Civic Intelligence

Big Boulder Initiative

990 • Fiscal year 2016 • EIN 46-5293150

Jan 01, 2016 to Dec 31, 2016 • Filed on Jun 19, 2017

1050 Walnut StBoulder, CO 80302

(720) 504-3796

Siviq Scores

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

Liabilities / Assets

61st percentile

0.03x

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

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

63rd percentile

0.02x

Higher debt load relative to revenue than 63% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Net Margin

21st percentile

-11%

Higher net margin than 21% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Asset Growth

26th percentile

-10%

Faster asset growth than 26% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

26th percentile

-11%

Faster revenue growth than 26% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$208,044

Down $23,659 (-10%) from 2015

Net Assets

Down

$202,597

Down $27,082 (-12%) from 2015

Liabilities

Up

$5,447

Up $3,423 (+169%) from 2015

Revenue

Down

$254,458

Down $32,018 (-11%) from 2015

Expenses

Up

$281,540

Up $61,950 (+28%) from 2015

Net Income

Down

-$27,082

Down $93,968 (-140%) from 2015

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2015: $231,703Liabilities 2015: $2,024Net Assets 2015: $229,6792015Assets 2016: $208,044Liabilities 2016: $5,447Net Assets 2016: $202,5972016Assets 2017: $60,957Net Assets 2017: $60,9572017Assets 2018: $50,865Net Assets 2018: $50,8652018Assets 2019: $0Net Assets 2019: $02019

Highlighted filing

2016

Assets$208,044
Liabilities$5,447
Net Assets$202,597

Operations Trend

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

$400K$200K$0-$200KRevenue 2015: $286,476Expenses 2015: $219,590Net Income 2015: $66,8862015Revenue 2016: $254,458Expenses 2016: $281,540Net Income 2016: -$27,0822016Revenue 2017: $160,500Expenses 2017: $307,587Net Income 2017: -$147,0872017Revenue 2018: $0Expenses 2018: $10,092Net Income 2018: -$10,0922018Revenue 2019: $0Expenses 2019: $2,591Net Income 2019: -$2,5912019

Highlighted filing

2016

Revenue$254,458
Expenses$281,540
Net Income-$27,082
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jun 19, 2017
Return Version
2016v3.0
Gross Receipts
$254,458
Mission and Program Overview

Mission

Big boulder initiative (bbi) promotes the common interests of those persons and firms interested in promoting the development and expansion of the social data industry. Bbi seeks to establish the foundation for the long-term success of the social data industry by addressing the key challenges facing the social data industry through collaboration, innovation, and education.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$231,703$208,044▼ $23,659
Rtn Earn Endowment Incm Other Fnds$229,679$202,597▼ $27,082
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$231,703$208,044▼ $23,659
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$2,024$5,447▲ $3,423
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,024$5,447▲ $3,423
Net Assets / Fund Balance
Total Net Assets Fund Balance$229,679$202,597▼ $27,082
Total Liabilities and Net Assets / Fund Balance$231,703$208,044▼ $23,659
Compensation and Service Providers

Board Members and Trustees

NameTitle
Chris MoodyDirector/chairman
David SchweidelDirector
Eric BellDirector
Farida VisDirector
Megan D KelleyDirector
Susan EtlingerDirector
Tim BarkerDirector
Tyler SingletaryDirector
Justin De GraafDirector/membership Director
Mark JosephsonDirector/treasurer
Bre ZlgichSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$254,458
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-27,082
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$281,540
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
Conferences and Meetings---$97,314
Advertising---$93,451
Fees for Services Other---$61,500
Fees for Services Accounting---$16,869
Travel---$4,482
Information Technology---$2,726
Office Expenses---$397
Other Expenses---$50
Total Functional Expenses$0$0$0$281,540
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Line 2

Business relationship chris moody has business relationships with justin de graaf, megan kelley, and mark josephson.

Form 990, Part VI, Line 6 and 7A

Members big boulder initiative has voting members who on more than one occasion have the right to vote for the election of a director or directors; voting members shall have no other voting rights except as provided by the colorado revised nonprofit corporation act.

Form 990, Part VI, Line 11B

Form 990 review management works together with an independent tax firm to gather the required inforamtion necessary to prepare a draft of the form 990. Once a draft is completed, it is then reviewed by the treasurer on the board of directors. A complete copy of the final form 990 (including all required schedules), as ultimately filed with the irs, is distributed to the full board before its filed with the irs.

Form 990, Part VI, Line 12C

Conflict of interest policy bbi has an annual process of sending the code of conduct and disclosure forms to board members and officers and asks that they review those forms for review. The disclosure forms summarizes any identified conflicts which are reviewed by the chairman and treasurer. If a conflict arises related to a board member, then that board member would be required to abstain from discussion and voting on the matter.

Form 990, Part VI, Line 19

Documents' availability to the public governing documents, conflict of interest policy, and financial statements are not available to the general public. The form 990 is available to the general public upon request as required by section 6104.

Filing and Contact Details

Filer

Filer Name
Big Boulder Initiative
EIN
46-5293150
In Care Of
% JIM ELGART
Phone
7205043796
Address
1050 WALNUT ST, BOULDER, CO 80302

Signing Officer

Name
Mark Josephson
Title
Director/treasurer
Phone
7205043796
Signed
2017-06-19

Organization Details

Principal Officer
Mark Josephson
Formed
2014
Legal Domicile
Co
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
16

Preparer

Firm
Kpmg Llp
Address
345 Park Avenue, New York, NY 10154-0102
Preparer
Phillip Groff
Phone
2127589700
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1 and Part III, Line 1

Organization's mission big boulder initiative (bbi) promotes the common interests of those persons and firms interested in promoting the development and expansion of the social data industry. Bbi seeks to establish the foundation for the long-term success of the social data industry by addressing the key challenges facing the social data industry through collaboration, innovation, and education.

