Civic Intelligence

Coal Trading Association Inc

990 • Fiscal year 2013 • EIN 39-1991999

Jan 01, 2013 to Dec 31, 2013 • Filed on Mar 31, 2014

2001 Jefferson Davis HighwayNorfolk, VA 22202

(703) 418-0392

Siviq Scores

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

Liabilities / Assets

77th percentile

0.15x

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

2013 filings • 501(c)6 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

85th percentile

0.21x

Higher debt load relative to revenue than 85% of similar nonprofits.

2013 filings • 501(c)6 • <$500k nonprofits • Source year 2013

Net Margin

71st percentile

11%

Higher net margin than 71% of similar nonprofits.

2013 filings • 501(c)6 • <$500k nonprofits • Source year 2013

Top Officer Pay

67th percentile

$0

Higher top officer pay than 67% of similar nonprofits.

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

2013 filings • 501(c)6 • <$500k nonprofits • Source year 2013

Asset Growth

68th percentile

13%

Faster asset growth than 68% of similar nonprofits.

2013 filings • 501(c)6 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

50th percentile

1.7%

Faster revenue growth than 50% of similar nonprofits.

2013 filings • 501(c)6 • <$500k nonprofits • Annualized from 2012 to 2013

Assets

Up

$128,590

Up $14,850 (+13%) from 2012

Net Assets

Up

$109,468

Up $10,251 (+10%) from 2012

Liabilities

Up

$19,122

Up $4,599 (+32%) from 2012

Revenue

Up

$91,090

Up $1,530 (+1.7%) from 2012

Expenses

Down

$80,839

Down $264 (-0.3%) from 2012

Net Income

Up

$10,251

Up $1,794 (+21%) from 2012

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2010: $106,051Liabilities 2010: $9,824Net Assets 2010: $96,2272010Assets 2011: $100,380Liabilities 2011: $9,620Net Assets 2011: $90,7602011Assets 2012: $113,740Liabilities 2012: $14,523Net Assets 2012: $99,2172012Assets 2013: $128,590Liabilities 2013: $19,122Net Assets 2013: $109,4682013Assets 2014: $115,598Liabilities 2014: $6,210Net Assets 2014: $109,3882014Assets 2015: $111,710Liabilities 2015: $5,808Net Assets 2015: $105,9022015Assets 2016: $103,705Liabilities 2016: $50Net Assets 2016: $103,6552016

Highlighted filing

2013

Assets$128,590
Liabilities$19,122
Net Assets$109,468

Operations Trend

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

$150K$100K$50K$0-$50KExpenses 2010: $91,3122010Expenses 2011: $100,2002011Revenue 2012: $89,560Expenses 2012: $81,103Net Income 2012: $8,4572012Revenue 2013: $91,090Expenses 2013: $80,839Net Income 2013: $10,2512013Revenue 2014: $75,606Expenses 2014: $75,686Net Income 2014: -$802014Revenue 2015: $59,223Expenses 2015: $62,709Net Income 2015: -$3,4862015Revenue 2016: $53,784Expenses 2016: $56,031Net Income 2016: -$2,2472016

Highlighted filing

2013

Revenue$91,090
Expenses$80,839
Net Income$10,251
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Mar 31, 2014
Return Version
2013v3.1
Gross Receipts
$91,090
Mission and Program Overview

Mission

The mission of the coal trading association is to promote efficient and effective coal trading practices and procedures and to servce its membership and the public. The association will pursue this mission through the following objectives: (1) promote the advancement and application of policy programs, practices and regulations relevant to market-based coal trading, (2) encourage and facilitate appropriate information exchange among members and other interested professional and technical groups and (3) provide programs in education and training to improve knowledge, skills and practice tools of members.

The mission of the Coal Trading Association is to promote efficient and effective coal trading practices and procedures and to serve its membership and the public. The Association will pursue this mission through the following objectives:- Promote the advancement and application of policy programs, practices and regulations relevant to market-based coal trading.- Encourage and facilitate appropriate information exchange among members and other interested professional and technical groups.- Provide programs in education and training to improve knowledge, skills and practice tools of members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$113,740$128,590▲ $14,850
Rtn Earn Endowment Incm Other Fnds$99,217$109,468▲ $10,251
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$113,740$128,590▲ $14,850
Other Assets Total-$0-
Liabilities
Deferred Revenue$6,000$10,000▲ $4,000
Accounts Payable and Accrued Expenses$8,523$9,122▲ $599
Total Liabilities$14,523$19,122▲ $4,599
Net Assets / Fund Balance
Total Net Assets Fund Balance$99,217$109,468▲ $10,251
Total Liabilities and Net Assets / Fund Balance$113,740$128,590▲ $14,850
Compensation and Service Providers

