Civic Intelligence

Kyc Inc

990 • Fiscal year 2017 • EIN 42-1336038

Jan 01, 2017 to Dec 31, 2017 • Filed on May 08, 2018

2029 River RoadKeokuk, IA 52632

(319) 524-9469

Siviq Scores

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

Liabilities / Assets

85th percentile

0.33x

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

2017 filings • 501(c)7 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

92nd percentile

0.86x

Higher debt load relative to revenue than 92% of similar nonprofits.

2017 filings • 501(c)7 • <$500k nonprofits • Source year 2017

Net Margin

69th percentile

10%

Higher net margin than 69% of similar nonprofits.

2017 filings • 501(c)7 • <$500k nonprofits • Source year 2017

Top Officer Pay

97th percentile

$8,750

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 10.6% of source-year revenue.

2017 filings • 501(c)7 • <$500k nonprofits • Source year 2017

Asset Growth

25th percentile

-7.4%

Faster asset growth than 25% of similar nonprofits.

2017 filings • 501(c)7 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

12th percentile

-22%

Faster revenue growth than 12% of similar nonprofits.

2017 filings • 501(c)7 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$218,034

Down $17,300 (-7.4%) from 2016

Net Assets

Up

$146,848

Up $8,530 (+6.2%) from 2016

Liabilities

Down

$71,186

Down $25,830 (-27%) from 2016

Revenue

Down

$82,871

Down $22,981 (-22%) from 2016

Expenses

Down

$74,341

Down $8,904 (-11%) from 2016

Net Income

Down

$8,530

Down $14,077 (-62%) from 2016

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2011: $39,753Liabilities 2011: $22,379Net Assets 2011: $17,3742011Assets 2012: $55,760Liabilities 2012: $13,141Net Assets 2012: $42,6192012Assets 2013: $42,357Liabilities 2013: $3,163Net Assets 2013: $39,1942013Assets 2014: $38,883Liabilities 2014: $5,472Net Assets 2014: $33,4112014Assets 2015: $61,115Liabilities 2015: $14,430Net Assets 2015: $46,6852015Assets 2016: $235,334Liabilities 2016: $97,016Net Assets 2016: $138,3182016Assets 2017: $218,034Liabilities 2017: $71,186Net Assets 2017: $146,8482017Assets 2018: $195,776Liabilities 2018: $42,656Net Assets 2018: $153,1202018Assets 2019: $240,077Liabilities 2019: $81,018Net Assets 2019: $159,0592019Assets 2020: $230,496Liabilities 2020: $51,816Net Assets 2020: $178,6802020Assets 2021: $225,827Liabilities 2021: $24,207Net Assets 2021: $201,6202021Assets 2022: $218,512Liabilities 2022: $24,471Net Assets 2022: $194,0412022Assets 2023: $223,137Liabilities 2023: $17,095Net Assets 2023: $206,0422023

Highlighted filing

2017

Assets$218,034
Liabilities$71,186
Net Assets$146,848

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $221,163Expenses 2011: $198,621Net Income 2011: $22,5422011Expenses 2012: $220,8912012Revenue 2013: $237,686Expenses 2013: $241,111Net Income 2013: -$3,4252013Revenue 2014: $98,459Expenses 2014: $104,242Net Income 2014: -$5,7832014Revenue 2015: $104,169Expenses 2015: $90,895Net Income 2015: $13,2742015Revenue 2016: $105,852Expenses 2016: $83,245Net Income 2016: $22,6072016Revenue 2017: $82,871Expenses 2017: $74,341Net Income 2017: $8,5302017Revenue 2018: $334,491Expenses 2018: $328,219Net Income 2018: $6,2722018Revenue 2019: $355,784Expenses 2019: $349,845Net Income 2019: $5,9392019Revenue 2020: $236,284Expenses 2020: $234,163Net Income 2020: $2,1212020Revenue 2021: $365,613Expenses 2021: $325,173Net Income 2021: $40,4402021Revenue 2022: $289,926Expenses 2022: $297,505Net Income 2022: -$7,5792022Revenue 2023: $309,887Expenses 2023: $297,885Net Income 2023: $12,0022023

