Civic Intelligence

Peoria Riverfront Museum Foundation

990 • Fiscal year 2014 • EIN 31-1599623

Jul 01, 2013 to Jun 30, 2014 • Filed on Oct 17, 2014

222 SW Washington Street61602

(309) 686-7000

Siviq Scores

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

Liabilities / Assets

11th percentile

0.00x

Higher debt load relative to assets than 11% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

9th percentile

0.00x

Higher debt load relative to revenue than 9% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

99th percentile

96%

Higher net margin than 99% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

98th percentile

137%

Faster asset growth than 98% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Assets

Up

$6,074,811

Up $3,680,990 (+154%) from 2012

Net Assets

Up

$6,058,563

Up $3,664,742 (+153%) from 2012

Liabilities

Up

$16,248

Up $16,248 from 2012

Revenue

$3,400,244

No earlier filing loaded for comparison.

Expenses

Up

$138,809

Up $24,442 (+21%) from 2012

Net Income

$3,261,435

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.

$20M$15M$10M$5.0M$0Assets 2010: $2,132,087Liabilities 2010: $0Net Assets 2010: $2,132,0872010Assets 2012: $2,393,821Liabilities 2012: $0Net Assets 2012: $2,393,8212012Assets 2014: $6,074,811Liabilities 2014: $16,248Net Assets 2014: $6,058,5632014Assets 2015: $8,720,357Liabilities 2015: $0Net Assets 2015: $8,720,3572015Assets 2016: $8,943,475Liabilities 2016: $0Net Assets 2016: $8,943,4752016Assets 2017: $9,634,191Liabilities 2017: $0Net Assets 2017: $9,634,1912017Assets 2018: $10,135,524Liabilities 2018: $395Net Assets 2018: $10,135,1292018Assets 2019: $10,383,428Liabilities 2019: $38,404Net Assets 2019: $10,345,0242019Assets 2020: $10,139,046Liabilities 2020: $0Net Assets 2020: $10,139,0462020Assets 2022: $10,902,389Liabilities 2022: $0Net Assets 2022: $10,902,3892022Assets 2025: $16,216,390Liabilities 2025: $0Net Assets 2025: $16,216,3902025

Highlighted filing

2014

Assets$6,074,811
Liabilities$16,248
Net Assets$6,058,563

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $106,9792010Expenses 2012: $114,3672012Revenue 2014: $3,400,244Expenses 2014: $138,809Net Income 2014: $3,261,4352014Revenue 2015: $3,006,021Expenses 2015: $168,929Net Income 2015: $2,837,0922015Revenue 2016: $835,630Expenses 2016: $392,837Net Income 2016: $442,7932016Revenue 2017: $321,716Expenses 2017: $497,562Net Income 2017: -$175,8462017Revenue 2018: $820,883Expenses 2018: $497,758Net Income 2018: $323,1252018Revenue 2019: $648,109Expenses 2019: $513,992Net Income 2019: $134,1172019Revenue 2020: $681,889Expenses 2020: $514,959Net Income 2020: $166,9302020Revenue 2022: $1,152,103Expenses 2022: $579,553Net Income 2022: $572,5502022Revenue 2025: $1,210,818Expenses 2025: $670,843Net Income 2025: $539,9752025

Highlighted filing

2014

Revenue$3,400,244
Expenses$138,809
Net Income$3,261,435
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Oct 17, 2014
Return Version
2013v3.0
Gross Receipts
$4,999,244
Mission and Program Overview

Mission

Management and administration of an investment portfolio of assets solely for the benefit of the Peoria Riverfront Museum. Contributions are made solely to Peoria Riverfront Msuem, an organization exempt pursuant to Section 503(c)3.

Management and administration of an investment portfolio of assets solely for the benefit of peoria riverfront musem. Contributions are made soley to peoria riverfront museum, an organization exempt pursuant to section 501(c)(3).

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$2,497,532$5,817,218▲ $3,319,686
Savings and Temporary Cash Investments$66,653$257,593▲ $190,940
Total Assets$2,564,185$6,074,811▲ $3,510,626
Liabilities
Other Liabilities$8,646$16,248▲ $7,602
Total Liabilities$8,646$16,248▲ $7,602
Net Assets / Fund Balance
Unrestricted Net Assets$2,555,539$3,058,563▲ $503,024
Temporarily Rstr Net Assets-$3,000,000-
Total Net Assets Fund Balance$2,555,539$6,058,563▲ $3,503,024
Total Liabilities and Net Assets / Fund Balance$2,564,185$6,074,811▲ $3,510,626

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,457,220--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$0$3,000,000--$3,000,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Robert Atterbury IiiChairperson
Craig JohnsonDirector
Derek SchryerDirector
Jim VergonDirector
Tom BardwellDirector
Cheryl KupplerTreasurer
Chappie ChapmanVP/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,002,000
Program Service Revenue
$0
Investment Income
$398,244
Other Revenue
$0
All Other Contributions
$2,000
Change in Net Assets
$3,261,435
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$138,809
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$120,000--$120,000
Fees for Services Management$18,809--$18,809
Total Functional Expenses$138,809$0$0$138,809
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Related Party Payable$16,248
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The board has no committee due to its small size.

Form 990, Part VI, Section B, Line 11

The form 990 is reviewed by the president and presented to the board for approval. Board approval may occur after filing due to timing of meetings.

Form 990, Part VI, Section C, Line 19

All governing documents and financial statements are available to the public upon written request to the office.

Filing and Contact Details

Filer

EIN
31-1599623
Phone
3096867000

Signing Officer

Name
Robert Atterbury Iii
Title
President
Phone
3096867000
Signed
2014-10-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Atterbury Iii
Formed
1998
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Preparer
Samuel a Cigelnik
Phone
3096714500
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

This process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The peoria riverfront museum foundation is exempt from federal income taxes on related income under section 501(c)(3) of the internal revenue code and, accordingly, no provisions for such taxes have been made. The foundation has reviewed tax positions taken for filing with the internal revenue service and the illinois department of revenue. The foundation believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the foundation's financial condition, results of operations, or cash flows. Accordingly, the foundation has not recorded any reserves for uncertain income tax positions at june 30, 2014 and 2013. The foundation is subject to routine audits by taxing jurisdictions, however, there are currently no audits for any tax periods in progress. The foundation believes they are no longer subject to income tax examinations for tax years ending prior to june 30, 2011.

Raw XML Appendix385 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PEORIA RIVERFRONT MUSEUM FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, NO PROVISIONS FOR SUCH TAXES HAVE BEEN MADE. THE FOUNDATION HAS REVIEWED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND THE ILLINOIS DEPARTMENT OF REVENUE. THE FOUNDATION BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE FOUNDATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS, OR CASH FLOWS. ACCORDINGLY, THE FOUNDATION HAS NOT RECORDED ANY RESERVES FOR UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2014 AND 2013. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS, HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE FOUNDATION BELIEVES THEY ARE NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR TAX YEARS ENDING PRIOR TO JUNE 30, 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD HAS NO COMMITTEE DUE TO ITS SMALL SIZE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE PRESIDENT AND PRESENTED TO THE BOARD FOR APPROVAL. BOARD APPROVAL MAY OCCUR AFTER FILING DUE TO TIMING OF MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO THE OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
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