Civic Intelligence

Cherokee Triangle Association Inc

990 • Fiscal year 2022 • EIN 61-1211574

Jul 01, 2021 to Jun 30, 2022 • Filed on May 18, 2023

PO Box 4306Louisville, KY 40204-0306

(502) 459-0256

Siviq Scores

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

Liabilities / Assets

70th percentile

0.04x

Higher debt load relative to assets than 70% of similar nonprofits.

2022 filings • 501(c)4 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

70th percentile

0.04x

Higher debt load relative to revenue than 70% of similar nonprofits.

2022 filings • 501(c)4 • <$500k nonprofits • Source year 2022

Net Margin

81st percentile

29%

Higher net margin than 81% of similar nonprofits.

2022 filings • 501(c)4 • <$500k nonprofits • Source year 2022

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

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

2022 filings • 501(c)4 • <$500k nonprofits • Source year 2022

Asset Growth

90th percentile

49%

Faster asset growth than 90% of similar nonprofits.

2022 filings • 501(c)4 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

99th percentile

2820%

Faster revenue growth than 99% of similar nonprofits.

2022 filings • 501(c)4 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$250,462

Up $82,662 (+49%) from 2021

Net Assets

Up

$240,040

Up $72,518 (+43%) from 2021

Liabilities

Up

$10,422

Up $10,144 (+3649%) from 2021

Revenue

Up

$247,234

Up $238,767 (+2820%) from 2021

Expenses

Up

$174,716

Up $115,487 (+195%) from 2021

Net Income

Up

$72,518

Up $123,280 (+243%) from 2021

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $259,712Liabilities 2011: $0Net Assets 2011: $259,7122011Assets 2012: $298,258Liabilities 2012: $0Net Assets 2012: $298,2582012Assets 2013: $259,037Liabilities 2013: $0Net Assets 2013: $259,0372013Assets 2014: $253,286Liabilities 2014: $0Net Assets 2014: $253,2862014Assets 2015: $286,601Liabilities 2015: $154Net Assets 2015: $286,4472015Assets 2016: $289,919Liabilities 2016: $605Net Assets 2016: $289,3142016Assets 2017: $314,715Liabilities 2017: $705Net Assets 2017: $314,0102017Assets 2018: $323,705Liabilities 2018: $02018Assets 2019: $304,034Liabilities 2019: $5,3332019Assets 2020: $218,467Liabilities 2020: $183Net Assets 2020: $218,2842020Assets 2021: $167,800Liabilities 2021: $278Net Assets 2021: $167,5222021Assets 2022: $250,462Liabilities 2022: $10,422Net Assets 2022: $240,0402022Assets 2023: $263,562Liabilities 2023: $14,495Net Assets 2023: $249,0672023Assets 2025: $385,688Liabilities 2025: $48,139Net Assets 2025: $337,5492025

Highlighted filing

2022

Assets$250,462
Liabilities$10,422
Net Assets$240,040

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $139,590Expenses 2011: $124,371Net Income 2011: $15,2192011Revenue 2012: $159,742Expenses 2012: $121,196Net Income 2012: $38,5462012Revenue 2013: $135,471Expenses 2013: $174,692Net Income 2013: -$39,2212013Revenue 2014: $190,242Expenses 2014: $195,993Net Income 2014: -$5,7512014Revenue 2015: $198,280Expenses 2015: $165,119Net Income 2015: $33,1612015Revenue 2016: $142,355Expenses 2016: $139,488Net Income 2016: $2,8672016Revenue 2017: $174,406Expenses 2017: $160,033Net Income 2017: $14,3732017Revenue 2018: $166,495Expenses 2018: $156,800Net Income 2018: $9,6952018Revenue 2019: $175,716Expenses 2019: $200,720Net Income 2019: -$25,0042019Revenue 2020: $19,972Expenses 2020: $100,391Net Income 2020: -$80,4192020Revenue 2021: $8,467Expenses 2021: $59,229Net Income 2021: -$50,7622021Revenue 2022: $247,234Expenses 2022: $174,716Net Income 2022: $72,5182022Revenue 2023: $228,144Expenses 2023: $219,117Net Income 2023: $9,0272023Revenue 2025: $264,695Expenses 2025: $235,974Net Income 2025: $28,7212025

Highlighted filing

2022

Revenue$247,234
Expenses$174,716
Net Income$72,518
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 18, 2023
Return Version
2021v4.2
Gross Receipts
$247,705
Mission and Program Overview

Mission

1) to provide a forum for discussion of neighborhood matters and an institution to promote neighborhood improvement and activities with that purpose.2) to foster awareness of the neighborhood as a desirable place to live.3) to cooperate with other organizations having analogous objectives;4) to encourage community planning, area development, and aesthetic and historic awareness by direct action and/or by allocation of corporate assets to other organizatons and individuals as outlined by section 501(c) of the united states internal revenue code

