Civic Intelligence

Wells County Revitalization Inc.

990 • Fiscal year 2015 • EIN 35-1625609

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 15, 2016

211 W Water StreetBluffton, IN 46714

(260) 824-0510

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

Higher debt load relative to assets than 15% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

18th percentile

0.00x

Higher debt load relative to revenue than 18% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

16th percentile

-16%

Higher net margin than 16% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

39th percentile

-1.6%

Faster asset growth than 39% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

23rd percentile

-9.3%

Faster revenue growth than 23% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,735,587

Down $27,482 (-1.6%) from 2014

Net Assets

Down

$1,734,787

Down $27,882 (-1.6%) from 2014

Liabilities

Up

$800

Up $400 (+100%) from 2014

Revenue

Down

$176,386

Down $18,031 (-9.3%) from 2014

Expenses

Up

$204,268

Up $24,840 (+14%) from 2014

Net Income

Down

-$27,882

Down $42,871 (-286%) from 2014

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 2011: $1,928,588Liabilities 2011: $1,925Net Assets 2011: $1,926,6632011Assets 2012: $1,769,671Liabilities 2012: $1,258Net Assets 2012: $1,768,4132012Assets 2013: $1,748,224Liabilities 2013: $544Net Assets 2013: $1,747,6802013Assets 2014: $1,763,069Liabilities 2014: $400Net Assets 2014: $1,762,6692014Assets 2015: $1,735,587Liabilities 2015: $800Net Assets 2015: $1,734,7872015Assets 2017: $1,872,189Liabilities 2017: $1,725Net Assets 2017: $1,870,4642017Assets 2018: $2,090,717Liabilities 2018: $16,076Net Assets 2018: $2,074,6412018Assets 2020: $1,809,860Liabilities 2020: $2,605Net Assets 2020: $1,807,2552020Assets 2021: $1,913,044Liabilities 2021: $1,278Net Assets 2021: $1,911,7662021Assets 2022: $2,325,754Liabilities 2022: $350Net Assets 2022: $2,325,4042022Assets 2024: $1,921,955Liabilities 2024: $80,858Net Assets 2024: $1,841,0972024

Highlighted filing

2015

Assets$1,735,587
Liabilities$800
Net Assets$1,734,787

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2011: $126,8142011Expenses 2012: $229,9992012Revenue 2013: $132,235Expenses 2013: $152,968Net Income 2013: -$20,7332013Revenue 2014: $194,417Expenses 2014: $179,428Net Income 2014: $14,9892014Revenue 2015: $176,386Expenses 2015: $204,268Net Income 2015: -$27,8822015Revenue 2017: $274,554Expenses 2017: $225,714Net Income 2017: $48,8402017Revenue 2018: $743,460Expenses 2018: $539,283Net Income 2018: $204,1772018Revenue 2020: $364,222Expenses 2020: $308,921Net Income 2020: $55,3012020Revenue 2021: $384,638Expenses 2021: $280,127Net Income 2021: $104,5112021Revenue 2022: $775,433Expenses 2022: $313,578Net Income 2022: $461,8552022Revenue 2024: $829,801Expenses 2024: $1,460,001Net Income 2024: -$630,2002024

Highlighted filing

2015

Revenue$176,386
Expenses$204,268
Net Income-$27,882
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 15, 2016
Return Version
2015v2.0
Gross Receipts
$186,435
Mission and Program Overview

Mission

To promote, encourage and foster the improvement and revitalization of the business area and to work toward a total professional and lifestyle rejuvenation of wells county, indiana.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,447,054$1,393,996▼ $53,058
Investments Program Related$184,560$179,996▼ $4,564
Savings and Temporary Cash Investments$89,939$138,872▲ $48,933
Other Notes and Loans Receivable, Net$40,725$29,595▼ $11,130
Cash and Non-Interest-Bearing Accounts-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Accounts Receivable$791$-6,872▼ $7,663
Total Assets$1,763,069$1,735,587▼ $27,482
Other Assets Total-$0-
Liabilities
Other Liabilities$400$800▲ $400
Total Liabilities$400$800▲ $400
Net Assets / Fund Balance
Unrestricted Net Assets$1,762,669$1,734,787▼ $27,882
Total Net Assets Fund Balance$1,762,669$1,734,787▼ $27,882
Total Liabilities and Net Assets / Fund Balance$1,763,069$1,735,587▼ $27,482

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,307,169$543,684$1,850,853
Leasehold Improvements$17,803$128,219$146,022
Equipment$336$70,086$70,422
Land$68,688-$68,688
Other Land Buildings-$54,653$54,653
Compensation and Service Providers

