Civic Intelligence

Innovative Industries Inc.

990 • Fiscal year 2021 • EIN 23-7023634

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 15, 2021

PO Box 216Creston, IA 50801

(641) 782-8495

Siviq Scores

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

Liabilities / Assets

86th percentile

0.58x

Higher debt load relative to assets than 86% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

70th percentile

0.27x

Higher debt load relative to revenue than 70% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

39th percentile

6.7%

Higher net margin than 39% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

92nd percentile

82%

Faster asset growth than 92% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

40th percentile

4.6%

Faster revenue growth than 40% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,913,446

Up $861,523 (+82%) from 2020

Net Assets

Up

$807,353

Up $277,131 (+52%) from 2020

Liabilities

Up

$1,106,093

Up $584,392 (+112%) from 2020

Revenue

Up

$4,140,347

Up $182,200 (+4.6%) from 2020

Expenses

Up

$3,863,216

Up $51,840 (+1.4%) from 2020

Net Income

Up

$277,131

Up $130,360 (+89%) from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2012: $1,333,758Liabilities 2012: $563,530Net Assets 2012: $770,2282012Assets 2013: $1,583,003Liabilities 2013: $823,428Net Assets 2013: $759,5752013Assets 2014: $1,481,924Liabilities 2014: $1,112,725Net Assets 2014: $369,1992014Assets 2015: $1,207,148Liabilities 2015: $919,119Net Assets 2015: $288,0292015Assets 2016: $1,266,604Liabilities 2016: $926,817Net Assets 2016: $339,7872016Assets 2017: $868,497Liabilities 2017: $627,408Net Assets 2017: $241,0892017Assets 2018: $774,343Liabilities 2018: $508,317Net Assets 2018: $266,0262018Assets 2019: $794,267Liabilities 2019: $410,816Net Assets 2019: $383,4512019Assets 2020: $1,051,923Liabilities 2020: $521,701Net Assets 2020: $530,2222020Assets 2021: $1,913,446Liabilities 2021: $1,106,093Net Assets 2021: $807,3532021Assets 2022: $1,484,243Liabilities 2022: $664,675Net Assets 2022: $819,5682022Assets 2023: $2,423,535Liabilities 2023: $1,426,936Net Assets 2023: $996,5992023Assets 2024: $2,404,024Liabilities 2024: $1,153,561Net Assets 2024: $1,250,4632024

Highlighted filing

2021

Assets$1,913,446
Liabilities$1,106,093
Net Assets$807,353

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $3,681,7392012Expenses 2013: $3,622,6522013Revenue 2014: $3,099,095Expenses 2014: $3,489,471Net Income 2014: -$390,3762014Revenue 2015: $3,282,514Expenses 2015: $3,304,087Net Income 2015: -$21,5732015Revenue 2016: $3,662,364Expenses 2016: $3,610,606Net Income 2016: $51,7582016Revenue 2017: $3,722,952Expenses 2017: $3,821,650Net Income 2017: -$98,6982017Revenue 2018: $3,637,164Expenses 2018: $3,612,227Net Income 2018: $24,9372018Revenue 2019: $3,876,373Expenses 2019: $3,758,948Net Income 2019: $117,4252019Revenue 2020: $3,958,147Expenses 2020: $3,811,376Net Income 2020: $146,7712020Revenue 2021: $4,140,347Expenses 2021: $3,863,216Net Income 2021: $277,1312021Revenue 2022: $4,240,477Expenses 2022: $4,228,262Net Income 2022: $12,2152022Revenue 2023: $4,860,676Expenses 2023: $4,683,645Net Income 2023: $177,0312023Revenue 2024: $5,491,186Expenses 2024: $5,237,322Net Income 2024: $253,8642024

Highlighted filing

2021

Revenue$4,140,347
Expenses$3,863,216
Net Income$277,131
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 15, 2021
Return Version
2020v4.0
Gross Receipts
$4,140,347
Mission and Program Overview

