Civic Intelligence

Sunrise Inc.

990 • Fiscal year 2024 • EIN 31-0979407

Mar 01, 2023 to Feb 29, 2024 • Filed on Jul 11, 2024

2670 Minneman RdRichmond, IN 47374

(765) 966-3802

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

65th percentile

13%

Higher net margin than 65% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

65th percentile

$44,149

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 20.7% of source-year revenue.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

55th percentile

6.1%

Faster asset growth than 55% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

41st percentile

2.7%

Faster revenue growth than 41% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$501,647

Up $28,701 (+6.1%) from 2023

Net Assets

Up

$501,647

Up $28,701 (+6.1%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue

Up

$212,834

Up $5,542 (+2.7%) from 2023

Expenses

Up

$184,538

Up $7,836 (+4.4%) from 2023

Net Income

Down

$28,296

Down $2,294 (-7.5%) from 2023

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2021: $530,531Liabilities 2021: $125,719Net Assets 2021: $404,8122021Assets 2022: $443,822Liabilities 2022: $0Net Assets 2022: $443,8222022Assets 2023: $472,946Liabilities 2023: $0Net Assets 2023: $472,9462023Assets 2024: $501,647Liabilities 2024: $0Net Assets 2024: $501,6472024Assets 2025: $529,283Liabilities 2025: $2,115Net Assets 2025: $527,1682025

Highlighted filing

2024

Assets$501,647
Liabilities$0
Net Assets$501,647

Operations Trend

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

$300K$200K$100K$0Revenue 2021: $199,199Expenses 2021: $141,298Net Income 2021: $57,9012021Revenue 2022: $177,990Expenses 2022: $140,600Net Income 2022: $37,3902022Revenue 2023: $207,292Expenses 2023: $176,702Net Income 2023: $30,5902023Revenue 2024: $212,834Expenses 2024: $184,538Net Income 2024: $28,2962024Revenue 2025: $212,006Expenses 2025: $186,825Net Income 2025: $25,1812025

Highlighted filing

2024

Revenue$212,834
Expenses$184,538
Net Income$28,296
Jump To
Filing Snapshot
Filing Period
Mar 1, 2023 to Feb 29, 2024
Signed
Jul 11, 2024
Return Version
2023v5.1
Gross Receipts
$214,723
Mission and Program Overview

Mission

To promote the health and social development of mentally, physically, and emotionally challenged individuals through equine-assisted therapeutic activities

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds-$501,647-
Pd in Cap Srpls Land Bldg Eqp Fund$472,946--
Land, Buildings, and Equipment, Net$427,335$424,723▼ $2,612
Cash and Non-Interest-Bearing Accounts$45,611$76,924▲ $31,313
Total Assets$472,946$501,647▲ $28,701
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$472,946$501,647▲ $28,701
Total Liabilities and Net Assets / Fund Balance$472,946$501,647▲ $28,701

Asset Categories

AssetBook ValueDepreciationBasis
Land$325,600-$325,600
Buildings$77,938$2,462$80,400
Equipment$21,185$18,695$39,880
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dianna KirkseyExecutive DirectgorFT$44,149$44,149

Board Members and Trustees

NameTitle
Kerry GeorgePresident
Melissa WaltersVice-president
David EdelmanDirector
Diane MincarelliDirector
Leighanne HahnDirector
Nicole KoehlerDirector
Sarah StracenerDirector
Sue MillerSecretary
Janice EdelmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$197,253
Program Service Revenue
$10,642
Investment Income
$210
Other Revenue
$4,729
All Other Contributions
$193,726
Change in Net Assets
$28,296
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$121,459
Other Expenses$63,079
Total Fundraising Expense$23,797
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$59,270$5,000$4,160$68,430
Current Officers, Directors, Trustees, and Key Employees$8,880$17,759$17,759$44,398
Occupancy$17,772--$17,772
Payroll Taxes$5,214$1,740$1,677$8,631
Insurance$8,271--$8,271
Fees for Services Other-$2,500-$2,500
Travel$2,415--$2,415
Office Expenses$2,000-$201$2,201
Conferences and Meetings$1,294--$1,294
Payments to Affiliates$1,080--$1,080
Other Expenses$477--$477
Advertising$173--$173
Information Technology$150--$150
All Other Expenses$142--$142
Total Functional Expenses$133,742$26,999$23,797$184,538
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$5,084
Fundraising Direct Expenses$1,607
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
No
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

