Civic Intelligence

Cchn Ventures Inc

990 • Fiscal year 2015 • EIN 45-2822201

Apr 01, 2014 to Mar 31, 2015 • Filed on Dec 10, 2015

600 Grant Street Ste 800Denver, CO 80203

(303) 861-5165

Siviq Scores

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

Liabilities / Assets

50th percentile

0.10x

Higher debt load relative to assets than 50% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

23rd percentile

0.01x

Higher debt load relative to revenue than 23% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

89th percentile

41%

Higher net margin than 89% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

97th percentile

260%

Faster revenue growth than 97% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$6,486

Down $2,658,818 (-100%) from 2014

Net Assets

Down

$5,805

Down $2,655,843 (-100%) from 2014

Liabilities

Down

$681

Down $2,975 (-81%) from 2014

Revenue

Up

$45,490

Up $32,841 (+260%) from 2014

Expenses

Down

$26,863

Down $24,932 (-48%) from 2014

Net Income

Up

$18,627

Up $57,773 (+148%) from 2014

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2012: $2,940,789Liabilities 2012: $9,364Net Assets 2012: $2,931,4252012Assets 2013: $2,887,992Liabilities 2013: $5,838Net Assets 2013: $2,882,1542013Assets 2014: $2,665,304Liabilities 2014: $3,656Net Assets 2014: $2,661,6482014Assets 2015: $6,486Liabilities 2015: $681Net Assets 2015: $5,8052015Assets 2016: $4,259Liabilities 2016: $1952016Assets 2017: $3,154Net Assets 2017: $3,1542017Assets 2018: $3,044Net Assets 2018: $3,0442018Assets 2019: $2,944Net Assets 2019: $2,9442019Assets 2020: $2,834Net Assets 2020: $2,8342020Assets 2021: $0Net Assets 2021: $02021

Highlighted filing

2015

Assets$6,486
Liabilities$681
Net Assets$5,805

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $3,001,002Expenses 2012: $69,577Net Income 2012: $2,931,4252012Revenue 2013: $31,197Expenses 2013: $57,695Net Income 2013: -$26,4982013Revenue 2014: $12,649Expenses 2014: $51,795Net Income 2014: -$39,1462014Revenue 2015: $45,490Expenses 2015: $26,863Net Income 2015: $18,6272015Revenue 2016: $0Expenses 2016: $1,741Net Income 2016: -$1,7412016Expenses 2017: $9102017Expenses 2018: $1102018Expenses 2019: $1002019Expenses 2020: $1102020Expenses 2021: $2,8342021

Highlighted filing

2015

Revenue$45,490
Expenses$26,863
Net Income$18,627
Jump To
Filing Snapshot
Filing Period
Apr 1, 2014 to Mar 31, 2015
Signed
Dec 10, 2015
Return Version
2014v5.0
Gross Receipts
$1,713,626
Mission and Program Overview

Mission

Cchn ventures is a charitable organization which serves to manage funding programs annually for community health centers or other qualified health care providers within the state of colorado, in order to help ensure that its low income residents have access to affordable, high quality, primary health care.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,668,100--
Other Notes and Loans Receivable, Net$789,042--
Savings and Temporary Cash Investments$197,049$6,486▼ $190,563
Prepaid Expenses and Deferred Charges$3,000--
Other Assets Total$8,113--
Total Assets$2,665,304$6,486▼ $2,658,818
Liabilities
Accounts Payable and Accrued Expenses$3,656$681▼ $2,975
Total Liabilities$3,656$681▼ $2,975
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,661,648--
Unrestricted Net Assets-$5,805-
Total Net Assets Fund Balance$2,661,648$5,805▼ $2,655,843
Total Liabilities and Net Assets / Fund Balance$2,665,304$6,486▼ $2,658,818
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$11,577
Investment Income
$33,913
Other Revenue
$0
Change in Net Assets
$18,627

