Civic Intelligence

Codefi Foundation on Rural Innovation

EIN 81-2556748 • 501(c)3 • Cape Girardeau, MO

Profile

The foundation is dedicated to improving the quality of life by accelerating economic development through access to education, mentoring, technology, capital, and providing increased and efficient internet, network, and technology connectivity and access to citizens and businesses.

PO Box 766Cape Girardeau, MO 63702-0766

www.codefiworks.com/FOUNDATION

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

88th percentile

0.67x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

44th percentile

0.05x

Higher debt load relative to revenue than 44% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

28th percentile

-5.4%

Higher net margin than 28% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

4th percentile

-42%

Faster asset growth than 4% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

82nd percentile

42%

Faster revenue growth than 82% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$251,056

Down $179,684 (-42%) from 2023

Liabilities

Down

$168,033

Down $10,572 (-5.9%) from 2023

Net Assets

Down

$83,023

Down $169,112 (-67%) from 2023

Revenue

Up

$3,124,299

Up $929,385 (+42%) from 2023

Expenses

Up

$3,293,411

Up $890,913 (+37%) from 2023

Net Income

Up

-$169,112

Up $38,472 (+19%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2016: $51,937Liabilities 2016: $13,2002016Assets 2017: $435,035Liabilities 2017: $24,950Net Assets 2017: $410,0852017Assets 2018: $556,313Liabilities 2018: $1,065Net Assets 2018: $555,2482018Assets 2019: $696,727Liabilities 2019: $3,253Net Assets 2019: $693,4742019Assets 2020: $806,127Liabilities 2020: $51,621Net Assets 2020: $754,5062020Assets 2021: $527,120Liabilities 2021: $4,953Net Assets 2021: $522,1672021Assets 2022: $460,489Liabilities 2022: $770Net Assets 2022: $459,7192022Assets 2023: $430,740Liabilities 2023: $178,605Net Assets 2023: $252,1352023Assets 2024: $251,056Liabilities 2024: $168,033Net Assets 2024: $83,0232024

Highlighted filing

2024

Assets$251,056
Liabilities$168,033
Net Assets$83,023

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $70,115Expenses 2016: $31,378Net Income 2016: $38,7372016Revenue 2017: $643,858Expenses 2017: $272,510Net Income 2017: $371,3482017Revenue 2018: $458,384Expenses 2018: $313,221Net Income 2018: $145,1632018Revenue 2019: $661,512Expenses 2019: $533,286Net Income 2019: $128,2262019Revenue 2020: $1,286,602Expenses 2020: $1,225,570Net Income 2020: $61,0322020Revenue 2021: $1,069,437Expenses 2021: $1,301,776Net Income 2021: -$232,3392021Revenue 2022: $1,927,331Expenses 2022: $1,989,779Net Income 2022: -$62,4482022Revenue 2023: $2,194,914Expenses 2023: $2,402,498Net Income 2023: -$207,5842023Revenue 2024: $3,124,299Expenses 2024: $3,293,411Net Income 2024: -$169,1122024

Highlighted filing

2024

Revenue$3,124,299
Expenses$3,293,411
Net Income-$169,112

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$3,124,299
Mission and Program Overview

Mission

The foundation is dedicated to improving the quality of life for the residents of cape girardeau and the surrounding communities in southeast missouri, accelerating economic development through access to education, mentoring, technology, and capital, and providing increased and efficient internet, network, and technology connectivity and access to residents, businesses, customers, and visitors of historical downtown cape girardeau, missouri.

The foundation is dedicated to improving the quality of life by accelerating economic development through access to education, mentoring, technology, capital, and providing increased and efficient internet, network, and technology connectivity and access to citizens and businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$71,754$206,358▲ $134,604
Land, Buildings, and Equipment, Net$44,525$26,135▼ $18,390
Accounts Receivable$314,461$18,563▼ $295,898
Total Assets$430,740$251,056▼ $179,684
Liabilities
Accounts Payable and Accrued Expenses$178,605$168,033▼ $10,572
Total Liabilities$178,605$168,033▼ $10,572
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$252,135$83,023▼ $169,112
Total Net Assets Fund Balance$252,135$83,023▼ $169,112
Total Liabilities and Net Assets / Fund Balance$430,740$251,056▼ $179,684

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$24,706$211,467$236,173
Other Land Buildings$1,429$18,571$20,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dr James StapletonPresident & CEOFT$160,503$160,503
Chris CarnellExecutive DirectorFT$63,869$63,869

Board Members and Trustees

NameTitle
Chris DittmerVice President
Simoriah StognerBoard Member
Chauncy BuchheitSecetary
Aaron PantonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Codefi LLCProgram Delivery And Software DevelopmenPO BOX 766, Cape Girardeau, MO 63702-0766$1,583,752
Revenue and Support

