Civic Intelligence

Historic Madison Inc.

990 • Fiscal year 2016 • EIN 35-1339655

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

500 West StreetMadison, IN 47250

(812) 265-2967

Siviq Scores

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

Liabilities / Assets

47th percentile

0.08x

Higher debt load relative to assets than 47% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

82nd percentile

0.78x

Higher debt load relative to revenue than 82% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

95th percentile

66%

Higher net margin than 95% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

52nd percentile

$67,419

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 30.9% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Assets

$2,063,506

No earlier filing loaded for comparison.

Net Assets

$1,893,815

No earlier filing loaded for comparison.

Liabilities

$169,691

No earlier filing loaded for comparison.

Revenue

$217,843

No earlier filing loaded for comparison.

Expenses

$73,825

No earlier filing loaded for comparison.

Net Income

$144,018

No earlier filing loaded for comparison.

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 2016: $2,063,506Liabilities 2016: $169,691Net Assets 2016: $1,893,8152016Assets 2017: $882,890Liabilities 2017: $16,256Net Assets 2017: $866,6342017Assets 2018: $911,398Liabilities 2018: $0Net Assets 2018: $911,3982018Assets 2019: $868,982Liabilities 2019: $0Net Assets 2019: $868,9822019Assets 2020: $944,211Liabilities 2020: $0Net Assets 2020: $944,2112020Assets 2021: $1,002,352Liabilities 2021: $0Net Assets 2021: $1,002,3522021Assets 2022: $1,099,988Liabilities 2022: $15,169Net Assets 2022: $1,084,8192022Assets 2023: $1,158,247Liabilities 2023: $1,000Net Assets 2023: $1,157,2472023Assets 2024: $1,421,694Liabilities 2024: $1,000Net Assets 2024: $1,420,6942024

Highlighted filing

2016

Assets$2,063,506
Liabilities$169,691
Net Assets$1,893,815

Operations Trend

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

$600K$400K$200K$0Revenue 2016: $217,843Expenses 2016: $73,825Net Income 2016: $144,0182016Revenue 2017: $562,015Expenses 2017: $68,759Net Income 2017: $493,2562017Revenue 2018: $118,884Expenses 2018: $96,556Net Income 2018: $22,3282018Revenue 2019: $87,514Expenses 2019: $80,412Net Income 2019: $7,1022019Revenue 2020: $96,250Expenses 2020: $58,175Net Income 2020: $38,0752020Revenue 2021: $107,824Expenses 2021: $66,327Net Income 2021: $41,4972021Revenue 2022: $203,087Expenses 2022: $116,975Net Income 2022: $86,1122022Revenue 2023: $145,784Expenses 2023: $61,350Net Income 2023: $84,4342023Revenue 2024: $419,926Expenses 2024: $76,172Net Income 2024: $343,7542024

Highlighted filing

2016

Revenue$217,843
Expenses$73,825
Net Income$144,018
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$226,635
Mission and Program Overview

Mission

To preserve historic buildings and educate the public about historic architecture.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$680,170$809,446▲ $129,276
Land, Buildings, and Equipment, Net$323,702$319,460▼ $4,242
Pledges and Grants Receivable$642,268$131,574▼ $510,694
Investments in Publicly Traded Securities$107,284$112,098▲ $4,814
Inventories for Sale or Use$10,362--
Cash and Non-Interest-Bearing Accounts$54$55▲ $1
Total Assets$1,763,840$2,063,506▲ $299,666
Other Assets Total-$690,873-
Liabilities
Accounts Payable and Accrued Expenses-$169,691-
Total Liabilities$0$169,691▲ $169,691
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,171,251$1,171,251→ $0
Unrestricted Net Assets$492,589$622,564▲ $129,975
Permanently Rstr Net Assets$100,000$100,000→ $0
Total Net Assets Fund Balance$1,763,840$1,893,815▲ $129,975
Total Liabilities and Net Assets / Fund Balance$1,763,840$2,063,506▲ $299,666

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$173,664$69,509$243,173
Other Land Buildings$109,764$64,761$174,525
Leasehold Improvements-$34,194$34,194
Land$33,610-$33,610
Equipment$2,422$2,343$4,765
Other Assets Org$690,873--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$4,204,392-▲ $280,369$219,286$4,265,475
2015$4,406,190-▲ $7,651$209,449$4,204,392
2014$5,118,270-▲ $389,319$232,146$5,275,443
2013$4,560,680-▲ $840,972$283,382$5,118,270
2012$4,624,060$200,000▲ $476,274$739,654$4,560,680
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
John StaicerPresident/ EFT$67,419$67,419

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$195,141
Program Service Revenue
$1,812
Investment Income
$2,193
Other Revenue
$18,697
All Other Contributions
$195,141
Change in Net Assets
$144,018
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$72,825
Total Fundraising Expense$5,047
Grants and Similar Amounts Paid$1,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance$17,984$946-$18,930
Fees for Services Accounting-$8,424-$8,424
Office Expenses$4,914$2,457$819$8,190
Depreciation Depletion$6,346--$6,346
Advertising$1,536$615$922$3,073
Occupancy$2,038$107-$2,145
Fees for Services Management-$1,543-$1,543
Other Expenses$1,749$1,185$3,277$1,185
Grants to Domestic Individuals$1,000--$1,000
All Other Expenses$580$220$29$829
Total Functional Expenses$48,164$20,614$5,047$73,825
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$15,308
Fundraising Direct Expenses$6,993
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Dinner$15,308$15,308$6,652$8,656
Total Events$15,308$15,308$6,652$8,656
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 is provided a copy of form 990 before it is filed in order to properly review for completeness and accuracy.

Form 990, Page 6, Part VI, Line 19

The organization's board of directors assumes responsibility for oversight of the review of the financial statements and the selection of the independent accountant. This process has not changed from prior years.

Filing and Contact Details

Filer

Filer Name
Historic Madison Inc
EIN
35-1339655
Phone
8122652967
Address
500 WEST STREET, MADISON, IN 47250

Signing Officer

Name
John Muessel
Title
Treasurer
Phone
8122652967
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Staicer
Formed
1961
Legal Domicile
In
Voting Board Members
16
Independent Board Members
15
Employees
0
Volunteers
100

Preparer

Firm
Sherman Barber & Mullikin Pc
Address
210 W 3RD ST, MADISON, IN 47250-3339
Preparer
Tracy L Wyne CPA
Phone
8122655312
Supplemental Narrative

Additional Explanations

Form 990

On schedule d, part v, some funds were incorrectly classified as endowment funds in previous years. The beginning balance in the prior year information has been corrected for this prior period adjustment.

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

Preservation of historic buildings and education of the public about historic architecture.

Form 990, Part XI, Line 9

Correction to net assets 5,821 transfers to hmfi -26,620 total -20,799

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Endowment funds held by a related organization are used to support that organization's mission of education and preservation of historic architecture.

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IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
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IRS990ScheduleD/EquipmentGrp/BookValueAmt02422
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IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt034194
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0690873
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0109764
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt064761
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IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENDOWMENT FUNDS HELD BY A RELATED ORGANIZATION ARE USED TO SUPPORT THAT ORGANIZATION'S MISSION OF EDUCATION AND PRESERVATION OF HISTORIC ARCHITECTURE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt0319460
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0690873

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