Civic Intelligence

Seed Committee Inc

990 • Fiscal year 2017 • EIN 42-1315982

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 02, 2018

2490 Briggs Woods TrailWebster City, IA 50595-0474

(515) 832-9575

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.01x

Higher debt load relative to assets than 52% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

63rd percentile

0.02x

Higher debt load relative to revenue than 63% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Net Margin

33rd percentile

-3.6%

Higher net margin than 33% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Top Officer Pay

82nd percentile

$39,321

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 49.4% of source-year revenue.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Asset Growth

43rd percentile

-0.4%

Faster asset growth than 43% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

57th percentile

3.7%

Faster revenue growth than 57% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$314,813

Down $1,219 (-0.4%) from 2016

Net Assets

Down

$313,143

Down $2,889 (-0.9%) from 2016

Liabilities

Up

$1,670

Up $1,670 from 2016

Revenue

Up

$79,618

Up $2,876 (+3.7%) from 2016

Expenses

Up

$82,507

Up $9,520 (+13%) from 2016

Net Income

Down

-$2,889

Down $6,644 (-177%) from 2016

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $323,683Liabilities 2011: $2,326Net Assets 2011: $321,3572011Assets 2012: $309,493Liabilities 2012: $2,132Net Assets 2012: $307,3612012Assets 2013: $307,201Liabilities 2013: $2,182Net Assets 2013: $305,0192013Assets 2014: $315,379Liabilities 2014: $1,448Net Assets 2014: $313,9312014Assets 2015: $312,277Liabilities 2015: $0Net Assets 2015: $312,2772015Assets 2016: $316,032Liabilities 2016: $0Net Assets 2016: $316,0322016Assets 2017: $314,813Liabilities 2017: $1,670Net Assets 2017: $313,1432017Assets 2018: $310,221Liabilities 2018: $1,951Net Assets 2018: $308,2702018Assets 2019: $335,165Liabilities 2019: $548Net Assets 2019: $334,6172019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2017

Assets$314,813
Liabilities$1,670
Net Assets$313,143

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2011: $85,171Expenses 2011: $87,089Net Income 2011: -$1,9182011Revenue 2012: $121,684Expenses 2012: $135,680Net Income 2012: -$13,9962012Expenses 2013: $86,7072013Revenue 2014: $79,493Expenses 2014: $70,581Net Income 2014: $8,9122014Revenue 2015: $74,024Expenses 2015: $75,678Net Income 2015: -$1,6542015Revenue 2016: $76,742Expenses 2016: $72,987Net Income 2016: $3,7552016Revenue 2017: $79,618Expenses 2017: $82,507Net Income 2017: -$2,8892017Revenue 2018: $75,160Expenses 2018: $80,033Net Income 2018: -$4,8732018Revenue 2019: $76,136Expenses 2019: $49,789Net Income 2019: $26,3472019Revenue 2020: $6,373Expenses 2020: $27,990Net Income 2020: -$21,6172020

Highlighted filing

2017

Revenue$79,618
Expenses$82,507
Net Income-$2,889
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 2, 2018
Return Version
2016v3.0
Gross Receipts
$79,618
Mission and Program Overview

Mission

Community & economic development

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$316,032$313,143▼ $2,889
Savings and Temporary Cash Investments$277,935$264,378▼ $13,557
Other Notes and Loans Receivable, Net$34,569$44,453▲ $9,884
Cash and Non-Interest-Bearing Accounts$1,002$3,559▲ $2,557
Land, Buildings, and Equipment, Net$2,488$2,355▼ $133
Prepaid Expenses and Deferred Charges$38$68▲ $30
Total Assets$316,032$314,813▼ $1,219
Liabilities
Accounts Payable and Accrued Expenses-$1,670-
Total Liabilities$0$1,670▲ $1,670
Net Assets / Fund Balance
Total Net Assets Fund Balance$316,032$313,143▼ $2,889
Total Liabilities and Net Assets / Fund Balance$316,032$314,813▼ $1,219

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,355$20,486$22,841
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sarah ThompsonExecutive DirectorFT$36,097$3,224$39,321

