Civic Intelligence

Wawasee Area Conservancy Foundation Inc.

990 • Fiscal year 2017 • EIN 35-1832807

Jan 01, 2017 to Dec 31, 2017 • Filed on May 03, 2018

PO Box 548Syracuse, IN 46567

(574) 457-4549

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.11x

Higher debt load relative to assets than 43% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

80th percentile

0.88x

Higher debt load relative to revenue than 80% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

92nd percentile

54%

Higher net margin than 92% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

70th percentile

11%

Faster asset growth than 70% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

69th percentile

14%

Faster revenue growth than 69% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$6,260,685

Up $625,895 (+11%) from 2016

Net Assets

Up

$5,560,259

Up $433,104 (+8.4%) from 2016

Liabilities

Up

$700,426

Up $192,791 (+38%) from 2016

Revenue

Up

$797,926

Up $99,720 (+14%) from 2016

Expenses

Up

$364,822

Up $57,400 (+19%) from 2016

Net Income

Up

$433,104

Up $42,320 (+11%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $3,882,948Liabilities 2010: $179,915Net Assets 2010: $3,703,0332010Assets 2011: $3,934,745Liabilities 2011: $259,134Net Assets 2011: $3,675,6112011Assets 2012: $4,306,571Liabilities 2012: $674,375Net Assets 2012: $3,632,1962012Assets 2013: $4,933,010Liabilities 2013: $668,961Net Assets 2013: $4,264,0492013Assets 2014: $4,744,364Liabilities 2014: $293,056Net Assets 2014: $4,451,3082014Assets 2015: $4,898,246Liabilities 2015: $161,875Net Assets 2015: $4,736,3712015Assets 2016: $5,634,790Liabilities 2016: $507,635Net Assets 2016: $5,127,1552016Assets 2017: $6,260,685Liabilities 2017: $700,426Net Assets 2017: $5,560,2592017Assets 2018: $6,871,658Liabilities 2018: $1,240,377Net Assets 2018: $5,631,2812018Assets 2019: $6,934,388Liabilities 2019: $1,213,523Net Assets 2019: $5,720,8652019Assets 2021: $8,376,345Liabilities 2021: $1,295,623Net Assets 2021: $7,080,7222021Assets 2024: $10,281,972Liabilities 2024: $1,117,183Net Assets 2024: $9,164,7892024

Highlighted filing

2017

Assets$6,260,685
Liabilities$700,426
Net Assets$5,560,259

Operations Trend

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

$1.5M$1.0M$500K$0Expenses 2010: $236,0672010Expenses 2011: $226,4332011Expenses 2012: $337,9452012Revenue 2013: $902,103Expenses 2013: $270,250Net Income 2013: $631,8532013Revenue 2014: $461,747Expenses 2014: $274,488Net Income 2014: $187,2592014Revenue 2015: $577,494Expenses 2015: $292,431Net Income 2015: $285,0632015Revenue 2016: $698,206Expenses 2016: $307,422Net Income 2016: $390,7842016Revenue 2017: $797,926Expenses 2017: $364,822Net Income 2017: $433,1042017Revenue 2018: $363,749Expenses 2018: $292,727Net Income 2018: $71,0222018Revenue 2019: $690,105Expenses 2019: $600,521Net Income 2019: $89,5842019Revenue 2021: $1,070,182Expenses 2021: $550,871Net Income 2021: $519,3112021Revenue 2024: $1,122,542Expenses 2024: $839,785Net Income 2024: $282,7572024

Highlighted filing

2017

Revenue$797,926
Expenses$364,822
Net Income$433,104
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 3, 2018
Return Version
2017v2.3
Gross Receipts
$797,926
Mission and Program Overview

