Civic Intelligence

Coles Together

990 • Fiscal year 2015 • EIN 37-1243664

Oct 01, 2014 to Sep 30, 2015 • Filed on Feb 04, 2016

400 Airport RoadMattoon, IL 61938

(217) 348-5627

Siviq Scores

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

Liabilities / Assets

94th percentile

0.84x

Higher debt load relative to assets than 94% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

99th percentile

7.38x

Higher debt load relative to revenue than 99% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Net Margin

93rd percentile

28%

Higher net margin than 93% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$138,190

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 38.0% of source-year revenue.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Asset Growth

47th percentile

1.7%

Faster asset growth than 47% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

17th percentile

-7.8%

Faster revenue growth than 17% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$3,203,579

Up $52,865 (+1.7%) from 2014

Net Assets

Up

$519,047

Up $102,554 (+25%) from 2014

Liabilities

Down

$2,684,532

Down $49,689 (-1.8%) from 2014

Revenue

Down

$363,673

Down $30,628 (-7.8%) from 2014

Expenses

Down

$261,119

Down $66,244 (-20%) from 2014

Net Income

Up

$102,554

Up $35,616 (+53%) from 2014

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2014: $3,150,714Liabilities 2014: $2,734,221Net Assets 2014: $416,4932014Assets 2015: $3,203,579Liabilities 2015: $2,684,532Net Assets 2015: $519,0472015Assets 2016: $3,256,485Liabilities 2016: $2,634,295Net Assets 2016: $622,1902016Assets 2017: $3,293,174Liabilities 2017: $2,586,240Net Assets 2017: $706,9342017Assets 2018: $2,490,829Liabilities 2018: $424,090Net Assets 2018: $2,066,7392018Assets 2019: $2,232,768Liabilities 2019: $15,489Net Assets 2019: $2,217,2792019Assets 2020: $2,333,367Liabilities 2020: $18,411Net Assets 2020: $2,314,9562020Assets 2021: $2,334,819Liabilities 2021: $33,106Net Assets 2021: $2,301,7132021Assets 2022: $2,401,882Liabilities 2022: $20,937Net Assets 2022: $2,380,9452022Assets 2023: $2,517,399Liabilities 2023: $28,475Net Assets 2023: $2,488,9242023Assets 2024: $2,559,464Liabilities 2024: $26,094Net Assets 2024: $2,533,3702024

Highlighted filing

2015

Assets$3,203,579
Liabilities$2,684,532
Net Assets$519,047

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $394,301Expenses 2014: $327,363Net Income 2014: $66,9382014Revenue 2015: $363,673Expenses 2015: $261,119Net Income 2015: $102,5542015Revenue 2016: $433,375Expenses 2016: $330,232Net Income 2016: $103,1432016Revenue 2017: $356,446Expenses 2017: $271,702Net Income 2017: $84,7442017Revenue 2018: $2,040,008Expenses 2018: $680,203Net Income 2018: $1,359,8052018Revenue 2019: $426,557Expenses 2019: $276,017Net Income 2019: $150,5402019Revenue 2020: $354,717Expenses 2020: $257,040Net Income 2020: $97,6772020Revenue 2021: $377,700Expenses 2021: $390,943Net Income 2021: -$13,2432021Revenue 2022: $364,576Expenses 2022: $285,344Net Income 2022: $79,2322022Revenue 2023: $705,044Expenses 2023: $597,065Net Income 2023: $107,9792023Revenue 2024: $585,723Expenses 2024: $541,277Net Income 2024: $44,4462024

Highlighted filing

2015

Revenue$363,673
Expenses$261,119
Net Income$102,554
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Feb 4, 2016
Return Version
2014v6.0
Gross Receipts
$472,976
Mission and Program Overview

