Civic Intelligence

Ires Foundation

990 • Fiscal year 2018 • EIN 43-1589012

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 05, 2019

PO Box 17422St Paul, MN 55117

(612) 486-2536

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.18x

Higher debt load relative to assets than 82% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

89th percentile

0.27x

Higher debt load relative to revenue than 89% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

73rd percentile

18%

Higher net margin than 73% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

61st percentile

8.4%

Faster asset growth than 61% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

55th percentile

4.0%

Faster revenue growth than 55% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$380,795

Up $29,602 (+8.4%) from 2017

Net Assets

Up

$313,652

Up $43,154 (+16%) from 2017

Liabilities

Down

$67,143

Down $13,552 (-17%) from 2017

Revenue

Up

$245,993

Up $9,420 (+4.0%) from 2017

Expenses

Down

$202,839

Down $10,256 (-4.8%) from 2017

Net Income

Up

$43,154

Up $19,676 (+84%) from 2017

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2010: $168,032Liabilities 2010: $0Net Assets 2010: $168,0322010Assets 2011: $216,425Liabilities 2011: $24,270Net Assets 2011: $192,1552011Assets 2012: $283,182Liabilities 2012: $42,660Net Assets 2012: $240,5222012Assets 2013: $260,428Liabilities 2013: $0Net Assets 2013: $260,4282013Assets 2014: $327,873Liabilities 2014: $38,530Net Assets 2014: $289,3432014Assets 2015: $328,323Liabilities 2015: $58,340Net Assets 2015: $269,9832015Assets 2016: $322,875Liabilities 2016: $75,855Net Assets 2016: $247,0202016Assets 2017: $351,193Liabilities 2017: $80,695Net Assets 2017: $270,4982017Assets 2018: $380,795Liabilities 2018: $67,143Net Assets 2018: $313,6522018Assets 2019: $358,576Liabilities 2019: $45,620Net Assets 2019: $312,9562019Assets 2020: $374,472Liabilities 2020: $106,865Net Assets 2020: $267,6072020Assets 2021: $349,290Liabilities 2021: $19,500Net Assets 2021: $329,7902021Assets 2022: $363,075Liabilities 2022: $24,825Net Assets 2022: $338,2502022Assets 2023: $381,923Liabilities 2023: $0Net Assets 2023: $381,9232023Assets 2024: $308,845Liabilities 2024: $0Net Assets 2024: $308,8452024

Highlighted filing

2018

Assets$380,795
Liabilities$67,143
Net Assets$313,652

Operations Trend

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

$400K$200K$0-$200KRevenue 2010: $165,172Expenses 2010: $184,015Net Income 2010: -$18,8432010Expenses 2011: $182,9932011Expenses 2012: $170,7252012Revenue 2013: $244,427Expenses 2013: $224,525Net Income 2013: $19,9022013Revenue 2014: $185,060Expenses 2014: $156,145Net Income 2014: $28,9152014Revenue 2015: $197,237Expenses 2015: $216,597Net Income 2015: -$19,3602015Revenue 2016: $209,706Expenses 2016: $232,669Net Income 2016: -$22,9632016Revenue 2017: $236,573Expenses 2017: $213,095Net Income 2017: $23,4782017Revenue 2018: $245,993Expenses 2018: $202,839Net Income 2018: $43,1542018Revenue 2019: $247,554Expenses 2019: $248,250Net Income 2019: -$6962019Revenue 2020: $35,022Expenses 2020: $80,371Net Income 2020: -$45,3492020Revenue 2021: $155,791Expenses 2021: $93,608Net Income 2021: $62,1832021Revenue 2022: $191,264Expenses 2022: $182,804Net Income 2022: $8,4602022Revenue 2023: $286,459Expenses 2023: $242,786Net Income 2023: $43,6732023Revenue 2024: $293,202Expenses 2024: $366,280Net Income 2024: -$73,0782024

Highlighted filing

2018

Revenue$245,993
Expenses$202,839
Net Income$43,154
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 5, 2019
Return Version
2018v3.1
Gross Receipts
$245,993
Mission and Program Overview

Mission

To assist in the development of educational and training opportunities for professional insurance regulators as well as educating the private sector about state insurance regulation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$270,498$313,652▲ $43,154
Cash and Non-Interest-Bearing Accounts$189,693$218,556▲ $28,863
Savings and Temporary Cash Investments$161,500$162,239▲ $739
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$351,193$380,795▲ $29,602
Liabilities
Other Liabilities$80,695$67,143▼ $13,552
Total Liabilities$80,695$67,143▼ $13,552
Net Assets / Fund Balance
Total Net Assets Fund Balance$270,498$313,652▲ $43,154
Total Liabilities and Net Assets / Fund Balance$351,193$380,795▲ $29,602
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$67,275
Program Service Revenue
$177,980
Investment Income
$738
Other Revenue
$0
All Other Contributions
$67,275
Change in Net Assets
$43,154
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$202,839
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$84,849--$84,849
Fees for Services Management$2,246$52,794-$55,040
Travel$4,369$85-$4,454
Other Expenses$3,850$195-$4,045
Insurance$376$3,256-$3,632
Fees for Services Other-$1,351-$1,351
All Other Expenses$50$1,258-$1,308
Total Functional Expenses$143,900$58,939$0$202,839
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits - Future Conferences$67,143
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Administrative functions are provided by - by design events, po box 17422, saint paul, mn 55117.

