Civic Intelligence

Historical Construction Equipment Association

990 • Fiscal year 2023 • EIN 34-1577483

Apr 01, 2022 to Mar 31, 2023 • Filed on Oct 09, 2023

16623 Liberty HIBowling Green, OH 43402

(419) 352-5616

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

23rd percentile

0.00x

Higher debt load relative to revenue than 23% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

90th percentile

49%

Higher net margin than 90% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

46th percentile

$43,379

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

61st percentile

9.0%

Faster asset growth than 61% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

10th percentile

-38%

Faster revenue growth than 10% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$2,608,459

Up $215,526 (+9.0%) from 2022

Net Assets

Up

$2,605,614

Up $215,330 (+9.0%) from 2022

Liabilities

Up

$2,845

Up $196 (+7.4%) from 2022

Revenue

Down

$574,348

Down $347,141 (-38%) from 2022

Expenses

Up

$293,168

Up $46,126 (+19%) from 2022

Net Income

Down

$281,180

Down $393,267 (-58%) from 2022

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2016: $1,135,623Liabilities 2016: $335,837Net Assets 2016: $799,7862016Assets 2017: $1,187,636Liabilities 2017: $230,030Net Assets 2017: $957,6062017Assets 2018: $1,163,103Liabilities 2018: $3,290Net Assets 2018: $1,159,8132018Assets 2019: $1,461,202Liabilities 2019: $2,695Net Assets 2019: $1,458,5072019Assets 2020: $1,626,491Liabilities 2020: $6,147Net Assets 2020: $1,620,3442020Assets 2021: $1,783,322Liabilities 2021: $23,203Net Assets 2021: $1,760,1192021Assets 2022: $2,392,933Liabilities 2022: $2,649Net Assets 2022: $2,390,2842022Assets 2023: $2,608,459Liabilities 2023: $2,845Net Assets 2023: $2,605,6142023Assets 2024: $2,850,974Liabilities 2024: $2,740Net Assets 2024: $2,848,2342024Assets 2025: $3,552,424Liabilities 2025: $3,409Net Assets 2025: $3,549,0152025

Highlighted filing

2023

Assets$2,608,459
Liabilities$2,845
Net Assets$2,605,614

Operations Trend

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

$1.0M$500K$0Revenue 2016: $484,831Expenses 2016: $298,216Net Income 2016: $186,6152016Revenue 2017: $421,070Expenses 2017: $265,836Net Income 2017: $155,2342017Revenue 2018: $440,699Expenses 2018: $237,947Net Income 2018: $202,7522018Revenue 2019: $518,041Expenses 2019: $230,604Net Income 2019: $287,4372019Revenue 2020: $485,519Expenses 2020: $274,713Net Income 2020: $210,8062020Revenue 2021: $298,251Expenses 2021: $228,495Net Income 2021: $69,7562021Revenue 2022: $921,489Expenses 2022: $247,042Net Income 2022: $674,4472022Revenue 2023: $574,348Expenses 2023: $293,168Net Income 2023: $281,1802023Revenue 2024: $451,043Expenses 2024: $265,266Net Income 2024: $185,7772024Revenue 2025: $920,962Expenses 2025: $245,759Net Income 2025: $675,2032025

Highlighted filing

2023

Revenue$574,348
Expenses$293,168
Net Income$281,180
Jump To
Filing Snapshot
Filing Period
Apr 1, 2022 to Mar 31, 2023
Signed
Oct 9, 2023
Return Version
2022v5.0
Gross Receipts
$623,563
Mission and Program Overview

Mission

To preserve the history of the construction, surface mining, dredging equipment industries and to share the history with the public by producing a periodic publication, sponsoring/promoting conventions/shows and maintaining a public archive library related to the industry, and a museum of historically significant items

To preserve the history of the construction, surface mining, dredging equipment industries and to share the history with the public by producing a periodic publication sponsoring/promoting conventions/shows and maintaining a public archive & library related to the industry

