Civic Intelligence

Carpenter'S Tools International Inc

990 • Fiscal year 2017 • EIN 41-1647797

Oct 01, 2016 to Sep 30, 2017 • Filed on Jan 17, 2018

1809 19th Ave SWWillmar, MN 56201

(320) 235-0155

Siviq Scores

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

Liabilities / Assets

94th percentile

1.08x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

85th percentile

0.50x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

19th percentile

-11%

Higher net margin than 19% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

74th percentile

$65,521

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 13.1% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

17th percentile

-8.7%

Faster asset growth than 17% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

57th percentile

8.6%

Faster revenue growth than 57% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$234,539

Down $22,209 (-8.7%) from 2016

Net Assets

Down

-$17,973

Down $54,557 (-149%) from 2016

Liabilities

Up

$252,512

Up $32,348 (+15%) from 2016

Revenue

Up

$501,539

Up $39,875 (+8.6%) from 2016

Expenses

Up

$556,096

Up $72,818 (+15%) from 2016

Net Income

Down

-$54,557

Down $32,943 (-152%) from 2016

Historical Trend

Balance Sheet Trend

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

$400K$200K$0-$200KAssets 2011: $337,417Liabilities 2011: $199,774Net Assets 2011: $137,6432011Assets 2012: $336,468Liabilities 2012: $200,514Net Assets 2012: $135,9542012Assets 2013: $315,970Liabilities 2013: $233,677Net Assets 2013: $82,2932013Assets 2014: $302,173Liabilities 2014: $229,322Net Assets 2014: $72,8512014Assets 2015: $283,290Liabilities 2015: $225,092Net Assets 2015: $58,1982015Assets 2016: $256,748Liabilities 2016: $220,164Net Assets 2016: $36,5842016Assets 2017: $234,539Liabilities 2017: $252,512Net Assets 2017: -$17,9732017Assets 2018: $172,836Liabilities 2018: $256,152Net Assets 2018: -$83,3162018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2017

Assets$234,539
Liabilities$252,512
Net Assets-$17,973

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $645,275Expenses 2011: $597,917Net Income 2011: $47,3582011Revenue 2012: $621,678Expenses 2012: $623,664Net Income 2012: -$1,9862012Revenue 2013: $603,417Expenses 2013: $657,078Net Income 2013: -$53,6612013Revenue 2014: $618,406Expenses 2014: $627,848Net Income 2014: -$9,4422014Revenue 2015: $516,630Expenses 2015: $530,984Net Income 2015: -$14,3542015Revenue 2016: $461,664Expenses 2016: $483,278Net Income 2016: -$21,6142016Revenue 2017: $501,539Expenses 2017: $556,096Net Income 2017: -$54,5572017Revenue 2018: $374,619Expenses 2018: $439,962Net Income 2018: -$65,3432018Revenue 2019: $93,215Expenses 2019: $9,899Net Income 2019: $83,3162019

Highlighted filing

2017

Revenue$501,539
Expenses$556,096
Net Income-$54,557
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Jan 17, 2018
Return Version
2016v3.1
Gross Receipts
$525,050
Mission and Program Overview

Mission

Sponsors youth groups to minister the gospel of jesus christ over the entire world, through contemporary christian music.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$235,117$213,810▼ $21,307
Prepaid Expenses and Deferred Charges$32,720$18,920▼ $13,800
Inventories for Sale or Use$2,088$2,088→ $0
Cash and Non-Interest-Bearing Accounts$-13,177$-279▲ $12,898
Total Assets$256,748$234,539▼ $22,209
Liabilities
Mortgage Notes Payable Secured by Investment Property$200,267$234,432▲ $34,165
Deferred Revenue$13,150$14,106▲ $956
Accounts Payable and Accrued Expenses$6,747$3,974▼ $2,773
Total Liabilities$220,164$252,512▲ $32,348
Net Assets / Fund Balance
Unrestricted Net Assets$36,584$-17,973▼ $54,557
Total Net Assets Fund Balance$36,584$-17,973▼ $54,557
Total Liabilities and Net Assets / Fund Balance$256,748$234,539▼ $22,209

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$183,810$228,726$412,536
Land$30,000-$30,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Chris ReedExecutive DiFT$65,521$65,521

Board Members and Trustees

NameTitle
Gregory AndersonPresident
Ben DonnerDirector
David LanningDirector
Joe VanderarkDirector
Max HeringDirector
Zach RadaDirector
Dottie PetersonSecretary
Justin SchnichelsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$497,223
Program Service Revenue
$0
Investment Income
$-3,011
Other Revenue
$7,327
All Other Contributions
$497,223
Change in Net Assets
$-54,557

Audited Revenue Reconciliation

Revenue per Audited Statements
$501,539
Total Revenue per Audited Statements
$501,539
Total Revenue per Form 990
$501,539
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$318,380
Other Expenses$237,716
Total Fundraising Expense$56,968
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$141,453$25,800$35,284$202,537
Current Officers, Directors, Trustees, and Key Employees$43,899$11,794$9,828$65,521
Other Employee Benefits$22,061$5,369$4,475$31,905
All Other Expenses$18,628$9,882$859$29,369
Depreciation Depletion$15,725$8,919-$24,644
Payroll Taxes$12,734$3,100$2,583$18,417
Interest-$12,614-$12,614
Fees for Services Accounting-$11,154-$11,154
Other Expenses$15,195$5,948-$5,948
Conferences and Meetings$360-$3,939$4,299
Travel-$3,850-$3,850
Total Functional Expenses$398,535$100,593$56,968$556,096

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$556,096
Total Expenses per Audited Statements$556,096
Total Expenses per Form 990$556,096
International Activity

International Summary

Spending
$63,213

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
HondurasConcertsMinistry--$26,854
ColombiaConcertsMinistry--$21,082
Hong KongConcertsMinistry--$15,277
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
Yes
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
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

The board will review the 990 prior to its filing.

