Civic Intelligence

Blanchard Valley Industries Inc

990 • Fiscal year 2018 • EIN 34-1630388

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 13, 2019

318 W Main Cross StFindlay, OH 45840

(419) 422-6386

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.05x

Higher debt load relative to assets than 42% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

37th percentile

0.05x

Higher debt load relative to revenue than 37% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

21st percentile

-10.0%

Higher net margin than 21% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

53rd percentile

$70,361

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

43rd percentile

-0.7%

Faster asset growth than 43% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2018

Revenue Growth

46th percentile

2.3%

Faster revenue growth than 46% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2018

Assets

Down

$1,287,158

Down $17,976 (-1.4%) from 2016

Net Assets

Down

$1,224,709

Down $38,988 (-3.1%) from 2016

Liabilities

Up

$62,449

Up $21,012 (+51%) from 2016

Revenue

Up

$1,350,797

Up $60,465 (+4.7%) from 2016

Expenses

Up

$1,485,861

Up $753,594 (+103%) from 2016

Net Income

Down

-$135,064

Down $693,129 (-124%) from 2016

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$0Assets 2012: $693,466Liabilities 2012: $106,133Net Assets 2012: $587,3332012Assets 2013: $735,776Liabilities 2013: $90,659Net Assets 2013: $645,1172013Assets 2014: $740,754Liabilities 2014: $58,990Net Assets 2014: $681,7642014Assets 2015: $750,197Liabilities 2015: $57,723Net Assets 2015: $692,4742015Assets 2016: $1,305,134Liabilities 2016: $41,437Net Assets 2016: $1,263,6972016Assets 2018: $1,287,158Liabilities 2018: $62,449Net Assets 2018: $1,224,7092018Assets 2019: $1,242,088Liabilities 2019: $38,041Net Assets 2019: $1,204,0472019Assets 2020: $1,736,887Liabilities 2020: $255,902Net Assets 2020: $1,480,9852020Assets 2021: $2,218,481Liabilities 2021: $47,116Net Assets 2021: $2,171,3652021Assets 2022: $2,222,246Liabilities 2022: $165,904Net Assets 2022: $2,056,3422022Assets 2023: $2,417,965Liabilities 2023: $318,513Net Assets 2023: $2,099,4522023Assets 2024: $2,795,123Liabilities 2024: $243,034Net Assets 2024: $2,552,0892024

Highlighted filing

2018

Assets$1,287,158
Liabilities$62,449
Net Assets$1,224,709

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $712,8812012Revenue 2013: $842,677Expenses 2013: $772,237Net Income 2013: $70,4402013Revenue 2014: $882,351Expenses 2014: $809,780Net Income 2014: $72,5712014Revenue 2015: $653,515Expenses 2015: $633,761Net Income 2015: $19,7542015Revenue 2016: $1,290,332Expenses 2016: $732,267Net Income 2016: $558,0652016Revenue 2018: $1,350,797Expenses 2018: $1,485,861Net Income 2018: -$135,0642018Revenue 2019: $1,794,907Expenses 2019: $1,865,708Net Income 2019: -$70,8012019Revenue 2020: $2,027,752Expenses 2020: $1,806,817Net Income 2020: $220,9352020Revenue 2021: $2,527,595Expenses 2021: $1,848,492Net Income 2021: $679,1032021Revenue 2022: $2,173,415Expenses 2022: $2,120,573Net Income 2022: $52,8422022Revenue 2023: $2,253,318Expenses 2023: $2,276,045Net Income 2023: -$22,7272023Revenue 2024: $2,735,698Expenses 2024: $2,375,137Net Income 2024: $360,5612024

Highlighted filing

2018

Revenue$1,350,797
Expenses$1,485,861
Net Income-$135,064
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 13, 2019
Return Version
2018v3.1
Gross Receipts
$1,441,991
Mission and Program Overview

Mission

Day and vocational habilitation for developmentally disabled to gain independence, community integration and work experience.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$327,199$502,107▲ $174,908
Investments in Publicly Traded Securities$533,543$467,229▼ $66,314
Cash and Non-Interest-Bearing Accounts$447,066$142,416▼ $304,650
Accounts Receivable$108,474$122,160▲ $13,686
Prepaid Expenses and Deferred Charges$37,892$44,441▲ $6,549
Savings and Temporary Cash Investments-$8,805-
Total Assets$1,454,174$1,287,158▼ $167,016
Liabilities
Accounts Payable and Accrued Expenses$54,644$57,991▲ $3,347
Unsecured Notes Loans Payable-$2,803-
Other Liabilities$1,880$1,655▼ $225
Total Liabilities$56,524$62,449▲ $5,925
Net Assets / Fund Balance
Unrestricted Net Assets$1,394,996$1,224,512▼ $170,484
Temporarily Rstr Net Assets$2,654$197▼ $2,457
Total Net Assets Fund Balance$1,397,650$1,224,709▼ $172,941
Total Liabilities and Net Assets / Fund Balance$1,454,174$1,287,158▼ $167,016

