Civic Intelligence

The Cavaliers Ap&E Inc.

990 • Fiscal year 2014 • EIN 23-7449578

Jan 01, 2014 to Dec 31, 2014 • Filed on Jun 04, 2015

Post Office Box 501Rosemont, IL 60018

(847) 696-3164

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.39x

Higher debt load relative to assets than 73% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

46th percentile

0.09x

Higher debt load relative to revenue than 46% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

32nd percentile

-2.5%

Higher net margin than 32% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

$320,852

No earlier filing loaded for comparison.

Net Assets

$196,208

No earlier filing loaded for comparison.

Liabilities

$124,644

No earlier filing loaded for comparison.

Revenue

$1,376,607

No earlier filing loaded for comparison.

Expenses

$1,411,177

No earlier filing loaded for comparison.

Net Income

-$34,570

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.

$1.5M$1.0M$500K$0-$500KAssets 2014: $320,852Liabilities 2014: $124,644Net Assets 2014: $196,2082014Assets 2015: $373,520Liabilities 2015: $224,400Net Assets 2015: $149,1202015Assets 2017: $314,460Liabilities 2017: $669,506Net Assets 2017: -$355,0462017Assets 2018: $262,028Liabilities 2018: $649,458Net Assets 2018: -$387,4302018Assets 2019: $305,448Liabilities 2019: $629,881Net Assets 2019: -$324,4332019Assets 2021: $1,260,732Liabilities 2021: $502,987Net Assets 2021: $757,7452021Assets 2022: $1,242,162Liabilities 2022: $313,257Net Assets 2022: $928,9052022Assets 2023: $984,888Liabilities 2023: $131,711Net Assets 2023: $853,1772023Assets 2024: $833,333Liabilities 2024: $258,238Net Assets 2024: $575,0952024Assets 2025: $552,017Liabilities 2025: $240,260Net Assets 2025: $311,7572025

Highlighted filing

2014

Assets$320,852
Liabilities$124,644
Net Assets$196,208

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $1,376,607Expenses 2014: $1,411,177Net Income 2014: -$34,5702014Revenue 2015: $1,443,604Expenses 2015: $1,487,717Net Income 2015: -$44,1132015Revenue 2017: $1,576,093Expenses 2017: $1,921,111Net Income 2017: -$345,0182017Revenue 2018: $1,788,534Expenses 2018: $1,808,137Net Income 2018: -$19,6032018Revenue 2019: $1,736,335Expenses 2019: $1,690,216Net Income 2019: $46,1192019Revenue 2021: $1,797,473Expenses 2021: $980,781Net Income 2021: $816,6922021Revenue 2022: $2,456,203Expenses 2022: $2,229,781Net Income 2022: $226,4222022Revenue 2023: $2,491,021Expenses 2023: $2,567,676Net Income 2023: -$76,6552023Revenue 2024: $2,509,911Expenses 2024: $2,792,035Net Income 2024: -$282,1242024Revenue 2025: $3,002,406Expenses 2025: $3,260,318Net Income 2025: -$257,9122025

Highlighted filing

2014

Revenue$1,376,607
Expenses$1,411,177
Net Income-$34,570
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jun 4, 2015
Return Version
2014v5.0
Gross Receipts
$1,527,857
Mission and Program Overview

Mission

To provide members with musical training and life changing educational and social experiences through which they gain real-world life skills, musical training and performance experiences.

Promote patriotism, cooperation & fellowship while stimulating an interest in music among youth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$188,252$131,511▼ $56,741
Cash and Non-Interest-Bearing Accounts$57,257$30,169▼ $27,088
Prepaid Expenses and Deferred Charges$9,472$11,766▲ $2,294
Total Assets$367,492$320,852▼ $46,640
Other Assets Total$112,511$147,406▲ $34,895
Liabilities
Mortgage Notes Payable Secured by Investment Property$78,537$52,249▼ $26,288
Unsecured Notes Loans Payable$39,750$51,750▲ $12,000
Accounts Payable and Accrued Expenses$21,983$20,645▼ $1,338
Total Liabilities$140,270$124,644▼ $15,626
Net Assets / Fund Balance
Unrestricted Net Assets$227,222$196,208▼ $31,014
Total Net Assets Fund Balance$227,222$196,208▼ $31,014
Total Liabilities and Net Assets / Fund Balance$367,492$320,852▼ $46,640

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$131,511$285,525$417,036
Other Assets Org$147,406--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Donald WarrenChairman of the Board
Adolph DegrauwePresident
David FlynnVice President
Christopher HartowiczDirector
Christopher LugoDirector
Craig RasinDirector
Dale YoungDirector
Don HeitzmanDirector
Frank SpecialeDirector
Gayle HorstDirector
Harry RaimondiDirector
MATTHEW O'BRIENDirector
Mark AckersonDirector
Scott RhebergenDirector
Stanley BoduchDirector
John NoonanSecretary
Robert InchTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$345,821
Program Service Revenue
$797,050
Investment Income
$0
Other Revenue
$233,736
All Other Contributions
$213,821
Change in Net Assets
$-34,570

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,376,607
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3,556
Total Revenue per Audited Statements
$1,380,163
Total Revenue per Form 990
$1,376,607
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,338,114
Salaries, Compensation, and Employee Benefits$73,063
Total Fundraising Expense$65,476
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$478,050--$478,050
Fees for Services Other$256,920--$256,920
All Other Expenses$90,755$23,726$16,376$130,857
Office Expenses-$80,200-$80,200
Insurance-$68,928-$68,928
Other Salaries and Wages$58,840--$58,840
Depreciation Depletion-$56,741-$56,741
Other Expenses$41,766-$49,100$41,766
Payroll Taxes$14,223--$14,223
Information Technology-$7,947-$7,947
Interest-$3,559-$3,559
Total Functional Expenses$1,104,600$241,101$65,476$1,411,177

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,411,177
Total Expenses per Audited Statements$1,411,177
Total Expenses per Form 990$1,411,177
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$132,116
Gaming Direct Expenses$30,000
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
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The corps consists of youth members who perform in musical competitions throughout the continental united states.

Form 990, Part VI, Section B, Line 11

After form 990 is prepared by the independent auditor, it is delivered to the treasurer for review and eventual submission to the organization's governing body.

Form 990, Part VI, Section C, Line 19

The corps makes all required documents available to the public upon request at their corporate office.

Filing and Contact Details

Filer

Filer Name
The Cavaliers Drum and Bugle Corps Inc
EIN
23-7449578
Phone
8476963164
Address
POST OFFICE BOX 501, ROSEMONT, IL 60018

Signing Officer

Name
Adolph Degrauwe
Title
President
Phone
8476963164
Signed
2015-06-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adolph Degrauwe
Formed
1952
Legal Domicile
Il
Voting Board Members
17
Independent Board Members
17
Employees
29
Volunteers
100

Preparer

Firm
Selden Fox Ltd
Address
619 ENTERPRISE DRIVE, OAK BROOK, IL 60523-8835
Preparer
Scott Dykshorn
Phone
6309541400
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Instructors: program service expenses 256,920. Management and general expenses 0. Fundraising expenses 0. Total expenses 256,920.

FORM 990, PART XII, LINE 2C:

The corps board of directors is responsible for the oversight of the audit and the selection of the independent auditors. This process has not changed from prior years.

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IRS990/PartialLiquidationInd00
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IRS990/PoliticalCampaignActyInd00
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1182129
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07091845
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED

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