Civic Intelligence

International Foundation for Retirement Education

990 • Fiscal year 2018 • EIN 52-2069006

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 13, 2019

PO Box 524Barrington, IL 60011

(847) 382-9032

Siviq Scores

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

Liabilities / Assets

47th percentile

0.02x

Higher debt load relative to assets than 47% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

48th percentile

0.03x

Higher debt load relative to revenue than 48% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

20th percentile

-11%

Higher net margin than 20% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

94th percentile

$149,961

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 36.4% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

12th percentile

-15%

Faster asset growth than 12% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

12th percentile

-26%

Faster revenue growth than 12% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$505,093

Down $88,567 (-15%) from 2017

Net Assets

Down

$493,512

Down $93,748 (-16%) from 2017

Liabilities

Up

$11,581

Up $5,181 (+81%) from 2017

Revenue

Down

$412,234

Down $148,220 (-26%) from 2017

Expenses

Down

$457,787

Down $92,337 (-17%) from 2017

Net Income

Down

-$45,553

Down $55,883 (-541%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2010: $491,238Liabilities 2010: $673,565Net Assets 2010: -$182,3272010Assets 2011: $488,741Liabilities 2011: $875,878Net Assets 2011: -$387,1372011Assets 2012: $442,858Liabilities 2012: $56,579Net Assets 2012: $386,2792012Assets 2013: $450,074Liabilities 2013: $76,992Net Assets 2013: $373,0822013Assets 2015: $559,004Liabilities 2015: $62,235Net Assets 2015: $496,7692015Assets 2016: $607,382Liabilities 2016: $30,452Net Assets 2016: $576,9302016Assets 2017: $593,660Liabilities 2017: $6,400Net Assets 2017: $587,2602017Assets 2018: $505,093Liabilities 2018: $11,581Net Assets 2018: $493,5122018Assets 2019: $488,651Liabilities 2019: $16,610Net Assets 2019: $472,0412019Assets 2020: $468,746Liabilities 2020: $16,492Net Assets 2020: $452,2542020Assets 2021: $488,873Liabilities 2021: $21,170Net Assets 2021: $467,7032021Assets 2022: $450,786Liabilities 2022: $17,399Net Assets 2022: $433,3872022Assets 2023: $387,263Liabilities 2023: $7,090Net Assets 2023: $380,1732023Assets 2024: $343,061Liabilities 2024: $5,332Net Assets 2024: $337,7292024

Highlighted filing

2018

Assets$505,093
Liabilities$11,581
Net Assets$493,512

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $578,1152010Expenses 2011: $625,5352011Expenses 2012: $733,1042012Revenue 2013: $575,085Expenses 2013: $588,282Net Income 2013: -$13,1972013Revenue 2015: $689,333Expenses 2015: $553,696Net Income 2015: $135,6372015Revenue 2016: $593,698Expenses 2016: $513,537Net Income 2016: $80,1612016Revenue 2017: $560,454Expenses 2017: $550,124Net Income 2017: $10,3302017Revenue 2018: $412,234Expenses 2018: $457,787Net Income 2018: -$45,5532018Revenue 2019: $433,923Expenses 2019: $455,394Net Income 2019: -$21,4712019Revenue 2020: $390,659Expenses 2020: $410,446Net Income 2020: -$19,7872020Revenue 2021: $445,396Expenses 2021: $429,947Net Income 2021: $15,4492021Revenue 2022: $351,292Expenses 2022: $385,608Net Income 2022: -$34,3162022Revenue 2023: $286,902Expenses 2023: $340,112Net Income 2023: -$53,2102023Revenue 2024: $317,314Expenses 2024: $359,757Net Income 2024: -$42,4432024

Highlighted filing

2018

Revenue$412,234
Expenses$457,787
Net Income-$45,553
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 13, 2019
Return Version
2018v3.1
Gross Receipts
$412,234
Mission and Program Overview

Mission

INFRE provides professional certification and education programs to better equip the retirement professional to assist the American worker achieve retirement security.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$339,417$269,675▼ $69,742
Cash and Non-Interest-Bearing Accounts$152,653$191,835▲ $39,182
Prepaid Expenses and Deferred Charges$23,752$21,734▼ $2,018
Accounts Receivable$66,650$17,909▼ $48,741
Inventories for Sale or Use$8,872$2,558▼ $6,314
Land, Buildings, and Equipment, Net$2,315$1,382▼ $933
Savings and Temporary Cash Investments-$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-
Total Assets$593,660$505,093▼ $88,567
Other Assets Total$1$0▼ $1
Liabilities
Accounts Payable and Accrued Expenses$6,365$11,580▲ $5,215
Other Liabilities$35$1▼ $34
Total Liabilities$6,400$11,581▲ $5,181
Net Assets / Fund Balance
Unrestricted Net Assets$587,260$493,512▼ $93,748
Total Net Assets Fund Balance$587,260$493,512▼ $93,748
Total Liabilities and Net Assets / Fund Balance$593,660$505,093▼ $88,567

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,382$23,344$24,726
Other Land Buildings-$13,502$13,502
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Kevin SeibertManaging Director$130,000$19,961$149,961