Line 2 janice edelman and david edelman

Form 990 governing body review Part VI line 11

Line 12c: employees have been required to complete a disclosure form annually, and the executive director evaluates these ad proceeds from there. Directors and the executive director have not completed these forms.

CEO executive director top management comp Part VI line 15A

Line 15a: consideration was given to compensation levels for executive directors of other non-profits in the area. An evaluation document was completed by the executive committee and given to the executive director during her evaluation interview.

Governing documents etc available to public Part VI line 19

Line 19: governing documents, conflict of interest and other policies and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Sunrise Inc
EIN
31-0979407
Address
2670 MINNEMAN RD, RICHMOND, IN 47374

Signing Officer

Name
Janice Edelman
Title
Treasurer
Phone
7659663802
Signed
2024-07-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janice Edelman
Formed
1980
Legal Domicile
In
Voting Board Members
10
Independent Board Members
10
Employees
7
Volunteers
97

Preparer

Firm
Accounting Plus
Address
PO BOX 11 211 SOUTH SALEM ST, Boston, IN 47324
Preparer
Christy L Katz
Phone
7659663677
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Part xi, line 9: because part xi requires that we report gross salary plus our share of social securityand medicare taxes as if we paid the taxes at the same time as net salary was paid,, whereas we pay all the taxes the following month (federal and indiana) or the following quarter (ohio),and because our payroll is differnet from month to month and from the begining of the fiscal year to the end of the year, the salary and tax figures reported do not equal the amounts actually paid out during the fiscal year. This year we reported $405 more expense than actually paid.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 2 JANICE EDELMAN AND DAVID EDELMAN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LINE 12C: EMPLOYEES HAVE BEEN REQUIRED TO COMPLETE A DISCLOSURE FORM ANNUALLY, AND THE EXECUTIVE DIRECTOR EVALUATES THESE AD PROCEEDS FROM THERE. DIRECTORS AND THE EXECUTIVE DIRECTOR HAVE NOT COMPLETED THESE FORMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LINE 15A: CONSIDERATION WAS GIVEN TO COMPENSATION LEVELS FOR EXECUTIVE DIRECTORS OF OTHER NON-PROFITS IN THE AREA. AN EVALUATION DOCUMENT WAS COMPLETED BY THE EXECUTIVE COMMITTEE AND GIVEN TO THE EXECUTIVE DIRECTOR DURING HER EVALUATION INTERVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LINE 19: GOVERNING DOCUMENTS, CONFLICT OF INTEREST AND OTHER POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PART XI, LINE 9: BECAUSE PART XI REQUIRES THAT WE REPORT GROSS SALARY PLUS OUR SHARE OF SOCIAL SECURITYAND MEDICARE TAXES AS IF WE PAID THE TAXES AT THE SAME TIME AS NET SALARY WAS PAID,, WHEREAS WE PAY ALL THE TAXES THE FOLLOWING MONTH (FEDERAL AND INDIANA) OR THE FOLLOWING QUARTER (OHIO),AND BECAUSE OUR PAYROLL IS DIFFERNET FROM MONTH TO MONTH AND FROM THE BEGINING OF THE FISCAL YEAR TO THE END OF THE YEAR, THE SALARY AND TAX FIGURES REPORTED DO NOT EQUAL THE AMOUNTS ACTUALLY PAID OUT DURING THE FISCAL YEAR. THIS YEAR WE REPORTED $405 MORE EXPENSE THAN ACTUALLY PAID.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Explanation of other changes in net assets or fund balances Part XI line 9
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