Civic Intelligence

Revitalize & Develop East Moline Inc

990 • Fiscal year 2015 • EIN 36-3815927

Jan 01, 2015 to Dec 31, 2015 • Filed on Jun 17, 2016

1523 8th StreetEast Moline, IL 61244

(309) 755-8751

Siviq Scores

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

Liabilities / Assets

18th percentile

0.00x

Higher debt load relative to assets than 18% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

21st percentile

0.01x

Higher debt load relative to revenue than 21% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

82nd percentile

25%

Higher net margin than 82% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

56th percentile

$75,000

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 34.3% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

63rd percentile

4.6%

Faster asset growth than 63% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

65th percentile

11%

Faster revenue growth than 65% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,249,995

Up $55,434 (+4.6%) from 2014

Net Assets

Up

$1,247,479

Up $54,985 (+4.6%) from 2014

Liabilities

Up

$2,516

Up $449 (+22%) from 2014

Revenue

Up

$218,863

Up $20,965 (+11%) from 2014

Expenses

Up

$163,878

Up $28,873 (+21%) from 2014

Net Income

Down

$54,985

Down $7,908 (-13%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2012: $1,028,591Liabilities 2012: $2,007Net Assets 2012: $1,026,5842012Assets 2013: $1,131,601Liabilities 2013: $2,000Net Assets 2013: $1,129,6012013Assets 2014: $1,194,561Liabilities 2014: $2,067Net Assets 2014: $1,192,4942014Assets 2015: $1,249,995Liabilities 2015: $2,516Net Assets 2015: $1,247,4792015Assets 2016: $1,277,871Liabilities 2016: $2,516Net Assets 2016: $1,275,3552016Assets 2017: $1,253,027Liabilities 2017: $2,826Net Assets 2017: $1,250,2012017Assets 2018: $1,303,161Liabilities 2018: $2,096Net Assets 2018: $1,301,0652018Assets 2019: $1,348,749Liabilities 2019: $2,462Net Assets 2019: $1,346,2872019Assets 2020: $1,344,073Liabilities 2020: $2,396Net Assets 2020: $1,341,6772020Assets 2021: $1,352,953Liabilities 2021: $2,396Net Assets 2021: $1,350,5572021Assets 2022: $1,284,308Liabilities 2022: $2,396Net Assets 2022: $1,281,9122022Assets 2023: $954,225Liabilities 2023: $3,149Net Assets 2023: $951,0762023Assets 2024: $887,857Liabilities 2024: $3,589Net Assets 2024: $884,2682024

Highlighted filing

2015

Assets$1,249,995
Liabilities$2,516
Net Assets$1,247,479

Operations Trend

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

$400K$200K$0-$200K-$400KExpenses 2012: $113,9062012Revenue 2013: $237,104Expenses 2013: $134,087Net Income 2013: $103,0172013Revenue 2014: $197,898Expenses 2014: $135,005Net Income 2014: $62,8932014Revenue 2015: $218,863Expenses 2015: $163,878Net Income 2015: $54,9852015Revenue 2016: $196,263Expenses 2016: $168,387Net Income 2016: $27,8762016Revenue 2017: $190,281Expenses 2017: $215,435Net Income 2017: -$25,1542017Revenue 2018: $218,355Expenses 2018: $167,491Net Income 2018: $50,8642018Revenue 2019: $202,349Expenses 2019: $157,127Net Income 2019: $45,2222019Revenue 2020: $154,780Expenses 2020: $159,390Net Income 2020: -$4,6102020Revenue 2021: $194,641Expenses 2021: $185,761Net Income 2021: $8,8802021Revenue 2022: $110,030Expenses 2022: $178,675Net Income 2022: -$68,6452022Revenue 2023: -$156,710Expenses 2023: $174,126Net Income 2023: -$330,8362023Revenue 2024: $82,233Expenses 2024: $149,041Net Income 2024: -$66,8082024

Highlighted filing

2015

Revenue$218,863
Expenses$163,878
Net Income$54,985
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jun 17, 2016
Return Version
2015v2.1
Gross Receipts
$218,863
Mission and Program Overview

Mission

To promote commercial, industrial, and recreational development that enhances both the tax base and the quality of life in east moline; provide financial assistance to and encourage businesses to locate in identified project areas; target businesses which will provide training for unemployed or underemployed individuals and secure unsafe properties in economically depressed areas; and offer sites on favorable terms to new or existing businesses.

To promote commercial, industrial and recreational development that enhances both the tax base and the quality of life in east moline; provide financial assistance to and encourage businesses to locate in identified project areas; target businesses which will provide training for unemployed or underemployed individuals and secure unsafe properties in economically depressed areas; and offfer sites on favorable terms to new or existing businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$770,498$800,050▲ $29,552
Land, Buildings, and Equipment, Net$413,895$413,895→ $0
Cash and Non-Interest-Bearing Accounts$10,168$36,050▲ $25,882
Total Assets$1,194,561$1,249,995▲ $55,434
Liabilities
Accounts Payable and Accrued Expenses$2,067$2,516▲ $449
Total Liabilities$2,067$2,516▲ $449
Net Assets / Fund Balance
Unrestricted Net Assets$1,192,494$1,247,479▲ $54,985
Total Net Assets Fund Balance$1,192,494$1,247,479▲ $54,985
Total Liabilities and Net Assets / Fund Balance$1,194,561$1,249,995▲ $55,434

