Civic Intelligence

Idaho Innovation Center Inc.

990 • Fiscal year 2014 • EIN 82-0408497

Jun 01, 2013 to May 31, 2014 • Filed on Sep 04, 2014

Organization ProfileN/A
2300 North Yellowstone83401

(208) 523-0126

Siviq Scores

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

Liabilities / Assets

40th percentile

0.04x

Higher debt load relative to assets than 40% of similar nonprofits.

2014 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

51st percentile

0.14x

Higher debt load relative to revenue than 51% of similar nonprofits.

2014 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2014

Net Margin

72nd percentile

19%

Higher net margin than 72% of similar nonprofits.

2014 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

66th percentile

$9,068

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2014 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2014

Asset Growth

63rd percentile

5.5%

Faster asset growth than 63% of similar nonprofits.

2014 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets40th percentile

Assets

Up

$1,026,801

Up $53,514 (+5.5%) from 2013

Net Assets

Up

$986,343

Up $55,485 (+6.0%) from 2013

Liabilities

Down

$40,458

Down $1,971 (-4.6%) from 2013

Revenue And Expenses
Liabilities / Revenue51st percentileNet Margin72nd percentile

Revenue

$289,723

No earlier filing loaded for comparison.

Expenses

Down

$234,238

Down $67,116 (-22%) from 2013

Net Income

$55,485

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2012: $955,807Liabilities 2012: $44,415Net Assets 2012: $911,3922012Assets 2013: $973,287Liabilities 2013: $42,429Net Assets 2013: $930,8582013Assets 2014: $1,026,801Liabilities 2014: $40,458Net Assets 2014: $986,3432014Assets 2015: $1,046,164Liabilities 2015: $44,488Net Assets 2015: $1,001,6762015Assets 2016: $1,078,915Liabilities 2016: $47,963Net Assets 2016: $1,030,9522016Assets 2017: $1,102,976Liabilities 2017: $43,331Net Assets 2017: $1,059,6452017Assets 2018: $1,170,582Liabilities 2018: $52,355Net Assets 2018: $1,118,2272018Assets 2019: $1,247,444Liabilities 2019: $52,365Net Assets 2019: $1,195,0792019Assets 2020: $1,388,346Liabilities 2020: $110,077Net Assets 2020: $1,278,2692020Assets 2021: $1,435,902Liabilities 2021: $95,482Net Assets 2021: $1,340,4202021Assets 2022: $1,538,039Liabilities 2022: $106,893Net Assets 2022: $1,431,1462022Assets 2023: $1,308,755Liabilities 2023: $30,701Net Assets 2023: $1,278,0542023Assets 2024: $1,339,474Liabilities 2024: $47,448Net Assets 2024: $1,292,0262024

Highlighted filing

2014

Assets$1,026,801
Liabilities$40,458
Net Assets$986,343
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$600K$400K$200K$0-$200KExpenses 2012: $296,0482012Expenses 2013: $301,3542013Revenue 2014: $289,723Expenses 2014: $234,238Net Income 2014: $55,4852014Revenue 2015: $295,546Expenses 2015: $280,213Net Income 2015: $15,3332015Revenue 2016: $360,094Expenses 2016: $330,818Net Income 2016: $29,2762016Revenue 2017: $371,101Expenses 2017: $342,408Net Income 2017: $28,6932017Revenue 2018: $400,101Expenses 2018: $341,519Net Income 2018: $58,5822018Revenue 2019: $413,211Expenses 2019: $336,359Net Income 2019: $76,8522019Revenue 2020: $441,095Expenses 2020: $358,136Net Income 2020: $82,9592020Revenue 2021: $441,995Expenses 2021: $380,465Net Income 2021: $61,5302021Revenue 2022: $449,264Expenses 2022: $358,538Net Income 2022: $90,7262022Revenue 2023: $233,097Expenses 2023: $386,189Net Income 2023: -$153,0922023Revenue 2024: $390,030Expenses 2024: $376,058Net Income 2024: $13,9722024

