Civic Intelligence

Independent Resources Inc

990 • Fiscal year 2014 • EIN 51-0345748

Oct 01, 2013 to Sep 30, 2014 • Filed on Jun 30, 2015

2 Fox Point Centre 6 Denny Rd No10119809-3444

(302) 765-0191

Siviq Scores

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

Liabilities / Assets

64th percentile

0.14x

Higher debt load relative to assets than 64% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

50th percentile

0.04x

Higher debt load relative to revenue than 50% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

33rd percentile

-2.2%

Higher net margin than 33% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

77th percentile

$69,156

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 10.2% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

29th percentile

-3.3%

Faster asset growth than 29% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Down

$201,314

Down $6,974 (-3.3%) from 2013

Net Assets

Down

$172,165

Down $15,101 (-8.1%) from 2013

Liabilities

Up

$29,149

Up $8,127 (+39%) from 2013

Revenue

$675,666

No earlier filing loaded for comparison.

Expenses

Down

$690,767

Down $44,478 (-6.0%) from 2013

Net Income

-$15,101

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2010: $185,858Liabilities 2010: $29,447Net Assets 2010: $156,4112010Assets 2011: $221,984Liabilities 2011: $14,113Net Assets 2011: $207,8712011Assets 2012: $223,420Liabilities 2012: $13,028Net Assets 2012: $210,3922012Assets 2013: $208,288Liabilities 2013: $21,022Net Assets 2013: $187,2662013Assets 2014: $201,314Liabilities 2014: $29,149Net Assets 2014: $172,1652014Assets 2015: $236,704Liabilities 2015: $37,709Net Assets 2015: $198,9952015Assets 2016: $165,316Liabilities 2016: $16,105Net Assets 2016: $149,2112016Assets 2017: $199,162Liabilities 2017: $83,576Net Assets 2017: $115,5862017Assets 2018: $97,968Liabilities 2018: $53,134Net Assets 2018: $44,8342018Assets 2019: $109,001Liabilities 2019: $49,393Net Assets 2019: $59,6082019Assets 2020: $146,199Liabilities 2020: $55,753Net Assets 2020: $90,4462020

Highlighted filing

2014

Assets$201,314
Liabilities$29,149
Net Assets$172,165

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $659,1692010Expenses 2011: $670,0422011Expenses 2012: $716,2692012Expenses 2013: $735,2452013Revenue 2014: $675,666Expenses 2014: $690,767Net Income 2014: -$15,1012014Revenue 2015: $670,714Expenses 2015: $675,486Net Income 2015: -$4,7722015Revenue 2016: $653,746Expenses 2016: $703,530Net Income 2016: -$49,7842016Revenue 2017: $692,371Expenses 2017: $725,996Net Income 2017: -$33,6252017Revenue 2018: $658,845Expenses 2018: $729,597Net Income 2018: -$70,7522018Revenue 2019: $782,610Expenses 2019: $767,836Net Income 2019: $14,7742019Revenue 2020: $820,225Expenses 2020: $789,387Net Income 2020: $30,8382020

Highlighted filing

2014

Revenue$675,666
Expenses$690,767
Net Income-$15,101
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Jun 30, 2015
Return Version
2013v4.0
Gross Receipts
$701,835
Mission and Program Overview

Mission

The purpose of independent resources, inc. Is to function as a resource center to assist persons with disabilities in achieving and maintaining individual lifestyles. The organization believes in personal empowerment, independence, and community education.

The purpose of independent resources, inc. Is to function as a resource center to assist to assist persons with disabilities in achieving and maintaining individual lifestyles. The organization believes in personal empowerment, independence, and community education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$179,954$178,586▼ $1,368
Prepaid Expenses and Deferred Charges$20,464$18,037▼ $2,427
Land, Buildings, and Equipment, Net$7,870$4,691▼ $3,179
Total Assets$208,288$201,314▼ $6,974
Liabilities
Deferred Revenue$13,611$18,989▲ $5,378
Accounts Payable and Accrued Expenses$7,411$10,160▲ $2,749
Total Liabilities$21,022$29,149▲ $8,127
Net Assets / Fund Balance
Unrestricted Net Assets$165,874$159,667▼ $6,207
Temporarily Rstr Net Assets$21,392$12,498▼ $8,894
Total Net Assets Fund Balance$187,266$172,165▼ $15,101
Total Liabilities and Net Assets / Fund Balance$208,288$201,314▼ $6,974

