Civic Intelligence

National Sheep Improvement Program

990 • Fiscal year 2022 • EIN 74-2477116

Oct 01, 2021 to Sep 30, 2022 • Filed on Feb 27, 2023

9785 Maroon Cr 360Englewood, CO 80112

(303) 771-3500

Siviq Scores

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

Liabilities / Assets

95th percentile

0.30x

Higher debt load relative to assets than 95% of similar nonprofits.

2022 filings • 501(c)5 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

92nd percentile

0.16x

Higher debt load relative to revenue than 92% of similar nonprofits.

2022 filings • 501(c)5 • <$500k nonprofits • Source year 2022

Net Margin

71st percentile

13%

Higher net margin than 71% of similar nonprofits.

2022 filings • 501(c)5 • <$500k nonprofits • Source year 2022

Top Officer Pay

93rd percentile

$54,000

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 23.8% of source-year revenue.

2022 filings • 501(c)5 • <$500k nonprofits • Source year 2022

Asset Growth

97th percentile

75%

Faster asset growth than 97% of similar nonprofits.

2022 filings • 501(c)5 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

74th percentile

11%

Faster revenue growth than 74% of similar nonprofits.

2022 filings • 501(c)5 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$120,083

Up $51,405 (+75%) from 2021

Net Assets

Up

$84,640

Up $29,909 (+55%) from 2021

Liabilities

Up

$35,443

Up $21,496 (+154%) from 2021

Revenue

Up

$226,741

Up $22,485 (+11%) from 2021

Expenses

Up

$196,832

Up $17,497 (+9.8%) from 2021

Net Income

Up

$29,909

Up $4,988 (+20%) from 2021

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2011: $29,216Liabilities 2011: $4,9362011Assets 2012: $44,993Liabilities 2012: $02012Assets 2013: $38,430Liabilities 2013: $02013Assets 2014: $66,866Liabilities 2014: $15,1862014Assets 2015: $38,959Liabilities 2015: $3,3952015Assets 2016: $50,494Liabilities 2016: $16,8352016Assets 2017: $44,248Liabilities 2017: $3182017Assets 2018: $30,418Liabilities 2018: $11,6022018Assets 2019: $43,778Liabilities 2019: $9,5522019Assets 2020: $37,005Liabilities 2020: $7,1952020Assets 2021: $68,678Liabilities 2021: $13,947Net Assets 2021: $54,7312021Assets 2022: $120,083Liabilities 2022: $35,443Net Assets 2022: $84,6402022Assets 2023: $127,319Liabilities 2023: $36,669Net Assets 2023: $90,6502023Assets 2024: $79,836Liabilities 2024: $72,554Net Assets 2024: $7,2822024Assets 2025: $75,979Liabilities 2025: $67,705Net Assets 2025: $8,2742025

Highlighted filing

2022

Assets$120,083
Liabilities$35,443
Net Assets$84,640

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $36,619Expenses 2011: $30,724Net Income 2011: $5,8952011Revenue 2012: $51,617Expenses 2012: $30,904Net Income 2012: $20,7132012Revenue 2013: $54,765Expenses 2013: $61,328Net Income 2013: -$6,5632013Revenue 2014: $102,510Expenses 2014: $89,260Net Income 2014: $13,2502014Revenue 2015: $110,055Expenses 2015: $126,171Net Income 2015: -$16,1162015Revenue 2016: $134,585Expenses 2016: $136,490Net Income 2016: -$1,9052016Revenue 2017: $149,528Expenses 2017: $139,257Net Income 2017: $10,2712017Revenue 2018: $89,488Expenses 2018: $114,602Net Income 2018: -$25,1142018Revenue 2019: $181,203Expenses 2019: $165,793Net Income 2019: $15,4102019Revenue 2020: $145,466Expenses 2020: $149,882Net Income 2020: -$4,4162020Revenue 2021: $204,256Expenses 2021: $179,335Net Income 2021: $24,9212021Revenue 2022: $226,741Expenses 2022: $196,832Net Income 2022: $29,9092022Revenue 2023: $279,938Expenses 2023: $273,928Net Income 2023: $6,0102023Revenue 2024: $195,598Expenses 2024: $278,966Net Income 2024: -$83,3682024Revenue 2025: $281,228Expenses 2025: $280,236Net Income 2025: $9922025

Highlighted filing

2022

Revenue$226,741
Expenses$196,832
Net Income$29,909
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Feb 27, 2023
Return Version
2021v4.0
Gross Receipts
$226,741
Mission and Program Overview