Audited Revenue Reconciliation

Revenue per Audited Statements
$45,490
Total Revenue per Audited Statements
$45,490
Total Revenue per Form 990
$45,490
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$26,863
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
Fees for Services Other$10,215$10,216-$20,431
Fees for Services Legal$1,507$1,508-$3,015
Fees for Services Accounting$969$969-$1,938
Office Expenses$592$590-$1,182
Occupancy$388$389-$777
Conferences and Meetings$309$309-$618
Insurance$14$14-$28
Other Expenses$-563$-563-$-1,126
Total Functional Expenses$13,431$13,432$0$26,863

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$26,863
Total Expenses per Audited Statements$26,863
Total Expenses per Form 990$26,863
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 4

During the fiscal year, the loan program was discontinued. Consequently, the mission has changed and the loan committee no longer exists. The required number of board meetings has changed from the requirement of an annual meeting to at least every two years.

Form 990, Page 6, Part VI, Line 11B

The board of directors receives and reviews the 990 before voting to approve it. Once approved, the chair of the board signs the form and the form is filed.

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

At the beginning of each board meeting, members are asked to declare conflicts of interest. If any conflict is declared, that member is asked to excuse him or herself from any decision involving the stated conflict. Annually all board members are formally surveyed to determine any conflicts of interest encountered in the past year. All board members must complete and sign the annual survey, and the completed, signed surveys are kept on file.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Cchn Ventures Inc
EIN
45-2822201
Phone
3038615165
Address
600 GRANT STREET STE 800, DENVER, CO 80203

Signing Officer

Name
David Pump
Title
Board Chair
Phone
3038615165
Signed
2015-12-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Annette Kowal
Formed
2011
Legal Domicile
Co
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Jds Professional Group
Address
10303 E DRY CREEK RD STE 400, ENGLEWOOD, CO 80112
Preparer
Lori B Bauer CPA
Phone
3037710123
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Cchn ventures is a charitable organization which serves to manage funding programs annually for community health centers or other qualified health care providers within the state of colorado, in order to help ensure that its low income residents have access to affordable, high quality, primary health care.

Form 990, Page 2, Part III, Line 3

Current program ceased during the fiscal year.

