Civic Intelligence

Larimer County Partners Inc.

990 • Fiscal year 2021 • EIN 74-2486211

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 29, 2022

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

75th percentile

0.31x

Higher debt load relative to assets than 75% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

65th percentile

0.20x

Higher debt load relative to revenue than 65% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

26th percentile

0.2%

Higher net margin than 26% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

63rd percentile

$84,466

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 7.7% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

44th percentile

6.4%

Faster asset growth than 44% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

29th percentile

-1.7%

Faster revenue growth than 29% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$705,399

Up $42,227 (+6.4%) from 2020

Net Assets

Up

$484,877

Up $24,929 (+5.4%) from 2020

Liabilities

Up

$220,522

Up $17,298 (+8.5%) from 2020

Revenue

Down

$1,091,154

Down $19,049 (-1.7%) from 2020

Expenses

Up

$1,089,399

Up $17,637 (+1.6%) from 2020

Net Income

Down

$1,755

Down $36,686 (-95%) from 2020

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

2021

Assets$705,399
Liabilities$220,522
Net Assets$484,877

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

2021

Revenue$1,091,154
Expenses$1,089,399
Net Income$1,755
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 29, 2022
Return Version
2021v4.0
Gross Receipts
$1,122,213
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.

Our mission is to empower youth and community members to achieve their full potential through mentoring, prevention education and strategic partnership.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$243,164$235,501▼ $7,663
Cash and Non-Interest-Bearing Accounts$251,395$193,855▼ $57,540
Accounts Receivable$53,718$123,187▲ $69,469
Investments in Publicly Traded Securities$103,810$122,234▲ $18,424
Pledges and Grants Receivable-$18,106-
Prepaid Expenses and Deferred Charges$11,085$12,516▲ $1,431
Savings and Temporary Cash Investments-$0-
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$663,172$705,399▲ $42,227
Other Assets Total-$0-
Liabilities
Deferred Revenue$71,146$99,892▲ $28,746
Mortgage Notes Payable Secured by Investment Property$77,584$67,305▼ $10,279
Other Liabilities$30,677$30,210▼ $467
Accounts Payable and Accrued Expenses$23,817$23,115▼ $702
Total Liabilities$203,224$220,522▲ $17,298
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$459,948$484,877▲ $24,929
Total Net Assets Fund Balance$459,948$484,877▲ $24,929
Total Liabilities and Net Assets / Fund Balance$663,172$705,399▲ $42,227

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$155,644$168,985$324,629
Land$77,119-$77,119
Leasehold Improvements$2,738$54,581$57,319
Equipment-$32,844$32,844

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$103,810-▲ $19,830-$122,234
2020$92,465-▲ $12,688-$103,810
2019$78,167-▲ $15,585-$92,465
2018$83,442-▼ $4,016-$78,167
2017$34,824$40,000▲ $9,638-$83,442
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Heather VesgaardExecutive DirectorFT$78,236$6,230$84,466
Kimberly TarkaBusiness MgrPT$52,052$2,827$54,879

Board Members and Trustees

NameTitle
Nicholas L HoogendykChair
Travis SavageIncoming Chair
Kim JohnsonPast Chair
Amanda MeekDirector
David FinkelsteinDirector
Judy ChapmanDirector
Kevin WardDirector
LeAnne CollinsDirector
Menan BergmanDirector
Nate BrockDirector
Teal CollinsDirector
Jennifer HouskaSecretary
Devon BeitzelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$976,260
Program Service Revenue
$0
Investment Income
$160
Other Revenue
$114,734
All Other Contributions
$338,654
Change in Net Assets
$1,755

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 Table50$26,751
Total Noncash Contributions50$26,751

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,091,154
Revenue Not Reported on Form 990
$54,233
Total Revenue per Audited Statements
$1,145,387
Total Revenue per Form 990
$1,091,154
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$811,230
Other Expenses$278,169
Total Fundraising Expense$94,926
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$494,389$15,487$46,637$556,513
Current Officers, Directors, Trustees, and Key Employees$66,069$47,784$16,435$130,288
Other Employee Benefits$58,216$6,572$6,551$71,339
Payroll Taxes$43,324$4,891$4,875$53,090
All Other Expenses$46,893$2,819$2,820$52,532
Insurance$20,493$2,249$2,249$24,991
Other Expenses$14,327$1,709$1,709$14,327
Occupancy$13,920--$13,920
Depreciation Depletion$9,443$1,036$1,036$11,515
Travel$7,733$849$849$9,431
Fees for Services Other$6,806$747$747$8,300
Office Expenses$4,391$482$482$5,355
Interest$3,561$391$391$4,343
Advertising$3,154$346$346$3,846
Total Functional Expenses$898,997$95,476$94,926$1,089,399

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,120,458
Expenses per Audited Statements$1,089,399
Total Expenses per Form 990$1,089,399
Expenses Not Reported on Form 990$31,059
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$142,057
Fundraising Direct Expenses$31,059
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Party for Partners$70,766$70,766$7,628$63,138
Be The Difference$33,927$33,927$3,765$30,162
Total Events$142,057$142,057$31,059$110,998
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$30,210
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
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
2022-08-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Heather Vesgaard
Formed
1978
Legal Domicile
Co
Voting Board Members
13
Independent Board Members
13
Employees
24
Volunteers
600

Preparer

Firm
Haynie & Company
Address
1785 WEST 2300 SOUTH, SALT LAKE CITY, UT 84119
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 $472,650 (per independentsector.org, the value of the volunteer time in 2021 in Colorado is 31.51/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 mentors and mentees in mentoring relationships. Our mentoring 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$ 88,726 $10,279 $9,197

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 2021 and 2020 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 $31059

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

Fundraising Direct Costs $31059

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IRS990/Form990PartVIISectionAGrp/PersonNm5Devon Beitzel
IRS990/Form990PartVIISectionAGrp/PersonNm6David Finkelstein
IRS990/Form990PartVIISectionAGrp/PersonNm7Jennifer Houska
IRS990/Form990PartVIISectionAGrp/PersonNm8Teal Collins
IRS990/Form990PartVIISectionAGrp/PersonNm9Nate Brock
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IRS990/OtherExpensesGrp/FundraisingAmt12678
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IRS990/PYTotalExpensesAmt01071762
IRS990/PYTotalRevenueAmt01110203
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IRS990/RentalIncomeOrLossGrp/RealAmt01200
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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0685662
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0653495
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0651568
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IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01360
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01342

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