Civic Intelligence

MILL Race Center Inc

EIN 35-1019509 • 501(c)3 • Columbus, IN

Profile

Our mission is to maximize opportunities for citizens over age 50 to lead independent, healthy and meaningful lives.

900 Lindsey StreetColumbus, IN 47201

www.millracecenter.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

58th percentile

0.04x

Higher debt load relative to assets than 58% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.05x

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

43rd percentile

1.2%

Higher net margin than 43% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

25th percentile

-6.1%

Faster asset growth than 25% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Revenue Growth

33rd percentile

-2.5%

Faster revenue growth than 33% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Assets

Down

$899,077

Down $33,642 (-3.6%) from 2023

Liabilities

Down

$35,928

Down $42,370 (-54%) from 2023

Net Assets

Up

$863,149

Up $8,728 (+1.0%) from 2023

Revenue

Up

$755,980

Up $30,383 (+4.2%) from 2023

Expenses

Down

$747,252

Down $40,310 (-5.1%) from 2023

Net Income

Up

$8,728

Up $70,693 (+114%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2014: $1,450,039Liabilities 2014: $98,224Net Assets 2014: $1,351,8152014Assets 2015: $1,380,386Liabilities 2015: $77,776Net Assets 2015: $1,302,6102015Assets 2016: $1,363,025Liabilities 2016: $98,319Net Assets 2016: $1,264,7062016Assets 2017: $1,109,368Liabilities 2017: $122,242Net Assets 2017: $987,1262017Assets 2018: $983,895Liabilities 2018: $128,479Net Assets 2018: $855,4162018Assets 2019: $920,396Liabilities 2019: $158,315Net Assets 2019: $762,0812019Assets 2020: $847,456Liabilities 2020: $79,610Net Assets 2020: $767,8462020Assets 2021: $1,136,125Liabilities 2021: $75,316Net Assets 2021: $1,060,8092021Assets 2022: $1,020,714Liabilities 2022: $97,342Net Assets 2022: $923,3722022Assets 2023: $932,719Liabilities 2023: $78,298Net Assets 2023: $854,4212023Assets 2024: $899,077Liabilities 2024: $35,928Net Assets 2024: $863,1492024

Highlighted filing

2024

Assets$899,077
Liabilities$35,928
Net Assets$863,149

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2014: $853,895Expenses 2014: $1,133,907Net Income 2014: -$280,0122014Revenue 2015: $1,114,484Expenses 2015: $1,163,689Net Income 2015: -$49,2052015Revenue 2016: $969,972Expenses 2016: $1,090,036Net Income 2016: -$120,0642016Revenue 2017: $932,456Expenses 2017: $1,210,036Net Income 2017: -$277,5802017Revenue 2018: $1,103,217Expenses 2018: $1,234,927Net Income 2018: -$131,7102018Revenue 2019: $998,994Expenses 2019: $1,092,329Net Income 2019: -$93,3352019Revenue 2020: $956,369Expenses 2020: $951,217Net Income 2020: $5,1522020Revenue 2021: $1,035,024Expenses 2021: $744,424Net Income 2021: $290,6002021Revenue 2022: $794,447Expenses 2022: $930,729Net Income 2022: -$136,2822022Revenue 2023: $725,597Expenses 2023: $787,562Net Income 2023: -$61,9652023Revenue 2024: $755,980Expenses 2024: $747,252Net Income 2024: $8,7282024

Highlighted filing

2024

Revenue$755,980
Expenses$747,252
Net Income$8,728

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$835,669
Mission and Program Overview

Mission

Our mission is to maximize opportunities for citizens over age 50 to lead independent, healthy and meaningful lives.

To maximize opportunities for individuals over age fifty to lead independent, healthy and meaningful lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$694,919$666,542▼ $28,377
Savings and Temporary Cash Investments$150,084$140,295▼ $9,789
Cash and Non-Interest-Bearing Accounts$29,682$120,818▲ $91,136
Accounts Receivable$231,790$39,525▼ $192,265
Inventories for Sale or Use$19,896$18,389▼ $1,507
Prepaid Expenses and Deferred Charges$9,166$4,337▼ $4,829
Investments Other Securities$588$493▼ $95
Total Assets$1,136,125$1,020,714▼ $115,411
Other Assets Total$0$30,315▲ $30,315
Liabilities
Accounts Payable and Accrued Expenses$38,743$49,737▲ $10,994
Other Liabilities$0$32,130▲ $32,130
Deferred Revenue$29,888$15,475▼ $14,413
Unsecured Notes Loans Payable$6,685$0▼ $6,685
Total Liabilities$75,316$97,342▲ $22,026
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,057,398$919,961▼ $137,437
Net Assets With Donor Restrictions$3,411$3,411→ $0
Total Net Assets Fund Balance$1,060,809$923,372▼ $137,437
Total Liabilities and Net Assets / Fund Balance$1,136,125$1,020,714▼ $115,411

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$664,945$294,524$959,469
Equipment$1,597$335,593$337,190
Other Land Buildings$0$130,206$130,206

