Civic Intelligence

Blanchard Valley Industries Inc

990 • Fiscal year 2019 • EIN 34-1630388

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 14, 2020

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

37th percentile

0.03x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

29th percentile

0.02x

Higher debt load relative to revenue than 29% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

29th percentile

-3.9%

Higher net margin than 29% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

52nd percentile

$67,925

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

24th percentile

-3.5%

Faster asset growth than 24% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

82nd percentile

33%

Faster revenue growth than 82% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,242,088

Down $45,070 (-3.5%) from 2018

Net Assets

Down

$1,204,047

Down $20,662 (-1.7%) from 2018

Liabilities

Down

$38,041

Down $24,408 (-39%) from 2018

Revenue

Up

$1,794,907

Up $444,110 (+33%) from 2018

Expenses

Up

$1,865,708

Up $379,847 (+26%) from 2018

Net Income

Up

-$70,801

Up $64,263 (+48%) from 2018

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

2019

Assets$1,242,088
Liabilities$38,041
Net Assets$1,204,047

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

2019

Revenue$1,794,907
Expenses$1,865,708
Net Income-$70,801
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 14, 2020
Return Version
2019v5.0
Gross Receipts
$2,208,264
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
Investments in Publicly Traded Securities$467,229$476,666▲ $9,437
Land, Buildings, and Equipment, Net$502,107$465,249▼ $36,858
Accounts Receivable$122,160$210,815▲ $88,655
Cash and Non-Interest-Bearing Accounts$142,416$65,630▼ $76,786
Prepaid Expenses and Deferred Charges$44,441$14,910▼ $29,531
Savings and Temporary Cash Investments$8,805$8,818▲ $13
Total Assets$1,287,158$1,242,088▼ $45,070
Liabilities
Accounts Payable and Accrued Expenses$57,991$36,336▼ $21,655
Unsecured Notes Loans Payable$2,803--
Other Liabilities$1,655$1,705▲ $50
Total Liabilities$62,449$38,041▼ $24,408
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,224,512$1,184,741▼ $39,771
Net Assets With Donor Restrictions$197$19,306▲ $19,109
Total Net Assets Fund Balance$1,224,709$1,204,047▼ $20,662
Total Liabilities and Net Assets / Fund Balance$1,287,158$1,242,088▼ $45,070

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$437,040$292,664$729,704
Other Land Buildings$28,209$40,207$68,416
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael ChiarelliCEOFT$59,038$8,887$67,925
Dedra EstepBusiness ManFT$38,525$8,997$47,522

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
$24,767
Program Service Revenue
$1,685,788
Investment Income
$41,978
Other Revenue
$42,374
All Other Contributions
$24,767
Change in Net Assets
$-70,801
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,284,140
Other Expenses$581,568
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$862,832$131,214-$994,046
Occupancy$119,027$18,101-$137,128
Depreciation Depletion$14,264$93,800-$108,064
Other Employee Benefits$87,006$13,231-$100,237
Current Officers, Directors, Trustees, and Key Employees$84,685$12,878-$97,563
Payroll Taxes$80,111$12,183-$92,294
All Other Expenses$30,760$4,678-$35,438
Insurance$23,917$3,637-$27,554
Other Expenses$21,698$3,300-$24,998
Office Expenses$20,754$3,156-$23,910
Advertising$10,459$1,590-$12,049
Travel$7,322$1,114-$8,436
Fees for Services Accounting$6,170$938-$7,108
Fees for Service Investment Mgmnt Fees$328$50-$378
Total Functional Expenses$1,539,900$325,808$0$1,865,708
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$21,110
Fundraising Direct Expenses$19,886
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$1,705
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 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
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 accountant 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
2020-10-14
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
152

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/PYExcessBenefitTransInd0false
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IRS990/PYRevenuesLessExpensesAmt0-135064
IRS990/PYSalariesCompEmpBnftPaidAmt0960405
IRS990/PYTotalExpensesAmt01485861
IRS990/PYTotalRevenueAmt01350797
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-70801
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01685788
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08805
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08818
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt050,111
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt075743
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01949
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt052140
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt021442
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0176041
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IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus4YearsAmt01222280
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt02247167
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt013285
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt010078
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt011825
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt012124
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt010180
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt057492
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01748048
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01281174
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01431947
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01212052
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0615049
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06288270
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt013285
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt010078
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt011825
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt012124
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt010180
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt057492
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt09311
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt06843
IRS990ScheduleA/OtherIncome509Grp/TotalAmt050111
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IRS990ScheduleA/PublicSupportPY509Pct00.98620
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02289079
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01858771
IRS990ScheduleA/Total509Grp/TotalAmt08711478
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01479678
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02310514
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01875794
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt08819081
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0437040
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0292664
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0729704
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt028209
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt040207
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt068416
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01705
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0465249
IRS990ScheduleD/TotalLiabilityAmt01705
IRS990ScheduleG/AllStatesCd0All States
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OUR ACCOUNTANT 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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IRS990/SubjectToExcsTaxNetInvstIncInd0false
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt01242088
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IRS990/TotalAssetsGrp/EOYAmt01242088
IRS990/TotalCompGreaterThan150KInd0false
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IRS990/TotalEmployeeCnt0152
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01539900
IRS990/TotalFunctionalExpensesGrp/TotalAmt01865708
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt038041
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IRS990/TotalLiabilitiesGrp/EOYAmt038041
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01224709
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01204047
IRS990/TotalOtherCompensationAmt017884
IRS990/TotalProgramServiceExpensesAmt01539900
IRS990/TotalProgramServiceRevenueAmt01685788
IRS990/TotalReportableCompFromOrgAmt097563
IRS990/TotalRevenueGrp/ExclusionAmt041978
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01794907
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01287158
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01242088
IRS990/TravelGrp/ManagementAndGeneralAmt01114
IRS990/TravelGrp/ProgramServicesAmt07322

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