Highlighted filing

2017

Revenue$82,871
Expenses$74,341
Net Income$8,530
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 8, 2018
Return Version
2017v2.2
Gross Receipts
$461,614
Mission and Program Overview

Mission

To promote water recreation in the keokuk area

To promote water recreation in the keokuk, iowa area

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$100,247$145,300▲ $45,053
Cash and Non-Interest-Bearing Accounts$121,467$59,689▼ $61,778
Inventories for Sale or Use$13,620$13,045▼ $575
Total Assets$235,334$218,034▼ $17,300
Liabilities
Mortgage Notes Payable Secured by Investment Property$93,097$67,815▼ $25,282
Accounts Payable and Accrued Expenses$3,919$3,371▼ $548
Total Liabilities$97,016$71,186▼ $25,830
Net Assets / Fund Balance
Unrestricted Net Assets$138,318$146,848▲ $8,530
Total Net Assets Fund Balance$138,318$146,848▲ $8,530
Total Liabilities and Net Assets / Fund Balance$235,334$218,034▼ $17,300

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$140,033$84,077$224,110
Equipment$5,267$97,851$103,118
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Shirlee LaubersheimerSecretaryPT$8,750$8,750

Board Members and Trustees

NameTitle
Gary PezleyDirector
Jack DonahueDirector
Jeff ReichmanDirector
Jeff SpearsDirector
Kirk WestermeyerDirector
Mark ConleeDirector
Matt VigenDirector
Walt StephensDirector
Theresa Clark-sestitoCommodore
Shawn McdowellRear Commodore
Tom BoydVice Commodore
Revenue and Support

Revenue Composition

Contributions and Grants
$57,662
Program Service Revenue
$59,549
Investment Income
$268
Other Revenue
$-34,608
All Other Contributions
$6,587
Change in Net Assets
$8,530
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$64,880
Salaries, Compensation, and Employee Benefits$9,461
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy-$15,541-$15,541
Depreciation Depletion$9,802--$9,802
Insurance-$8,902-$8,902
Current Officers, Directors, Trustees, and Key Employees-$8,750-$8,750
All Other Expenses$7,445$938-$8,383
Fees for Services Accounting-$5,655-$5,655
Interest$2,341--$2,341
Other Expenses$2,375$2,323-$2,323
Office Expenses-$1,639-$1,639
Advertising-$909-$909
Payroll Taxes-$711-$711
Total Functional Expenses$28,973$45,368$0$74,341
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Line 6 explanation - members are community members that pay dues to belong to keokuk yacht club.

Form 990, Part VI, Section A, Line 7A

Line 7a explanation - voting members elect the current board members after which the decisions of the board are final. Voting members are, however, required to vote on any increase in dues.

Form 990, Part VI, Section A, Line 7B

Line 7b explanation - the only board decision that is voted upon is an increase in dues as was stated in 7b.

Form 990, Part VI, Section A, Line 8B

Line 9 explanation - there are no committees which act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

Line 11a - copies are sent to board members via e-mail to review

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Kyc Inc
EIN
42-1336038
Phone
3195249469
Address
2029 RIVER ROAD, KEOKUK, IA 52632

Signing Officer

Name
Walt Stephens
Title
Vice Commodore
Phone
3195249469
Signed
2018-05-08
Discuss with paid preparer
Yes

Organization Details

Formed
1989
Legal Domicile
Ia
Voting Board Members
10
Independent Board Members
10
Employees
10
Volunteers
0

