Civic Intelligence

Directtrust Org Inc

990 • Fiscal year 2014 • EIN 46-0537086

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 20, 2015

1101 Connecticut Avenue NWWashington, DC 20036-4345

(913) 205-7968

Siviq Scores

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

Liabilities / Assets

39th percentile

0.04x

Higher debt load relative to assets than 39% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

36th percentile

0.02x

Higher debt load relative to revenue than 36% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Net Margin

98th percentile

50%

Higher net margin than 98% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

97th percentile

$225,000

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 22.7% of source-year revenue.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Asset Growth

100th percentile

522%

Faster asset growth than 100% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

98th percentile

109%

Faster revenue growth than 98% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Up

$621,324

Up $521,412 (+522%) from 2013

Net Assets

Up

$598,475

Up $498,563 (+499%) from 2013

Liabilities

Up

$22,849

Up $22,849 from 2013

Revenue

Up

$991,196

Up $516,411 (+109%) from 2013

Expenses

Up

$492,633

Up $87,824 (+22%) from 2013

Net Income

Up

$498,563

Up $428,587 (+612%) from 2013

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2013: $99,912Liabilities 2013: $0Net Assets 2013: $99,9122013Assets 2014: $621,324Liabilities 2014: $22,849Net Assets 2014: $598,4752014Assets 2015: $823,468Liabilities 2015: $177,855Net Assets 2015: $645,6132015Assets 2016: $980,200Liabilities 2016: $306,952Net Assets 2016: $673,2482016Assets 2017: $1,096,256Liabilities 2017: $361,067Net Assets 2017: $735,1892017Assets 2018: $1,007,671Liabilities 2018: $378,966Net Assets 2018: $628,7052018Assets 2019: $949,552Liabilities 2019: $466,256Net Assets 2019: $483,2962019Assets 2020: $1,076,076Liabilities 2020: $538,969Net Assets 2020: $537,1072020Assets 2022: $1,091,331Liabilities 2022: $837,973Net Assets 2022: $253,3582022Assets 2024: $3,126,902Liabilities 2024: $2,007,107Net Assets 2024: $1,119,7952024

Highlighted filing

2014

Assets$621,324
Liabilities$22,849
Net Assets$598,475

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $474,785Expenses 2013: $404,809Net Income 2013: $69,9762013Revenue 2014: $991,196Expenses 2014: $492,633Net Income 2014: $498,5632014Revenue 2015: $679,502Expenses 2015: $654,914Net Income 2015: $24,5882015Revenue 2016: $715,366Expenses 2016: $687,731Net Income 2016: $27,6352016Revenue 2017: $1,089,720Expenses 2017: $1,027,779Net Income 2017: $61,9412017Revenue 2018: $1,157,520Expenses 2018: $1,264,004Net Income 2018: -$106,4842018Revenue 2019: $1,155,834Expenses 2019: $1,301,243Net Income 2019: -$145,4092019Revenue 2020: $1,284,588Expenses 2020: $1,311,056Net Income 2020: -$26,4682020Revenue 2022: $1,671,597Expenses 2022: $1,936,787Net Income 2022: -$265,1902022Revenue 2024: $4,452,648Expenses 2024: $4,654,667Net Income 2024: -$202,0192024

Highlighted filing

2014

Revenue$991,196
Expenses$492,633
Net Income$498,563
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 20, 2015
Return Version
2014v5.0
Gross Receipts
$991,196
Mission and Program Overview

Mission

SEE SCHEDULE O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$99,912$598,475▲ $498,563
Cash and Non-Interest-Bearing Accounts$98,412$464,294▲ $365,882
Accounts Receivable-$93,500-
Total Assets$99,912$621,324▲ $521,412
Other Assets Total$1,500$63,530▲ $62,030
Liabilities
Accounts Payable and Accrued Expenses-$22,849-
Total Liabilities$0$22,849▲ $22,849
Net Assets / Fund Balance
Total Net Assets Fund Balance$99,912$598,475▲ $498,563
Total Liabilities and Net Assets / Fund Balance$99,912$621,324▲ $521,412

