Civic Intelligence

Chippewa Valley Incubation Center Inc

990 • Fiscal year 2019 • EIN 39-1578010

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 30, 2020

3132 Louis AvenueEau Claire, WI 54703

(715) 836-2842

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.41x

Higher debt load relative to assets than 83% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

94th percentile

2.27x

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

15th percentile

-17%

Higher net margin than 15% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

33rd percentile

-2.0%

Faster asset growth than 33% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

62nd percentile

11%

Faster revenue growth than 62% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$573,510

Down $11,603 (-2.0%) from 2018

Net Assets

Down

$338,431

Down $17,667 (-5.0%) from 2018

Liabilities

Up

$235,079

Up $6,064 (+2.6%) from 2018

Revenue

Up

$103,680

Up $10,453 (+11%) from 2018

Expenses

Up

$121,347

Up $24,231 (+25%) from 2018

Net Income

Down

-$17,667

Down $13,778 (-354%) from 2018

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: $636,696Liabilities 2010: $334,366Net Assets 2010: $302,3302010Assets 2011: $522,313Liabilities 2011: $219,845Net Assets 2011: $302,4682011Assets 2012: $519,317Liabilities 2012: $217,484Net Assets 2012: $301,8332012Assets 2013: $507,324Liabilities 2013: $224,035Net Assets 2013: $283,2892013Assets 2014: $576,108Liabilities 2014: $224,303Net Assets 2014: $351,8052014Assets 2015: $611,058Liabilities 2015: $235,509Net Assets 2015: $375,5492015Assets 2016: $605,225Liabilities 2016: $231,739Net Assets 2016: $373,4862016Assets 2017: $586,331Liabilities 2017: $226,344Net Assets 2017: $359,9872017Assets 2018: $585,113Liabilities 2018: $229,015Net Assets 2018: $356,0982018Assets 2019: $573,510Liabilities 2019: $235,079Net Assets 2019: $338,4312019Assets 2020: $577,208Liabilities 2020: $227,209Net Assets 2020: $349,9992020Assets 2021: $567,840Liabilities 2021: $230,937Net Assets 2021: $336,9032021Assets 2022: $593,614Liabilities 2022: $237,358Net Assets 2022: $356,2562022Assets 2023: $627,743Liabilities 2023: $241,087Net Assets 2023: $386,6562023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2019

Assets$573,510
Liabilities$235,079
Net Assets$338,431

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $88,8702010Expenses 2011: $86,6112011Expenses 2012: $81,5792012Revenue 2013: $54,917Expenses 2013: $73,461Net Income 2013: -$18,5442013Revenue 2014: $153,086Expenses 2014: $84,570Net Income 2014: $68,5162014Revenue 2015: $86,886Expenses 2015: $96,083Net Income 2015: -$9,1972015Revenue 2016: $95,243Expenses 2016: $97,306Net Income 2016: -$2,0632016Revenue 2017: $84,436Expenses 2017: $97,935Net Income 2017: -$13,4992017Revenue 2018: $93,227Expenses 2018: $97,116Net Income 2018: -$3,8892018Revenue 2019: $103,680Expenses 2019: $121,347Net Income 2019: -$17,6672019Revenue 2020: $127,506Expenses 2020: $115,938Net Income 2020: $11,5682020Revenue 2021: $74,505Expenses 2021: $87,601Net Income 2021: -$13,0962021Revenue 2022: $104,808Expenses 2022: $85,455Net Income 2022: $19,3532022Revenue 2023: $114,598Expenses 2023: $84,198Net Income 2023: $30,4002023Revenue 2024: $782,224Expenses 2024: $88,880Net Income 2024: $693,3442024

Highlighted filing

2019

Revenue$103,680
Expenses$121,347
Net Income-$17,667
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 30, 2020
Return Version
2019v5.1
Gross Receipts
$103,680
Mission and Program Overview

Mission

Chippewa valley innovation center, inc. Promotes industrial development and reduces small business failures by providing instruction in accounting, marketing, staffing, and other business needs of the inexperienced entrepreneur. Chippewa valley innovation center, inc. Also provides flexible, low-cost building accomodations for businesses to operate and access to a loan program with the purpose of providing direct loans or guaranteeing loans up to $50,000.

