Civic Intelligence

Kute Inc.

990 • Fiscal year 2019 • EIN 74-2392817

Oct 01, 2018 to Sep 30, 2019 • Filed on Apr 17, 2020

PO Box 737Ignacio, CO 81137

(970) 563-0255

Siviq Scores

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

Liabilities / Assets

55th percentile

0.11x

Higher debt load relative to assets than 55% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

69th percentile

0.25x

Higher debt load relative to revenue than 69% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

83rd percentile

28%

Higher net margin than 83% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

49th percentile

$60,080

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

82nd percentile

23%

Faster asset growth than 82% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

5th percentile

-49%

Faster revenue growth than 5% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$3,322,914

Up $628,529 (+23%) from 2018

Net Assets

Up

$2,954,116

Up $413,262 (+16%) from 2018

Liabilities

Up

$368,798

Up $215,267 (+140%) from 2018

Revenue

Down

$1,500,690

Down $1,467,206 (-49%) from 2018

Expenses

Down

$1,087,428

Down $25,736 (-2.3%) from 2018

Net Income

Down

$413,262

Down $1,441,470 (-78%) from 2018

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $965,620Liabilities 2011: $109,811Net Assets 2011: $855,8092011Assets 2012: $814,315Liabilities 2012: $84,813Net Assets 2012: $729,5022012Assets 2013: $675,829Liabilities 2013: $82,728Net Assets 2013: $593,1012013Assets 2014: $818,629Liabilities 2014: $111,036Net Assets 2014: $707,5932014Assets 2015: $767,417Liabilities 2015: $99,095Net Assets 2015: $668,3222015Assets 2016: $600,183Liabilities 2016: $117,460Net Assets 2016: $482,7232016Assets 2017: $795,818Liabilities 2017: $109,696Net Assets 2017: $686,1222017Assets 2018: $2,694,385Liabilities 2018: $153,531Net Assets 2018: $2,540,8542018Assets 2019: $3,322,914Liabilities 2019: $368,798Net Assets 2019: $2,954,1162019Assets 2020: $3,678,214Liabilities 2020: $713,837Net Assets 2020: $2,964,3772020Assets 2021: $3,332,533Liabilities 2021: $400,050Net Assets 2021: $2,932,4832021Assets 2022: $2,926,051Liabilities 2022: $415,899Net Assets 2022: $2,510,1522022Assets 2023: $2,457,822Liabilities 2023: $775,234Net Assets 2023: $1,682,5882023Assets 2024: $2,362,489Liabilities 2024: $1,089,577Net Assets 2024: $1,272,9122024

Highlighted filing

2019

Assets$3,322,914
Liabilities$368,798
Net Assets$2,954,116

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,145,580Expenses 2011: $1,054,737Net Income 2011: $90,8432011Revenue 2012: $992,392Expenses 2012: $1,118,699Net Income 2012: -$126,3072012Expenses 2013: $1,004,8592013Revenue 2014: $1,058,101Expenses 2014: $943,609Net Income 2014: $114,4922014Revenue 2015: $981,233Expenses 2015: $1,020,504Net Income 2015: -$39,2712015Revenue 2016: $981,373Expenses 2016: $1,166,972Net Income 2016: -$185,5992016Revenue 2017: $1,121,109Expenses 2017: $1,028,471Net Income 2017: $92,6382017Revenue 2018: $2,967,896Expenses 2018: $1,113,164Net Income 2018: $1,854,7322018Revenue 2019: $1,500,690Expenses 2019: $1,087,428Net Income 2019: $413,2622019Revenue 2020: $1,474,368Expenses 2020: $1,438,829Net Income 2020: $35,5392020Revenue 2021: $1,648,266Expenses 2021: $1,680,160Net Income 2021: -$31,8942021Revenue 2022: $1,463,805Expenses 2022: $1,886,136Net Income 2022: -$422,3312022Revenue 2023: $2,259,801Expenses 2023: $2,883,665Net Income 2023: -$623,8642023Revenue 2024: $2,290,180Expenses 2024: $2,699,856Net Income 2024: -$409,6762024

Highlighted filing

2019

Revenue$1,500,690
Expenses$1,087,428
Net Income$413,262
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Apr 17, 2020
Return Version
2018v3.1
Gross Receipts
$1,542,040
Mission and Program Overview

Mission

KUTE operates as a public broadcasting organization that serves the four states of the Four Corners Region through a network of eight Federal Communications Commission (FCC) licensed transmitters and five FCC licensed translators.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$699,905$1,550,708▲ $850,803
Intangible Assets$228,684$541,334▲ $312,650
Pledges and Grants Receivable$1,504,693$367,592▼ $1,137,101
Cash and Non-Interest-Bearing Accounts$126,476$148,404▲ $21,928
Accounts Receivable$18,947$38,461▲ $19,514
Prepaid Expenses and Deferred Charges$9,512$33,658▲ $24,146
Land, Buildings, and Equipment, Net$35,432$28,341▼ $7,091
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$2,694,385$3,322,914▲ $628,529
Other Assets Total$70,736$614,416▲ $543,680
Liabilities
Accounts Payable and Accrued Expenses$80,616$308,088▲ $227,472
Deferred Revenue$72,915$60,710▼ $12,205
Total Liabilities$153,531$368,798▲ $215,267
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,184,807$1,796,803▼ $388,004
Unrestricted Net Assets$356,047$1,157,313▲ $801,266
Total Net Assets Fund Balance$2,540,854$2,954,116▲ $413,262
Total Liabilities and Net Assets / Fund Balance$2,694,385$3,322,914▲ $628,529

