Civic Intelligence

Independence Place Inc.

990 • Fiscal year 2020 • EIN 61-1184753

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

2358 Nicholasville Road Ste 180Lexington, KY 40503

(859) 266-2807

Siviq Scores

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

Liabilities / Assets

87th percentile

0.47x

Higher debt load relative to assets than 87% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

81st percentile

0.17x

Higher debt load relative to revenue than 81% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

55th percentile

8.5%

Higher net margin than 55% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

93rd percentile

$53,700

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 15.9% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

74th percentile

34%

Faster asset growth than 74% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

59th percentile

-4.6%

Faster revenue growth than 59% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$119,200

Up $30,418 (+34%) from 2019

Net Assets

Up

$63,132

Up $28,662 (+83%) from 2019

Liabilities

Up

$56,068

Up $1,756 (+3.2%) from 2019

Revenue

Down

$338,339

Down $16,268 (-4.6%) from 2019

Expenses

Up

$309,677

Up $11,297 (+3.8%) from 2019

Net Income

Down

$28,662

Down $27,565 (-49%) from 2019

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0-$50KAssets 2010: $60,876Liabilities 2010: $6,148Net Assets 2010: $54,7282010Assets 2011: $45,987Liabilities 2011: $0Net Assets 2011: $45,9872011Assets 2012: $36,823Liabilities 2012: $4,038Net Assets 2012: $32,7852012Assets 2013: $77,171Liabilities 2013: $9,788Net Assets 2013: $67,3832013Assets 2014: $53,981Liabilities 2014: $16,724Net Assets 2014: $37,2572014Assets 2015: $10,194Liabilities 2015: $13,267Net Assets 2015: -$3,0732015Assets 2016: $32,911Liabilities 2016: $45,279Net Assets 2016: -$12,3682016Assets 2017: $81,753Liabilities 2017: $56,611Net Assets 2017: $25,1422017Assets 2018: $68,701Liabilities 2018: $90,458Net Assets 2018: -$21,7572018Assets 2019: $88,782Liabilities 2019: $54,312Net Assets 2019: $34,4702019Assets 2020: $119,200Liabilities 2020: $56,068Net Assets 2020: $63,1322020Assets 2021: $153,575Liabilities 2021: $34,538Net Assets 2021: $119,0372021Assets 2022: $112,054Liabilities 2022: $16,174Net Assets 2022: $95,8802022Assets 2023: $134,759Liabilities 2023: $10,343Net Assets 2023: $124,4162023

Highlighted filing

2020

Assets$119,200
Liabilities$56,068
Net Assets$63,132

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $330,9902010Expenses 2011: $390,4462011Expenses 2012: $385,1122012Revenue 2013: $354,684Expenses 2013: $320,086Net Income 2013: $34,5982013Revenue 2014: $468,277Expenses 2014: $498,403Net Income 2014: -$30,1262014Revenue 2015: $349,029Expenses 2015: $389,359Net Income 2015: -$40,3302015Revenue 2016: $272,591Expenses 2016: $281,886Net Income 2016: -$9,2952016Revenue 2017: $370,824Expenses 2017: $333,314Net Income 2017: $37,5102017Revenue 2018: $255,350Expenses 2018: $302,249Net Income 2018: -$46,8992018Revenue 2019: $354,607Expenses 2019: $298,380Net Income 2019: $56,2272019Revenue 2020: $338,339Expenses 2020: $309,677Net Income 2020: $28,6622020Revenue 2021: $385,630Expenses 2021: $329,725Net Income 2021: $55,9052021Revenue 2022: $437,994Expenses 2022: $461,151Net Income 2022: -$23,1572022Revenue 2023: $493,501Expenses 2023: $464,965Net Income 2023: $28,5362023

Highlighted filing

2020

Revenue$338,339
Expenses$309,677
Net Income$28,662
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$338,339
Mission and Program Overview

