Civic Intelligence

Cvec Foundation Inc.

990EZ • Fiscal year 2018 • EIN 73-1553974

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 05, 2019

PO Box 751Seminole, OK 74818

(405) 273-4680

Siviq Scores

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

Liabilities / Assets

77th percentile

0.09x

Higher debt load relative to assets than 77% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

87th percentile

0.20x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

14th percentile

-25%

Higher net margin than 14% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

34th percentile

-6.5%

Faster asset growth than 34% of similar nonprofits.

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

Revenue Growth

52nd percentile

2.4%

Faster revenue growth than 52% of similar nonprofits.

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

Assets

Down

$225,957

Down $15,709 (-6.5%) from 2017

Net Assets

Down

$205,213

Down $25,793 (-11%) from 2017

Liabilities

Up

$20,744

Up $10,084 (+95%) from 2017

Revenue

Up

$102,902

Up $2,427 (+2.4%) from 2017

Expenses

Up

$128,695

Up $48,411 (+60%) from 2017

Net Income

Down

-$25,793

Down $45,984 (-228%) from 2017

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: $148,356Liabilities 2011: $1,8042011Assets 2012: $185,199Liabilities 2012: $5,3512012Assets 2013: $195,543Liabilities 2013: $17,3402013Assets 2014: $206,057Liabilities 2014: $4,7092014Assets 2015: $236,247Liabilities 2015: $10,2672015Assets 2016: $230,544Liabilities 2016: $19,7292016Assets 2017: $241,666Liabilities 2017: $10,660Net Assets 2017: $231,0062017Assets 2018: $225,957Liabilities 2018: $20,744Net Assets 2018: $205,2132018Assets 2019: $183,856Liabilities 2019: $15,226Net Assets 2019: $168,6302019Assets 2020: $216,046Liabilities 2020: $20,460Net Assets 2020: $195,5862020Assets 2021: $257,404Liabilities 2021: $9,481Net Assets 2021: $247,9232021Assets 2022: $305,378Liabilities 2022: $24,228Net Assets 2022: $281,1502022

Highlighted filing

2018

Assets$225,957
Liabilities$20,744
Net Assets$205,213

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2011: $90,749Expenses 2011: $82,577Net Income 2011: $8,1722011Revenue 2012: $93,811Expenses 2012: $60,515Net Income 2012: $33,2962012Revenue 2013: $145,687Expenses 2013: $147,332Net Income 2013: -$1,6452013Revenue 2014: $98,456Expenses 2014: $75,311Net Income 2014: $23,1452014Revenue 2015: $97,467Expenses 2015: $72,835Net Income 2015: $24,6322015Revenue 2016: $99,600Expenses 2016: $114,765Net Income 2016: -$15,1652016Revenue 2017: $100,475Expenses 2017: $80,284Net Income 2017: $20,1912017Revenue 2018: $102,902Expenses 2018: $128,695Net Income 2018: -$25,7932018Revenue 2019: $104,400Expenses 2019: $140,983Net Income 2019: -$36,5832019Revenue 2020: $105,493Expenses 2020: $78,537Net Income 2020: $26,9562020Revenue 2021: $108,817Expenses 2021: $56,480Net Income 2021: $52,3372021Revenue 2022: $113,965Expenses 2022: $80,738Net Income 2022: $33,2272022

Highlighted filing

2018

Revenue$102,902
Expenses$128,695
Net Income-$25,793
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 5, 2019
Return Version
2018v3.1
Gross Receipts
$102,902
Mission and Program Overview

Mission

Distribute charitable donations primarily to the canadian valley service area.

Program Services

DescriptionGrantsExpenses
DISBURSEMENT OF FUNDS PROVIDED PRIMARILY BY THE CVEC ROUND UP PROGRAM FOR BOTH PERSONAL AND COMMUNITY BENEVOLENT NEEDS.-$126,695
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CHARLES ANNANDERSPresident-$0--
MIKE MATLOCKMember-$0--
FRANK OLIVERTreasurer-$0--
DIAN DAWSONVice-Preside-$0--
LARRY SPOONEMOREMember-$0--
SHIRLEY BORENSecretary-$0--
TOM MIKLESMember-$0--
ELIZABETH GUYMember-$0--
Filing and Contact Details

Filer

Filer Name
Cvec Foundation Inc
EIN
73-1553974
Phone
4052734680
Address
PO BOX 751, SEMINOLE, OK 74818

Signing Officer

Name
Charles Annanders
Title
President
Phone
4052734680
Signed
2019-06-05
Discuss with paid preparer
Yes

