Naturally Boulder INC FY2020 filing

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To nurture community, leadership, and innovation in the colorado natural products industry

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$99K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $57K a year · 15% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$99K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
8 mo
of spending, in cash
Looks good: 8.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$10K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$354K
Spent
$378K
Net assets
$319K
By yearFY2020–FY2024
Revenue
$354K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$354K
FY2021$408K
FY2022$384K
FY2023$378K
FY2024$382K
Expenses
$378K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$378K
FY2021$518K
FY2022$553K
FY2023$384K
FY2024$358K
Net assets
$319K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$319K
FY2021$209K
FY2022$34K
FY2023$52K
FY2024$77K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

16 people listed on the 990; $99K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$99,353Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Co Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Co Vice President
$0Pt VII · Sec A

Bill Capsalis’s $79K as Executive Director is at the 55th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2021FY2020
Arron Mansika—$99,353
Bill Capsalis$79,167—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Naturally Boulder INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Nurturing community, leadership, and innovation in Colorado's natural products industry.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

To support and promote natural product companies by way of education, newsletter, web site, events and partnerships.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $25K · 2020–2020
Naturally Network INCTX · FY2020$25,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$354K
Ln 12
Fees for servicesLn 2g$318K
Gifts and grantsLn 1h$35K
Investment incomeLn 3$660
Money outPt IX
$378K
Ln 25
Owns and owesPt X
$319K
net assets · Ln 32
Cash and savingsLn 1–2$264K
Total assetsLn 16$329K
LiabilitiesLn 26$10K
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$35K
Fees for servicesLn 2g$318K
Investment incomeLn 3$660
Total revenueLn 12$354K
Assets in detailPt X, end of year
CashLn 1$226K
SavingsLn 2$38K
Cash and savings togetherLn 1–2$264K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$50
Total assetsLn 16$329K
LiabilitiesLn 26$10K
Net assetsLn 32$319K
OperationsPt I, VI
EmployeesI 53
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$320K$264K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$353K$329K
LiabilitiesLn 26$10K$10K
Net assetsLn 32$343K$319K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$25K
Pay of current officers, directors and key staffLn 5$99K
Other salaries and wagesLn 7$88K
Other employee benefitsLn 9$18K
Payroll taxesLn 10$15K
Legal feesLn 11b$14K
Accounting feesLn 11c$6K
Other fees for servicesLn 11g$54K
Advertising and promotionLn 12$454
Office expensesLn 13$18K
OccupancyLn 16$28K
TravelLn 17$2K
Conferences, conventions and meetingsLn 19$2K
InsuranceLn 23$5K
Other expenses (24a–d)Ln 24$4K
Total functional expensesLn 25$378K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $382K$358K$24K$77K 990 PDF
FY2023 $378K$384K−$6K$52K 990 PDF
FY2022 $384K$553K−$169K$34K 990 PDF
FY2021 $408K$518K−$110K$209K 990 PDF
FY2020 Viewing $354K$378K−$24K$319K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $353,912 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $55,705$35,490
I-9 Program service revenuePrior year $408,320$317,762
I-10 Investment incomePrior year $773$660
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $464,798$353,912
I-13 Grants and similar amounts paidPrior year $5,000$25,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $224,276$220,707
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $216,689$132,439
I-18 Total expensesPrior year $445,965$378,146
I-19 Revenue less expensesPrior year $18,833−$24,234
Part VI · Governance 14 of 14 board members independent, 2 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $353,912 across 5 lines filed
VIII-1b Membership dues$35,490
VIII-1h Total contributions, gifts and grants$35,490
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $317,762$317,762
VIII-3 Investment incomeExcluded from tax $660$660
VIII-12 Total revenueRelated to mission $317,762 · Unrelated business $0 · Excluded from tax $660$353,912
Part IX · Statement of functional expenses $378,146 across 15 lines filed
IX-1 Grants to domestic organizations$25,000
IX-5 Pay of current officers, directors and key staff$99,353
IX-7 Other salaries and wages$88,067
IX-9 Other employee benefits$18,319
IX-10 Payroll taxes$14,968
IX-11b Legal fees$14,500
IX-11c Accounting fees$5,955
IX-11g Other fees for services$53,780
IX-12 Advertising and promotion$454
IX-13 Office expenses$17,929
IX-16 Occupancy$27,501
IX-17 Travel$1,545
IX-19 Conferences, conventions and meetings$2,279
IX-23 Insurance$4,631
IX-24 Other expenses (24a–d)$3,865
IX-25 Total functional expenses$378,146
Part X · Balance sheet $328,622 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $79,001$226,092
X-2 Savings and temporary cash investmentsStart of year $240,742$38,072
X-4 Accounts receivableStart of year $19,025$53,850
X-9 Prepaid expenses and deferred chargesStart of year $14,128$10,558
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $50$50
X-16 Total assetsStart of year $352,946$328,622
X-17 Accounts payable and accrued expensesStart of year $8,717$8,250
X-19 Deferred revenueStart of year $1,000$0
X-25 Other liabilitiesStart of year $0$1,379
X-26 Total liabilitiesStart of year $9,717$9,629
X-32 Total net assets or fund balancesStart of year $343,229$318,993
X-33 Total liabilities and net assetsStart of year $352,946$328,622
Part XI · Reconciliation of net assets $318,993 net assets at year end
XI-1 Total revenue$353,912
XI-2 Total expenses$378,146
XI-3 Revenue less expenses−$24,234
XI-4 Net assets at start of year$343,229
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$318,993

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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