Board Members and Trustees

NameTitle
David YoungPresident
Bruce JohnsonDirector
Doug BaileyDirector
Fred MarcalusDirector
Greg CarlsonDirector
Marv NoremDirector
Mary SealineDirector
Polly HayesDirector
Rick YoungDirector
Robbie MaassDirector
Shelley ClausenDirector
Suzie MooreDirector
Rachel CahillSectreas
Monika ArendsVice Pres
Revenue and Support

Revenue Composition

Contributions and Grants
$77,535
Program Service Revenue
$753
Investment Income
$1,330
Other Revenue
$0
All Other Contributions
$4,891
Change in Net Assets
$-2,889
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$51,981
Other Expenses$30,526
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$36,097--$36,097
Other Salaries and Wages$8,448--$8,448
Conferences and Meetings$5,617--$5,617
Travel$5,208--$5,208
Pension Plan Contributions$3,978--$3,978
Office Expenses$3,975--$3,975
Payroll Taxes$3,458--$3,458
Occupancy$2,950--$2,950
Insurance$2,823--$2,823
Advertising$2,778--$2,778
Fees for Services Accounting$500--$500
Depreciation Depletion$133--$133
Other Expenses$63--$63
Total Functional Expenses$82,507$0$0$82,507
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
Subject to proxy tax
No
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
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

Members or stockholder classes and rights Part VI line 6

Members are the individual communities within hamilton county that voluntarily pay grants to the organization. Each member has the same rights. The individual community members elect the members of the governing body and those members vote on the significant decisions of organization.

Form 990 governing body review Part VI line 11

Upon completion of the form 990, a copy is presented to the executive director and the executive director has the responsibility to present the completed form 990 to the governing board. If any questions arise that cannot be answered by the executive director, they are presented to the form 990 preparer and responded to promptly.

Conflict of interest policy compliance Part VI line 12C

Each voting representative from the member communities is required to sign a statement regarding conflict of interest policy. These statements are retained by the organization and reviewed annually to ensure they are kept current.

CEO executive director top management comp Part VI line 15A

Compensation of the executive director is reviewed annually by the governing board. The executive officers review the executive directors salary and compare that to similar positions in the midwest area for determination of any salary adjustments. These recommendations are taken to the governing body for approval. The executive directors salary is reviewed on an annual basis with any changes to take effect at the beginning of the fiscal year (july 1). The last review and salary adjustment was implemented july 1, 2017.

Governing documents etc available to public Part VI line 19

All financial statements, tax returns, governing documents and conflict of interest policies are available for public inspection at the offices of the organization located at 2490 briggs woods trail, webster city, iowa, during office hours of 8:00 am to 5:00 pm.

Filing and Contact Details

Filer

Filer Name
Seed Committee Inc
EIN
42-1315982
Address
2490 BRIGGS WOODS TRAIL, WEBSTER CITY, IA 50595-0474

Signing Officer

Name
David Young
Title
President
Phone
5158329575
Signed
2018-02-02
Discuss with paid preparer
Yes

Organization Details

Formed
1989
Legal Domicile
Ia
Voting Board Members
11
Independent Board Members
11
Employees
2