Champion preservation of historical neighborhood through publications, forums and newsletters.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$161,796$127,531▼ $34,265
Cash and Non-Interest-Bearing Accounts$1,804$122,931▲ $121,127
Prepaid Expenses and Deferred Charges$4,200--
Total Assets$167,800$250,462▲ $82,662
Liabilities
Accounts Payable and Accrued Expenses$278$10,422▲ $10,144
Total Liabilities$278$10,422▲ $10,144
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$167,522$240,040▲ $72,518
Total Net Assets Fund Balance$167,522$240,040▲ $72,518
Total Liabilities and Net Assets / Fund Balance$167,800$250,462▲ $82,662
Compensation and Service Providers

Board Members and Trustees

NameTitle
Wes CobbPresident
Jeff QuigleyVice President
Alexandria McgheeBoard Member
Andy EpsteinBoard Member
Angela PapeBoard Member
Jennifer SchultzBoard Member
Joanne LynchBoard Member
John DownardBoard Member
Larry WilliamsBoard Member
Melissa LoweBoard Member
Nancy MooreBoard Member
Pete KirvenBoard Member
Waleed BahouthBoard Member
Waller AustinBoard Member
Jamie Conti2nd Vice Presidemt
Rebecca DonohueAt Large
Anne LindauerSecretary
Bob PickenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$11,213
Program Service Revenue
$232,828
Investment Income
$195
Other Revenue
$2,998
All Other Contributions
$900
Change in Net Assets
$72,518
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$174,716
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
Office Expenses$13,131$7,061-$20,192
Insurance$2,352$10,698-$13,050
All Other Expenses$8,055$429-$8,484
Other Expenses$7,635$21,010-$7,635
Occupancy$2,745$4,283-$7,028
Advertising$217$2,840-$3,057
Fees for Services Accounting-$1,000-$1,000
Information Technology-$703-$703
Interest-$491-$491
Total Functional Expenses$126,201$48,515$0$174,716
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Association administration is given to brian sherry, independant contractor

Form 990, Part VI, Section A, Line 6

Anyone residing in the cherokee triangle preservation district can be a member

Form 990, Part VI, Section A, Line 7A

Association members residing within the cherokee triangle preservation district elect trustees when there are more nominations than the 6 positions open annually, otherwise self or other nominees are vetted and accepted by the board of trustees.

Form 990, Part VI, Section A, Line 7B

Members can request a special meeting to address a specific issue and require a vote on any motion made during said meeting.

Form 990, Part VI, Section B, Line 11B

Treasurer reviews return and presents verbal report to board of trustees meeting

Form 990, Part VI, Section B, Line 12C

Officers and trustees required to sign a non-conflict statement

Form 990, Part VI, Section C, Line 19

Summaries are periodically published in quarterly newsletter and mailed to all cherokee triangle residential addresses and to all members

Filing and Contact Details

Filer

Filer Name
Cherokee Triangle Association Inc
EIN
61-1211574
Phone
5024590256
Address
PO BOX 4306, LOUISVILLE, KY 40204-0306

Signing Officer

Name
Bob Picken
Title
Treasurer
Phone
5024590256
Signed
2023-05-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bob Picken
Formed
1962
Legal Domicile
Ky
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
200

