Civic Intelligence

Southeast Center for Cooperative Development

990 • Fiscal year 2023 • EIN 82-4969715

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 16, 2024

Organization Profilewww.co-opsnow.org
6207 Centennial BlvdNashville, TN 37209

(615) 315-1549

Siviq Scores

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

Liabilities / Assets

75th percentile

0.05x

Higher debt load relative to assets than 75% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

74th percentile

0.03x

Higher debt load relative to revenue than 74% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

85th percentile

37%

Higher net margin than 85% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

96th percentile

$70,730

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 14.3% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

95th percentile

199%

Faster asset growth than 95% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

98th percentile

570%

Faster revenue growth than 98% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$293,297

Up $195,267 (+199%) from 2022

Net Assets

Up

$279,491

Up $181,565 (+185%) from 2022

Liabilities

Up

$13,806

Up $13,702 (+13175%) from 2022

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin85th percentile

Revenue

Up

$494,987

Up $421,085 (+570%) from 2022

Expenses

Up

$313,119

Up $229,031 (+272%) from 2022

Net Income

Up

$181,868

Up $192,054 (+1885%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$400K$300K$200K$100K$0Assets 2021: $108,216Liabilities 2021: $104Net Assets 2021: $108,1122021Assets 2022: $98,030Liabilities 2022: $104Net Assets 2022: $97,9262022Assets 2023: $293,297Liabilities 2023: $13,806Net Assets 2023: $279,4912023Assets 2024: $387,848Liabilities 2024: $2,554Net Assets 2024: $385,2942024

Highlighted filing

2023

Assets$293,297
Liabilities$13,806
Net Assets$279,491
Open 2023 Filing

Operations Trend

Revenue Growth98th percentile

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

$600K$400K$200K$0-$200KRevenue 2021: $100,612Expenses 2021: $57,530Net Income 2021: $43,0822021Revenue 2022: $73,902Expenses 2022: $84,088Net Income 2022: -$10,1862022Revenue 2023: $494,987Expenses 2023: $313,119Net Income 2023: $181,8682023Revenue 2024: $530,908Expenses 2024: $425,105Net Income 2024: $105,8032024

Highlighted filing

2023

Revenue$494,987
Expenses$313,119
Net Income$181,868
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 16, 2024
Return Version
2023v5.1
Gross Receipts
$494,987
Mission and Program Overview

Mission

Our primary purpose is to help build a more equitable economy by increasing the economic opportunities and benefits available to the excluded through the development of wealth-building cooperatives which are owned and controlled by the low-income minority and or underserved communities in Metro Nashville in Tennessee and in the Southeastern U.S. We give priority to developing the power and capacity of the marginalized.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$96,599$289,309▲ $192,710
Land, Buildings, and Equipment, Net$0$2,943▲ $2,943
Other Notes and Loans Receivable, Net$1,020$1,020→ $0
Pledges and Grants Receivable$83$0▼ $83
Savings and Temporary Cash Investments$25$25→ $0
Accounts Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$97,727$293,297▲ $195,570
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$104$13,806▲ $13,702
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$104$13,806▲ $13,702
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$97,623$279,491▲ $181,868
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$97,623$279,491▲ $181,868
Total Liabilities and Net Assets / Fund Balance$97,727$293,297▲ $195,570

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$2,943$304$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Robert OvertonExecutive Co-directorFT$70,730$70,730
Rosemarie HenkelRiegerExecutive Co-directorFT$70,730$70,730

Board Members and Trustees

NameTitle
Lauren RogalDirector
Loraine Eunice SegoviaPazDirector
Terry ClaytonDirector
Vonda McDanielDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$493,947
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$1,040
All Other Contributions
$417,957
Change in Net Assets
$181,868
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$155,282
Other Expenses$135,678
Grants and Similar Amounts Paid$19,759
Professional Fundraising Fees$2,400
Total Fundraising Expense$2,400

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$141,460$0$0$141,460
Fees for Services Management$82,326$20,581$0$102,907
Grants to Domestic Orgs$0--$19,759
Fees for Services Other$8,934$2,233$0$11,167
Payroll Taxes$10,822$0$0$10,822
Occupancy$3,840$960$0$4,800
Travel$3,750$937$0$4,687
Office Expenses$2,216$1,461$0$3,677
Fees for Services Legal$2,526$632$0$3,158
Other Employee Benefits$3,000$0$0$3,000
Fees for Services Professional Fundraising--$2,400$2,400
Conferences and Meetings$1,002$161$0$1,163
Insurance$320$80$0$400
Advertising$245$61$0$306
Other Expenses$0$203$0$203
Total Functional Expenses$262,128$28,832$2,400$313,119
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Water Bear Co-op Land ProjectNashville, TN501(c)(3)Fiscal sponsorship release of funds$19,759
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$2,400
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal payroll taxes$13,702
Contractor payable$104
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section B, Line 11A

“It will be reported and provided after filing.”