Form 990, Part IX, Line 11G

Contracted services 10,215 10,216 0

Form 990, Part XI, Line 9

Return of assets to funder 2,674,470

Financial Statement Notes

Schedule D, Page 3, Part X

The organization follows accounting for uncertainty in income taxes, which requires the organization to determine whether a tax position (and the related tax benefit) is more likely than not to be sustained upon examination by the applicable taxing authority, based solely on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon settlement, presuming that the tax position is examined by the appropriate taxing authority that has full knowledge of all relevant information. During the years ended march 31, 2015 and 2014, the organization's management evaluated its tax positions to determine the existence of uncertainties, and did not note any matters that would require recognition or which may have an effect on its tax-exempt status.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION FOLLOWS ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH REQUIRES THE ORGANIZATION TO DETERMINE WHETHER A TAX POSITION (AND THE RELATED TAX BENEFIT) IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY, BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT TO BE RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN FIFTY PERCENT LIKELY OF BEING REALIZED UPON SETTLEMENT, PRESUMING THAT THE TAX POSITION IS EXAMINED BY THE APPROPRIATE TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. DURING THE YEARS ENDED MARCH 31, 2015 AND 2014, THE ORGANIZATION'S MANAGEMENT EVALUATED ITS TAX POSITIONS TO DETERMINE THE EXISTENCE OF UNCERTAINTIES, AND DID NOT NOTE ANY MATTERS THAT WOULD REQUIRE RECOGNITION OR WHICH MAY HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalRevenuePerForm990Amt045490
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt045490
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt026863
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IRS990ScheduleN/DirectorOfSuccessor2Ind0false
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0SECURITIES/CASH/LR
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02014-07-31
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0742568941
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt02674470
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0501C3
IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm0THE COLORADO HEALTH FOUNDATION
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt0501 S CHERRY 1100
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0DENVER
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IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0TCHF NOTIFIED CCHN THAT THE PROGRAM WOULD NOT BE RENEWED AND THE TERM WOULD EXPIRE JULY 13, 2014. TCHF REQUESTED THAT ALL REMAINING ASSETS FROM THE INITIAL 3 MILLION GRANT BE RETURNED. ASSETS DISTRIBUTED WERE SECURITIES, CASH & LOANS RECEIVABLE.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE N
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CCHN VENTURES IS A CHARITABLE ORGANIZATION WHICH SERVES TO MANAGE FUNDING PROGRAMS ANNUALLY FOR COMMUNITY HEALTH CENTERS OR OTHER QUALIFIED HEALTH CARE PROVIDERS WITHIN THE STATE OF COLORADO, IN ORDER TO HELP ENSURE THAT ITS LOW INCOME RESIDENTS HAVE ACCESS TO AFFORDABLE, HIGH QUALITY, PRIMARY HEALTH CARE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CURRENT PROGRAM CEASED DURING THE FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DURING THE FISCAL YEAR, THE LOAN PROGRAM WAS DISCONTINUED. CONSEQUENTLY, THE MISSION HAS CHANGED AND THE LOAN COMMITTEE NO LONGER EXISTS. THE REQUIRED NUMBER OF BOARD MEETINGS HAS CHANGED FROM THE REQUIREMENT OF AN ANNUAL MEETING TO AT LEAST EVERY TWO YEARS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS RECEIVES AND REVIEWS THE 990 BEFORE VOTING TO APPROVE IT. ONCE APPROVED, THE CHAIR OF THE BOARD SIGNS THE FORM AND THE FORM IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AT THE BEGINNING OF EACH BOARD MEETING, MEMBERS ARE ASKED TO DECLARE CONFLICTS OF INTEREST. IF ANY CONFLICT IS DECLARED, THAT MEMBER IS ASKED TO EXCUSE HIM OR HERSELF FROM ANY DECISION INVOLVING THE STATED CONFLICT. ANNUALLY ALL BOARD MEMBERS ARE FORMALLY SURVEYED TO DETERMINE ANY CONFLICTS OF INTEREST ENCOUNTERED IN THE PAST YEAR. ALL BOARD MEMBERS MUST COMPLETE AND SIGN THE ANNUAL SURVEY, AND THE COMPLETED, SIGNED SURVEYS ARE KEPT ON FILE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONTRACTED SERVICES 10,215 10,216 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7RETURN OF ASSETS TO FUNDER 2,674,470
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HEALTHCARE
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0DENVER
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
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IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0true
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt03916
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt114428
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt21031
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FINANCIAL RECORDS
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FINANCIAL RECORDS
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2FINANCIAL RECORDS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CCHN
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1CCHN
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt06486
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt013431
IRS990/TotalFunctionalExpensesGrp/TotalAmt026863
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03656
IRS990/TotalLiabilitiesEOYAmt0681
IRS990/TotalLiabilitiesGrp/BOYAmt03656
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05805
IRS990/TotalProgramServiceExpensesAmt013431
IRS990/TotalProgramServiceRevenueAmt011577
IRS990/TotalRevenueGrp/ExclusionAmt033913
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt011577
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt045490
IRS990/TotalVolunteersCnt06
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06486
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/EOYAmt05805
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0600 GRANT STREET STE 800
IRS990/USAddress/CityNm0DENVER
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080203
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID PUMP
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum03038615165
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-12-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CCHN VENTURES INC
ReturnHeader/Filer/BusinessNameControlTxt0CCHN
ReturnHeader/Filer/EIN0452822201
ReturnHeader/Filer/PhoneNum03038615165
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ReturnHeader/Filer/USAddress/ZIPCd080203
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0208019714
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JDS PROFESSIONAL GROUP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010303 E DRY CREEK RD STE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ENGLEWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
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