Civic Intelligence

Idea Foundation

990 • Fiscal year 2015 • EIN 57-1233645

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 11, 2016

Organization ProfileTHEIDEAFOUNDATION.ORG
600 17th Street Ste 2800 SouthDenver, CO 80202

(303) 260-6411

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$9,022

Down $15,171 (-63%) from 2014

Net Assets

Down

$7,064

Down $11,181 (-61%) from 2014

Liabilities

Down

$1,958

Down $3,990 (-67%) from 2014

Revenue And Expenses

Revenue

Down

$49,286

Down $46,847 (-49%) from 2014

Expenses

Down

$60,467

Down $41,979 (-41%) from 2014

Net Income

Down

-$11,181

Down $4,868 (-77%) from 2014

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0-$20KAssets 2011: $44,718Liabilities 2011: $2,092Net Assets 2011: $42,6262011Assets 2012: $38,760Liabilities 2012: $1,687Net Assets 2012: $37,0732012Assets 2013: $25,630Liabilities 2013: $1,072Net Assets 2013: $24,5582013Assets 2014: $24,193Liabilities 2014: $5,948Net Assets 2014: $18,2452014Assets 2015: $9,022Liabilities 2015: $1,958Net Assets 2015: $7,0642015Assets 2016: $1,503Liabilities 2016: $18,128Net Assets 2016: -$16,6252016

Highlighted filing

2015

Assets$9,022
Liabilities$1,958
Net Assets$7,064
Open 2015 Filing

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $481,536Expenses 2011: $443,084Net Income 2011: $38,4522011Revenue 2012: $85,583Expenses 2012: $91,136Net Income 2012: -$5,5532012Revenue 2013: $83,350Expenses 2013: $94,996Net Income 2013: -$11,6462013Revenue 2014: $96,133Expenses 2014: $102,446Net Income 2014: -$6,3132014Revenue 2015: $49,286Expenses 2015: $60,467Net Income 2015: -$11,1812015Revenue 2016: $40,081Expenses 2016: $62,802Net Income 2016: -$22,7212016

Highlighted filing

2015

Revenue$49,286
Expenses$60,467
Net Income-$11,181
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 11, 2016
Return Version
2015v2.1
Gross Receipts
$55,066
Mission and Program Overview

Mission

To promote long-term welfare and self-sufficiency through cost effective education, economic development and social service projects in developing and at risk areas.

To promote long-term welfare and self-sufficiency in third world countries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$18,245$7,064▼ $11,181
Savings and Temporary Cash Investments$9,658$4,059▼ $5,599
Accounts Receivable-$3,420-
Cash and Non-Interest-Bearing Accounts$13,476$964▼ $12,512
Land, Buildings, and Equipment, Net$1,059$579▼ $480
Total Assets$24,193$9,022▼ $15,171
Liabilities
Accounts Payable and Accrued Expenses$5,948$1,958▼ $3,990
Total Liabilities$5,948$1,958▼ $3,990
Net Assets / Fund Balance
Total Net Assets Fund Balance$18,245$7,064▼ $11,181
Total Liabilities and Net Assets / Fund Balance$24,193$9,022▼ $15,171

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$579$4,006$4,585
Other Land Buildings-$590$590
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jennifer SeabornExecutive DiFT$24,750$24,750

Board Members and Trustees

NameTitle
Elizabeth SeabornPresident/di
David GrossmanDirector
Edward LysenDirector
James WisniewskiDirector
Kris TotzkeDirector
Lisa PoolDirector
Roy VokeyDirector
Richard MinerSecretary/di
Christi BandlamudiTreas/direct
Crispin ReedyVice Pres /
Revenue and Support

Revenue Composition

Contributions and Grants
$52,226
Program Service Revenue
$0
Investment Income
$1
Other Revenue
$-2,941
All Other Contributions
$52,226
Change in Net Assets
$-11,181
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$42,145
Other Expenses$14,222
Grants and Similar Amounts Paid$4,100
Total Fundraising Expense$81
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$22,275$2,475-$24,750
Comp Disqual Persons$12,960$1,440-$14,400
Fees for Services Accounting-$4,220-$4,220
Foreign Grants$4,100--$4,100
Payroll Taxes$2,695$300-$2,995
Office Expenses$921$1,952-$2,873
Occupancy$1,777$444-$2,221
Insurance$1,161$290-$1,451
Other Expenses$886$221-$1,107
Travel$809$202-$1,011
Advertising$452-$57$509
Depreciation Depletion$480--$480
Information Technology$180$21$24$225
Interest-$125-$125
Total Functional Expenses$48,696$11,690$81$60,467
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$5,780
Fundraising Gross Income$2,839
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Jennifer SeabornSee Part VCompensationNo$24,750
Linda TemplinSee Part VCompensationNo$14,400
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
Yes
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, Page 6, Part VI, Line 2

