Civic Intelligence

Beloved Community

990 • Fiscal year 2020 • EIN 81-3388287

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 11, 2020

1700 S Rampart StNew Orleans, LA 70113

(504) 358-0841

Siviq Scores

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

Liabilities / Assets

69th percentile

0.27x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

53rd percentile

0.15x

Higher debt load relative to revenue than 53% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

81st percentile

30%

Higher net margin than 81% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

90th percentile

$204,996

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 18.6% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

98th percentile

354%

Faster asset growth than 98% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

94th percentile

131%

Faster revenue growth than 94% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$617,234

Up $481,291 (+354%) from 2019

Net Assets

Up

$448,155

Up $360,201 (+410%) from 2019

Liabilities

Up

$169,079

Up $121,090 (+252%) from 2019

Revenue

Up

$1,099,490

Up $624,327 (+131%) from 2019

Expenses

Up

$770,780

Up $372,866 (+94%) from 2019

Net Income

Up

$328,710

Up $251,461 (+326%) from 2019

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2018: $63,391Liabilities 2018: $50,189Net Assets 2018: $13,2022018Assets 2019: $135,943Liabilities 2019: $47,989Net Assets 2019: $87,9542019Assets 2020: $617,234Liabilities 2020: $169,079Net Assets 2020: $448,1552020Assets 2021: $3,661,246Liabilities 2021: $1,758,269Net Assets 2021: $1,902,9772021Assets 2022: $2,405,203Liabilities 2022: $906,866Net Assets 2022: $1,498,3372022Assets 2023: $4,163,813Liabilities 2023: $1,614,271Net Assets 2023: $2,549,5422023Assets 2024: $2,858,442Liabilities 2024: $2,182,484Net Assets 2024: $675,9582024

Highlighted filing

2020

Assets$617,234
Liabilities$169,079
Net Assets$448,155

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2018: $249,104Expenses 2018: $234,583Net Income 2018: $14,5212018Revenue 2019: $475,163Expenses 2019: $397,914Net Income 2019: $77,2492019Revenue 2020: $1,099,490Expenses 2020: $770,780Net Income 2020: $328,7102020Revenue 2021: $3,329,768Expenses 2021: $1,874,945Net Income 2021: $1,454,8232021Revenue 2022: $5,220,790Expenses 2022: $5,625,430Net Income 2022: -$404,6402022Revenue 2023: $7,613,185Expenses 2023: $6,561,980Net Income 2023: $1,051,2052023Revenue 2024: $3,838,463Expenses 2024: $5,712,047Net Income 2024: -$1,873,5842024

Highlighted filing

2020

Revenue$1,099,490
Expenses$770,780
Net Income$328,710
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 11, 2020
Return Version
2019v5.1
Gross Receipts
$1,099,490
Mission and Program Overview

Mission

Catalyze people and institutions to implement sustainable cross-sector diversity practices that result in economic growth for their region.

Catalyze people and institutions to implement sustainable cross-sector diversity practices that result in ecnomic growth 10

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$91,482$328,648▲ $237,166
Accounts Receivable$43,020$287,146▲ $244,126
Land, Buildings, and Equipment, Net$1,441$1,440▼ $1
Total Assets$135,943$617,234▲ $481,291
Liabilities
Deferred Revenue$44,489$161,593▲ $117,104
Other Liabilities-$6,718-
Accounts Payable and Accrued Expenses$3,500$768▼ $2,732
Total Liabilities$47,989$169,079▲ $121,090
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$87,954$286,562▲ $198,608
Net Assets With Donor Restrictions-$161,593-
Total Net Assets Fund Balance$87,954$448,155▲ $360,201
Total Liabilities and Net Assets / Fund Balance$135,943$617,234▲ $481,291

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,440$360$1,800
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rhonda J BroussardCEOFT$204,996$204,996
Rhonda J Broussard--$204,996$204,996

Board Members and Trustees

NameTitle
Darren IsomDirector
Michael GoetzDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$724,713
Program Service Revenue
$370,374
Investment Income
$0
Other Revenue
$4,403
All Other Contributions
$724,713
Change in Net Assets
$328,710

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,099,490
Total Revenue per Audited Statements
$1,099,490
Total Revenue per Form 990
$1,099,490
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$499,360
Other Expenses$271,420
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$39,015$409,891$0$448,906
Fees for Services Management$136,939$7,762$0$144,701
Travel$39,654$5,201$0$44,855
Payroll Taxes$8,179$25,014$0$33,193
Conferences and Meetings$23,639$0$0$23,639
Other Employee Benefits$0$17,261$0$17,261
Office Expenses$1,287$12,228$0$13,515
Advertising$922$10,193$0$11,115
Fees for Services Accounting$0$8,295$0$8,295
Occupancy$0$7,987$0$7,987
Insurance$329$4,314$0$4,643
Fees for Services Legal$0$4,550$0$4,550
Other Expenses$624$1,657$0$2,281
Depreciation Depletion$0$361$0$361
Total Functional Expenses$251,154$519,626$0$770,780

