Civic Intelligence

Twocor Projects

EIN 72-1566504 • 501(c)3 • Colorado Springs, CO

Profile

Twocor provides vocational and counseling services to male and female youths who have had legal and mental health concerns.

2722 Logan CircleColorado Springs, CO 80907

www.twocor.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

6th percentile

-233%

Higher net margin than 6% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Assets

Down

$0

Down $626,948 (-100%) from 2020

Liabilities

Down

$0

Down $29,590 (-100%) from 2020

Net Assets

Down

$0

Down $597,358 (-100%) from 2020

Revenue

Down

$256,201

Down $927,488 (-78%) from 2020

Expenses

Down

$853,559

Down $276,113 (-24%) from 2020

Net Income

Down

-$597,358

Down $651,375 (-1206%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2012: $422,607Liabilities 2012: $311,020Net Assets 2012: $111,5872012Assets 2013: $379,109Liabilities 2013: $304,182Net Assets 2013: $74,9272013Assets 2014: $430,477Liabilities 2014: $287,500Net Assets 2014: $142,9772014Assets 2015: $228,019Liabilities 2015: $8,924Net Assets 2015: $219,0952015Assets 2016: $291,566Liabilities 2016: $32,843Net Assets 2016: $258,7232016Assets 2017: $417,705Liabilities 2017: $28,032Net Assets 2017: $389,6732017Assets 2018: $494,462Liabilities 2018: $24,490Net Assets 2018: $469,9722018Assets 2019: $579,619Liabilities 2019: $36,278Net Assets 2019: $543,3412019Assets 2020: $626,948Liabilities 2020: $29,590Net Assets 2020: $597,3582020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500K-$1.0MExpenses 2012: $695,4662012Revenue 2013: $574,435Expenses 2013: $611,095Net Income 2013: -$36,6602013Revenue 2014: $608,386Expenses 2014: $564,972Net Income 2014: $43,4142014Revenue 2015: $785,745Expenses 2015: $709,627Net Income 2015: $76,1182015Revenue 2016: $941,182Expenses 2016: $901,554Net Income 2016: $39,6282016Revenue 2017: $1,110,018Expenses 2017: $979,068Net Income 2017: $130,9502017Revenue 2018: $1,132,667Expenses 2018: $1,052,368Net Income 2018: $80,2992018Revenue 2019: $1,170,830Expenses 2019: $1,097,461Net Income 2019: $73,3692019Revenue 2020: $1,183,689Expenses 2020: $1,129,672Net Income 2020: $54,0172020Revenue 2021: $256,201Expenses 2021: $853,559Net Income 2021: -$597,3582021

Highlighted filing

2021

Revenue$256,201
Expenses$853,559
Net Income-$597,358

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to May 31, 2021
Signed
Oct 12, 2021
Return Version
2020v4.0
Gross Receipts
$296,975
Mission and Program Overview

Mission

Twocor provides vocational and counseling services to male and female youths who have had legal and mental health concerns.

Provides vocational and counceling services to males and female youths who have had legal and mental health concerns.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$282,549--
Savings and Temporary Cash Investments$237,420--
Land, Buildings, and Equipment, Net$72,007--
Accounts Receivable$26,666--
Prepaid Expenses and Deferred Charges$8,306--
Total Assets$626,948$0▼ $626,948
Liabilities
Accounts Payable and Accrued Expenses$29,590--
Total Liabilities$29,590$0▼ $29,590
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$597,358--
Total Net Assets Fund Balance$597,358$0▼ $597,358
Total Liabilities and Net Assets / Fund Balance$626,948$0▼ $626,948
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
James HinkleExecutive DiFT$99,533$99,533

Board Members and Trustees

NameTitle
Megan EllisPresident
Brenda HeimbachMember
Jim MarquartMember
John StoneMember
Laretta WilliamsMember
Scott McbrideSecretary
David BuckleyTreasurer
Joel RiethVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$201,920
Program Service Revenue
$73,352
Investment Income
$-27,106
Other Revenue
$8,035
All Other Contributions
$93,873
Change in Net Assets
$-597,358
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$604,120
Other Expenses$176,456
Grants and Similar Amounts Paid$72,983
Total Fundraising Expense$369
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$268,502$126,035-$394,537
Current Officers, Directors, Trustees, and Key Employees-$165,171-$165,171
Grants to Domestic Orgs$72,983--$72,983
Occupancy$20,126$28,928-$49,054
Payroll Taxes$20,447$17,815-$38,262
Insurance$12,820$23,785-$36,605
Office Expenses$15,454$15,003-$30,457
Depreciation Depletion$3,457$5,792-$9,249
Advertising$2,153$5,867$369$8,389
Fees for Services Accounting-$7,050-$7,050
Other Employee Benefits-$6,150-$6,150
Fees for Services Legal-$2,338-$2,338
Other Expenses$1,069$195-$1,264
All Other Expenses-$998-$998
Information Technology$532--$532
Fees for Services Other$388--$388
Total Functional Expenses$441,870$411,320$369$853,559
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rocky Mountain KidsColorado Springs, CO501c3Assist in Mission$13,000
Family PromiseColorado Springs, CO501c3Assist in Mission$10,000
Fostering Hope FoundationColorado Springs, CO501c3Assist in Mission$6,000
Peaceful HouseholdsColorado Springs, CO501c3Assist in Mission$6,000
Partners in HousingColorado Springs, CO501c3Assist in Mission-
Pikes Peak AcademyColorado Springs, CO501c3Assist in Mission-
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Ch Arrawanna LLCSpouse-ownedLeased OfficeNo$28,928
Joel ReithBoard MemberInsurance BrokerNo$21,525
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
Yes
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 11B

