Civic Intelligence

Turnstone Center for Children and Adults with Disabilities Inc.

990 • Fiscal year 2016 • EIN 35-0913541

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 21, 2016

3320 North Clinton StreetFort Wayne, IN 46805

(260) 483-2100

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.41x

Higher debt load relative to assets than 63% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

88th percentile

2.43x

Higher debt load relative to revenue than 88% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

19th percentile

-7.6%

Higher net margin than 19% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

12th percentile

$105,575

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

60th percentile

4.6%

Faster asset growth than 60% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

22nd percentile

-9.3%

Faster revenue growth than 22% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Assets

Up

$33,781,905

Up $1,499,437 (+4.6%) from 2015

Net Assets

Down

$20,091,569

Down $585,713 (-2.8%) from 2015

Liabilities

Up

$13,690,336

Up $2,085,150 (+18%) from 2015

Revenue

Down

$5,642,927

Down $579,407 (-9.3%) from 2015

Expenses

Up

$6,069,705

Up $1,912,943 (+46%) from 2015

Net Income

Down

-$426,778

Down $2,492,350 (-121%) from 2015

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2013: $11,547,716Liabilities 2013: $571,977Net Assets 2013: $10,975,7392013Assets 2014: $19,381,944Liabilities 2014: $672,443Net Assets 2014: $18,709,5012014Assets 2015: $32,282,468Liabilities 2015: $11,605,186Net Assets 2015: $20,677,2822015Assets 2016: $33,781,905Liabilities 2016: $13,690,336Net Assets 2016: $20,091,5692016Assets 2017: $31,649,327Liabilities 2017: $12,559,610Net Assets 2017: $19,089,7172017Assets 2018: $29,934,189Liabilities 2018: $11,455,126Net Assets 2018: $18,479,0632018Assets 2019: $30,259,314Liabilities 2019: $11,651,250Net Assets 2019: $18,608,0642019Assets 2020: $28,178,233Liabilities 2020: $11,519,318Net Assets 2020: $16,658,9152020Assets 2021: $28,439,711Liabilities 2021: $11,647,542Net Assets 2021: $16,792,1692021Assets 2022: $21,016,587Liabilities 2022: $728,154Net Assets 2022: $20,288,4332022Assets 2023: $23,531,104Liabilities 2023: $486,592Net Assets 2023: $23,044,5122023Assets 2024: $27,385,798Liabilities 2024: $817,244Net Assets 2024: $26,568,5542024

Highlighted filing

2016

Assets$33,781,905
Liabilities$13,690,336
Net Assets$20,091,569

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2013: $3,737,1352013Revenue 2014: $11,530,262Expenses 2014: $4,048,917Net Income 2014: $7,481,3452014Revenue 2015: $6,222,334Expenses 2015: $4,156,762Net Income 2015: $2,065,5722015Revenue 2016: $5,642,927Expenses 2016: $6,069,705Net Income 2016: -$426,7782016Revenue 2017: $4,802,911Expenses 2017: $6,027,867Net Income 2017: -$1,224,9562017Revenue 2018: $5,219,659Expenses 2018: $5,905,056Net Income 2018: -$685,3972018Revenue 2019: $6,508,561Expenses 2019: $6,360,471Net Income 2019: $148,0902019Revenue 2020: $5,400,561Expenses 2020: $7,275,509Net Income 2020: -$1,874,9482020Revenue 2021: $5,395,117Expenses 2021: $5,983,416Net Income 2021: -$588,2992021Revenue 2022: $11,410,930Expenses 2022: $6,776,100Net Income 2022: $4,634,8302022Revenue 2023: $9,331,295Expenses 2023: $7,090,494Net Income 2023: $2,240,8012023Revenue 2024: $11,037,566Expenses 2024: $7,900,106Net Income 2024: $3,137,4602024

Highlighted filing

2016

Revenue$5,642,927
Expenses$6,069,705
Net Income-$426,778
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 21, 2016
Return Version
2015v3.0
Gross Receipts
$22,128,410
Mission and Program Overview

