Civic Intelligence

Downtown Elkhart Inc

990 • Fiscal year 2014 • EIN 31-1173964

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 16, 2015

131 Tyler StreetElkhart, IN 46516

(574) 295-8701

Siviq Scores

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

Liabilities / Assets

91st percentile

0.96x

Higher debt load relative to assets than 91% of similar nonprofits.

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

Liabilities / Revenue

93rd percentile

3.72x

Higher debt load relative to revenue than 93% of similar nonprofits.

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

Net Margin

68th percentile

10%

Higher net margin than 68% of similar nonprofits.

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

Top Officer Pay

62nd percentile

$83,365

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 13.0% of source-year revenue.

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

Asset Growth

99th percentile

1252%

Faster asset growth than 99% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

88th percentile

52%

Faster revenue growth than 88% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$2,482,244

Up $2,298,707 (+1252%) from 2013

Net Assets

Up

$88,287

Up $35,848 (+68%) from 2013

Liabilities

Up

$2,393,957

Up $2,262,859 (+1726%) from 2013

Revenue

Up

$643,713

Up $220,232 (+52%) from 2013

Expenses

Up

$576,280

Up $156,964 (+37%) from 2013

Net Income

Up

$67,433

Up $63,268 (+1519%) from 2013

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$0-$1.0MAssets 2012: $42,191Liabilities 2012: $5,607Net Assets 2012: $36,5842012Assets 2013: $183,537Liabilities 2013: $131,098Net Assets 2013: $52,4392013Assets 2014: $2,482,244Liabilities 2014: $2,393,957Net Assets 2014: $88,2872014Assets 2015: $2,672,579Liabilities 2015: $2,591,383Net Assets 2015: $81,1962015Assets 2016: $2,026,386Liabilities 2016: $2,181,002Net Assets 2016: -$154,6162016Assets 2017: $26,978Liabilities 2017: $2,111Net Assets 2017: $24,8672017Assets 2018: $12,700Liabilities 2018: $0Net Assets 2018: $12,7002018

Highlighted filing

2014

Assets$2,482,244
Liabilities$2,393,957
Net Assets$88,287

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2012: $364,3652012Revenue 2013: $423,481Expenses 2013: $419,316Net Income 2013: $4,1652013Revenue 2014: $643,713Expenses 2014: $576,280Net Income 2014: $67,4332014Revenue 2015: $692,734Expenses 2015: $699,825Net Income 2015: -$7,0912015Revenue 2016: -$9,412Expenses 2016: $226,400Net Income 2016: -$235,8122016Revenue 2017: -$24,436Expenses 2017: $31,481Net Income 2017: -$55,9172017Revenue 2018: -$9,402Expenses 2018: $2,765Net Income 2018: -$12,1672018

Highlighted filing

2014

Revenue$643,713
Expenses$576,280
Net Income$67,433
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$647,343
Mission and Program Overview

Mission

Downtown elkhart, inc. Is a local organization whose function is to inspire and facilitate the aesthetic, cultural, civic, social and economic vitality of the downtown core area, enhancing the quality of life of the entire community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$65,745$1,530,108▲ $1,464,363
Land, Buildings, and Equipment, Net$76,018$733,659▲ $657,641
Other Notes and Loans Receivable, Net-$165,000-
Accounts Receivable-$29,140-
Cash and Non-Interest-Bearing Accounts$41,774$15,870▼ $25,904
Intangible Assets-$5,132-
Prepaid Expenses and Deferred Charges-$3,335-
Total Assets$183,537$2,482,244▲ $2,298,707
Liabilities
Mortgage Notes Payable Secured by Investment Property$85,370$2,283,102▲ $2,197,732
Escrow Account Liability$41,144$41,696▲ $552
Accounts Payable and Accrued Expenses$242$40,427▲ $40,185
Deferred Revenue-$28,732-
Other Liabilities$4,342$0▼ $4,342
Total Liabilities$131,098$2,393,957▲ $2,262,859
Net Assets / Fund Balance
Unrestricted Net Assets$52,439$88,287▲ $35,848
Total Net Assets Fund Balance$52,439$88,287▲ $35,848
Total Liabilities and Net Assets / Fund Balance$183,537$2,482,244▲ $2,298,707