Promoting industrial development and reducing small business failures.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$230,395$209,011▼ $21,384
Cash and Non-Interest-Bearing Accounts$77,596$96,207▲ $18,611
Savings and Temporary Cash Investments$33,257$33,839▲ $582
Accounts Receivable$10,873$0▼ $10,873
Prepaid Expenses and Deferred Charges$1,181$1,151▼ $30
Total Assets$585,113$573,510▼ $11,603
Other Assets Total$231,811$233,302▲ $1,491
Liabilities
Other Liabilities$221,914$223,341▲ $1,427
Accounts Payable and Accrued Expenses$7,101$11,738▲ $4,637
Total Liabilities$229,015$235,079▲ $6,064
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$356,098$338,431▼ $17,667
Total Net Assets Fund Balance$356,098$338,431▼ $17,667
Total Liabilities and Net Assets / Fund Balance$585,113$573,510▼ $11,603

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$160,335$422,105$582,440
Land$41,887-$41,887
Equipment$6,789$29,972$36,761
Other Assets Org$233,302--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ray FrenchPresident
Tom WalduskyVice-president
Brad PoquetteBoard Member
Deb LeslieBoard Member
Julie ThoneyBoard Member
Laura BenjaminBoard Member
Luke HansonBoard Member
Patrick LavelleBoard Member
Steven GerrishBoard Member
Tom HuffcuttBoard Member
Jill ChristophersonSecretary
Luke KempenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$37,694
Program Service Revenue
$65,341
Investment Income
$645
Other Revenue
$0
All Other Contributions
$6,394
Change in Net Assets
$-17,667

Audited Revenue Reconciliation

Revenue per Audited Statements
$103,680
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$5,000
Total Revenue per Audited Statements
$108,680
Total Revenue per Form 990
$103,680
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$121,347
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
Occupancy$30,558--$30,558
Fees for Services Management-$21,796-$21,796
Depreciation Depletion$21,384--$21,384
Office Expenses$4,476$4,192-$8,668
Insurance-$4,633-$4,633
Other Expenses$13,271$4,073-$4,073
Fees for Services Accounting-$3,913-$3,913
All Other Expenses-$1,596-$1,596
Advertising-$1,453-$1,453
Interest-$2-$2
Total Functional Expenses$69,689$51,658$0$121,347

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$126,347
Expenses per Audited Statements$121,347
Total Expenses per Form 990$121,347
Expenses Not Reported on Form 990$5,000
Expenses Not Reported on Financial Statements$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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan Pool Payable Restricted to Repay Depositors$223,341
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Management duties delegated
No

Governance Explanations

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

The treasurer of the organization reviews the form 990 and it is approved by the board before it is filed.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Chippewa Valley Innovation Center Inc
EIN
39-1578010
Phone
7158362842
Address
3132 LOUIS AVENUE, EAU CLAIRE, WI 54703

Signing Officer

Name
Ray French
Title
President
Phone
7158362842
Signed
2020-09-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ray French
Formed
1988
Legal Domicile
Wi
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
12

