Civic Intelligence

Hoosier Beverage Association Inc

990 • Fiscal year 2019 • EIN 35-1633559

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 23, 2020

300 North Meridian No 2700Indianapolis, IN 46204

(317) 237-0300

Siviq Scores

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

Liabilities / Assets

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

41st percentile

-0.4%

Higher net margin than 41% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

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

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

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

Source year 2019

Revenue Growth

Score unavailable

No value available

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

Source year 2019

Assets

Up

$440,859

Up $118,966 (+37%) from 2011

Net Assets

Up

$440,859

Up $118,966 (+37%) from 2011

Liabilities

Flat

$0

Flat from 2011

Revenue

$148,801

No earlier filing loaded for comparison.

Expenses

Up

$149,428

Up $35,378 (+31%) from 2011

Net Income

-$627

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.

$600K$400K$200K$0Assets 2010: $237,925Liabilities 2010: $0Net Assets 2010: $237,9252010Assets 2011: $321,893Liabilities 2011: $0Net Assets 2011: $321,8932011Assets 2019: $440,859Liabilities 2019: $0Net Assets 2019: $440,8592019Assets 2020: $461,326Liabilities 2020: $0Net Assets 2020: $461,3262020Assets 2021: $423,402Liabilities 2021: $0Net Assets 2021: $423,4022021Assets 2022: $401,859Liabilities 2022: $0Net Assets 2022: $401,8592022Assets 2023: $353,959Liabilities 2023: $0Net Assets 2023: $353,9592023Assets 2024: $347,269Liabilities 2024: $0Net Assets 2024: $347,2692024

Highlighted filing

2019

Assets$440,859
Liabilities$0
Net Assets$440,859

Operations Trend

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

$200K$100K$0-$100KExpenses 2010: $163,1082010Expenses 2011: $114,0502011Revenue 2019: $148,801Expenses 2019: $149,428Net Income 2019: -$6272019Revenue 2020: $148,036Expenses 2020: $127,569Net Income 2020: $20,4672020Revenue 2021: $147,357Expenses 2021: $185,281Net Income 2021: -$37,9242021Revenue 2022: $147,303Expenses 2022: $168,846Net Income 2022: -$21,5432022Revenue 2023: $121,213Expenses 2023: $169,113Net Income 2023: -$47,9002023Revenue 2024: $137,422Expenses 2024: $144,112Net Income 2024: -$6,6902024

Highlighted filing

2019

Revenue$148,801
Expenses$149,428
Net Income-$627
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 23, 2020
Return Version
2019v5.1
Gross Receipts
$148,801
Mission and Program Overview

Mission

The mission of hoosier beverage association is to serve its members by providing leadership programs and services to enhance their ability to conduct business successfully.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$441,486$440,859▼ $627
Total Assets$441,486$440,859▼ $627
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$441,486$440,859▼ $627
Total Net Assets Fund Balance$441,486$440,859▼ $627
Total Liabilities and Net Assets / Fund Balance$441,486$440,859▼ $627
Compensation and Service Providers

Board Members and Trustees

NameTitle
Steve FernandezImmediate Past President
Craig SevernsPresident
Jimmy Jalilul1st Vice President
Adam FicklinDirector
Alison PatientDirector
Brandon AlexanderDirector
Chip GarverDirector
Darren ClarkDirector
Dustin BoyceDirector
Eric TaylorDirector
Francis EllertDirector
Gary EndersDirector
Hutch SchumakerDirector
Joe SmithDirector
Kelly JoergerDirector
Lauren CraigDirector
Mark BickettDirector
Randy DowningDirector
Ryan MckelveyDirector
Scott BruceDirector
Steve LodgeDirector
Susan FairlessDirector
Todd MartyDirector
Zac BradleyDirector
Diane Masariu CarterExecutive Director
Dan HamrickSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$147,213
Program Service Revenue
$0
Investment Income
$1,588
Other Revenue
$0
Change in Net Assets
$-627
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$137,710
Grants and Similar Amounts Paid$11,718
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$100,100
Grants to Domestic Orgs---$11,718
Fees for Services Lobbying---$10,961
Fees for Services Accounting---$6,950
Conferences and Meetings---$4,498
Travel---$3,903
Information Technology---$1,275
Fees for Services Other---$360
Office Expenses---$321
Other Expenses---$16
Total Functional Expenses$0$0$0$149,428
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
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$10,961
Total Nondeductible Lobbying and Political Cost$10,961
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 1