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$25,221$1,022,327$1,047,548
Other Land Buildings-$47,397$47,397
Buildings$3,120$24,354$27,474
Leasehold Improvements-$2,987$2,987
Other Assets Org$448--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tami GrahamExecutive DirectorFT$60,080$60,080

Board Members and Trustees

NameTitle
Susan KearnsPresident
Robert OrtizVice President
Bruce LeClaireDirector
Buz BriccaDirector
Dan FordDirector
Eddie Box JrDirector
Sara SheelerDirector
Kree LopezSecretary
Amy BarryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,024,587
Program Service Revenue
$417,509
Investment Income
$3,242
Other Revenue
$55,352
All Other Contributions
$789,284
Change in Net Assets
$413,262

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$296,000Fair Market Value (FMV)
Other Non Cash Contri Table8$10,067Fair Market Value (FMV)
Total Noncash Contributions9$306,067-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,542,040
Revenue Not Reported on Financial Statements
$-41,350
Revenue Not Reported on Form 990
$204,544
Other Revenue Adjustments
$-41,350
Total Revenue per Audited Statements
$1,746,584
Total Revenue per Form 990
$1,500,690
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$604,613
Other Expenses$482,815
Total Fundraising Expense$329,096
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$173,900$73,612$118,605$366,117
Other Employee Benefits$74,089$29,910$52,460$156,459
All Other Expenses$20,839$24,071$28,934$73,844
Occupancy$54,523$9,930$2,788$67,241
Current Officers, Directors, Trustees, and Key Employees$6,494$22,730$22,730$51,954
Payroll Taxes$6,323$14,070$9,690$30,083
Fees for Services Accounting-$29,140-$29,140
Other Expenses$451$1,307$25,299$27,057
Advertising$20,035$655$1,919$22,609
Depreciation Depletion$17,935$1,087-$19,022
Travel$3,291$791$12,914$16,996
Fees for Services Legal-$6,800-$6,800
Insurance-$2,587-$2,587
Total Functional Expenses$540,607$217,725$329,096$1,087,428

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,333,322
Expenses per Audited Statements$1,087,428
Total Expenses per Form 990$1,087,428
Expenses Not Reported on Form 990$245,894
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$85,793
Fundraising Direct Expenses$41,350
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Concert Series$44,362$44,362$19,399$24,963
Party in the Park$38,543$38,543$22,263$16,280
Total Events$82,905$82,905$41,662$41,243
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The Board of Directors have given the Executive Director and the Treasurer the responsibility of reviewing and approving the 990 information return. The Board of Directors receive a copy of the finalized return when complete.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board members report a conflict as it arises.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Manager salaries are reviewed and approved by the Board of Directors annually.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All governing documents, policies and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
KUTE Inc
EIN
74-2392817
Phone
9705630255
Address
PO Box 737, Ignacio, CO 81137

Signing Officer

Name
Tami Graham
Title
Executive Director
Signed
2020-04-17
Discuss with paid preparer
Yes

Organization Details

Formed
1975
Legal Domicile
Co
Voting Board Members
9
Independent Board Members
9
Employees
11
Volunteers
81

Preparer

Firm
FredrickZink & Associates PC CPAs
Address
954 East 2nd Avenue 201, Durango, CO 81301-5111
Preparer
Michelle Sainio
Phone
9702470506
Supplemental Narrative

Financial Statement Notes

Part XII, Line 2D: Other expenses and losses per audited F/S

Direct special event costs $41350

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.36$1.09$1.27$2.29$2.70$0.41
2023Detailed filing. Detailed filing data is available for this year.$2.46$0.78$1.68$2.26$2.88$0.62
2022Detailed filing. Detailed filing data is available for this year.$2.93$0.42$2.51$1.46$1.89$0.42
2021Detailed filing. Detailed filing data is available for this year.$3.33$0.40$2.93$1.65$1.68$0.03
2020Detailed filing. Detailed filing data is available for this year.$3.68$0.71$2.96$1.47$1.44$0.04
2019Detailed filing. Detailed filing data is available for this year.$3.32$0.37$2.95$1.50$1.09$0.41
2018Detailed filing. Detailed filing data is available for this year.$2.69$0.15$2.54$2.97$1.11$1.85
2017Detailed filing. Detailed filing data is available for this year.$0.80$0.11$0.69$1.12$1.03$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.60$0.12$0.48$0.98$1.17$0.19
2015Detailed filing. Detailed filing data is available for this year.$0.77$0.10$0.67$0.98$1.02$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.82$0.11$0.71$1.06$0.94$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.08$0.59$1.00
2012Summary only. Only limited summary data is available for this year.$0.81$0.08$0.73$0.99$1.12$0.13
2011Summary only. Only limited summary data is available for this year.$0.97$0.11$0.86$1.15$1.05$0.09
Peer Organizations

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