Civic Intelligence

Larimer County Partners Inc.

990 • Fiscal year 2019 • EIN 74-2486211

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 09, 2020

530 South College Avenue Unit 1Fort Collins, CO 80524

(970) 484-7123

Siviq Scores

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

Liabilities / Assets

80th percentile

0.34x

Higher debt load relative to assets than 80% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

79th percentile

0.25x

Higher debt load relative to revenue than 79% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

43rd percentile

1.2%

Higher net margin than 43% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

77th percentile

$72,084

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 8.4% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

58th percentile

6.4%

Faster asset growth than 58% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

61st percentile

10%

Faster revenue growth than 61% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$622,190

Up $37,585 (+6.4%) from 2018

Net Assets

Up

$410,162

Up $24,318 (+6.3%) from 2018

Liabilities

Up

$212,028

Up $13,267 (+6.7%) from 2018

Revenue

Up

$862,829

Up $79,165 (+10%) from 2018

Expenses

Up

$852,810

Up $39,689 (+4.9%) from 2018

Net Income

Up

$10,019

Up $39,476 (+134%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $723,773Liabilities 2010: $180,779Net Assets 2010: $542,9942010Assets 2011: $651,561Liabilities 2011: $174,091Net Assets 2011: $477,4702011Assets 2012: $658,744Liabilities 2012: $213,404Net Assets 2012: $445,3402012Assets 2013: $634,981Liabilities 2013: $188,509Net Assets 2013: $446,4722013Assets 2014: $615,769Liabilities 2014: $247,846Net Assets 2014: $367,9232014Assets 2015: $618,045Liabilities 2015: $198,781Net Assets 2015: $419,2642015Assets 2016: $687,649Liabilities 2016: $226,258Net Assets 2016: $461,3912016Assets 2017: $632,229Liabilities 2017: $211,652Net Assets 2017: $420,5772017Assets 2018: $584,605Liabilities 2018: $198,761Net Assets 2018: $385,8442018Assets 2019: $622,190Liabilities 2019: $212,028Net Assets 2019: $410,1622019Assets 2020: $663,172Liabilities 2020: $203,224Net Assets 2020: $459,9482020Assets 2021: $705,399Liabilities 2021: $220,522Net Assets 2021: $484,8772021Assets 2022: $762,433Liabilities 2022: $285,942Net Assets 2022: $476,4912022Assets 2023: $810,762Liabilities 2023: $278,869Net Assets 2023: $531,8932023Assets 2024: $856,730Liabilities 2024: $279,876Net Assets 2024: $576,8542024

Highlighted filing

2019

Assets$622,190
Liabilities$212,028
Net Assets$410,162

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $624,6052010Expenses 2011: $682,8342011Revenue 2012: $710,091Expenses 2012: $744,296Net Income 2012: -$34,2052012Revenue 2013: $705,159Expenses 2013: $708,153Net Income 2013: -$2,9942013Revenue 2014: $636,429Expenses 2014: $714,798Net Income 2014: -$78,3692014Revenue 2015: $736,639Expenses 2015: $685,298Net Income 2015: $51,3412015Revenue 2016: $865,291Expenses 2016: $825,596Net Income 2016: $39,6952016Revenue 2017: $789,328Expenses 2017: $838,760Net Income 2017: -$49,4322017Revenue 2018: $783,664Expenses 2018: $813,121Net Income 2018: -$29,4572018Revenue 2019: $862,829Expenses 2019: $852,810Net Income 2019: $10,0192019Revenue 2020: $1,110,203Expenses 2020: $1,071,762Net Income 2020: $38,4412020Revenue 2021: $1,091,154Expenses 2021: $1,089,399Net Income 2021: $1,7552021Revenue 2022: $1,280,366Expenses 2022: $1,270,807Net Income 2022: $9,5592022Revenue 2023: $1,360,159Expenses 2023: $1,327,760Net Income 2023: $32,3992023Revenue 2024: $1,401,525Expenses 2024: $1,382,315Net Income 2024: $19,2102024

Highlighted filing

2019

Revenue$862,829
Expenses$852,810
Net Income$10,019
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 9, 2020
Return Version
2019v5.0
Gross Receipts
$916,876
Mission and Program Overview