Asset Categories

AssetBook ValueDepreciationBasis
Land$413,895--
Equipment$0$4,691-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tim KnanishuExecutive Vice PresidentPT$75,000$75,000

Board Members and Trustees

NameTitle
Terry BrahmPast President
Jay MorrowPresident
Kurt DonnellySecretary and Vice President
Carl Freeman JrDirector
Dr Bettie TruitDirector
Greg TheisDirector
Jennifer GarrityDirector
Larry AndersonDirector
Robert BaeckeDirector
Tadd GriffithDirector
Terry WestbrookDirector
Nancy GreerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$129,300
Program Service Revenue
$0
Investment Income
$1,990
Other Revenue
$87,573
All Other Contributions
$129,300
Change in Net Assets
$54,985

Audited Revenue Reconciliation

Revenue per Audited Statements
$218,863
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$218,863
Total Revenue per Form 990
$218,863
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$83,140
Salaries, Compensation, and Employee Benefits$80,738
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-$75,000-$75,000
Payroll Taxes-$5,738-$5,738
Insurance-$4,260-$4,260
Fees for Services Accounting-$3,925-$3,925
Other Expenses$2,766--$2,766
Office Expenses-$2,702-$2,702
All Other Expenses-$2,526-$2,526
Fees for Services Legal-$540-$540
Travel-$379-$379
Total Functional Expenses$68,808$95,070$0$163,878

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$163,878
Total Expenses per Audited Statements$163,878
Total Expenses per Form 990$163,878
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 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, Section A, Line 6

MEMBERS

Form 990, Part VI, Section B, Line 11

Reviewed by the audit committee and then reviewed by the entire board.

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

Discussed at board meeting and then reviewed by executive committee.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Revitalize & Develop East Moline Inc
EIN
36-3815927
Phone
3097558751
Address
1523 8TH STREET, EAST MOLINE, IL 61244

Signing Officer

Name
Tim Knanishu
Title
Executive Vice President
Phone
3097558751
Signed
2016-06-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Knanishu
Formed
1991
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
12
Employees
1
Volunteers
0

Preparer

Firm
Carpentier Mitchell Goddard & Co LLC
Address
4915 21ST AVENUE A, MOLINE, IL 61265
Preparer
James E Taylor
Phone
3097623626
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

Process has not changed from prior year.

Raw XML AppendixShowing 400 of 420 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgSrvcAccomActy3Grp/Desc0FOUNTAINHEAD PROJECT-CONSTRUCT FACILITIES ALONG THE MISSISSIPPI RIVER FRONT THAT WILL INCLUDE PARK SPACE, RETAIL AND COMMERICAL AREAS AND LUXURY APARTMENT.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt06684
IRS990/ProgSrvcAccomActyOtherGrp/Desc0STORM WATER UTILITY FEE
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt02766
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0110300
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01955
IRS990/PYOtherExpensesAmt061803
IRS990/PYOtherRevenueAmt085643
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt062893
IRS990/PYSalariesCompEmpBnftPaidAmt073202
IRS990/PYTotalExpensesAmt0135005
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0197898
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt054985
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0770498
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0800050
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0129300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0110300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0116000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt092300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0121500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0569400
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01990
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01955
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01822
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01737
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01762
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt09266
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0466601
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98400
IRS990ScheduleA/PublicSupportPY170Pct00.97610
IRS990ScheduleA/PublicSupportTotal170Amt0569400
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0129300
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0110300
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0116000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt092300
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0121500
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0569400
IRS990ScheduleA/TotalSupportAmt0578666
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04691
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt04691
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0163878
IRS990ScheduleD/LandGrp/BookValueAmt0413895
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0413895
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0218863
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0413895
IRS990ScheduleD/TotalExpensesPerForm990Amt0163878
IRS990ScheduleD/TotalRevenuePerForm990Amt0218863
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0218863
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0163878
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEWED BY THE AUDIT COMMITTEE AND THEN REVIEWED BY THE ENTIRE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DISCUSSED AT BOARD MEETING AND THEN REVIEWED BY EXECUTIVE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01194561
IRS990/TotalAssetsEOYAmt01249995
IRS990/TotalAssetsGrp/BOYAmt01194561
IRS990/TotalAssetsGrp/EOYAmt01249995
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0129300
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt095070
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt068808
IRS990/TotalFunctionalExpensesGrp/TotalAmt0163878
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02067
IRS990/TotalLiabilitiesEOYAmt02516
IRS990/TotalLiabilitiesGrp/BOYAmt02067
IRS990/TotalLiabilitiesGrp/EOYAmt02516
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01192494
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01247479
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt02766
IRS990/TotalProgramServiceExpensesAmt068808
IRS990/TotalReportableCompFromOrgAmt075000
IRS990/TotalRevenueGrp/ExclusionAmt01990
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt087573
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0218863
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01194561
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01249995
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0379
IRS990/TravelGrp/TotalAmt0379
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01192494
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01247479
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01523 8TH STREET
IRS990/USAddress/CityNm0EAST MOLINE
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd061244
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TIM KNANISHU
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03097558751
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-06-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REVITALIZE & DEVELOP EAST MOLINE INC

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