Civic Intelligence

Cooperative Development Fund of Cds

990 • Fiscal year 2016 • EIN 39-1540529

Sep 01, 2015 to Aug 31, 2016 • Filed on Jan 17, 2017

131 West Wilson St Room 302Madison, WI 53703

(651) 265-3678

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.79x

Higher debt load relative to assets than 93% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

92nd percentile

0.44x

Higher debt load relative to revenue than 92% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

57th percentile

6.1%

Higher net margin than 57% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

99th percentile

$126,829

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 36.7% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

23rd percentile

-16%

Faster asset growth than 23% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

33rd percentile

-11%

Faster revenue growth than 33% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$191,816

Down $36,557 (-16%) from 2015

Net Assets

Up

$40,753

Up $21,025 (+107%) from 2015

Liabilities

Down

$151,063

Down $57,582 (-28%) from 2015

Revenue

Down

$345,583

Down $42,308 (-11%) from 2015

Expenses

Down

$324,558

Down $107,811 (-25%) from 2015

Net Income

Up

$21,025

Up $65,503 (+147%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $319,263Liabilities 2010: $214,016Net Assets 2010: $105,2472010Assets 2011: $349,420Liabilities 2011: $178,959Net Assets 2011: $170,4612011Assets 2012: $424,300Liabilities 2012: $235,379Net Assets 2012: $188,9212012Assets 2013: $219,454Liabilities 2013: $181,012Net Assets 2013: $38,4422013Assets 2014: $219,418Liabilities 2014: $155,212Net Assets 2014: $64,2062014Assets 2015: $228,373Liabilities 2015: $208,645Net Assets 2015: $19,7282015Assets 2016: $191,816Liabilities 2016: $151,063Net Assets 2016: $40,7532016Assets 2017: $17,971Liabilities 2017: $02017Assets 2018: $157,253Liabilities 2018: $4,438Net Assets 2018: $152,8152018Assets 2019: $132,963Liabilities 2019: $6,400Net Assets 2019: $126,5632019Assets 2020: $101,597Liabilities 2020: $1,000Net Assets 2020: $100,5972020Assets 2021: $600,636Liabilities 2021: $953Net Assets 2021: $599,6832021Assets 2022: $866,724Liabilities 2022: $1,885Net Assets 2022: $864,8392022Assets 2023: $1,236,003Liabilities 2023: $10,927Net Assets 2023: $1,225,0762023Assets 2024: $356,066Liabilities 2024: $18,542Net Assets 2024: $337,5242024

Highlighted filing

2016

Assets$191,816
Liabilities$151,063
Net Assets$40,753

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2010: $426,323Expenses 2010: $318,907Net Income 2010: $107,4162010Expenses 2011: $404,8192011Expenses 2012: $500,8062012Revenue 2013: $257,444Expenses 2013: $407,923Net Income 2013: -$150,4792013Revenue 2014: $491,023Expenses 2014: $465,259Net Income 2014: $25,7642014Revenue 2015: $387,891Expenses 2015: $432,369Net Income 2015: -$44,4782015Revenue 2016: $345,583Expenses 2016: $324,558Net Income 2016: $21,0252016Revenue 2017: $68,768Expenses 2017: $115,924Net Income 2017: -$47,1562017Revenue 2018: $494,381Expenses 2018: $453,813Net Income 2018: $40,5682018Revenue 2019: $190,015Expenses 2019: $216,267Net Income 2019: -$26,2522019Revenue 2020: $75,067Expenses 2020: $101,033Net Income 2020: -$25,9662020Revenue 2021: $653,895Expenses 2021: $154,809Net Income 2021: $499,0862021Revenue 2022: $1,248,799Expenses 2022: $983,643Net Income 2022: $265,1562022Revenue 2023: $1,309,497Expenses 2023: $949,260Net Income 2023: $360,2372023Revenue 2024: $788,567Expenses 2024: $1,676,119Net Income 2024: -$887,5522024

Highlighted filing

2016

Revenue$345,583
Expenses$324,558
Net Income$21,025
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Jan 17, 2017
Return Version
2015v3.0
Gross Receipts
$345,583
Mission and Program Overview

Mission

To help start and grow cooperatively owned enterprises

To build, support, and strengthen organizatoins that contribute to cooperative and sustainable development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$78,856$77,448▼ $1,408
Pledges and Grants Receivable$55,023$53,937▼ $1,086
Accounts Receivable$42,684$41,112▼ $1,572
Cash and Non-Interest-Bearing Accounts$51,549$18,377▼ $33,172
Prepaid Expenses and Deferred Charges$261$942▲ $681
Total Assets$228,373$191,816▼ $36,557
Liabilities
Other Liabilities$159,779$128,718▼ $31,061
Accounts Payable and Accrued Expenses$48,866$22,345▼ $26,521
Total Liabilities$208,645$151,063▼ $57,582
Net Assets / Fund Balance
Temporarily Rstr Net Assets$118,734$107,668▼ $11,066
Unrestricted Net Assets$-99,006$-66,915▲ $32,091
Total Net Assets Fund Balance$19,728$40,753▲ $21,025
Total Liabilities and Net Assets / Fund Balance$228,373$191,816▼ $36,557

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$8,878$8,878
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin EdbergExecutive DirectorPT$78,634$48,195$126,829