Highlighted filing

2014

Revenue$289,723
Expenses$234,238
Net Income$55,485
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2013 to May 31, 2014
Signed
Sep 4, 2014
Return Version
2013v3.1
Gross Receipts
$289,723
Mission and Program Overview

Mission

ECONOMIC DEVELOPMENT

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$516,188$631,481▲ $115,293
Savings and Temporary Cash Investments$428,795$351,775▼ $77,020
Accounts Receivable$24,568$38,997▲ $14,429
Cash and Non-Interest-Bearing Accounts$3,736$4,548▲ $812
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-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$973,287$1,026,801▲ $53,514
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$32,425$32,122▼ $303
Deferred Revenue$10,004$8,336▼ $1,668
Total Liabilities$42,429$40,458▼ $1,971
Net Assets / Fund Balance
Unrestricted Net Assets$930,858$986,343▲ $55,485
Total Net Assets Fund Balance$930,858$986,343▲ $55,485
Total Liabilities and Net Assets / Fund Balance$973,287$1,026,801▲ $53,514

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$867,507-$867,507
Other Land Buildings$133,410-$133,410
Equipment$-369,436$435,953$66,517
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kevin HaderlieDirectorFT$9,068$9,068
Jeff KrantzDirectorFT$5,625$5,625

Board Members and Trustees

NameTitle
Lee StakerChairman
Damond WatkinsBoard Member
Dana KirkhamBoard Member
Glen PondBoard Member
Jared FurhimanBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$289,354
Investment Income
$369
Other Revenue
$0
Change in Net Assets
$55,485

Audited Revenue Reconciliation

Revenue per Audited Statements
$289,723
Total Revenue per Audited Statements
$289,723
Total Revenue per Form 990
$289,723
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$140,446
Salaries, Compensation, and Employee Benefits$93,792
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$69,777--$69,777
Depreciation Depletion$33,305--$33,305
Current Officers, Directors, Trustees, and Key Employees$14,693--$14,693
Payroll Taxes$7,404--$7,404
Fees for Services Accounting-$6,925-$6,925
Office Expenses$5,857--$5,857
All Other Expenses$4,813--$4,813
Fees for Services Legal-$3,280-$3,280
Advertising$2,149--$2,149
Other Expenses$7,451$1,965-$1,965
Other Employee Benefits$1,918--$1,918
Insurance$1,301--$1,301
Total Functional Expenses$222,068$12,170$0$234,238

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$234,238
Total Expenses per Audited Statements$234,238
Total Expenses per Form 990$234,238
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
No
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

“The board of directors has assigned management with the responsibility of ensuring that form 990 is accurately prepared and timely filed.management works closely with its tax preparer, rudd & company, pllc to prepare form 990. Management provides the information, both financial and non-financial, necessary to prepare the form. Management is provided a complete copy of form 990 to review and sign. The return is not filed until this review is complete and the necessary signature is obtained.”

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

“Idaho innovation center, inc. Makes its information available to the public in the following ways:1. Annual meeting to discuss financial results of operations, policies and procedures, and election of board members.2. Financial statements are prepared monthly and available upon request.3. Individual requests to review governing documents and policy/procedure manuals, and form 990 can be made at the office.”

Filing and Contact Details

Filer

EIN
82-0408497

Signing Officer

Name
Kevin Haderlie
Title
Director
Signed
2014-09-04
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
7
Independent Board Members
5
Employees
4

