Civic Intelligence

Logan Community Resources Inc.

990 • Fiscal year 2015 • EIN 35-0965639

Jul 01, 2014 to Jun 30, 2015 • Filed on May 15, 2016

2505 E Jefferson BoulevardSouth Bend, IN 46615

(574) 289-4831

Siviq Scores

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

Liabilities / Assets

56th percentile

0.31x

Higher debt load relative to assets than 56% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

61st percentile

0.39x

Higher debt load relative to revenue than 61% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

61st percentile

6.4%

Higher net margin than 61% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$169,154

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

60th percentile

3.6%

Faster asset growth than 60% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

62nd percentile

7.8%

Faster revenue growth than 62% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$22,926,646

Up $804,694 (+3.6%) from 2014

Net Assets

Up

$15,867,828

Up $1,050,510 (+7.1%) from 2014

Liabilities

Down

$7,058,818

Down $245,816 (-3.4%) from 2014

Revenue

Up

$18,112,455

Up $1,317,464 (+7.8%) from 2014

Expenses

Up

$16,951,052

Up $1,243,989 (+7.9%) from 2014

Net Income

Up

$1,161,403

Up $73,475 (+6.8%) from 2014

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2011: $19,341,577Liabilities 2011: $7,919,433Net Assets 2011: $11,422,1442011Assets 2012: $20,766,694Liabilities 2012: $8,026,218Net Assets 2012: $12,740,4762012Assets 2013: $20,721,736Liabilities 2013: $7,594,937Net Assets 2013: $13,126,7992013Assets 2014: $22,121,952Liabilities 2014: $7,304,634Net Assets 2014: $14,817,3182014Assets 2015: $22,926,646Liabilities 2015: $7,058,818Net Assets 2015: $15,867,8282015Assets 2016: $23,882,237Liabilities 2016: $8,480,326Net Assets 2016: $15,401,9112016Assets 2017: $23,739,839Liabilities 2017: $7,763,639Net Assets 2017: $15,976,2002017Assets 2019: $22,427,814Liabilities 2019: $6,414,334Net Assets 2019: $16,013,4802019Assets 2020: $23,374,405Liabilities 2020: $5,905,394Net Assets 2020: $17,469,0112020Assets 2021: $30,183,880Liabilities 2021: $9,438,122Net Assets 2021: $20,745,7582021Assets 2022: $29,321,559Liabilities 2022: $7,689,523Net Assets 2022: $21,632,0362022

Highlighted filing

2015

Assets$22,926,646
Liabilities$7,058,818
Net Assets$15,867,828

Operations Trend

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

$40M$30M$20M$10M$0-$10MExpenses 2011: $12,984,9672011Expenses 2012: $13,271,2592012Expenses 2013: $14,317,8762013Revenue 2014: $16,794,991Expenses 2014: $15,707,063Net Income 2014: $1,087,9282014Revenue 2015: $18,112,455Expenses 2015: $16,951,052Net Income 2015: $1,161,4032015Revenue 2016: $20,534,256Expenses 2016: $20,591,394Net Income 2016: -$57,1382016Revenue 2017: $22,240,291Expenses 2017: $22,029,209Net Income 2017: $211,0822017Revenue 2019: $25,162,257Expenses 2019: $25,216,190Net Income 2019: -$53,9332019Revenue 2020: $25,601,483Expenses 2020: $24,615,798Net Income 2020: $985,6852020Revenue 2021: $27,948,193Expenses 2021: $25,888,146Net Income 2021: $2,060,0472021Revenue 2022: $31,910,225Expenses 2022: $30,039,445Net Income 2022: $1,870,7802022

Highlighted filing

2015

Revenue$18,112,455
Expenses$16,951,052
Net Income$1,161,403
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 15, 2016
Return Version
2014v6.0
Gross Receipts
$19,620,260
Mission and Program Overview

Mission

Logan community resources, inc (logan) is a non-profit community organization, founded in 1950, which provides services, resources, and advocacy for children and adults with intellectual and developmental disabilities and their families. Serving over 1,500 indiviuals per year throughout northcentral indiana and southwest michigan, logan provides a full range of services from therapies and specialty camps for children to employment, training, life enrichment, wellness, respite, community living, and guardianship options for adults. Logan believes in the potential of everyone and is an active advocate for individual opportunites to help people live their best life. Our advocacy also extends to influencing legislation and policy to benefit people with intellectual and developmental disabilities. Through our work, we strive to create an inclusive community where kindness and dignity enrich the lives of everyone.