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,390,284$2,605,614▲ $215,330
Savings and Temporary Cash Investments$762,122$1,039,504▲ $277,382
Investments in Publicly Traded Securities$803,431$761,458▼ $41,973
Land, Buildings, and Equipment, Net$754,727$742,220▼ $12,507
Inventories for Sale or Use$33,302$35,801▲ $2,499
Cash and Non-Interest-Bearing Accounts$39,351$29,476▼ $9,875
Total Assets$2,392,933$2,608,459▲ $215,526
Liabilities
Accounts Payable and Accrued Expenses$2,649$2,845▲ $196
Total Liabilities$2,649$2,845▲ $196
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,390,284$2,605,614▲ $215,330
Total Liabilities and Net Assets / Fund Balance$2,392,933$2,608,459▲ $215,526

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$192,050$230,797-
Land$535,467--
Equipment$14,703$49,380-
Compensation and Service Providers

Employees

NameTitleBaseTotal
Jacqueline HendryOffice Manager$43,379$43,379
Thomas BerryArchivist$27,710$27,710
Brandi DanielsOffice Manager$1,119$1,119

Board Members and Trustees

NameTitle
Bill AnnechiniChairmantreas
Don FitzgeraldPresident
Benjamin CoreyDirector
Dave GeisDirector
Dean WackDirector
Donald FrantzDirector
James SchausDirector
James WiesnerDirector
Keith HaddockDirector
Landis ZimmermanDirector
Larry KotkowskiDirector
Lw ParkerDirector
Mike AndrovichDirector
P Sam RobeyDirector
Roger AmatoDirector
Ron MillerDirector
Doris HansenSecretary
Joe KotkowskiVP
Revenue and Support

Revenue Composition

Contributions and Grants
$469,373
Program Service Revenue
$41,753
Investment Income
$25,969
Other Revenue
$37,253
All Other Contributions
$320,335
Change in Net Assets
$281,180

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$208,632
Salaries, Compensation, and Employee Benefits$82,536
Grants and Similar Amounts Paid$2,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$27,710$44,498-$72,208
Occupancy$61,075$9,387-$70,462
Depreciation Depletion$12,508--$12,508
Insurance$9,466$854-$10,320
Fees for Services Accounting$7,457--$7,457
Other Expenses$849$7,440-$7,440
Information Technology$5,567$1,392-$6,959
Office Expenses$1,255$4,845-$6,100
Payroll Taxes$2,188$3,514-$5,702
Conferences and Meetings-$5,476-$5,476
Other Employee Benefits-$4,626-$4,626
Grants to Domestic Individuals$2,000--$2,000
Advertising$1,207--$1,207
Travel-$356-$356
Total Functional Expenses$199,706$93,462$0$293,168
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
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
No
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

Members or stockholder classes and rights Part VI line 6

Form 990, part vi, section a, line 6- business memberships are $500 per year and individual memberships are available for students ($17.50), regular ($35.00), non-us ($45.00) and life ($1,000). Membershps are open to the public.

Member election for additional members Part VI line 7A

Form 990, part vi, section a, line 7a- members annually vote on the election of the board of directors. The board of directors are nominated by a member committee.

Governing body meeting documentation Part VI line 8A

Form 990, part vi,section a, line 8a- meetings of the board of directors are contemporaneously documented by written minutes which are distributed to the board monthly and are formally approved at the following meeting. The board of directors meet three times per year.

Committee meeting documentation Part VI line 8B

Form 990, part vi, section a, line 8b- each committee keeps written mintues of its meeting and submits monthly to the board. Any actions are recorded in the monthly board minutes as described in 8a.

Local chapters branches affiliates Part VI line 10A

Form 990 part vi, section b, line 10a- local chapter are affiliated with hcea, but hcea does not have any legal or financial responsibilities for these organizations.

Form 990 governing body review Part VI line 11

Form 990, part vi, section b, line 11a- a copy of the form 990 is provided to the board of directors and management.

Conflict of interest policy compliance Part VI line 12C

Form 990, part vi, section b, line 12c- board members review and sign a conflict of interest statement. The statements are explained at board meetings and any items discussed by the board.

Other officer or key employee compensation Part VI line 15B

Form 990, part vi,section b, line 15a- the board of directors reviews, annually approves and reviews all employee compensation.

Governing documents etc available to public Part VI line 19

Form 990, vi, section b line 10b- hcea provides interested chapters with a written set of guidelines for operating a local chapter, but does not oversee any aspect of hte local chapter operations. Form 990, part vi, section a line 1b- three of the organizations employees are members and are not independent. Form 990, part vi, section c, line 19- the form 990, 1023, board minutes and any governing documents are available by request at the hcea office.

