Civic Intelligence

New Leaf National Trust Inc.

990 • Fiscal year 2020 • EIN 83-0614420

Jul 01, 2019 to Jun 30, 2020 • Filed on Sep 29, 2020

Organization ProfileN/A
PO Box 501877Indianapolis, IN 46250-6877

(317) 841-8795

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.01x

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

99th percentile

55.85x

Higher debt load relative to revenue than 99% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

4th percentile

-84%

Higher net margin than 4% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

15th percentile

$42,000

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 20.6% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

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

Source year 2020

Revenue Growth

Score unavailable

No value available

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

Source year 2020

Balance Sheet
Liabilities / Assets93rd percentile

Assets

$11,246,897

No earlier filing loaded for comparison.

Net Assets

-$154,590

No earlier filing loaded for comparison.

Liabilities

$11,401,487

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin4th percentile

Revenue

$204,158

No earlier filing loaded for comparison.

Expenses

$374,647

No earlier filing loaded for comparison.

Net Income

-$170,489

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$20M$10M$0-$10MAssets 2020: $11,246,897Liabilities 2020: $11,401,487Net Assets 2020: -$154,5902020Assets 2021: $18,253,406Liabilities 2021: $18,773,186Net Assets 2021: -$519,7802021Assets 2022: $14,326,152Liabilities 2022: $15,240,776Net Assets 2022: -$914,6242022Assets 2023: $17,201,640Liabilities 2023: $18,361,016Net Assets 2023: -$1,159,3762023Assets 2024: $16,709,185Liabilities 2024: $18,174,142Net Assets 2024: -$1,464,9572024

Highlighted filing

2020

Assets$11,246,897
Liabilities$11,401,487
Net Assets-$154,590
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KRevenue 2020: $204,158Expenses 2020: $374,647Net Income 2020: -$170,4892020Revenue 2021: $276,399Expenses 2021: $582,001Net Income 2021: -$305,6022021Revenue 2022: $169,838Expenses 2022: $564,682Net Income 2022: -$394,8442022Revenue 2023: $371,685Expenses 2023: $616,437Net Income 2023: -$244,7522023Revenue 2024: $391,654Expenses 2024: $697,235Net Income 2024: -$305,5812024

Highlighted filing

2020

Revenue$204,158
Expenses$374,647
Net Income-$170,489
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Sep 29, 2020
Return Version
2019v5.1
Gross Receipts
$204,158
Mission and Program Overview

Mission

To provide medicaid, ssi and other means-tested benefits recipients who have been injured in a personal injury, medical malpractice, class action, or other lawsuits with the finest, most compassionate and fastest service available from a pooled special needs trust-and to do so with the utmost of competence, legal expertise, and understanding.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$4,023-
Total Assets$0$11,246,897▲ $11,246,897
Other Assets Total$0$11,242,874▲ $11,242,874
Liabilities
Escrow Account Liability-$11,087,583-
Other Liabilities$0$313,904▲ $313,904
Total Liabilities$0$11,401,487▲ $11,401,487
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$-154,590-
Total Net Assets Fund Balance$0$-154,590▼ $154,590
Total Liabilities and Net Assets / Fund Balance$0$11,246,897▲ $11,246,897

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$150,000--
Compensation and Service Providers
Top Officer Pay15th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Wes CosgriffDirectorFT$42,000$42,000

Board Members and Trustees

NameTitle
Larry CaglePresident
Kirk LeblancVice President
Bob HoganDirector
Jeffrey L BinkleyDirector
Kenn BarbeeDirector
Kevin ClasenDirector
Matt RaymondDirector
Susan HargroveSecretary
Gary NeadTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$199,078
Investment Income
$5,080
Other Revenue
$0
Change in Net Assets
$-170,489
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$197,649
Other Expenses$176,998
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$181,601--$181,601
Fees for Services Management$57,741--$57,741
Payroll Taxes$16,048--$16,048
Fees for Services Legal$11,389--$11,389
Insurance$9,273--$9,273
Fees for Services Accounting$3,838--$3,838
Information Technology$3,752--$3,752
Travel$2,416--$2,416
Office Expenses$1,573--$1,573
Other Expenses$1,334$1,901-$1,334
All Other Expenses$948$235-$1,183
Interest$493--$493
Conferences and Meetings$162--$162
Advertising$161--$161
Total Functional Expenses$372,511$2,136$0$374,647
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
Sba Eidl Loan$150,000
Ppp Loan From Horizon Bank$75,750
Loan From Nfsni$71,557
Advance Fees From Advocacy$16,597
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
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
Yes
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“New leaf national trust used professional business services of indiana, llc (pbs) to perform some contract, management consulting and marketing services (26-3803191). Pbs was paid $3,693.75 in the fiscal year ended 6/30/2020. Gary nead is a non-owner employee of pbs. Gary nead is the treasurer of the board of new leaf national trust inc.”

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

“The return is submitted to the board of directors for their review and approval prior to filing.”

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

“Key officers are required to disclose annual interest that could give rise to conflicts. The taxpayer did regularly and consistently monitor and enforce compliance.”