Preparer

Preparer
Scott Bond
Phone
2085299276
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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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IRS990ScheduleD/EquipmentGrp/BookValueAmt0-369436
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0435953
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt066517
IRS990ScheduleD/ExpensesSubtotalAmt0234238
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0133410
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0133410
IRS990ScheduleD/RevenueSubtotalAmt0289723
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0631481
IRS990ScheduleD/TotalExpensesPerForm990Amt0234238
IRS990ScheduleD/TotalRevenuePerForm990Amt0289723
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0289723
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0234238
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS HAS ASSIGNED MANAGEMENT WITH THE RESPONSIBILITY OF ENSURING THAT FORM 990 IS ACCURATELY PREPARED AND TIMELY FILED.MANAGEMENT WORKS CLOSELY WITH ITS TAX PREPARER, RUDD & COMPANY, PLLC TO PREPARE FORM 990. MANAGEMENT PROVIDES THE INFORMATION, BOTH FINANCIAL AND NON-FINANCIAL, NECESSARY TO PREPARE THE FORM. MANAGEMENT IS PROVIDED A COMPLETE COPY OF FORM 990 TO REVIEW AND SIGN. THE RETURN IS NOT FILED UNTIL THIS REVIEW IS COMPLETE AND THE NECESSARY SIGNATURE IS OBTAINED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IDAHO INNOVATION CENTER, INC. MAKES ITS INFORMATION AVAILABLE TO THE PUBLIC IN THE FOLLOWING WAYS:1. ANNUAL MEETING TO DISCUSS FINANCIAL RESULTS OF OPERATIONS, POLICIES AND PROCEDURES, AND ELECTION OF BOARD MEMBERS.2. FINANCIAL STATEMENTS ARE PREPARED MONTHLY AND AVAILABLE UPON REQUEST.3. INDIVIDUAL REQUESTS TO REVIEW GOVERNING DOCUMENTS AND POLICY/PROCEDURE MANUALS, AND FORM 990 CAN BE MADE AT THE OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt01026801
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IRS990/TotalContributionsAmt00
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012170
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0222068
IRS990/TotalFunctionalExpensesGrp/TotalAmt0234238
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt042429
IRS990/TotalLiabilitiesEOYAmt040458
IRS990/TotalLiabilitiesGrp/BOYAmt042429
IRS990/TotalLiabilitiesGrp/EOYAmt040458
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0930858
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0986343
IRS990/TotalProgramServiceExpensesAmt0222068
IRS990/TotalProgramServiceRevenueAmt0289354
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0289723
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IRS990/UnrestrictedNetAssetsGrp/EOYAmt0986343
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN HADERLIE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-09-04
ReturnHeader/Filer/BusinessName/BusinessNameLine10IDAHO INNOVATION CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt0IDAH
ReturnHeader/Filer/EIN0820408497
ReturnHeader/Filer/USAddress/AddressLine102300 NORTH YELLOWSTONE
ReturnHeader/Filer/USAddress/City0IDAHO FALLS
ReturnHeader/Filer/USAddress/State0ID
ReturnHeader/Filer/USAddress/ZIPCode083401
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Rudd & Company PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10725 S Woodruff Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Idaho Falls
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0ID
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode083401
ReturnHeader/PreparerPersonGrp/PhoneNum02085299276
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT BOND
ReturnHeader/ReturnTs02014-09-04T10:31:39-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-06-01
ReturnHeader/TaxPeriodEndDt02014-05-31
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,026,801
Liabilities
$40,458
Net assets
$986,343
Revenue
$289,723
Expenses
$234,238
Net income
$55,485
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.34$0.05$1.29$0.39$0.38$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.31$0.03$1.28$0.23$0.39$0.15
2022Detailed filing. Detailed filing data is available for this year.$1.54$0.11$1.43$0.45$0.36$0.09
2021Detailed filing. Detailed filing data is available for this year.$1.44$0.10$1.34$0.44$0.38$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.39$0.11$1.28$0.44$0.36$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.25$0.05$1.20$0.41$0.34$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.17$0.05$1.12$0.40$0.34$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.10$0.04$1.06$0.37$0.34$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.08$0.05$1.03$0.36$0.33$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.05$0.04$1.00$0.30$0.28$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.03$0.04$0.99$0.29$0.23$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.04$0.93$0.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.04$0.91$0.30