Filing and Contact Details

Filer

Filer Name
Historical Construction
EIN
34-1577483
Address
16623 LIBERTY HI, BOWLING GREEN, OH 43402
Doing Business As
Equipment Association

Signing Officer

Name
Brandi Daniels
Title
Bookkeeper
Phone
4193525616
Signed
2023-10-09
Discuss with paid preparer
Yes

Organization Details

Formed
1987
Legal Domicile
Oh
Voting Board Members
3,748
Independent Board Members
3,745
Employees
3
Volunteers
14

Preparer

Firm
Kress & Company LLC
Address
980 W Poe Road Ste 2, Bowling Green, OH 43402
Preparer
Amanda J Kress CPA
Phone
4194195039
Supplemental Narrative

Additional Explanations

Part III response or note to any other line in Part III

Form 990, part iii line 4d:- (grants- $2000)education awards are available annually to hcea members and their immediate family members to attend an accredited college or univeristy engineering program ( revenue-$0 )

Financial Statement Notes

Not reporting collections (Part III, line 1A)

Under sfas 116, the hcea has elected to not report in the revenue statement and balance sheet historical items held for public exhibition, education and preservations for future generations. All museum items are donated at zero value. The board determines if each piece of equipment is historically significant before accepting the donation. Most items are received unrestored and the cost of any materials used by the volunteers during the resoration process are reported as repairs expense. Equipment items are held for display at the museum and are not available for sale. Hcea also maintains a public archive and library of all types of material relaing to the concstruction, surface mining and dredging equipment industries. These items are donated at a zero value.

Collections descriptions (Part III, line 4)

Collection as described above preserves historically significant construction equipment for public view by future generations. Archives provide a service to manufacturers, users, historians and collectors of equipment and to the general public by preserving, indexing and cataloging a comprehensive collection of archival materials for all three industries. The museum and archives exist for the sake of public education.

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IRS990/ProgSrvcAccomActy2Grp/Desc0PUBLISH QUARTERLY MAGAZINE ( EQUIPMENT ECHOS) FOR EACH MEMEBER. PERIODICAL HAS ARTICLES ON HISTORY AND DEVELOPMENT OF CONSTRUCTION EQUIPMENT, HISTORICAL INVENTORY, ENGINEER & BUILDER BIOGRAPHIES, CONSTRUCTION COMPANIES, AND MACHINERY. INCLDUES EDUCATIONAL ARTICLES, PHOTOS, TECHNICAL AND HISTORICAL INFORMATION,AND NEWS OF THE CONSTRUCTIONAND MINING EQUIPMENT INDUTRIES. APPROXIMATELY 3,800 ISSUES PUBLISHED QUARTERLY.
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IRS990/ProgSrvcAccomActy3Grp/Desc0ARCHIVE AND RESEARCH; MAINTAIN LIBRARY OF HISTORIC BOOKS, SALES LITERATURE, BUILDER BIOGRPAHIES, REPORTS, FILMS AND ALL TYPES OF DOCUMENTS AND MATERIALS RELATING TO THE CONSTRUCTION, SURFACE MINING, AND DREDGING INDUSTRIES. MAINTAIN MUSEUM OF HISTORICALLY SIGNIFICANT VINTAGE CONSTRUCTION EQUIPMENT AND AN EQUIPMENT RESTORATION SHOP. ARCHIVIST HAS ABOUT 300 REQUESTS PER EYAR. MUSEUM HAS OVER 100 VISITORS ANNUALLY. AN ANNUAL MEMBERSHIP CONVENTION WHERE MEMBERS EXHIBIT AND DEMONSTRATE VINTAGE CONSTRUCTION EQUIPMENT. SHOWS ARE HELD AT DIFFERENT LOCATIONS EACH YEAR TO INCREASE MEMBER PARTICIPATION AND PUBLIC EXPOSURE. THIS YEAR, APPROXIMATELY 7,000 PEOPLE FROM THE PUBLIC AND MEMEBRSHIP ATTENDED. OTHER PROGRAM EXPENDITURES INCURRED IN ORDER TO OPERATE THE MUSEUM, PRESERVE THE HISTORY OF THE CONSTRUCTION, SURFACE MINING, DREDGING EQUIPMENT INDUSTRIES AND TO SHARE THE HISTORY WITH THE PUBLIC.
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