Civic Intelligence

Adipsy

990 • Fiscal year 2017 • EIN 46-1951781

Jan 01, 2017 to Dec 31, 2017 • Filed on May 08, 2018

PO Box 16183Chesapeake, VA 23328

(757) 436-0697

Siviq Scores

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

Liabilities / Assets

85th percentile

0.28x

Higher debt load relative to assets than 85% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

91st percentile

0.35x

Higher debt load relative to revenue than 91% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

94th percentile

63%

Higher net margin than 94% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

84th percentile

$23,900

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 7.7% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

96th percentile

301%

Faster asset growth than 96% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

94th percentile

126%

Faster revenue growth than 94% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$396,636

Up $297,828 (+301%) from 2016

Net Assets

$286,636

No earlier filing loaded for comparison.

Liabilities

Up

$110,000

Up $110,000 from 2016

Revenue

Up

$312,268

Up $174,120 (+126%) from 2016

Expenses

Up

$114,440

Up $61,465 (+116%) from 2016

Net Income

Up

$197,828

Up $112,655 (+132%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2016: $98,808Liabilities 2016: $02016Assets 2017: $396,636Liabilities 2017: $110,000Net Assets 2017: $286,6362017Assets 2018: $359,530Liabilities 2018: $110,000Net Assets 2018: $249,5302018Assets 2019: $1,999,854Liabilities 2019: $100,567Net Assets 2019: $1,899,2872019Assets 2020: $2,047,063Liabilities 2020: $101,437Net Assets 2020: $1,945,6262020Assets 2021: $1,954,857Liabilities 2021: $100,247Net Assets 2021: $1,854,6102021Assets 2022: $1,001,531Liabilities 2022: $2,520Net Assets 2022: $999,0112022Assets 2023: $719,739Liabilities 2023: $6,954Net Assets 2023: $712,7852023Assets 2024: $471,669Liabilities 2024: $15,567Net Assets 2024: $456,1022024

Highlighted filing

2017

Assets$396,636
Liabilities$110,000
Net Assets$286,636

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2016: $138,148Expenses 2016: $52,975Net Income 2016: $85,1732016Revenue 2017: $312,268Expenses 2017: $114,440Net Income 2017: $197,8282017Revenue 2018: $108,740Expenses 2018: $145,846Net Income 2018: -$37,1062018Revenue 2019: $1,837,173Expenses 2019: $187,416Net Income 2019: $1,649,7572019Revenue 2020: $255,317Expenses 2020: $208,978Net Income 2020: $46,3392020Revenue 2021: $127,519Expenses 2021: $218,535Net Income 2021: -$91,0162021Revenue 2022: -$582,783Expenses 2022: $272,816Net Income 2022: -$855,5992022Revenue 2023: $39,781Expenses 2023: $326,007Net Income 2023: -$286,2262023Revenue 2024: $29,291Expenses 2024: $285,974Net Income 2024: -$256,6832024

Highlighted filing

2017

Revenue$312,268
Expenses$114,440
Net Income$197,828
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 8, 2018
Return Version
2017v2.3
Gross Receipts
$338,686
Mission and Program Overview

Mission

The heart of adipsy is to provide restoration away from the difficulties of cancer.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$54,250$350,331▲ $296,081
Cash and Non-Interest-Bearing Accounts$44,558$46,305▲ $1,747
Total Assets$98,808$396,636▲ $297,828
Liabilities
Other Liabilities$10,000$110,000▲ $100,000
Total Liabilities$10,000$110,000▲ $100,000
Net Assets / Fund Balance
Unrestricted Net Assets$88,808$286,636▲ $197,828
Total Net Assets Fund Balance$88,808$286,636▲ $197,828
Total Liabilities and Net Assets / Fund Balance$98,808$396,636▲ $297,828

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$269,011$2,789$271,800
Land$79,000-$79,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Chelsie RoeBoard MemberFT$23,900$23,900

Board Members and Trustees

NameTitle
Bettina NewmanBoard Member
Lily CarsonBoard Member
Ron LaucsterBoard Member
Christlynn MccloudCEO & Founde
William MccloudCEO & Founde
Revenue and Support

Revenue Composition

Contributions and Grants
$272,350
Program Service Revenue
$0
Investment Income
$3
Other Revenue
$39,915
All Other Contributions
$272,350
Change in Net Assets
$197,828

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table2$209,639
Total Noncash Contributions2$209,639
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$82,416
Salaries, Compensation, and Employee Benefits$32,024
Total Fundraising Expense$2,174
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$21,510$1,195$1,195$23,900
Advertising$12,054$2,000-$14,054
Conferences and Meetings$5,183$610$305$6,098
Other Salaries and Wages$5,264$292$292$5,848
Office Expenses-$4,437-$4,437
Depreciation Depletion$4,213--$4,213
Insurance-$2,738-$2,738
Payroll Taxes$2,048$114$114$2,276
Interest$1,332--$1,332
Fees for Services Legal-$1,250-$1,250
Occupancy$96--$96
Other Expenses$4,555$25$268$25
Total Functional Expenses$94,909$17,357$2,174$114,440
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$43,579
Fundraising Direct Expenses$26,418
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$37,440$37,440$17,715$19,725
Cruising for a$6,139$6,139$8,703$-2,564
Total Events$43,579$43,579$26,418$17,161
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan Payable$100,000
Deposits$10,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
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 2

Christlynn mccloud william mccloud ceo ceo husband & wife christlynn mccloud chelsie roe ceo board member mother & daughter william mccloud chelsie roe ceo board member father & daughter

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

A draft of the form 990 is submitted to the board of directors for review before final processing.

