Civic Intelligence

Passages Inc

EIN 35-6005617 • 501(c)3 • Columbia City, IN

Profile

The primary purpose of Passages, Inc. is to join with others to support people with intellectual and/or developmental disabilities to living, learning, working, and socializing in the community through the use of quality practices.

Refreshing map…

301 W Van Buren Street 201Columbia City, IN 46725

www.passagesinc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

10th percentile

0.00x

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

501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

73rd percentile

20%

Higher net margin than 73% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

74th percentile

$121,279

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

16th percentile

-16%

Faster revenue growth than 16% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Down

$0

Down $4,421,167 (-100%) from 2020

Liabilities

Down

$0

Down $1,055,844 (-100%) from 2020

Net Assets

Down

$0

Down $3,365,323 (-100%) from 2020

Revenue

Down

$4,886,280

Down $955,299 (-16%) from 2020

Expenses

Down

$3,924,233

Down $2,148,488 (-35%) from 2020

Net Income

Up

$962,047

Up $1,193,189 (+516%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $3,123,841Liabilities 2010: $505,329Net Assets 2010: $2,618,5122010Assets 2011: $2,994,822Liabilities 2011: $459,195Net Assets 2011: $2,535,6272011Assets 2012: $3,463,663Liabilities 2012: $546,529Net Assets 2012: $2,917,1342012Assets 2013: $3,651,504Liabilities 2013: $436,049Net Assets 2013: $3,215,4552013Assets 2014: $4,019,539Liabilities 2014: $477,623Net Assets 2014: $3,541,9162014Assets 2015: $3,823,765Liabilities 2015: $472,305Net Assets 2015: $3,351,4602015Assets 2016: $3,786,232Liabilities 2016: $363,851Net Assets 2016: $3,422,3812016Assets 2017: $3,916,687Liabilities 2017: $333,109Net Assets 2017: $3,583,5782017Assets 2018: $3,821,386Liabilities 2018: $322,747Net Assets 2018: $3,498,6392018Assets 2020: $4,421,167Liabilities 2020: $1,055,844Net Assets 2020: $3,365,3232020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $4,841,8092010Expenses 2011: $4,328,9062011Expenses 2012: $4,608,4012012Expenses 2013: $5,163,6192013Revenue 2014: $5,835,419Expenses 2014: $5,580,373Net Income 2014: $255,0462014Revenue 2015: $5,231,013Expenses 2015: $5,393,436Net Income 2015: -$162,4232015Revenue 2016: $5,231,140Expenses 2016: $5,110,669Net Income 2016: $120,4712016Revenue 2017: $5,432,033Expenses 2017: $5,320,457Net Income 2017: $111,5762017Revenue 2018: $5,510,101Expenses 2018: $5,604,869Net Income 2018: -$94,7682018Revenue 2020: $5,841,579Expenses 2020: $6,072,721Net Income 2020: -$231,1422020Revenue 2021: $4,886,280Expenses 2021: $3,924,233Net Income 2021: $962,0472021

Highlighted filing

2021

Revenue$4,886,280
Expenses$3,924,233
Net Income$962,047

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Feb 28, 2021
Signed
Jan 14, 2022
Return Version
2020v4.0
Gross Receipts
$5,362,586
Mission and Program Overview

Mission

The primary purpose of Passages, Inc. is to join with others to support people with intellectual and/or developmental disabilities to living, learning, working, and socializing in the community through the use of quality practices.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,648,795$0▼ $1,648,795
Savings and Temporary Cash Investments$1,259,374--
Investments in Publicly Traded Securities$1,001,253--
Accounts Receivable$450,573--
Prepaid Expenses and Deferred Charges$49,085--
Cash and Non-Interest-Bearing Accounts$12,087--
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$4,421,167$0▼ $4,421,167
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$797,415$0▼ $797,415
Accounts Payable and Accrued Expenses$244,363--
Deferred Revenue$14,066--
Other Liabilities$0$0→ $0
Total Liabilities$1,055,844$0▼ $1,055,844
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,365,323--
Total Net Assets Fund Balance$3,365,323$0▼ $3,365,323
Total Liabilities and Net Assets / Fund Balance$4,421,167$0▼ $4,421,167

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$1,001,253$9,770▲ $208,429-$1,219,452
2019$948,620$32,303▲ $20,330-$1,001,253
2018$891,497$41,835▲ $15,288-$948,620
2017$814,003$53,707▲ $23,787-$891,497
2016$714,409$37,859▲ $61,735-$814,003
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-President, CEOFT$117,712$3,567$121,279
-CFOFT$74,765$12,503$87,268

Board Members and Trustees

NameTitle
-Chair
-Immediate Past Chair
-Vice Chair
-Board Member
-Board Member- partial year
-Board Memeber
-Secretary
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,279,184
Program Service Revenue
$3,536,437
Investment Income
$-3,405
Other Revenue
$74,064
All Other Contributions
$502,180
Change in Net Assets
$962,047