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,691$90,889$95,580
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Larry D HendersonExecutive DirectorFT$58,790$10,366$69,156

Board Members and Trustees

NameTitle
Monica EdgarActing Chair
Eric PottsBoard Member
Gary MearsBoard Member
Kee KimBoard Member
Norma KennerlyBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$676,903
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-1,237
Change in Net Assets
$-15,101

Audited Revenue Reconciliation

Revenue per Audited Statements
$675,666
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$675,666
Total Revenue per Form 990
$675,666
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$433,204
Other Expenses$257,563
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$251,211$47,850-$299,061
Occupancy$80,161$15,707-$95,868
Fees for Services Other$66,168$12,604-$78,772
Current Officers, Directors, Trustees, and Key Employees$56,446$10,752-$67,198
Other Employee Benefits$32,468$6,185-$38,653
Payroll Taxes$21,721$4,137-$25,858
Fees for Services Accounting$10,332$1,968-$12,300
All Other Expenses$10,549--$10,549
Office Expenses$6,710$870-$7,580
Travel$6,975--$6,975
Insurance$6,770--$6,770
Depreciation Depletion$4,633$882-$5,515
Pension Plan Contributions$2,045$389-$2,434
Other Expenses$1,643$867-$1,643
Information Technology$1,200--$1,200
Conferences and Meetings$445--$445
Total Functional Expenses$585,719$105,048$0$690,767

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$690,767
Total Expenses per Audited Statements$690,767
Total Expenses per Form 990$690,767
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$26,169
Fundraising Gross Income$24,932
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$29,632$24,932$3,571$21,361
Total Events$29,632$24,932$26,169$-1,237
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
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
Yes
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 11

The form 990 is provided electronically to the governing board for review and approval prior to submission.

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

When the chairman of the board of directors discovers a potential conflict of interest, the chairman determines whether to take no action, disclose the issue to the full board of directors, ask the applicable person to recuse from participation in related discussions or decisions within the organization, or ask the applicable person to resign from his or her position within the organization. The organization's chief employed executive and chief employed finance executive will monitor proposed or ongoing transactions for conflicts of interest and disclose them to the chairman of the board of directors in order to deal with potential or actual conflicts, whether discovered before or after the transactions have occurred.

Form 990, Part VI, Section B, Line 15

The process for determining compensation for these individuals includes all of these elements: 1) review and approval by the board of directors or compensation committee of the organization; 2) use of data as to comparable compensation; and 3) contemporaneous documentation and recordkeeping.

Form 990, Part VI, Section C, Line 18

The organization's form 1023 and form 990 are available upon request. Additionally, form 990 is available on guidestar.org.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

EIN
51-0345748
Phone
3027650191

Signing Officer

Name
Larry D Henderson
Title
Executive Director
Phone
3027650191
Signed
2015-06-30

Organization Details

Principal Officer
Larry D Henderson
Formed
1993
Legal Domicile
De
Voting Board Members
5
Independent Board Members
5
Employees
16
Volunteers
2

Preparer

Preparer
Jeffrey a Kowalczyk CPA
Phone
3024788940
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

General consulting: program service expenses 33,600. Management and general expenses 6,400. Fundraising expenses 0. Total expenses 40,000. It consulting: program service expenses 25,672. Management and general expenses 4,890. Fundraising expenses 0. Total expenses 30,562. Other: program service expenses 6,896. Management and general expenses 1,314. Fundraising expenses 0. Total expenses 8,210.

