Civic Intelligence

Southeastern Wind Coalition Inc.

990 • Fiscal year 2016 • EIN 45-5022829

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 16, 2017

PO Box 27992Raleigh, NC 27611

(303) 564-9687

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.00x

Higher debt load relative to assets than 52% of similar nonprofits.

2016 filings • NTEE C • <$500k nonprofits • Source year 2016

Liabilities / Revenue

50th percentile

0.00x

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

2016 filings • NTEE C • <$500k nonprofits • Source year 2016

Net Margin

82nd percentile

35%

Higher net margin than 82% of similar nonprofits.

2016 filings • NTEE C • <$500k nonprofits • Source year 2016

Top Officer Pay

99th percentile

$142,500

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 38.7% of source-year revenue.

2016 filings • NTEE C • <$500k nonprofits • Source year 2016

Asset Growth

87th percentile

71%

Faster asset growth than 87% of similar nonprofits.

2016 filings • NTEE C • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

40th percentile

-3.5%

Faster revenue growth than 40% of similar nonprofits.

2016 filings • NTEE C • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$299,961

Up $124,060 (+71%) from 2015

Net Assets

Up

$299,408

Up $130,761 (+78%) from 2015

Liabilities

Down

$553

Down $6,701 (-92%) from 2015

Revenue

Down

$368,475

Down $13,374 (-3.5%) from 2015

Expenses

Down

$237,714

Down $67,096 (-22%) from 2015

Net Income

Up

$130,761

Up $53,722 (+70%) from 2015

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2012: $48,255Liabilities 2012: $1,5552012Assets 2013: $30,658Liabilities 2013: $3,046Net Assets 2013: $27,6122013Assets 2014: $96,920Liabilities 2014: $5,312Net Assets 2014: $91,6082014Assets 2015: $175,901Liabilities 2015: $7,254Net Assets 2015: $168,6472015Assets 2016: $299,961Liabilities 2016: $553Net Assets 2016: $299,4082016Assets 2017: $380,579Liabilities 2017: $925Net Assets 2017: $379,6542017Assets 2018: $436,298Liabilities 2018: $953Net Assets 2018: $435,3452018Assets 2019: $461,959Liabilities 2019: $4,810Net Assets 2019: $457,1492019Assets 2020: $539,484Liabilities 2020: $1,277Net Assets 2020: $538,2072020Assets 2021: $649,305Liabilities 2021: $7,056Net Assets 2021: $642,2492021Assets 2022: $1,093,424Liabilities 2022: $16,714Net Assets 2022: $1,076,7102022Assets 2023: $1,130,637Liabilities 2023: $31,627Net Assets 2023: $1,099,0102023Assets 2024: $1,625,210Liabilities 2024: $239,177Net Assets 2024: $1,386,0332024

Highlighted filing

2016

Assets$299,961
Liabilities$553
Net Assets$299,408

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2012: $147,445Expenses 2012: $100,745Net Income 2012: $46,7002012Revenue 2013: $195,326Expenses 2013: $214,414Net Income 2013: -$19,0882013Revenue 2014: $297,965Expenses 2014: $233,969Net Income 2014: $63,9962014Revenue 2015: $381,849Expenses 2015: $304,810Net Income 2015: $77,0392015Revenue 2016: $368,475Expenses 2016: $237,714Net Income 2016: $130,7612016Revenue 2017: $358,099Expenses 2017: $277,853Net Income 2017: $80,2462017Revenue 2018: $380,183Expenses 2018: $323,992Net Income 2018: $56,1912018Revenue 2019: $290,025Expenses 2019: $268,221Net Income 2019: $21,8042019Revenue 2020: $367,289Expenses 2020: $286,231Net Income 2020: $81,0582020Revenue 2021: $438,690Expenses 2021: $334,648Net Income 2021: $104,0422021Revenue 2022: $886,500Expenses 2022: $447,039Net Income 2022: $439,4612022Revenue 2023: $692,259Expenses 2023: $670,649Net Income 2023: $21,6102023Revenue 2024: $1,022,000Expenses 2024: $734,762Net Income 2024: $287,2382024

Highlighted filing

2016

Revenue$368,475
Expenses$237,714
Net Income$130,761
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 16, 2017
Return Version
2016v3.0
Gross Receipts
$368,475
Mission and Program Overview

Mission

To advance the coastal and offshore wind industry in ways that result in net economic benefits to industry, utilities, ratepayers, and citizens of the Southeast.

To advance the wind industry in ways that result in net economic benefits to industry, utilities, ratepayers, and citizens of the Southeast.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$122,901$298,961▲ $176,060
Accounts Receivable$53,000$0▼ $53,000
Pledges and Grants Receivable-$1,000-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$175,901$299,961▲ $124,060
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$7,254$553▼ $6,701
Total Liabilities$7,254$553▼ $6,701
Net Assets / Fund Balance
Unrestricted Net Assets$131,980$258,408▲ $126,428
Temporarily Rstr Net Assets$36,667$41,000▲ $4,333
Total Net Assets Fund Balance$168,647$299,408▲ $130,761
Total Liabilities and Net Assets / Fund Balance$175,901$299,961▲ $124,060
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Katharine KollinsPresidentFT$127,232$15,268$142,500

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$263,000
Program Service Revenue
$105,459
Investment Income
$16
Other Revenue
$0
All Other Contributions
$156,000
Change in Net Assets
$130,761
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$185,177
Other Expenses$52,537
Total Fundraising Expense$26,988
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$85,500$35,625$21,375$142,500
Other Salaries and Wages$25,599$2,753$2,753$31,105
Fees for Services Other$29,684$43$29$29,756
Payroll Taxes$7,450$2,526$1,596$11,572
Travel$8,224$1,179$548$9,951
Fees for Services Accounting-$2,867-$2,867
Office Expenses$977$960$183$2,120
Information Technology$1,067$310$208$1,585
Conferences and Meetings$1,400$150-$1,550
Insurance-$442-$442
Other Expenses$488$210$296$210
Total Functional Expenses$160,389$50,337$26,988$237,714
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents

The Bylaws were updated to reflect the growing size of the board, adding one additional board seat to represent full and associate membership (for a total of two).

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

We have three types of members: associate, full, and board.

Form 990, Part VI, Line 11B: Form 990 Review Process

Prior to filing, the Form 990 will be reviewed by the President, and then distributed to the full Board and the Finance Committee for review.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The Conflict of Interest policy is monitored by the Board Secretary and reviewed and signed at the beginning of each fiscal year by all staff and Board members with significant decision making authority. It is each signator's obligation to disclose any potential conflict as soon as it is known, or reasonably should be known.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The three most recent Form 990s (including financial information), the Bylaws, Articles of Incorporation, Form 1023 Application for Exemption, and Conflict of Interest Policy are provided to the public upon request.

Filing and Contact Details

Filer

Filer Name
Southeastern Wind Coalition Inc
EIN
45-5022829
Phone
3035649687
Address
PO Box 27992, Raleigh, NC 27611

Signing Officer

Name
Katharine Kollins
Title
President
Signed
2017-08-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katharine Kollins
Formed
2012
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
15
Employees
3
Volunteers
8

Preparer

Firm
Mig Murphy Sistrom CPA Pc
Address
2216 Whitley Dr, DURHAM, NC 27707-1469
Preparer
Darren Hunicutt
Phone
9194191119
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