Preparer

Firm
Hassebrock Tax & Wealth Mgmt LLC
Address
522 SECOND STREET STE 2, Webster City, IA 50595
Preparer
Troy V Hassebrock CPA
Phone
5158323511
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IRS990/OtherSalariesAndWagesGrp/TotalAmt08448
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt034569
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt044453
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt03458
IRS990/PayrollTaxesGrp/TotalAmt03458
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03978
IRS990/PensionPlanContributionsGrp/TotalAmt03978
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt038
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt068
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0INT ON ASST LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0753
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0753
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt072644
IRS990/PYInvestmentIncomeAmt0866
IRS990/PYOtherExpensesAmt035598
IRS990/PYProgramServiceRevenueAmt03232
IRS990/PYRevenuesLessExpensesAmt03755
IRS990/PYSalariesCompEmpBnftPaidAmt037389
IRS990/PYTotalExpensesAmt072987
IRS990/PYTotalRevenueAmt076742
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-2889
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0316032
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0313143
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0277935
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0264378
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
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IRS990ScheduleD/EquipmentGrp/BookValueAmt02355
IRS990ScheduleD/EquipmentGrp/DepreciationAmt020486
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt022841
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02355
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS ARE THE INDIVIDUAL COMMUNITIES WITHIN HAMILTON COUNTY THAT VOLUNTARILY PAY GRANTS TO THE ORGANIZATION. EACH MEMBER HAS THE SAME RIGHTS. THE INDIVIDUAL COMMUNITY MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY AND THOSE MEMBERS VOTE ON THE SIGNIFICANT DECISIONS OF ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON COMPLETION OF THE FORM 990, A COPY IS PRESENTED TO THE EXECUTIVE DIRECTOR AND THE EXECUTIVE DIRECTOR HAS THE RESPONSIBILITY TO PRESENT THE COMPLETED FORM 990 TO THE GOVERNING BOARD. IF ANY QUESTIONS ARISE THAT CANNOT BE ANSWERED BY THE EXECUTIVE DIRECTOR, THEY ARE PRESENTED TO THE FORM 990 PREPARER AND RESPONDED TO PROMPTLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH VOTING REPRESENTATIVE FROM THE MEMBER COMMUNITIES IS REQUIRED TO SIGN A STATEMENT REGARDING CONFLICT OF INTEREST POLICY. THESE STATEMENTS ARE RETAINED BY THE ORGANIZATION AND REVIEWED ANNUALLY TO ENSURE THEY ARE KEPT CURRENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION OF THE EXECUTIVE DIRECTOR IS REVIEWED ANNUALLY BY THE GOVERNING BOARD. THE EXECUTIVE OFFICERS REVIEW THE EXECUTIVE DIRECTORS SALARY AND COMPARE THAT TO SIMILAR POSITIONS IN THE MIDWEST AREA FOR DETERMINATION OF ANY SALARY ADJUSTMENTS. THESE RECOMMENDATIONS ARE TAKEN TO THE GOVERNING BODY FOR APPROVAL. THE EXECUTIVE DIRECTORS SALARY IS REVIEWED ON AN ANNUAL BASIS WITH ANY CHANGES TO TAKE EFFECT AT THE BEGINNING OF THE FISCAL YEAR (JULY 1). THE LAST REVIEW AND SALARY ADJUSTMENT WAS IMPLEMENTED JULY 1, 2017.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL FINANCIAL STATEMENTS, TAX RETURNS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE AVAILABLE FOR PUBLIC INSPECTION AT THE OFFICES OF THE ORGANIZATION LOCATED AT 2490 BRIGGS WOODS TRAIL, WEBSTER CITY, IOWA, DURING OFFICE HOURS OF 8:00 AM TO 5:00 PM.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0316032
IRS990/TotalAssetsEOYAmt0314813
IRS990/TotalAssetsGrp/BOYAmt0316032
IRS990/TotalAssetsGrp/EOYAmt0314813
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt077535
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt082507
IRS990/TotalFunctionalExpensesGrp/TotalAmt082507
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt01670
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt01670
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0316032
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0313143
IRS990/TotalOtherCompensationAmt03224
IRS990/TotalProgramServiceExpensesAmt082507
IRS990/TotalProgramServiceRevenueAmt0753
IRS990/TotalReportableCompFromOrgAmt036097
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02083
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt079618
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0316032
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0314813
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt05208
IRS990/TravelGrp/TotalAmt05208
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID YOUNG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05158329575
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-02-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SEED COMMITTEE INC
ReturnHeader/Filer/BusinessNameControlTxt0SEED
ReturnHeader/Filer/EIN0421315982
ReturnHeader/Filer/USAddress/AddressLine1Txt02490 BRIGGS WOODS TRAIL
ReturnHeader/Filer/USAddress/CityNm0WEBSTER CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd0505950474
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId087606BC93EC90E82C406D918071EA1154244FA92
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId087606BC93EC90E82C406D918071EA1154244FA92
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId04216732018033vrhw2wc
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-02-02
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.215.41.218
ReturnHeader/FilingSecurityInformation/IPDt02018-02-02
ReturnHeader/FilingSecurityInformation/IPTm018:23:45
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HASSEBROCK TAX & WEALTH MGMT LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0522 SECOND STREET STE 2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Webster City
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050595
ReturnHeader/PreparerPersonGrp/PhoneNum05158323511
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TROY V HASSEBROCK CPA
ReturnHeader/ReturnTs02018-02-02T18:20:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30

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