Mission

Coles together promotes the improvement, diversification, and growth of the economic base of the coles county illinois area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,777,153$2,766,539▼ $10,614
Savings and Temporary Cash Investments$139,316$210,979▲ $71,663
Pledges and Grants Receivable$79,167$79,167→ $0
Prepaid Expenses and Deferred Charges$18,493$10,309▼ $8,184
Cash and Non-Interest-Bearing Accounts$400$400→ $0
Total Assets$3,150,714$3,203,579▲ $52,865
Other Assets Total$136,185$136,185→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,188,111$2,139,745▼ $48,366
Unsecured Notes Loans Payable$500,000$500,000→ $0
Accounts Payable and Accrued Expenses$46,110$44,787▼ $1,323
Total Liabilities$2,734,221$2,684,532▼ $49,689
Net Assets / Fund Balance
Unrestricted Net Assets$262,323$364,877▲ $102,554
Temporarily Rstr Net Assets$154,170$154,170→ $0
Total Net Assets Fund Balance$416,493$519,047▲ $102,554
Total Liabilities and Net Assets / Fund Balance$3,150,714$3,203,579▲ $52,865

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$21,287$94,741$116,028
Buildings$26,116$82,467$108,583
Land$2,719,136--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Angela GriffinPresidentFT$138,190$138,190

Board Members and Trustees

NameTitle
Dennis PluardChairman
Mike StanfieldVice Chairma
Bill RowlandDirector
Brandon CombsDirector
Chris YoungDirector
Daniel CrainDirector
David GlassmanDirector
Dick StarkDirector
Doug AboltDirector
Glen PruettDirector
Jamie HarrisDirector
Jeremy MuchowDirector
Jeremy YostDirector
Jim LittlefordDirector
Josh BullockDirector
Lance LandeckDirector
Larry LillyDirector
Marty TarterDirector
Nathan MeinhartDirector
Paul DailyDirector
Steve BarbeeDirector
Steve GrissomDirector
Tim GoverDirector
Jerry GronigerAsst. Secret
Woody KramerSecretary
Joyce MadiganTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$284,135
Program Service Revenue
$0
Investment Income
$436
Other Revenue
$79,102
All Other Contributions
$134,135
Change in Net Assets
$102,554

Audited Revenue Reconciliation

Revenue per Audited Statements
$363,673
Revenue Not Reported on Form 990
$109,303
Total Revenue per Audited Statements
$472,976
Total Revenue per Form 990
$363,673
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$142,048
Other Expenses$119,071
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$142,048
Interest---$20,000
Occupancy---$12,874
Depreciation Depletion---$10,614
Fees for Services Accounting---$10,020
All Other Expenses---$9,256
Other Expenses---$6,721
Conferences and Meetings---$6,081
Fees for Services Management---$6,033
Insurance---$5,751
Travel---$5,217
Office Expenses---$2,118
Total Functional Expenses$0$0$0$261,119

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$370,422
Expenses per Audited Statements$261,119
Total Expenses per Form 990$261,119
Expenses Not Reported on Form 990$109,303
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
Backup withholding compliance
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
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Prior to submission, the board of directors meet to review the materials contained in the 990 and the financial statements. After approval, management is authorized to file the 990.

Form 990, Page 6, Part VI, Line 12C

Conflict of interest statements are filled out by directors annually and are reviewed when received.

Form 990, Page 6, Part VI, Line 15A

The operating committee discusses the merit of the president and based upon accomplishments and salaries of similar positions, a salary is determined and approved through the budget process by the entire board of directors.

Form 990, Page 6, Part VI, Line 15B

The operating committee discusses the merit of the employee and based upon accomplishments and salaries of similar positions, a salary is determined and approved through the budget process by the entire board of directors.

Form 990, Page 6, Part VI, Line 19

Governing documents are available on request during normal business hours.

Filing and Contact Details

Filer

Filer Name
Coles Together
EIN
37-1243664
Phone
2173485627
Address
400 AIRPORT ROAD, MATTOON, IL 61938

Signing Officer

Name
Angela Griffin
Title
President
Phone
2173485627
Signed
2016-02-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angela Griffin
Formed
1988
Legal Domicile
Il
Voting Board Members
26
Independent Board Members
26
Employees
0

Preparer

Firm
Doehring Winders & Co Llp
Address
1601 LAFAYETTE AVE, MATTOON, IL 61938-3925
Preparer
Robert E Arnholt CPA
Phone
2172350377
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Rental expenses 109,303 rental expenses -109,303

