Civic Intelligence

Sprocket Inc.

990 • Fiscal year 2023 • EIN 82-2967525

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 14, 2023

Organization Profilesprocketpaducah
3121 Broadway St STE 106Paducah, KY 42001

(270) 556-8240

Siviq Scores

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

Liabilities / Assets

90th percentile

0.75x

Higher debt load relative to assets than 90% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

92nd percentile

1.99x

Higher debt load relative to revenue than 92% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

67th percentile

14%

Higher net margin than 67% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

94th percentile

89%

Faster asset growth than 94% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

47th percentile

5.2%

Faster revenue growth than 47% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$2,740,633

Up $1,293,532 (+89%) from 2022

Net Assets

Up

$689,795

Up $171,780 (+33%) from 2022

Liabilities

Up

$2,050,838

Up $1,121,752 (+121%) from 2022

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin67th percentile

Revenue

Up

$1,029,539

Up $50,863 (+5.2%) from 2022

Expenses

Down

$889,450

Down $138,188 (-13%) from 2022

Net Income

Up

$140,089

Up $189,051 (+386%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$3.0M$2.0M$1.0M$0Assets 2018: $143,858Liabilities 2018: $774Net Assets 2018: $143,0842018Assets 2019: $185,570Liabilities 2019: $52,108Net Assets 2019: $133,4622019Assets 2020: $196,136Liabilities 2020: $16,6072020Assets 2021: $492,688Liabilities 2021: $22,850Net Assets 2021: $469,8382021Assets 2022: $1,447,101Liabilities 2022: $929,086Net Assets 2022: $518,0152022Assets 2023: $2,740,633Liabilities 2023: $2,050,838Net Assets 2023: $689,7952023Assets 2024: $2,891,537Liabilities 2024: $1,919,629Net Assets 2024: $971,9082024Assets 2025: $2,873,721Liabilities 2025: $1,721,583Net Assets 2025: $1,152,1382025

Highlighted filing

2023

Assets$2,740,633
Liabilities$2,050,838
Net Assets$689,795
Open 2023 Filing

Operations Trend

Revenue Growth47th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2018: $188,341Expenses 2018: $46,503Net Income 2018: $141,8382018Revenue 2019: $118,198Expenses 2019: $127,820Net Income 2019: -$9,6222019Revenue 2020: $103,140Expenses 2020: $57,073Net Income 2020: $46,0672020Revenue 2021: $856,680Expenses 2021: $554,963Net Income 2021: $301,7172021Revenue 2022: $978,676Expenses 2022: $1,027,638Net Income 2022: -$48,9622022Revenue 2023: $1,029,539Expenses 2023: $889,450Net Income 2023: $140,0892023Revenue 2024: $1,039,442Expenses 2024: $758,470Net Income 2024: $280,9722024Revenue 2025: $969,651Expenses 2025: $789,420Net Income 2025: $180,2312025

Highlighted filing

2023

Revenue$1,029,539
Expenses$889,450
Net Income$140,089
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$1,029,539
Mission and Program Overview

Mission

We serve as a pilot to help develop educational programs for the Paducah Innovations Hub as well as Entreprenuerial Innovations in the region.

We serve as a pilot to help develop educational programs for the Paducah Innovations Hub as well as EntreprenuerialInnovations in the region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,192,044$1,107,102▼ $84,942
Cash and Non-Interest-Bearing Accounts$251,557$344,958▲ $93,401
Accounts Receivable$35,191$66,808▲ $31,617
Total Assets$1,478,792$2,740,633▲ $1,261,841
Other Assets Total-$1,221,765-
Liabilities
Other Liabilities$909,052$2,042,318▲ $1,133,266
Accounts Payable and Accrued Expenses$20,034$8,520▼ $11,514
Total Liabilities$929,086$2,050,838▲ $1,121,752
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$549,706$689,795▲ $140,089
Total Net Assets Fund Balance$549,706$689,795▲ $140,089
Total Liabilities and Net Assets / Fund Balance$1,478,792$2,740,633▲ $1,261,841

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,061,037$138,963$1,200,000
Other Land Buildings$46,065$19,827$65,892
Other Assets Org$3--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
John TruittPresident
Julie TennysonVice President
Brandon HallDirector
Inez HutchinsDirector
Monica BilakExecutive Director
Patrick BrumleySecretary
Michale RamageTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$910,273
Program Service Revenue
$119,266
Investment Income
$0
Other Revenue
$0
All Other Contributions
$157,273
Change in Net Assets
$140,089

Noncash Contributions

Contribution TypeReported Amount
Real Estate Other$148,200
Total Noncash Contributions$148,200
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$455,933
Grants and Similar Amounts Paid$260,239
Salaries, Compensation, and Employee Benefits$173,278
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$260,239--$260,239
Other Salaries and Wages$83,661$75,956-$159,617
Occupancy$124,931$6,575-$131,506
Depreciation Depletion$84,054$4,424-$88,478
Fees for Services Accounting$13,174$18,781-$31,955
Advertising-$28,972-$28,972
Payroll Taxes$6,830$6,831-$13,661
Insurance$633$9,197-$9,830
Travel-$6,770-$6,770
All Other Expenses$5,852--$5,852
Other Expenses$4,386$2,595-$4,386
Information Technology-$2,335-$2,335
Total Functional Expenses$727,014$162,436$0$889,450
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Madison - Hopkinsville Economic Development CorpMadisonville, KY--$70,165
E-Ventures LLCPaducah, KY--$45,833
Feedcoyote IncLouisville, KY--$45,833
Muhlenberg Alliance for ProgressCentral City, KY--$33,333
Codefi Kentucky LLCPaducah, KY--$29,545
Bernard Victor MillerSt Louis, MO--$8,333
QbricsPaducah, KY--$8,333
Seamly Systems IncPaducah, KY--$8,333
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Current Lease Liability$1,256,718
Payroll Taxes$765,000
Federal income taxes$20,600
Forgivable Loan-
Lease Liability net of current portion-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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, Section C, Line 19

“Compilation Report for Yeari ending 6-30-2023 availible for review.”