Mission

Independence place, inc. Is a consumer-controlled community-based, cross- disability, nonresidential, private nonprofit agency that is designed and operated within a local community by individuals with disabilities and that provide an array of independent living services. Independence place's mission is to assist people with disabilities to achieve their full potential for community inclusion through improving access, choice, and equal opportunity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$49,287$98,709▲ $49,422
Accounts Receivable$37,841$20,491▼ $17,350
Prepaid Expenses and Deferred Charges$1,654--
Total Assets$88,782$119,200▲ $30,418
Liabilities
Unsecured Notes Loans Payable$48,124$43,900▼ $4,224
Accounts Payable and Accrued Expenses$6,188$10,118▲ $3,930
Deferred Revenue-$2,050-
Total Liabilities$54,312$56,068▲ $1,756
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$34,470$63,132▲ $28,662
Total Net Assets Fund Balance$34,470$63,132▲ $28,662
Total Liabilities and Net Assets / Fund Balance$88,782$119,200▲ $30,418
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Megan ColemanExecutive DiFT$53,700$53,700

Board Members and Trustees

NameTitle
Jason JonesBoard Chair
Sasha RabchevskyVice Chair
Ashley DowneyDirector
Chris RyderDirector
Darrell MattinglyDirector
Duke PettitDirector
Christina Espinoza-bardSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$95,716
Program Service Revenue
$242,623
Investment Income
$0
Other Revenue
$0
All Other Contributions
$806
Change in Net Assets
$28,662
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$238,968
Other Expenses$70,709
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$187,162$33,029-$220,191
Occupancy$20,758$3,663-$24,421
Payroll Taxes$15,960$2,817-$18,777
Fees for Services Other$13,260$2,340-$15,600
Fees for Services Accounting$7,465$1,317-$8,782
Travel$5,022$886-$5,908
Insurance$5,411--$5,411
Interest$1,192$210-$1,402
Fees for Services Legal$696$123-$819
Office Expenses$333$59-$392
Other Expenses$85$15-$100
Total Functional Expenses$264,847$44,830$0$309,677
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
Annual disclosure for covered persons
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
No
CEO compensation reviewed
Yes
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, Page 6, Part VI, Line 11B

The executive committee of the board of directors reviews the form 990 upon completion and delivery by the cpa firm.

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

The policy is reviewed annually for the information and guidance of board members, and that any new board member be advised of the policy upon entering the duties of his/her office. The board chair is authorized and directed to see that this policy is followed.

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

All compensation of officers, directors and key employees is approved by the board.

Form 990, Page 6, Part VI, Line 19

Documents available upon request

Filing and Contact Details

Filer

Filer Name
Independence Place Inc
EIN
61-1184753
Phone
8592662807
Address
2358 NICHOLASVILLE ROAD STE 180, LEXINGTON, KY 40503

Signing Officer

Name
Megan Coleman
Title
Executive Director
Phone
8592662807
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Megan Coleman
Formed
1990
Legal Domicile
Ky
Voting Board Members
8
Independent Board Members
8
Employees
11

