Civic Intelligence

Area Research Co

990 • Fiscal year 2015 • EIN 45-3739543

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 25, 2016

Organization Profilearearesearch .org
410 N MICHIGAN AVE No 1600Chicago, IL 60611

(312) 755-0770

Siviq Scores

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

Liabilities / Assets

95th percentile

1.07x

Higher debt load relative to assets than 95% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

94th percentile

0.65x

Higher debt load relative to revenue than 94% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

40th percentile

-0.1%

Higher net margin than 40% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

87th percentile

66%

Faster asset growth than 87% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

89th percentile

63%

Faster revenue growth than 89% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$147,163

Up $58,572 (+66%) from 2014

Net Assets

-$10,514

No earlier filing loaded for comparison.

Liabilities

Up

$157,677

Up $58,700 (+59%) from 2014

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin40th percentile

Revenue

Up

$241,166

Up $93,171 (+63%) from 2014

Expenses

Up

$241,294

Up $93,243 (+63%) from 2014

Net Income

Down

-$128

Down $72 (-129%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

$200K$150K$100K$50K$0-$50KAssets 2014: $88,591Liabilities 2014: $98,9772014Assets 2015: $147,163Liabilities 2015: $157,677Net Assets 2015: -$10,5142015Assets 2016: $129,481Liabilities 2016: $143,160Net Assets 2016: -$13,6792016Assets 2017: $107,417Liabilities 2017: $116,889Net Assets 2017: -$9,4722017Assets 2018: $107,330Liabilities 2018: $118,354Net Assets 2018: -$11,0242018Assets 2019: $10,363Liabilities 2019: $13,279Net Assets 2019: -$2,9162019Assets 2020: $7,292Liabilities 2020: $9,038Net Assets 2020: -$1,7462020Assets 2021: $13,752Liabilities 2021: $3,190Net Assets 2021: $10,5622021Assets 2022: $25,875Liabilities 2022: $3,190Net Assets 2022: $22,6852022Assets 2023: $27,984Liabilities 2023: $3,190Net Assets 2023: $24,7942023Assets 2024: $20,168Liabilities 2024: $5,150Net Assets 2024: $15,0182024

Highlighted filing

2015

Assets$147,163
Liabilities$157,677
Net Assets-$10,514
Open 2015 Filing

Operations Trend

Revenue Growth89th percentile

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

$300K$200K$100K$0-$100KRevenue 2014: $147,995Expenses 2014: $148,051Net Income 2014: -$562014Revenue 2015: $241,166Expenses 2015: $241,294Net Income 2015: -$1282015Revenue 2016: $39,500Expenses 2016: $42,665Net Income 2016: -$3,1652016Revenue 2017: $38,343Expenses 2017: $34,136Net Income 2017: $4,2072017Revenue 2018: $2,000Expenses 2018: $3,552Net Income 2018: -$1,5522018Revenue 2019: $11,416Expenses 2019: $3,308Net Income 2019: $8,1082019Revenue 2020: $13,401Expenses 2020: $12,231Net Income 2020: $1,1702020Revenue 2021: $32,493Expenses 2021: $20,185Net Income 2021: $12,3082021Revenue 2022: $27,846Expenses 2022: $15,723Net Income 2022: $12,1232022Revenue 2023: $40,139Expenses 2023: $38,030Net Income 2023: $2,1092023Revenue 2024: $30,208Expenses 2024: $39,984Net Income 2024: -$9,7762024

Highlighted filing

2015

Revenue$241,166
Expenses$241,294
Net Income-$128
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 25, 2016
Return Version
2015v2.1
Gross Receipts
$241,166
Mission and Program Overview