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

ANNUAL REVIEW

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

Annual review and approval by the board of directors.

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

Annual review and approval by the board of directors.

Form 990, Page 6, Part VI, Line 19

Documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Adipsy
EIN
46-1951781
Phone
7574360697
Address
PO BOX 16183, CHESAPEAKE, VA 23328

Signing Officer

Name
Christlynn Mccloud
Title
CEO & Founder
Phone
7574360697
Signed
2018-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christlynn Mccloud
Legal Domicile
Va
Voting Board Members
6
Independent Board Members
6
Employees
3
Volunteers
45

Preparer

Firm
Barnes Brock Cornwell & Painter Plc
Address
908 EDEN WAY N STE 201, CHESAPEAKE, VA 23320-2640
Preparer
Kimberly C Painter
Phone
7579615017
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The organization adopted the recognition requirements for uncertain income tax positions as required by generally accepted accounting principles, with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a return, only when it is determined that the income tax position will more- likely-than-not be sustained upon examination by taxing authorities. The organization has analyzed the tax positions taken in its filings with the internal revenue service. The organization believes that its income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse affect on the organization's financial condition, results of operations or cash flows. Accordingly, the organization has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at december 31, 2017.

Schedule D, Page 4, Part XIII

The organization's federal return of organization exempt from income tax (form 990) for 2017, 2016, 2015, and 2014 are subject to examination by the irs,generally for three years after they were filed.

Raw XML Appendix390 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOAN PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ADOPTED THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, WITH NO CUMULATIVE EFFECT ADJUSTMENT REQUIRED. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE- LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE ORGANIZATION HAS ANALYZED THE TAX POSITIONS TAKEN IN ITS FILINGS WITH THE INTERNAL REVENUE SERVICE. THE ORGANIZATION BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE AFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2017.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S FEDERAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR 2017, 2016, 2015, AND 2014 ARE SUBJECT TO EXAMINATION BY THE IRS,GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XIII
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0348011
IRS990ScheduleD/TotalLiabilityAmt0110000
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt026418
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0CRUISING FOR A
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt037440
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt06139
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt043579
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt037440
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt06139
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt043579
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt017161
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt026418
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt017715
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt08703
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt02
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0209639
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHRISTLYNN MCCLOUD WILLIAM MCCLOUD CEO CEO HUSBAND & WIFE CHRISTLYNN MCCLOUD CHELSIE ROE CEO BOARD MEMBER MOTHER & DAUGHTER WILLIAM MCCLOUD CHELSIE ROE CEO BOARD MEMBER FATHER & DAUGHTER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF THE FORM 990 IS SUBMITTED TO THE BOARD OF DIRECTORS FOR REVIEW BEFORE FINAL PROCESSING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUAL REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUAL REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt098808
IRS990/TotalAssetsEOYAmt0396636
IRS990/TotalAssetsGrp/BOYAmt098808
IRS990/TotalAssetsGrp/EOYAmt0396636
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0272350
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02174
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt017357
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt094909
IRS990/TotalFunctionalExpensesGrp/TotalAmt0114440
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010000
IRS990/TotalLiabilitiesEOYAmt0110000
IRS990/TotalLiabilitiesGrp/BOYAmt010000
IRS990/TotalLiabilitiesGrp/EOYAmt0110000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt088808
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0286636
IRS990/TotalProgramServiceExpensesAmt094909
IRS990/TotalReportableCompFromOrgAmt023900
IRS990/TotalRevenueGrp/ExclusionAmt039915
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0312268
IRS990/TotalVolunteersCnt045
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt098808
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0396636
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt088808
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0286636
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 16183
IRS990/USAddress/CityNm0CHESAPEAKE
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd023328
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRISTLYNN MCCLOUD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO & FOUNDER
ReturnHeader/BusinessOfficerGrp/PhoneNum07574360697
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ADIPSY
ReturnHeader/Filer/BusinessNameControlTxt0ADIP
ReturnHeader/Filer/EIN0461951781
ReturnHeader/Filer/PhoneNum07574360697
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 16183
ReturnHeader/Filer/USAddress/CityNm0CHESAPEAKE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023328
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId03B1D31E76CD1C70699A781690D44F456F7344810
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D65B8C24A6D834F8E6E3582B5F89B03B947C9ED7
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02018-05-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm011:47:09
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200221868
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BARNES BROCK CORNWELL & PAINTER PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0908 EDEN WAY N STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHESAPEAKE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0233202640
ReturnHeader/PreparerPersonGrp/PhoneNum07579615017
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KIMBERLY C PAINTER
ReturnHeader/ReturnTs02018-05-14T12:47:09-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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