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,471$21,854$24,325
Buildings$731,188$9,119-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dan BoecherExecutive DirectorFT$83,365$83,365

Board Members and Trustees

NameTitle
Mike HuberPresident
Ben DeckerVice President
Barkley GarrettBoard Member
Bill SchweinzgerBoard Member
Brian HousandBoard Member
David SmithBoard Member
Faiz KhojaBoard Member
Glen KaufmannBoard Member
Kyle HannonBoard Member
Richard MooreBoard Member
Therese GeiseBoard Member
Tim ShellyBoard Member
Tom BorgerBoard Member
Wes SteffenBoard Member
Bill LaveryCorporate Counsel
John KatalinichTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$389,567
Program Service Revenue
$254,794
Investment Income
$267
Other Revenue
$-915
All Other Contributions
$309,067
Change in Net Assets
$67,433

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Residential1$75,000Cost of Donated Property
Total Noncash Contributions1$75,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$567,103
Salaries, Compensation, and Employee Benefits$9,177
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$182,471$6,315-$188,786
Occupancy$60,421$20,354-$80,775
Advertising$58,315--$58,315
Conferences and Meetings$31,211--$31,211
Travel$30,770--$30,770
Fees for Services Accounting-$24,146-$24,146
Fees for Services Management$19,431$250-$19,681
Office Expenses$9,539$8,612-$18,151
Interest$14,330$484-$14,814
All Other Expenses$7,529$6,444-$13,973
Depreciation Depletion$10,830$1,379-$12,209
Other Salaries and Wages-$9,177-$9,177
Other Expenses$8,549$3,664-$8,549
Insurance-$734-$734
Total Functional Expenses$494,721$81,559$0$576,280
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
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 B, Line 11

An officer of the board of directors distributes the form 990 to all directors for review prior to its filing. The organization's board of directors affirms approval of the 990.

Form 990, Part VI, Section C, Line 19

Downtown elkhart, inc. Makes the form 990, governing documents, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Downtown Elkhart Inc
EIN
31-1173964
Phone
5742958701
Address
131 TYLER STREET, ELKHART, IN 46516

Signing Officer

Name
John Katalinich
Title
Treasurer
Phone
5742958701
Signed
2015-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Katalinich
Formed
1986
Legal Domicile
In
Voting Board Members
16
Independent Board Members
16
Employees
2
Volunteers
270

Preparer

Firm
Kruggel Lawton & Company LLC
Address
317 W FRANKLIN ST, ELKHART, IN 46516
Preparer
Margene L Zink
Phone
5742642247
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

The organization collaborates with public and private partners to address deterioration of near downtown neighborhoods located in the designated revitalization district.

Form 990, Part IX, Line 11G

Musician fees: program service expenses 177,759. Management and general expenses 0. Fundraising expenses 0. Total expenses 177,759. Subcontractors: program service expenses 3,731. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,731. Consulting: program service expenses 0. Management and general expenses 6,315. Fundraising expenses 0. Total expenses 6,315. Production cost: program service expenses 981. Management and general expenses 0. Fundraising expenses 0. Total expenses 981.

FORM 990, PART XI, LINE 9:

Record prior period building improvements 8,650. Remove funds held for others -41,585. Adjust for funds held for others 1,350.

FORM 990, PART XII, LINE 1:

The method of accounting used to prepare this return was changed from cash to accrual in order to be consistent with the method of accounting used for the recording of the organization's books.

Financial Statement Notes

PART IV, LINE 2B:

Downtown elkhart inc. Is responsible for the accounting of funds for lerner marketing, bike night and soma. Funds for these programs are controlled by the city of elkhart. The executive director's salary for 2014 was paid with soma funds and therefore does not appear in part ix, statement of functional expenses.