Board Members and Trustees

NameTitle
Matt MoorePresident
Dan VaughnVice President
Bernie MuichDirector
Chris DukeDirector
Karthik KrishnamurthyDirector
Mark SandersDirector
Sean MurphyDirector
Robert E McLeanExec. Director
Steve WatsonSecretary
Ryan GentilTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$90,886
Investment Income
$204
Other Revenue
$0
Change in Net Assets
$10,251
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$80,839
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
Conferences and Meetings---$46,845
Fees for Services Management---$23,925
Office Expenses---$2,878
Information Technology---$1,259
Fees for Services Accounting---$1,019
Other Expenses---$941
Fees for Services Legal---$867
Insurance---$810
Fees for Services Other---$209
Travel---$130
Total Functional Expenses$0$0$0$80,839
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

A management company performs day-to-day activities of the organization.

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

There are two classes of membership:(A) Nonvoting Membership: Any (1) corporation or other business entity engaged in commercial coal trading (a Corporate Member), (2) employee of a government agency, academic institution of other nonprofit organization, or (3) student may be considered for membership as a nonvoting member if such person or entity, as the case may be, is interested in accomplishing the mission and objectives of the association and contributes at least the minimum amount of dues may be determined by the board from time to time. A Nonvoting Member shall have the exclusive privilege of representing himself, herself or itself, as the case may be, as a member of the association but shall not have the privilege of voting or holding any office.(B) Voting Member: A person of good character who is employed by a corporate member. Having the status of a Nonvoting Member shall be eligible for membership in the association as a Voting Member if such person is nominated for voting membership by such corporate member, provided, however, that not more than one such employee of a corporate member shall be a Voting Member of the association at any given time. Such Voting Members shall constitute the only class of members of the association entitled to vote, hold office and chair a committee of the association. Eligibility of any individual or entity for membership of any class shall be determined by the Board of Directors of the association at its sole discretion.

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

On an annual basis, an association board Nominating Committee consisting of one board member and two non-board members shall be appointed by the president and approved by a majority of the board. The Nominating committee will seek suggestions from the membership for consideration for open seats on the board. With consideration given to the suggestions made by the membership and meeting the diversity goal of Article VII, Section 2, the Nominating Committee shall recommend to the board a slate of candidates for election as directors. Upon approval by the board, the slate of candidates shall be set forth on a proxy to be sent to the Voting Members a minimum of 45 days in advance of the annual meeting. The proxy shall contain or be accompanied by a professional biography of 50 words or less for each candidates. The biography shall be prepared by the candidate and will be subject to review and editing by the Nominating Committee.The proxy shall contain or be accompanied by a professional biography of 50 words or less for each candidate. The biography shall be prepared by the candidate and will be subject to review and editing by the Nominating Committee.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

The members vote to elect the Board of Directors, who make most governing decisions. Each member holding a voting corporate membership who is in good standing and who has paid all assessed dues shall have one vote on each matter submitted to a vote of the members. A vote may be case either orally or in writing. When an action other than the election of directors is to be taken by a vote of the membership, it shall be authorized by a majority of the votes cast as a meeting at which a quorum is established, unless a greater plurality is required by the Articles of Incorporation or by law.

Form 990, Part VI, Line 11B: Form 990 Review Process

The Executive Director reviews the Form 990 prior to the review of the Board or its authorized representative.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Signed annual Conflict of Interest Statement is reviewed.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

CTA keeps documents available in the office and responds to requests submitted verbally, in writing, or email within 72 hours. Requests made in person are accommodated immediately during normal business hours.

Filing and Contact Details

Filer

EIN
39-1991999
Phone
7034180392

Signing Officer

Name
Robert E McLean
Title
Executive Director
Signed
2014-03-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Moore
Formed
2000
Legal Domicile
Wi
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Preparer
Mario A Lopez CPA
Phone
7038387611
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: The association held a reception at a related industry event, the Eastern Fuel Buyers Conference, on May 7 in Orlando, FL.

