Civic Intelligence

Specialized Language Development Center

990 • Fiscal year 2022 • EIN 38-2055709

Jul 01, 2021 to Jun 30, 2022 • Filed on Dec 09, 2022

5250 Lovers Lane Suite Ll100Kalamazoo, MI 49002

(269) 345-2661

Siviq Scores

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

Liabilities / Assets

80th percentile

0.27x

Higher debt load relative to assets than 80% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

77th percentile

0.21x

Higher debt load relative to revenue than 77% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

14th percentile

-24%

Higher net margin than 14% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2022

Asset Growth

8th percentile

-25%

Faster asset growth than 8% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

15th percentile

-28%

Faster revenue growth than 15% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Down

$568,908

Down $190,720 (-25%) from 2021

Net Assets

Down

$412,569

Down $179,276 (-30%) from 2021

Liabilities

Down

$156,339

Down $11,444 (-6.8%) from 2021

Revenue

Down

$735,893

Down $279,536 (-28%) from 2021

Expenses

Up

$915,169

Up $113,184 (+14%) from 2021

Net Income

Down

-$179,276

Down $392,720 (-184%) from 2021

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $433,555Liabilities 2011: $151,346Net Assets 2011: $282,2092011Assets 2012: $462,463Liabilities 2012: $151,596Net Assets 2012: $310,8672012Assets 2013: $520,335Liabilities 2013: $159,204Net Assets 2013: $361,1312013Assets 2014: $499,738Liabilities 2014: $177,837Net Assets 2014: $321,9012014Assets 2015: $508,501Liabilities 2015: $149,907Net Assets 2015: $358,5942015Assets 2016: $473,209Liabilities 2016: $157,137Net Assets 2016: $316,0722016Assets 2017: $650,854Liabilities 2017: $189,721Net Assets 2017: $461,1332017Assets 2018: $677,399Liabilities 2018: $219,060Net Assets 2018: $458,3392018Assets 2019: $678,634Liabilities 2019: $208,664Net Assets 2019: $469,9702019Assets 2020: $684,927Liabilities 2020: $306,526Net Assets 2020: $378,4012020Assets 2021: $759,628Liabilities 2021: $167,783Net Assets 2021: $591,8452021Assets 2022: $568,908Liabilities 2022: $156,339Net Assets 2022: $412,5692022Assets 2023: $375,575Liabilities 2023: $241,041Net Assets 2023: $134,5342023Assets 2024: $302,967Liabilities 2024: $230,517Net Assets 2024: $72,4502024

Highlighted filing

2022

Assets$568,908
Liabilities$156,339
Net Assets$412,569

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $663,8402011Expenses 2012: $703,4712012Revenue 2013: $795,705Expenses 2013: $745,441Net Income 2013: $50,2642013Revenue 2014: $774,253Expenses 2014: $813,483Net Income 2014: -$39,2302014Revenue 2015: $841,991Expenses 2015: $805,298Net Income 2015: $36,6932015Revenue 2016: $773,418Expenses 2016: $815,941Net Income 2016: -$42,5232016Revenue 2017: $1,045,529Expenses 2017: $900,468Net Income 2017: $145,0612017Revenue 2018: $958,834Expenses 2018: $961,628Net Income 2018: -$2,7942018Revenue 2019: $901,177Expenses 2019: $889,546Net Income 2019: $11,6312019Revenue 2020: $758,801Expenses 2020: $850,370Net Income 2020: -$91,5692020Revenue 2021: $1,015,429Expenses 2021: $801,985Net Income 2021: $213,4442021Revenue 2022: $735,893Expenses 2022: $915,169Net Income 2022: -$179,2762022Revenue 2023: $726,226Expenses 2023: $1,004,261Net Income 2023: -$278,0352023Revenue 2024: $845,312Expenses 2024: $907,396Net Income 2024: -$62,0842024

Highlighted filing

2022

Revenue$735,893
Expenses$915,169
Net Income-$179,276
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Dec 9, 2022
Return Version
2021v4.0
Gross Receipts
$735,893
Mission and Program Overview

Mission

To assist individuals with learning disabilities in the west michigan region.

Our mission is threefold: helping individuals with dyslexia, learning differences, and other reading challenges to develop lifelong language skills through our multisensory program; assisting educators to identify learning challenges by providing training and techniques to enhance their reading curriculum; increasing community awareness and understanding of literacy issues.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$534,527$287,359▼ $247,168
Pledges and Grants Receivable$113,532$205,277▲ $91,745
Accounts Receivable$94,222$63,269▼ $30,953
Land, Buildings, and Equipment, Net$13,673$9,970▼ $3,703
Prepaid Expenses and Deferred Charges$3,674$3,033▼ $641
Total Assets$759,628$568,908▼ $190,720
Liabilities
Deferred Revenue$126,129$112,649▼ $13,480
Accounts Payable and Accrued Expenses$41,654$43,690▲ $2,036
Total Liabilities$167,783$156,339▼ $11,444
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$370,122$228,078▼ $142,044
Net Assets With Donor Restrictions$221,723$184,491▼ $37,232
Total Net Assets Fund Balance$591,845$412,569▼ $179,276
Total Liabilities and Net Assets / Fund Balance$759,628$568,908▼ $190,720