Mission

To provide predictable, economically important genetic evaluation information to the american sheep industry by converting performance records into relevant decision-making tools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$47,789$62,826▲ $15,037
Accounts Receivable$20,889$57,257▲ $36,368
Total Assets$68,678$120,083▲ $51,405
Liabilities
Accounts Payable and Accrued Expenses$13,947$35,443▲ $21,496
Total Liabilities$13,947$35,443▲ $21,496
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$54,731$84,640▲ $29,909
Total Net Assets Fund Balance$54,731$84,640▲ $29,909
Total Liabilities and Net Assets / Fund Balance$68,678$120,083▲ $51,405
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Russell BurgettExecutive DiFT$54,000$54,000

Board Members and Trustees

NameTitle
Brenda ReauChair
Gavin BlonquistDirector
Kristin BieberDirector
Robert WalkerDirector
Zach MeindersDirector
Cody Hiemke1st Vice CHA
Andrew Weaver2nd Vice CHA
Larry KincaidCFO
Lisa WeeksSecretary
Bill ShultzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$14,100
Program Service Revenue
$212,641
Investment Income
$0
Other Revenue
$0
All Other Contributions
$14,100
Change in Net Assets
$29,909
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$141,617
Salaries, Compensation, and Employee Benefits$55,215
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$55,215
Fees for Services Other---$11,050
Insurance---$5,232
Other Expenses---$1,112
Conferences and Meetings---$840
Travel---$597
All Other Expenses---$401
Office Expenses---$20
Total Functional Expenses$0$0$0$196,832
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 6

The organizaiton has members.

Form 990, Page 6, Part VI, Line 11B

A copy of 990 is provided to the executive team (i.e. Officers) of the board prior to filing the form.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
National Sheep Improvement
EIN
74-2477116
Phone
3037713500
Address
9785 MAROON CR 360, ENGLEWOOD, CO 80112

Signing Officer

Name
Larry Kincaid
Title
CFO
Phone
3037713500
Signed
2023-02-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Russell Burgett
Formed
1986
Legal Domicile
Co
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Jds Professional Group
Address
10303 E DRY CREEK RD STE 400, ENGLEWOOD, CO 80112
Preparer
Lori B Bauer CPA
Phone
3037710123
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IRS990/WebsiteAddressTxt0NSIP.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LARRY KINCAID
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum03037713500
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-02-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NATIONAL SHEEP IMPROVEMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0PROGRAM
ReturnHeader/Filer/BusinessNameControlTxt0NATI
ReturnHeader/Filer/EIN0742477116
ReturnHeader/Filer/PhoneNum03037713500
ReturnHeader/Filer/USAddress/AddressLine1Txt09785 MAROON CR 360
ReturnHeader/Filer/USAddress/CityNm0ENGLEWOOD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080112
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0208019714
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JDS PROFESSIONAL GROUP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010303 E DRY CREEK RD STE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ENGLEWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd080112
ReturnHeader/PreparerPersonGrp/PhoneNum03037710123
ReturnHeader/PreparerPersonGrp/PreparationDt02023-02-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LORI B BAUER CPA
ReturnHeader/ReturnTs02023-02-28T14:35:47-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LARRY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KINCAID
ReturnHeader/TaxPeriodBeginDt02021-10-01
ReturnHeader/TaxPeriodEndDt02022-09-30
ReturnHeader/TaxYr02021

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.76$0.68$0.08$2.81$2.80$0.01
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.73$0.07$1.96$2.79$0.83
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.27$0.37$0.91$2.80$2.74$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.20$0.35$0.85$2.27$1.97$0.30
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.69$0.14$0.55$2.04$1.79$0.25
2020Summary only. Only limited summary data is available for this year.$0.37$0.07$1.45$1.50$0.04
2019Summary only. Only limited summary data is available for this year.$0.44$0.10$1.81$1.66$0.15
2018Summary only. Only limited summary data is available for this year.$0.30$0.12$0.89$1.15$0.25
2017Summary only. Only limited summary data is available for this year.$0.44$0.00$1.50$1.39$0.10
2016Summary only. Only limited summary data is available for this year.$0.50$0.17$1.35$1.36$0.02
2015Summary only. Only limited summary data is available for this year.$0.39$0.03$1.10$1.26$0.16
2014Summary only. Only limited summary data is available for this year.$0.67$0.15$1.03$0.89$0.13
2013Summary only. Only limited summary data is available for this year.$0.38$0.00$0.55$0.61$0.07
2012Summary only. Only limited summary data is available for this year.$0.45$0.00$0.52$0.31$0.21
2011Summary only. Only limited summary data is available for this year.$0.29$0.05$0.37$0.31$0.06