Civic Intelligence

Cvec Foundation Inc.

990EZ • Fiscal year 2020 • EIN 73-1553974

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 17, 2021

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

74th percentile

0.09x

Higher debt load relative to assets than 74% of similar nonprofits.

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

Liabilities / Revenue

83rd percentile

0.19x

Higher debt load relative to revenue than 83% of similar nonprofits.

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

Net Margin

75th percentile

26%

Higher net margin than 75% of similar nonprofits.

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

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

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

Asset Growth

65th percentile

18%

Faster asset growth than 65% of similar nonprofits.

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

Revenue Growth

65th percentile

1.0%

Faster revenue growth than 65% of similar nonprofits.

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

Assets

Up

$216,046

Up $32,190 (+18%) from 2019

Net Assets

Up

$195,586

Up $26,956 (+16%) from 2019

Liabilities

Up

$20,460

Up $5,234 (+34%) from 2019

Revenue

Up

$105,493

Up $1,093 (+1.0%) from 2019

Expenses

Down

$78,537

Down $62,446 (-44%) from 2019

Net Income

Up

$26,956

Up $63,539 (+174%) from 2019

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

2020

Assets$216,046
Liabilities$20,460
Net Assets$195,586

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

2020

Revenue$105,493
Expenses$78,537
Net Income$26,956
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 17, 2021
Return Version
2020v4.0
Gross Receipts
$105,493
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.-$74,673
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CHARLES ANNANDERSPresident-$0--
MIKE MATLOCKTreasurer-$0--
DIAN DAWSONVice-Preside-$0--
LARRY SPOONEMOREMember-$0--
SHIRLEY BORENSecretary-$0--
TOM MIKLESMember-$0--
ELIZABETH GUYMember-$0--
BENNY FLOYDMember-$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
2021-08-17
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 -355 auto 1,000 bank charges 158 board memb mileage 1,014 clothing -13 computer equipment 3,625 dental work 3,593 dentures 10,700 eyeglasses 952 food & groceries 2,000 funeral 3,000 hearing aids 1,500 heat and air unit 3,000 household 800 medical supplies 4,952 mileage reimb volunteers 6,535 mortgage and loan pmts 1,446 propane 352 rent 5,188 repairs 2,800 repairs and maintenance 4,000 rural fire assoc 10,632 storm shelter 5,000 vehicle insurance 808 water well repair 3,000 total 75,687

Form 990-ez, Part II, Line 24

Accounts receivable 8,528 8,866 total 8,528 8,866

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 15,226 20,460

Form 990-ez, Part III

Distribute charitable donations primarily to the canadian valley service area.

Raw XML Appendix177 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
CompensationExplanation/CompensationExplanationGrp/PersonNm0CHARLES ANNANDERS
CompensationExplanation/CompensationExplanationGrp/PersonNm1MIKE MATLOCK
CompensationExplanation/CompensationExplanationGrp/PersonNm2DIAN DAWSON
CompensationExplanation/CompensationExplanationGrp/PersonNm3LARRY SPOONEMORE
CompensationExplanation/CompensationExplanationGrp/PersonNm4SHIRLEY BOREN
CompensationExplanation/CompensationExplanationGrp/PersonNm5TOM MIKLES
CompensationExplanation/CompensationExplanationGrp/PersonNm6ELIZABETH GUY
CompensationExplanation/CompensationExplanationGrp/PersonNm7BENNY FLOYD
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IRS990EZ/BooksInCareOfDetail/PhoneNum04053823680
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SEMINOLE
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IRS990EZ/ExcessOrDeficitForYearAmt026956
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IRS990EZ/FiledScheduleAInd0true
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IRS990EZ/MethodOfAccountingAccrualInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3LARRY SPOONEMORE
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5TOM MIKLES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6ELIZABETH GUY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7BENNY FLOYD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE-PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt08528
IRS990EZ/OtherAssetsTotalDetail/EOYAmt08866
IRS990EZ/OtherExpensesTotalAmt075687
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/ProgramServiceExpensesAmt074673
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
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IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0OK
IRS990EZ/SubjectToProxyTaxInd0false
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IRS990EZ/TanningServicesProvidedInd0false
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IRS990EZ/TotalRevenueAmt0105493
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0101364
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IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt06615
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01667
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IRS990ScheduleA/InvestmentIncomeCYPct00.01000
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98710
IRS990ScheduleA/PublicSupportPY509Pct00.98930
IRS990ScheduleA/PublicSupportTotal509Amt0505255
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0100475
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt098600
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0511870
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES APPLIANCES -355 AUTO 1,000 BANK CHARGES 158 BOARD MEMB MILEAGE 1,014 CLOTHING -13 COMPUTER EQUIPMENT 3,625 DENTAL WORK 3,593 DENTURES 10,700 EYEGLASSES 952 FOOD & GROCERIES 2,000 FUNERAL 3,000 HEARING AIDS 1,500 HEAT AND AIR UNIT 3,000 HOUSEHOLD 800 MEDICAL SUPPLIES 4,952 MILEAGE REIMB VOLUNTEERS 6,535 MORTGAGE AND LOAN PMTS 1,446 PROPANE 352 RENT 5,188 REPAIRS 2,800 REPAIRS AND MAINTENANCE 4,000 RURAL FIRE ASSOC 10,632 STORM SHELTER 5,000 VEHICLE INSURANCE 808 WATER WELL REPAIR 3,000 TOTAL 75,687
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 8,528 8,866 TOTAL 8,528 8,866
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 15,226 20,460
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/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES ANNANDERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04052734680
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-17
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/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/PreparationDt02021-08-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CLINTON C PARKER CPA
ReturnHeader/ReturnTs02021-08-18T08:18:28-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHARLES
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ANNANDERS
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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