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$45,498-▼ $7,194$71$35,963
2021$50,259-▲ $7,021$102$45,498
2020$46,880-▲ $5,675$59$50,259
2019$58,549-▲ $10,643$72$46,880
2018$65,286-▼ $4,287$96$58,549
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dan MustardExecutive DirectorFT$92,230$92,230

Board Members and Trustees

NameTitle
Marla SatterfieldPresident
Josh ShelleyVice President
Father Clem DavisBoard Member
Larry RoweBoard Member
Lynne HyattBoard Member
Stephen BayerBoard Member
Jason GuthrieEx Officio
Bob WeimerSecretary Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$325,225
Program Service Revenue
$320,577
Investment Income
$2,589
Other Revenue
$146,056
All Other Contributions
$173,076
Change in Net Assets
$-136,282

Audited Revenue Reconciliation

Revenue per Audited Statements
$794,447
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$794,447
Total Revenue per Form 990
$794,447
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$558,079
Salaries, Compensation, and Employee Benefits$372,650
Total Fundraising Expense$63,315
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$193,900$28,711$23,560$246,171
Current Officers, Directors, Trustees, and Key Employees$73,784$668$17,778$92,230
Depreciation Depletion$7,273$21,102-$28,375
Payroll Taxes$24,072$774$1,851$26,697
Fees for Services Other$15,189$4,655$2,643$22,487
Insurance$8,362$12,319$1,464$22,145
Advertising$6,267$6,266$6,266$18,799
Other Expenses$15,291$3,457$3,141$18,748
All Other Expenses$7,473$8,413$1,582$17,468
Information Technology$2,820$11,892$2,097$16,809
Office Expenses$1,390$13,946$217$15,553
Occupancy$10,931$1,506$2,269$14,706
Other Employee Benefits$2,529$4,576$447$7,552
Travel$2,981--$2,981
Conferences and Meetings$1,982$153-$2,135
Interest-$73-$73
Total Functional Expenses$717,549$149,865$63,315$930,729

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$930,729
Total Expenses per Audited Statements$930,729
Total Expenses per Form 990$930,729
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$5,262
Gaming Direct Expenses$3,097
Fundraising Gross Income$3,062
Fundraising Direct Expenses$0
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
Operating Lease Liability$32,130
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 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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

Executive committee determines range of raises and does the performance review for executive director. Executive director does performance reviews and determines salaries for other staff.

Form 990, Part VI, Section A, Line 7B

Board committees, such as the executive committee, assist with key managerial decisions. The development committee is now structured as a finance committee. The executive committee helps make decisions that require a timely response. An annual budget is approved by the board of directors.

Form 990, Part VI, Section A, Line 7B

Board delegates management to executive director; executive committee meets with executive director monthly to discuss management and other issues important to the agency.

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

The board of directors were provided a copy of the form 990 to review before it was filed.

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

The written conflict of interest policy was established in 2007. The organization reaffirmed the policy in 2012. All of the board members have signed off on the updated policy.

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

The board of directors review and determine the executive director'salary on an annual basis. All other salaries are determined through a budget established by the board of directors.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Mill Race Center Inc
EIN
35-1019509
Phone
8123769241
Address
900 LINDSEY STREET, COLUMBUS, IN 47201

Signing Officer

Name
Marla Satterfield
Title
President
Phone
8123769241
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marla Satterfield
Formed
1956
Legal Domicile
In
Voting Board Members
8
Independent Board Members
8
Employees
13
Volunteers
78

Preparer

Firm
AGRESTA STORMS & O'LEARY PC
Address
726 WASHINGTON ST SUITE 200, COLUMBUS, IN 47201
Preparer
Joseph Sullivan CPA
Phone
8126573455
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The executive committee is primarily responsible for oversight of the audit.

Financial Statement Notes

PART X, LINE 2:

The organization is organized as a not-for-profit corporation and, accordingly, is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code and similar state provisions. The organization has evaluated the tax positions they have taken, or expect to take, in the course of preparing the organization's tax returns to determine whether the tax positions are more likely than not of being sustained by the applicable taxing authority. Gaap requires the benefit arising from an uncertain tax position to be recognized in the financial statements only when it is more likely than not the position will be sustained upon examination, including resolution of any related appeals or litigation processes, based upon the technical merits and consideration of all available information. Once the recognition threshold is met, the portion of the tax benefit that is recorded represents the largest amount of tax benefit that is greater than 50 percent likely to be realized upon settlement with a taxing authority. Based on its review, management does not believe the organization has taken any significant uncertain tax positions, including any position that would place the organization's exempt status in jeopardy as of december 31, 2021. The organization files federal and state of indiana returns. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The organization believes they are no longer subject to tax examinations for years prior to 2018. The organization is subject to unrelated business income tax on net income related to advertising revenue from a bimonthly newsletter.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Gaming expenses netted with gaming income inventory sales expenses netted with inventory sales employee rentention tax credit

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Gaming expenses netted with gaming income inventory sales expenses netted with inventory sales employee rentention tax credit

Raw XML AppendixShowing 400 of 580 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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