Part VI, Section B, Line 11B

“It is typically reviewed with other financial statements review during the next Board meeting following filing.”

Part VI, Section B, Line 12C

“All significant business transactions are disclosed and discussed at quarterly bosrd meeting and will need board approval and authorization.”

Part VI, Section C, Line 19

“No documents available to the public”

Part VII, List Of Officers

“| Employee Name:, Description:| Terry Clayton, Directors are not compensated for this nonprofit.| Lauren Rogal, Directors are not paid for this nonprofit.| Vonda McDaniel, Directors are not paid by this nonprofit.| Loraine Eunice Segovia-Paz, Directors are not paid by this nonprofit.|”

Filing and Contact Details

Filer

Filer Name
Southeast Center for Cooperative Development
EIN
82-4969715
In Care Of
% Robert Overton
Address
6207 CENTENNIAL BLVD, NASHVILLE, TN 37209

Signing Officer

Name
Robert Overton
Title
Treasurer
Signed
2024-11-16
Discuss with paid preparer
No

Organization Details

Formed
2018
Legal Domicile
Tn
Voting Board Members
6
Independent Board Members
4
Employees
0
Volunteers
0
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IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt097623
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0279491
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd0true
IRS990/NondeductibleContriDisclInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0960
IRS990/OccupancyGrp/ProgramServicesAmt03840
IRS990/OccupancyGrp/TotalAmt04800
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01461
IRS990/OfficeExpensesGrp/ProgramServicesAmt02216
IRS990/OfficeExpensesGrp/TotalAmt03677
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03000
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03000
IRS990/OtherExpensesGrp/Desc0Training & membership fees
IRS990/OtherExpensesGrp/Desc1Gifts
IRS990/OtherExpensesGrp/Desc2Taxes and Licenses
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0423
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11100
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2203
IRS990/OtherExpensesGrp/ProgramServicesAmt01687
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/TotalAmt02110
IRS990/OtherExpensesGrp/TotalAmt11100
IRS990/OtherExpensesGrp/TotalAmt2203
IRS990/OtherLiabilitiesGrp/BOYAmt0104
IRS990/OtherLiabilitiesGrp/EOYAmt013806
IRS990/OtherRevenueMiscGrp/Desc0Fiscal Sponsorship Fees
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01040
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01040
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueTotalAmt01040
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01020
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01020
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt010822
IRS990/PayrollTaxesGrp/TotalAmt010822
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt083
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Robert Overton
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0181868
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt025
IRS990/SavingsAndTempCashInvstGrp/EOYAmt025
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The organization meets the facts-and-circumstances test by virtue of its meeting the public support test via the 10%-facts-and-circumstances test for 2023.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1| S.No:, Amount:, Description:| 1, 1040.00, Fiscal Sponsorship Fees|
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part II, line 17a
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part II, line 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0493947
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt023687
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt060000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0577634
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.174
IRS990ScheduleA/PublicSupportPY170Pct00.07
IRS990ScheduleA/PublicSupportTotal170Amt0100522
IRS990ScheduleA/SubstantialContributorsTotAmt0477112
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0493947
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt023687
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt060000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0577634
IRS990ScheduleA/TotalSupportAmt0577634

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Filings

Displayed year

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

Open filing
Assets
$293,297
Liabilities
$13,806
Net assets
$279,491
Revenue
$494,987
Expenses
$313,119
Net income
$181,868
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.88$0.03$3.85$5.31$4.25$1.06
2023Detailed filing. Detailed filing data is available for this year.$2.93$0.14$2.79$4.95$3.13$1.82
2022Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.98$0.74$0.84$0.10
2021Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.08$1.01$0.58$0.43