have voting rights.

Form 990, Part VI, Section A, Line 7B

Members who are in good standing and current in the payment of membership dues and fees shall be entitled to vote on governance decisions of the organization. If fis owns more than five percent of a member organization, that member organization shall not have voting rights.

Form 990, Part VI, Section A, Line 8B

The organization does not have any committees with the authority to act on behalf of the governing body.

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

A copy of the form 990 is provided to the govenring body for review before filing.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Trust Users Group Inc
EIN
36-4947892
Phone
7403746178
Address
1942 BROADWAY STREET NO 314C, BOULDER, CO 80302

Signing Officer

Name
Don Paterson
Title
Treasurer
Phone
7403746178
Signed
2020-09-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Groves
Formed
2019
Legal Domicile
Co
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
10

Preparer

Firm
Eide Bailly Llp
Address
2950 E HARMONY RD STE 290, FORT COLLINS, CO 80528-3429
Preparer
Kyle Fritch CPA
Phone
9702238825
Raw XML Appendix298 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/ActivityOrMissionDesc0PROMOTE EDUCATION, NETWORKING, VENDOR REFERRALS, AND CONTINUING EDUCATION FOR MEMBERS OF THE FIDUCIARY WEALTH MANAGEMENT INDUSTRY.
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IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0DON PATTERSON
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IRS990/Desc0THE TRUST USERS GROUP, INC. (TUG) PROVIDES EDUCATION, NETWORKING OPPORTUNITIES, VENDOR REFERRALS, AND CONTINUING EDUCATION CREDITS FOR THE MEMBERS OF THE FIDUCIARY WEALTH MANAGEMENT INDUSTRY. TUG PROVIDES A FORUM TO SHARE BEST PRACTICES , EXPERIENCE NEW TECHNOLOGY, LEARN FROM USERS OF SUPPORTING SYSTEMS, AND STAY CURRENT ON REGULATORY AND COMPLIANCE CHANGES. THERE ARE A NUMBER OF VEHICLES THAT TUG PROVIDES THAT ADVANCE THESE PURPOSES WHICH INCLUDE: CONFERENCES - THE PRIMARY VEHICLE TO ADVANCE THE EDUCATION OF INDIVIDUALS WITHIN THE FIDUCIARY WEALTH MANAGEMENT INDUSTRY IS THROUGH TUG CONFERENCES. THESE CONFERENCES ARE HELD IN THE SPRING AND FALL AND ARE AVAILABLE FOR BOTH MEMBERS AND NONMEMBERS OF TUG. THE CONFERENCES PROVIDE AN OPPORTUNITY TO SHARE KNOWLEDGE ABOUT TAX, LEGAL AND OTHER ISSUES THAT IMPACT THE INDUSTRY. IN ADDITION, THEY SERVE AS A MEANS FOR MEMBERS TO NETWORK, DEVELOP RELATIONSHIPS AND EXCHANGE IDEAS. DURING THE CALENDAR YEAR 2019, TUG HELD A SPRING AND FALL TRAINING CONFERENCE AND A NATIONAL EDUCATION CONFERENCE.NETWORKING OPPORTUNITIES THE NETWORKING OPPORTUNITIES PROVIDED BY TUG ADVANCES EDUCATION, SKILLS, AND REGULATORY UNDERSTANDING IN THE INDUSTRY IN ORDER TO EFFECTIVELY CARRY OUT FIDUCIARY ACTIONS CONSISTENT WITH APPLICABLE LAW.MONTHLY MEMBER CALLS THE MONTHLY MEMBER CALLS ARE TOUCH POINTS THAT ALLOW MEMBERS TO DISCUSS BEST PRACTICES, EXCHANGE INFORMATION REGARDING NEW AND AMENDED REGULATIONS, PROVIDE REFERRALS, AND NETWORK WITH VENDORS (INCLUDING TAX, PRICING, PROXY, ETC.), AND CONTRIBUTES TO MORE EFFECTIVE MEMBER OPERATIONS WITHIN THE FIDUCIARY WEALTH MANAGEMENT INDUSTRY.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR AT LARGE
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IRS990/MissionDesc0TRUST USERS GROUP, INC. (TUG) IS ORGANIZED TO PROVIDE EDUCATION, NETWORK OPPORTUNTIES, VENDOR REFERRALS, AND CONTINUING EDUCATION CREDIT AS A FORUM FOR THE MEMBERS OF THE FIDUCIARY WEALTH MANAGEMENT INDUSTRY.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ANY PERSON, ENTITY, OR INSTITUTION THAT HAS ENTERED INTO A WRITTEN CONTRACT FOR USE OF A TRUST ACCOUNTING SYSTEM WITH FIDELITY NATIONAL INFORMATION SERVICES, INC. (FIS) IS ELIGIBLE FOR MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS WHO ARE IN GOOD STANDING AND CURRENT IN THE PAYMENT OF MEMBERSHIP DUES AND FEES SHALL BE ENTITLED TO ELECT THE GOVERNING BODY. IF FIS OWNS MORE THAN FIVE PERCENT OF A MEMBER ORGANIZATION, THAT MEMBER ORGANIZATION SHALL NOT HAVE VOTING RIGHTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS WHO ARE IN GOOD STANDING AND CURRENT IN THE PAYMENT OF MEMBERSHIP DUES AND FEES SHALL BE ENTITLED TO VOTE ON GOVERNANCE DECISIONS OF THE ORGANIZATION. IF FIS OWNS MORE THAN FIVE PERCENT OF A MEMBER ORGANIZATION, THAT MEMBER ORGANIZATION SHALL NOT HAVE VOTING RIGHTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF THE FORM 990 IS PROVIDED TO THE GOVENRING BODY FOR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
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ReturnHeader/Filer/PhoneNum07403746178
ReturnHeader/Filer/USAddress/AddressLine1Txt01942 BROADWAY STREET NO 314C
ReturnHeader/Filer/USAddress/CityNm0BOULDER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080302
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId00A014F35CC1BBC7EC16A3B938A1DD4815A5A95E1
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02143C02D8A8F64E843D51BCD6A0974C812D6520F
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt065.155.204.218
ReturnHeader/FilingSecurityInformation/IPDt02020-09-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0MD
ReturnHeader/FilingSecurityInformation/IPTm010:16:05
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450250958
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EIDE BAILLY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02950 E HARMONY RD STE 290
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FORT COLLINS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0805283429
ReturnHeader/PreparerPersonGrp/PhoneNum09702238825
ReturnHeader/PreparerPersonGrp/PreparationDt02020-09-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KYLE FRITCH CPA
ReturnHeader/ReturnTs02020-09-16T08:13:22-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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