Mission

Conducting scientific research related to the built environment for the benefit of the public interest.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors-$96,000-
Cash and Non-Interest-Bearing Accounts$40,902$92,111▲ $51,209
Accounts Receivable$38,220$55,052▲ $16,832
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-10,386$-10,514▼ $128
Total Assets$67,591$147,163▲ $79,572
Other Assets Total$-11,531$0▲ $11,531
Liabilities
Accounts Payable and Accrued Expenses$77,977$61,677▼ $16,300
Total Liabilities$77,977$157,677▲ $79,700
Net Assets / Fund Balance
Total Net Assets Fund Balance$-10,386$-10,514▼ $128
Total Liabilities and Net Assets / Fund Balance$67,591$147,163▲ $79,572
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Philip HarrisonPresident
John HaymakerDirector
David GreenChief Executive Officer
Brodie StephensSecretary
Joseph DaileyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Perkins Will Virgina INCArchitectural Research1250 24TH ST NW, Washington, DC 20037$195,411
Revenue and Support

Revenue Composition

Contributions and Grants
$241,166
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$241,166
Change in Net Assets
$-128
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$241,294
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$197,955--$197,955
Travel$2,250--$2,250
Other Expenses$128--$128
Total Functional Expenses$241,294$0$0$241,294
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Related OfficersPerformance of ServicesNo$195,411

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$96,000-
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
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 2

“the officers and director of AREA Research Co. are related to each other through a business relationship. In addition to their positions in AREA Research Co., the officers and director are also principals (employee/owners) of PERKINS + WILL, INC.”

Form 990, Part VI, Section A, line 3

“Area research co has a management services agreement with perkins + will, inc to provide certain information technology, legal, financial and accounting, human resources and other administrative support services.”

Form 990, Part VI, Section A, line 6

“The organization has directors and a steering committee”

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

“The organization has a steering committee to elect the directors and to set policy for the company.”

Form 990, Part VI, Section B, line 11

“The tax return is reviewed by the director and steering committee before submission to the taxing authorities.”

Form 990, Part VI, Section B, line 12C

“Each director, principal officer and member of a committee with director delegated powers shall annually sign a statement which affirms such person (a) Has received a copy of the conflicts of interest policy, (b) Has read and understands the policy, (c) Has agreed to comply with the policy, and (d) Understands the corporation i s charitable and in order to maintain its federal tax exemption it must engage exclusively in activities which accomplish one or more of its tax-exempt purposes”

Form 990, Part VI, Section C, line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Area Research Co
EIN
45-3739543
Phone
3127550770
Address
410 N MICHIGAN AVE No 1600, CHICAGO, IL 60611

Signing Officer

Name
Philip Harrison
Title
President
Phone
3127550770
Signed
2016-08-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Philip Harrison
Formed
2011
Legal Domicile
De
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Fgmk LLC
Address
2801 Lakeside Drive 3rd Floor, Bannockburn, IL 60015
Preparer
Howard Stone
Phone
8473740400
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“RESEARCH SERVICES: Program service expenses 197,955. Management and general expenses 0. Fundraising expenses 0. Total expenses 197,955.”