By-laws section 4.14: other committees. The board of directors, by resolution adopted by a majority of the board of directors, may create, and designate the members of, one or more committees, each of which shall consist of three (3) or more directors, which committees, to the extent provided in said resolution, shall have and excercise the authority of the board of directors in the management of the corporation.

Form 990, Part VI, Section A, Line 2

Hutch schumaker ii, craig severns, and e.p. Severns jr. - business relationship craig severns and e.p. Severns jr. - family relationship

Form 990, Part VI, Section A, Line 3

The organization delegates all management and administrative duties to faegre baker daniels llp.

Form 990, Part VI, Section A, Line 6

Hoosier beverage association has three classes of members which include (i) regular members, (ii) associate members, and (iii) life members. Regular members shall include any individual, firm, partnership, association, corporation or other entity engaged in the manufacturing, bottling or distribution of soft drinks, bottled water or other non-alcoholic beverages or the manufacturing of syrup for use in soft drinks, whose application for membership in the corporation has been accepted by the board of directors. Associate members shall include any other individual, firm, partnership, corporation or association engaged in the business of producing or dealing in apparatus, equipment, supplies or services used in the manufacturing, bottling or distribution of soft drinks or bottled water or other non-alcoholic beverages or in the manufacturing of syrup for use in soft drinks, whose application for membership as an association member has been accepted by the board of directors. Life members shall include any individual of acknowledged eminence in the soft drink industry, or one who has rendered particularly valuable service to the corporation or to the soft drink industry and whose eminence or service shall have inspired a majority vote of the voting members. Regular members and life members whose dues and special assessments for the current and all prior years have been paid shall be entitled to one vote at meetings of the members upon all questions. Associate members shall have no right to vote upon any question.

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

A final copy of the full form 990, including all applicable schedules, is providided to each memeber of the organizations governing body prior to filing with the irs.

Form 990, Part VI, Section B, Line 15

The organization does not have compensated officers or employees; therefore lines 15a and 15b do not apply and have been answered "no" in accordance with the form 990 instructions.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policies, and financial statements are not required disclosures pursuant to internal revenue code (irc) section 6104. These documents are not available to the public at this time.

Filing and Contact Details

Filer

Filer Name
Hoosier Beverage Association
EIN
35-1633559
Phone
3172370300
Address
300 NORTH MERIDIAN NO 2700, INDIANAPOLIS, IN 46204

Signing Officer

Name
Todd Marty
Title
Officer
Phone
3172370300
Signed
2020-04-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Todd Marty
Formed
1988
Legal Domicile
In
Voting Board Members
22
Independent Board Members
22
Employees
0
Volunteers
0