Financial Statement Notes

Schedule D, Page 3, Part X

Coles together accounts for uncertainty in income taxes in accordance with fasb asc 740-10. Fasb asc 740-10 provides detailed guidance for the financial statements recognition, measurement, and disclosure of uncertain tax positions. Coles together files informational returns in the u.s. Federal and state of illinois jurisdictions, as well as returns representing unrelated business income in both the u.s. Federal and state of illinois jurisdicitons. The organization's federal and state informational and unrelated business income tax returns are subject to possible examination. In general, these returns have a three year statute of limitations. Coles together is not currently subject to an examination of the organization's returns by any of these tax authroities. As of septemeber 30, 2015, coles together has no unrecognized tax benefits.

Schedule D, Page 4, Part XI, Line 2D

RENTAL EXPENSES 109,303

Schedule D, Page 4, Part XII, Line 2D

RENTAL EXPENSES 109,303

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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/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12ASST. SECRET
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt26PRESIDENT
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/GrossRentsGrp/RealAmt0186688
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IRS990/InterestGrp/TotalAmt020000
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IRS990/MissionDesc0COLES TOGETHER PROMOTES THE IMPROVEMENT, DIVERSIFICATION, AND GROWTH OF THE ECONOMIC BASE OF THE COLES COUNTY ILLINOIS AREA.
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt077385
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt068906
IRS990/NetUnrelatedBusTxblIncmAmt034464
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IRS990/NondeductibleContriDisclInd0true
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IRS990/OfficeExpensesGrp/TotalAmt02118
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IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt0136185
IRS990/OtherExpensesGrp/Desc0STAFF UNEMPLOYMENT
IRS990/OtherExpensesGrp/Desc1UBI TAXES
IRS990/OtherExpensesGrp/Desc2INDUSTRIAL EXPANSION
IRS990/OtherExpensesGrp/Desc3DUES AND SUBSCRIPTIONS
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IRS990/OtherExpensesGrp/TotalAmt18244
IRS990/OtherExpensesGrp/TotalAmt27027
IRS990/OtherExpensesGrp/TotalAmt36721
IRS990/OtherRevenueMiscGrp/BusinessCd0541900
IRS990/OtherRevenueMiscGrp/Desc0ENTERPRISE ZONE CONSULTATION
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IRS990/PrincipalOfficerNm0ANGELA GRIFFIN
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0COLES TOGETHER ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH FASB ASC 740-10. FASB ASC 740-10 PROVIDES DETAILED GUIDANCE FOR THE FINANCIAL STATEMENTS RECOGNITION, MEASUREMENT, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS. COLES TOGETHER FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL AND STATE OF ILLINOIS JURISDICTIONS, AS WELL AS RETURNS REPRESENTING UNRELATED BUSINESS INCOME IN BOTH THE U.S. FEDERAL AND STATE OF ILLINOIS JURISDICITONS. THE ORGANIZATION'S FEDERAL AND STATE INFORMATIONAL AND UNRELATED BUSINESS INCOME TAX RETURNS ARE SUBJECT TO POSSIBLE EXAMINATION. IN GENERAL, THESE RETURNS HAVE A THREE YEAR STATUTE OF LIMITATIONS. COLES TOGETHER IS NOT CURRENTLY SUBJECT TO AN EXAMINATION OF THE ORGANIZATION'S RETURNS BY ANY OF THESE TAX AUTHROITIES. AS OF SEPTEMEBER 30, 2015, COLES TOGETHER HAS NO UNRECOGNIZED TAX BENEFITS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSES 109,303
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES 109,303
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02766539
IRS990ScheduleD/TotalExpensesPerForm990Amt0261119
IRS990ScheduleD/TotalRevenuePerForm990Amt0363673
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0472976
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0370422
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRIOR TO SUBMISSION, THE BOARD OF DIRECTORS MEET TO REVIEW THE MATERIALS CONTAINED IN THE 990 AND THE FINANCIAL STATEMENTS. AFTER APPROVAL, MANAGEMENT IS AUTHORIZED TO FILE THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST STATEMENTS ARE FILLED OUT BY DIRECTORS ANNUALLY AND ARE REVIEWED WHEN RECEIVED.

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