Revenue Composition

Contributions and Grants
$2,786,013
Program Service Revenue
$338,250
Investment Income
$19
Other Revenue
$17
Change in Net Assets
$-169,112
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,926,856
Salaries, Compensation, and Employee Benefits$241,555
Grants and Similar Amounts Paid$125,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$224,372--$224,372
Occupancy-$130,200-$130,200
Grants to Domestic Orgs$125,000--$125,000
Information Technology-$79,400-$79,400
Office Expenses$38,660--$38,660
Fees for Services Accounting-$24,610-$24,610
Depreciation Depletion-$18,390-$18,390
Payroll Taxes$17,183--$17,183
Travel-$10,474-$10,474
Insurance$4,450--$4,450
Advertising-$3,035-$3,035
Other Expenses$2,616,519$1,030-$1,030
Fees for Services Legal-$88-$88
Total Functional Expenses$3,026,184$267,227$0$3,293,411
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
PubgenCape Girardeau, MO-1st 50k Competition$50,000
Vendoor Technologies IncPuxico, MO-1st 50k Competition$41,667
Parent Protech IncColumbia, MO-1st 50k Competition$33,333
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 was reviewed and approved by the governing body before filing.

Form 990, Part VI, Section C, Line 18

Documents are made available upon request.

Form 990, Part VI, Section C, Line 19

Documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Codefi Foundation on Rural Innovation
EIN
81-2556748
Phone
5733359675
Address
PO BOX 766, CAPE GIRARDEAU, MO 63702-0766

Signing Officer

Name
Dr James Stapleton
Title
President & CEO
Phone
5733359675
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr James Stapleton
Formed
2016
Legal Domicile
Mo
Voting Board Members
5
Independent Board Members
5
Employees
2
Volunteers
0

Preparer

Firm
Pinion LLC
Address
2681 EAST MAIN STREET, JACKSON, MO 63755
Preparer
Dave Seabaugh
Phone
5732434343
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IRS990ScheduleA/PublicSupportPY509Pct00.99850
IRS990ScheduleA/PublicSupportTotal509Amt09421882
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02991763
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02194379
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01927002
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01024920
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01283818
IRS990ScheduleA/Total509Grp/TotalAmt09421882
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02991763
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02194605
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01927223
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01025796
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01286502
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt09425889
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt024706
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0211467
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0236173
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01429
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt018571
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt020000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt026135
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt033333
IRS990ScheduleI/RecipientTable/CashGrantAmt150000
IRS990ScheduleI/RecipientTable/CashGrantAmt241667
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt01ST 50K COMPETITION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt11ST 50K COMPETITION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt21ST 50K COMPETITION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0PARENT PROTECH INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1PUBGEN
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2VENDOOR TECHNOLOGIES INC
IRS990ScheduleI/RecipientTable/RecipientEIN0993821097
IRS990ScheduleI/RecipientTable/RecipientEIN1990451698
IRS990ScheduleI/RecipientTable/RecipientEIN2923480937
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt05905 HARLAN COURT
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1420 BROADWAY ST APT 204
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2340 WEST DAVIS AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0COLUMBIA
IRS990ScheduleI/RecipientTable/USAddress/CityNm1CAPE GIRARDEAU
IRS990ScheduleI/RecipientTable/USAddress/CityNm2PUXICO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MO
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd065201
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd163701
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd263960
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS USES THE APPLICATION OF THE RECIPIENT ALONG WITH INFORMATION SUBMITTED AND ON GOING COMMUNICATION TO ENSURE FUNDS ARE EXPENDED PROPERLY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0160503
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DR JAMES STAPLETON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0160503
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WAS REVIEWED AND APPROVED BY THE GOVERNING BODY BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0430740
IRS990/TotalAssetsEOYAmt0251056
IRS990/TotalAssetsGrp/BOYAmt0430740
IRS990/TotalAssetsGrp/EOYAmt0251056
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt02786013
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0267227
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03026184
IRS990/TotalFunctionalExpensesGrp/TotalAmt03293411
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0178605
IRS990/TotalLiabilitiesEOYAmt0168033
IRS990/TotalLiabilitiesGrp/BOYAmt0178605
IRS990/TotalLiabilitiesGrp/EOYAmt0168033
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0252135
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt083023
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03026184
IRS990/TotalProgramServiceRevenueAmt0338250
IRS990/TotalReportableCompFromOrgAmt0224372
IRS990/TotalRevenueGrp/ExclusionAmt019
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0338267
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03124299
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0430740
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0251056
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt010474
IRS990/TravelGrp/TotalAmt010474
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X

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