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,500--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr David Kibbe Md MbaPresident CEOPT$225,000$225,000$225,000
Brian AhierDirector-$16,435-$16,435

Board Members and Trustees

NameTitle
Andy HeerenDirector
Don JorgensonDirector
Dr John BlairDirector
Gary ChristensenDirector
James MaultDirector
Lee BarrettDirector
Leslie Kelly HallDirector
Scott ReaDirector
Venk ReddyDirector
Paul UhrigSecretary Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
The Kibbe GroupManagement1105 LINK LANE, Oriental, NC 28571$225,000
Provision ProductionsWebsite Management47 CEDAR GLEN, Blairsville, GA 30512$103,824
Revenue and Support

Revenue Composition

Contributions and Grants
$743,697
Program Service Revenue
$247,499
Investment Income
$0
Other Revenue
$0
All Other Contributions
$11,500
Change in Net Assets
$498,563
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$492,633
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 Management---$225,000
Fees for Services Other---$128,479
Fees for Services Legal---$96,427
Travel---$15,158
Conferences and Meetings---$14,449
Other Expenses$4,675--$4,675
Information Technology---$1,502
Fees for Services Accounting---$1,250
Office Expenses---$1,187
Advertising---$837
Insurance---$808
Total Functional Expenses$0$0$0$492,633
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
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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

Members or stockholder classes and rights Part VI line 6

The organization is composed of members who pay annual membership fees to belong to the organization. Membership benefits include: access to directtrust.org deliverables and intellectual property, as well as participation in directtrust.org workgroups; up to date information about the continually evolving regulatory environment; opportunities to influence and shape the developing trust framework; insight into the work being done by your colleagues in the community; and discounted access to directtrust.org products, most notably the accreditation process currently under development.

Member election for additional members Part VI line 7A

The organization's bylaws stipulate that new board members must be nominated by the nominating commmittee. The members of the organization then vote on the new members at the annual meeting. In between annual meetings, the board may appoint new members if there is a vacancy.

Form 990 governing body review Part VI line 11

A draft of the form 990 is provided to the board of directors prior to submission for approval.

Conflict of interest policy compliance Part VI line 12C

The organization conducts a general education session regarding the conflict of interest policy with new board members once a year. Each year each board member must sign a conflict of interest form, and also notify the board if there are any changes in status that might create a conflict of interest.

CEO executive director top management comp Part VI line 15A

The board chairman and the other officers of the organization, forming an executive committee, determine the compensation to pay the president and ceo to manage the organization. They present their recommendations to the full board of directors who discuss their recommendations and make the final decision as to executive management compensation.

Governing documents etc available to public Part VI line 19

Governing documents, form 990 and other policies are made available upon written request to the organization.

Filing and Contact Details

Filer

Filer Name
Directtrustorg Inc
EIN
46-0537086
Address
1101 CONNECTICUT AVENUE NW, WASHINGTON, DC 20036-4345

Signing Officer

Name
Dr David Kibbe
Title
President
Phone
9132057968
Signed
2015-04-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr David Kibbe Md Mba
Formed
2012
Legal Domicile
Dc
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
120

Preparer

Firm
Burling Consultants LLC
Address
9040 Town Center Parkway, Lakewood Ranch, FL 34202
Preparer
Mark Burling
Phone
9419614045
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Website maintenance 28,220community outreadh 16,435administration 93,074total line 11g 137,729

General explanation attachment

Form 990, page 2, part iii, organization's primary exempt purpose:directtrust.org is organized as a competitively neutral, self-regulatory entity, and it is the common goal of its' members to establish and maintain a national security and trust framework in support of direct exchange. Specifically, the purpose of the organization is to develop, promote and, as necessary, help enforce the rules and best practices necessary to maintain security and trust within the direct community, and to foster widespread public confidence in the direct exchange of health information.

