Civic Intelligence

Whetstone Industries Inc

990 • Fiscal year 2022 • EIN 31-1062984

Jan 01, 2022 to Dec 31, 2022 • Filed on Feb 14, 2023

440 Douglas StreetMount Gilead, OH 43338

(419) 947-9222

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

48th percentile

3.3%

Higher net margin than 48% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

49th percentile

0.3%

Faster asset growth than 49% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

2nd percentile

-98%

Faster revenue growth than 2% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$90,995

Up $270 (+0.3%) from 2021

Net Assets

Up

$90,995

Up $270 (+0.3%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Down

$8,103

Down $492,082 (-98%) from 2021

Expenses

Down

$7,833

Down $502,283 (-98%) from 2021

Net Income

Up

$270

Up $10,201 (+103%) from 2021

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2010: $153,437Liabilities 2010: $12,124Net Assets 2010: $141,3132010Assets 2011: $147,597Liabilities 2011: $7,906Net Assets 2011: $139,6912011Assets 2012: $137,003Liabilities 2012: $2,963Net Assets 2012: $134,0402012Assets 2013: $136,343Liabilities 2013: $1,721Net Assets 2013: $134,6222013Assets 2014: $142,558Liabilities 2014: $1,780Net Assets 2014: $140,7782014Assets 2015: $132,740Liabilities 2015: $5,786Net Assets 2015: $126,9542015Assets 2016: $119,231Liabilities 2016: $2,554Net Assets 2016: $116,6772016Assets 2017: $116,583Liabilities 2017: $1,296Net Assets 2017: $115,2872017Assets 2018: $112,197Liabilities 2018: $690Net Assets 2018: $111,5072018Assets 2019: $110,867Liabilities 2019: $1,751Net Assets 2019: $109,1162019Assets 2020: $100,693Liabilities 2020: $37Net Assets 2020: $100,6562020Assets 2021: $90,725Liabilities 2021: $0Net Assets 2021: $90,7252021Assets 2022: $90,995Liabilities 2022: $0Net Assets 2022: $90,9952022Assets 2023: $66,174Net Assets 2023: $66,1742023Assets 2024: $0Net Assets 2024: $02024

Highlighted filing

2022

Assets$90,995
Liabilities$0
Net Assets$90,995

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $84,5272010Expenses 2011: $73,7082011Expenses 2012: $75,0482012Revenue 2013: $85,013Expenses 2013: $84,431Net Income 2013: $5822013Revenue 2014: $91,853Expenses 2014: $85,697Net Income 2014: $6,1562014Revenue 2015: $91,278Expenses 2015: $105,102Net Income 2015: -$13,8242015Revenue 2016: $99,706Expenses 2016: $109,983Net Income 2016: -$10,2772016Revenue 2017: $110,315Expenses 2017: $111,705Net Income 2017: -$1,3902017Revenue 2018: $713,885Expenses 2018: $717,665Net Income 2018: -$3,7802018Revenue 2019: $546,042Expenses 2019: $548,433Net Income 2019: -$2,3912019Revenue 2020: $482,278Expenses 2020: $490,738Net Income 2020: -$8,4602020Revenue 2021: $500,185Expenses 2021: $510,116Net Income 2021: -$9,9312021Revenue 2022: $8,103Expenses 2022: $7,833Net Income 2022: $2702022Revenue 2023: $3,029Expenses 2023: $27,850Net Income 2023: -$24,8212023Revenue 2024: -$51,973Expenses 2024: $14,201Net Income 2024: -$66,1742024

Highlighted filing

2022

Revenue$8,103
Expenses$7,833
Net Income$270
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 14, 2023
Return Version
2022v5.0
Gross Receipts
$8,103
Mission and Program Overview

Mission

Provide shelter workshop(MCBDD)

Provide shelter workshop (mcbdd)

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$16,183$77,776▲ $61,593
Prepaid Expenses and Deferred Charges$5,973$5,973→ $0
Inventories for Sale or Use$3,080$3,080→ $0
Accounts Receivable$2,137$2,137→ $0
Savings and Temporary Cash Investments$61,811$1,074▼ $60,737
Land, Buildings, and Equipment, Net$1,464$878▼ $586
Total Assets$90,725$90,995▲ $270
Other Assets Total$77$77→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$90,725$90,995▲ $270
Total Net Assets Fund Balance$90,725$90,995▲ $270
Total Liabilities and Net Assets / Fund Balance$90,725$90,995▲ $270