Mission

Preserve and enhance the wawasee watershed

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,289,241$5,561,599▲ $272,358
Cash and Non-Interest-Bearing Accounts$22,038$219,087▲ $197,049
Savings and Temporary Cash Investments$6,104$6,106▲ $2
Prepaid Expenses and Deferred Charges$3,514--
Total Assets$5,634,790$6,260,685▲ $625,895
Other Assets Total$313,893$473,893▲ $160,000
Liabilities
Unsecured Notes Loans Payable$502,919$700,426▲ $197,507
Other Liabilities$4,716--
Total Liabilities$507,635$700,426▲ $192,791
Net Assets / Fund Balance
Unrestricted Net Assets$5,127,155$5,560,259▲ $433,104
Total Net Assets Fund Balance$5,127,155$5,560,259▲ $433,104
Total Liabilities and Net Assets / Fund Balance$5,634,790$6,260,685▲ $625,895

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,561,599$130,399-
Other Assets Org$113,893--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joan SzynalChairman
Doug YoderVice Chairma
Bart CulverDirector
Beth MorrisDirector
Catherine HoffmanDirector
Chris RobertsDirector
Daniel BerkeyDirector
David BrandesDirector
Jane FinchDirector
Jay JorgensenDirector
Larry BaumgartnerDirector
Pam SchummDirector
Robert FanningDirector
Ronald BaumgartnerDirector
Russell AndersonDirector
Sam LemanDirector
Sherry SwankDirector
Terry ClapacsDirector
William HerdrichDirector
William HessDirector
Judy ShoemakerDevelopment
Heather HarwoodExecutive Di
Jeff HerdrichLand Mgmt of
Donn BairdTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$776,577
Program Service Revenue
$0
Investment Income
$13
Other Revenue
$21,336
All Other Contributions
$742,498
Change in Net Assets
$433,104
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$364,822
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$34,328$22,257-$56,585
All Other Expenses$28,348$21,177-$49,525
Office Expenses$10,492$16,962-$27,454
Interest$19,148--$19,148
Other Expenses$17,705$24,806-$17,705
Depreciation Depletion-$16,473-$16,473
Advertising$5,733$10,304-$16,037
Insurance-$9,321-$9,321
Fees for Services Accounting-$2,733-$2,733
Conferences and Meetings$258$918-$1,176
Travel-$488-$488
Total Functional Expenses$184,433$180,389$0$364,822
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
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, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 12C

Conflict of interest is self monitored and if any is noted it is discussed and resolved at the board meetings

Form 990, Page 6, Part VI, Line 19

Organization documents have to be made available upon request. A reasonable copy charge may be assessed.

Filing and Contact Details

Filer

Filer Name
Wawasee Area Conservancy Foundation
EIN
35-1832807
Address
PO BOX 548, SYRACUSE, IN 46567

Signing Officer

Name
Heather Harwood
Title
Executive Director
Signed
2018-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Heather Harwood
Formed
1991
Legal Domicile
In
Voting Board Members
21
Independent Board Members
21
Employees
0

Preparer

Firm
David Culp & Co Llp
Address
7321 W JEFFERSON BLVD, FT WAYNE, IN 46804
Preparer
Daniel L Braun Ea
Phone
2604327033
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Water testing 12,100 0 0 supplies 6,329 3,594 0 between the lakes 6,962 0 0 equipment maintenance 2,915 2,358 0 miscellaneous 5 3,886 0 internet services 0 3,197 0 property taxes 0 3,086 0 dues and subscriptions 0 2,106 0 bank charges 0 1,824 0 telephone 0 1,126 0 village lake project 37 0 0 total 28,348 21,177 0

