Civic Intelligence

Renew Moline Inc.

990 • Fiscal year 2020 • EIN 36-3669419

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 23, 2021

1506 River DrMoline, IL 61265

(309) 762-9190

Siviq Scores

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

Liabilities / Assets

34th percentile

0.03x

Higher debt load relative to assets than 34% of similar nonprofits.

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

Liabilities / Revenue

37th percentile

0.07x

Higher debt load relative to revenue than 37% of similar nonprofits.

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

Net Margin

64th percentile

13%

Higher net margin than 64% of similar nonprofits.

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

Top Officer Pay

74th percentile

$112,407

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 26.7% of source-year revenue.

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

Asset Growth

33rd percentile

0.2%

Faster asset growth than 33% of similar nonprofits.

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

Revenue Growth

76th percentile

22%

Faster revenue growth than 76% of similar nonprofits.

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

Assets

Up

$1,029,505

Up $143,544 (+16%) from 2018

Net Assets

Up

$1,001,710

Up $128,141 (+15%) from 2018

Liabilities

Up

$27,795

Up $15,403 (+124%) from 2018

Revenue

Up

$421,757

Up $127,312 (+43%) from 2018

Expenses

Up

$367,566

Up $111,574 (+44%) from 2018

Net Income

Up

$54,191

Up $15,738 (+41%) from 2018

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,029,774Liabilities 2010: $22,605Net Assets 2010: $1,007,1692010Assets 2011: $922,785Liabilities 2011: $165,620Net Assets 2011: $757,1652011Assets 2013: $733,560Liabilities 2013: $18,451Net Assets 2013: $715,1092013Assets 2014: $823,267Liabilities 2014: $12,794Net Assets 2014: $810,4732014Assets 2015: $856,895Liabilities 2015: $7,688Net Assets 2015: $849,2072015Assets 2016: $873,097Liabilities 2016: $12,717Net Assets 2016: $860,3802016Assets 2018: $885,961Liabilities 2018: $12,392Net Assets 2018: $873,5692018Assets 2020: $1,029,505Liabilities 2020: $27,795Net Assets 2020: $1,001,7102020Assets 2022: $1,743,097Liabilities 2022: $87,381Net Assets 2022: $1,655,7162022Assets 2024: $1,389,722Liabilities 2024: $46,190Net Assets 2024: $1,343,5322024

Highlighted filing

2020

Assets$1,029,505
Liabilities$27,795
Net Assets$1,001,710

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,151,0542010Expenses 2011: $1,151,1372011Revenue 2013: $451,736Expenses 2013: $460,474Net Income 2013: -$8,7382013Revenue 2014: $390,536Expenses 2014: $295,172Net Income 2014: $95,3642014Revenue 2015: $325,326Expenses 2015: $286,592Net Income 2015: $38,7342015Revenue 2016: $298,099Expenses 2016: $286,926Net Income 2016: $11,1732016Revenue 2018: $294,445Expenses 2018: $255,992Net Income 2018: $38,4532018Revenue 2020: $421,757Expenses 2020: $367,566Net Income 2020: $54,1912020Revenue 2022: $1,085,277Expenses 2022: $418,484Net Income 2022: $666,7932022Revenue 2024: $385,922Expenses 2024: $717,621Net Income 2024: -$331,6992024

Highlighted filing

2020

Revenue$421,757
Expenses$367,566
Net Income$54,191
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 23, 2021
Return Version
2020v4.1
Gross Receipts
$421,757
Mission and Program Overview

Mission

Renew moline, inc is dedicated to facilitating and managing economic development projects and redevelopment activities within the city of moline. It is committed to increasing employment, retaining jobs, enhancing the tax base and making visual and aesthetic improvements.