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$477,018$183,435$660,453
Other Land Buildings$25,089$41,763$66,852
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael ChiarelliCEOFT$61,062$9,299$70,361
Dedra EstepBusiness ManFT$38,717$9,356$48,073

Board Members and Trustees

NameTitle
Michelle RachelPresident
Brendon MccaskeyBoard Member
Kathy Siebenaler-wilsonBoard Member
Michael MomanySecretary
Bob ThompsonTreasurer
Rebecca WilliamsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$75,743
Program Service Revenue
$1,265,373
Investment Income
$-6,120
Other Revenue
$15,801
All Other Contributions
$75,743
Change in Net Assets
$-135,064
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$960,405
Other Expenses$525,456
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$621,037$53,638-$674,675
Occupancy$126,005$16,599-$142,604
Other Employee Benefits$99,200$8,568-$107,768
Current Officers, Directors, Trustees, and Key Employees$91,846$7,933-$99,779
Depreciation Depletion$81,167$10,692-$91,859
Payroll Taxes$69,845$8,338-$78,183
All Other Expenses$22,934$3,062-$25,996
Insurance$21,143$2,786-$23,929
Other Expenses$14,246$1,877-$16,123
Office Expenses$14,083$1,855-$15,938
Fees for Services Accounting$12,684$1,671-$14,355
Advertising$7,493$987-$8,480
Fees for Services Other$5,952$784-$6,736
Travel$4,732$623-$5,355
Fees for Service Investment Mgmnt Fees$3,222$424-$3,646
Fees for Services Legal$429$56-$485
Total Functional Expenses$1,346,186$139,675$0$1,485,861
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
Security Deposit$1,655
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Backup withholding compliance
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

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

Our auditor prepares form 990 and e-mails it to the fiscal officer who reviews the form in depth. The fiscal officer e-mails it to the board members who review it and submit changes if they are desired.

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

The conflict of interests disclosure is distributed and signed at the january board meeting or later if a new member joins the board.

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

Since privatizing on january 1, 2017, the compensation of the ceo is determined by the kan du group board of directors.

Form 990, Page 6, Part VI, Line 19

Kan du group provides copies of its form 990, financial statements or conflict of interest policies to anyone who requests them.

Filing and Contact Details

Filer

Filer Name
Kan Du Group Inc
EIN
34-1630388
Phone
4194226386
Address
318 W MAIN CROSS ST, FINDLAY, OH 45840

Signing Officer

Name
Michael Chiarelli
Title
CEO
Phone
4194252638
Signed
2019-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Chiarelli
Formed
1988
Legal Domicile
Oh
Voting Board Members
6
Independent Board Members
6
Employees
137

Preparer

Firm
Ridge & Company CPA Inc
Address
314 W HARDIN ST, FINDLAY, OH 45840
Preparer
Robin L Ridge CPA
Phone
4194241835
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IRS990/PrincipalOfficerNm0MICHAEL CHIARELLI
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IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-135064
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01265373
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08805
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt050,111
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01949
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt052140
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt021442
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt029492
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0180766
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IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus3YearsAmt01222280
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus4YearsAmt01220968
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt03468135
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt010078
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt011825
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt012124
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt010180
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt020009
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01281174
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01212052
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0615049
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt010078
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IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.98000
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IRS990ScheduleA/OtherIncome509Grp/TotalAmt050111
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0183435
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt041763
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01655
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT
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IRS990ScheduleD/TotalLiabilityAmt01655
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OUR AUDITOR PREPARES FORM 990 AND E-MAILS IT TO THE FISCAL OFFICER WHO REVIEWS THE FORM IN DEPTH. THE FISCAL OFFICER E-MAILS IT TO THE BOARD MEMBERS WHO REVIEW IT AND SUBMIT CHANGES IF THEY ARE DESIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTERESTS DISCLOSURE IS DISTRIBUTED AND SIGNED AT THE JANUARY BOARD MEETING OR LATER IF A NEW MEMBER JOINS THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SINCE PRIVATIZING ON JANUARY 1, 2017, THE COMPENSATION OF THE CEO IS DETERMINED BY THE KAN DU GROUP BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3KAN DU GROUP PROVIDES COPIES OF ITS FORM 990, FINANCIAL STATEMENTS OR CONFLICT OF INTEREST POLICIES TO ANYONE WHO REQUESTS THEM.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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