Civic Intelligence

Starkey Incorporated

990 • Fiscal year 2019 • EIN 48-0630180

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 30, 2020

4500 West Maple StreetWichita, KS 67209

(316) 942-4221

Siviq Scores

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

Liabilities / Assets

36th percentile

0.09x

Higher debt load relative to assets than 36% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

29th percentile

0.10x

Higher debt load relative to revenue than 29% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

64th percentile

8.0%

Higher net margin than 64% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

46th percentile

$165,483

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

64th percentile

8.1%

Faster asset growth than 64% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

52nd percentile

4.5%

Faster revenue growth than 52% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$22,538,840

Up $1,691,797 (+8.1%) from 2018

Net Assets

Up

$20,512,352

Up $1,757,970 (+9.4%) from 2018

Liabilities

Down

$2,026,488

Down $66,173 (-3.2%) from 2018

Revenue

Up

$21,298,002

Up $916,603 (+4.5%) from 2018

Expenses

Up

$19,592,844

Up $713,395 (+3.8%) from 2018

Net Income

Up

$1,705,158

Up $203,208 (+14%) from 2018

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $13,968,509Liabilities 2010: $2,982,961Net Assets 2010: $10,985,5482010Assets 2011: $14,376,317Liabilities 2011: $2,708,527Net Assets 2011: $11,667,7902011Assets 2012: $14,842,473Liabilities 2012: $2,610,386Net Assets 2012: $12,232,0872012Assets 2013: $14,709,631Liabilities 2013: $2,915,894Net Assets 2013: $11,793,7372013Assets 2014: $17,422,204Liabilities 2014: $3,773,519Net Assets 2014: $13,648,6852014Assets 2015: $18,790,833Liabilities 2015: $3,504,962Net Assets 2015: $15,285,8712015Assets 2016: $20,265,642Liabilities 2016: $3,404,718Net Assets 2016: $16,860,9242016Assets 2017: $20,290,563Liabilities 2017: $3,034,580Net Assets 2017: $17,255,9832017Assets 2018: $20,847,043Liabilities 2018: $2,092,661Net Assets 2018: $18,754,3822018Assets 2019: $22,538,840Liabilities 2019: $2,026,488Net Assets 2019: $20,512,3522019Assets 2020: $26,814,434Liabilities 2020: $5,075,075Net Assets 2020: $21,739,3592020Assets 2021: $26,620,047Liabilities 2021: $2,437,098Net Assets 2021: $24,182,9492021Assets 2022: $24,888,057Liabilities 2022: $1,748,437Net Assets 2022: $23,139,6202022Assets 2023: $32,410,324Liabilities 2023: $2,295,691Net Assets 2023: $30,114,6332023Assets 2024: $33,794,692Liabilities 2024: $2,077,879Net Assets 2024: $31,716,8132024

Highlighted filing

2019

Assets$22,538,840
Liabilities$2,026,488
Net Assets$20,512,352

Operations Trend

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

$40M$30M$20M$10M$0-$10MExpenses 2010: $14,074,0722010Expenses 2011: $14,620,0532011Expenses 2012: $15,646,1392012Revenue 2013: $16,722,969Expenses 2013: $16,212,427Net Income 2013: $510,5422013Revenue 2014: $17,874,029Expenses 2014: $17,087,318Net Income 2014: $786,7112014Revenue 2015: $19,208,037Expenses 2015: $17,328,434Net Income 2015: $1,879,6032015Revenue 2016: $19,723,923Expenses 2016: $18,412,430Net Income 2016: $1,311,4932016Revenue 2017: $18,351,718Expenses 2017: $18,075,856Net Income 2017: $275,8622017Revenue 2018: $20,381,399Expenses 2018: $18,879,449Net Income 2018: $1,501,9502018Revenue 2019: $21,298,002Expenses 2019: $19,592,844Net Income 2019: $1,705,1582019Revenue 2020: $21,544,429Expenses 2020: $20,292,929Net Income 2020: $1,251,5002020Revenue 2021: $22,363,959Expenses 2021: $20,168,994Net Income 2021: $2,194,9652021Revenue 2022: $20,689,914Expenses 2022: $21,503,616Net Income 2022: -$813,7022022Revenue 2023: $32,583,509Expenses 2023: $25,808,199Net Income 2023: $6,775,3102023Revenue 2024: $27,132,064Expenses 2024: $25,763,361Net Income 2024: $1,368,7032024