Preparer

Firm
Deming Malone Livesay & Ostroff Psc
Address
301 E ELM STREET, NEW ALBANY, IN 47150
Preparer
Melinda L Heck
Phone
8129455236
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IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE PRESIDENT
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IRS990/MissionDesc01) TO PROVIDE A FORUM FOR DISCUSSION OF NEIGHBORHOOD MATTERS AND AN INSTITUTION TO PROMOTE NEIGHBORHOOD IMPROVEMENT AND ACTIVITIES WITH THAT PURPOSE;2) TO FOSTER AWARENESS OF THE NEIGHBORHOOD AS A DESIRABLE PLACE TO LIVE;3) TO COOPERATE WITH OTHER ORGANIZATIONS HAVING ANALOGOUS OBJECTIVES;4) TO ENCOURAGE COMMUNITY PLANNING, AREA DEVELOPMENT, AND AESTHETIC ANDHISTORIC AWARENESS BY DIRECT ACTION AND/OR BY ALLOCATION OF CORPORATE ASSETS TO OTHERORGANIZATIONS AND INDIVIDUALS AS OUTLINED BY SECTION 501(C) OF THE UNITED STATESINTERNAL REVENUE CODE
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0240040
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt04283
IRS990/OccupancyGrp/ProgramServicesAmt02745
IRS990/OccupancyGrp/TotalAmt07028
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07061
IRS990/OfficeExpensesGrp/ProgramServicesAmt013131
IRS990/OfficeExpensesGrp/TotalAmt020192
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0FOOD/MEALS FOR ART FAIR
IRS990/OtherExpensesGrp/Desc1ART FAIR EXPENSES
IRS990/OtherExpensesGrp/Desc2CONTRACT LABOR
IRS990/OtherExpensesGrp/Desc3CONCERTS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt021010
IRS990/OtherExpensesGrp/ProgramServicesAmt057881
IRS990/OtherExpensesGrp/ProgramServicesAmt134185
IRS990/OtherExpensesGrp/ProgramServicesAmt27635
IRS990/OtherExpensesGrp/TotalAmt057881
IRS990/OtherExpensesGrp/TotalAmt134185
IRS990/OtherExpensesGrp/TotalAmt221010
IRS990/OtherExpensesGrp/TotalAmt37635
IRS990/OtherRevenueMiscGrp/BusinessCd0541800
IRS990/OtherRevenueMiscGrp/BusinessCd1561499
IRS990/OtherRevenueMiscGrp/Desc0ADDVERTISING
IRS990/OtherRevenueMiscGrp/Desc1MISC REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0243
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02855
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1243
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt02855
IRS990/OtherRevenueTotalAmt03098
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04200
IRS990/PrincipalOfficerNm0BOB PICKEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0713990
IRS990/ProgramServiceRevenueGrp/Desc0FAIR AND FESTIVAL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0232828
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0232828
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER PROGRAM EXPENSES SUCH AS: -FAMILY FESTIVAL -FALL COCKTAIL PARTY -DONATIONS -CONCERTS -NEWSLETTERS
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt025077
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt07783
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0200
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0250
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt058979
IRS990/PYOtherRevenueAmt08267
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-50762
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt059229
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08467
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt072518
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0225188
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0161796
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0127531
IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ASSOCIATION ADMINISTRATION IS GIVEN TO BRIAN SHERRY, INDEPENDANT CONTRACTOR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANYONE RESIDING IN THE CHEROKEE TRIANGLE PRESERVATION DISTRICT CAN BE A MEMBER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ASSOCIATION MEMBERS RESIDING WITHIN THE CHEROKEE TRIANGLE PRESERVATION DISTRICT ELECT TRUSTEES WHEN THERE ARE MORE NOMINATIONS THAN THE 6 POSITIONS OPEN ANNUALLY, OTHERWISE SELF OR OTHER NOMINEES ARE VETTED AND ACCEPTED BY THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS CAN REQUEST A SPECIAL MEETING TO ADDRESS A SPECIFIC ISSUE AND REQUIRE A VOTE ON ANY MOTION MADE DURING SAID MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TREASURER REVIEWS RETURN AND PRESENTS VERBAL REPORT TO BOARD OF TRUSTEES MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OFFICERS AND TRUSTEES REQUIRED TO SIGN A NON-CONFLICT STATEMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SUMMARIES ARE PERIODICALLY PUBLISHED IN QUARTERLY NEWSLETTER AND MAILED TO ALL CHEROKEE TRIANGLE RESIDENTIAL ADDRESSES AND TO ALL MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0KY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0167800
IRS990/TotalAssetsEOYAmt0250462
IRS990/TotalAssetsGrp/BOYAmt0167800
IRS990/TotalAssetsGrp/EOYAmt0250462
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt011213
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt048515
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0126201
IRS990/TotalFunctionalExpensesGrp/TotalAmt0174716
IRS990/TotalGrossUBIAmt02855
IRS990/TotalLiabilitiesBOYAmt0278
IRS990/TotalLiabilitiesEOYAmt010422
IRS990/TotalLiabilitiesGrp/BOYAmt0278
IRS990/TotalLiabilitiesGrp/EOYAmt010422
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0167522
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0240040
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt025077
IRS990/TotalOtherProgSrvcRevenueAmt07783
IRS990/TotalProgramServiceExpensesAmt0126201
IRS990/TotalProgramServiceRevenueAmt0232828
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0195
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0232971
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0247234
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt02855
IRS990/TotalVolunteersCnt0200
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0167800
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0250462
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 4306
IRS990/USAddress/CityNm0LOUISVILLE
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd040204
IRS990/VotingMembersGoverningBodyCnt018
IRS990/VotingMembersIndependentCnt018
IRS990/WebsiteAddressTxt0WWW.CHEROKEETRIANGLE.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.86$0.48$3.38$2.65$2.36$0.29
2023Summary only. Only limited summary data is available for this year.$2.64$0.14$2.49$2.28$2.19$0.09
2022Detailed filing. Detailed filing data is available for this year.$2.50$0.10$2.40$2.47$1.75$0.73
2021Detailed filing. Detailed filing data is available for this year.$1.68$0.00$1.68$0.08$0.59$0.51
2020Detailed filing. Detailed filing data is available for this year.$2.18$0.00$2.18$0.20$1.00$0.80
2019Summary only. Only limited summary data is available for this year.$3.04$0.05$1.76$2.01$0.25
2018Summary only. Only limited summary data is available for this year.$3.24$0.00$1.66$1.57$0.10
2017Summary only. Only limited summary data is available for this year.$3.15$0.01$3.14$1.74$1.60$0.14
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.90$0.01$2.89$1.42$1.39$0.03
2015Detailed filing. Detailed filing data is available for this year.$2.87$0.00$2.86$1.98$1.65$0.33
2014Summary only. Only limited summary data is available for this year.$2.53$0.00$2.53$1.90$1.96$0.06
2013Summary only. Only limited summary data is available for this year.$2.59$0.00$2.59$1.35$1.75$0.39
2012Summary only. Only limited summary data is available for this year.$2.98$0.00$2.98$1.60$1.21$0.39
2011Summary only. Only limited summary data is available for this year.$2.60$0.00$2.60$1.40$1.24$0.15