Civic Intelligence

Community Venture Foundation

990 • Fiscal year 2019 • EIN 47-3941079

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 25, 2020

1 East Center Street Suite 270Fayettevile, AR 72701

(479) 310-6261

Siviq Scores

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

Liabilities / Assets

56th percentile

0.05x

Higher debt load relative to assets than 56% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

66th percentile

0.09x

Higher debt load relative to revenue than 66% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

5th percentile

-54%

Higher net margin than 5% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

94th percentile

$159,163

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 28.9% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

87th percentile

42%

Faster asset growth than 87% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

6th percentile

-44%

Faster revenue growth than 6% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$994,090

Up $293,177 (+42%) from 2018

Net Assets

Up

$944,649

Up $255,943 (+37%) from 2018

Liabilities

Up

$49,441

Up $37,234 (+305%) from 2018

Revenue

Down

$551,090

Down $429,099 (-44%) from 2018

Expenses

Up

$848,916

Up $40,881 (+5.1%) from 2018

Net Income

Down

-$297,826

Down $469,980 (-273%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2017: $521,052Liabilities 2017: $2,363Net Assets 2017: $518,6892017Assets 2018: $700,913Liabilities 2018: $12,207Net Assets 2018: $688,7062018Assets 2019: $994,090Liabilities 2019: $49,441Net Assets 2019: $944,6492019Assets 2020: $956,569Liabilities 2020: $208,995Net Assets 2020: $747,5742020Assets 2021: $1,290,105Liabilities 2021: $157,110Net Assets 2021: $1,132,9952021Assets 2022: $856,682Liabilities 2022: $181,565Net Assets 2022: $675,1172022Assets 2023: $860,358Liabilities 2023: $12,735Net Assets 2023: $847,6232023Assets 2024: $670,212Liabilities 2024: $32,028Net Assets 2024: $638,1842024

Highlighted filing

2019

Assets$994,090
Liabilities$49,441
Net Assets$944,649

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $282,151Expenses 2017: $313,947Net Income 2017: -$31,7962017Revenue 2018: $980,189Expenses 2018: $808,035Net Income 2018: $172,1542018Revenue 2019: $551,090Expenses 2019: $848,916Net Income 2019: -$297,8262019Revenue 2020: $808,583Expenses 2020: $1,005,658Net Income 2020: -$197,0752020Revenue 2021: $1,458,049Expenses 2021: $1,072,628Net Income 2021: $385,4212021Revenue 2022: $612,064Expenses 2022: $1,069,942Net Income 2022: -$457,8782022Revenue 2023: $2,000,953Expenses 2023: $1,701,440Net Income 2023: $299,5132023Revenue 2024: $2,453,162Expenses 2024: $2,413,058Net Income 2024: $40,1042024

Highlighted filing

2019

Revenue$551,090
Expenses$848,916
Net Income-$297,826
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 25, 2020
Return Version
2019v5.1
Gross Receipts
$551,090
Mission and Program Overview

Mission

Our mission is to educate, inspire, and inspire, and support entrepreneurs and innovators through nocost

Our mission is to educate, inspire, and support entrepreneurs and innovators through no-cost one-on-one consulting, events, workshops and programs, and access to capital and talent.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$220,565$937,140▲ $716,575
Investments in Publicly Traded Securities$400,000$0▼ $400,000
Pledges and Grants Receivable$49,348--
Accounts Receivable$30,000$37,192▲ $7,192
Prepaid Expenses and Deferred Charges$1,000$19,758▲ $18,758
Total Assets$700,913$994,090▲ $293,177
Liabilities
Accounts Payable and Accrued Expenses$12,207$49,441▲ $37,234
Total Liabilities$12,207$49,441▲ $37,234
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$193,381$944,649▲ $751,268
Net Assets With Donor Restrictions$495,325$0▼ $495,325
Total Net Assets Fund Balance$688,706$944,649▲ $255,943
Total Liabilities and Net Assets / Fund Balance$700,913$994,090▲ $293,177
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Haley AllgoodExecutive DirectorFT$154,667$4,496$159,163

Board Members and Trustees

NameTitle
Calvin SmithChairman
Amy CallahanBoard Member
Ashton MccombsBoard Member
Cynthia SidesBoard Member
Dan SankerBoard Member
Rick BarrowsBoard Member
Ronnie BrewerBoard Member
Scott AndrewsBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$476,224
Program Service Revenue
$72,545
Investment Income
$2,321
Other Revenue
$0
All Other Contributions
$476,224
Change in Net Assets
$-297,826

Audited Revenue Reconciliation

Revenue per Audited Statements
$551,090
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$17,384
Total Revenue per Audited Statements
$568,474
Total Revenue per Form 990
$551,090
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$497,882
Other Expenses$351,034
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$246,692$43,534-$290,226
Current Officers, Directors, Trustees, and Key Employees$131,467$23,200-$154,667
Conferences and Meetings$127,640--$127,640
Fees for Services Other$49,317$29,662-$78,979
Advertising-$38,199-$38,199
Payroll Taxes$28,781$5,079-$33,860
Occupancy-$25,794-$25,794
Other Employee Benefits$16,260$2,869-$19,129
Travel$13,303--$13,303
Office Expenses$6,940$4,874-$11,814
Insurance-$4,988-$4,988
Other Expenses$2,776$1,663-$4,439
Fees for Services Legal-$400-$400
Total Functional Expenses$625,936$222,980$0$848,916

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$866,300
Expenses per Audited Statements$848,916
Total Expenses per Form 990$848,916
Expenses Not Reported on Form 990$17,384
Expenses Not Reported on Financial Statements$0
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
Audit committee
No
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 B, Line 11B

A copy of 990 draft is provided to the governing body to be reviewed prior to filing the 990.