Mission

To assist persons with disabilities to identify, develop and achieve their individual life goals by providing vocational and community services

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$611,231$1,274,704▲ $663,473
Accounts Receivable$242,253$396,776▲ $154,523
Land, Buildings, and Equipment, Net$110,778$102,586▼ $8,192
Prepaid Expenses and Deferred Charges$57,862$76,663▲ $18,801
Inventories for Sale or Use$29,799$62,717▲ $32,918
Total Assets$1,051,923$1,913,446▲ $861,523
Liabilities
Accounts Payable and Accrued Expenses$284,259$913,094▲ $628,835
Mortgage Notes Payable Secured by Investment Property$237,442$192,999▼ $44,443
Total Liabilities$521,701$1,106,093▲ $584,392
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$530,222$807,353▲ $277,131
Total Net Assets Fund Balance$530,222$807,353▲ $277,131
Total Liabilities and Net Assets / Fund Balance$1,051,923$1,913,446▲ $861,523

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$100,293$706,117$806,410
Equipment$2,293$593,104$595,397
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ron RileyPresident
Doug BirtMember
Janet WuebkerMember
Jean KinyonMember
John TwomblyMember
Margy GammellMember
Deb WalterSecretary
Bill MesseroleTreasurer
Dena ChapmanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$363,350
Program Service Revenue
$3,776,915
Investment Income
$82
Other Revenue
$0
All Other Contributions
$173,720
Change in Net Assets
$277,131

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,140,347
Total Revenue per Audited Statements
$4,140,347
Total Revenue per Form 990
$4,140,347
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,719,352
Other Expenses$1,143,864
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,820,826$400,152-$2,220,978
Other Employee Benefits$435,696$62,678-$498,374
Fees for Services Other$45,742$247,226-$292,968
Occupancy$175,334$21,371-$196,705
Travel$44,750$31,296-$76,046
Insurance$24,575$17,292-$41,867
Office Expenses$11,973$9,788-$21,761
All Other Expenses$17,414$3,625-$21,039
Other Expenses$1,592$12,178-$13,770
Depreciation Depletion$13,100--$13,100
Advertising$3,542$1,621-$5,163
Interest$3,330--$3,330
Conferences and Meetings$438$84-$522
Total Functional Expenses$3,025,361$837,855$0$3,863,216

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,863,216
Total Expenses per Audited Statements$3,863,216
Total Expenses per Form 990$3,863,216
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
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Management of innovative industries is delegated to heartland management alliance. Heartland management alliance reimburses innovative industries for administrative services it provided to other nonprofit entities and innovative industries reimbursed heartland management alliance for administrative services provided to innovative.

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

Tax return reviewed at meeting when audit is presented

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request

Filing and Contact Details

Filer

Filer Name
Innovative Industries Inc
EIN
23-7023634
Phone
6417828495
Address
PO BOX 216, CRESTON, IA 50801

Signing Officer

Name
Kendalyn Huff
Title
Executive
Phone
6417828495
Signed
2021-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kendalyn Huff
Voting Board Members
9
Independent Board Members
9
Employees
196

