Civic Intelligence

Seed Committee Inc

990 • Fiscal year 2019 • EIN 42-1315982

Jul 01, 2018 to Jun 30, 2019 • Filed on Dec 24, 2019

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

49th percentile

0.00x

Higher debt load relative to assets than 49% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

54th percentile

0.01x

Higher debt load relative to revenue than 54% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

93rd percentile

35%

Higher net margin than 93% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

73rd percentile

$9,972

Higher top officer pay than 73% of similar nonprofits.

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

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Asset Growth

60th percentile

8.0%

Faster asset growth than 60% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

51st percentile

1.3%

Faster revenue growth than 51% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$335,165

Up $24,944 (+8.0%) from 2018

Net Assets

Up

$334,617

Up $26,347 (+8.5%) from 2018

Liabilities

Down

$548

Down $1,403 (-72%) from 2018

Revenue

Up

$76,136

Up $976 (+1.3%) from 2018

Expenses

Down

$49,789

Down $30,244 (-38%) from 2018

Net Income

Up

$26,347

Up $31,220 (+641%) from 2018

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

2019

Assets$335,165
Liabilities$548
Net Assets$334,617

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

2019

Revenue$76,136
Expenses$49,789
Net Income$26,347
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Dec 24, 2019
Return Version
2018v3.1
Gross Receipts
$76,136
Mission and Program Overview

Mission

Community & economic development

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$308,270$334,617▲ $26,347
Savings and Temporary Cash Investments$260,612$303,921▲ $43,309
Other Notes and Loans Receivable, Net$36,054$28,534▼ $7,520
Accounts Receivable$13,000--
Land, Buildings, and Equipment, Net$2,222$2,089▼ $133
Cash and Non-Interest-Bearing Accounts$-1,705$621▲ $2,326
Prepaid Expenses and Deferred Charges$38--
Total Assets$310,221$335,165▲ $24,944
Liabilities
Accounts Payable and Accrued Expenses$1,951$548▼ $1,403
Total Liabilities$1,951$548▼ $1,403
Net Assets / Fund Balance
Total Net Assets Fund Balance$308,270$334,617▲ $26,347
Total Liabilities and Net Assets / Fund Balance$310,221$335,165▲ $24,944

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,089$20,752$22,841
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sarah ThompsonExecutive DirectorFT$9,382$590$9,972

Board Members and Trustees

NameTitle
Rick YoungPresident
Amanda WestrumDirector
Chris RoethlerDirector
Dan CampidilliDirector
Doug BaileyDirector
Jessica MurrayDirector
Ken OutzenDirector
Kim AndersonDirector
Leo SeiserDirector
Marv NoremDirector
Mischelle HardyDirector
Polly HayesDirector
Greg CarlsonSectreas
Mary SealineVice Pres
Revenue and Support

Revenue Composition

Contributions and Grants
$72,520
Program Service Revenue
$742
Investment Income
$2,874
Other Revenue
$0
All Other Contributions
$8,000
Change in Net Assets
$26,347
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$29,313
Other Expenses$20,476
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$15,861--$15,861
Current Officers, Directors, Trustees, and Key Employees$9,382--$9,382
Other Expenses$4,377--$4,377
Occupancy$4,375--$4,375
Office Expenses$4,007--$4,007
Fees for Services Accounting$2,750--$2,750
Pension Plan Contributions$2,088--$2,088
Payroll Taxes$1,982--$1,982
Conferences and Meetings$1,783--$1,783
Insurance$1,185--$1,185
Fees for Services Other$700--$700
Information Technology$666--$666
Depreciation Depletion$133--$133
Advertising$125--$125
Total Functional Expenses$49,789$0$0$49,789
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
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, 2018.

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
Rick Young
Title
President
Phone
5158329575
Signed
2019-12-24
Discuss with paid preparer
No

Organization Details

Formed
1989
Legal Domicile
Ia
Voting Board Members
14
Independent Board Members
14
Employees
2
Volunteers
10

Preparer

Firm
Hassebrock Tax & Wealth Mgmt LLC
Address
522 SECOND STREET SUITE 2, WEBSTER CITY, IA 50595
Preparer
Troy V Hassebrock CPA
Phone
5158323511
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IRS990/OtherExpensesGrp/ProgramServicesAmt14377
IRS990/OtherExpensesGrp/TotalAmt0375
IRS990/OtherExpensesGrp/TotalAmt14377
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt015861
IRS990/OtherSalariesAndWagesGrp/TotalAmt015861
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt036054
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt028534
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt01982
IRS990/PayrollTaxesGrp/TotalAmt01982
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02088
IRS990/PensionPlanContributionsGrp/TotalAmt02088
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt038
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0INT ON ASST LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0742
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0742
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt072644
IRS990/PYInvestmentIncomeAmt01396
IRS990/PYOtherExpensesAmt024575
IRS990/PYProgramServiceRevenueAmt01120
IRS990/PYRevenuesLessExpensesAmt0-4873
IRS990/PYSalariesCompEmpBnftPaidAmt055458
IRS990/PYTotalExpensesAmt080033
IRS990/PYTotalRevenueAmt075160
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt026347
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0308270
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0334617
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0260612
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0303921
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/BookValueAmt02089
IRS990ScheduleD/EquipmentGrp/DepreciationAmt020752
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt022841
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02089
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IRS990/ScheduleORequiredInd0true
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, 2018.
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
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0310221
IRS990/TotalAssetsEOYAmt0335165
IRS990/TotalAssetsGrp/BOYAmt0310221
IRS990/TotalAssetsGrp/EOYAmt0335165
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt072520
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt049789
IRS990/TotalFunctionalExpensesGrp/TotalAmt049789
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01951
IRS990/TotalLiabilitiesEOYAmt0548
IRS990/TotalLiabilitiesGrp/BOYAmt01951
IRS990/TotalLiabilitiesGrp/EOYAmt0548
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0308270
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0334617
IRS990/TotalOtherCompensationAmt0590
IRS990/TotalProgramServiceExpensesAmt049789
IRS990/TotalProgramServiceRevenueAmt0742
IRS990/TotalReportableCompFromOrgAmt09382
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03616
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt076136
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0310221
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0335165
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0RICK YOUNG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05158329575
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-12-24
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/FederalOriginalSubmissionId04216732019358hfncrak
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-12-24
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.215.41.218
ReturnHeader/FilingSecurityInformation/IPDt02019-12-24
ReturnHeader/FilingSecurityInformation/IPTm013:11:56
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0464412750
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HASSEBROCK TAX & WEALTH MGMT LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0522 SECOND STREET SUITE 2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WEBSTER CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050595
ReturnHeader/PreparerPersonGrp/PhoneNum05158323511
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TROY V HASSEBROCK CPA

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