Raw XML Appendix374 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/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT CEO
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12569
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PREPAID EXPENSES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2SECURITY DEPOSITS
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DR DAVID KIBBE MD MBA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT CEO
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS COMPOSED OF MEMBERS WHO PAY ANNUAL MEMBERSHIP FEES TO BELONG TO THE ORGANIZATION. MEMBERSHIP BENEFITS INCLUDE: ACCESS TO DIRECTTRUST.ORG DELIVERABLES AND INTELLECTUAL PROPERTY, AS WELL AS PARTICIPATION IN DIRECTTRUST.ORG WORKGROUPS; UP TO DATE INFORMATION ABOUT THE CONTINUALLY EVOLVING REGULATORY ENVIRONMENT; OPPORTUNITIES TO INFLUENCE AND SHAPE THE DEVELOPING TRUST FRAMEWORK; INSIGHT INTO THE WORK BEING DONE BY YOUR COLLEAGUES IN THE COMMUNITY; AND DISCOUNTED ACCESS TO DIRECTTRUST.ORG PRODUCTS, MOST NOTABLY THE ACCREDITATION PROCESS CURRENTLY UNDER DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S BYLAWS STIPULATE THAT NEW BOARD MEMBERS MUST BE NOMINATED BY THE NOMINATING COMMMITTEE. THE MEMBERS OF THE ORGANIZATION THEN VOTE ON THE NEW MEMBERS AT THE ANNUAL MEETING. IN BETWEEN ANNUAL MEETINGS, THE BOARD MAY APPOINT NEW MEMBERS IF THERE IS A VACANCY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO SUBMISSION FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION CONDUCTS A GENERAL EDUCATION SESSION REGARDING THE CONFLICT OF INTEREST POLICY WITH NEW BOARD MEMBERS ONCE A YEAR. EACH YEAR EACH BOARD MEMBER MUST SIGN A CONFLICT OF INTEREST FORM, AND ALSO NOTIFY THE BOARD IF THERE ARE ANY CHANGES IN STATUS THAT MIGHT CREATE A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD CHAIRMAN AND THE OTHER OFFICERS OF THE ORGANIZATION, FORMING AN EXECUTIVE COMMITTEE, DETERMINE THE COMPENSATION TO PAY THE PRESIDENT AND CEO TO MANAGE THE ORGANIZATION. THEY PRESENT THEIR RECOMMENDATIONS TO THE FULL BOARD OF DIRECTORS WHO DISCUSS THEIR RECOMMENDATIONS AND MAKE THE FINAL DECISION AS TO EXECUTIVE MANAGEMENT COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, FORM 990 AND OTHER POLICIES ARE MADE AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6WEBSITE MAINTENANCE 28,220COMMUNITY OUTREADH 16,435ADMINISTRATION 93,074TOTAL LINE 11G 137,729
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FORM 990, PAGE 2, PART III, ORGANIZATION'S PRIMARY EXEMPT PURPOSE:DIRECTTRUST.ORG IS ORGANIZED AS A COMPETITIVELY NEUTRAL, SELF-REGULATORY ENTITY, AND IT IS THE COMMON GOAL OF ITS' MEMBERS TO ESTABLISH AND MAINTAIN A NATIONAL SECURITY AND TRUST FRAMEWORK IN SUPPORT OF DIRECT EXCHANGE. SPECIFICALLY, THE PURPOSE OF THE ORGANIZATION IS TO DEVELOP, PROMOTE AND, AS NECESSARY, HELP ENFORCE THE RULES AND BEST PRACTICES NECESSARY TO MAINTAIN SECURITY AND TRUST WITHIN THE DIRECT COMMUNITY, AND TO FOSTER WIDESPREAD PUBLIC CONFIDENCE IN THE DIRECT EXCHANGE OF HEALTH INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7General explanation attachment
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ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DR DAVID KIBBE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09132057968
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-04-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DIRECTTRUSTORG INC
ReturnHeader/Filer/BusinessNameControlTxt0DIRE
ReturnHeader/Filer/EIN0460537086
ReturnHeader/Filer/USAddress/AddressLine1Txt01101 CONNECTICUT AVENUE NW
ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd0200364345
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263041658
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Burling Consultants LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09040 Town Center Parkway
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lakewood Ranch
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd034202
ReturnHeader/PreparerPersonGrp/PhoneNum09419614045
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mark Burling
ReturnHeader/ReturnTs02015-04-20T15:28:58-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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