Preparer

Firm
Wipfli Llp
Address
4890 OWEN AYRES COURT SUITE 200, EAU CLAIRE, WI 54701
Preparer
Dan Walker CPA
Phone
7158323407
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IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt097116
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt093227
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-17667
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt065341
IRS990/SavingsAndTempCashInvstGrp/BOYAmt033257
IRS990/SavingsAndTempCashInvstGrp/EOYAmt033839
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt037250
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt037575
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt037575
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt040425
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt074315
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0227140
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0645
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0562
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0537
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0456
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0351
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02551
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt065341
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt055090
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt046324
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt054362
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt045161
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0266278
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0645
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0562
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0537
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0456
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0351
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02551
IRS990ScheduleA/InvestmentIncomeCYPct00.00510
IRS990ScheduleA/InvestmentIncomePYPct00.00350
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99490
IRS990ScheduleA/PublicSupportPY509Pct00.71270
IRS990ScheduleA/PublicSupportTotal509Amt0493418
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0102591
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt092665
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt083899
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt094787
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0119476
IRS990ScheduleA/Total509Grp/TotalAmt0493418
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0103236
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt093227
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt084436
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt095243
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0119827
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0495969
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0160335
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0422105
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0582440
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt05000
IRS990ScheduleD/DonatedServicesUseFcltsAmt05000
IRS990ScheduleD/EquipmentGrp/BookValueAmt06789
IRS990ScheduleD/EquipmentGrp/DepreciationAmt029972
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt036761
IRS990ScheduleD/ExpensesNotReportedAmt05000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0121347
IRS990ScheduleD/LandGrp/BookValueAmt041887
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt041887
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0233302
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LOAN POOL DEPOSITS RESTRICTED FOR LOAN GUARANTEES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0223341
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOAN POOL PAYABLE RESTRICTED TO REPAY DEPOSITORS
IRS990ScheduleD/RevenueNotReportedAmt05000
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0103680
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0209011
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0233302
IRS990ScheduleD/TotalExpensesPerForm990Amt0121347
IRS990ScheduleD/TotalLiabilityAmt0223341
IRS990ScheduleD/TotalRevenuePerForm990Amt0103680
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0108680
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0126347
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TREASURER OF THE ORGANIZATION REVIEWS THE FORM 990 AND IT IS APPROVED BY THE BOARD BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0585113
IRS990/TotalAssetsEOYAmt0573510
IRS990/TotalAssetsGrp/BOYAmt0585113
IRS990/TotalAssetsGrp/EOYAmt0573510
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt037694
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt051658
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt069689
IRS990/TotalFunctionalExpensesGrp/TotalAmt0121347
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0229015
IRS990/TotalLiabilitiesEOYAmt0235079
IRS990/TotalLiabilitiesGrp/BOYAmt0229015
IRS990/TotalLiabilitiesGrp/EOYAmt0235079
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0356098
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0338431
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt069689
IRS990/TotalProgramServiceRevenueAmt065341
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0645
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt065341
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0103680

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$7.82$0.89$6.93
2023Detailed filing. Detailed filing data is available for this year.$6.28$2.41$3.87$1.15$0.84$0.30
2022Detailed filing. Detailed filing data is available for this year.$5.94$2.37$3.56$1.05$0.85$0.19
2021Detailed filing. Detailed filing data is available for this year.$5.68$2.31$3.37$0.75$0.88$0.13
2020Detailed filing. Detailed filing data is available for this year.$5.77$2.27$3.50$1.28$1.16$0.12
2019Detailed filing. Detailed filing data is available for this year.$5.74$2.35$3.38$1.04$1.21$0.18
2018Detailed filing. Detailed filing data is available for this year.$5.85$2.29$3.56$0.93$0.97$0.04
2017Detailed filing. Detailed filing data is available for this year.$5.86$2.26$3.60$0.84$0.98$0.13
2016Detailed filing. Detailed filing data is available for this year.$6.05$2.32$3.73$0.95$0.97$0.02
2015Detailed filing. Detailed filing data is available for this year.$6.11$2.36$3.76$0.87$0.96$0.09
2014Detailed filing. Detailed filing data is available for this year.$5.76$2.24$3.52$1.53$0.85$0.69
2013Detailed filing. Detailed filing data is available for this year.$5.07$2.24$2.83$0.55$0.73$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.19$2.17$3.02$0.82
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.22$2.20$3.02$0.87
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.37$3.34$3.02$0.89