Raw XML Appendix335 raw XML fields

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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IRS990/Desc0THE COMPANY IS CHARGED WITH PROCURRING FUNDING FOR RESEARCH THAT RESULTS IN THE PRODUCTION OF PEER REVIEWED, PUBLISHABLE INFORMATION WHICH WILL BE MADE AVAILABLE TO THE INTERESTED PUBLIC THROUGH RESEARCH PUBLICATIONS, RESEARCH JOURNALS, PROFESSIONAL PUBLICATIONS, CONFERENCES AND OTHER CONVENTIONAL OUTLETS. THE INFORMATION PRODUCED BY THE COMPANY'S RESEARCH WILL BE PUBLIC AND WILL FOLLOW STANDARD RESEARCH PROTOCOLS. THE COMPANY WILL PARTNER WITH OTHER RESEARCH ORGANIZATIONS IN THE PURSUIT OF FUNDING FOR RESEARCH AND THE EXECUTION OF THE RESEACH PROJECTS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990/MissionDesc0The vision of the Company is to engage in scientific research that results in a higher quality of the built environment and, by extension, the lives of the inhabitants of those environments. The mission of the Company is to provide a platform that bridges the academic design and research disciplines and the design professions and allows for substantive research through the collaboration of the two.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0the officers and director of AREA Research Co. are related to each other through a business relationship. In addition to their positions in AREA Research Co., the officers and director are also principals (employee/owners) of PERKINS + WILL, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AREA RESEARCH CO HAS A MANAGEMENT SERVICES AGREEMENT WITH PERKINS + WILL, INC TO PROVIDE CERTAIN INFORMATION TECHNOLOGY, LEGAL, FINANCIAL AND ACCOUNTING, HUMAN RESOURCES AND OTHER ADMINISTRATIVE SUPPORT SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS DIRECTORS AND A STEERING COMMITTEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS A STEERING COMMITTEE TO ELECT THE DIRECTORS AND TO SET POLICY FOR THE COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE TAX RETURN IS REVIEWED BY THE DIRECTOR AND STEERING COMMITTEE BEFORE SUBMISSION TO THE TAXING AUTHORITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Each director, principal officer and member of a committee with director delegated powers shall annually sign a statement which affirms such person (a) Has received a copy of the conflicts of interest policy, (b) Has read and understands the policy, (c) Has agreed to comply with the policy, and (d) Understands the corporation i s charitable and in order to maintain its federal tax exemption it must engage exclusively in activities which accomplish one or more of its tax-exempt purposes
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7RESEARCH SERVICES: Program service expenses 197,955. Management and general expenses 0. Fundraising expenses 0. Total expenses 197,955.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt067591
IRS990/TotalAssetsEOYAmt0147163
IRS990/TotalAssetsGrp/BOYAmt067591
IRS990/TotalAssetsGrp/EOYAmt0147163
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0241166
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0241294
IRS990/TotalFunctionalExpensesGrp/TotalAmt0241294
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt077977
IRS990/TotalLiabilitiesEOYAmt0157677
IRS990/TotalLiabilitiesGrp/BOYAmt077977
IRS990/TotalLiabilitiesGrp/EOYAmt0157677
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-10386
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-10514
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0241294
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0241166
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt067591
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0147163
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt02250
IRS990/TravelGrp/TotalAmt02250
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0410 N MICHIGAN AVE No 1600
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060611
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0arearesearch .org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PHILIP HARRISON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03127550770
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AREA RESEARCH CO
ReturnHeader/Filer/BusinessNameControlTxt0AREA
ReturnHeader/Filer/EIN0453739543
ReturnHeader/Filer/PhoneNum03127550770
ReturnHeader/Filer/USAddress/AddressLine1Txt0410 N MICHIGAN AVE No 1600
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060611
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0362929601
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FGMK LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02801 Lakeside Drive 3rd Floor
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bannockburn
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060015
ReturnHeader/PreparerPersonGrp/PhoneNum08473740400
ReturnHeader/PreparerPersonGrp/PreparationDt02016-08-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Howard Stone
ReturnHeader/ReturnTs02016-08-29T18:35:38-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$147,163
Liabilities
$157,677
Net assets
-$10,514
Revenue
$241,166
Expenses
$241,294
Net income
-$128
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.20$0.05$0.15$0.30$0.40$0.10
2023Detailed filing. Detailed filing data is available for this year.$0.28$0.03$0.25$0.40$0.38$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.26$0.03$0.23$0.28$0.16$0.12
2021Detailed filing. Detailed filing data is available for this year.$0.14$0.03$0.11$0.32$0.20$0.12
2020Detailed filing. Detailed filing data is available for this year.$0.07$0.09$0.02$0.13$0.12$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.10$0.13$0.03$0.11$0.03$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.07$1.18$0.11$0.02$0.04$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.07$1.17$0.09$0.38$0.34$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.29$1.43$0.14$0.40$0.43$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.47$1.58$0.11$2.41$2.41$0.00
2014Summary only. Only limited summary data is available for this year.$0.89$0.99$1.48$1.48$0.00