Civic Intelligence

Blanchard Valley Industries Inc

990 • Fiscal year 2020 • EIN 34-1630388

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

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

57th percentile

0.15x

Higher debt load relative to assets than 57% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

48th percentile

0.13x

Higher debt load relative to revenue than 48% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

61st percentile

11%

Higher net margin than 61% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

53rd percentile

$67,243

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

83rd percentile

40%

Faster asset growth than 83% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

69th percentile

13%

Faster revenue growth than 69% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,736,887

Up $494,799 (+40%) from 2019

Net Assets

Up

$1,480,985

Up $276,938 (+23%) from 2019

Liabilities

Up

$255,902

Up $217,861 (+573%) from 2019

Revenue

Up

$2,027,752

Up $232,845 (+13%) from 2019

Expenses

Down

$1,806,817

Down $58,891 (-3.2%) from 2019

Net Income

Up

$220,935

Up $291,736 (+412%) from 2019

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

2020

Assets$1,736,887
Liabilities$255,902
Net Assets$1,480,985

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

2020

Revenue$2,027,752
Expenses$1,806,817
Net Income$220,935
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.0
Gross Receipts
$2,218,113
Mission and Program Overview

Mission

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

The mission of the kan du group is to promote the independence, community integration and employability of adults with developmental disabilities, while providing an atmosphere to learn, communicate and connect.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$65,630$662,070▲ $596,440
Investments in Publicly Traded Securities$476,666$512,534▲ $35,868
Land, Buildings, and Equipment, Net$465,249$381,342▼ $83,907
Accounts Receivable$210,815$168,655▼ $42,160
Prepaid Expenses and Deferred Charges$14,910$12,286▼ $2,624
Savings and Temporary Cash Investments$8,818--
Total Assets$1,242,088$1,736,887▲ $494,799
Liabilities
Unsecured Notes Loans Payable-$219,000-
Accounts Payable and Accrued Expenses$36,336$35,072▼ $1,264
Other Liabilities$1,705$1,830▲ $125
Total Liabilities$38,041$255,902▲ $217,861
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,184,741$1,478,091▲ $293,350
Net Assets With Donor Restrictions$19,306$2,894▼ $16,412
Total Net Assets Fund Balance$1,204,047$1,480,985▲ $276,938
Total Liabilities and Net Assets / Fund Balance$1,242,088$1,736,887▲ $494,799

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$356,222$371,321$727,543
Other Land Buildings$25,120$49,594$74,714
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael ChiarelliCEOFT$58,833$8,410$67,243
Dedra EstepBusiness ManFT$41,712$16,022$57,734

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
$36,573
Program Service Revenue
$1,860,979
Investment Income
$30,334
Other Revenue
$99,866
All Other Contributions
$36,573
Change in Net Assets
$220,935
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,216,408
Other Expenses$590,409
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$746,488$159,444-$905,932
Occupancy$115,886$24,752-$140,638
Other Employee Benefits$100,718$21,513-$122,231
Depreciation Depletion$93,231$19,913-$113,144
Current Officers, Directors, Trustees, and Key Employees$82,849$17,696-$100,545
Payroll Taxes$72,265$15,435-$87,700
Insurance$35,320$7,544-$42,864
Other Expenses$33,947$7,251-$41,198
Office Expenses$24,107$5,149-$29,256
All Other Expenses$14,621$3,123-$17,744
Fees for Services Accounting$7,169$1,531-$8,700
Advertising$5,113$1,092-$6,205
Travel$2,808$600-$3,408
Fees for Service Investment Mgmnt Fees$681$146-$827
Total Functional Expenses$1,488,817$318,000$0$1,806,817
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$6,617
Fundraising Direct Expenses$5,733
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$1,830
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
2021-11-12
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
146
Volunteers
6

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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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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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