Form 990, Part VI, Section B, Line 15A

“To determine the top executive salary, new leaf national trust followed a written executive compensation policy which included review and approval by independent persons, comparability data and contemporaneous substantiation of the deliberation and decision.”

Form 990, Part VI, Section C, Line 18

“The documents are available to the public upon request.”

Form 990, Part VI, Section C, Line 19

“THE PRESIDENT PROVIDES.”

Filing and Contact Details

Filer

Filer Name
New Leaf National Trust
EIN
83-0614420
Phone
3178418795
Address
PO BOX 501877, INDIANAPOLIS, IN 46250-6877

Signing Officer

Name
Larry Cagle
Title
President
Phone
3178418795
Signed
2020-09-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry Cagle
Formed
2019
Legal Domicile
In
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Somerset Cpas Pc
Address
3925 RIVER CROSSING PKWY, INDIANAPOLIS, IN 46240
Preparer
Matthew W Utterback CPA
Phone
3174722200
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Prior period adjustment 15,899.”

Financial Statement Notes

PART IV, LINE 2B:

“The assets are for beneficiaries only. The new leaf national trust acts as a trustee and provides pooled trust services to disable individuals. The organization holds funds in custodial accounts. A trust escrow asset and associated escrow liability are presented on the balance sheet.”

Raw XML Appendix376 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSETS ARE FOR BENEFICIARIES ONLY. THE NEW LEAF NATIONAL TRUST ACTS AS A TRUSTEE AND PROVIDES POOLED TRUST SERVICES TO DISABLE INDIVIDUALS. THE ORGANIZATION HOLDS FUNDS IN CUSTODIAL ACCOUNTS. A TRUST ESCROW ASSET AND ASSOCIATED ESCROW LIABILITY ARE PRESENTED ON THE BALANCE SHEET.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NEW LEAF NATIONAL TRUST USED PROFESSIONAL BUSINESS SERVICES OF INDIANA, LLC (PBS) TO PERFORM SOME CONTRACT, MANAGEMENT CONSULTING AND MARKETING SERVICES (26-3803191). PBS WAS PAID $3,693.75 IN THE FISCAL YEAR ENDED 6/30/2020. GARY NEAD IS A NON-OWNER EMPLOYEE OF PBS. GARY NEAD IS THE TREASURER OF THE BOARD OF NEW LEAF NATIONAL TRUST INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN IS SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2KEY OFFICERS ARE REQUIRED TO DISCLOSE ANNUAL INTEREST THAT COULD GIVE RISE TO CONFLICTS. THE TAXPAYER DID REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO DETERMINE THE TOP EXECUTIVE SALARY, NEW LEAF NATIONAL TRUST FOLLOWED A WRITTEN EXECUTIVE COMPENSATION POLICY WHICH INCLUDED REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PRESIDENT PROVIDES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PRIOR PERIOD ADJUSTMENT 15,899.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt011246897
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt011246897
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02136
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0372511
IRS990/TotalFunctionalExpensesGrp/TotalAmt0374647
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt011401487
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt011401487
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-154590
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0372511
IRS990/TotalProgramServiceRevenueAmt0199078
IRS990/TotalReportableCompFromOrgAmt042000
IRS990/TotalRevenueGrp/ExclusionAmt05080
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0199078
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0204158
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011246897
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt02416
IRS990/TravelGrp/TotalAmt02416
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 501877
IRS990/USAddress/CityNm0INDIANAPOLIS
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd0462506877
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LARRY CAGLE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03178418795
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-09-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEW LEAF NATIONAL TRUST
ReturnHeader/Filer/BusinessNameControlTxt0NEWL
ReturnHeader/Filer/EIN0830614420
ReturnHeader/Filer/PhoneNum03178418795
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 501877
ReturnHeader/Filer/USAddress/CityNm0INDIANAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0563AC06ACC09D1DB056CD813DAFCC9618F5986E3
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0E2757C9F6270FAB54BB8E55111A67AC92DC8A5D1
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0208.87.237.201
ReturnHeader/FilingSecurityInformation/IPDt02020-09-29
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0US
ReturnHeader/FilingSecurityInformation/IPTm015:47:09
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201717681
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SOMERSET CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03925 RIVER CROSSING PKWY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046240
ReturnHeader/PreparerPersonGrp/PhoneNum03174722200
ReturnHeader/PreparerPersonGrp/PreparationDt02020-09-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MATTHEW W UTTERBACK CPA
ReturnHeader/ReturnTs02020-10-12T10:21:24-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,246,897
Liabilities
$11,401,487
Net assets
-$154,590
Revenue
$204,158
Expenses
$374,647
Net income
-$170,489
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.7$18.2$1.46$0.39$0.70$0.31
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.2$18.4$1.16$0.37$0.62$0.24
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.3$15.2$0.91$0.17$0.56$0.39
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.3$18.8$0.52$0.28$0.58$0.31
2020Detailed filing. Detailed filing data is available for this year.$11.2$11.4$0.15$0.20$0.37$0.17