Mission

Turnstone provides therapeutic, educational, wellness, sport and recreation programs to empower people with disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,958,752$17,764,772▲ $2,806,020
Accounts Receivable$6,892,198$7,117,172▲ $224,974
Pledges and Grants Receivable$5,017,763$3,463,021▼ $1,554,742
Investments in Publicly Traded Securities$2,180,837$1,700,041▼ $480,796
Investments Other Securities$1,290,154$1,345,597▲ $55,443
Savings and Temporary Cash Investments$834,666$1,092,177▲ $257,511
Prepaid Expenses and Deferred Charges$249,967$478,359▲ $228,392
Investments Program Related$348,882$348,919▲ $37
Total Assets$32,282,468$33,781,905▲ $1,499,437
Other Assets Total$509,249$471,847▼ $37,402
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,959,268$13,158,868▲ $2,199,600
Accounts Payable and Accrued Expenses$626,861$409,608▼ $217,253
Deferred Revenue$19,057$121,860▲ $102,803
Total Liabilities$11,605,186$13,690,336▲ $2,085,150
Net Assets / Fund Balance
Unrestricted Net Assets$16,806,356$15,780,396▼ $1,025,960
Permanently Rstr Net Assets$2,681,159$2,633,229▼ $47,930
Temporarily Rstr Net Assets$1,189,767$1,677,944▲ $488,177
Total Net Assets Fund Balance$20,677,282$20,091,569▼ $585,713
Total Liabilities and Net Assets / Fund Balance$32,282,468$33,781,905▲ $1,499,437

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,010,439$3,199,882$19,210,321
Equipment$948,315$999,108$1,947,423
Land$806,018-$806,018

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$3,495,219-▼ $67,448$129,273$3,298,498
2014$3,493,255-▲ $152,172$150,208$3,495,219
2013$3,132,824-▲ $523,599$163,168$3,493,255
2012$3,001,056-▲ $292,999$161,231$3,132,824
2011$3,079,913-▲ $88,150$167,007$3,001,056
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael MushettCEOFT$105,575$105,575
Cynthia a GeismanCOOFT$88,174$88,174
Cindi RollestonCPOFT$79,106$79,106
David SpringmanCFOFT$77,545$77,545
Ruth StoneCDOFT$56,866$56,866
Nancy LouraineCEOFT$17,278$17,278

Board Members and Trustees

NameTitle
Ron TurpinChair of Dev
Vicki LeiningerChair of Gov
Bernard NiezerChairman
Kelly ClevengerPast Chair
Tom TrentVice Chairma
Barry SturgesDirector
Chris RuppDirector
Dave FeeDirector
Irene WaltersDirector
Jill BoggsDirector
Jim LabasDirector
Marlon WardlowDirector
Matt SimpsonDirector
Melissa SchenkelDirector
Randy OutmanDirector
Richard FoxDirector
Shawn BrownDirector
Tom Banas MdDirector
Tracy ShellabargerDirector
Wil SmithDirector
Melissa StoutSecretary
Corinna LaddTreasurer
Jerry WitteTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Michael Kinder & Sons INCConstructionPO BOX 10572, Fort Wayne, IN 46853$4,051,063
Revenue and Support

Revenue Composition

Contributions and Grants
$3,938,851
Program Service Revenue
$1,185,449
Investment Income
$126,516
Other Revenue
$392,111
All Other Contributions
$3,729,126
Change in Net Assets
$-426,778

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table20$195,226Fair Market Value
Securities Miscellaneous12$74,757Fair Market Value
Total Noncash Contributions32$269,983-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,642,927
Revenue Not Reported on Form 990
$-9,808
Total Revenue per Audited Statements
$5,633,119
Total Revenue per Form 990
$5,642,927
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,302,362
Other Expenses$2,767,343
Total Fundraising Expense$312,597
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,217,809$99,036$68,628$2,385,473
Depreciation Depletion$741,354$34,387$4,891$780,632
Current Officers, Directors, Trustees, and Key Employees$194,695$115,944$113,905$424,544
All Other Expenses$156,507$138,709$84,115$379,331
Other Employee Benefits$247,593$28,703$11,313$287,609
Payroll Taxes$173,218$18,362$13,156$204,736
Fees for Services Other$71,394$95,061$10,192$176,647
Interest$161,989-$3,071$165,060
Other Expenses$90,782$18,050$1,751$90,782
Travel$22,504$5,833-$28,337
Conferences and Meetings$8,459$2,045$25$10,529
Total Functional Expenses$4,422,739$1,334,369$312,597$6,069,705

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,069,705
Total Expenses per Audited Statements$5,444,230
Expenses per Audited Statements$5,295,103
Expenses Not Reported on Financial Statements$774,602
Other Expense Adjustments$774,602
Expenses Not Reported on Form 990$149,127
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$274,407
Gaming Gross Income$196,162
Gaming Direct Expenses$56,108
Fundraising Direct Expenses$30,231
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$432,306$238,106$22,506$215,600
Golf Fundraiser$34,198$18,673$7,725$10,948
Total Events$484,132$274,407$30,231$244,176
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
Audit committee
Yes
Backup withholding compliance
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
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

The governing body was provided a copy of the form 990 on april 26, 2017, prior to its filing. A copy of the 990 was also circulated via email prior to the april 26, 2017 board meeting. The form 990 was reviewed by the finance committee prior to the board meeting.

