Civic Intelligence

The Center for Technology Enterprise and Development Inc.

990 • Fiscal year 2018 • EIN 65-0362710

Oct 01, 2017 to Sep 30, 2018 • Filed on Feb 18, 2019

Organization Profilewww.tedcenter.org
401 W Atlantic AveDelray Beach, FL 33444

(561) 265-3790

Siviq Scores

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

Liabilities / Assets

90th percentile

0.73x

Higher debt load relative to assets than 90% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

88th percentile

0.76x

Higher debt load relative to revenue than 88% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

33rd percentile

-2.4%

Higher net margin than 33% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

92nd percentile

$125,538

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 20.8% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

52nd percentile

2.3%

Faster asset growth than 52% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

29th percentile

-6.0%

Faster revenue growth than 29% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$630,629

Up $14,108 (+2.3%) from 2017

Net Assets

Down

$172,271

Down $14,700 (-7.9%) from 2017

Liabilities

Up

$458,358

Up $28,808 (+6.7%) from 2017

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin33rd percentile

Revenue

Down

$604,534

Down $38,385 (-6.0%) from 2017

Expenses

Up

$619,234

Up $18,600 (+3.1%) from 2017

Net Income

Down

-$14,700

Down $56,985 (-135%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth52nd percentile

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

$1.0M$500K$0Assets 2011: $809,785Liabilities 2011: $602,735Net Assets 2011: $207,0502011Assets 2012: $726,529Liabilities 2012: $560,426Net Assets 2012: $166,1032012Assets 2014: $688,195Liabilities 2014: $586,115Net Assets 2014: $102,0802014Assets 2015: $653,041Liabilities 2015: $526,080Net Assets 2015: $126,9612015Assets 2016: $629,938Liabilities 2016: $485,252Net Assets 2016: $144,6862016Assets 2017: $616,521Liabilities 2017: $429,550Net Assets 2017: $186,9712017Assets 2018: $630,629Liabilities 2018: $458,358Net Assets 2018: $172,2712018Assets 2022: $630,392Liabilities 2022: $510,394Net Assets 2022: $119,9982022Assets 2023: $549,226Liabilities 2023: $537,641Net Assets 2023: $11,5852023Assets 2024: $666,141Liabilities 2024: $476,611Net Assets 2024: $189,5302024

Highlighted filing

2018

Assets$630,629
Liabilities$458,358
Net Assets$172,271
Open 2018 Filing

Operations Trend

Revenue Growth29th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $552,279Expenses 2011: $678,820Net Income 2011: -$126,5412011Revenue 2012: $459,722Expenses 2012: $613,677Net Income 2012: -$153,9552012Revenue 2014: $479,867Expenses 2014: $553,582Net Income 2014: -$73,7152014Revenue 2015: $580,046Expenses 2015: $555,165Net Income 2015: $24,8812015Revenue 2016: $586,728Expenses 2016: $569,004Net Income 2016: $17,7242016Revenue 2017: $642,919Expenses 2017: $600,634Net Income 2017: $42,2852017Revenue 2018: $604,534Expenses 2018: $619,234Net Income 2018: -$14,7002018Revenue 2022: $803,648Expenses 2022: $892,834Net Income 2022: -$89,1862022Revenue 2023: $774,848Expenses 2023: $883,260Net Income 2023: -$108,4122023Revenue 2024: $1,055,734Expenses 2024: $877,790Net Income 2024: $177,9442024

Highlighted filing

2018

Revenue$604,534
Expenses$619,234
Net Income-$14,700
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Feb 18, 2019
Return Version
2017v2.2
Gross Receipts
$604,534
Mission and Program Overview

Mission

Housing, employment and economic development in the community

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$428,719$409,532▼ $19,187
Loans From Officers Directors$109,438$120,715▲ $11,277
Accounts Receivable$54,964$60,645▲ $5,681
Cash and Non-Interest-Bearing Accounts$17,051$12,268▼ $4,783
Total Assets$616,521$630,629▲ $14,108
Other Assets Total$115,787$148,184▲ $32,397
Liabilities
Unsecured Notes Loans Payable$256,995$236,897▼ $20,098
Other Liabilities$59,114$90,284▲ $31,170
Accounts Payable and Accrued Expenses$4,003$10,462▲ $6,459
Total Liabilities$429,550$458,358▲ $28,808
Net Assets / Fund Balance
Unrestricted Net Assets$186,971$172,271▼ $14,700
Total Net Assets Fund Balance$186,971$172,271▼ $14,700
Total Liabilities and Net Assets / Fund Balance$616,521$630,629▲ $14,108

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$388,015$404,740-
Equipment$21,517$303,042-
Other Assets Org$27,823--
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeOtherTotal
Seabron SmithExec. DirectorFT$125,538$125,538

Board Members and Trustees

NameTitle
Tony NewboldPresident
George PsoinosVice President
Carol MolnarDirector
Cheryl RogersDirector
Dr Nnachi OkoDirector
George ElmoreDirector
Nadine HartSecretary
Arnold BroussardTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$564,493
Program Service Revenue
$39,538
Investment Income
$434
Other Revenue
$69
All Other Contributions
$175,967
Change in Net Assets
$-14,700