A copy of the 990 was electronically distributed to former executive director for review prior to filing. The organization was dissolved this tax year.

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

The board completes a review of the executive director and once completed they are able to adjust his salary accordingly.

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

Governing documents, conflict of interest policy, and financial statements are available to the public upon requests.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Twocor Projects
EIN
72-1566504
Phone
7194255424
Address
2722 LOGAN CIRCLE, COLORADO SPRINGS, CO 80907

Signing Officer

Name
James Hinkle
Title
Executive Director
Phone
7194716916
Signed
2021-10-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Hinkle
Formed
2002
Legal Domicile
Co
Voting Board Members
9
Independent Board Members
9
Employees
38
Volunteers
10

Preparer

Firm
Mcmillen & Company Pllc
Address
2812 W COLORADO AVE SUITE 200, COLORADO SPRINGS, CO 80904
Preparer
Lane Sw Mcmillen
Phone
7199220064
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 3

Organization dissolved during this tax year.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0201920
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0837822
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0789246
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0815520
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0774146
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03418654
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0168
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01274
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01159
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0286
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0131
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03018
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01414079
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt07697
IRS990ScheduleA/OtherIncome170Grp/TotalAmt07697
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.94800
IRS990ScheduleA/PublicSupportPY170Pct00.98300
IRS990ScheduleA/PublicSupportTotal170Amt03251002
IRS990ScheduleA/SubstantialContributorsTotAmt0167652
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0201920
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0837822
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0789246
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0815520
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0774146
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03418654
IRS990ScheduleA/TotalSupportAmt03429369
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt013000
IRS990ScheduleI/RecipientTable/CashGrantAmt110000
IRS990ScheduleI/RecipientTable/CashGrantAmt26000
IRS990ScheduleI/RecipientTable/CashGrantAmt36000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501C3
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt05928
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt17310
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0HONDA ODYSSEY
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc1HONDA FIT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ASSIST IN MISSION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1ASSIST IN MISSION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2ASSIST IN MISSION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3ASSIST IN MISSION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4ASSIST IN MISSION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5ASSIST IN MISSION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ROCKY MOUNTAIN KIDS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1FAMILY PROMISE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2FOSTERING HOPE FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3PEACEFUL HOUSEHOLDS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4PARTNERS IN HOUSING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5PIKES PEAK ACADEMY
IRS990ScheduleI/RecipientTable/RecipientEIN0830496486
IRS990ScheduleI/RecipientTable/RecipientEIN1841366832
IRS990ScheduleI/RecipientTable/RecipientEIN2261991807
IRS990ScheduleI/RecipientTable/RecipientEIN3463480080
IRS990ScheduleI/RecipientTable/RecipientEIN4841188208
IRS990ScheduleI/RecipientTable/RecipientEIN5841594155
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02210 E LASALLE ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1519 N TEJON ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2111S TEJON ST STE 112
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3PO BOX 62684
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4455 GOLD PASS HEIGHTS
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5828 E PIKES PEAK AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0COLORADO SPRINGS
IRS990ScheduleI/RecipientTable/USAddress/CityNm1COLORADO SPRINGS
IRS990ScheduleI/RecipientTable/USAddress/CityNm2COLORADO SPRINGS
IRS990ScheduleI/RecipientTable/USAddress/CityNm3COLORADO SPRINGS
IRS990ScheduleI/RecipientTable/USAddress/CityNm4COLORADO SPRINGS
IRS990ScheduleI/RecipientTable/USAddress/CityNm5COLORADO SPRINGS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1CO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2CO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3CO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4CO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5CO
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd080909
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd180903
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd280903
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd380962
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd480906
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd580903
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0BOOK VALUE
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1BOOK VALUE
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0CH ARRAWANNA LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1JOEL REITH
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SPOUSE-OWNED
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt028928
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt121525
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0LEASED OFFICE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1INSURANCE BROKER
IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0false
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc02013 HONDA FIT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc12006 HONDA ODYSSEY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc22002 TOYOTA SEQUOIA

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