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from federal income tax under section 501(c)(3) of the internal revenue code. However, income from certain activities not directly related to the organization's tax-exempt purpose may be subject to taxation as unrelated business income. Generally accepted accounting principles prescribe rules for the recognition, measurement, classification and disclosure in the financial statements of uncertain tax positions taken or expected to be taken in the organization's tax returns. Management has determined that the organization does not have any uncertain tax positions or associated unrecognized benefits that materially impact the financial statements or related disclosures. Since tax matters are subject to some degree of uncertainty, there can be no assurance that the organization's tax returns will not be challenged by the taxing authorities and that the organization will not be subject to additional tax, penalties and interest as a result of such challenge. Income tax returns of the organization for 2012, 2013 and 2014 are subject to examination by tax authorities, generally for three years after they were filed.

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IRS990ScheduleD/EquipmentGrp/BookValueAmt04691
IRS990ScheduleD/EquipmentGrp/DepreciationAmt090889
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PRESCRIBE RULES FOR THE RECOGNITION, MEASUREMENT, CLASSIFICATION AND DISCLOSURE IN THE FINANCIAL STATEMENTS OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE ORGANIZATION'S TAX RETURNS. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS OR ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. SINCE TAX MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE ORGANIZATION'S TAX RETURNS WILL NOT BE CHALLENGED BY THE TAXING AUTHORITIES AND THAT THE ORGANIZATION WILL NOT BE SUBJECT TO ADDITIONAL TAX, PENALTIES AND INTEREST AS A RESULT OF SUCH CHALLENGE. INCOME TAX RETURNS OF THE ORGANIZATION FOR 2012, 2013 AND 2014 ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PROVIDED ELECTRONICALLY TO THE GOVERNING BOARD FOR REVIEW AND APPROVAL PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WHEN THE CHAIRMAN OF THE BOARD OF DIRECTORS DISCOVERS A POTENTIAL CONFLICT OF INTEREST, THE CHAIRMAN DETERMINES WHETHER TO TAKE NO ACTION, DISCLOSE THE ISSUE TO THE FULL BOARD OF DIRECTORS, ASK THE APPLICABLE PERSON TO RECUSE FROM PARTICIPATION IN RELATED DISCUSSIONS OR DECISIONS WITHIN THE ORGANIZATION, OR ASK THE APPLICABLE PERSON TO RESIGN FROM HIS OR HER POSITION WITHIN THE ORGANIZATION. THE ORGANIZATION'S CHIEF EMPLOYED EXECUTIVE AND CHIEF EMPLOYED FINANCE EXECUTIVE WILL MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND DISCLOSE THEM TO THE CHAIRMAN OF THE BOARD OF DIRECTORS IN ORDER TO DEAL WITH POTENTIAL OR ACTUAL CONFLICTS, WHETHER DISCOVERED BEFORE OR AFTER THE TRANSACTIONS HAVE OCCURRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROCESS FOR DETERMINING COMPENSATION FOR THESE INDIVIDUALS INCLUDES ALL OF THESE ELEMENTS: 1) REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS OR COMPENSATION COMMITTEE OF THE ORGANIZATION; 2) USE OF DATA AS TO COMPARABLE COMPENSATION; AND 3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S FORM 1023 AND FORM 990 ARE AVAILABLE UPON REQUEST. ADDITIONALLY, FORM 990 IS AVAILABLE ON GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GENERAL CONSULTING: PROGRAM SERVICE EXPENSES 33,600. MANAGEMENT AND GENERAL EXPENSES 6,400. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 40,000. IT CONSULTING: PROGRAM SERVICE EXPENSES 25,672. MANAGEMENT AND GENERAL EXPENSES 4,890. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30,562. OTHER: PROGRAM SERVICE EXPENSES 6,896. MANAGEMENT AND GENERAL EXPENSES 1,314. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,210.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/USAddress/State0DE
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ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/PersonNm0LARRY D HENDERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03027650191
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-06-30
ReturnHeader/Filer/BusinessName/BusinessNameLine10INDEPENDENT RESOURCES INC
ReturnHeader/Filer/BusinessNameControlTxt0INDE
ReturnHeader/Filer/EIN0510345748
ReturnHeader/Filer/PhoneNum03027650191
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ReturnHeader/Filer/USAddress/ZIPCode0198093444
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0510229493
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10BARBACANE THORNTON & COMPANY LLP

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