Civic Intelligence

State Innovation Exchange

990 • Fiscal year 2016 • EIN 46-1368531

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 13, 2017

PO Box 260230Madison, WI 53726

(212) 680-3116

Siviq Scores

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

Liabilities / Assets

39th percentile

0.05x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

17th percentile

0.00x

Higher debt load relative to revenue than 17% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

36th percentile

-1.6%

Higher net margin than 36% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

90th percentile

$201,214

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 11.3% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

41st percentile

-0.7%

Faster asset growth than 41% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

81st percentile

26%

Faster revenue growth than 81% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$141,653

Down $1,051 (-0.7%) from 2015

Net Assets

Up

$135,183

Up $60,247 (+80%) from 2015

Liabilities

Down

$6,470

Down $61,298 (-90%) from 2015

Revenue

Up

$1,773,116

Up $369,299 (+26%) from 2015

Expenses

Up

$1,801,150

Up $496,622 (+38%) from 2015

Net Income

Down

-$28,034

Down $127,323 (-128%) from 2015

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014Assets 2015: $142,704Liabilities 2015: $67,768Net Assets 2015: $74,9362015Assets 2016: $141,653Liabilities 2016: $6,470Net Assets 2016: $135,1832016Assets 2017: $1,057,248Liabilities 2017: $306,376Net Assets 2017: $750,8722017Assets 2018: $2,400,820Liabilities 2018: $667,906Net Assets 2018: $1,732,9142018Assets 2019: $4,372,952Liabilities 2019: $304,776Net Assets 2019: $4,068,1762019Assets 2020: $7,787,170Liabilities 2020: $928,550Net Assets 2020: $6,858,6202020Assets 2021: $10,067,492Liabilities 2021: $571,175Net Assets 2021: $9,496,3172021Assets 2022: $9,080,892Liabilities 2022: $1,236,547Net Assets 2022: $7,844,3452022Assets 2023: $8,525,705Liabilities 2023: $781,594Net Assets 2023: $7,744,1112023Assets 2024: $8,738,820Liabilities 2024: $919,425Net Assets 2024: $7,819,3952024

Highlighted filing

2016

Assets$141,653
Liabilities$6,470
Net Assets$135,183

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $1,403,817Expenses 2015: $1,304,528Net Income 2015: $99,2892015Revenue 2016: $1,773,116Expenses 2016: $1,801,150Net Income 2016: -$28,0342016Revenue 2017: $4,439,193Expenses 2017: $3,823,504Net Income 2017: $615,6892017Revenue 2018: $5,577,076Expenses 2018: $4,595,034Net Income 2018: $982,0422018Revenue 2019: $8,394,007Expenses 2019: $6,058,745Net Income 2019: $2,335,2622019Revenue 2020: $8,674,376Expenses 2020: $5,883,932Net Income 2020: $2,790,4442020Revenue 2021: $9,144,247Expenses 2021: $6,506,550Net Income 2021: $2,637,6972021Revenue 2022: $8,461,698Expenses 2022: $10,113,670Net Income 2022: -$1,651,9722022Revenue 2023: $9,119,033Expenses 2023: $9,270,158Net Income 2023: -$151,1252023Revenue 2024: $10,849,475Expenses 2024: $10,773,019Net Income 2024: $76,4562024

Highlighted filing

2016

Revenue$1,773,116
Expenses$1,801,150
Net Income-$28,034
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 13, 2017
Return Version
2016v3.0
Gross Receipts
$1,773,116
Mission and Program Overview

Mission

The state innovation exchange ("six") is a nonpartisan, values based resource center that supports state legislators and the general public through providing educational resources and research on progressive policy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$141,449$108,421▼ $33,028
Other Notes and Loans Receivable, Net$20,214$27,436▲ $7,222
Land, Buildings, and Equipment, Net-$3,277-
Accounts Receivable$1,981$2,519▲ $538
Total Assets$163,644$141,653▼ $21,991
Liabilities
Accounts Payable and Accrued Expenses$427$6,470▲ $6,043
Total Liabilities$427$6,470▲ $6,043
Net Assets / Fund Balance
Unrestricted Net Assets$163,217$135,183▼ $28,034
Total Net Assets Fund Balance$163,217$135,183▼ $28,034
Total Liabilities and Net Assets / Fund Balance$163,644$141,653▼ $21,991