Mission

The mission of partners mentoring youth is to create and support one-to-one mentoring relationships between positive adult role models and youth facing challenges in their personal, social and academic lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$268,716$254,162▼ $14,554
Accounts Receivable$120,633$169,159▲ $48,526
Cash and Non-Interest-Bearing Accounts$103,586$95,432▼ $8,154
Investments in Publicly Traded Securities$78,166$92,465▲ $14,299
Prepaid Expenses and Deferred Charges$13,504$10,972▼ $2,532
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$584,605$622,190▲ $37,585
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$80,855$95,415▲ $14,560
Mortgage Notes Payable Secured by Investment Property$96,324$87,214▼ $9,110
Other Liabilities$21,382$23,099▲ $1,717
Deferred Revenue$200$6,300▲ $6,100
Total Liabilities$198,761$212,028▲ $13,267
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$385,844$410,162▲ $24,318
Total Net Assets Fund Balance$385,844$410,162▲ $24,318
Total Liabilities and Net Assets / Fund Balance$584,605$622,190▲ $37,585

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$167,732$156,897$324,629
Land$77,119-$77,119
Leasehold Improvements$9,311$48,008$57,319
Equipment-$32,844$32,844

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$78,167-▲ $15,585-$92,465
2018$83,442-▼ $4,016-$78,167
2017$34,824$40,000▲ $9,638-$83,442
2016$32,392-▲ $2,925-$34,824
2015$32,392-▲ $493-$32,392
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Heather VesgaardExecutive DirectorFT$71,155$929$72,084
Kimberly TarkaBusiness MgrPT$40,469-$40,469

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$685,662
Program Service Revenue
$0
Investment Income
$65
Other Revenue
$177,102
All Other Contributions
$412,233
Change in Net Assets
$10,019

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 Amount
Other Non Cash Contri Table138$41,856
Total Noncash Contributions138$41,856

Audited Revenue Reconciliation

Revenue per Audited Statements
$862,829
Revenue Not Reported on Form 990
$68,346
Total Revenue per Audited Statements
$931,175
Total Revenue per Form 990
$862,829
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$611,325
Other Expenses$241,485
Total Fundraising Expense$78,378
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$362,745$2,933$33,814$399,492
Current Officers, Directors, Trustees, and Key Employees$57,903$39,490$14,231$111,624
Other Employee Benefits$51,665$5,210$5,901$62,776
Payroll Taxes$30,807$3,107$3,519$37,433
All Other Expenses$30,424$1,884$1,867$34,175
Insurance$12,864$1,255$1,569$15,688
Depreciation Depletion$11,727$1,130$1,272$14,129
Occupancy$10,775$1,051$1,314$13,140
Other Expenses$8,002$781$976$9,759
Travel$7,587$740$925$9,252
Fees for Services Other$6,478$632$790$7,900
Interest$4,520$441$551$5,512
Advertising$3,696$361$451$4,508
Office Expenses$3,202$309$347$3,858
Total Functional Expenses$706,092$68,340$78,378$852,810

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$906,857
Expenses per Audited Statements$852,810
Total Expenses per Form 990$852,810
Expenses Not Reported on Form 990$54,047
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$221,302
Fundraising Direct Expenses$54,047
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Party for Partners$86,385$86,385$16,963$69,422
Other Events$45,982$45,982$12,327$33,655
Total Events$221,302$221,302$54,047$167,255
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll$23,099
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 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
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, Part VI, Line 11B: Form 990 Review Process

A draft of Form 990 is reviewed by the chief executive and chief executive officers prior to the 990 being filed. A copy of the form 990 is provided to the board of directors prior to filing.

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

Officers, directors and committee members shall give the Board of Directors notice of such interest or given notice of such conflict of interest at the beginning of the discussion and thereafter refrain from discussing or voting on the particular transaction in which he or she has an interest or otherwise attempting to exert and influence on Larimer County Partners, Inc. (Partners Mentoring Youth), its Board of Directors, or its committees, to affect its decision to participate or not participate in such transactions. The minutes of the meeting shall reflect that a disclosure was made, and the abstention from the discussion and voting on the particular transaction.

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

The Executive Directors compensation is approved by the executive committee, which is comprised of independent board members.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Compensation of other employees in based on salary comparisons for comparable positions in the local nonprofit sector.

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

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

Filing and Contact Details

Filer

Filer Name
Larimer County Partners Inc
EIN
74-2486211
Phone
9704847123
Address
530 South College Avenue Unit 1, Fort Collins, CO 80524

Signing Officer

Name
Heather Vesgaard
Title
Executive Director
Signed
2020-06-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Heather Vesgaard
Formed
1978
Legal Domicile
Co
Voting Board Members
14
Independent Board Members
14
Employees
14
Volunteers
600

Preparer

Firm
Haynie & Company
Address
1785 WEST 2300 SOUTH, SALT LAKE CITY, UT 84119-2065
Preparer
Brian S Jacobson CPA
Phone
8019724800
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 6

Volunteers are vital to our organization and they enhance our ability to fulfill our mission. In fact, without volunteers, we could not run our program effectively. Our organization utilizes approximately 600 volunteers per year in a variety of capacities including Senior Partners (mentors), Activity Volunteers event committee members, Board/Advisory Council members, interns and general event/office volunteers contributed 15,000 hours to Partners, valued at $370,350 (per independentsector.org, the value of the volunteer time in 2019 in Colorado is 24.69/hr).

