Civic Intelligence

Iraq Poultry Fund Trust

990 • Fiscal year 2014 • EIN 57-6221223

Oct 01, 2013 to Sep 30, 2014 • Filed on Apr 11, 2015

20 F Street NW No 60020001

(202) 789-0789

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.03x

Higher debt load relative to assets than 33% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

99th percentile

22.08x

Higher debt load relative to revenue than 99% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

1st percentile

-5962%

Higher net margin than 1% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

21st percentile

-4.6%

Faster asset growth than 21% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M 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

$3,174,640

Down $152,893 (-4.6%) from 2013

Net Assets

Down

$3,084,695

Down $242,838 (-7.3%) from 2013

Liabilities

Up

$89,945

Up $89,945 from 2013

Revenue

$4,073

No earlier filing loaded for comparison.

Expenses

Up

$246,911

Up $225,283 (+1042%) from 2013

Net Income

-$242,838

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.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $3,437,287Liabilities 2010: $3,437,287Net Assets 2010: $02010Assets 2011: $3,398,963Liabilities 2011: $3,398,963Net Assets 2011: $02011Assets 2012: $3,353,968Liabilities 2012: $3,353,968Net Assets 2012: $02012Assets 2013: $3,327,533Liabilities 2013: $0Net Assets 2013: $3,327,5332013Assets 2014: $3,174,640Liabilities 2014: $89,945Net Assets 2014: $3,084,6952014Assets 2015: $2,715,488Liabilities 2015: $166,455Net Assets 2015: $2,549,0332015Assets 2016: $1,509,462Liabilities 2016: $145,277Net Assets 2016: $1,364,1852016Assets 2017: $693,764Liabilities 2017: $136,838Net Assets 2017: $556,9262017Assets 2018: $228,148Liabilities 2018: $74,596Net Assets 2018: $153,5522018Assets 2019: $48,552Liabilities 2019: $0Net Assets 2019: $48,5522019Assets 2020: $18,035Liabilities 2020: $16,955Net Assets 2020: $1,0802020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2014

Assets$3,174,640
Liabilities$89,945
Net Assets$3,084,695

Operations Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2010: $50,4082010Expenses 2011: $39,2602011Expenses 2012: $56,5302012Expenses 2013: $21,6282013Revenue 2014: $4,073Expenses 2014: $246,911Net Income 2014: -$242,8382014Revenue 2015: $4,771Expenses 2015: $540,433Net Income 2015: -$535,6622015Revenue 2016: $3,866Expenses 2016: $1,188,714Net Income 2016: -$1,184,8482016Revenue 2017: $2,424Expenses 2017: $809,683Net Income 2017: -$807,2592017Revenue 2018: $944Expenses 2018: $404,318Net Income 2018: -$403,3742018Revenue 2019: $45Expenses 2019: $105,045Net Income 2019: -$105,0002019Revenue 2020: $0Expenses 2020: $47,472Net Income 2020: -$47,4722020Revenue 2021: $0Expenses 2021: $1,080Net Income 2021: -$1,0802021

Highlighted filing

2014

Revenue$4,073
Expenses$246,911
Net Income-$242,838
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Apr 11, 2015
Return Version
2013v4.0
Gross Receipts
$4,073
Mission and Program Overview

Mission

To build the poultry and poultry feed industries in tanzania (formerly iraq).

To guarantee loans made to poultry producers to finance their imports of us - grown grains and feedstuffs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,322,099$2,799,219▼ $522,880
Cash and Non-Interest-Bearing Accounts$5,408$250,025▲ $244,617
Accounts Receivable$26$125,396▲ $125,370
Total Assets$3,327,533$3,174,640▼ $152,893
Liabilities
Accounts Payable and Accrued Expenses-$89,945-
Total Liabilities$0$89,945▲ $89,945
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,327,533$3,084,695▼ $242,838
Total Net Assets Fund Balance$3,327,533$3,084,695▼ $242,838
Total Liabilities and Net Assets / Fund Balance$3,327,533$3,174,640▼ $152,893

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$3,327,533-▲ $4,073-$3,084,695
2012$3,345,816-▲ $3,345-$3,327,533
Compensation and Service Providers

Board Members and Trustees

NameTitle
Alan TiemannTrustee
Ken GreenTrustee
Phillip Councell JrTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$4,073
Other Revenue
$0
Change in Net Assets
$-242,838

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,073
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,073
Total Revenue per Form 990
$4,073
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$246,911
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$38,076--$38,076
Fees for Services Other$36,180--$36,180
Insurance$18,964--$18,964
Fees for Services Legal$14,430--$14,430
Fees for Services Accounting$1,000$4,300-$5,300
Office Expenses$2,719--$2,719
Other Expenses$2,123$361-$2,484
All Other Expenses$1,459--$1,459
Occupancy$668--$668
Information Technology$483--$483
Total Functional Expenses$242,250$4,661$0$246,911

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$246,911
Total Expenses per Audited Statements$246,911
Total Expenses per Form 990$246,911
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
1
Employees
4
Spending
$74,180

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-saharan AfricaProgram ServicesAdministering Food for Progress Program14$74,180
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
Audit committee
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
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 reviewed by the director of finance and administration prior to filing.

Form 990, Part VI, Section C, Line 19

All governing documents and financial statements are made available to the public upon verbal or written request.

Form 990. Part VI, Line 12A

Conflict of interest policy the trust does not have a personalized written conflict of interest policy, rather the trust follows the established policy of the u.s. Grains council, its parent organization.