Preparer

Firm
Menke & Company
Address
PO BOX 135, WEST POINT, IA 52656
Preparer
Ann M Menke
Phone
3198376042
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Supplies: program service expenses 2,074. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,074. Miscellaneous expense: program service expenses 1,703. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,703. Key cards: program service expenses 1,273. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,273. Lease expense: program service expenses 1,230. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,230. Equipment rental: program service expenses 1,141. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,141. Cash over/short: program service expenses 0. Management and general expenses 938. Fundraising expenses 0. Total expenses 938. License & permits: program service expenses 24. Management and general expenses 0. Fundraising expenses 0. Total expenses 24.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0103118
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0140033
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt084077
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0224110
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0145300
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 6 EXPLANATION - MEMBERS ARE COMMUNITY MEMBERS THAT PAY DUES TO BELONG TO KEOKUK YACHT CLUB.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LINE 7A EXPLANATION - VOTING MEMBERS ELECT THE CURRENT BOARD MEMBERS AFTER WHICH THE DECISIONS OF THE BOARD ARE FINAL. VOTING MEMBERS ARE, HOWEVER, REQUIRED TO VOTE ON ANY INCREASE IN DUES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LINE 7B EXPLANATION - THE ONLY BOARD DECISION THAT IS VOTED UPON IS AN INCREASE IN DUES AS WAS STATED IN 7B.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LINE 9 EXPLANATION - THERE ARE NO COMMITTEES WHICH ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LINE 11A - COPIES ARE SENT TO BOARD MEMBERS VIA E-MAIL TO REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SUPPLIES: PROGRAM SERVICE EXPENSES 2,074. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,074. MISCELLANEOUS EXPENSE: PROGRAM SERVICE EXPENSES 1,703. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,703. KEY CARDS: PROGRAM SERVICE EXPENSES 1,273. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,273. LEASE EXPENSE: PROGRAM SERVICE EXPENSES 1,230. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,230. EQUIPMENT RENTAL: PROGRAM SERVICE EXPENSES 1,141. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,141. CASH OVER/SHORT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 938. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 938. LICENSE & PERMITS: PROGRAM SERVICE EXPENSES 24. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0235334
IRS990/TotalAssetsEOYAmt0218034
IRS990/TotalAssetsGrp/BOYAmt0235334
IRS990/TotalAssetsGrp/EOYAmt0218034
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt057662
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt045368
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt028973
IRS990/TotalFunctionalExpensesGrp/TotalAmt074341
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt097016
IRS990/TotalLiabilitiesEOYAmt071186
IRS990/TotalLiabilitiesGrp/BOYAmt097016
IRS990/TotalLiabilitiesGrp/EOYAmt071186
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0138318
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0146848
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt028973
IRS990/TotalProgramServiceRevenueAmt059549
IRS990/TotalReportableCompFromOrgAmt08750
IRS990/TotalRevenueGrp/ExclusionAmt0-34340
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt059549
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt082871
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0235334
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0218034
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0138318
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0146848
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02029 RIVER ROAD
IRS990/USAddress/CityNm0KEOKUK
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052632
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.KEOKUKYACHTCLUB.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WALT STEPHENS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE COMMODORE
ReturnHeader/BusinessOfficerGrp/PhoneNum03195249469
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KYC INC
ReturnHeader/Filer/BusinessNameControlTxt0KYCI
ReturnHeader/Filer/EIN0421336038
ReturnHeader/Filer/PhoneNum03195249469
ReturnHeader/Filer/USAddress/AddressLine1Txt02029 RIVER ROAD
ReturnHeader/Filer/USAddress/CityNm0KEOKUK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd052632
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId07631381FBE3C96FEC71B4100EA6AEDA6A8DCBDB7
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0192.119.236.34
ReturnHeader/FilingSecurityInformation/IPDt02018-05-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm011:28:47
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421363298
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MENKE & COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 135
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WEST POINT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd052656
ReturnHeader/PreparerPersonGrp/PhoneNum03198376042
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANN M MENKE
ReturnHeader/ReturnTs02018-05-11T12:11:04-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$2.23$0.17$2.06$3.10$2.98$0.12
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.19$0.24$1.94$2.90$2.98$0.08
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.26$0.24$2.02$3.66$3.25$0.40
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.30$0.52$1.79$2.36$2.34$0.02
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.40$0.81$1.59$3.56$3.50$0.06
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.96$0.43$1.53$3.34$3.28$0.06
2017Detailed filing. Detailed filing data is available for this year.$2.18$0.71$1.47$0.83$0.74$0.09
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.35$0.97$1.38$1.06$0.83$0.23
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$0.14$0.47$1.04$0.91$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.39$0.05$0.33$0.98$1.04$0.06
2013Detailed filing. Detailed filing data is available for this year.$0.42$0.03$0.39$2.38$2.41$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.13$0.43$2.21
2011Summary only. Only limited summary data is available for this year.$0.40$0.22$0.17$2.21$1.99$0.23