Civic Intelligence

Coal Trading Association Inc

990 • Fiscal year 2014 • EIN 39-1991999

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 06, 2015

PO Box 3146Norfolk, VA 23514

(703) 418-0392

Siviq Scores

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

Liabilities / Assets

67th percentile

0.05x

Higher debt load relative to assets than 67% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

76th percentile

0.08x

Higher debt load relative to revenue than 76% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Net Margin

41st percentile

-0.1%

Higher net margin than 41% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

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

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Asset Growth

25th percentile

-10%

Faster asset growth than 25% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

18th percentile

-17%

Faster revenue growth than 18% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$115,598

Down $12,992 (-10%) from 2013

Net Assets

Down

$109,388

Down $80 (-0.1%) from 2013

Liabilities

Down

$6,210

Down $12,912 (-68%) from 2013

Revenue

Down

$75,606

Down $15,484 (-17%) from 2013

Expenses

Down

$75,686

Down $5,153 (-6.4%) from 2013

Net Income

Down

-$80

Down $10,331 (-101%) from 2013

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

2014

Assets$115,598
Liabilities$6,210
Net Assets$109,388

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

2014

Revenue$75,606
Expenses$75,686
Net Income-$80
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 6, 2015
Return Version
2014v5.0
Gross Receipts
$75,606
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$128,590$115,598▼ $12,992
Rtn Earn Endowment Incm Other Fnds$109,468$109,388▼ $80
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$128,590$115,598▼ $12,992
Other Assets Total-$0-
Liabilities
Deferred Revenue$10,000$6,000▼ $4,000
Accounts Payable and Accrued Expenses$9,122$210▼ $8,912
Total Liabilities$19,122$6,210▼ $12,912
Net Assets / Fund Balance
Total Net Assets Fund Balance$109,468$109,388▼ $80
Total Liabilities and Net Assets / Fund Balance$128,590$115,598▼ $12,992
Compensation and Service Providers

Board Members and Trustees

NameTitle
Matt MoorePresident
Dan VaughnVice President
Bernie MuichDirector
Eric FellDirector
Joe RacelisDirector
Karthik KrishnamurthyDirector
Robert E McLeanExec. Director
Steve WatsonSecretary
Tom NelsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$75,344
Investment Income
$12
Other Revenue
$250
Change in Net Assets
$-80
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$75,686
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---$44,029
Fees for Services Management---$23,058
Office Expenses---$4,305
Advertising---$1,761
Insurance---$810
Information Technology---$648
Travel---$590
Fees for Services Other---$199
Other Expenses---$67
Total Functional Expenses$0$0$0$75,686
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

Filer Name
Coal Trading Association Inc
EIN
39-1991999
Phone
7034180392
Address
PO Box 3146, Norfolk, VA 23514

Signing Officer

Name
Robert E McLean
Title
Executive Director
Signed
2015-08-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Moore
Formed
2000
Legal Domicile
Wi
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Berry Group CPAS
Address
3139 Mount Vernon Avenue, Alexandria, VA 22305
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 6, 2014 in Orlando, FL.

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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt016794
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt155150
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt23400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt016794
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt155150
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23400
IRS990/ProgSrvcAccomActy2Grp/Desc0The association held a training class open to members and nonmembers, "Fundamentals of Coal Trading," September 17-18, 2014 in Atlanta, GA.
IRS990/ProgSrvcAccomActy3Grp/Desc0The association held its annual business meeting on June 19, 2014 in Saint Louis, MO.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0204
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt080839
IRS990/PYProgramServiceRevenueAmt090886
IRS990/PYRevenuesLessExpensesAmt010251
IRS990/PYTotalExpensesAmt080839
IRS990/PYTotalRevenueAmt091090
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-80
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0109468
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0109388
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0128590
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0115598
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 6, 2014 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/TotalAssetsBOYAmt0128590
IRS990/TotalAssetsEOYAmt0115598
IRS990/TotalAssetsGrp/BOYAmt0128590
IRS990/TotalAssetsGrp/EOYAmt0115598
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt075686
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt019122
IRS990/TotalLiabilitiesEOYAmt06210
IRS990/TotalLiabilitiesGrp/BOYAmt019122
IRS990/TotalLiabilitiesGrp/EOYAmt06210
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0109468
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0109388
IRS990/TotalProgramServiceRevenueAmt075344
IRS990/TotalRevenueGrp/ExclusionAmt012
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt075594
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt075606
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0128590
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0115598
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt0590
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02001 Jefferson Davis Hwy 1004
IRS990/USAddress/CityNm0Arlington
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd022202
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0www.coaltrade.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Robert E McLean
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Coal Trading Association Inc
ReturnHeader/Filer/BusinessNameControlTxt0COAL
ReturnHeader/Filer/EIN0391991999
ReturnHeader/Filer/PhoneNum07034180392
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 3146
ReturnHeader/Filer/USAddress/CityNm0Norfolk
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023514
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Berry Group CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03139 Mount Vernon Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Alexandria
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd022305
ReturnHeader/PreparerPersonGrp/PhoneNum07038387611
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mario A Lopez CPA
ReturnHeader/ReturnTs02015-08-06T13:05:58-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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