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Siba INC FY2023 filing

Not tax-deductible

Bedford, IN501(c)(6)Community DevelopmentEIN 38-3654574Revenue $169K in FY2023

On file with the IRS813 16th St, 47421-3822 · Bedford, INTax-exempt since Sep 2003

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The southern indiana business alliance (Siba) exists to support and promote nwsc crane especially during time of base realignment and closure (brac) leverage crane's technical capability into supportive technology development.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
4 of 5
filings with a surplus
Average surplus $42K a year · 45% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
30 mo
of spending, in cash
Looks good: 29.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $250
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$169K
+198% vs prior year
Spent
$68K
To programs
90%
Net assets
$162K
By yearFY2020–FY2024
Revenue
$169K
FY2023▲ +198%
Tap a bar for its year
Revenue by fiscal year
FY2020$1
FY2021$33K
FY2022$57K
FY2023$169K
FY2024$202K
Expenses
$68K
FY2023▲ +66%
Tap a bar for its year
Expenses by fiscal year
FY2020$1K
FY2021$1K
FY2022$41K
FY2023$68K
FY2024$141K
Net assets
$162K
FY2023▲ +166%
Tap a bar for its year
Net assets by fiscal year
FY2020$13K
FY2021$45K
FY2022$61K
FY2023$162K
FY2024$223K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 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 Sep 2003.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $61K Management & general 10% · $7K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Kim Box
Asst Secreta
$0Pt VII · Sec A
Kent Parisien
President
$0Pt VII · Sec A
Shance Sizemore
Secretary/Tr
$0Pt VII · Sec A
See Siba 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 15aNo

Programs and updates

Promotes and supports NWSC Crane's technical capabilities for technology development.

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Provided by the organization

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3 programs · $61K · in their own filed words · FY2023
01

Educate public about NWSC crane. Estimate of 10,000 crane clients served directly and numerous publications.

$28Kprogram expense
02

Improvement of business conditions with NWSC crane. Estimate of 10,000 crane clients served directly and numerous publications.

$26Kprogram expense
03

Advance common business interest of person who rely upon NSWC care, estimate of 10,0000 clients served directly and numerous publications.

$7Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2020
Painters District Council 58 Painters and Allied Trades for ChiFY2020$250
Total grants receivedfrom 1 funder$250

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$169K
Ln 12
Gifts and grantsLn 1h$169K
Investment incomeLn 3$13
Money outPt IX
$68K
Ln 25
Programscol B$61K
Managementcol C$7K
Owns and owesPt X
$162K
net assets · Ln 32
Cash and savingsLn 1–2$166K
Total assetsLn 16$166K
LiabilitiesLn 26$4K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$169K
Investment incomeLn 3$13
Total revenueLn 12$169K
Assets in detailPt X, end of year
CashLn 1$166K
Cash and savings togetherLn 1–2$166K
Total assetsLn 16$166K
LiabilitiesLn 26$4K
Net assetsLn 32$162K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$61K$166K
Total assetsLn 16$61K$166K
LiabilitiesLn 26$476$4K
Net assetsLn 32$61K$162K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K$506$506
Office expensesLn 13$22K$16K$6K
OccupancyLn 16$386$386
InsuranceLn 23$386$386
Other expenses (24a–d)Ln 24$42K$42K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$68K$61K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $202K$141K$60K$223K 990 PDF
FY2023 Viewing $169K$68K$101K$162K 990 PDF
FY2022 $57K$41K$16K$61K 990 PDF
FY2021 $33K$1K$32K$45K 990 PDF
FY2020 $1$1K−$1K$13K 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 FY2023 990 (6 parts)
Part I · Summary $168,847 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $56,656$168,834
I-9 Program service revenue$0
I-10 Investment incomePrior year $6$13
I-11 Other revenue$0
I-12 Total revenuePrior year $56,662$168,847
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $40,738$67,623
I-18 Total expensesPrior year $40,738$67,623
I-19 Revenue less expensesPrior year $15,924$101,224
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $168,847 across 5 lines filed
VIII-1b Membership dues$140,604
VIII-1f All other contributions, gifts and grants$28,230
VIII-1h Total contributions, gifts and grants$168,834
VIII-3 Investment incomeRelated to mission $13$13
VIII-12 Total revenueRelated to mission $13$168,847
Part IX · Statement of functional expenses $67,623 across 6 lines filed
IX-11c Accounting feesPrograms $506 · Management $506$1,012
IX-13 Office expensesPrograms $16,067 · Management $6,064$22,131
IX-16 OccupancyManagement $386$386
IX-23 InsurancePrograms $386$386
IX-24 Other expenses (24a–d)Programs $42,083$42,083
IX-24e All other expensesPrograms $1,625$1,625
IX-25 Total functional expensesPrograms $60,667 · Management $6,956 · Fundraising $0$67,623
Part X · Balance sheet $166,259 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $61,287$166,259
X-16 Total assetsStart of year $61,287$166,259
X-17 Accounts payable and accrued expensesStart of year $476$4,224
X-26 Total liabilitiesStart of year $476$4,224
X-27 Net assets without donor restrictionsStart of year $60,811$162,035
X-32 Total net assets or fund balancesStart of year $60,811$162,035
X-33 Total liabilities and net assetsStart of year $61,287$166,259
Part XI · Reconciliation of net assets $162,035 net assets at year end
XI-1 Total revenue$168,847
XI-2 Total expenses$67,623
XI-3 Revenue less expenses$101,224
XI-4 Net assets at start of year$60,811
XI-10 Net assets at end of year$162,035

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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