Civic Intelligence

Isow Inc.

990 • Fiscal year 2021 • EIN 85-1245407

Jan 01, 2021 to Dec 31, 2021 • Filed on Jan 28, 2024

340 Paul Huff Pkwy NWCleveland, TN 37312-2955

(423) 250-5001

Siviq Scores

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

Liabilities / Assets

51st percentile

0.03x

Higher debt load relative to assets than 51% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

39th percentile

0.01x

Higher debt load relative to revenue than 39% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

20th percentile

-6.2%

Higher net margin than 20% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

77th percentile

$69,200

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 8.5% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

7th percentile

-18%

Faster asset growth than 7% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

50th percentile

13%

Faster revenue growth than 50% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

$239,405

No earlier filing loaded for comparison.

Net Assets

$232,936

No earlier filing loaded for comparison.

Liabilities

$6,469

No earlier filing loaded for comparison.

Revenue

$816,589

No earlier filing loaded for comparison.

Expenses

$866,845

No earlier filing loaded for comparison.

Net Income

-$50,256

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2021: $239,405Liabilities 2021: $6,469Net Assets 2021: $232,9362021Assets 2021: $239,405Liabilities 2021: $6,469Net Assets 2021: $232,9362021Assets 2024: $82,114Liabilities 2024: $7,510Net Assets 2024: $74,6042024

Highlighted filing

2021

Assets$239,405
Liabilities$6,469
Net Assets$232,936

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2021: $816,589Expenses 2021: $866,845Net Income 2021: -$50,2562021Revenue 2021: $816,589Expenses 2021: $866,845Net Income 2021: -$50,2562021Revenue 2024: $797,474Expenses 2024: $887,725Net Income 2024: -$90,2512024

Highlighted filing

2021

Revenue$816,589
Expenses$866,845
Net Income-$50,256
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jan 28, 2024
Return Version
2021v4.0
Gross Receipts
$816,589
Mission and Program Overview

Mission

Isow is committed to providing a quality online biblical education to students around the world, especially ministers who may not have other opportunities to seek education at traditional brick & mortar institutions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$313,192$354,346▲ $41,154
Cash and Non-Interest-Bearing Accounts$290,892$239,405▼ $51,487
Total Assets$320,892$360,815▲ $39,923
Other Assets Total$30,000$121,410▲ $91,410
Liabilities
Other Liabilities$7,700$6,469▼ $1,231
Total Liabilities$7,700$6,469▼ $1,231
Net Assets / Fund Balance
Total Net Assets Fund Balance$313,192$354,346▲ $41,154
Total Liabilities and Net Assets / Fund Balance$320,892$360,815▲ $39,923

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$121,410--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dr Bryan CutshallPresidentFT$69,200$69,200
Ryan J HamiltonTreasurerFT$62,257$62,257
Brittany EasthamSecretaryPT$9,450$9,450

Board Members and Trustees

NameTitle
Faith CutshallVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$414,156
Program Service Revenue
$402,433
Investment Income
$0
Other Revenue
$0
All Other Contributions
$414,156
Change in Net Assets
$41,154

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported Amount
Real Estate Commercial1$177,500
Total Noncash Contributions1$177,500
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$567,134
Salaries, Compensation, and Employee Benefits$208,301
Total Fundraising Expense$150,381
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$77,312$77,292$77,292$231,896
Current Officers, Directors, Trustees, and Key Employees$77,498$16,909$46,500$140,907
Fees for Services Management-$133,081-$133,081
Other Salaries and Wages$38,250$8,195$8,195$54,640
Office Expenses-$26,685-$26,685
Fees for Services Other$5,295$5,724$5,139$16,158
Conferences and Meetings$15,420--$15,420
Payroll Taxes-$12,754-$12,754
Fees for Services Accounting-$10,491-$10,491
Fees for Services Legal-$1,271-$1,271
Other Expenses$1,024-$13,255$1,024
Travel$676--$676
Total Functional Expenses$332,652$292,402$150,381$775,435
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
Citibank Mc$5,240
PAYROLL LIABILITIES: FEDERAL TAXES ($1,229
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Faith cutshall bryan cutshall v president president wife brittany eastham bryan cutshall secretary president daughter

Form 990, Page 6, Part VI, Line 11B

Isow makes a copy of form 990 avaliable for review to all board members via email prior to filing.

Form 990, Page 6, Part VI, Line 12C

Isow monitors compliance with its conflict of interest policy by the following: a) notifying each board member, officer, or other members with responsibility for governing the organization of a duty to disclose all material facts regarding any potential conflict of interest; (b) requiring all officers and directors to sign an annual compliance statement; and (c) conducting an annual review and assessment regarding the administration of the policy.

Form 990, Page 6, Part VI, Line 19

Isow provides a copy to the public via at their cleveland location upon request.

Filing and Contact Details

Filer

Filer Name
Isow Inc
EIN
85-1245407
Phone
4232505001
Address
340 PAUL HUFF PKWY NW, CLEVELAND, TN 37312-2955

Signing Officer

Name
Dr Bryan Cutshall
Title
President
Phone
4232505001
Signed
2024-01-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Bryan Cutshall
Formed
2020
Legal Domicile
Tn
Voting Board Members
4
Independent Board Members
4
Employees
6

Preparer

Firm
Wedgewood Accounting Pllc
Address
4395 N OCOEE ST, CLEVELAND, TN 37312-4832
Preparer
Scott D Hall CPA
Phone
4234765581
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

This tax return has been amended to account for the employee retention tax credit (ertc) as provided under the coronavirus aid, relief, and economic security (cares) act. The organization took advantage of the ertc for the 1st, 2nd, and 3rd quarters of the year 2022 in response to the ongoing economic challenges. This utilization of the ertc resulted in an adjustment of 94,410 in reduced payroll expenses for these quarters, reflecting the substantial benefit received under this provision. The specific amount of this adjustment has been reported as reductions under the payroll expense section of this amended tax return. The deployment of the ertc funds was carried out in strict adherence to the requirements set forth, ensuring that all payroll expenditures covered by the ertc for the specified quarters align with the qualifying criteria established by the internal revenue service.