“Richard miner elizabeth seaborn secretary president family relationship jennifer seaborn elizabeth seaborn exec dir president family relationship”

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

“The form 990 is prepared by a third party cpa. Once completed, it is provided to the organization for review. Upon receiving approval, the form 990 is prepared for signature and electronic filing. The form 990 is made available to the board one week prior to the annual meeting for review. The final version of the form 990 is approved at the annual board meeting. It is then filed with the internal revenue service.”

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

“Before board members are elected, there is an exploration as to whether a conflict is likely to arise. If so, disclosure is required upon election. Annually at the board meeting, there is an inquiry of any conflict of interest and documentation of possible conflicts.”

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

“Compensation for the executive director is determined by reviewing outside data such as compensation surveys. The compensation is established and voted on by independent members of the board of directors and the determination is documented in writing by the organization.”

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

“No other officers or key employees are compensated at this time.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request. Additionally, the organization provides a public copy of the form 990 to guidestar.org.”

Filing and Contact Details

Filer

Filer Name
The Idea Foundation
EIN
57-1233645
Phone
3032606411
Address
600 17TH STREET STE 2800 SOUTH, DENVER, CO 80202

Signing Officer

Name
Edward Lysen
Title
Director
Phone
9726256148
Signed
2016-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward Lysen
Formed
2006
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
8
Employees
2
Volunteers
9

Preparer

Firm
Sommerville & Associates Pc
Address
3030 MATLOCK RD STE 201, ARLINGTON, TX 76015-2936
Preparer
Elaine L Sommerville CPA
Phone
8177955046
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IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RICHARD MINER ELIZABETH SEABORN SECRETARY PRESIDENT FAMILY RELATIONSHIP JENNIFER SEABORN ELIZABETH SEABORN EXEC DIR PRESIDENT FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY A THIRD PARTY CPA. ONCE COMPLETED, IT IS PROVIDED TO THE ORGANIZATION FOR REVIEW. UPON RECEIVING APPROVAL, THE FORM 990 IS PREPARED FOR SIGNATURE AND ELECTRONIC FILING. THE FORM 990 IS MADE AVAILABLE TO THE BOARD ONE WEEK PRIOR TO THE ANNUAL MEETING FOR REVIEW. THE FINAL VERSION OF THE FORM 990 IS APPROVED AT THE ANNUAL BOARD MEETING. IT IS THEN FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BEFORE BOARD MEMBERS ARE ELECTED, THERE IS AN EXPLORATION AS TO WHETHER A CONFLICT IS LIKELY TO ARISE. IF SO, DISCLOSURE IS REQUIRED UPON ELECTION. ANNUALLY AT THE BOARD MEETING, THERE IS AN INQUIRY OF ANY CONFLICT OF INTEREST AND DOCUMENTATION OF POSSIBLE CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED BY REVIEWING OUTSIDE DATA SUCH AS COMPENSATION SURVEYS. THE COMPENSATION IS ESTABLISHED AND VOTED ON BY INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS AND THE DETERMINATION IS DOCUMENTED IN WRITING BY THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO OTHER OFFICERS OR KEY EMPLOYEES ARE COMPENSATED AT THIS TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. ADDITIONALLY, THE ORGANIZATION PROVIDES A PUBLIC COPY OF THE FORM 990 TO GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03030 MATLOCK RD STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ARLINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
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ReturnHeader/PreparerPersonGrp/PhoneNum08177955046
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELAINE L SOMMERVILLE CPA
ReturnHeader/ReturnTs02016-11-11T15:03:40-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,022
Liabilities
$1,958
Net assets
$7,064
Revenue
$49,286
Expenses
$60,467
Net income
-$11,181
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$0.02$0.18$0.17$0.40$0.63$0.23
2015Detailed filing. Detailed filing data is available for this year.$0.09$0.02$0.07$0.49$0.60$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.24$0.06$0.18$0.96$1.02$0.06
2013Detailed filing. Detailed filing data is available for this year.$0.26$0.01$0.25$0.83$0.95$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.02$0.37$0.86$0.91$0.06
2011Summary only. Only limited summary data is available for this year.$0.45$0.02$0.43$4.82$4.43$0.38