Civic Intelligence

International Foundation for Retirement Education

990 • Fiscal year 2021 • EIN 52-2069006

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 22, 2022

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

72nd percentile

0.04x

Higher debt load relative to assets than 72% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

74th percentile

0.05x

Higher debt load relative to revenue than 74% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

42nd percentile

3.5%

Higher net margin than 42% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

99th percentile

$144,556

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 32.5% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

48th percentile

4.3%

Faster asset growth than 48% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

58th percentile

14%

Faster revenue growth than 58% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$488,873

Up $20,127 (+4.3%) from 2020

Net Assets

Up

$467,703

Up $15,449 (+3.4%) from 2020

Liabilities

Up

$21,170

Up $4,678 (+28%) from 2020

Revenue

Up

$445,396

Up $54,737 (+14%) from 2020

Expenses

Up

$429,947

Up $19,501 (+4.8%) from 2020

Net Income

Up

$15,449

Up $35,236 (+178%) from 2020

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

2021

Assets$488,873
Liabilities$21,170
Net Assets$467,703

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

2021

Revenue$445,396
Expenses$429,947
Net Income$15,449
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 22, 2022
Return Version
2021v4.0
Gross Receipts
$445,396
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$263,004$259,613▼ $3,391
Cash and Non-Interest-Bearing Accounts$149,028$189,971▲ $40,943
Prepaid Expenses and Deferred Charges$22,406$20,938▼ $1,468
Accounts Receivable$31,767$16,820▼ $14,947
Inventories for Sale or Use$2,044$1,366▼ $678
Land, Buildings, and Equipment, Net$497$165▼ $332
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$468,746$488,873▲ $20,127
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$16,492$21,170▲ $4,678
Total Liabilities$16,492$21,170▲ $4,678
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$452,254$467,703▲ $15,449
Total Net Assets Fund Balance$452,254$467,703▲ $15,449
Total Liabilities and Net Assets / Fund Balance$468,746$488,873▲ $20,127

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$165$24,561$24,726
Other Land Buildings-$13,502$13,502
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin SeibertManaging DirectorFT$120,000$24,556$144,556

Board Members and Trustees

NameTitle
Ralph MarshChairman
Cathie EitelbergBoard of Gov
Denise ApplebyBoard of Gov
Matthew PetersenBoard of Gov
Roderick CraneBoard of Gov
William GustafsonBoard of Gov
Richard ReillyVC & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$42,010
Program Service Revenue
$403,363
Investment Income
$23
Other Revenue
$0
Change in Net Assets
$15,449

Audited Revenue Reconciliation

Revenue per Audited Statements
$445,396
Total Revenue per Audited Statements
$445,396
Total Revenue per Form 990
$445,396
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$224,556
Other Expenses$205,391
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$122,978$21,588-$144,566
Other Salaries and Wages$68,045$11,945-$79,990
All Other Expenses$31,593$517-$32,110
Depreciation Depletion$15,799--$15,799
Other Expenses$11,063$1,229-$12,292
Advertising$9,058--$9,058
Insurance$5,796$1,017-$6,813
Office Expenses$2,663$665-$3,328
Interest-$1-$1
Total Functional Expenses$385,474$44,473$0$429,947

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$429,947
Total Expenses per Audited Statements$429,947
Total Expenses per Form 990$429,947
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
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
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
2022-07-22
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 & Company
Address
5235 79th Street, Lubbock, TX 79424
Preparer
Eric Miller
Phone
8067949955
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IRS990/Desc0InFRE continues to advance the recognition among retirement planning professionals of the need for training, continuing education, and a code of professional ethics. The Certified Retirement Counselor (CRC) certification program content and continuing education courses are updated annually and made relevant to the profession by subject matter experts. The CRC is independently accredited by the National Commission for Certifying Agencies and InFRE relies on outside consulting services to maintain rigorous accreditation standards related to updating the comprehensive CRC examination, recertification requirements, governance and other policies and procedures. Accreditation must be renewed every 5 years by submitting a detailed application. InFRE maintains a database of CRC certificants and candidates that meets up-to-date technology and communication requirements.
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04879
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1398484
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04879
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1398484
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt042010
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt036
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0145703
IRS990/PYProgramServiceRevenueAmt0348613
IRS990/PYRevenuesLessExpensesAmt0-19787
IRS990/PYSalariesCompEmpBnftPaidAmt0264743
IRS990/PYTotalExpensesAmt0410446
IRS990/PYTotalRevenueAmt0390659
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt015449
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt042010
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt042010
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt025000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0109020
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0445396
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0390659
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0433923
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0412234
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0535454
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02217666
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt02326686
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0487406
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0432669
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0433923
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0412234
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0560454
IRS990ScheduleA/Total509Grp/TotalAmt02326686
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0487406
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0432669
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0433923
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0412234
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0560454
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02326686
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0165
IRS990ScheduleD/EquipmentGrp/DepreciationAmt024561
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024726
IRS990ScheduleD/ExpensesSubtotalAmt0429947
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt013502
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt013502
IRS990ScheduleD/RevenueSubtotalAmt0445396
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0165
IRS990ScheduleD/TotalExpensesPerForm990Amt0429947
IRS990ScheduleD/TotalRevenuePerForm990Amt0445396
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0445396
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0429947
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0120000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt024556
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Kevin Seibert
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Managing Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0144556
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/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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0468746
IRS990/TotalAssetsEOYAmt0488873
IRS990/TotalAssetsGrp/BOYAmt0468746
IRS990/TotalAssetsGrp/EOYAmt0488873
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt042010
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt044473
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0385474
IRS990/TotalFunctionalExpensesGrp/TotalAmt0429947
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016492
IRS990/TotalLiabilitiesEOYAmt021170
IRS990/TotalLiabilitiesGrp/BOYAmt016492
IRS990/TotalLiabilitiesGrp/EOYAmt021170
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0452254
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0467703
IRS990/TotalOtherCompensationAmt024556
IRS990/TotalProgramServiceExpensesAmt0385474
IRS990/TotalProgramServiceRevenueAmt0403363
IRS990/TotalReportableCompFromOrgAmt0120000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0403386
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0445396
IRS990/TotalVolunteersCnt010

Document Assets

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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
2021Detailed filing. Detailed filing data is available for this year.$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
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$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
Peer Organizations

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