Board Members and Trustees

NameTitle
Gary SloanChair
Dave HolmVice Chair
Alison DeelstraDirector
Ann FedorchakDirector
Chris KopkaDirector
Collie GraddickDirector
Dave SwansonDirector
David WardDirector
Gail GrahamDirector
Greg KrugerDirector
Rachel HansonDirector
Ted KjosDirector
Michelle SchrySecretary-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$342,911
Program Service Revenue
$1,716
Investment Income
$956
Other Revenue
$0
All Other Contributions
$142,911
Change in Net Assets
$21,025
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$237,486
Other Expenses$87,072
Total Fundraising Expense$30,523
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$87,398$17,480$11,653$116,531
Current Officers, Directors, Trustees, and Key Employees$48,360$9,672$6,448$64,480
Other Employee Benefits$12,722$5,819$3,581$22,122
Fees for Services Other$19,404--$19,404
Occupancy$10,113$4,528$2,787$17,428
Pension Plan Contributions$12,492$2,981$1,842$17,315
Payroll Taxes$12,549$2,774$1,715$17,038
Fees for Services Accounting-$16,028-$16,028
Travel$11,831$724$445$13,000
Other Expenses$6,272$2,155$386$6,272
Office Expenses$3,406$1,392$878$5,676
Insurance$2,563$1,148$706$4,417
Interest$34$158$51$243
Advertising--$31$31
Total Functional Expenses$228,546$65,489$30,523$324,558
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$128,718
Due to Cooperative Development Services Inc-
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The draft IRS form 990 is reviewed by the Executive Director for completeness, any updates, language changes, or any other changes. Once he has completed any needed edits the form 990 is circulated to the Board of Directors for review, comments, questions.

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

The Board of Directors prepares new conflict of interest documents and reviews the procedure annually at the second meeting of the year, which is also the annual meeting. Should any conflict arise, the Board Member recuses themself from deliberations and decisions.

Form 990, Part VI, Section B, Line 15

The Board of Directors conducts salary reviews for the Executive Director using public data bases on the occasion of any increases. The Executive Director conducts such research for other staff and is empowered by the Board of Directors to make salary adjustments for staff.

Form 990, Part VI, Section B, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Cooperative Development Fund of CDS
EIN
39-1540529
Phone
6512653678
Address
131 West Wilson St Room 302, Madison, WI 53703

Signing Officer

Name
Gary Sloan
Title
Chair
Signed
2017-01-17
Discuss with paid preparer
Yes

Organization Details

Formed
1985
Legal Domicile
Wi
Voting Board Members
14
Independent Board Members
13
Employees
5

Preparer

Firm
Accede CPA
Address
7 N Pinckney St Ste 235, Madison, WI 53703
Preparer
Catherine A Joy
Phone
6082096421
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt012722
IRS990/OtherEmployeeBenefitsGrp/TotalAmt022122
IRS990/OtherExpensesGrp/Desc0Personal Property Tax
IRS990/OtherExpensesGrp/Desc1Dues and Subscriptions
IRS990/OtherExpensesGrp/Desc2Donations
IRS990/OtherExpensesGrp/Desc3Bad Debt
IRS990/OtherExpensesGrp/FundraisingAmt0386
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1628
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22155
IRS990/OtherExpensesGrp/ProgramServicesAmt01402
IRS990/OtherExpensesGrp/ProgramServicesAmt16272
IRS990/OtherExpensesGrp/TotalAmt02
IRS990/OtherExpensesGrp/TotalAmt12416
IRS990/OtherExpensesGrp/TotalAmt22155
IRS990/OtherExpensesGrp/TotalAmt36272
IRS990/OtherLiabilitiesGrp/BOYAmt0159779
IRS990/OtherLiabilitiesGrp/EOYAmt0128718
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt011653
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt017480
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt087398
IRS990/OtherSalariesAndWagesGrp/TotalAmt0116531
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01715
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02774
IRS990/PayrollTaxesGrp/ProgramServicesAmt012549
IRS990/PayrollTaxesGrp/TotalAmt017038
IRS990/PensionPlanContributionsGrp/FundraisingAmt01842
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02981
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt012492
IRS990/PensionPlanContributionsGrp/TotalAmt017315
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0261
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0942
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IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/Desc0Program Service Revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01716
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01716
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0366646
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt09598
IRS990/PYInvestmentIncomeAmt0401
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0128455
IRS990/PYProgramServiceRevenueAmt020844
IRS990/PYRevenuesLessExpensesAmt0-44478
IRS990/PYSalariesCompEmpBnftPaidAmt0294316
IRS990/PYTotalExpensesAmt0432369
IRS990/PYTotalRevenueAmt0387891
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt021025
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0345583
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt078856
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0311
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01716
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt017202
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0956
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0401
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0311
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IRS990ScheduleA/InvestmentIncomeCYPct00.00120
IRS990ScheduleA/InvestmentIncomePYPct00.00120
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
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IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0484916
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0257133
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0518827
IRS990ScheduleA/Total509Grp/TotalAmt01992993
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0345583
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0387891
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0485252
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0257444
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0519266
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01995436
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt02152
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus3Amt0150
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt02302
IRS990ScheduleC/Form4720FiledInd0false
IRS990ScheduleC/LobbyingCeilingAmt03453
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08878
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08878
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0128718
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Due to Cooperative Development Services Inc
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.36$0.02$0.34$0.79$1.68$0.89
2023Detailed filing. Detailed filing data is available for this year.$1.24$0.01$1.23$1.31$0.95$0.36
2022Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.86$1.25$0.98$0.27
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.00$0.60$0.65$0.15$0.50
2020Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.08$0.10$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.13$0.01$0.13$0.19$0.22$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.16$0.00$0.15$0.49$0.45$0.04
2017Summary only. Only limited summary data is available for this year.$0.02$0.00$0.07$0.12$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.19$0.15$0.04$0.35$0.32$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.23$0.21$0.02$0.39$0.43$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.22$0.16$0.06$0.49$0.47$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.18$0.04$0.26$0.41$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.24$0.19$0.50
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.18$0.17$0.40
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.21$0.11$0.43$0.32$0.11