Preparer

Firm
Gibson & Reynolds Pc
Address
PO BOX 549, SHAWNEE, OK 74802-0549
Preparer
Clinton C Parker CPA
Phone
4052755110
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses appliances 858 bank charges 27 board memb mileage 1,099 building equipment 2,500 county 4-h projects 2,500 dental work 8,306 dentures 6,145 eyeglasses 1,618 food & groceries 400 funeral 5,000 gasoline 116 gravel 1,000 hearing aids 800 house insurance 379 household 2,500 meals & entertainent 183 medical supplies 3,251 mileage reimb volunteers 2,940 mortgage and loan pmts 13,598 playground equipment 2,950 propane 378 property taxes 1,593 rent 31,317 repairs and maintenance 1,403 robotics program 1,240 rural fire assoc 15,095 school saferoom 10,000 tree removal 3,750 vehicle insurance 269 vehicle pmts 4,715 vehicle tags 686 water bill 76 rounding 3 total 126,695

Form 990-ez, Part II, Line 24

Accounts receivable 8,523 8,422 total 8,523 8,422

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 10,660 20,744

Form 990-ez, Part III

Distribute charitable donations primarily to the canadian valley service area.

Raw XML Appendix174 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PhoneNum04053823680
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 751
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SEMINOLE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OK
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd074818
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IRS990EZ/ExcessOrDeficitForYearAmt0-25793
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IRS990EZ/FiledScheduleAInd0true
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IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
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IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0231006
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0205213
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IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0205213
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt4000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt5000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt6000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt7000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0CHARLES ANNANDERS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1MIKE MATLOCK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2FRANK OLIVER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3DIAN DAWSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4LARRY SPOONEMORE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5SHIRLEY BOREN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6TOM MIKLES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7ELIZABETH GUY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3VICE-PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt08523
IRS990EZ/OtherAssetsTotalDetail/EOYAmt08422
IRS990EZ/OtherExpensesTotalAmt0126695
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0DISTRIBUTE CHARITABLE DONATIONS PRIMARILY TO THE CANADIAN VALLEY SERVICE AREA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0DISBURSEMENT OF FUNDS PROVIDED PRIMARILY BY THE CVEC ROUND UP PROGRAM FOR BOTH PERSONAL AND COMMUNITY BENEVOLENT NEEDS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0126695
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0OK
IRS990EZ/SubjectToProxyTaxInd0false
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IRS990EZ/TanningServicesProvidedInd0false
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IRS990EZ/TotalRevenueAmt0102902
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt099477
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0263
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IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99250
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0497900
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES APPLIANCES 858 BANK CHARGES 27 BOARD MEMB MILEAGE 1,099 BUILDING EQUIPMENT 2,500 COUNTY 4-H PROJECTS 2,500 DENTAL WORK 8,306 DENTURES 6,145 EYEGLASSES 1,618 FOOD & GROCERIES 400 FUNERAL 5,000 GASOLINE 116 GRAVEL 1,000 HEARING AIDS 800 HOUSE INSURANCE 379 HOUSEHOLD 2,500 MEALS & ENTERTAINENT 183 MEDICAL SUPPLIES 3,251 MILEAGE REIMB VOLUNTEERS 2,940 MORTGAGE AND LOAN PMTS 13,598 PLAYGROUND EQUIPMENT 2,950 PROPANE 378 PROPERTY TAXES 1,593 RENT 31,317 REPAIRS AND MAINTENANCE 1,403 ROBOTICS PROGRAM 1,240 RURAL FIRE ASSOC 15,095 SCHOOL SAFEROOM 10,000 TREE REMOVAL 3,750 VEHICLE INSURANCE 269 VEHICLE PMTS 4,715 VEHICLE TAGS 686 WATER BILL 76 ROUNDING 3 TOTAL 126,695
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 8,523 8,422 TOTAL 8,523 8,422
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 10,660 20,744
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DISTRIBUTE CHARITABLE DONATIONS PRIMARILY TO THE CANADIAN VALLEY SERVICE AREA.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES ANNANDERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04052734680
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-06-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CVEC FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0CVEC
ReturnHeader/Filer/EIN0731553974
ReturnHeader/Filer/PhoneNum04052734680
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 751
ReturnHeader/Filer/USAddress/CityNm0SEMINOLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OK
ReturnHeader/Filer/USAddress/ZIPCd074818
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId056EC9BE80678090E689F3A7EA46BD157FB3B05FD
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0172.5.73.159
ReturnHeader/FilingSecurityInformation/IPDt02019-06-17
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm011:00:45
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0731438321
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GIBSON & REYNOLDS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 549
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SHAWNEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0748020549
ReturnHeader/PreparerPersonGrp/PhoneNum04052755110
ReturnHeader/PreparerPersonGrp/PreparationDt02019-06-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CLINTON C PARKER CPA
ReturnHeader/ReturnTs02019-06-17T11:00:45-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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