Board Members and Trustees

NameTitle
David MorrisonPresident
David NussearDirector
Eric GerberDirector
Greg RoembkeDirector
Jacob DukeDirector
Steve HugginsDirector
Tammy SlaterDirector
Tamra BoucherDirector
Erin PribleExecutive Di
Tim EhlerdingExecutive Di
Trent BucherTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$53,773
Program Service Revenue
$79,845
Investment Income
$-5,525
Other Revenue
$48,293
All Other Contributions
$53,773
Change in Net Assets
$-27,882
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$184,643
Grants and Similar Amounts Paid$19,625
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$53,058--$53,058
Fees for Services Other$26,100$1,854-$27,954
Grants to Domestic Orgs$19,625--$19,625
Other Expenses$9,702--$9,702
All Other Expenses$5,573--$5,573
Insurance$5,516--$5,516
Fees for Services Accounting-$1,418-$1,418
Total Functional Expenses$200,996$3,272$0$204,268
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Wells Co Chamber of CommerceBluffton, IN501(c)(6)To Fund Supported Organization$19,625
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Trent a BucherTreasurerProfessional Tax ServicesNo$1,418

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Deposits Payable$800
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
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 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Conflict of interest declaration listings are monitored by the officers or their designates and watch for potential conflict situations that arise during each year.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Wells County Revitalization Inc
EIN
35-1625609
Phone
2608240510
Address
211 W WATER STREET, BLUFFTON, IN 46714

Signing Officer

Name
Trent a Bucher
Title
Treasurer
Signed
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
1985
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
10

Preparer

Firm
Honegger Ringger & Co Inc
Address
1905 N Main Street, Bluffton, IN 46714
Preparer
Trent A Bucher CPA
Phone
2608244107
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

Other program services 4: to hold donated farm land until municipality is prepared to receive same for development of public park other program services 5: to support local economic development activities so as to fight the effects of urban blight and rural economic decay.

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IRS990/OtherExpensesGrp/Desc0LEADERSHIP ACADEMY SUPPLIES
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3DOWNTOWN BEAUTIFICATN SUPPLIES
IRS990/OtherExpensesGrp/ProgramServicesAmt039224
IRS990/OtherExpensesGrp/ProgramServicesAmt125622
IRS990/OtherExpensesGrp/ProgramServicesAmt216576
IRS990/OtherExpensesGrp/ProgramServicesAmt39702
IRS990/OtherExpensesGrp/TotalAmt039224
IRS990/OtherExpensesGrp/TotalAmt125622
IRS990/OtherExpensesGrp/TotalAmt216576
IRS990/OtherExpensesGrp/TotalAmt39702
IRS990/OtherLiabilitiesGrp/BOYAmt0400
IRS990/OtherLiabilitiesGrp/EOYAmt0800
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt040725
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt029595
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0AMWA PROJECTS INCOME
IRS990/ProgramServiceRevenueGrp/Desc1LEADERSHIP ACADEMY
IRS990/ProgramServiceRevenueGrp/Desc2REVOLVING LOAN FUND
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02107
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt142208
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt235530
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02107
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt142208
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt235530
IRS990/ProgSrvcAccomActy2Grp/Desc0TO SUPPORT LOCAL ECONOMIC DEVELOPMENT ACTIVITIES SO AS TO FIGHT THE EFFECTS OF URBAN BLIGHT AND RURAL ECONOMIC DECAY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt050240
IRS990/ProgSrvcAccomActy2Grp/GrantAmt019625
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt03901
IRS990/ProgSrvcAccomActy3Grp/Desc0TO FACILITATE LEADERSHIP EDUCATION PROGRAMS FOR LOCAL CITIZENS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt039224
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt042208
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt099342
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt028402
IRS990/PYInvestmentIncomeAmt012577
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0151026
IRS990/PYOtherRevenueAmt048932
IRS990/PYProgramServiceRevenueAmt033566
IRS990/PYRevenuesLessExpensesAmt014989
IRS990/PYTotalExpensesAmt0179428
IRS990/PYTotalRevenueAmt0194417
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-27882
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt048293
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt038400
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt089939
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0138872
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0350778401
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0false
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd09
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt019625
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0WELLS COUNTY CHAMBER OF COMMRCEINC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt019625
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01307169
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0543684
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01850853
IRS990ScheduleD/EquipmentGrp/BookValueAmt0336
IRS990ScheduleD/EquipmentGrp/DepreciationAmt070086
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt070422
IRS990ScheduleD/LandGrp/BookValueAmt068688
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt068688
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt017803
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0128219
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0146022
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt054653
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt054653
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01393996
IRS990ScheduleD/TotalBookValueProgramRltdAmt0179996
IRS990ScheduleD/TotalLiabilityAmt0800
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt019625
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(6)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO FUND SUPPORTED ORGANIZATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WELLS CO CHAMBER OF COMMERCE
IRS990ScheduleI/RecipientTable/RecipientEIN0350778401
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0211 W WATER ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BLUFFTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd046714
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION EVALUATES THE MERITS OF EACH GRANT REQUEST AND MAKES PAYMENT DIRECTLY TO THE GRANTEE'S VENDOR OR REIMBURSEMENT OF PAID INVOICE WHEN IT IS DETERMINED THAT THE GRANT PROJECT FITS THE EXEMPT PURPOSE OF THE ORGANIZATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0TRENT A BUCHER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0TREASURER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt01418

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