Civic Intelligence

Natural Restorations

990 • Fiscal year 2020 • EIN 81-4745055

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 05, 2021

67 S Higley Road Ste 103-118Gilbert, AZ 85296

(480) 628-3903

Siviq Scores

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

Liabilities / Assets

89th percentile

0.54x

Higher debt load relative to assets than 89% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

81st percentile

0.16x

Higher debt load relative to revenue than 81% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

49th percentile

4.4%

Higher net margin than 49% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

97th percentile

$86,506

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 24.8% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

75th percentile

36%

Faster asset growth than 75% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

57th percentile

-6.3%

Faster revenue growth than 57% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$106,303

Up $27,963 (+36%) from 2019

Net Assets

Up

$49,303

Up $15,442 (+46%) from 2019

Liabilities

Up

$57,000

Up $12,521 (+28%) from 2019

Revenue

Down

$349,102

Down $23,355 (-6.3%) from 2019

Expenses

Down

$333,660

Down $12,588 (-3.6%) from 2019

Net Income

Down

$15,442

Down $10,767 (-41%) from 2019

Historical Trend

Balance Sheet Trend

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

$400K$200K$0-$200KAssets 2019: $78,340Liabilities 2019: $44,479Net Assets 2019: $33,8612019Assets 2020: $106,303Liabilities 2020: $57,000Net Assets 2020: $49,3032020Assets 2021: $208,988Liabilities 2021: $93,513Net Assets 2021: $115,4752021Assets 2022: $49,587Liabilities 2022: $46,000Net Assets 2022: $3,5872022Assets 2023: $72,240Liabilities 2023: $271,799Net Assets 2023: -$199,5592023Assets 2024: $23,087Liabilities 2024: $152,000Net Assets 2024: -$128,9132024

Highlighted filing

2020

Assets$106,303
Liabilities$57,000
Net Assets$49,303

Operations Trend

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

$600K$400K$200K$0-$200K-$400KRevenue 2019: $372,457Expenses 2019: $346,248Net Income 2019: $26,2092019Revenue 2020: $349,102Expenses 2020: $333,660Net Income 2020: $15,4422020Revenue 2021: $408,412Expenses 2021: $342,172Net Income 2021: $66,2402021Revenue 2022: $339,694Expenses 2022: $451,582Net Income 2022: -$111,8882022Revenue 2023: $183,516Expenses 2023: $400,169Net Income 2023: -$216,6532023Revenue 2024: $400,227Expenses 2024: $491,325Net Income 2024: -$91,0982024

Highlighted filing

2020

Revenue$349,102
Expenses$333,660
Net Income$15,442
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 5, 2021
Return Version
2020v4.1
Gross Receipts
$349,102
Mission and Program Overview

Mission

The mission of natural restorations is to remove anything foreign to the environment from natural areas and restore them to their original state.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$75,440$56,866▼ $18,574
Pledges and Grants Receivable-$35,997-
Savings and Temporary Cash Investments$2,900$13,440▲ $10,540
Total Assets$78,340$106,303▲ $27,963
Liabilities
Unsecured Notes Loans Payable$44,479$57,000▲ $12,521
Total Liabilities$44,479$57,000▲ $12,521
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,004$49,303▲ $34,299
Net Assets With Donor Restrictions$18,857--
Total Net Assets Fund Balance$33,861$49,303▲ $15,442
Total Liabilities and Net Assets / Fund Balance$78,340$106,303▲ $27,963
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Justin CoreyDirector of Field OpsFT$86,506$86,506
Nicole CoreyExecutive DirectorFT$86,506$86,506

Board Members and Trustees

NameTitle
Matthew NelsonBoard Member
Ricky CobanBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$349,101
Program Service Revenue
$0
Investment Income
$1
Other Revenue
$0
All Other Contributions
$72,030
Change in Net Assets
$15,442
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$173,012
Other Expenses$160,648
Total Fundraising Expense$29,471
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$116,145$29,295$27,572$173,012
Fees for Services Other$94,120--$94,120
Travel$8,347$55-$8,402
Insurance$5,209$1,314$1,236$7,759
Other Expenses$4,155--$4,155
Office Expenses$1,245$1,043$513$2,801
Fees for Services Accounting-$2,177-$2,177
Occupancy$1,457--$1,457
Interest-$1,000-$1,000
Information Technology$632$159$150$941
Total Functional Expenses$269,146$35,043$29,471$333,660
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Justin CoreyFamilial RelationshipCompensationNo$86,506
Nicole CoreyFamilial RelationshipCompensationNo$86,506
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
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, Section A, Line 2

Nicole corey and justin corey have a familial relationship.

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

The organization provides a pdf copy of the 990 draft for review and comment to all board members prior to it being filed.

