Civic Intelligence

Prime the Pump Fund

990 • Fiscal year 2016 • EIN 46-5683903

Jan 01, 2016 to Dec 31, 2016 • Filed on May 23, 2017

4615 North Lewis AvenueSioux Falls, SD 57104

(605) 965-2200

Siviq Scores

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

Liabilities / Assets

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2016

Net Margin

24th percentile

-1.4%

Higher net margin than 24% of similar nonprofits.

2016 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

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

2016 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2016

Asset Growth

26th percentile

-0.9%

Faster asset growth than 26% of similar nonprofits.

2016 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

95th percentile

67%

Faster revenue growth than 95% of similar nonprofits.

2016 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Down

$24,189,157

Down $229,231 (-0.9%) from 2015

Net Assets

Down

$24,189,157

Down $229,231 (-0.9%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Up

$16,428,906

Up $6,598,606 (+67%) from 2015

Expenses

Up

$16,658,137

Up $12,412,520 (+292%) from 2015

Net Income

Down

-$229,231

Down $5,813,914 (-104%) from 2015

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2014: $18,833,705Liabilities 2014: $0Net Assets 2014: $18,833,7052014Assets 2015: $24,418,388Liabilities 2015: $0Net Assets 2015: $24,418,3882015Assets 2016: $24,189,157Liabilities 2016: $0Net Assets 2016: $24,189,1572016Assets 2017: $15,955,209Liabilities 2017: $0Net Assets 2017: $15,955,2092017Assets 2018: $12,435,663Liabilities 2018: $0Net Assets 2018: $12,435,6632018Assets 2019: $9,205,736Liabilities 2019: $902,312Net Assets 2019: $8,303,4242019Assets 2020: $6,115,056Liabilities 2020: $0Net Assets 2020: $6,115,0562020Assets 2021: $5,046,236Liabilities 2021: $0Net Assets 2021: $5,046,2362021Assets 2022: $4,758,331Liabilities 2022: $186,879Net Assets 2022: $4,571,4522022Assets 2023: $4,619,069Liabilities 2023: $0Net Assets 2023: $4,619,0692023Assets 2024: $4,763,484Liabilities 2024: $0Net Assets 2024: $4,763,4842024

Highlighted filing

2016

Assets$24,189,157
Liabilities$0
Net Assets$24,189,157

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2014: $20,378,128Expenses 2014: $1,544,423Net Income 2014: $18,833,7052014Revenue 2015: $9,830,300Expenses 2015: $4,245,617Net Income 2015: $5,584,6832015Revenue 2016: $16,428,906Expenses 2016: $16,658,137Net Income 2016: -$229,2312016Revenue 2017: $19,216,132Expenses 2017: $27,450,080Net Income 2017: -$8,233,9482017Revenue 2018: $13,733,154Expenses 2018: $17,252,700Net Income 2018: -$3,519,5462018Revenue 2019: $8,066,287Expenses 2019: $11,937,150Net Income 2019: -$3,870,8632019Revenue 2020: $8,293Expenses 2020: $2,196,661Net Income 2020: -$2,188,3682020Revenue 2021: $606Expenses 2021: $1,069,426Net Income 2021: -$1,068,8202021Revenue 2022: $20,030Expenses 2022: $494,814Net Income 2022: -$474,7842022Revenue 2023: $145,033Expenses 2023: $97,416Net Income 2023: $47,6172023Revenue 2024: $146,292Expenses 2024: $1,877Net Income 2024: $144,4152024

Highlighted filing

2016

Revenue$16,428,906
Expenses$16,658,137
Net Income-$229,231
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 23, 2017
Return Version
2016v3.0
Gross Receipts
$16,428,906
Mission and Program Overview