Highlighted filing

2019

Revenue$21,298,002
Expenses$19,592,844
Net Income$1,705,158
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 30, 2020
Return Version
2018v3.2
Gross Receipts
$22,025,916
Mission and Program Overview

Mission

Starkey nurtures development and promotes independence of people with intellectual disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,772,474$7,967,701▲ $195,227
Savings and Temporary Cash Investments$5,991,869$6,583,618▲ $591,749
Accounts Receivable$2,367,283$2,573,258▲ $205,975
Investments Other Securities$1,998,960$2,573,040▲ $574,080
Pledges and Grants Receivable$447,649$599,104▲ $151,455
Prepaid Expenses and Deferred Charges$201,129$220,910▲ $19,781
Inventories for Sale or Use$29,324$18,677▼ $10,647
Total Assets$20,847,043$22,538,840▲ $1,691,797
Other Assets Total$2,038,355$2,002,532▼ $35,823
Liabilities
Accounts Payable and Accrued Expenses$1,723,911$1,847,095▲ $123,184
Mortgage Notes Payable Secured by Investment Property$368,750$179,393▼ $189,357
Total Liabilities$2,092,661$2,026,488▼ $66,173
Net Assets / Fund Balance
Unrestricted Net Assets$16,164,010$16,673,071▲ $509,061
Temporarily Rstr Net Assets$2,360,372$3,609,281▲ $1,248,909
Permanently Rstr Net Assets$230,000$230,000→ $0
Total Net Assets Fund Balance$18,754,382$20,512,352▲ $1,757,970
Total Liabilities and Net Assets / Fund Balance$20,847,043$22,538,840▲ $1,691,797

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,042,240$6,684,681$13,726,921
Equipment$369,878$3,088,404$3,458,282
Land$555,583-$555,583
Other Assets Org$2,141--
Other Securities$124,664--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$3,423,159$1,449,011▲ $12,044$67,200$4,817,014
2018$450,799$3,060,070-$87,710$3,423,159
2017$430,093$59,384-$38,678$450,799
2016$148,295$372,829-$91,031$430,093
2015$160,281--$11,986$148,295
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Colin MckenneyCEOFT$145,845$19,638$165,483
Kristina MacyCOOFT$90,516$15,011$105,527
Don WiesnerCFOFT$79,530$16,554$96,084

Board Members and Trustees

NameTitle
Christian LehrPresident
Angela LeikerDirector
Brian HuttonDirector
Cara LedyDirector
David MillerDirector
Jill TinsleyDirector
Julie EckhartDirector
Mark KochDirector
Michelle SnyderDirector
Naarciso NarvaisDirector
Stuart RayDirector
Kathrine GirrensSecretary
Tim ReimerTreasurer
Dakan WilliamVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,585,899
Program Service Revenue
$19,385,891
Investment Income
$276,043
Other Revenue
$50,169
All Other Contributions
$1,585,899
Change in Net Assets
$1,705,158

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,298,002
Revenue Not Reported on Form 990
$52,837
Total Revenue per Audited Statements
$21,350,839
Total Revenue per Form 990
$21,298,002
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$15,914,332
Other Expenses$3,678,512
Total Fundraising Expense$158,025
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,371,664$924,944$74,866$11,371,474
Other Employee Benefits$1,917,823$274,155$17,480$2,209,458
Pension Plan Contributions$956,659$118,889$11,361$1,086,909
Payroll Taxes$806,549$95,366$9,077$910,992
Depreciation Depletion$627,041$159,783-$786,824
Occupancy$530,178$89,772$3,413$623,363
Current Officers, Directors, Trustees, and Key Employees-$335,499-$335,499
Insurance$171,630$141,828-$313,458
All Other Expenses$82,703$47,737$33,453$163,893
Other Expenses$29,147$115,578$4,702$144,725
Fees for Services Other$34,815$38,443$20$73,278
Advertising-$31,203$110$31,313
Fees for Services Accounting$1,104$28,101$278$29,483
Interest$9,555--$9,555
Fees for Services Management-$4,622-$4,622
Total Functional Expenses$16,734,131$2,700,688$158,025$19,592,844

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$19,592,869
Total Expenses per Form 990$19,592,844
Expenses per Audited Statements$19,577,425
Expenses Not Reported on Form 990$15,444
Expenses Not Reported on Financial Statements$15,419
Other Expense Adjustments$15,419
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
Backup withholding compliance
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Starkey, inc. Is a membership organization. Members are family members and/or guardians of adults with intellectual disabilities that starkey supports. Members meet on a semi-annual basis.