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$878$66,605$67,483
Compensation and Service Providers

Board Members and Trustees

NameTitle
Matt GriffithChair
Dr Brent WinandVice Chair
Casey PollockMember
Glen ZuckerMember
Paul HinkleMember
Tammy GabrelcikSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$25
Program Service Revenue
$8,078
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$270
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,208
Salaries, Compensation, and Employee Benefits$625
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$3,680-$3,680
Depreciation Depletion$586--$586
Payroll Taxes$491--$491
Occupancy-$435-$435
Other Salaries and Wages$134--$134
Office Expenses-$106-$106
Other Expenses$42$1,517-$42
Total Functional Expenses$2,095$5,738$0$7,833
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
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

UPON REQUEST

Form 990, Page 6, Part VI, Line 7A

ELECTED BY BOARD MEMBERS

Form 990, Page 6, Part VI, Line 7B

Board votes on resolutions

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

Form 990 provided in pdf format and printed for review.

Form 990, Page 6, Part VI, Line 12C

Board review specific conflicts

Form 990, Page 6, Part VI, Line 15A

NO COMPENSATION.

Form 990, Page 6, Part VI, Line 15B

NO COMPENSATION

Form 990, Page 6, Part VI, Line 19

Financial statements are public info.

Filing and Contact Details

Filer

Filer Name
Whetstone Industries Inc
EIN
31-1062984
Phone
4199479222
Address
440 DOUGLAS STREET, MOUNT GILEAD, OH 43338

Signing Officer

Name
Matt Griffith
Title
Chair
Phone
4199479222
Signed
2023-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Griffith
Formed
1975
Legal Domicile
Oh
Voting Board Members
6
Independent Board Members
6
Employees
9

Preparer

Firm
Wagler Badenhop Inc
Address
108 S SANDUSKY AVE, UPPER SANDUSKY, OH 43351-1424
Preparer
Eli a Wagler
Phone
4195501355
Raw XML Appendix329 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 PROVIDED IN PDF FORMAT AND PRINTED FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD REVIEW SPECIFIC CONFLICTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO COMPENSATION.
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt090995
IRS990/TotalProgramServiceExpensesAmt02095
IRS990/TotalProgramServiceRevenueAmt08078
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt08078
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08103
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt090725
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt090995
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.WHETSTONESERVES.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MATT GRIFFITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum04199479222
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-02-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WHETSTONE INDUSTRIES INC
ReturnHeader/Filer/BusinessNameControlTxt0WHET
ReturnHeader/Filer/EIN0311062984
ReturnHeader/Filer/PhoneNum04199479222
ReturnHeader/Filer/USAddress/AddressLine1Txt0440 DOUGLAS STREET
ReturnHeader/Filer/USAddress/CityNm0MOUNT GILEAD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd043338
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0821100906
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WAGLER BADENHOP INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0108 S SANDUSKY AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0UPPER SANDUSKY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0433511424
ReturnHeader/PreparerPersonGrp/PhoneNum04195501355
ReturnHeader/PreparerPersonGrp/PreparationDt02023-04-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELI A WAGLER
ReturnHeader/ReturnTs02023-04-11T19:33:07-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MATT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GRIFFITH
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.52$0.14$0.66
2023Detailed filing. Detailed filing data is available for this year.$0.66$0.66$0.03$0.28$0.25
2022Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$0.08$0.08$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$5.00$5.10$0.10
2020Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$4.82$4.91$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.11$0.02$1.09$5.46$5.48$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.12$0.01$1.12$7.14$7.18$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.17$0.01$1.15$1.10$1.12$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.19$0.03$1.17$1.00$1.10$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.33$0.06$1.27$0.91$1.05$0.14
2014Detailed filing. Detailed filing data is available for this year.$1.43$0.02$1.41$0.92$0.86$0.06
2013Detailed filing. Detailed filing data is available for this year.$1.36$0.02$1.35$0.85$0.84$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.37$0.03$1.34$0.75
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.08$1.40$0.74
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$0.12$1.41$0.85