Civic Intelligence

100State Inc.

990 • Fiscal year 2020 • EIN 46-3122144

Aug 01, 2019 to Jul 31, 2020 • Filed on Jun 25, 2021

17 S Fairchild Street 7th FloorMadison, WI 53703

(608) 268-9384

Siviq Scores

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

Liabilities / Assets

98th percentile

5.00x

Higher debt load relative to assets than 98% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

90th percentile

0.46x

Higher debt load relative to revenue than 90% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

13th percentile

-48%

Higher net margin than 13% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

90th percentile

$42,000

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 18.8% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

8th percentile

-52%

Faster asset growth than 8% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

31st percentile

-36%

Faster revenue growth than 31% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$20,571

Down $22,197 (-52%) from 2019

Net Assets

Down

-$82,316

Down $106,642 (-438%) from 2019

Liabilities

Up

$102,887

Up $84,445 (+458%) from 2019

Revenue

Down

$223,237

Down $127,631 (-36%) from 2019

Expenses

Down

$329,879

Down $23,321 (-6.6%) from 2019

Net Income

Down

-$106,642

Down $104,310 (-4473%) from 2019

Historical Trend

Balance Sheet Trend

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

$400K$200K$0-$200KAssets 2014: $10,670Liabilities 2014: $8,411Net Assets 2014: $2,2592014Assets 2015: $18,091Liabilities 2015: $4,705Net Assets 2015: $13,3862015Assets 2016: $18,255Liabilities 2016: $5,415Net Assets 2016: $12,8402016Assets 2017: $44,721Liabilities 2017: $32,858Net Assets 2017: $11,8632017Assets 2018: $38,745Liabilities 2018: $12,087Net Assets 2018: $26,6582018Assets 2019: $42,768Liabilities 2019: $18,442Net Assets 2019: $24,3262019Assets 2020: $20,571Liabilities 2020: $102,887Net Assets 2020: -$82,3162020Assets 2021: $21,061Liabilities 2021: $114,225Net Assets 2021: -$93,1642021Assets 2022: $16,417Liabilities 2022: $336,9392022Assets 2023: $12,814Liabilities 2023: $351,4412023

Highlighted filing

2020

Assets$20,571
Liabilities$102,887
Net Assets-$82,316

Operations Trend

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

$400K$200K$0-$200KRevenue 2014: $101,873Expenses 2014: $96,805Net Income 2014: $5,0682014Revenue 2015: $202,119Expenses 2015: $190,992Net Income 2015: $11,1272015Revenue 2016: $219,168Expenses 2016: $219,714Net Income 2016: -$5462016Revenue 2017: $304,836Expenses 2017: $305,813Net Income 2017: -$9772017Revenue 2018: $353,740Expenses 2018: $338,945Net Income 2018: $14,7952018Revenue 2019: $350,868Expenses 2019: $353,200Net Income 2019: -$2,3322019Revenue 2020: $223,237Expenses 2020: $329,879Net Income 2020: -$106,6422020Revenue 2021: $158,229Expenses 2021: $169,077Net Income 2021: -$10,8482021Revenue 2022: $174,244Expenses 2022: $157,826Net Income 2022: $16,4182022Revenue 2023: $100,335Expenses 2023: $122,043Net Income 2023: -$21,7082023

Highlighted filing

2020

Revenue$223,237
Expenses$329,879
Net Income-$106,642
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
Jun 25, 2021
Return Version
2019v5.2
Gross Receipts
$223,237
Mission and Program Overview

Mission

100state creates a community and home for problem solvers, creatives, and entrepreneurs. We inspire collaboration and create connections to unleash our community's potential.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$18,216$20,571▲ $2,355
Pledges and Grants Receivable$10,000$0▼ $10,000
Prepaid Expenses and Deferred Charges$586$0▼ $586
Total Assets$42,768$20,571▼ $22,197
Other Assets Total$13,966$0▼ $13,966
Liabilities
Unsecured Notes Loans Payable$0$85,353▲ $85,353
Accounts Payable and Accrued Expenses$17,754$0▼ $17,754
Other Liabilities$0$17,534▲ $17,534
Deferred Revenue$688$0▼ $688
Total Liabilities$18,442$102,887▲ $84,445
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$24,326$-82,316▼ $106,642
Total Net Assets Fund Balance$24,326$-82,316▼ $106,642
Total Liabilities and Net Assets / Fund Balance$42,768$20,571▼ $22,197
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Claudia SeidenbergExecutive Director (thru May)FT$42,000$42,000
Emily VollandDirector of Comm. and Prog.FT$29,423$29,423