Form 990, Part VI, Section B, Line 12C

In the event of a potential conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of appropriatecommitteeswith governing board delegated powers considering the proposed transaction or arrangement. In addition the foregoing, any director, principal officer, or member of a committee with governing board delegated powers must disclose any potential conflict of interest prior to assuming office. Our proceduresgo on to include determining whether a conflict of interest exists, proceduresfor addressing the conflict of interest, and violations of the conflicts of interest policy.

Form 990, Part VI, Section B, Line 15

The organization conducts periodic reviews of compensation that at a minimum assess whether compensation arrangements and benefits are reasonable, based on competent survey information, and the results of arms length bargaining. When conducting the periodic reviews, the organization may, but need not, use outside advisors. If outside experts are used, their use shall not relieve the governing board of its responsibility for ensuring periodic reviews are conducted.

Form 990, Part VI, Section C, Line 19

The organization will provide, in a timely manner, copies of all governing documents including its conflict of interest policies and financial statements when requested in writing or in person.

Filing and Contact Details

Filer

Filer Name
Natural Restorations
EIN
81-4745055
Phone
4806283903
Address
67 S HIGLEY ROAD STE 103-118, GILBERT, AZ 85296

Signing Officer

Name
Nicole Corey
Title
Executive Director
Signed
2021-10-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicole Corey
Formed
2017
Legal Domicile
Az
Voting Board Members
4
Independent Board Members
2
Employees
0
Volunteers
681

Preparer

Firm
Sechler Morgan Cpas Pllc
Address
2418 W BARROW DRIVE, CHANDLER, AZ 85224
Preparer
Kristina Morgan CPA
Phone
6022302700
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other fees for service are for amounts paid to outside parties for work performed on projects performed by the organization related to grants received from the state of arizona to remove trash and graffiti from the off highway vehicle areas and other park and wilderness areas across arizona .

Raw XML Appendix352 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0PER IRS INSTRUCTIONS, COMPENSATION REPORTED ON FORM 990, PART VII IS EXCLUDED FROM REPORTING ON SCHEDULE L UNLESS IT IS PAID TO A FAMILY MEMBER OF ANOTHER PERSON LISTED ON FORM 990, PART VII. PER IRS DEFINITION OF A FAMILY MEMBER, NICOLE COREY, THE EXECUTIVE DIRECTOR, IS RELATED TO JUSTIN COREY, DIRECTOR OF FIELD OPERATIONS. BOTH INDIVIUDALS ARE LISTED ON FORM 990, PART VII AND THEREFORE, WE ARE REPORTING THEIR SALARIES ON SCHEDULE L, PART IV.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NICOLE COREY AND JUSTIN COREY HAVE A FAMILIAL RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION PROVIDES A PDF COPY OF THE 990 DRAFT FOR REVIEW AND COMMENT TO ALL BOARD MEMBERS PRIOR TO IT BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN THE EVENT OF A POTENTIAL CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF APPROPRIATECOMMITTEESWITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. IN ADDITION THE FOREGOING, ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS MUST DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST PRIOR TO ASSUMING OFFICE. OUR PROCEDURESGO ON TO INCLUDE DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS, PROCEDURESFOR ADDRESSING THE CONFLICT OF INTEREST, AND VIOLATIONS OF THE CONFLICTS OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION CONDUCTS PERIODIC REVIEWS OF COMPENSATION THAT AT A MINIMUM ASSESS WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULTS OF ARMS LENGTH BARGAINING. WHEN CONDUCTING THE PERIODIC REVIEWS, THE ORGANIZATION MAY, BUT NEED NOT, USE OUTSIDE ADVISORS. IF OUTSIDE EXPERTS ARE USED, THEIR USE SHALL NOT RELIEVE THE GOVERNING BOARD OF ITS RESPONSIBILITY FOR ENSURING PERIODIC REVIEWS ARE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION WILL PROVIDE, IN A TIMELY MANNER, COPIES OF ALL GOVERNING DOCUMENTS INCLUDING ITS CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS WHEN REQUESTED IN WRITING OR IN PERSON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER FEES FOR SERVICE ARE FOR AMOUNTS PAID TO OUTSIDE PARTIES FOR WORK PERFORMED ON PROJECTS PERFORMED BY THE ORGANIZATION RELATED TO GRANTS RECEIVED FROM THE STATE OF ARIZONA TO REMOVE TRASH AND GRAFFITI FROM THE OFF HIGHWAY VEHICLE AREAS AND OTHER PARK AND WILDERNESS AREAS ACROSS ARIZONA .
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 11g
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ReturnHeader/PreparerPersonGrp/PreparationDt02021-10-06
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ReturnHeader/ReturnTs02021-10-06T12:58:58-00:00
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