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,744$74,602$77,346
Leasehold Improvements$7,226$14,452$21,678
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mindi FitzpatrickCFOFT$54,140$54,140
Carol McglinnCOOFT$51,333$51,333
Kaylyne EichlerCEOFT$42,175$42,175

Board Members and Trustees

NameTitle
Peter EldridgePresident
Dr Michael RyanTrustee
Jerry BrownTrustee
Julie GarsideTrustee
Nick HutchisonTrustee
Nicole WallerTrustee
Stephanie MeansTrustee
Susan SchwallieTrustee
Tony BakerSecretary
Adam WagnerTreasurer
Hilary ArthurVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$294,135
Program Service Revenue
$345,717
Investment Income
$1,296
Other Revenue
$94,745
All Other Contributions
$234,735
Change in Net Assets
$-179,276

Audited Revenue Reconciliation

Revenue per Audited Statements
$735,893
Total Revenue per Audited Statements
$735,893
Total Revenue per Form 990
$735,893
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$670,821
Other Expenses$237,160
Total Fundraising Expense$19,152
Grants and Similar Amounts Paid$7,188
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$404,929$65,603-$470,532
Current Officers, Directors, Trustees, and Key Employees$29,530$105,181$12,937$147,648
Payroll Taxes$37,700$13,908$1,033$52,641
Fees for Services Accounting-$35,879-$35,879
All Other Expenses$16,319$10,678$4,677$31,674
Occupancy$25,107$4,428-$29,535
Office Expenses-$27,908-$27,908
Other Expenses$15,750$4,225-$15,750
Information Technology-$8,116$505$8,621
Grants to Domestic Individuals$7,188--$7,188
Depreciation Depletion-$3,703-$3,703
Total Functional Expenses$616,388$279,629$19,152$915,169

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$915,169
Total Expenses per Audited Statements$915,169
Total Expenses per Form 990$915,169
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
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

Draft of form 990 presented to board of directors and approved before filing.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Specialized Language Development
EIN
38-2055709
Phone
2693452661
Address
5250 LOVERS LANE SUITE LL100, KALAMAZOO, MI 49002
Doing Business As
Sld Read

Signing Officer

Name
Peter Eldridge
Title
President
Phone
2693452661
Signed
2022-12-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Eldridge
Formed
1974
Legal Domicile
Mi
Voting Board Members
11
Independent Board Members
11
Employees
90
Volunteers
26

Preparer

Firm
Seber Tans Plc
Address
555 W CROSSTOWN PARKWAY STE 304, KALAMAZOO, MI 49008
Preparer
Thomas J Horwath
Phone
2693438180
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item C

SLD READ

FORM 990 - ORGANIZATION'S MISSION

Our mission is threefold: helping individuals with dyslexia, learning differences, and other reading challenges to develop lifelong language skills through our multisensory program; assisting educators to identify learning challenges by providing training and techniques to enhance their reading curriculum; increasing community awareness and understanding of literacy issues.

Financial Statement Notes

Schedule D, Page 3, Part X

The internal revenue service has determined the organization is exempt from federal income taxes under section 501(c)(3) of the internal revenue code.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTERNAL REVENUE SERVICE HAS DETERMINED THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SLD READ
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OUR MISSION IS THREEFOLD: HELPING INDIVIDUALS WITH DYSLEXIA, LEARNING DIFFERENCES, AND OTHER READING CHALLENGES TO DEVELOP LIFELONG LANGUAGE SKILLS THROUGH OUR MULTISENSORY PROGRAM; ASSISTING EDUCATORS TO IDENTIFY LEARNING CHALLENGES BY PROVIDING TRAINING AND TECHNIQUES TO ENHANCE THEIR READING CURRICULUM; INCREASING COMMUNITY AWARENESS AND UNDERSTANDING OF LITERACY ISSUES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DRAFT OF FORM 990 PRESENTED TO BOARD OF DIRECTORS AND APPROVED BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.30$0.23$0.07$0.85$0.91$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.38$0.24$0.13$0.73$1.00$0.28
2022Detailed filing. Detailed filing data is available for this year.$0.57$0.16$0.41$0.74$0.92$0.18
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$0.17$0.59$1.02$0.80$0.21
2020Detailed filing. Detailed filing data is available for this year.$0.68$0.31$0.38$0.76$0.85$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.68$0.21$0.47$0.90$0.89$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.68$0.22$0.46$0.96$0.96$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.65$0.19$0.46$1.05$0.90$0.15
2016Detailed filing. Detailed filing data is available for this year.$0.47$0.16$0.32$0.77$0.82$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.51$0.15$0.36$0.84$0.81$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.50$0.18$0.32$0.77$0.81$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.16$0.36$0.80$0.75$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.15$0.31$0.70
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.15$0.28$0.66