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IRS990/PrincipalOfficerNm0Matt Moore
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Annual Conference
IRS990/ProgramServiceRevenueGrp/Desc1Membership Dues & Assessments
IRS990/ProgramServiceRevenueGrp/Desc2Training fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt017586
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt168450
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt24850
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt017586
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt168450
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt24850
IRS990/ProgSrvcAccomActy2Grp/Desc0The association held a training class open to members and nonmembers, "Fundamentals of Coal Trading," September 19-20 in Houston, TX.
IRS990/ProgSrvcAccomActy3Grp/Desc0The association held a midyear business meeting held in conjunction with a tour of a fracking operation, June 26-27, just outside of Pittsburgh, PA. The association held its annual business meeting also on June 27 in Pittsburgh.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0498
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt081103
IRS990/PYOtherRevenueAmt0833
IRS990/PYProgramServiceRevenueAmt088229
IRS990/PYRevenuesLessExpensesAmt08457
IRS990/PYTotalExpensesAmt081103
IRS990/PYTotalRevenueAmt089560
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt010251
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt099217
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0109468
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0113740
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0128590
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: The association held a reception at a related industry event, the Eastern Fuel Buyers Conference, on May 7 in Orlando, FL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A management company performs day-to-day activities of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2There are two classes of membership:(A) Nonvoting Membership: Any (1) corporation or other business entity engaged in commercial coal trading (a Corporate Member), (2) employee of a government agency, academic institution of other nonprofit organization, or (3) student may be considered for membership as a nonvoting member if such person or entity, as the case may be, is interested in accomplishing the mission and objectives of the association and contributes at least the minimum amount of dues may be determined by the board from time to time. A Nonvoting Member shall have the exclusive privilege of representing himself, herself or itself, as the case may be, as a member of the association but shall not have the privilege of voting or holding any office.(B) Voting Member: A person of good character who is employed by a corporate member. Having the status of a Nonvoting Member shall be eligible for membership in the association as a Voting Member if such person is nominated for voting membership by such corporate member, provided, however, that not more than one such employee of a corporate member shall be a Voting Member of the association at any given time. Such Voting Members shall constitute the only class of members of the association entitled to vote, hold office and chair a committee of the association. Eligibility of any individual or entity for membership of any class shall be determined by the Board of Directors of the association at its sole discretion.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3On an annual basis, an association board Nominating Committee consisting of one board member and two non-board members shall be appointed by the president and approved by a majority of the board. The Nominating committee will seek suggestions from the membership for consideration for open seats on the board. With consideration given to the suggestions made by the membership and meeting the diversity goal of Article VII, Section 2, the Nominating Committee shall recommend to the board a slate of candidates for election as directors. Upon approval by the board, the slate of candidates shall be set forth on a proxy to be sent to the Voting Members a minimum of 45 days in advance of the annual meeting. The proxy shall contain or be accompanied by a professional biography of 50 words or less for each candidates. The biography shall be prepared by the candidate and will be subject to review and editing by the Nominating Committee.The proxy shall contain or be accompanied by a professional biography of 50 words or less for each candidate. The biography shall be prepared by the candidate and will be subject to review and editing by the Nominating Committee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The members vote to elect the Board of Directors, who make most governing decisions. Each member holding a voting corporate membership who is in good standing and who has paid all assessed dues shall have one vote on each matter submitted to a vote of the members. A vote may be case either orally or in writing. When an action other than the election of directors is to be taken by a vote of the membership, it shall be authorized by a majority of the votes cast as a meeting at which a quorum is established, unless a greater plurality is required by the Articles of Incorporation or by law.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Executive Director reviews the Form 990 prior to the review of the Board or its authorized representative.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Signed annual Conflict of Interest Statement is reviewed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CTA keeps documents available in the office and responds to requests submitted verbally, in writing, or email within 72 hours. Requests made in person are accommodated immediately during normal business hours.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0113740
IRS990/TotalAssetsEOYAmt0128590
IRS990/TotalAssetsGrp/BOYAmt0113740
IRS990/TotalAssetsGrp/EOYAmt0128590
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt080839
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014523
IRS990/TotalLiabilitiesEOYAmt019122
IRS990/TotalLiabilitiesGrp/BOYAmt014523
IRS990/TotalLiabilitiesGrp/EOYAmt019122
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt099217
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0109468
IRS990/TotalProgramServiceRevenueAmt090886
IRS990/TotalRevenueGrp/ExclusionAmt0204
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt090886
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt091090
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0113740
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0128590
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt0130
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine102001 Jefferson Davis Hwy 1004
IRS990/USAddress/City0Arlington
IRS990/USAddress/State0VA
IRS990/USAddress/ZIPCode022202
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.coaltrade.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Robert E McLean
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-03-31
ReturnHeader/Filer/BusinessName/BusinessNameLine10Coal Trading Association Inc
ReturnHeader/Filer/BusinessNameControlTxt0COAL
ReturnHeader/Filer/EIN0391991999
ReturnHeader/Filer/PhoneNum07034180392
ReturnHeader/Filer/USAddress/AddressLine102001 Jefferson Davis Highway
ReturnHeader/Filer/USAddress/City0Arlington
ReturnHeader/Filer/USAddress/State0VA
ReturnHeader/Filer/USAddress/ZIPCode022202
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Berry Group CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine103139 Mount Vernon Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Alexandria
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode022305
ReturnHeader/PreparerPersonGrp/PhoneNum07038387611
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mario A Lopez CPA
ReturnHeader/ReturnTs02014-04-01T16:15:40-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

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