Logan community resources is a non-profit community organization which provides advocacy services and resources to support people with disabilities in achieving quality of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,107,609$9,827,113▼ $280,496
Investments in Publicly Traded Securities$4,974,630$4,763,815▼ $210,815
Savings and Temporary Cash Investments$3,262,964$4,217,195▲ $954,231
Accounts Receivable$1,621,726$1,800,229▲ $178,503
Investments Other Securities$1,742,537$1,650,481▼ $92,056
Pledges and Grants Receivable$69,055$327,427▲ $258,372
Prepaid Expenses and Deferred Charges$124,484$131,347▲ $6,863
Inventories for Sale or Use$34,463$34,463→ $0
Cash and Non-Interest-Bearing Accounts$450$450→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$22,121,952$22,926,646▲ $804,694
Other Assets Total$184,034$174,126▼ $9,908
Liabilities
Tax Exempt Bond Liabilities$5,695,000$5,400,000▼ $295,000
Accounts Payable and Accrued Expenses$1,609,634$1,658,818▲ $49,184
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$7,304,634$7,058,818▼ $245,816
Net Assets / Fund Balance
Unrestricted Net Assets$12,658,309$13,075,783▲ $417,474
Temporarily Rstr Net Assets$986,055$1,614,041▲ $627,986
Permanently Rstr Net Assets$1,172,954$1,178,004▲ $5,050
Total Net Assets Fund Balance$14,817,318$15,867,828▲ $1,050,510
Total Liabilities and Net Assets / Fund Balance$22,121,952$22,926,646▲ $804,694

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,525,877$5,931,775$14,457,652
Equipment$450,262$1,381,362$1,831,624
Other Land Buildings$115,027$688,270$803,297
Land$585,560-$585,560
Leasehold Improvements$150,387$133,057$283,444

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$1,742,537$5,050▲ $26,616-$1,650,481
2013$1,560,434$5,050▲ $253,673-$1,742,537
2012$1,422,400$50,300▲ $158,532-$1,560,434
2011$1,401,404$55,000▲ $30,705-$1,422,400
2010$1,227,492$232,678▲ $58,766-$117,532
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Clint BolserPresident/CEOFT$154,415$14,739$169,154
Cheryl SchadeVP and Chief Program OfficerFT$83,610$30,464$114,074
Matt HarringtonVP or Organizational Adv.FT$86,713$26,696$113,409
Adam SchwelnusVice President/CFOFT$77,803$27,354$105,157

Board Members and Trustees

NameTitle
Tracy KnoxChair
Linda KrollVice Chair
Ben ZiolkowskiDirector
Bob SturtevantDirector
Bonnie HayDirector
Brian StanleyDirector
Don KyleDirector
Dr Savita CollinsDirector
Jay TidmarshDirector
Joseph CrimminsDirector
Joseph WoodkaDirector
Katie ToothakerDirector
Lori SkoraDirector
Marijo KellyDirector
Melissa HickeyDirector
Paul McleodDirector
Robert McquadeDirector
Robert MillerDirector
Sally DixonDirector
Thomas WalzDirector
Tom SpencerDirector
Trent GrocockDirector
Kristen Hill-hakeSecretary
David FindlayTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,020,830
Program Service Revenue
$15,891,526
Investment Income
$263,610
Other Revenue
$-63,511
All Other Contributions
$1,145,186
Change in Net Assets
$1,161,403

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table53$63,029Fair Market Value (FMV)
Total Noncash Contributions53$63,029-

