Civic Intelligence

Flatout Without Limits

990 • Fiscal year 2023 • EIN 87-3481729

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

1450 N Arbor CircleTucson, AZ 85715

(248) 525-9528

Siviq Scores

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

Liabilities / Assets

84th percentile

0.20x

Higher debt load relative to assets than 84% of similar nonprofits.

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

Liabilities / Revenue

90th percentile

0.33x

Higher debt load relative to revenue than 90% of similar nonprofits.

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

Net Margin

6th percentile

-102%

Higher net margin than 6% of similar nonprofits.

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

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

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

Asset Growth

17th percentile

-32%

Faster asset growth than 17% of similar nonprofits.

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

Revenue Growth

9th percentile

-58%

Faster revenue growth than 9% of similar nonprofits.

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

Assets

Flat

$145,897

Flat from 2023

Net Assets

Flat

$116,440

Flat from 2023

Liabilities

Flat

$29,457

Flat from 2023

Revenue

Flat

$90,164

Flat from 2023

Expenses

Flat

$182,564

Flat from 2023

Net Income

Flat

-$92,400

Flat from 2023

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2021: $90,000Liabilities 2021: $6,656Net Assets 2021: $83,3442021Assets 2022: $213,105Liabilities 2022: $379Net Assets 2022: $212,7262022Assets 2023: $145,897Liabilities 2023: $29,457Net Assets 2023: $116,4402023Assets 2023: $145,897Liabilities 2023: $29,457Net Assets 2023: $116,4402023Assets 2024: $87,707Liabilities 2024: $7,360Net Assets 2024: $80,3472024

Highlighted filing

2023

Assets$145,897
Liabilities$29,457
Net Assets$116,440

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2021: $90,250Expenses 2021: $6,906Net Income 2021: $83,3442021Revenue 2022: $215,574Expenses 2022: $92,848Net Income 2022: $122,7262022Revenue 2023: $90,164Expenses 2023: $182,564Net Income 2023: -$92,4002023Revenue 2023: $90,164Expenses 2023: $182,564Net Income 2023: -$92,4002023Revenue 2024: $65,072Expenses 2024: $106,793Net Income 2024: -$41,7212024

Highlighted filing

2023

Revenue$90,164
Expenses$182,564
Net Income-$92,400
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$90,164
Mission and Program Overview

Mission

To provide access to adventure and extreme sports for youth, disabled, and sponsored athletes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$135,673$144,604▲ $8,931
Rtn Earn Endowment Incm Other Fnds$212,726$116,440▼ $96,286
Savings and Temporary Cash Investments$2,000--
Cash and Non-Interest-Bearing Accounts$75,432$1,293▼ $74,139
Total Assets$213,105$145,897▼ $67,208
Liabilities
Unsecured Notes Loans Payable$379$29,457▲ $29,078
Total Liabilities$379$29,457▲ $29,078
Net Assets / Fund Balance
Total Net Assets Fund Balance$212,726$116,440▼ $96,286
Total Liabilities and Net Assets / Fund Balance$213,105$145,897▼ $67,208

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$144,604$83,173$227,777
Compensation and Service Providers

Board Members and Trustees

NameTitle
Stefan AssegPresident/Treasurer
Frank OldjeVice President
Revenue and Support

Revenue Composition

Contributions and Grants
$88,600
Program Service Revenue
$0
Investment Income
$1,564
Other Revenue
$0
All Other Contributions
$87,100
Change in Net Assets
$-92,400

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Cars and Other Vehicles3$79,0003rd Party Appraisals
Total Noncash Contributions3$79,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$76,352
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$106,212--$106,212
Depreciation Depletion$70,069--$70,069
Travel$2,508--$2,508
Advertising$1,180$600-$1,780
Other Expenses$919--$919
Fees for Services Accounting-$350-$350
Information Technology-$276-$276
Interest$230--$230
Office Expenses-$25-$25
Total Functional Expenses$181,313$1,251$0$182,564
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
Federal income taxes-
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
Yes
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, Part VI, Section B, Line 11A and 11B

Organizations Process to Review Form 990 Form 990 is completed by an accounting firm, then after the Form 990 is prepared, it is sent to the President for review and shared with the non-conflict of interest board members to elicit any edits before it is signed and filed.

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

Enforcement of Conflicts Policy The Organization has a written conflict of interest policy that is reviewed yearly and monitored twice a year at board meetings by asking board members of potential conflicts. If a conflict exists, then any matters where the conflicts exists, the conflicted parties are excluded from decision-making powers.

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

Compensation Process for Top Officials All compensation for either officers or key employees is determined by the Executive Board on a yearly basis, where years of service, hours spent in the organization, and comparison to equivalent positions at other organizations determine the yearly salary/wages. However, no Board Members receive payment for services, according to our By-Laws, and furthermore, no key employees or officers receive compensation for at least the first three years of existence.

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

Compensation Process for Offices All compensation for either officers or key employees is determined by the Executive Board on a yearly basis, where years of service, hours spent in the organization, and comparison to equivalent positions at other organizations determine the yearly salary/wages. However, no Board Members receive payment for services, according to our By-Laws, and furthermore, no key employees or officers receive compensation for at least the first three years of existence.

Form 990, Part VI, Section C, Line 19

Governing Documents Disclosure Explanation The organization has all of its governing documents, conflict of interest policy, and financial statements available to the public upon request currently through telephone and mailing, and will have it available through the website once created.

Filing and Contact Details

Filer

Filer Name
Flatout Without Limits
EIN
87-3481729
Phone
2485259528
Address
1450 N Arbor Circle, Tucson, AZ 85715

Signing Officer

Name
Stefan Asseg
Title
DirectorPresident
Phone
2485259528
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stefan Asseg
Formed
2021
Legal Domicile
Az
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
Az Southwest CPA Services Pllc
Address
PO BOX 36837, TUCSON, AZ 85740
Preparer
Thomas G Rooney
Phone
5208883696
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Organizations Process to Review Form 990 Form 990 is completed by an accounting firm, then after the Form 990 is prepared, it is sent to the President for review and shared with the non-conflict of interest board members to elicit any edits before it is signed and filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Enforcement of Conflicts Policy The Organization has a written conflict of interest policy that is reviewed yearly and monitored twice a year at board meetings by asking board members of potential conflicts. If a conflict exists, then any matters where the conflicts exists, the conflicted parties are excluded from decision-making powers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation Process for Top Officials All compensation for either officers or key employees is determined by the Executive Board on a yearly basis, where years of service, hours spent in the organization, and comparison to equivalent positions at other organizations determine the yearly salary/wages. However, no Board Members receive payment for services, according to our By-Laws, and furthermore, no key employees or officers receive compensation for at least the first three years of existence.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation Process for Offices All compensation for either officers or key employees is determined by the Executive Board on a yearly basis, where years of service, hours spent in the organization, and comparison to equivalent positions at other organizations determine the yearly salary/wages. However, no Board Members receive payment for services, according to our By-Laws, and furthermore, no key employees or officers receive compensation for at least the first three years of existence.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing Documents Disclosure Explanation The organization has all of its governing documents, conflict of interest policy, and financial statements available to the public upon request currently through telephone and mailing, and will have it available through the website once created.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11a and 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
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ReturnHeader/ReturnTs02024-11-14T01:32:54-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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