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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0DOWNTOWN ELKHART, INC. IS A LOCAL ORGANIZATION WHOSE FUNCTION IS TO INSPIRE AND FACILITATE THE AESTHETIC, CULTURAL, CIVIC, SOCIAL AND ECONOMIC VITALITY OF THE DOWNTOWN CORE AREA, ENHANCING THE QUALITY OF LIFE OF THE ENTIRE COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt085370
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02283102
IRS990/NetAssetsOrFundBalancesBOYAmt052439
IRS990/NetAssetsOrFundBalancesEOYAmt088287
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-915
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-915
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt075000
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt020354
IRS990/OccupancyGrp/ProgramServicesAmt060421
IRS990/OccupancyGrp/TotalAmt080775
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08612
IRS990/OfficeExpensesGrp/ProgramServicesAmt09539
IRS990/OfficeExpensesGrp/TotalAmt018151
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-31585
IRS990/OtherExpensesGrp/Desc0TECHNICIANS
IRS990/OtherExpensesGrp/Desc1PRODUCTION COSTS
IRS990/OtherExpensesGrp/Desc2TAXES & LICENSES
IRS990/OtherExpensesGrp/Desc3LOGISTICS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03664
IRS990/OtherExpensesGrp/ProgramServicesAmt032805
IRS990/OtherExpensesGrp/ProgramServicesAmt123622
IRS990/OtherExpensesGrp/ProgramServicesAmt24898
IRS990/OtherExpensesGrp/ProgramServicesAmt38549
IRS990/OtherExpensesGrp/TotalAmt032805
IRS990/OtherExpensesGrp/TotalAmt123622
IRS990/OtherExpensesGrp/TotalAmt28562
IRS990/OtherExpensesGrp/TotalAmt38549
IRS990/OtherLiabilitiesGrp/BOYAmt04342
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt09177
IRS990/OtherSalariesAndWagesGrp/TotalAmt09177
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0165000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03335
IRS990/PrincipalOfficerNm0JOHN KATALINICH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711300
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0JAZZ FESTIVAL
IRS990/ProgramServiceRevenueGrp/Desc1PROPERTY REHABILITATIO
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0149856
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt162291
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0149856
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt162291
IRS990/ProgSrvcAccomActy2Grp/Desc0PROPERTY REHABILITATION - REHABILITATES REAL ESTATE PROPERTIES IN THE DOWNTOWN AREAS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt087665
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt062291
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE ORGANIZATION RUNS VARIOUS OTHER SMALLER EVENTS AND SERVICES FOR THE DOWNTOWN ELKHART AREA.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt037259
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt042647
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0262619
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01800
IRS990/PYInvestmentIncomeAmt03001
IRS990/PYOtherExpensesAmt0417516
IRS990/PYOtherRevenueAmt0-1393
IRS990/PYProgramServiceRevenueAmt0159254
IRS990/PYRevenuesLessExpensesAmt04165
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0419316
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0423481
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt067433
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0148941
IRS990/SavingsAndTempCashInvstGrp/BOYAmt065745
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01530108
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0389567
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0262619
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0236341
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0240431
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0180057
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01309015
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0267
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0376
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0330
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt04
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt034
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01011
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0746525
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0253879
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0160486
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0130226
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0135640
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt079833
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0760064
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.63230
IRS990ScheduleA/PublicSupportPY170Pct00.66630
IRS990ScheduleA/PublicSupportTotal170Amt01309015
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0389567
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0262619
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0236341
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0240431
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0180057
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01309015
IRS990ScheduleA/TotalSupportAmt02070090
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0731188
IRS990ScheduleD/BuildingsGrp/DepreciationAmt09119
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0740307
IRS990ScheduleD/EquipmentGrp/BookValueAmt02471
IRS990ScheduleD/EquipmentGrp/DepreciationAmt021854
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024325
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DOWNTOWN ELKHART INC. IS RESPONSIBLE FOR THE ACCOUNTING OF FUNDS FOR LERNER MARKETING, BIKE NIGHT AND SOMA. FUNDS FOR THESE PROGRAMS ARE CONTROLLED BY THE CITY OF ELKHART. THE EXECUTIVE DIRECTOR'S SALARY FOR 2014 WAS PAID WITH SOMA FUNDS AND THEREFORE DOES NOT APPEAR IN PART IX, STATEMENT OF FUNCTIONAL EXPENSES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0733659
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/RealEstateResidentialGrp/ContributionCnt01
IRS990ScheduleM/RealEstateResidentialGrp/MethodOfDeterminingRevenuesTxt0COST OF DONATED PROPERTY
IRS990ScheduleM/RealEstateResidentialGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateResidentialGrp/NoncashContributionsRptF990Amt075000

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