Preparer

Firm
Breeding Henderson & Hord Pllc
Address
1050 MONARCH ST STE 300, LEXINGTON, KY 40513-1877
Preparer
Derrick Rogers
Phone
8592780112
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Independence place, inc. Is a consumer-controlled community-based, cross- disability, nonresidential, private nonprofit agency that is designed and operated within a local community by individuals with disabilities and that provide an array of independent living services. Independence place's mission is to assist people with disabilities to achieve their full potential for community inclusion through improving access, choice, and equal opportunity.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INDEPENDENCE PLACE, INC. IS A CONSUMER-CONTROLLED COMMUNITY-BASED, CROSS- DISABILITY, NONRESIDENTIAL, PRIVATE NONPROFIT AGENCY THAT IS DESIGNED AND OPERATED WITHIN A LOCAL COMMUNITY BY INDIVIDUALS WITH DISABILITIES AND THAT PROVIDE AN ARRAY OF INDEPENDENT LIVING SERVICES. INDEPENDENCE PLACE'S MISSION IS TO ASSIST PEOPLE WITH DISABILITIES TO ACHIEVE THEIR FULL POTENTIAL FOR COMMUNITY INCLUSION THROUGH IMPROVING ACCESS, CHOICE, AND EQUAL OPPORTUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE FORM 990 UPON COMPLETION AND DELIVERY BY THE CPA FIRM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE POLICY IS REVIEWED ANNUALLY FOR THE INFORMATION AND GUIDANCE OF BOARD MEMBERS, AND THAT ANY NEW BOARD MEMBER BE ADVISED OF THE POLICY UPON ENTERING THE DUTIES OF HIS/HER OFFICE. THE BOARD CHAIR IS AUTHORIZED AND DIRECTED TO SEE THAT THIS POLICY IS FOLLOWED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL COMPENSATION OF OFFICERS, DIRECTORS AND KEY EMPLOYEES IS APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0KY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt088782
IRS990/TotalAssetsEOYAmt0119200
IRS990/TotalAssetsGrp/BOYAmt088782
IRS990/TotalAssetsGrp/EOYAmt0119200
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IRS990/TotalContributionsAmt095716
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt044830
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0264847
IRS990/TotalFunctionalExpensesGrp/TotalAmt0309677
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt054312
IRS990/TotalLiabilitiesEOYAmt056068
IRS990/TotalLiabilitiesGrp/BOYAmt054312
IRS990/TotalLiabilitiesGrp/EOYAmt056068
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt034470
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt063132
IRS990/TotalProgramServiceExpensesAmt0264847
IRS990/TotalProgramServiceRevenueAmt0242623
IRS990/TotalReportableCompFromOrgAmt053700
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0242623
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0338339
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt088782
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0119200
IRS990/TravelGrp/ManagementAndGeneralAmt0886
IRS990/TravelGrp/ProgramServicesAmt05022
IRS990/TravelGrp/TotalAmt05908
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt048124
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt043900
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02358 NICHOLASVILLE ROAD STE 180
IRS990/USAddress/CityNm0LEXINGTON
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd040503
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0INDEPENDENCEPLACEKY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MEGAN COLEMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08592662807
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDEPENDENCE PLACE INC
ReturnHeader/Filer/BusinessNameControlTxt0INDE
ReturnHeader/Filer/EIN0611184753
ReturnHeader/Filer/PhoneNum08592662807
ReturnHeader/Filer/USAddress/AddressLine1Txt02358 NICHOLASVILLE ROAD STE 180
ReturnHeader/Filer/USAddress/CityNm0LEXINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd040503
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0800874573
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BREEDING HENDERSON & HORD PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01050 MONARCH ST STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LEXINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0405131877
ReturnHeader/PreparerPersonGrp/PhoneNum08592780112
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DERRICK ROGERS
ReturnHeader/ReturnTs02021-11-12T08:47:46-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MEGAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0COLEMAN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.35$0.10$1.24$4.94$4.65$0.29
2022Detailed filing. Detailed filing data is available for this year.$1.12$0.16$0.96$4.38$4.61$0.23
2021Detailed filing. Detailed filing data is available for this year.$1.54$0.35$1.19$3.86$3.30$0.56
2020Detailed filing. Detailed filing data is available for this year.$1.19$0.56$0.63$3.38$3.10$0.29
2019Detailed filing. Detailed filing data is available for this year.$0.89$0.54$0.34$3.55$2.98$0.56
2018Detailed filing. Detailed filing data is available for this year.$0.69$0.90$0.22$2.55$3.02$0.47
2017Detailed filing. Detailed filing data is available for this year.$0.82$0.57$0.25$3.71$3.33$0.38
2016Detailed filing. Detailed filing data is available for this year.$0.33$0.45$0.12$2.73$2.82$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.10$0.13$0.03$3.49$3.89$0.40
2014Detailed filing. Detailed filing data is available for this year.$0.54$0.17$0.37$4.68$4.98$0.30
2013Detailed filing. Detailed filing data is available for this year.$0.77$0.10$0.67$3.55$3.20$0.35
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.04$0.33$3.85
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.00$0.46$3.90
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.06$0.55$3.31