Preparer

Firm
Somerset Cpas Pc
Address
3925 RIVER CROSSING PKWY, INDIANAPOLIS, IN 46240
Preparer
Gerald R Horn CPA
Phone
3174722200
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11ST VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3IMMEDIATE PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
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IRS990/GrantsToOrganizationsInd00
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF HOOSIER BEVERAGE ASSOCIATION IS TO SERVE ITS MEMBERS BY PROVIDING LEADERSHIP PROGRAMS AND SERVICES TO ENHANCE THEIR ABILITY TO CONDUCT BUSINESS SUCCESSFULLY.
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IRS990/OtherExpensesGrp/Desc0STATE HOUSE MEETING EXP
IRS990/OtherExpensesGrp/Desc1TRAVEL EXPENSES:MEALS &
IRS990/OtherExpensesGrp/Desc2BUSINESS EXPENSES:DUES
IRS990/OtherExpensesGrp/Desc3OPERATIONS:POSTAGE & DE
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IRS990/OtherExpensesGrp/TotalAmt2580
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BY-LAWS SECTION 4.14: OTHER COMMITTEES. THE BOARD OF DIRECTORS, BY RESOLUTION ADOPTED BY A MAJORITY OF THE BOARD OF DIRECTORS, MAY CREATE, AND DESIGNATE THE MEMBERS OF, ONE OR MORE COMMITTEES, EACH OF WHICH SHALL CONSIST OF THREE (3) OR MORE DIRECTORS, WHICH COMMITTEES, TO THE EXTENT PROVIDED IN SAID RESOLUTION, SHALL HAVE AND EXCERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1HUTCH SCHUMAKER II, CRAIG SEVERNS, AND E.P. SEVERNS JR. - BUSINESS RELATIONSHIP CRAIG SEVERNS AND E.P. SEVERNS JR. - FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DELEGATES ALL MANAGEMENT AND ADMINISTRATIVE DUTIES TO FAEGRE BAKER DANIELS LLP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3HOOSIER BEVERAGE ASSOCIATION HAS THREE CLASSES OF MEMBERS WHICH INCLUDE (I) REGULAR MEMBERS, (II) ASSOCIATE MEMBERS, AND (III) LIFE MEMBERS. REGULAR MEMBERS SHALL INCLUDE ANY INDIVIDUAL, FIRM, PARTNERSHIP, ASSOCIATION, CORPORATION OR OTHER ENTITY ENGAGED IN THE MANUFACTURING, BOTTLING OR DISTRIBUTION OF SOFT DRINKS, BOTTLED WATER OR OTHER NON-ALCOHOLIC BEVERAGES OR THE MANUFACTURING OF SYRUP FOR USE IN SOFT DRINKS, WHOSE APPLICATION FOR MEMBERSHIP IN THE CORPORATION HAS BEEN ACCEPTED BY THE BOARD OF DIRECTORS. ASSOCIATE MEMBERS SHALL INCLUDE ANY OTHER INDIVIDUAL, FIRM, PARTNERSHIP, CORPORATION OR ASSOCIATION ENGAGED IN THE BUSINESS OF PRODUCING OR DEALING IN APPARATUS, EQUIPMENT, SUPPLIES OR SERVICES USED IN THE MANUFACTURING, BOTTLING OR DISTRIBUTION OF SOFT DRINKS OR BOTTLED WATER OR OTHER NON-ALCOHOLIC BEVERAGES OR IN THE MANUFACTURING OF SYRUP FOR USE IN SOFT DRINKS, WHOSE APPLICATION FOR MEMBERSHIP AS AN ASSOCIATION MEMBER HAS BEEN ACCEPTED BY THE BOARD OF DIRECTORS. LIFE MEMBERS SHALL INCLUDE ANY INDIVIDUAL OF ACKNOWLEDGED EMINENCE IN THE SOFT DRINK INDUSTRY, OR ONE WHO HAS RENDERED PARTICULARLY VALUABLE SERVICE TO THE CORPORATION OR TO THE SOFT DRINK INDUSTRY AND WHOSE EMINENCE OR SERVICE SHALL HAVE INSPIRED A MAJORITY VOTE OF THE VOTING MEMBERS. REGULAR MEMBERS AND LIFE MEMBERS WHOSE DUES AND SPECIAL ASSESSMENTS FOR THE CURRENT AND ALL PRIOR YEARS HAVE BEEN PAID SHALL BE ENTITLED TO ONE VOTE AT MEETINGS OF THE MEMBERS UPON ALL QUESTIONS. ASSOCIATE MEMBERS SHALL HAVE NO RIGHT TO VOTE UPON ANY QUESTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A FINAL COPY OF THE FULL FORM 990, INCLUDING ALL APPLICABLE SCHEDULES, IS PROVIDIDED TO EACH MEMEBER OF THE ORGANIZATIONS GOVERNING BODY PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DOES NOT HAVE COMPENSATED OFFICERS OR EMPLOYEES; THEREFORE LINES 15A AND 15B DO NOT APPLY AND HAVE BEEN ANSWERED "NO" IN ACCORDANCE WITH THE FORM 990 INSTRUCTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
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IRS990/USAddress/AddressLine1Txt0300 NORTH MERIDIAN NO 2700
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