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

The board reviews and discusses annually.

Form 990, Part VI, Section C, Line 18

The organization's governing document, conflict of interest policy, and financial statements are available to the public upon request.

Form 990, Part VI, Section C, Line 19

The organization's governing document, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Community Venture Foundation
EIN
47-3941079
Phone
4793106261
Address
1 EAST CENTER STREET SUITE 270, FAYETTEVILE, AR 72701
Doing Business As
Startup Junkie Foundation

Signing Officer

Name
Taylor Hasley
Title
Executive Director
Phone
4793106261
Signed
2020-09-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Taylor Hasley
Formed
2015
Legal Domicile
Ar
Voting Board Members
8
Independent Board Members
8
Employees
14
Volunteers
18

Preparer

Firm
Landmark Plc Cpas
Address
2003 SOUTH HORSEBARN ROAD SUITE 4, ROGERS, AR 72758
Preparer
John D Evans
Phone
4796364461
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization qualifes as an organization exempt from income taxes under section 501(c)(3) of the internal revenue code and a similar state statue and is not subject to tax at the entity level for federal and state income tax purposes. In addition, the organization has been classified as an organization that is not a private foundation under section 509(a)(1). The organization accounts for uncertain tax postions in accordance with the provisions of fasb codification topic income taxes. Fasb codification topic income taxes clarifies the accounting for uncertainty in income taxes and requires the organization to recognize in their financial statements the impact of a tax position taken or expected to be taken in a tax return, if that position is more likely than not to be sustained under audit. Based on the technical merits of the position. Management has assessed the tax positions of the organization and determined that no positions exist that require adjustment or disclosure under the provisions of fasb codification topic income taxes.

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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0980189
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-297826
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt072545
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0983289
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0850352
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0229462
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02063103
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02322
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0897
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01233
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt04452
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt072545
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0128940
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt051456
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0252941
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02322
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0897
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01233
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt04452
IRS990ScheduleA/InvestmentIncomeCYPct00.00190
IRS990ScheduleA/InvestmentIncomePYPct00.00170
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99810
IRS990ScheduleA/PublicSupportPY509Pct00.99830
IRS990ScheduleA/PublicSupportTotal509Amt02316044
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01055834
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0979292
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0280918
IRS990ScheduleA/Total509Grp/TotalAmt02316044
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01058156
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0980189
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0282151
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02320496
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt017384
IRS990ScheduleD/DonatedServicesUseFcltsAmt017384
IRS990ScheduleD/ExpensesNotReportedAmt017384
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0848916
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt017384
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0551090
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION QUALIFES AS AN ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR STATE STATUE AND IS NOT SUBJECT TO TAX AT THE ENTITY LEVEL FOR FEDERAL AND STATE INCOME TAX PURPOSES. IN ADDITION, THE ORGANIZATION HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). THE ORGANIZATION ACCOUNTS FOR UNCERTAIN TAX POSTIONS IN ACCORDANCE WITH THE PROVISIONS OF FASB CODIFICATION TOPIC INCOME TAXES. FASB CODIFICATION TOPIC INCOME TAXES CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND REQUIRES THE ORGANIZATION TO RECOGNIZE IN THEIR FINANCIAL STATEMENTS THE IMPACT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED UNDER AUDIT. BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS ASSESSED THE TAX POSITIONS OF THE ORGANIZATION AND DETERMINED THAT NO POSITIONS EXIST THAT REQUIRE ADJUSTMENT OR DISCLOSURE UNDER THE PROVISIONS OF FASB CODIFICATION TOPIC INCOME TAXES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt0848916
IRS990ScheduleD/TotalRevenuePerForm990Amt0551090
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0568474
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0866300
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt04496
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0HALEY ALLGOOD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF 990 DRAFT IS PROVIDED TO THE GOVERNING BODY TO BE REVIEWED PRIOR TO FILING THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS AND DISCUSSES ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENT, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENT, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0AR
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0700913
IRS990/TotalAssetsEOYAmt0994090
IRS990/TotalAssetsGrp/BOYAmt0700913
IRS990/TotalAssetsGrp/EOYAmt0994090
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0476224
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0222980
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0625936
IRS990/TotalFunctionalExpensesGrp/TotalAmt0848916
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012207
IRS990/TotalLiabilitiesEOYAmt049441
IRS990/TotalLiabilitiesGrp/BOYAmt012207
IRS990/TotalLiabilitiesGrp/EOYAmt049441
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0688706
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0944649
IRS990/TotalOtherCompensationAmt04496
IRS990/TotalProgramServiceExpensesAmt0625936
IRS990/TotalProgramServiceRevenueAmt072545
IRS990/TotalReportableCompFromOrgAmt0154667
IRS990/TotalRevenueGrp/ExclusionAmt02321
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt072545
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0551090

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