Form 990, Page 6, Part VI, Line 7A

Members may participate on the nominating committee for the bod and may nominate a memeber at the annual meeting. Members may also attend the bod meetings, receive the minutes and agenda and other exhibits the bod receive.

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

The 990 is reviewed by the ceo, cfo, and bod president prior to being filed with the irs.

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

Bod members are required to review and sign the conflict of interest statement annually. They also sign the code of ethics which has numerous references to conflicts of interest. They must avoid conflicts of interest, fully disclose conflicts of interest and potential conflicts of interest when participating in bod decision making, not accept employment as staff in the organization or payment for services rendered as a board member, no self dealing, no acceptance of gifts/favors, and any bod member who fails to disclose a conflict of interest may be subject to removal.

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

The board evaluation of the ceo is conducted annually and on a biannual basis. The evaluation includes a 360 degree process and satisfaction survey process. The 360 degree evaluation includes feedback from employees who report directly to the ceo, members of the starkey advisory council and the director of the sedgwick county disability organization.

Form 990, Page 6, Part VI, Line 19

Starkey, inc. Makes its governing documents, signed conflict of interest statement and financial statements available to the general public by allowing inspection of the documents at the office of the organization (don wiesner, cfo, c/o starkey, inc., 4500 w. Maple, wichita, ks 67209) and by providing copies upon request.

Filing and Contact Details

Filer

Filer Name
Starkey Inc
EIN
48-0630180
Phone
3169424221
Address
4500 WEST MAPLE STREET, WICHITA, KS 67209

Signing Officer

Name
Christian Lehr
Title
President
Phone
3169424221
Signed
2020-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Colin Mckenney
Formed
1955
Legal Domicile
Ks
Voting Board Members
14
Independent Board Members
14
Employees
519
Volunteers
167

Preparer

Firm
Swindoll Janzen Hawk & Loyd LLC
Address
220 W DOUGLAS AVE SUITE 300, WICHITA, KS 67202
Preparer
Adam L Grilliot Cpapfs
Phone
3162655600
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Transportation: transportation provided for individuals. Expenses including grants of revenue

Form 990, Part XI, Line 9

Investment fees deducted from revenue -15,419 investment fees deducted from revenue 15,419

Financial Statement Notes

Schedule D, Page 3, Part X

The organization follows accounting requirements related to uncertain tax positions. Tax positions taken may include positions that the organization is exempt from income taxes or be related to how the organization determines its unrelated business income. The organization recognizes the financial statement effects of a tax position only when it believes it can more likely than not sustain the position upon an examination by the relevant tax authority. Tax years that remain open include fiscal years ending 2015, 2016, 2017 and 2018.

Schedule D, Page 4, Part XI, Line 2D

Investment fees deducted from revenue -15,419

Schedule D, Page 4, Part XII, Line 4B

Investment fees deducted from revenue 15,419

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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt013415097
IRS990/ProgSrvcAccomActy3Grp/Desc0SERVICE COORDINATION: PROVIDES CASE MANAGEMENT FOR INDIVIDUALS WITH INTELLECTUAL DISABILITIES; ADULTS, CHILDREN AND FAMILIES.
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IRS990/RevenueAmt05082136
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$33.8$2.08$31.7$27.1$25.8$1.37
2023Detailed filing. Detailed filing data is available for this year.$32.4$2.30$30.1$32.6$25.8$6.78
2022Detailed filing. Detailed filing data is available for this year.$24.9$1.75$23.1$20.7$21.5$0.81
2021Detailed filing. Detailed filing data is available for this year.$26.6$2.44$24.2$22.4$20.2$2.19
2020Detailed filing. Detailed filing data is available for this year.$26.8$5.08$21.7$21.5$20.3$1.25
2019Detailed filing. Detailed filing data is available for this year.$22.5$2.03$20.5$21.3$19.6$1.71
2018Detailed filing. Detailed filing data is available for this year.$20.8$2.09$18.8$20.4$18.9$1.50
2017Detailed filing. Detailed filing data is available for this year.$20.3$3.03$17.3$18.4$18.1$0.28
2016Detailed filing. Detailed filing data is available for this year.$20.3$3.40$16.9$19.7$18.4$1.31
2015Detailed filing. Detailed filing data is available for this year.$18.8$3.50$15.3$19.2$17.3$1.88
2014Detailed filing. Detailed filing data is available for this year.$17.4$3.77$13.6$17.9$17.1$0.79
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.7$2.92$11.8$16.7$16.2$0.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.8$2.61$12.2$15.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.4$2.71$11.7$14.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.0$2.98$11.0$14.1