Form 990 Part IX Line 11G

Description:contract employee expense total fees:55000

Form 990 Part IX Line 11G

Description:professional fees total fees:6500

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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0MARK JOSEPHSON
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IRS990/ProgramServiceRevenueGrp/Desc0SPONSORSHIP
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP INCOME SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0150000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1104458
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0150000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1104458
IRS990/ProgSrvcAccomActy2Grp/Desc0BIG BOULDER INITIATIVE WORKSHOPS: A COLLECTION OF PLAYERS WITHIN THE SOCIAL DATA ECOSYSTEM THAT CAME TOGETHER TO HELP FORM THE BIG BOULDER INITIATIVE AND DETERMINE ITS DIRECTION. THE WORKSHOPS ADDRESS KEY CHALLENGES THAT FACE THE SOCIAL DATA INDUSTRY INCLUDING DATA STEWARDSHIP, DATA ENABLEMENT, DATA AVAILABILITY, AND DATA VALUE.
IRS990/ProgSrvcAccomActy3Grp/Desc0THOUGHT LEADERSHIP DINNERS: BRIEF SERIES OF EVENTS FOCUSED ON BRINGING TOGETHER MEMBERS OF THE SOCIAL DATA INDUSTRY TO REVIEW THE CURRENT STATE OF THE INDUSTRY.
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IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/PYOtherExpensesAmt0219590
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0286476
IRS990/PYRevenuesLessExpensesAmt066886
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0219590
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0286476
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-27082
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IRS990/RelatedEntityInd0false
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IRS990/RentalIncomeOrLossGrp/RealAmt00
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0229679
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0202597
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION'S MISSION BIG BOULDER INITIATIVE (BBI) PROMOTES THE COMMON INTERESTS OF THOSE PERSONS AND FIRMS INTERESTED IN PROMOTING THE DEVELOPMENT AND EXPANSION OF THE SOCIAL DATA INDUSTRY. BBI SEEKS TO ESTABLISH THE FOUNDATION FOR THE LONG-TERM SUCCESS OF THE SOCIAL DATA INDUSTRY BY ADDRESSING THE KEY CHALLENGES FACING THE SOCIAL DATA INDUSTRY THROUGH COLLABORATION, INNOVATION, AND EDUCATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BUSINESS RELATIONSHIP CHRIS MOODY HAS BUSINESS RELATIONSHIPS WITH JUSTIN DE GRAAF, MEGAN KELLEY, AND MARK JOSEPHSON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS BIG BOULDER INITIATIVE HAS VOTING MEMBERS WHO ON MORE THAN ONE OCCASION HAVE THE RIGHT TO VOTE FOR THE ELECTION OF A DIRECTOR OR DIRECTORS; VOTING MEMBERS SHALL HAVE NO OTHER VOTING RIGHTS EXCEPT AS PROVIDED BY THE COLORADO REVISED NONPROFIT CORPORATION ACT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 REVIEW MANAGEMENT WORKS TOGETHER WITH AN INDEPENDENT TAX FIRM TO GATHER THE REQUIRED INFORAMTION NECESSARY TO PREPARE A DRAFT OF THE FORM 990. ONCE A DRAFT IS COMPLETED, IT IS THEN REVIEWED BY THE TREASURER ON THE BOARD OF DIRECTORS. A COMPLETE COPY OF THE FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES), AS ULTIMATELY FILED WITH THE IRS, IS DISTRIBUTED TO THE FULL BOARD BEFORE ITS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONFLICT OF INTEREST POLICY BBI HAS AN ANNUAL PROCESS OF SENDING THE CODE OF CONDUCT AND DISCLOSURE FORMS TO BOARD MEMBERS AND OFFICERS AND ASKS THAT THEY REVIEW THOSE FORMS FOR REVIEW. THE DISCLOSURE FORMS SUMMARIZES ANY IDENTIFIED CONFLICTS WHICH ARE REVIEWED BY THE CHAIRMAN AND TREASURER. IF A CONFLICT ARISES RELATED TO A BOARD MEMBER, THEN THAT BOARD MEMBER WOULD BE REQUIRED TO ABSTAIN FROM DISCUSSION AND VOTING ON THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS' AVAILABILITY TO THE PUBLIC GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE GENERAL PUBLIC. THE FORM 990 IS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST AS REQUIRED BY SECTION 6104.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION:CONTRACT EMPLOYEE EXPENSE TOTAL FEES:55000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION:PROFESSIONAL FEES TOTAL FEES:6500
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1 AND PART III, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, LINE 6 AND 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PART IX LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990 PART IX LINE 11G
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CO
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxablePartyNotificationInd0false
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IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0231703
IRS990/TotalAssetsEOYAmt0208044
IRS990/TotalAssetsGrp/BOYAmt0231703
IRS990/TotalAssetsGrp/EOYAmt0208044
IRS990/TotalCompGreaterThan150KInd0false
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/BOYAmt02024
IRS990/TotalLiabilitiesGrp/EOYAmt05447
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0202597
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IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0254458
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0254458
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt016
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0231703
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0208044
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt04482
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01050 WALNUT ST
IRS990/USAddress/CityNm0BOULDER
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080302
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.BBI.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK JOSEPHSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07205043796
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-06-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BIG BOULDER INITIATIVE
ReturnHeader/Filer/BusinessNameControlTxt0BIGB
ReturnHeader/Filer/EIN0465293150
ReturnHeader/Filer/InCareOfNm0% JIM ELGART
ReturnHeader/Filer/PhoneNum07205043796

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