Form 990, Part III, Line 4A - First Accomplishment

The specific objectives of the long-term, mentoring relationships is to: promote positive youth development, increase self-esteems and self-confidence, prevent alcohol and drug use, prevent juvenile delinquency, provide support for abuse/neglect victims, and enhance school bonding and academic performance. Partners operates the only one-to-one mentoring program in northern Colorado that provides supported relationships based on mentoring best practices and evidence based evaluation data. Our unique mentoring structure of intensive case management, significant duration, focused education and structured activities provides the necessary foundation to ensure the development of supportive mentoring Partnerships/ Our Community Based and School Based Mentoring programs support Senior Partners (adults) and Junior Partners (youth) in mentoring relationships. Our programs are a minimum of one year and one academic year respectively. We have offices in Fort Collins. Greeley and Estes Park. We are and affiliate of the statewide Partners Mentoring Association, and an affiliate member of Mentor Colorado.In addition to grant funding, we rely on public finding through individual, corporate and foundation gifts to operate out mentoring program.

Form 990, Part IX, Line 11G - Other fees for services

DescriptionContracted ServicesProgram Services MGT & General Fundraising$ 58,097 $5,668 $7,085

Financial Statement Notes

Part X : FIN48 Footnote

The Organization is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code, except on net income derived from unrelated business activities and believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The Organizations' federal tax returns (form 990) for 2019 and 2018 are subject to examination by the IRS, generally for three yeas after the returns are filed.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Fundraising Direct Costs $54047

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

Fundraising Direct Costs $54047

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IRS990/Form990PartVIISectionAGrp/PersonNm8Drew Yancey
IRS990/Form990PartVIISectionAGrp/PersonNm9Jennifer Houska
IRS990/Form990PartVIISectionAGrp/PersonNm10Stephanie Dohn-Augusto
IRS990/Form990PartVIISectionAGrp/PersonNm11Jerry Horvath
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IRS990/Form990PartVIISectionAGrp/PersonNm13LeAnn Collins
IRS990/Form990PartVIISectionAGrp/PersonNm14Staci Datteri
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt1Business Mgr
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Past Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt5Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt6Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt7Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
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IRS990/InsuranceGrp/FundraisingAmt01569
IRS990/InsuranceGrp/ManagementAndGeneralAmt01255
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IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt03650
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt03650
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05210
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt051665
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IRS990/OtherExpensesGrp/Desc0CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc1In-kind Expenses
IRS990/OtherExpensesGrp/Desc2Volunteer Screening and Suppor
IRS990/OtherExpensesGrp/Desc3BUILDING MAINT. & REPAIRS-CDC
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IRS990/OtherExpensesGrp/FundraisingAmt13766
IRS990/OtherExpensesGrp/FundraisingAmt2976
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05668
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IRS990/OtherExpensesGrp/ProgramServicesAmt210860
IRS990/OtherExpensesGrp/ProgramServicesAmt38002
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IRS990/OtherExpensesGrp/TotalAmt210860
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IRS990/PayrollTaxesGrp/FundraisingAmt03519
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03107
IRS990/PayrollTaxesGrp/ProgramServicesAmt030807
IRS990/PayrollTaxesGrp/TotalAmt037433
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013504
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010972
IRS990/PrincipalOfficerNm0Heather Vesgaard
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0653495
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IRS990/PYInvestmentIncomeAmt0129
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IRS990/PYOtherRevenueAmt0130040
IRS990/PYRevenuesLessExpensesAmt0-29457
IRS990/PYSalariesCompEmpBnftPaidAmt0577690
IRS990/PYTotalExpensesAmt0813121
IRS990/PYTotalRevenueAmt0783664
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt010019
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt03650
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.86$0.28$0.58$1.40$1.38$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.81$0.28$0.53$1.36$1.33$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.76$0.29$0.48$1.28$1.27$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.71$0.22$0.48$1.09$1.09$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.66$0.20$0.46$1.11$1.07$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.62$0.21$0.41$0.86$0.85$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.58$0.20$0.39$0.78$0.81$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.63$0.21$0.42$0.79$0.84$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.69$0.23$0.46$0.87$0.83$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.62$0.20$0.42$0.74$0.69$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.62$0.25$0.37$0.64$0.71$0.08
2013Detailed filing. Detailed filing data is available for this year.$0.63$0.19$0.45$0.71$0.71$0.00
2012Summary only. Only limited summary data is available for this year.$0.66$0.21$0.45$0.71$0.74$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.17$0.48$0.68
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.18$0.54$0.62