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,112,455
Revenue Not Reported on Form 990
$1,040,354
Total Revenue per Audited Statements
$19,152,809
Total Revenue per Form 990
$18,112,455
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,688,387
Other Expenses$3,233,150
Total Fundraising Expense$226,364
Grants and Similar Amounts Paid$29,515
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,314,042$1,139,064$153,788$10,606,894
Other Employee Benefits$1,719,831$313,506$24,365$2,057,702
Payroll Taxes$631,909$115,190$8,952$756,051
Depreciation Depletion$559,511$98,737-$658,248
Fees for Services Other$238,049$373,286$3,631$614,966
Office Expenses$391,662$17,734$9,878$419,274
Occupancy$342,340$60,413-$402,753
Travel$245,708$22,811$1,088$269,607
Information Technology$64,784$101,589$988$167,361
Current Officers, Directors, Trustees, and Key Employees$145,358$17,777$2,400$165,535
Pension Plan Contributions$85,423$15,572$1,210$102,205
Other Expenses$43,236$46,857$10,669$100,762
Fees for Services Accounting$24,387$38,241$372$63,000
Insurance$27,747$5,203$1,734$34,684
Grants to Domestic Individuals$29,515--$29,515
Advertising$4,525$10,623$7,127$22,275
Fees for Services Legal$5,597$8,777$86$14,460
Interest$6,571$1,159-$7,730
Conferences and Meetings$124$1,390$76$1,590
Total Functional Expenses$14,336,759$2,387,929$226,364$16,951,052

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$18,102,299
Expenses per Audited Statements$16,951,052
Total Expenses per Form 990$16,951,052
Expenses Not Reported on Form 990$1,151,247
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$184,096
Fundraising Gross Income$92,685
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Nose-on$201,586$46,727$39,107$7,620
Garden Party$171,810$18,600$30,972$-12,372
Total Events$489,676$92,685$184,096$-91,411
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
ASt Joseph County2004-05-27$8,000,000New construction, remodeling, refu

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$8,092,780$1,188,873$2,600,000$0

Bond Financing Compliance

No rebate due
Yes
Form 8038-T filed
No
Gross proceeds invested in GIC
No
Corrective action procedures
Yes
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, Part VI, Line 1A

The executive committee shall have and exercise all of the authority of the board of directors and management of this corporation, but this delegation of authority shall not operate to relieve the board of directors of any responsibility imposed upon it by law. The members of the executive committee shall consist of the officers of the board. The president shall also serve as an ex officio member of the executive committee.

Form 990, Part VI, Section B, Line 11B

A final draft of the full form 990, including all applicable schedules, is presented to each finance committee member at a finance and audit committee meeting. Each finance committee member is allowed to ask any questions they may have on the form. Once approved by the finance committee, a copy of the form 990, excluding schedule b, is made available to all remaining board members. Once made available to the board, the tax return is then filed with the irs.

Form 990, Part VI, Section B, Line 12C

Conflict of interest disclosure statements are required to be completed by all board and committee members, as well as the president/ceo and vice presidents, each july. Any possible conflicts are discussed and voted on by the board (with the member absent from the room). If a member is retained on the board that does have an area of conflict, he/she would be prohibited from participating in the deliberations and decision for any related transaction.

Form 990, Part VI, Section B, Line 15A

Each year the executive committee of the board evaluates the ceo's compensation. The executive committee uses indiana association of rehabilitation facilities (inarf) salary surveys as a comparison tool, and compensation is adjusted based on rating criteria. This process is documented in the board meeting minutes and was last undertaken in august 2014.

Part VI Line 19

Copies of the organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Logan Community Resources Inc
EIN
35-0965639
In Care Of
% CLINT BOLSER
Phone
5742894831
Address
2505 E JEFFERSON BOULEVARD, SOUTH BEND, IN 46615

Signing Officer

Name
Clint Bolser
Title
President/CEO
Phone
5742894831
Signed
2016-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Clint Bolser
Formed
1950
Legal Domicile
In
Voting Board Members
24
Independent Board Members
24
Employees
517
Volunteers
850

Preparer

Firm
Bkd Llp
Address
200 E Main St Suite 700, Fort Wayne, IN 46802
Preparer
Joyce A Dulworth
Phone
2604604000
Supplemental Narrative

Additional Explanations

Part XI, Line 9

Reconciliation of net assets change in beneficial interest $26,616

Financial Statement Notes

Schedule D, Part V, Line 4

The organization's endowment fund earnings are intended to be used to fund operations.

Part XI, Line 2D

Change in beneficial interest 26,616 cost of goods sold 939,854 fundraising events 184,096 rental expenses 27,297 total $1,177,863

Part XII, Line 2D

Cost of goods sold 939,854 fundraising events 184,096 rental expenses 27,297 total $1,151,247

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