Form 990, Part XI, Line 9

Book / tax depreciation difference 16,473

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IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PRESERVE AND ENHANCE THE WAWASEE WATERSHED
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt05127155
IRS990/NetAssetsOrFundBalancesEOYAmt05560259
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt016962
IRS990/OfficeExpensesGrp/ProgramServicesAmt010492
IRS990/OfficeExpensesGrp/TotalAmt027454
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0313893
IRS990/OtherAssetsTotalGrp/EOYAmt0473893
IRS990/OtherExpensesGrp/Desc0OUTSIDE ADMIN SERVICES
IRS990/OtherExpensesGrp/Desc1PROPERTY MAINTENANCE
IRS990/OtherExpensesGrp/Desc2TURKEY CREEK BANK DESIGN
IRS990/OtherExpensesGrp/Desc3AQUATIC WEED TREATMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt054950
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt124806
IRS990/OtherExpensesGrp/ProgramServicesAmt030000
IRS990/OtherExpensesGrp/ProgramServicesAmt115221
IRS990/OtherExpensesGrp/ProgramServicesAmt223200
IRS990/OtherExpensesGrp/ProgramServicesAmt317705
IRS990/OtherExpensesGrp/TotalAmt084950
IRS990/OtherExpensesGrp/TotalAmt140027
IRS990/OtherExpensesGrp/TotalAmt223200
IRS990/OtherExpensesGrp/TotalAmt317705
IRS990/OtherLiabilitiesGrp/BOYAmt04716
IRS990/OtherRevenueMiscGrp/Desc0PROMOTIONAL ITEMS
IRS990/OtherRevenueMiscGrp/ExclusionAmt021336
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt021336
IRS990/OtherRevenueTotalAmt021336
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03514
IRS990/PrincipalOfficerNm0HEATHER HARWOOD
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0692200
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt012
IRS990/PYOtherExpensesAmt0307422
IRS990/PYOtherRevenueAmt05994
IRS990/PYRevenuesLessExpensesAmt0390784
IRS990/PYTotalExpensesAmt0307422
IRS990/PYTotalRevenueAmt0698206
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0433104
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06104
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06106
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0776577
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0692200
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0570622
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0456887
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0894605
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03390891
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt013
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt012
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0140
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0141
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0306
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt021336
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt05994
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt06872
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt04720
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt07357
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt046279
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt013
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt012
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0140
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0141
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0306
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct00.99840
IRS990ScheduleA/PublicSupportTotal509Amt03437170
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0797913
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0698194
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0577494
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0461607
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0901962
IRS990ScheduleA/Total509Grp/TotalAmt03437170
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0797926
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0698206
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0577494
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0461747
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0902103
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03437476
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0360000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1113893
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0KOSCIUSKO CO COMMUNITY FDTN
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DAVIDSON RESTRICTIVE COVENANT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05561599
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0130399
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt05691998
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05561599
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0473893
IRS990ScheduleD/WrittenPolicyMonitoringInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST IS SELF MONITORED AND IF ANY IS NOTED IT IS DISCUSSED AND RESOLVED AT THE BOARD MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION DOCUMENTS HAVE TO BE MADE AVAILABLE UPON REQUEST. A REASONABLE COPY CHARGE MAY BE ASSESSED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WATER TESTING 12,100 0 0 SUPPLIES 6,329 3,594 0 BETWEEN THE LAKES 6,962 0 0 EQUIPMENT MAINTENANCE 2,915 2,358 0 MISCELLANEOUS 5 3,886 0 INTERNET SERVICES 0 3,197 0 PROPERTY TAXES 0 3,086 0 DUES AND SUBSCRIPTIONS 0 2,106 0 BANK CHARGES 0 1,824 0 TELEPHONE 0 1,126 0 VILLAGE LAKE PROJECT 37 0 0 TOTAL 28,348 21,177 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOOK / TAX DEPRECIATION DIFFERENCE 16,473
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05634790
IRS990/TotalAssetsEOYAmt06260685
IRS990/TotalAssetsGrp/BOYAmt05634790
IRS990/TotalAssetsGrp/EOYAmt06260685

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.3$1.12$9.16$1.12$0.84$0.28
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.38$1.30$7.08$1.07$0.55$0.52
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.93$1.21$5.72$0.69$0.60$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.87$1.24$5.63$0.36$0.29$0.07
2017Detailed filing. Detailed filing data is available for this year.$6.26$0.70$5.56$0.80$0.36$0.43
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.63$0.51$5.13$0.70$0.31$0.39
2015Detailed filing. Detailed filing data is available for this year.$4.90$0.16$4.74$0.58$0.29$0.29
2014Detailed filing. Detailed filing data is available for this year.$4.74$0.29$4.45$0.46$0.27$0.19
2013Detailed filing. Detailed filing data is available for this year.$4.93$0.67$4.26$0.90$0.27$0.63
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.31$0.67$3.63$0.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.93$0.26$3.68$0.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.88$0.18$3.70$0.24