Form 990, Page 2, Part III, Line 4A

Isow films course content, which includes live lectures and seminars. Our objective is to provide the same quality content students would receive if they were to attend in person. Isow develops written material to supplement lectures, then organizes the content on our website. Our objective, as with filming, is to provide a quality, well-rounded biblical education to our students. Isow develops marketing campaigns to advertise live lectures and website content. Our goal is to promote course offerings to the widest possible audience. Also, program services involve providing academic and technical support to students. Our objective, as with all program services, is to provide a complete, quality academic experience to every student.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THIS TAX RETURN HAS BEEN AMENDED TO ACCOUNT FOR THE EMPLOYEE RETENTION TAX CREDIT (ERTC) AS PROVIDED UNDER THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY (CARES) ACT. THE ORGANIZATION TOOK ADVANTAGE OF THE ERTC FOR THE 1ST, 2ND, AND 3RD QUARTERS OF THE YEAR 2022 IN RESPONSE TO THE ONGOING ECONOMIC CHALLENGES. THIS UTILIZATION OF THE ERTC RESULTED IN AN ADJUSTMENT OF 94,410 IN REDUCED PAYROLL EXPENSES FOR THESE QUARTERS, REFLECTING THE SUBSTANTIAL BENEFIT RECEIVED UNDER THIS PROVISION. THE SPECIFIC AMOUNT OF THIS ADJUSTMENT HAS BEEN REPORTED AS REDUCTIONS UNDER THE PAYROLL EXPENSE SECTION OF THIS AMENDED TAX RETURN. THE DEPLOYMENT OF THE ERTC FUNDS WAS CARRIED OUT IN STRICT ADHERENCE TO THE REQUIREMENTS SET FORTH, ENSURING THAT ALL PAYROLL EXPENDITURES COVERED BY THE ERTC FOR THE SPECIFIED QUARTERS ALIGN WITH THE QUALIFYING CRITERIA ESTABLISHED BY THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ISOW FILMS COURSE CONTENT, WHICH INCLUDES LIVE LECTURES AND SEMINARS. OUR OBJECTIVE IS TO PROVIDE THE SAME QUALITY CONTENT STUDENTS WOULD RECEIVE IF THEY WERE TO ATTEND IN PERSON. ISOW DEVELOPS WRITTEN MATERIAL TO SUPPLEMENT LECTURES, THEN ORGANIZES THE CONTENT ON OUR WEBSITE. OUR OBJECTIVE, AS WITH FILMING, IS TO PROVIDE A QUALITY, WELL-ROUNDED BIBLICAL EDUCATION TO OUR STUDENTS. ISOW DEVELOPS MARKETING CAMPAIGNS TO ADVERTISE LIVE LECTURES AND WEBSITE CONTENT. OUR GOAL IS TO PROMOTE COURSE OFFERINGS TO THE WIDEST POSSIBLE AUDIENCE. ALSO, PROGRAM SERVICES INVOLVE PROVIDING ACADEMIC AND TECHNICAL SUPPORT TO STUDENTS. OUR OBJECTIVE, AS WITH ALL PROGRAM SERVICES, IS TO PROVIDE A COMPLETE, QUALITY ACADEMIC EXPERIENCE TO EVERY STUDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FAITH CUTSHALL BRYAN CUTSHALL V PRESIDENT PRESIDENT WIFE BRITTANY EASTHAM BRYAN CUTSHALL SECRETARY PRESIDENT DAUGHTER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ISOW MAKES A COPY OF FORM 990 AVALIABLE FOR REVIEW TO ALL BOARD MEMBERS VIA EMAIL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ISOW MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY BY THE FOLLOWING: A) NOTIFYING EACH BOARD MEMBER, OFFICER, OR OTHER MEMBERS WITH RESPONSIBILITY FOR GOVERNING THE ORGANIZATION OF A DUTY TO DISCLOSE ALL MATERIAL FACTS REGARDING ANY POTENTIAL CONFLICT OF INTEREST; (B) REQUIRING ALL OFFICERS AND DIRECTORS TO SIGN AN ANNUAL COMPLIANCE STATEMENT; AND (C) CONDUCTING AN ANNUAL REVIEW AND ASSESSMENT REGARDING THE ADMINISTRATION OF THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ISOW PROVIDES A COPY TO THE PUBLIC VIA AT THEIR CLEVELAND LOCATION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/USAddress/AddressLine1Txt0340 PAUL HUFF PARKWAY NW
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DR BRYAN CUTSHALL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04232505001
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-01-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ISOW INC
ReturnHeader/Filer/BusinessNameControlTxt0ISOW
ReturnHeader/Filer/EIN0851245407
ReturnHeader/Filer/PhoneNum04232505001
ReturnHeader/Filer/USAddress/AddressLine1Txt0340 PAUL HUFF PKWY NW
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ReturnHeader/Filer/USAddress/ZIPCd0373122955
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0620798554
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WEDGEWOOD ACCOUNTING PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04395 N OCOEE ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CLEVELAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0373124832
ReturnHeader/PreparerPersonGrp/PhoneNum04234765581
ReturnHeader/PreparerPersonGrp/PreparationDt02024-01-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT D HALL CPA
ReturnHeader/ReturnTs02024-02-01T08:52:14-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRYAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CUTSHALL
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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