Civic Intelligence

Wells County Revitalization Inc.

990 • Fiscal year 2020 • EIN 35-1625609

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 09, 2021

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

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

20th percentile

0.01x

Higher debt load relative to revenue than 20% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

67th percentile

15%

Higher net margin than 67% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

42nd percentile

3.1%

Faster asset growth than 42% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

9th percentile

-45%

Faster revenue growth than 9% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$1,809,860

Down $280,857 (-13%) from 2018

Net Assets

Down

$1,807,255

Down $267,386 (-13%) from 2018

Liabilities

Down

$2,605

Down $13,471 (-84%) from 2018

Revenue

Down

$364,222

Down $379,238 (-51%) from 2018

Expenses

Down

$308,921

Down $230,362 (-43%) from 2018

Net Income

Down

$55,301

Down $148,876 (-73%) from 2018

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

2020

Assets$1,809,860
Liabilities$2,605
Net Assets$1,807,255

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

2020

Revenue$364,222
Expenses$308,921
Net Income$55,301
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 9, 2021
Return Version
2020v4.0
Gross Receipts
$393,096
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$1,191,750$1,145,011▼ $46,739
Savings and Temporary Cash Investments$500,870$602,703▲ $101,833
Other Notes and Loans Receivable, Net$62,814$61,796▼ $1,018
Accounts Receivable$850$350▼ $500
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 Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,756,284$1,809,860▲ $53,576
Other Assets Total-$0-
Liabilities
Other Liabilities$4,330$2,605▼ $1,725
Total Liabilities$4,330$2,605▼ $1,725
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,751,954$1,807,255▲ $55,301
Total Net Assets Fund Balance$1,751,954$1,807,255▲ $55,301
Total Liabilities and Net Assets / Fund Balance$1,756,284$1,809,860▲ $53,576

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,075,815$775,038$1,850,853
Leasehold Improvements-$146,022$146,022
Equipment$508$72,259$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
Trent BucherTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$188,971
Program Service Revenue
$30,008
Investment Income
$40,009
Other Revenue
$105,234
All Other Contributions
$188,971
Change in Net Assets
$55,301
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$273,671
Grants and Similar Amounts Paid$35,250
Total Fundraising Expense$12,593
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$46,740--$46,740
Grants to Domestic Orgs$35,250--$35,250
Office Expenses$1,602-$12,593$14,195
Other Expenses$7,751--$7,751
Insurance$5,176$166-$5,342
All Other Expenses$615$2,360-$2,975
Fees for Services Accounting-$2,795-$2,795
Total Functional Expenses$291,007$5,321$12,593$308,921
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Wells Co Chamber of CommerceBluffton, IN-To Fund Supported Organization$35,250
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$71,852
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Event Revenue$71,852$71,852-$71,852
Total Events$71,852$71,852-$71,852
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$2,795

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$2,605
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 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
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
2021-11-09
Discuss with paid preparer
Yes

Organization Details

Formed
1985
Legal Domicile
In
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
50

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:

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IRS990/OfficeExpensesGrp/ProgramServicesAmt01602
IRS990/OfficeExpensesGrp/TotalAmt014195
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0DOWNTOWN BEAUTIFICATN SUPPLIES
IRS990/OtherExpensesGrp/Desc1LEADERSHIP ACADEMY SUPPLIES
IRS990/OtherExpensesGrp/Desc2REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc3CONTRACT SERVICES
IRS990/OtherExpensesGrp/ProgramServicesAmt0137333
IRS990/OtherExpensesGrp/ProgramServicesAmt128545
IRS990/OtherExpensesGrp/ProgramServicesAmt227995
IRS990/OtherExpensesGrp/ProgramServicesAmt37751
IRS990/OtherExpensesGrp/TotalAmt0137333
IRS990/OtherExpensesGrp/TotalAmt128545
IRS990/OtherExpensesGrp/TotalAmt227995
IRS990/OtherExpensesGrp/TotalAmt37751
IRS990/OtherLiabilitiesGrp/BOYAmt04330
IRS990/OtherLiabilitiesGrp/EOYAmt02605
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt062814
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt061796
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/Desc0FARMERS MARKET
IRS990/ProgramServiceRevenueGrp/Desc1LEADERSHIP ACADEMY
IRS990/ProgramServiceRevenueGrp/Desc2REVOLVING LOAN FUND
IRS990/ProgramServiceRevenueGrp/Desc3SUMMER CAMPS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01342
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt127610
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21056
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01342
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt127610
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21056
IRS990/ProgSrvcAccomActy2Grp/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/ProgSrvcAccomActy2Grp/ExpenseAmt080053
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt054961
IRS990/ProgSrvcAccomActy3Grp/Desc0TO SUPPORT LOCAL ECONOMIC DEVELOPMENT ACTIVITIES SO AS TO FIGHT THE EFFECTS OF URBAN BLIGHT AND RURAL ECONOMIC DECAY.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt035250
IRS990/ProgSrvcAccomActy3Grp/GrantAmt035250
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt08076
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0482240
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt035250
IRS990/PYInvestmentIncomeAmt043800
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0953306
IRS990/PYOtherRevenueAmt090795
IRS990/PYProgramServiceRevenueAmt049034
IRS990/PYRevenuesLessExpensesAmt0-322687
IRS990/PYTotalExpensesAmt0988556
IRS990/PYTotalRevenueAmt0665869
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt055301
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt033382
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0500870
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0602703
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/SupportAmt035250
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0WELLS COUNTY CHAMBER OF COMMRCEINC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt035250
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01075815
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0775038
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01850853
IRS990ScheduleD/EquipmentGrp/BookValueAmt0508
IRS990ScheduleD/EquipmentGrp/DepreciationAmt072259
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt072767
IRS990ScheduleD/LandGrp/BookValueAmt068688
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt068688
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0146022
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0146022
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt054653
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt054653
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02605
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01145011
IRS990ScheduleD/TotalLiabilityAmt02605
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRAISING EVENT REVENUE
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt071852
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt071852
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt071852
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt071852
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt071852
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt035250
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

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