Form 990. Part VI, Line 13

Whistleblower policy the trust does not have a personalized written whistlebolwer policy, rather the trust follows the established policy of the u.s. Grains council, its parent organization.

Form 990. Part VI, Line 14

Document retention and destruction policy the trust does not have a personalized written document retention and destruction policy, rather the trust follows the established policy of the u.s. Grains council, its parent organization.

Filing and Contact Details

Filer

EIN
57-6221223
Phone
2027890789

Signing Officer

Name
Helen Elmore
Title
Director - Finance
Phone
2027890789
Signed
2015-04-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Helen Elmore
Formed
2006
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Preparer
Andrew Young CPA
Phone
7035351200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other fees-progserv-990 : program service expenses 36,180. Management and general expenses 0. Fundraising expenses 0. Total expenses 36,180.

Form 990. Part XII, Line 2C

Audit committee oversight the audit committee of the u.s. Grains council, the trust's parent organization is responsible for the selection of independent auditors and oversight of the trust's independent audit.

Financial Statement Notes

PART V, LINE 4:

The trust maintains temporarily restricted net assets in relation to the funding it has received to administer the food for progress program from the united states department of agriculture.

PART X, LINE 2:

The trust's business income tax return (form 990) for 2011, 2012, and 2013 are subject to examination by the internal revenue service (irs), generally for three years after they are filed.

Raw XML Appendix385 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TRUST MAINTAINS TEMPORARILY RESTRICTED NET ASSETS IN RELATION TO THE FUNDING IT HAS RECEIVED TO ADMINISTER THE FOOD FOR PROGRESS PROGRAM FROM THE UNITED STATES DEPARTMENT OF AGRICULTURE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE TRUST'S BUSINESS INCOME TAX RETURN (FORM 990) FOR 2011, 2012, AND 2013 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS), GENERALLY FOR THREE YEARS AFTER THEY ARE FILED.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE DIRECTOR OF FINANCE AND ADMINISTRATION PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON VERBAL OR WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OTHER FEES-PROGSERV-990 : PROGRAM SERVICE EXPENSES 36,180. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 36,180.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFLICT OF INTEREST POLICY THE TRUST DOES NOT HAVE A PERSONALIZED WRITTEN CONFLICT OF INTEREST POLICY, RATHER THE TRUST FOLLOWS THE ESTABLISHED POLICY OF THE U.S. GRAINS COUNCIL, ITS PARENT ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4WHISTLEBLOWER POLICY THE TRUST DOES NOT HAVE A PERSONALIZED WRITTEN WHISTLEBOLWER POLICY, RATHER THE TRUST FOLLOWS THE ESTABLISHED POLICY OF THE U.S. GRAINS COUNCIL, ITS PARENT ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENT RETENTION AND DESTRUCTION POLICY THE TRUST DOES NOT HAVE A PERSONALIZED WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY, RATHER THE TRUST FOLLOWS THE ESTABLISHED POLICY OF THE U.S. GRAINS COUNCIL, ITS PARENT ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AUDIT COMMITTEE OVERSIGHT THE AUDIT COMMITTEE OF THE U.S. GRAINS COUNCIL, THE TRUST'S PARENT ORGANIZATION IS RESPONSIBLE FOR THE SELECTION OF INDEPENDENT AUDITORS AND OVERSIGHT OF THE TRUST'S INDEPENDENT AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990. PART VI, LINE 12A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990. PART VI, LINE 13
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990. PART VI, LINE 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990. PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10US GRAINS COUNCIL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0500260714
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0DC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0MARKET DEVELOPMENT FOR UTILIZATION OF FEED GRAINS AND RELATED PRODUCTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1020 F STREET NW SUITE 600
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0WASHINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0DC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode020001
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt03327533
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt03084695
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03327533
IRS990/TotalAssetsEOYAmt03174640
IRS990/TotalAssetsGrp/BOYAmt03327533
IRS990/TotalAssetsGrp/EOYAmt03174640
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04661
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0242250
IRS990/TotalFunctionalExpensesGrp/TotalAmt0246911
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt089945
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt089945
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03327533
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03084695
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0242250
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt04073
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04073
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03327533
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03174640
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt038076
IRS990/TravelGrp/TotalAmt038076
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1020 F STREET NW NO 600
IRS990/USAddress/City0WASHINGTON
IRS990/USAddress/State0DC
IRS990/USAddress/ZIPCode020001
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0HELEN ELMORE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR - FINANCE
ReturnHeader/BusinessOfficerGrp/PhoneNum02027890789
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-04-11
ReturnHeader/Filer/BusinessName/BusinessNameLine10IRAQ POULTRY FUND TRUST
ReturnHeader/Filer/BusinessNameControlTxt0IRAQ
ReturnHeader/Filer/EIN0576221223
ReturnHeader/Filer/PhoneNum02027890789
ReturnHeader/Filer/USAddress/AddressLine1020 F STREET NW NO 600
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ReturnHeader/Filer/USAddress/State0DC
ReturnHeader/Filer/USAddress/ZIPCode020001
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0541498950
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10RENNER AND COMPANY CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10700 NORTH FAIRFAX ST SUITE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0ALEXANDRIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode022314
ReturnHeader/PreparerPersonGrp/PhoneNum07035351200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANDREW YOUNG CPA
ReturnHeader/ReturnTs02015-04-24T12:30:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-10-01
ReturnHeader/TaxPeriodEndDt02014-09-30
ReturnHeader/TaxYr02013

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