Civic Intelligence

Shift Atl Inc

990 • Fiscal year 2023 • EIN 84-2201779

Jan 01, 2023 to Dec 31, 2023 • Filed on May 07, 2024

PO Box 331Atlantic, IA 50022

(712) 304-2651

Siviq Scores

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

Liabilities / Assets

68th percentile

0.11x

Higher debt load relative to assets than 68% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

81st percentile

0.30x

Higher debt load relative to revenue than 81% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

95th percentile

72%

Higher net margin than 95% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

89th percentile

56%

Faster asset growth than 89% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

55th percentile

12%

Faster revenue growth than 55% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$919,132

Up $329,676 (+56%) from 2022

Net Assets

Up

$819,122

Up $239,239 (+41%) from 2022

Liabilities

Up

$100,010

Up $90,437 (+945%) from 2022

Revenue

Up

$331,245

Up $35,141 (+12%) from 2022

Expenses

Up

$92,006

Up $12,283 (+15%) from 2022

Net Income

Up

$239,239

Up $22,858 (+11%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2021: $403,623Liabilities 2021: $40,121Net Assets 2021: $363,5022021Assets 2022: $589,456Liabilities 2022: $9,573Net Assets 2022: $579,8832022Assets 2023: $919,132Liabilities 2023: $100,010Net Assets 2023: $819,1222023Assets 2024: $529,709Liabilities 2024: $170Net Assets 2024: $529,5392024

Highlighted filing

2023

Assets$919,132
Liabilities$100,010
Net Assets$819,122

Operations Trend

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

$600K$400K$200K$0-$200K-$400KRevenue 2021: $300,171Expenses 2021: $51,003Net Income 2021: $249,1682021Revenue 2022: $296,104Expenses 2022: $79,723Net Income 2022: $216,3812022Revenue 2023: $331,245Expenses 2023: $92,006Net Income 2023: $239,2392023Revenue 2024: $112,660Expenses 2024: $402,243Net Income 2024: -$289,5832024

Highlighted filing

2023

Revenue$331,245
Expenses$92,006
Net Income$239,239
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 7, 2024
Return Version
2023v5.0
Gross Receipts
$399,673
Mission and Program Overview

Mission

To revitalize atlantic iowa through projects, services, and programs that will enhance the community and foster a sense of development and growth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$579,883$819,122▲ $239,239
Land, Buildings, and Equipment, Net$425,642$415,913▼ $9,729
Cash and Non-Interest-Bearing Accounts$163,814$375,090▲ $211,276
Inventories for Sale or Use$0$128,129▲ $128,129
Total Assets$589,456$919,132▲ $329,676
Liabilities
Unsecured Notes Loans Payable-$100,000-
Other Liabilities$9,573$0▼ $9,573
Accounts Payable and Accrued Expenses-$10-
Total Liabilities$9,573$100,010▲ $90,437
Net Assets / Fund Balance
Total Net Assets Fund Balance$579,883$819,122▲ $239,239
Total Liabilities and Net Assets / Fund Balance$589,456$919,132▲ $329,676

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$390,350$29,848-
Land$2,720--
Equipment$22,843$5,369-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mackenzie BandowPresident
Emily KennedySecretary
Jessie ShielsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$305,876
Program Service Revenue
$0
Investment Income
$271
Other Revenue
$25,098
All Other Contributions
$305,876
Change in Net Assets
$239,239
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$52,013
Grants and Similar Amounts Paid$25,000
Salaries, Compensation, and Employee Benefits$14,993
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$26,451$0$0$26,451
Grants to Domestic Orgs$25,000--$25,000
Depreciation Depletion$14,466$0$0$14,466
Other Salaries and Wages$13,792$0$0$13,792
Office Expenses$2,437$1,403$0$3,840
Fees for Services Accounting$2,474$0$0$2,474
Insurance$1,486$0$0$1,486
Payroll Taxes$1,201$0$0$1,201
Advertising$1,008$0$0$1,008
Conferences and Meetings$470$0$0$470
Other Expenses$392$0$0$392
Total Functional Expenses$90,134$1,872$0$92,006
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$33,473
Fundraising Direct Expenses$28,331
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Summer Fundraiser$27,498$27,498$101$27,397
None----
Total Events$27,498$27,498$23,724$3,774
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Vision Atlantic Payable$0
Unearned Revenue$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Shift Atl Inc
EIN
84-2201779
Phone
7123042651
Address
PO BOX 331, ATLANTIC, IA 50022

Signing Officer

Name
Jessica Shiels
Title
Treasurer
Phone
7123042651
Signed
2024-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jessica Shiels
Formed
2019
Legal Domicile
Ia
Voting Board Members
3
Independent Board Members
3
Employees
11
Volunteers
50

Preparer

Firm
Rush CPA & Associates PLLC
Address
222 Chestnut Street Suite 102, Atlantic, IA 50022
Preparer
Ben Rush CPA
Phone
7122437770
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Board members are given a copy of the 990 to review before filing.

Pt VI, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available for public inspections upon request.

Pt VI, Line 7A

Board members are appointed by the organization's members.

Pt VI, Line 7B

Major decisions by the board are asked for approval by the organization's members.

Pt VI, Line 6

The organization has board members.

Pt VIII

Line 11a: miscellaneous revenue is from a k-1 that was recevied from atlantic community development llc. All of the pass through earnings are related function revenue.

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IRS990ScheduleD/LandGrp/BookValueAmt02720
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt02720
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt10
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0VISION ATLANTIC PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1UNEARNED REVENUE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0415913
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt023724
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt03500
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt03500
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SUMMER FUNDRAISER
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0NONE
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt020123
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt020123
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt027498
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt027498
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt027498
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt027498
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt03774
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0101
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0101
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS ARE GIVEN A COPY OF THE 990 TO REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTIONS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE APPOINTED BY THE ORGANIZATION'S MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MAJOR DECISIONS BY THE BOARD ARE ASKED FOR APPROVAL BY THE ORGANIZATION'S MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LINE 11A: MISCELLANEOUS REVENUE IS FROM A K-1 THAT WAS RECEVIED FROM ATLANTIC COMMUNITY DEVELOPMENT LLC. ALL OF THE PASS THROUGH EARNINGS ARE RELATED FUNCTION REVENUE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VIII
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0589456
IRS990/TotalAssetsEOYAmt0919132
IRS990/TotalAssetsGrp/BOYAmt0589456
IRS990/TotalAssetsGrp/EOYAmt0919132
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0305876
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01872
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt090134
IRS990/TotalFunctionalExpensesGrp/TotalAmt092006
IRS990/TotalGrossUBIAmt05142
IRS990/TotalLiabilitiesBOYAmt09573
IRS990/TotalLiabilitiesEOYAmt0100010
IRS990/TotalLiabilitiesGrp/BOYAmt09573
IRS990/TotalLiabilitiesGrp/EOYAmt0100010
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0579883
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0819122
IRS990/TotalProgramServiceExpensesAmt090134
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt020227
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0331245
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt05142
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0589456
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0919132
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0100000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt067817 HAMBURG RD
IRS990/USAddress/CityNm0WIOTA
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050274
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JESSICA SHIELS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07123042651
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHIFT ATL INC
ReturnHeader/Filer/BusinessNameControlTxt0SHIF
ReturnHeader/Filer/EIN0842201779
ReturnHeader/Filer/PhoneNum07123042651
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 331
ReturnHeader/Filer/USAddress/CityNm0ATLANTIC
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050022
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0814204051
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Rush CPA & Associates PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0222 Chestnut Street Suite 102
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Atlantic

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