Mission

The organizations purpose is to facilitate the development of the infrastructure for retail and wholesale distribution of higher blends of a cleaner, renewable fuel to benefit the environment, economy, and energy security of the United States.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$24,418,388$24,189,157▼ $229,231
Rtn Earn Endowment Incm Other Fnds$24,418,388$24,189,157▼ $229,231
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$24,418,388$24,189,157▼ $229,231
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$24,418,388$24,189,157▼ $229,231
Total Liabilities and Net Assets / Fund Balance$24,418,388$24,189,157▼ $229,231
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ray DefenbaughChairman
Craig WillisPresident
Todd BeckerDirector
Jon HolzfasterSecretary
Jeff BroinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$16,426,250
Program Service Revenue
$0
Investment Income
$2,656
Other Revenue
$0
Change in Net Assets
$-229,231

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,428,906
Total Revenue per Audited Statements
$16,428,906
Total Revenue per Form 990
$16,428,906
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$16,359,870
Other Expenses$298,267
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$16,359,870--$16,359,870
Fees for Services Other$142,599--$142,599
Fees for Services Management$130,000--$130,000
Fees for Services Accounting$25,355--$25,355
Other Expenses$313--$313
Total Functional Expenses$16,658,137$0$0$16,658,137

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$16,658,137
Total Expenses per Audited Statements$16,658,137
Total Expenses per Form 990$16,658,137
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
ThorntonsLouisville, KY-Improve Market Access and Acceptanc$4,631,690
Kum & GoWest Des Moines, IA-Improve Market Access and Acceptanc$3,887,346
Sheetz Inc & SubsidiariesAltoona, PA-Improve Market Access and Acceptanc$3,872,222
MinnocoLittle Canada, MN-Improve Market Access and Acceptanc$1,919,800
Racetrack PetroleumAtlanta, GA-Improve Market Access and Acceptanc$844,580
Protec Fuel EquipmentBoca Raton, FL-Improve Market Access and Acceptanc$720,550
New Partners Consulting IncMinneapolis, MN-Improve Market Access and Acceptanc$286,082
Jn2 Associates LLCWashington, DC-Improve Market Access and Acceptanc$147,600
Chs IncInver Grove Hei, MN-Improve Market Access and Acceptanc$50,000
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
Insider Transactions and Loans

Loans and Receivables

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

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

a. prepare and send approved invoices to stakeholders;b. pay approved A/P invoices to petroleum retailers and vendors;c. record all transactions into the general ledger;d. provide a monthly financial statement; ande. be a financial resource to the board of directors and designees.1. cause to be deposited from time to time in the Company depository accounts andmake deposits and to endorse checks, drafts, and other instruments for deposit;2. to sign or countersign checks, drafts or other orders for the payment of money of the Company against any funds in any of such accounts; and3. authorize the use of facsimile signatures for the signing or countersigning of checksdrafts or other orders for payment of money and to enter into such agreements asbanks and similar financial institutions customarily require as a condition forpermitting the use of facsimile signatures.

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Prime the Pump Fund
EIN
46-5683903
Phone
6059652200
Address
4615 NORTH LEWIS AVENUE, SIOUX FALLS, SD 57104

Signing Officer

Name
Ray Defenbaugh
Title
Chairman
Signed
2017-05-23
Discuss with paid preparer
Yes

Organization Details

Formed
2014
Legal Domicile
Sd
Voting Board Members
5
Independent Board Members
0
Employees
0
Volunteers
9