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,886,280
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$165,222
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$5,051,502
Total Revenue per Form 990
$4,886,280
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,073,376
Other Expenses$850,857
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,966,423$371,795-$2,338,218
Other Employee Benefits$246,830$92,052-$338,882
Payroll Taxes$170,044$50,674-$220,718
Current Officers, Directors, Trustees, and Key Employees-$140,055$0$140,055
Depreciation Depletion$124,459$12,860-$137,319
Occupancy$100,631$15,694-$116,325
All Other Expenses$27,236$56,966$0$84,202
Fees for Services Accounting$7,500$43,706-$51,206
Pension Plan Contributions$31,943$3,560-$35,503
Insurance$356$32,394-$32,750
Travel$29,306$2,211-$31,517
Information Technology$24,311$5,454-$29,765
Royalties$10,027$11,190-$21,217
Advertising$5,759$4,988-$10,747
Other Expenses$9,591$140-$9,731
Interest$2,113$744-$2,857
Fees for Services Legal$0$576-$576
Total Functional Expenses$2,976,750$947,483$0$3,924,233

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,962,316
Expenses per Audited Statements$3,924,233
Total Expenses per Form 990$3,924,233
Expenses Not Reported on Form 990$38,083
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
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
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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 1A Delegate broad authority to A committee

The Executive Committee shall consist of the chairperson, vice-chairperson, treasurer, and secretary of the Board of Directors and one at large member selected from the Board of Directors. The Executive Committee shall exercise all powers of the Board of Directors between meetings.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The form 990 is reviewed by the President and COO. In addition, a copy of the Form 990 is provided to every member of the governing body before it is filed.

Form 990, Part VI, Line 12C Conflict of interest policy

All officers and directors are required annually to sign a conflict of interest statement listing any potential or existing conflicts of interest. The signed conflict of interest statements are reviewed by the President who then gives them to the administrative coordinator to file. If any conflicts of interest are disclosed, they are reported to the board president. Any board member with an actual or potential conflict of interest will abstain from voting on decisions related to the conflict of interest.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

The compensation of the President is determined by the organization's board of directors. The board uses comparability data to ensure compensation is reasonable. The process and decision are documented in the board minutes. This process was last undertaken in 2020.

Form 990, Part VI, Line 19 Required documents available to the public

Financial statements, governing documents, and conflict of interest policies 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
Passages Inc
EIN
35-6005617
Phone
2602447688
Address
301 W Van Buren Street 201, Columbia City, IN 46725

Signing Officer

Name
Jason Meyer
Title
President, CEO
Signed
2022-01-14
Discuss with paid preparer
Yes

Organization Details

Formed
1954
Legal Domicile
In
Voting Board Members
13
Independent Board Members
13
Employees
187
Volunteers
17

Preparer

Firm
Crowe Llp
Address
135 N Pennsylvania Street Suite 200, Indianapolis, IN 46204-2407
Preparer
Kim Scifres
Phone
3176321100
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 112,511 including grants of $)(Revenue $ 122,059) THE ORGANIZATION'S CLIENTS PERFORM JANITORIAL SERVICES AT REST AREAS, WHICH PROVIDES JOB TRAINING AND EMPLOYMENT OPPORTUNITIES FOR PEOPLE WITH CHALLENGES AND/OR DISABILITIES.

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Transfer of Assets to Easterseals Arc of NW IN - 501(C)3 - -4454509;

Financial Statement Notes

Schedule D, Part V, Line 4 Intended uses of endowment funds

The endowment funds are intended to support the operations and programs of Passages, Inc.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The Organization has been granted exemption from taxation as a not-for-profit organization under Section 501(c)(3) of the U.S. Internal Revenue Code. Accordingly, no expense has been recognized for income taxes in the accompanying financial statements. A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit is recorded. No effect occurred on the Organization's financial statements. Due to its tax-exempt status, the Organization is not subject to the U.S. federal income tax or state income tax. The organization's Form 990 has not been subject to examination by the Internal Revenue Service or the state of Indiana for the last three years. The Organization does not expect that the total amount of unrecognized tax benefits to significantly change in the next 12 months. The Organization recognizes interest and/or penalties related to income tax matters in income tax expense. The Organization did not have any amounts accrued for interest and penalties at February 28, 2021 and June 30, 2020.

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

RENTAL EXPENSE - 38083

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

Rental Expense - 38083

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IRS990/ProgSrvcAccomActy3Grp/Desc0CLC TRAINING IS DESIGNED TO HELP INDIVIDUALS WITH DISABILITIES WITH PERSONAL DEVELOPMENT AND SKILLS. THE GOAL IS TO HELP INDIVIDUALS REACH A GREATER LEVEL OF PERSONAL INDEPENDENCE WHILE ACHIEVING COMMUNICATION AND SOCIAL SKILLS. 94 INDIVIDUALS WERE SERVED THROUGHOUT THE YEAR.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE ORGANIZATION'S CLIENTS PERFORM JANITORIAL SERVICES AT REST AREAS, WHICH PROVIDES JOB TRAINING AND EMPLOYMENT OPPORTUNITIES FOR PEOPLE WITH CHALLENGES AND/OR DISABILITIES.
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