Preparer

Firm
Schroer & Associates Pc
Address
42 N 2ND ST, COUNCIL BLUFFS, IA 51503-9027
Preparer
Diane C Mcgrain
Phone
7123228734
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0363350
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0174810
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01080
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02502
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0543242
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt082
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0115
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt017913
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt073
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt048
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt018231
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt015042480
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96750
IRS990ScheduleA/PublicSupportPY170Pct00.90950
IRS990ScheduleA/PublicSupportTotal170Amt0543242
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0363350
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0174810
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01080
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02502
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01500
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0543242
IRS990ScheduleA/TotalSupportAmt0561473
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0100293
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0706117
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0806410
IRS990ScheduleD/EquipmentGrp/BookValueAmt02293
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0593104
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0595397
IRS990ScheduleD/ExpensesSubtotalAmt03863216
IRS990ScheduleD/RevenueSubtotalAmt04140347
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0102586
IRS990ScheduleD/TotalExpensesPerForm990Amt03863216
IRS990ScheduleD/TotalRevenuePerForm990Amt04140347
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04140347
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03863216
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT OF INNOVATIVE INDUSTRIES IS DELEGATED TO HEARTLAND MANAGEMENT ALLIANCE. HEARTLAND MANAGEMENT ALLIANCE REIMBURSES INNOVATIVE INDUSTRIES FOR ADMINISTRATIVE SERVICES IT PROVIDED TO OTHER NONPROFIT ENTITIES AND INNOVATIVE INDUSTRIES REIMBURSED HEARTLAND MANAGEMENT ALLIANCE FOR ADMINISTRATIVE SERVICES PROVIDED TO INNOVATIVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TAX RETURN REVIEWED AT MEETING WHEN AUDIT IS PRESENTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0INNOVATIVE
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0SUPPORT SERVICES OF SOUTH CENTRAL I
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0421510971
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt0105305
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0IA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0COM LIVING
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt01038728
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0B06 PUBLIC SQUARE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0GREENFIELD
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0IA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd050849
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0272626627
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0IA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0MANAGEMENT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0HEARTLAND MANAGMENT COMPANY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0215 N WALNUT ST
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0CRESTON
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0IA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd050801
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0true
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0TRANSACTIONS OF WILLIAM EADIE RESIDENTIAL SERVICES (42-1387965) ARE INCLUDED IN THIS RETURN. INCOME OF 1,028,003 AND EXPENSES OF 1,023,474 FOR THAT ORGANIZATION ARE INCLUDED.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE R
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0117616
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1362262
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0HEARTLAND MANAGEMENT COMPANY
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1HEARTLAND MANAGEMENT COMPANY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0P
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1A
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01051923
IRS990/TotalAssetsEOYAmt01913446
IRS990/TotalAssetsGrp/BOYAmt01051923
IRS990/TotalAssetsGrp/EOYAmt01913446
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0363350
IRS990/TotalEmployeeCnt0196
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0837855
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03025361
IRS990/TotalFunctionalExpensesGrp/TotalAmt03863216
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0521701
IRS990/TotalLiabilitiesEOYAmt01106093
IRS990/TotalLiabilitiesGrp/BOYAmt0521701
IRS990/TotalLiabilitiesGrp/EOYAmt01106093
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0530222
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0807353
IRS990/TotalProgramServiceExpensesAmt03025361
IRS990/TotalProgramServiceRevenueAmt03776915
IRS990/TotalRevenueGrp/ExclusionAmt082
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03776915
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04140347
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01051923
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01913446
IRS990/TravelGrp/ManagementAndGeneralAmt031296
IRS990/TravelGrp/ProgramServicesAmt044750
IRS990/TravelGrp/TotalAmt076046
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.40$1.15$1.25$5.49$5.24$0.25
2023Detailed filing. Detailed filing data is available for this year.$2.42$1.43$1.00$4.86$4.68$0.18
2022Detailed filing. Detailed filing data is available for this year.$1.48$0.66$0.82$4.24$4.23$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.91$1.11$0.81$4.14$3.86$0.28
2020Detailed filing. Detailed filing data is available for this year.$1.05$0.52$0.53$3.96$3.81$0.15
2019Detailed filing. Detailed filing data is available for this year.$0.79$0.41$0.38$3.88$3.76$0.12
2018Detailed filing. Detailed filing data is available for this year.$0.77$0.51$0.27$3.64$3.61$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.87$0.63$0.24$3.72$3.82$0.10
2016Detailed filing. Detailed filing data is available for this year.$1.27$0.93$0.34$3.66$3.61$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.21$0.92$0.29$3.28$3.30$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.48$1.11$0.37$3.10$3.49$0.39
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.58$0.82$0.76$3.62
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$0.56$0.77$3.68