Preparer

Firm
Christianson PLLP
Address
302 5th Street SW, Willmar, MN 56201
Preparer
Keith R Cooreman
Phone
3202355937
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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt60
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt70
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt80
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0IMPROVE MARKET ACCESS AND ACCEPTANC
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1IMPROVE MARKET ACCESS AND ACCEPTANC
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2IMPROVE MARKET ACCESS AND ACCEPTANC
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3IMPROVE MARKET ACCESS AND ACCEPTANC
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4IMPROVE MARKET ACCESS AND ACCEPTANC
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5IMPROVE MARKET ACCESS AND ACCEPTANC
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6IMPROVE MARKET ACCESS AND ACCEPTANC
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7IMPROVE MARKET ACCESS AND ACCEPTANC
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8IMPROVE MARKET ACCESS AND ACCEPTANC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CHS INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1JN2 ASSOCIATES LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2KUM & GO
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3MINNOCO
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4NEW PARTNERS CONSULTING INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5PROTEC FUEL EQUIPMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6RACETRACK PETROLEUM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7SHEETZ INC & SUBSIDIARIES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8THORNTONS
IRS990ScheduleI/RecipientTable/RecipientEIN0410251095
IRS990ScheduleI/RecipientTable/RecipientEIN1814032601
IRS990ScheduleI/RecipientTable/RecipientEIN2421465780
IRS990ScheduleI/RecipientTable/RecipientEIN3462811046
IRS990ScheduleI/RecipientTable/RecipientEIN4264255065
IRS990ScheduleI/RecipientTable/RecipientEIN5651087105
IRS990ScheduleI/RecipientTable/RecipientEIN6630642959
IRS990ScheduleI/RecipientTable/RecipientEIN7251202108
IRS990ScheduleI/RecipientTable/RecipientEIN8351188206
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt05500 CENEX DRIVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1142 SEATON PLACE NW
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt26400 WESTOWN PARKWAY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt32886 MIDDLE STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4807 BROADWAY STREET NE SUITE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5750 PARK OF COMMERCE BLVD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt63225 CUMBERLAND BLVD STE 100
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt75700 SIXTH AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt810101 LINN STATION ROAD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0INVER GROVE HEI
IRS990ScheduleI/RecipientTable/USAddress/CityNm1WASHINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm2WEST DES MOINES
IRS990ScheduleI/RecipientTable/USAddress/CityNm3LITTLE CANADA
IRS990ScheduleI/RecipientTable/USAddress/CityNm4MINNEAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/CityNm5BOCA RATON
IRS990ScheduleI/RecipientTable/USAddress/CityNm6ATLANTA
IRS990ScheduleI/RecipientTable/USAddress/CityNm7ALTOONA
IRS990ScheduleI/RecipientTable/USAddress/CityNm8LOUISVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1DC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2IA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5FL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6GA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd7PA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd8KY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd055077
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd120001
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd250266
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd355117
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd455413
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd533487
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd630339
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd716602
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd840223
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt09
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IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0a. prepare and send approved invoices to stakeholders;b. pay approved A/P invoices to petroleum retailers and vendors;c. record all transactions into the general ledger;d. provide a monthly financial statement; ande. be a financial resource to the board of directors and designees.1. cause to be deposited from time to time in the Company depository accounts andmake deposits and to endorse checks, drafts, and other instruments for deposit;2. to sign or countersign checks, drafts or other orders for the payment of money of the Company against any funds in any of such accounts; and3. authorize the use of facsimile signatures for the signing or countersigning of checksdrafts or other orders for payment of money and to enter into such agreements asbanks and similar financial institutions customarily require as a condition forpermitting the use of facsimile signatures.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt024418388
IRS990/TotalAssetsEOYAmt024189157
IRS990/TotalAssetsGrp/BOYAmt024418388
IRS990/TotalAssetsGrp/EOYAmt024189157
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt016426250
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt016658137
IRS990/TotalFunctionalExpensesGrp/TotalAmt016658137
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt024418388
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt024189157
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02656
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt016428906
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt024418388
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt024189157
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RAY DEFENBAUGH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRIME THE PUMP FUND
ReturnHeader/Filer/BusinessNameControlTxt0PRIM
ReturnHeader/Filer/EIN0465683903
ReturnHeader/Filer/PhoneNum06059652200
ReturnHeader/Filer/USAddress/AddressLine1Txt04615 NORTH LEWIS AVENUE
ReturnHeader/Filer/USAddress/CityNm0SIOUX FALLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SD
ReturnHeader/Filer/USAddress/ZIPCd057104
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Christianson PLLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0302 5th Street SW
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Willmar

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