Civic Intelligence

Sprocket Inc.

990 • Fiscal year 2024 • EIN 82-2967525

Jul 01, 2023 to Jun 30, 2024 • Filed on May 02, 2025

Organization Profilesprocketpaducah.com
3121 Broadway StPaducah, KY 42001

(270) 556-8240

Siviq Scores

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

Liabilities / Assets

89th percentile

0.66x

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

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

Liabilities / Revenue

93rd percentile

1.85x

Higher debt load relative to revenue than 93% of similar nonprofits.

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

Net Margin

79th percentile

27%

Higher net margin than 79% of similar nonprofits.

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

Top Officer Pay

73rd percentile

$115,779

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 11.1% of source-year revenue.

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

Asset Growth

54th percentile

5.5%

Faster asset growth than 54% of similar nonprofits.

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

Revenue Growth

37th percentile

1.0%

Faster revenue growth than 37% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$2,891,537

Up $150,904 (+5.5%) from 2023

Net Assets

Up

$971,908

Up $282,113 (+41%) from 2023

Liabilities

Down

$1,919,629

Down $131,209 (-6.4%) from 2023

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin79th percentile

Revenue

Up

$1,039,442

Up $9,903 (+1.0%) from 2023

Expenses

Down

$758,470

Down $130,980 (-15%) from 2023

Net Income

Up

$280,972

Up $140,883 (+101%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth54th 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

2024

Assets$2,891,537
Liabilities$1,919,629
Net Assets$971,908
Open 2024 Filing

Operations Trend

Revenue Growth37th 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

2024

Revenue$1,039,442
Expenses$758,470
Net Income$280,972
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 2, 2025
Return Version
2023v6.0
Gross Receipts
$1,039,442
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,107,102$1,025,150▼ $81,952
Cash and Non-Interest-Bearing Accounts$344,958$352,084▲ $7,126
Savings and Temporary Cash Investments-$252,952-
Accounts Receivable$66,808$66,667▼ $141
Prepaid Expenses and Deferred Charges-$6,470-
Total Assets$2,740,633$2,891,537▲ $150,904
Other Assets Total$1,221,765$1,188,214▼ $33,551
Liabilities
Other Liabilities$2,042,318$1,904,376▼ $137,942
Accounts Payable and Accrued Expenses$8,520$15,253▲ $6,733
Total Liabilities$2,050,838$1,919,629▼ $131,209
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$689,795$971,908▲ $282,113
Total Net Assets Fund Balance$689,795$971,908▲ $282,113
Total Liabilities and Net Assets / Fund Balance$2,740,633$2,891,537▲ $150,904

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$986,422$218,963$1,205,385
Other Land Buildings$38,728$27,165$65,893
Land$0--
Other Assets Org$10,000--
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Monica BilakExecutive DirectorFT$115,779$115,779

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$893,390
Program Service Revenue
$146,052
Investment Income
$0
Other Revenue
$0
All Other Contributions
$188,890
Change in Net Assets
$280,972

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported Amount
Real Estate Other$135,000
Total Noncash Contributions$135,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$377,553
Salaries, Compensation, and Employee Benefits$272,584
Grants and Similar Amounts Paid$108,333
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$122,370$6,441$0$128,811
Current Officers, Directors, Trustees, and Key Employees$5,283$110,496$0$115,779
Grants to Domestic Orgs$108,333--$108,333
Other Salaries and Wages$105,211$0$0$105,211
Depreciation Depletion$84,054$4,424$0$88,478
All Other Expenses$39,170$0$0$39,170
Payroll Taxes$13,384$13,386$0$26,770
Other Employee Benefits$24,824$0$0$24,824
Fees for Services Management$15,803$8,123$0$23,926
Information Technology$13,707$0$0$13,707
Insurance$677$9,842$0$10,519
Advertising$0$10,087$0$10,087
Fees for Services Accounting$0$9,590$0$9,590
Travel$0$7,763$0$7,763
Office Expenses$0$5,827$0$5,827
Fees for Services Legal$0$4,817$0$4,817
Other Expenses$0$90$0$90
Total Functional Expenses$567,584$190,886$0$758,470
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Madison - Hopkinsville Economic Development CorpMadisonville, KY-Business Development$100,000
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
Lease Liabilty LT$1,230,531
Forgivable Loan$630,000
Lease Laibility Current$28,196
Payroll Liabilities$15,649
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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
Filing and Contact Details

Filer

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

Signing Officer

Name
Monica Bilak
Title
Executive Director
Phone
2705568240
Signed
2025-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Monica Bilak
Formed
2018
Legal Domicile
Ky
Voting Board Members
7
Independent Board Members
7
Employees
8
Volunteers
8

Preparer

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

Additional Explanations

Pt VI, Line 11B

“All board members provided copy of 990”

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IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0334942
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0252952
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01039442
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01029539
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0978676
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0958011
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0102300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04107968
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt04107968
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01039442
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01029539
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0978676
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0958011
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0102300
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04107968
IRS990ScheduleA/TotalSupportAmt04107968
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0986422
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0218963
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01205385
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01178214
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt110000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Right of Use
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Investment - Sprocket Logic
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt038728
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt027165
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt065893
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015649
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt128196
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2630000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31230531
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Lease Laibility Current
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Forgivable Loan
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Lease Liabilty LT
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01025150
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01188214
IRS990ScheduleD/TotalLiabilityAmt01904376
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0100000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Business Development
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Madison - Hopkinsville Economic Development Corp
IRS990ScheduleI/RecipientTable/RecipientEIN0611264426
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO Box 745
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Madisonville
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0KY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd042431
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/RealEstateOtherGrp/NoncashContributionsRptF990Amt0135000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0All board members provided copy of 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02740633
IRS990/TotalAssetsEOYAmt02891537
IRS990/TotalAssetsGrp/BOYAmt02740633
IRS990/TotalAssetsGrp/EOYAmt02891537
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0893390
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0190886
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0567584
IRS990/TotalFunctionalExpensesGrp/TotalAmt0758470
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02050838
IRS990/TotalLiabilitiesEOYAmt01919629
IRS990/TotalLiabilitiesGrp/BOYAmt02050838
IRS990/TotalLiabilitiesGrp/EOYAmt01919629
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0689795
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0971908
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0567584
IRS990/TotalProgramServiceRevenueAmt0146052
IRS990/TotalReportableCompFromOrgAmt0115779
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0146052
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01039442
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02740633
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02891537
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt07763
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt07763
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0334 North 38th St
IRS990/USAddress/CityNm0Paducah

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,891,537
Liabilities
$1,919,629
Net assets
$971,908
Revenue
$1,039,442
Expenses
$758,470
Net income
$280,972
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