Filing and Contact Details

Filer

Filer Name
Sprocket Inc
EIN
82-2967525
Phone
2705568240
Address
3121 Broadway St STE 106, Paducah, KY 42001

Signing Officer

Name
Monica Bilak
Title
Excutive Director
Phone
2705568240
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Monica Bilak
Formed
2018
Legal Domicile
Ky
Voting Board Members
7
Independent Board Members
0
Employees
4

Preparer

Firm
CYB Accounting
Address
910 Broadway St, Paducah, KY 42001
Preparer
Marcus Buford
Phone
2704440767
Supplemental Narrative

Additional Explanations

Form 990, Part X, Line 4

“Prior year adjustment for invoice that was not recorded in FY2022”

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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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01061037
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0138963
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01200000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01221762
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Right of Use Assets
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Rounding
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt046065
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt019827
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt065892
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt020600
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1765000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21256718
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Payroll Taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Current Lease Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Forgivable Loan
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Lease Liability net of current portion
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01107102
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01221765
IRS990ScheduleD/TotalLiabilityAmt02042318
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0146210
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt1133043
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt01st 50K
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1Program
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt05
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt12
IRS990ScheduleI/RecipientTable/CashGrantAmt070165
IRS990ScheduleI/RecipientTable/CashGrantAmt133333
IRS990ScheduleI/RecipientTable/CashGrantAmt28333
IRS990ScheduleI/RecipientTable/CashGrantAmt38333
IRS990ScheduleI/RecipientTable/CashGrantAmt48333
IRS990ScheduleI/RecipientTable/CashGrantAmt545833
IRS990ScheduleI/RecipientTable/CashGrantAmt645833
IRS990ScheduleI/RecipientTable/CashGrantAmt729545
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Madison - Hopkinsville Economic Development Corp
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Muhlenberg Alliance for Progress
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Seamly Systems Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Bernard Victor Miller
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4Qbrics
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5E-Ventures LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6Feedcoyote Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7Codefi Kentucky LLC
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO Box 745
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt150 Career Way
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt22701 Monroe St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt33669 Filmore Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt43121 Broadway St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt53121 Broadway St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt6900 East Main St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt73121 Broadway St
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Madisonville
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Central City
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Paducah
IRS990ScheduleI/RecipientTable/USAddress/CityNm3St Louis
IRS990ScheduleI/RecipientTable/USAddress/CityNm4Paducah
IRS990ScheduleI/RecipientTable/USAddress/CityNm5Paducah
IRS990ScheduleI/RecipientTable/USAddress/CityNm6Louisville
IRS990ScheduleI/RecipientTable/USAddress/CityNm7Paducah
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0KY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1KY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2KY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3MO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4KY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5KY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6KY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd7KY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd042431
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd142330
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd242001
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd363116
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd442001
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd542001
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd640206
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd742001
IRS990ScheduleI/TotalOtherOrgCnt08
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/RealEstateOtherGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateOtherGrp/NoncashContributionsRptF990Amt0148200
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Compilation Report for Yeari ending 6-30-2023 availible for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Prior year adjustment for invoice that was not recorded in FY2022
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part X, Line 4
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01478792
IRS990/TotalAssetsEOYAmt02740633
IRS990/TotalAssetsGrp/BOYAmt01478792
IRS990/TotalAssetsGrp/EOYAmt02740633
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0910273
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0162436
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0727014
IRS990/TotalFunctionalExpensesGrp/TotalAmt0889450
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0929086
IRS990/TotalLiabilitiesEOYAmt02050838
IRS990/TotalLiabilitiesGrp/BOYAmt0929086
IRS990/TotalLiabilitiesGrp/EOYAmt02050838
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0549706
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0689795
IRS990/TotalProgramServiceExpensesAmt0727014

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,740,633
Liabilities
$2,050,838
Net assets
$689,795
Revenue
$1,029,539
Expenses
$889,450
Net income
$140,089
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.87$1.72$1.15$0.97$0.79$0.18
2024Detailed filing. Detailed filing data is available for this year.$2.89$1.92$0.97$1.04$0.76$0.28
2023Detailed filing. Detailed filing data is available for this year.$2.74$2.05$0.69$1.03$0.89$0.14
2022Detailed filing. Detailed filing data is available for this year.$1.45$0.93$0.52$0.98$1.03$0.05
2021Detailed filing. Detailed filing data is available for this year.$0.49$0.02$0.47$0.86$0.55$0.30
2020Summary only. Only limited summary data is available for this year.$0.20$0.02$0.10$0.06$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.19$0.05$0.13$0.12$0.13$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$0.19$0.05$0.14