Audited Revenue Reconciliation

Revenue per Audited Statements
$604,534
Total Revenue per Audited Statements
$604,534
Total Revenue per Form 990
$604,534
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$419,616
Other Expenses$199,618
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$226,905$0$0$226,905
Current Officers, Directors, Trustees, and Key Employees$95,353$30,185$0$125,538
Other Employee Benefits$34,347$5,986$0$40,333
Occupancy$35,144$3,267$0$38,411
Other Expenses$35,967$217$0$36,184
All Other Expenses$32,345$1,919$0$34,264
Depreciation Depletion$21,068$7,158$0$28,226
Payroll Taxes$26,840$0$0$26,840
Office Expenses$16,762$2,695$0$19,457
Interest$10,648$5,512$0$16,160
Travel$7,812$1,053$0$8,865
Insurance$6,488$312$0$6,800
Advertising$4,367$26$0$4,393
Total Functional Expenses$560,677$58,557$0$619,234

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$619,234
Total Expenses per Audited Statements$619,234
Total Expenses per Form 990$619,234
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
Loans from Officers, Directors, Trustees, and Key Employees$109,438$120,715▲ $11,277
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Benefits$47,580
Matchmaker Funds Payable$27,823
Accrued Payroll$6,346
Payroll Taxes Payable$3,439
Security Deposits Payable$2,625
Credit Cards Payable$2,471
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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
Filing and Contact Details

Filer

Filer Name
The Center for Technology Enterprise & Development Inc
EIN
65-0362710
Phone
5612653790
Address
401 W ATLANTIC AVE, DELRAY BEACH, FL 33444

Signing Officer

Name
Tony Newbold
Title
President
Phone
5612653790
Signed
2019-02-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tony Newbold
Formed
1992
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
9
Volunteers
8

Preparer

Firm
Friedman Feldmesser and Karpeles CPA LLC
Address
641 UNIVERSITY BLVD STE 210, JUPITER, FL 33458
Preparer
Richard L Karpeles
Phone
5616229990
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The 990 is reviewed by the financial secretary and the executive director prior to signing”

Pt VI, Line 15A

“The compensation of the executive director is discussed at a budgetary board meeting”

Pt VI, Line 12C

“There is open discussion during board meetings”

Form 990EZ, Part II, Line 24

“Accounts Receivable - Net”

Form 990EZ, Part II, Line 24

“Prepaids”

Form 990EZ, Part II, Line 24

“Investments”

Form 990EZ, Part II, Line 24

“DEPOSITS”

Form 990EZ, Part II, Line 24

“LAND HELD FOR RESALE”

Form 990EZ, Part II, Line 24

“LOAN COSTS (NET)”

Form 990EZ, Part II, Line 26

“Accounts Payable & Accrued Expenses”

Form 990EZ, Part II, Line 26

“Deferred Revenue”

Form 990EZ, Part II, Line 26

“Bonds, Mortgages & Other Notes”

Form 990, Part IX, Line 24E

“Professional fees 5295. 5030. 265. 0.”

Form 990, Part IX, Line 24E

“Equipment lease 8533. 8106. 427. 0.”

Form 990, Part IX, Line 24E

“Repairs & maintenance 6810. 6445. 365. 0.”

Form 990, Part IX, Line 24E

“FEES 5276. 4715. 561. 0.”

Form 990, Part IX, Line 24E

“Telephone 8350. 8049. 301. 0.”

Raw XML AppendixShowing 400 of 522 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/OtherAssetsOrgGrp/Desc1LOAN COSTS-NET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2PREPAID EXPENSES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ATLANTIC GROVE PARTNERS, LLC
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED BENEFITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3MATCHMAKER FUNDS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4CREDIT CARDS PAYABLE
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0GEORGE ELMORE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1SEABRON SMITH
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE FINANCIAL SECRETARY AND THE EXECUTIVE DIRECTOR PRIOR TO SIGNING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS DISCUSSED AT A BUDGETARY BOARD MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE IS OPEN DISCUSSION DURING BOARD MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Accounts Receivable - Net
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Prepaids
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Investments
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DEPOSITS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7LAND HELD FOR RESALE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8LOAN COSTS (NET)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Accounts Payable & Accrued Expenses
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Deferred Revenue
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Bonds, Mortgages & Other Notes
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12PROFESSIONAL FEES 5295. 5030. 265. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13EQUIPMENT LEASE 8533. 8106. 427. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14REPAIRS & MAINTENANCE 6810. 6445. 365. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15FEES 5276. 4715. 561. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16TELEPHONE 8350. 8049. 301. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990EZ, Part II, Line 26

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$630,629
Liabilities
$458,358
Net assets
$172,271
Revenue
$604,534
Expenses
$619,234
Net income
-$14,700
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.67$0.48$0.19$1.06$0.88$0.18
2023Detailed filing. Detailed filing data is available for this year.$0.55$0.54$0.01$0.77$0.88$0.11
2022Detailed filing. Detailed filing data is available for this year.$0.63$0.51$0.12$0.80$0.89$0.09
2018Detailed filing. Detailed filing data is available for this year.$0.63$0.46$0.17$0.60$0.62$0.01
2017Summary only. Only limited summary data is available for this year.$0.62$0.43$0.19$0.64$0.60$0.04
2016Summary only. Only limited summary data is available for this year.$0.63$0.49$0.14$0.59$0.57$0.02
2015Summary only. Only limited summary data is available for this year.$0.65$0.53$0.13$0.58$0.56$0.02
2014Summary only. Only limited summary data is available for this year.$0.69$0.59$0.10$0.48$0.55$0.07
2012Summary only. Only limited summary data is available for this year.$0.73$0.56$0.17$0.46$0.61$0.15
2011Summary only. Only limited summary data is available for this year.$0.81$0.60$0.21$0.55$0.68$0.13