Renew moline, inc is dedicated to facilitating and supporting economic development in moline. It is committed to increasing employment, retaining jobs, enhancing the tax base and making visual and aesthetic improvements.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$531,400$540,784▲ $9,384
Cash and Non-Interest-Bearing Accounts$301,781$298,616▼ $3,165
Land, Buildings, and Equipment, Net$142,479$135,500▼ $6,979
Accounts Receivable$50,000$50,000→ $0
Prepaid Expenses and Deferred Charges$1,749$4,605▲ $2,856
Total Assets$1,027,409$1,029,505▲ $2,096
Liabilities
Accounts Payable and Accrued Expenses$14,890$14,495▼ $395
Deferred Revenue$65,000$13,300▼ $51,700
Total Liabilities$79,890$27,795▼ $52,095
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$947,519$1,001,710▲ $54,191
Total Net Assets Fund Balance$947,519$1,001,710▲ $54,191
Total Liabilities and Net Assets / Fund Balance$1,027,409$1,029,505▲ $2,096

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$135,500$127,803$263,303
Equipment$0$9,455$9,455
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alexandra EliasExecutive DirectorFT$104,701$7,706$112,407

Board Members and Trustees

NameTitle
CARRIE O'NEILLBoard Chair
Daniel DalyVice Chair
Andy WaeyaertDirector
Chris OntiverosDirector
Dr Kristi MindrupDirector
Gerald ButtsDirector
Hunt HarrisDirector
Jason FarkDirector
Jeff NelsonDirector
Jeffrey DismerDirector
Jim KieseyDirector
John a Slover JrDirector
Kelly YoungDirector
Kevin BelkDirector
Lindsey RamosDirector
Mark EvansDirector
Paul FoleyDirector
Paul PlagenzDirector
Rick MahoneyDirector
Tammy PauwelsDirector
Theresa MainDirector
Greg DerrickOfficer
Greg TheisOfficer
Jerry LackOfficer
Mike EllisOfficer
Stephanie AcriOfficer
Cory SatterfieldSecretary
Adam JuddTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$383,400
Program Service Revenue
$0
Investment Income
$10,805
Other Revenue
$27,552
All Other Contributions
$308,400
Change in Net Assets
$54,191

Audited Revenue Reconciliation

Revenue per Audited Statements
$421,757
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$421,757
Total Revenue per Form 990
$421,757
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$186,793
Salaries, Compensation, and Employee Benefits$180,773
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$93,298$19,109-$112,407
Other Salaries and Wages$40,153$8,224-$48,377
Occupancy-$14,417-$14,417
Fees for Services Accounting-$13,600-$13,600
Payroll Taxes$9,854$2,018-$11,872
Other Employee Benefits$6,737$1,380-$8,117
Depreciation Depletion-$6,979-$6,979
Insurance-$5,280-$5,280
All Other Expenses-$4,492-$4,492
Other Expenses$3,885$3,656-$3,656
Office Expenses$1,001$1,835-$2,836
Information Technology-$2,475-$2,475
Advertising-$1,205-$1,205
Total Functional Expenses$268,012$99,554$0$367,566

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$367,566
Total Expenses per Audited Statements$367,566
Total Expenses per Form 990$367,566
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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, Section B, Line 11B

A copy is reviewed by the ceo/president and the treasurer. Also, the organization provided electronic copies to the entire board.

Form 990, Part VI, Section B, Line 12C

The organization regularly and consistently monitors and enforces compliance with the policy by periodically having the directors disclose potential conflicts

Form 990, Part VI, Section B, Line 15

The compensation of the ceo/president is set by the executive committee after consulting with independent organizations with expertise on the salary for this position. Performance and compensation are evaluated annually.

Form 990, Part VI, Section C, Line 19

The organization makes its conflict of interest policies, financial statements, and governing documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Renew Moline Inc
EIN
36-3669419
Phone
3097629190
Address
1506 RIVER DR, MOLINE, IL 61265

Signing Officer

Name
Alexandra Elias
Title
CEO/president
Phone
3097629190
Signed
2021-07-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alexandra Elias
Formed
1988
Legal Domicile
Il
Voting Board Members
25
Independent Board Members
25
Employees
2
Volunteers
30

Preparer

Firm
Carpentier Mitchell Goddard & Co LLC
Address
4915 21ST AVENUE A, MOLINE, IL 61265
Preparer
James E Taylor
Phone
3097623626
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IRS990/ActivityOrMissionDesc0RENEW MOLINE, INC IS DEDICATED TO FACILITATING AND SUPPORTING ECONOMIC DEVELOPMENT IN MOLINE. IT IS COMMITTED TO INCREASING EMPLOYMENT, RETAINING JOBS, ENHANCING THE TAX BASE AND MAKING VISUAL AND AESTHETIC IMPROVEMENTS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
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