Civic Intelligence

Directtrust Org Inc

990 • Fiscal year 2023 • EIN 46-0537086

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 05, 2024

1629 K Street NW Suite 300Washington, DC 20006

(706) 781-5518

Siviq Scores

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

Liabilities / Assets

89th percentile

0.61x

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

2023 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

61st percentile

0.43x

Higher debt load relative to revenue than 61% of similar nonprofits.

2023 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2023

Net Margin

86th percentile

22%

Higher net margin than 86% of similar nonprofits.

2023 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

60th percentile

$310,791

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

2023 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2023

Asset Growth

99th percentile

228%

Faster asset growth than 99% of similar nonprofits.

2023 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

97th percentile

204%

Faster revenue growth than 97% of similar nonprofits.

2023 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Up

$3,581,503

Up $2,490,172 (+228%) from 2022

Net Assets

Up

$1,398,397

Up $1,145,039 (+452%) from 2022

Liabilities

Up

$2,183,106

Up $1,345,133 (+161%) from 2022

Revenue

Up

$5,083,849

Up $3,412,252 (+204%) from 2022

Expenses

Up

$3,988,682

Up $2,051,895 (+106%) from 2022

Net Income

Up

$1,095,167

Up $1,360,357 (+513%) from 2022

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 2023: $3,581,503Liabilities 2023: $2,183,106Net Assets 2023: $1,398,3972023Assets 2024: $3,126,902Liabilities 2024: $2,007,107Net Assets 2024: $1,119,7952024

Highlighted filing

2023

Assets$3,581,503
Liabilities$2,183,106
Net Assets$1,398,397

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 2023: $5,083,849Expenses 2023: $3,988,682Net Income 2023: $1,095,1672023Revenue 2024: $4,452,648Expenses 2024: $4,654,667Net Income 2024: -$202,0192024

Highlighted filing

2023

Revenue$5,083,849
Expenses$3,988,682
Net Income$1,095,167
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 5, 2024
Return Version
2023v5.1
Gross Receipts
$5,083,849
Mission and Program Overview

Mission

SEE SCHEDULE O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$186,088$1,851,767▲ $1,665,679
Rtn Earn Endowment Incm Other Fnds$253,358$1,398,397▲ $1,145,039
Accounts Receivable$401,700$878,559▲ $476,859
Investments Other Securities$384,562$445,963▲ $61,401
Cash and Non-Interest-Bearing Accounts$36,398$131,485▲ $95,087
Savings and Temporary Cash Investments-$85,244-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,091,331$3,581,503▲ $2,490,172
Other Assets Total$82,583$188,485▲ $105,902
Liabilities
Deferred Revenue$596,877$1,977,558▲ $1,380,681
Accounts Payable and Accrued Expenses$241,096$205,548▼ $35,548
Total Liabilities$837,973$2,183,106▲ $1,345,133
Net Assets / Fund Balance
Total Net Assets Fund Balance$253,358$1,398,397▲ $1,145,039
Total Liabilities and Net Assets / Fund Balance$1,091,331$3,581,503▲ $2,490,172

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$170,790--
Other Securities$445,963--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott StuewePresident CEOFT$295,791$15,000$310,791
Leon BarrettCommissions Executive DirectorPT$180,000-$180,000
Kathryn a WickenhauserDirector of CommunicationFT$157,333$7,000$164,333
Debra C HopkinsonExecutive AdvisorPT$100,800-$100,800

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Provision ProductionsAdministration168 ROGERS STREET SUITE E, Blairsville, GA 30512$396,807
Moserhaus Consulting LLCAssessor10026 - A S MINGO ROAD 107, Tulsa, OK 74133$362,322
The Clayton GroupAssessor53 BETHEL ROAD, Glen Mills, PA 19342$324,556
Crowell & MoringLegal1001 PENNSYLVANIA AVE NW, Washington, DC 20004$255,010
Free By Birth INCAssessor1405 BULLARD MANOR, Powder Springs, GA 30127$213,541
Revenue and Support

Revenue Composition

Contributions and Grants
$560,500
Program Service Revenue
$3,293,949
Investment Income
$15,263
Other Revenue
$1,214,137
All Other Contributions
$7,000
Change in Net Assets
$1,095,167
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,765,458
Salaries, Compensation, and Employee Benefits$1,223,224
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,690,260--$1,690,260
Current Officers, Directors, Trustees, and Key Employees$1,080,483--$1,080,483
Information Technology$349,624--$349,624
Advertising$165,071--$165,071
Fees for Services Legal$160,889--$160,889
Depreciation Depletion$151,580--$151,580
Payroll Taxes$80,435--$80,435
Other Employee Benefits$62,306--$62,306
Fees for Services Accounting$43,280--$43,280
Office Expenses$41,889--$41,889
Travel$37,079--$37,079
Insurance$20,948--$20,948
All Other Expenses$12,713--$12,713
Conferences and Meetings$11,629--$11,629
Other Expenses$7,111--$7,111
Total Functional Expenses$3,988,682$0$0$3,988,682
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 35% controlled entity
No
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

02. 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, Part VI, Section A, Line 6

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

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

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

Form 990, Part VI, Section B, 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.

Form 990, Part VI, Section B, 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.

Form 990, Part VI, Section C, 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
Phone
7067815518
Address
1629 K STREET NW SUITE 300, WASHINGTON, DC 20006

Signing Officer

Name
Scott Stuewe
Title
President, CEO
Phone
7067815518
Signed
2024-09-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Stuewe
Formed
2012
Legal Domicile
Dc
Voting Board Members
27
Independent Board Members
27
Employees
8
Volunteers
18

Preparer

Firm
Prager Metis Cpas LLC
Address
510 HAIGHT AVENUE, POUGHKEEPSIE, NY 12603
Preparer
Kristina Stroud
Phone
8454737774
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contract services: program service expenses 410,795. Management and general expenses 0. Fundraising expenses 0. Total expenses 410,795. Consulting expenses: program service expenses 83,916. Management and general expenses 0. Fundraising expenses 0. Total expenses 83,916. Surveyor & reviewer expenses: program service expenses 455,656. Management and general expenses 0. Fundraising expenses 0. Total expenses 455,656. Hitrust costs: program service expenses 39,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 39,000. Hitrust assessors and consulting: program service expenses 604,893. Management and general expenses 0. Fundraising expenses 0. Total expenses 604,893. Trust framework business development: program service expenses 96,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 96,000.

Raw XML AppendixShowing 400 of 618 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
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15COMMISSIONS EXECUTIVE DIRECTOR
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
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR OF COMMUNICATION
IRS990/Form990PartVIISectionAGrp/TitleTxt28EXECUTIVE ADVISOR
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IRS990/OtherExpensesGrp/Desc0ASSESOR TRAINING, QA &
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2DOCUMENT MANGEMENT OUTS
IRS990/OtherExpensesGrp/Desc3MEALS
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IRS990/OtherRevenueMiscGrp/BusinessCd0561499
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IRS990/OtherRevenueMiscGrp/BusinessCd2561499
IRS990/OtherRevenueMiscGrp/Desc0GAIN ON ACQUISITION OF

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