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$770,780
Total Expenses per Audited Statements$770,780
Total Expenses per Form 990$770,780
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$6,718
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Beloved Community Inc
EIN
81-3388287
Phone
5043580841
Address
1700 S Rampart St, New Orleans, LA 70113

Signing Officer

Name
Rhonda J Broussard
Title
CEO
Phone
5043580841
Signed
2020-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rhonda J Broussard
Formed
2017
Legal Domicile
La
Voting Board Members
3
Independent Board Members
3
Employees
3
Volunteers
5

Preparer

Firm
Banks Finley White & Co
Address
617 37TH STREET SOUTH, BIRMINGHAM, AL 35222
Preparer
Christopher Hearn
Phone
9012746702
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

All members of the Board of Directors have reviewed the 990 before filed.

Pt VI, Line 12C

Conflict of Interest policies have been properly enforced.

Pt VI, Line 15A

Salaries were established based on the current market.

Financial Statement Notes

Pt III, Line 1A

and UnifiED Fellows supporting 4 school teams in their Equity Audit assessment.

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IRS990/Desc0In Beloved Community's third year we supported 22 organizations with ongoing facilitations, traineed 135 organizational leaders and 645 employees in diversity, equity, and inclusion practices. We celebrated the following impact and milestones: 1) Equity Audit Tool Suite: In FY20 Beloved Community launched a 3-year research study on the Equity Audit use in diverse-by-design schools. In addition to the research study, the Equity Audit reached: 294 organizational inquiries, 65 completed equity audits from oranizations in 19 states, respondent represented all three target organizational types: nonprofits/colleges/universities (44), k-12 schools (16), and for profit businesses(5), respondents represented 9 sectors. 2) Capacity-building services: In FY20 Beloved Community provided equity training for 135 organizational leaders and 645 employees via 3 programs: deep dive engagements including workshop facilitation, leadership coaching, equity work plan development, and train-the-trainer supports for 9 nonprofit agencies, equity assessments for 3 philanthropic agencies on their grantees' diversity, equity, and inclusion capacity for 84 nonprofit agencies, 14 1-day workshops, and 27 conference presentations on our model. 3) Communities of practice: Equity in Schools Cohort in Indianapolis supporting 6 school founders in the development of their equity plans, Equity at Work Cohort in Memphis supporting 8 nonprofit teams in the development of their equity work plans, engage DEI cohort supporting 9 nonprofit teams in their Equity Audit assessment, and UnifiED Fellows supporting 4 school teams in their Equity Audit assessment.
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01800
IRS990ScheduleD/ExpensesSubtotalAmt0770780
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06718
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Other Liabilities
IRS990ScheduleD/RevenueSubtotalAmt01099490
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0and UnifiED Fellows supporting 4 school teams in their Equity Audit assessment.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt III, Line 1a
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01440
IRS990ScheduleD/TotalExpensesPerForm990Amt0770780
IRS990ScheduleD/TotalLiabilityAmt06718
IRS990ScheduleD/TotalRevenuePerForm990Amt01099490
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01099490
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0770780
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0204996
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/PersonNm0Rhonda J Broussard
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0204996
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0All members of the Board of Directors have reviewed the 990 before filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflict of Interest policies have been properly enforced.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Salaries were established based on the current market.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0135943
IRS990/TotalAssetsEOYAmt0617234
IRS990/TotalAssetsGrp/BOYAmt0135943
IRS990/TotalAssetsGrp/EOYAmt0617234
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0724713
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0519626
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0251154
IRS990/TotalFunctionalExpensesGrp/TotalAmt0770780
IRS990/TotalGrossUBIAmt04403
IRS990/TotalLiabilitiesBOYAmt047989
IRS990/TotalLiabilitiesEOYAmt0169079
IRS990/TotalLiabilitiesGrp/BOYAmt047989
IRS990/TotalLiabilitiesGrp/EOYAmt0169079
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt087954
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0448155
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0251154
IRS990/TotalProgramServiceRevenueAmt0370374
IRS990/TotalReportableCompFromOrgAmt0204996
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0370374
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01099490
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt04403
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0135943
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0617234
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt05201
IRS990/TravelGrp/ProgramServicesAmt039654
IRS990/TravelGrp/TotalAmt044855
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt03157 Gentilly Blvd 176
IRS990/USAddress/CityNm0New Orleans
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd070122
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Rhonda J Broussard
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum05043580841
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Beloved Community Inc
ReturnHeader/Filer/BusinessNameControlTxt0BELO
ReturnHeader/Filer/EIN0813388287
ReturnHeader/Filer/PhoneNum05043580841
ReturnHeader/Filer/USAddress/AddressLine1Txt01700 S Rampart St
ReturnHeader/Filer/USAddress/CityNm0New Orleans
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd070113
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0AEE7995E281BF3FA8B3AC860C09DCEDEB15AF894
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B6664C4C097138FCB6879CB8F9C622DACC6F9985
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt012.168.169.243

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