Board Members and Trustees

NameTitle
Ralph MarshVice President
Jay WilkinsonBoard of Gov
Roderick CraneBoard of Gov
Sandy BlairBoard of Gov
William GustafsonBoard of Gov
Cathie EitelbergDirector
Richard ReillyVC & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$412,145
Investment Income
$89
Other Revenue
$0
Change in Net Assets
$-45,553

Audited Revenue Reconciliation

Revenue per Audited Statements
$412,234
Total Revenue per Audited Statements
$412,234
Total Revenue per Form 990
$412,234
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$271,244
Other Expenses$186,543
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$198,090$35,428-$233,518
Depreciation Depletion-$22,483-$22,483
Other Employee Benefits$9,981$9,980-$19,961
Payroll Taxes$8,883$8,882-$17,765
All Other Expenses$13,824$546-$14,370
Fees for Services Other$10,101--$10,101
Travel$9,108--$9,108
Advertising$8,292--$8,292
Insurance$6,414$1,147-$7,561
Other Expenses$6,858--$6,858
Office Expenses-$3,039-$3,039
Conferences and Meetings$1,912--$1,912
Total Functional Expenses$376,282$81,505$0$457,787

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$457,787
Total Expenses per Audited Statements$457,787
Total Expenses per Form 990$457,787
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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 11B: Form 990 Review Process

The tax return was e-mailed to a subset of the board members for their review.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Annually all board members are required to disclose all potential conflicts of interest and at the next available board meeting all potential conflicts of interest are reviewed by the whole board.

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

Available upon request.

Filing and Contact Details

Filer

Filer Name
International Foundation for
EIN
52-2069006
Phone
8473829032
Address
PO Box 524, Barrington, IL 60011

Signing Officer

Name
Kevin Seibert
Title
Executive Director
Signed
2019-08-13
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
4
Volunteers
10

Preparer

Firm
Gary Bowers & Miller
Address
5235 79th Street, Lubbock, TX 79424
Preparer
Eric Miller
Phone
8067949955
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Correction of amortizable useful lives = -$48195

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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08882
IRS990/PayrollTaxesGrp/ProgramServicesAmt08883
IRS990/PayrollTaxesGrp/TotalAmt017765
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt023752
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021734
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Consulting/Other Rev
IRS990/ProgramServiceRevenueGrp/Desc1Program Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04469
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1407676
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04469
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1407676
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt025000
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0263
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0277877
IRS990/PYProgramServiceRevenueAmt0535191
IRS990/PYRevenuesLessExpensesAmt010330
IRS990/PYSalariesCompEmpBnftPaidAmt0272247
IRS990/PYTotalExpensesAmt0550124
IRS990/PYTotalRevenueAmt0560454
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-45553
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt025000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt025000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0235000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt070000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0355000
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0412234
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0535454
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0568698
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0454323
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0468771
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02439480
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt02794480
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0412234
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0560454
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0593698
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0689323
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0538771
IRS990ScheduleA/Total509Grp/TotalAmt02794480
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0412234
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0560454
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0593698
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0689323
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0538771
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02794480
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt01382
IRS990ScheduleD/EquipmentGrp/DepreciationAmt023344
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024726
IRS990ScheduleD/ExpensesSubtotalAmt0457787
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt013502
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt013502
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Rounding
IRS990ScheduleD/RevenueSubtotalAmt0412234
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01382
IRS990ScheduleD/TotalExpensesPerForm990Amt0457787
IRS990ScheduleD/TotalLiabilityAmt01
IRS990ScheduleD/TotalRevenuePerForm990Amt0412234
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0412234
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0457787
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0130000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt019961
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Kevin Seibert
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Managing Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0149961
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The tax return was e-mailed to a subset of the board members for their review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Annually all board members are required to disclose all potential conflicts of interest and at the next available board meeting all potential conflicts of interest are reviewed by the whole board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CORRECTION OF AMORTIZABLE USEFUL LIVES = -$48195
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0593660
IRS990/TotalAssetsEOYAmt0505093
IRS990/TotalAssetsGrp/BOYAmt0593660
IRS990/TotalAssetsGrp/EOYAmt0505093
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.43$0.05$3.38$3.17$3.60$0.42
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.87$0.07$3.80$2.87$3.40$0.53
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.51$0.17$4.33$3.51$3.86$0.34
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.89$0.21$4.68$4.45$4.30$0.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.69$0.16$4.52$3.91$4.10$0.20
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.89$0.17$4.72$4.34$4.55$0.21
2018Detailed filing. Detailed filing data is available for this year.$5.05$0.12$4.94$4.12$4.58$0.46
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.94$0.06$5.87$5.60$5.50$0.10
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.07$0.30$5.77$5.94$5.14$0.80
2015Detailed filing. Detailed filing data is available for this year.$5.59$0.62$4.97$6.89$5.54$1.36
2013Detailed filing. Detailed filing data is available for this year.$4.50$0.77$3.73$5.75$5.88$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.43$0.57$3.86$7.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.89$8.76$3.87$6.26
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.91$6.74$1.82$5.78