Form 990, Page 6, Part VI, Line 12C

Topic is covered during first board meeting of each fiscal year

Form 990, Page 6, Part VI, Line 15A

Compensation subcommitte of the board of directors perform annual review and approval of executive director salary

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public on a individual per request basis.

Filing and Contact Details

Filer

Filer Name
CARPENTER'S TOOLS INTERNATIONAL INC
EIN
41-1647797
Phone
3202350155
Address
1809 19TH AVE SW, WILLMAR, MN 56201
Doing Business As
Cti Music Ministries

Signing Officer

Name
Chris Reed
Title
Executive Director
Phone
3202350155
Signed
2018-01-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Reed
Formed
1989
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
23

Preparer

Firm
Conway Deuth & Schmiesing Pllp
Address
331 3RD ST SW, WILLMAR, MN 56201-3322
Preparer
Darrin D Ogdahl CPA
Phone
3202353311
Supplemental Narrative

Additional Explanations

Form 990

Form 990 part ix statement of functional expenses line 25 all other expenses program expenses mission support 5,739 lease expense 1,474 equipment repairs 2,693 food 2,012 motel 694 vehicle insurance 536 postage 3,252 supplies + 2,228 ____________ total 18,628 management & general expenses equipment repairs 1,285 supplies 3,464 liability insurance 3,309 board member expenss 1,007 postage 660 real estate taxes 100 telephone + 57 ___________ total 9,882 fundraising expenses postage 791 telephone + 68 _________ total 859

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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt07327
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IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt02687987
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0506713
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0461664
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0514829
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0609746
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0595035
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02687987
IRS990ScheduleA/TotalSupportAmt02687991
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/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0556096
IRS990ScheduleD/LandGrp/BookValueAmt030000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt030000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0183810
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0228726
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0412536
IRS990ScheduleD/RevenueSubtotalAmt0501539
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0213810
IRS990ScheduleD/TotalExpensesPerForm990Amt0556096
IRS990ScheduleD/TotalRevenuePerForm990Amt0501539
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0501539
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0556096
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt015277
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt121082
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt226854
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0HONG KONG
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1COLOMBIA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2HONDURAS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0MINISTRY
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1MINISTRY
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt2MINISTRY
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1CONCERTS
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IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0false
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalSpentAmt063213
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0HONG KONG 15,277 0 COLOMBIA 21,082 0 HONDURAS 26,854 0
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE F, PAGE 1, PART I, LINE 3
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IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 PART IX STATEMENT OF FUNCTIONAL EXPENSES LINE 25 ALL OTHER EXPENSES PROGRAM EXPENSES MISSION SUPPORT 5,739 LEASE EXPENSE 1,474 EQUIPMENT REPAIRS 2,693 FOOD 2,012 MOTEL 694 VEHICLE INSURANCE 536 POSTAGE 3,252 SUPPLIES + 2,228 ____________ TOTAL 18,628 MANAGEMENT & GENERAL EXPENSES EQUIPMENT REPAIRS 1,285 SUPPLIES 3,464 LIABILITY INSURANCE 3,309 BOARD MEMBER EXPENSS 1,007 POSTAGE 660 REAL ESTATE TAXES 100 TELEPHONE + 57 ___________ TOTAL 9,882 FUNDRAISING EXPENSES POSTAGE 791 TELEPHONE + 68 _________ TOTAL 859
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD WILL REVIEW THE 990 PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TOPIC IS COVERED DURING FIRST BOARD MEETING OF EACH FISCAL YEAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION SUBCOMMITTE OF THE BOARD OF DIRECTORS PERFORM ANNUAL REVIEW AND APPROVAL OF EXECUTIVE DIRECTOR SALARY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC ON A INDIVIDUAL PER REQUEST BASIS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0234539
IRS990/TotalAssetsGrp/BOYAmt0256748
IRS990/TotalAssetsGrp/EOYAmt0234539
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0497223
IRS990/TotalEmployeeCnt023
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt056968
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0100593
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0398535
IRS990/TotalFunctionalExpensesGrp/TotalAmt0556096
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0220164
IRS990/TotalLiabilitiesEOYAmt0252512
IRS990/TotalLiabilitiesGrp/BOYAmt0220164
IRS990/TotalLiabilitiesGrp/EOYAmt0252512
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt036584
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-17973
IRS990/TotalProgramServiceExpensesAmt0398535
IRS990/TotalReportableCompFromOrgAmt065521
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04316
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0501539
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0256748
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0234539
IRS990/TravelGrp/ManagementAndGeneralAmt03850
IRS990/TravelGrp/TotalAmt03850
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt036584
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-17973
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01414 14TH AVE NE
IRS990/USAddress/CityNm0WILLMAR
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd056201
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.CTIMUSIC.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRIS REED
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03202350155
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-01-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CARPENTER'S TOOLS INTERNATIONAL INC
ReturnHeader/Filer/BusinessNameControlTxt0CARP
ReturnHeader/Filer/EIN0411647797
ReturnHeader/Filer/PhoneNum03202350155
ReturnHeader/Filer/USAddress/AddressLine1Txt01809 19TH AVE SW
ReturnHeader/Filer/USAddress/CityNm0WILLMAR
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056201
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0EB3321694B77DD0134701E3CF133DC7019FAD0FE
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId039800EEDADEFEAB35256D5CA55BB1483A10F2CEB
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411539592
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CONWAY DEUTH & SCHMIESING PLLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0331 3RD ST SW
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WILLMAR

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