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,277-$3,277
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nicholas RathodExec Dir/secFT$193,181$8,033$201,214
Nicholas RathodExec Dir/secretary-$193,181-$193,181

Board Members and Trustees

NameTitle
Raj GoyleBoard Chair
Andres W LopezDirector
Kate VillersDirector
Ken SunshineDirector
Mary KuslerDirector
Michelle RinguetteDirector
Mitch DraizinDirector
Naomi AberlyDirector
Paul BoothDirector
Richard TrumkaDirector
Joel RogersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,765,516
Program Service Revenue
$7,600
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,765,516
Change in Net Assets
$-28,034
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$957,921
Salaries, Compensation, and Employee Benefits$843,229
Total Fundraising Expense$257,466
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$373,358$54,906$120,792$549,056
Conferences and Meetings$310,430$4,598$10,116$325,144
Fees for Services Other$235,748$12,714-$248,462
Current Officers, Directors, Trustees, and Key Employees$131,363$19,318$42,500$193,181
Travel$131,628$18,375$40,424$190,427
Other Expenses$77,550--$77,550
Occupancy$43,564$6,406$14,094$64,064
Payroll Taxes$38,700$5,691$12,520$56,911
Other Employee Benefits$29,974$4,409$9,698$44,081
Office Expenses$29,139$3,038$5,316$37,493
Information Technology$4,243$624$1,373$6,240
Fees for Services Accounting-$4,367-$4,367
Insurance$1,958$288$633$2,879
Fees for Services Legal-$1,295-$1,295
Total Functional Expenses$1,407,655$136,029$257,466$1,801,150
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
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

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

The 990 was provided to all board members prior to filing with the irs.

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

The conflict of interest policy requires that officers and directors acknowledge that they have read and are in compliance with the policy.

Form 990, Page 6, Part VI, Line 15A

The board of directors sets the salary for the executive director, and it is approved by a vote of board members.

Form 990, Page 6, Part VI, Line 19

Governing and financial documents are available upon request.

Filing and Contact Details

Filer

Filer Name
State Innovation Exchange
EIN
46-1368531
Phone
2126803116
Address
PO BOX 260230, MADISON, WI 53726

Signing Officer

Name
Nicholas Rathod
Title
Exec Dir/secretary
Phone
3035056425
Signed
2017-11-13

Organization Details

Principal Officer
Nicholas Rathod
Formed
2014
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
11
Employees
14

Preparer

Firm
Taylor Roth and Company
Address
800 GRANT ST STE 205, DENVER, CO 80203-2944
Preparer
Ken Roth
Phone
3038308109
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Marketing 7,298 0 0 communications/pr 89,416 0 0 proofreading & editing 1,350 0 0 other 0 12,714 0 program contracts 137,684 0 0 total 235,748 12,714 0

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt08033
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0NICHOLAS RATHOD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXEC DIR/SECRETARY
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 WAS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY REQUIRES THAT OFFICERS AND DIRECTORS ACKNOWLEDGE THAT THEY HAVE READ AND ARE IN COMPLIANCE WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS SETS THE SALARY FOR THE EXECUTIVE DIRECTOR, AND IT IS APPROVED BY A VOTE OF BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING AND FINANCIAL DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MARKETING 7,298 0 0 COMMUNICATIONS/PR 89,416 0 0 PROOFREADING & EDITING 1,350 0 0 OTHER 0 12,714 0 PROGRAM CONTRACTS 137,684 0 0 TOTAL 235,748 12,714 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0COST SHARING AGREEMENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1COST SHARING AGREEMENT
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01407655
IRS990/TotalFunctionalExpensesGrp/TotalAmt01801150
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