Civic Intelligence

Wells County Revitalization Inc.

990 • Fiscal year 2018 • EIN 35-1625609

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

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

25th percentile

0.01x

Higher debt load relative to assets than 25% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

27th percentile

0.02x

Higher debt load relative to revenue than 27% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

82nd percentile

27%

Higher net margin than 82% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

74th percentile

12%

Faster asset growth than 74% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

96th percentile

171%

Faster revenue growth than 96% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$2,090,717

Up $218,528 (+12%) from 2017

Net Assets

Up

$2,074,641

Up $204,177 (+11%) from 2017

Liabilities

Up

$16,076

Up $14,351 (+832%) from 2017

Revenue

Up

$743,460

Up $468,906 (+171%) from 2017

Expenses

Up

$539,283

Up $313,569 (+139%) from 2017

Net Income

Up

$204,177

Up $155,337 (+318%) from 2017

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

2018

Assets$2,090,717
Liabilities$16,076
Net Assets$2,074,641

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

2018

Revenue$743,460
Expenses$539,283
Net Income$204,177
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$778,079
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$1,292,077$1,239,859▼ $52,218
Savings and Temporary Cash Investments$292,274$760,043▲ $467,769
Investments Program Related$216,652$0▼ $216,652
Other Notes and Loans Receivable, Net$70,987$70,265▼ $722
Accounts Receivable$199$20,550▲ $20,351
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-
Total Assets$1,872,189$2,090,717▲ $218,528
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses-$14,251-
Other Liabilities$1,725$1,825▲ $100
Total Liabilities$1,725$16,076▲ $14,351
Net Assets / Fund Balance
Unrestricted Net Assets$1,870,464$2,074,641▲ $204,177
Total Net Assets Fund Balance$1,870,464$2,074,641▲ $204,177
Total Liabilities and Net Assets / Fund Balance$1,872,189$2,090,717▲ $218,528

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,168,356$682,497$1,850,853
Leasehold Improvements$1,369$144,653$146,022
Equipment$1,446$71,321$72,767
Land$68,688-$68,688
Other Land Buildings-$54,653$54,653
Compensation and Service Providers

Board Members and Trustees

NameTitle
David MorrisonPresident
Steve HugginsVice President
Eric GerberDirector
Erin PribleDirector
Greg RoembkeDirector
Jim BrewerDirector
Kody KumferDirector
Mike LautzenheiserDirector
Tammy SlaterDirector
Tamra BoucherDirector
Chad KlineExecutive Director
Jacob DukeSecretary
Trent BucherTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$561,773
Program Service Revenue
$100,339
Investment Income
$-7,509
Other Revenue
$88,857
All Other Contributions
$542,473
Change in Net Assets
$204,177
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$402,060
Grants and Similar Amounts Paid$121,406
Salaries, Compensation, and Employee Benefits$15,817
Total Fundraising Expense$10,530
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$121,406--$121,406
Depreciation Depletion$52,218--$52,218
Other Expenses$24,536--$24,536
Other Salaries and Wages$15,817--$15,817
Office Expenses$1,241-$10,530$11,771
Insurance$5,118$100-$5,218
Fees for Service Investment Mgmnt Fees-$2,234-$2,234
Fees for Services Accounting-$920-$920
All Other Expenses$130--$130
Total Functional Expenses$525,499$3,254$10,530$539,283
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Adams Wells Manufctrg AlliancBluffton, IN501(c)(6)To Spin-off Trade Group Activities$57,156
Town of OssianOssian, INTown of OssianDevelopment of City Ampitheater$50,000
Wells Co Chamber of CommerceBluffton, IN501(c)(6)To Fund Supported Organization$14,250
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$47,362
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Event Revenue$47,362$47,362-$47,362
Total Events$47,362$47,362-$47,362
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$721

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$1,825
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
1985
Legal Domicile
In
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
11

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/LessRentalExpensesGrp/RealAmt034619
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt019300
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01870464
IRS990/NetAssetsOrFundBalancesEOYAmt02074641
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt047362
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt041495
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt041495
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/FundraisingAmt010530
IRS990/OfficeExpensesGrp/ProgramServicesAmt01241
IRS990/OfficeExpensesGrp/TotalAmt011771
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0DOWNTOWN BEAUTIFICATN SUPPLIES
IRS990/OtherExpensesGrp/Desc1AWMA PROJECT EXPENSE
IRS990/OtherExpensesGrp/Desc2REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc3LEADERSHIP ACADEMY SUPPLIES
IRS990/OtherExpensesGrp/ProgramServicesAmt0150115
IRS990/OtherExpensesGrp/ProgramServicesAmt182140
IRS990/OtherExpensesGrp/ProgramServicesAmt272778
IRS990/OtherExpensesGrp/ProgramServicesAmt324536
IRS990/OtherExpensesGrp/TotalAmt0150115
IRS990/OtherExpensesGrp/TotalAmt182140
IRS990/OtherExpensesGrp/TotalAmt272778
IRS990/OtherExpensesGrp/TotalAmt324536
IRS990/OtherLiabilitiesGrp/BOYAmt01725
IRS990/OtherLiabilitiesGrp/EOYAmt01825
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt015817
IRS990/OtherSalariesAndWagesGrp/TotalAmt015817
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt070987
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt070265
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/Desc0INDUSTRIAL TRAINING PROGR
IRS990/ProgramServiceRevenueGrp/Desc1LEADERSHIP ACADEMY
IRS990/ProgramServiceRevenueGrp/Desc2REVOLVING LOAN FUND
IRS990/ProgramServiceRevenueGrp/Desc3SUMMER CAMPS
IRS990/ProgramServiceRevenueGrp/Desc4WAGE SURVEY FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt066920
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17452
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt25032
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32400
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt418220
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt066920
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17452
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt25032
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt32400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt418220
IRS990/ProgSrvcAccomActy2Grp/Desc0TO SUPPORT LOCAL ECONOMIC DEVELOPMENT ACTIVITIES SO AS TO FIGHT THE EFFECTS OF URBAN BLIGHT AND RURAL ECONOMIC DECAY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0169363
IRS990/ProgSrvcAccomActy2Grp/GrantAmt071406
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0120355
IRS990/ProgSrvcAccomActy3Grp/Desc0TO BUILD AND MAINTAIN AND ARTS AND COMMERCE CENTER TO SUPPORT IMPROVED QUALITY OF LIFE PROJECTS AND ENHANCE BUSINESS DEVELOPMENT OPPORTUNITIES FOR WELLS COUNTY
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0130955
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt060466
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0135658
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt028911
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0215708
IRS990/PYOtherRevenueAmt079593
IRS990/PYProgramServiceRevenueAmt030392
IRS990/PYRevenuesLessExpensesAmt048840
IRS990/PYSalariesCompEmpBnftPaidAmt010006
IRS990/PYTotalExpensesAmt0225714
IRS990/PYTotalRevenueAmt0274554
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0204177
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt041495
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0292274
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0760043
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/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt014250
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0WELLS COUNTY CHAMBER OF COMMRCEINC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt014250
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01168356
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0682497
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01850853
IRS990ScheduleD/EquipmentGrp/BookValueAmt01446
IRS990ScheduleD/EquipmentGrp/DepreciationAmt071321
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt072767
IRS990ScheduleD/LandGrp/BookValueAmt068688
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt068688
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01369

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