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

Directors are provided a copy of the 990 prior to filing.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Ires Foundation
EIN
43-1589012
Phone
6124862536
Address
PO BOX 17422, ST PAUL, MN 55117

Signing Officer

Name
Robin Bogdanich
Title
Treasurer
Phone
6124862536
Signed
2019-04-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robin Bogdanich
Formed
1991
Legal Domicile
Mn
Voting Board Members
25
Independent Board Members
25
Employees
0
Volunteers
28

Preparer

Firm
Thomas Lewis & Associates Pa
Address
6700 FRANCE AVENUE STE 116, MINNEAPOLIS, MN 55435
Preparer
Thomas Lewis CPA
Phone
9528351510
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
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IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0245993
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt025
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt03256
IRS990/InsuranceGrp/ProgramServicesAmt0376
IRS990/InsuranceGrp/TotalAmt03632
IRS990/InvestmentIncomeGrp/ExclusionAmt0738
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0738
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ASSIST IN THE DEVELOPMENT OF EDUCATIONAL AND TRAINING OPPORTUNITIES FOR PROFESSIONAL INSURANCE REGULATORS AS WELL AS EDUCATING THE PRIVATE SECTOR ABOUT STATE INSURANCE REGULATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0270498
IRS990/NetAssetsOrFundBalancesEOYAmt0313652
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0EQUIPMENT RENTAL
IRS990/OtherExpensesGrp/Desc1AWARDS & GRANTS
IRS990/OtherExpensesGrp/Desc2BANK FEES
IRS990/OtherExpensesGrp/Desc3SUPPLIES, POSTAGE, PRIN
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0195
IRS990/OtherExpensesGrp/ProgramServicesAmt026964
IRS990/OtherExpensesGrp/ProgramServicesAmt115411
IRS990/OtherExpensesGrp/ProgramServicesAmt25785
IRS990/OtherExpensesGrp/ProgramServicesAmt33850
IRS990/OtherExpensesGrp/TotalAmt026964
IRS990/OtherExpensesGrp/TotalAmt115411
IRS990/OtherExpensesGrp/TotalAmt25785
IRS990/OtherExpensesGrp/TotalAmt34045
IRS990/OtherLiabilitiesGrp/BOYAmt080695
IRS990/OtherLiabilitiesGrp/EOYAmt067143
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ROBIN BOGDANICH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0CONFERENCES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0177980
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0177980
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt070000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt097
IRS990/PYOtherExpensesAmt0213095
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0166476
IRS990/PYRevenuesLessExpensesAmt023478
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0213095
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0236573
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt043154
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0177980
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0270498
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0313652
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0161500
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0162239
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt067275
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt070000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt066500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt056000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt058000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0317775
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0738
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt097
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt097
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0108
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0161
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01201
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0753954
IRS990ScheduleA/PublicSupportCY170Pct00.99620
IRS990ScheduleA/PublicSupportPY170Pct00.99790
IRS990ScheduleA/PublicSupportTotal170Amt0317775
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt067275
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt070000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt066500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt056000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt058000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0317775
IRS990ScheduleA/TotalSupportAmt0318976
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt067143
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS - FUTURE CONFERENCES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt067143
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ADMINISTRATIVE FUNCTIONS ARE PROVIDED BY - BY DESIGN EVENTS, PO BOX 17422, SAINT PAUL, MN 55117.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DIRECTORS ARE PROVIDED A COPY OF THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.09$0.00$3.09$2.93$3.66$0.73
2023Detailed filing. Detailed filing data is available for this year.$3.82$0.00$3.82$2.86$2.43$0.44
2022Detailed filing. Detailed filing data is available for this year.$3.63$0.25$3.38$1.91$1.83$0.08
2021Detailed filing. Detailed filing data is available for this year.$3.49$0.20$3.30$1.56$0.94$0.62
2020Detailed filing. Detailed filing data is available for this year.$3.74$1.07$2.68$0.35$0.80$0.45
2019Detailed filing. Detailed filing data is available for this year.$3.59$0.46$3.13$2.48$2.48$0.01
2018Detailed filing. Detailed filing data is available for this year.$3.81$0.67$3.14$2.46$2.03$0.43
2017Detailed filing. Detailed filing data is available for this year.$3.51$0.81$2.70$2.37$2.13$0.23
2016Detailed filing. Detailed filing data is available for this year.$3.23$0.76$2.47$2.10$2.33$0.23
2015Detailed filing. Detailed filing data is available for this year.$3.28$0.58$2.70$1.97$2.17$0.19
2014Detailed filing. Detailed filing data is available for this year.$3.28$0.39$2.89$1.85$1.56$0.29
2013Detailed filing. Detailed filing data is available for this year.$2.60$0.00$2.60$2.44$2.25$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.83$0.43$2.41$1.71
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$0.24$1.92$1.83
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.68$0.00$1.68$1.65$1.84$0.19