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

The organization's written conflict of interest policy requires the governing body and leadership staff to disclose any potential interests and affiliations that could lead to a conflict of interest. This policy is reviewed on an annual basis by the governing body and any potential conflicts are disclosed. The governing body's executive committee review any disclosures. The executive director assists in monitoring and enforcing compliance to the process and policy.

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

The organization has a compensation process in place for its chief executive officer (ceo). Compensation is determined through comparable data collected through surveys of other local social service organizations of similar budget size, number of employees, scope of activities and like mission. The agency's current financial situation will also impact the compensation awarded to the ceo. The governing body reviews and approves the compensation package prior to approval of the agency's annual operating budget, based on the recommendation of the human resource and finance committees, and the results of the ceo's annual performance review.

Form 990, Page 6, Part VI, Line 19

The agency makes its governing documents, conflict of interest policy, financial statements, annual report and form 990 available for public inspection through a variety of mediums including: agency's web site, its annual report that is mailed to supporters, its annual outcome management report, other web sites including guidestar, the local better business bureau, and dun and bradstreet. Copies of the documents are available at the agency's office and copies will be provided upon request.

Filing and Contact Details

Filer

Filer Name
Turnstone Center for Children &
EIN
35-0913541
Phone
2604832100
Address
3320 NORTH CLINTON STREET, FORT WAYNE, IN 46805

Signing Officer

Name
Bernard Niezer
Title
Chairman
Phone
2604832100
Signed
2016-11-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bernard Niezer
Formed
1943
Legal Domicile
In
Voting Board Members
23
Independent Board Members
23
Employees
99
Volunteers
400

Preparer

Firm
Haines Isenbarger & Skiba LLC
Address
4630 W JEFFERSON BLVD 8, FORT WAYNE, IN 46804
Preparer
Todd E Haines
Phone
2604369500
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 2

In the fall of 2015, turnstone expanded the sports, recreation, and wellness programming by adding more than 125,000 square feet to its facility. The plassman athletic center houses 4 collegiate-sized basketball courts and a 230 meter six lane track with long jump and pole vault pit, area for shot put and high jump equipment. The plassman athletic center also has fieldhouse spectator capacity for 1,700 people, a concession stand and bistro seating area; nine administrative offices, three conference rooms, a 5,000 square foot fitness center with three group exercise rooms, a large warm water therapy pool with zero-depth entry, chair lift, transfer wall, and stairs; an fully accessible bathrooms, locker rooms, and showers. The project increased the capacity to assist more people and helped turnstone become one of only ten gold level paralympic sport clubs in the united states. The usa men's paralympic goalball team has trained at turnstone since october 2015.

Form 990, Page 2, Part III, Line 4D

Transportation: provided cost of transportation to the facility for program participation for 59 individuals.

Form 990, Part XI, Line 9

Unrealized gain on investments -140,385 unrealized gain on perpetual trust -7,307 unrealized gain on investments-cfgfw -11,243 total -158,935

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The endowment funds are used for operations, therapeutic services, and children's programs.

Schedule D, Page 3, Part X

Turnstone is a nonprofit voluntary health and welfare organization, exempt from income tax under section 501(c)(3) of the internal revenue code, and qualifies for the 50 percent charitable contributions deduction limitation. Turnstone has been classified as an organization that is not a private foundation under section 509(a) of the internal revenue code. Management believes turnstone is no longer subject to examination by tax authorities for years before june 30, 2013.

Schedule D, Page 4, Part XI, Line 2D

Rental 64,627 income of turnstone leverage lender 71,180

Schedule D, Page 4, Part XII, Line 2D

Rental 64,627 expenses of turnstone leverage lender 71,180

Schedule D, Page 4, Part XII, Line 4B

Conveyance to fort wayne 774,602

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $25M-$50M nonprofits