Board Members and Trustees

NameTitle
Maurice CheeksChair
Joe BoucherChair (thru Dec)
Cassidy WartenweilerDirector
Leah RoeDirector
Ross RikkersDirector
Taralinda WillisDirector
Dante ViscarraDirector (thru Dec)
Joseph SweeneyExecutive Director (beg Mid May)
Jason ThamSecretary
Ron BoteTreasurer
Luella SchmidtTreasurer (thru Dec)
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$221,030
Investment Income
$0
Other Revenue
$2,207
Change in Net Assets
$-106,642
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$233,113
Salaries, Compensation, and Employee Benefits$96,766
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy-$183,379-$183,379
Current Officers, Directors, Trustees, and Key Employees-$63,186-$63,186
Office Expenses-$18,338-$18,338
Payroll Taxes-$17,068-$17,068
Other Salaries and Wages-$12,941-$12,941
Conferences and Meetings$8,475$720-$9,195
Information Technology$110$8,348-$8,458
All Other Expenses-$7,865-$7,865
Other Employee Benefits-$3,571-$3,571
Insurance-$2,682-$2,682
Fees for Services Accounting-$1,945-$1,945
Other Expenses-$560-$560
Advertising-$418-$418
Fees for Services Other-$200-$200
Travel-$73-$73
Total Functional Expenses$8,585$321,294$0$329,879
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Paycheck Protection Program Liability$17,534
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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, Section A, Line 8B

100state does not have any committees with authority to act on behalf of the governing body.

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

The form 990 is reviewed by the executive director before the return is filed with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

The organization's conflict of interest policy covers all directors and employees. Any director or employee is considered an interested person. In connection with any actual or possible conflict of interest, the interested person must disclose all material facts to the governing body. The interested person cannot be present at the meeting while the determination of a conflict of interest is discussed and voted upon. If a conflict that may affect the daily or long-term operations of the organization is identified, either the conflict is removed or the person is asked to no longer serve in such capacity. If a conflict is noted pertaining to an employee, that person will not serve or sit on committees that pertain to personnel issues. To ensure the organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, each director and employee must annually sign a statement that affirms that such person has received a copy of the conflict of interest policy, has read and understands the policy, and has agreed to comply with the policy.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
100state Inc
EIN
46-3122144
Phone
6082689384
Address
17 S FAIRCHILD STREET 7TH FLOOR, MADISON, WI 53703

Signing Officer

Name
Joseph Sweeney
Title
Executive Director
Phone
6082689384
Signed
2021-06-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Sweeney
Formed
2013
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
4
Volunteers
10

Preparer

Firm
Wipfli Llp
Address
PO BOX 8700, MADISON, WI 53708-8700
Preparer
Ron Bote
Phone
6082741980
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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/PYTotalExpensesAmt0353200
IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/ReportOtherLiabilitiesInd01
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03172
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0100STATE DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS AND EMPLOYEES. ANY DIRECTOR OR EMPLOYEE IS CONSIDERED AN INTERESTED PERSON. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE INTERESTED PERSON MUST DISCLOSE ALL MATERIAL FACTS TO THE GOVERNING BODY. THE INTERESTED PERSON CANNOT BE PRESENT AT THE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. IF A CONFLICT THAT MAY AFFECT THE DAILY OR LONG-TERM OPERATIONS OF THE ORGANIZATION IS IDENTIFIED, EITHER THE CONFLICT IS REMOVED OR THE PERSON IS ASKED TO NO LONGER SERVE IN SUCH CAPACITY. IF A CONFLICT IS NOTED PERTAINING TO AN EMPLOYEE, THAT PERSON WILL NOT SERVE OR SIT ON COMMITTEES THAT PERTAIN TO PERSONNEL ISSUES. TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, EACH DIRECTOR AND EMPLOYEE MUST ANNUALLY SIGN A STATEMENT THAT AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, AND HAS AGREED TO COMPLY WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalReportableCompFromOrgAmt071423
IRS990/TotalRevenueGrp/ExclusionAmt02207
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IRS990/USAddress/AddressLine1Txt017 S FAIRCHILD STREET 7TH FLOOR
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IRS990/WebsiteAddressTxt0WWW.100STATE.COM
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH SWEENEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06082689384
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0100STATE INC
ReturnHeader/Filer/BusinessNameControlTxt0100S
ReturnHeader/Filer/EIN0463122144
ReturnHeader/Filer/PhoneNum06082689384
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WIPFLI LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 8700
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MADISON
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0537088700
ReturnHeader/PreparerPersonGrp/PhoneNum06082741980
ReturnHeader/PreparerPersonGrp/PreparationDt02021-06-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RON BOTE
ReturnHeader/ReturnTs02021-07-20T11:48:28-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-08-01
ReturnHeader/TaxPeriodEndDt02020-07-31
ReturnHeader/TaxYr02019

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