Civic Intelligence

Revitalize & Develop East Moline Inc

990 • Fiscal year 2017 • EIN 36-3815927

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 21, 2018

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

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

24th percentile

0.01x

Higher debt load relative to revenue than 24% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

18th percentile

-13%

Higher net margin than 18% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

57th percentile

$76,667

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 40.3% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

31st percentile

-1.9%

Faster asset growth than 31% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

30th percentile

-3.0%

Faster revenue growth than 30% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,253,027

Down $24,844 (-1.9%) from 2016

Net Assets

Down

$1,250,201

Down $25,154 (-2.0%) from 2016

Liabilities

Up

$2,826

Up $310 (+12%) from 2016

Revenue

Down

$190,281

Down $5,982 (-3.0%) from 2016

Expenses

Up

$215,435

Up $47,048 (+28%) from 2016

Net Income

Down

-$25,154

Down $53,030 (-190%) from 2016

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

2017

Assets$1,253,027
Liabilities$2,826
Net Assets$1,250,201

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

2017

Revenue$190,281
Expenses$215,435
Net Income-$25,154
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 21, 2018
Return Version
2017v2.2
Gross Receipts
$190,281
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$836,507$778,471▼ $58,036
Land, Buildings, and Equipment, Net$413,895$413,895→ $0
Cash and Non-Interest-Bearing Accounts$27,469$60,661▲ $33,192
Total Assets$1,277,871$1,253,027▼ $24,844
Liabilities
Accounts Payable and Accrued Expenses$2,516$2,826▲ $310
Total Liabilities$2,516$2,826▲ $310
Net Assets / Fund Balance
Unrestricted Net Assets$1,275,355$1,250,201▼ $25,154
Total Net Assets Fund Balance$1,275,355$1,250,201▼ $25,154
Total Liabilities and Net Assets / Fund Balance$1,277,871$1,253,027▼ $24,844

Asset Categories

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

Employees

NameTitleFull / Part TimeBaseTotal
Tim KnanishuExecutive Vice PresidentPT$76,667$76,667

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$93,300
Program Service Revenue
$0
Investment Income
$3,115
Other Revenue
$93,866
All Other Contributions
$93,300
Change in Net Assets
$-25,154

Audited Revenue Reconciliation

Revenue per Audited Statements
$190,281
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$190,281
Total Revenue per Form 990
$190,281
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$132,903
Salaries, Compensation, and Employee Benefits$82,532
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$61,334$15,333-$76,667
Other Expenses$14,915--$14,915
Payroll Taxes$4,692$1,173-$5,865
All Other Expenses$5,447--$5,447
Fees for Services Accounting-$4,050-$4,050
Insurance-$3,697-$3,697
Office Expenses-$2,921-$2,921
Travel-$2,226-$2,226
Total Functional Expenses$186,035$29,400$0$215,435

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$215,435
Total Expenses per Audited Statements$215,435
Total Expenses per Form 990$215,435
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
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, Section A, Line 6

MEMBERS

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

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 B, Line 15A

Comparable data was gathered from similar organizations in our region. This data was reviewed by the entire board, not including the one compensated executive vice-president and viewed, deliberated and voted on by the voting members of the board in the absence of the one compensated individual.

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
2018-06-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Knanishu
Formed
1991
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
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 424 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/ProgSrvcAccomActy2Grp/Desc0PROPERTY TAX ON PROPERTY HELD FOR REVITALIZATION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt020328
IRS990/ProgSrvcAccomActy3Grp/Desc0STORM UTILITY FEE
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt02766
IRS990/ProgSrvcAccomActyOtherGrp/Desc0DOWNTOWN
IRS990/ProgSrvcAccomActyOtherGrp/Desc1OTHER PROJECTS
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt050000
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt114915
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt099800
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt05696
IRS990/PYOtherExpensesAmt087649
IRS990/PYOtherRevenueAmt090767
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt027876
IRS990/PYSalariesCompEmpBnftPaidAmt080738
IRS990/PYTotalExpensesAmt0168387
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0196263
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-25154
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt093866
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0836507
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0778471
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt093300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt099800
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0129300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0110300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0116000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0548700
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03115
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05696
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01990
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01955
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01822
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt014578
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0476768
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.27390
IRS990ScheduleA/PublicSupportPY170Pct00.97650
IRS990ScheduleA/PublicSupportTotal170Amt0154296
IRS990ScheduleA/SubstantialContributorsTotAmt0394404
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt093300
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt099800
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0129300
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0110300
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0116000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0548700
IRS990ScheduleA/TotalSupportAmt0563278
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04691
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt04691
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0215435
IRS990ScheduleD/LandGrp/BookValueAmt0413895
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0413895
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0190281
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0413895
IRS990ScheduleD/TotalExpensesPerForm990Amt0215435
IRS990ScheduleD/TotalRevenuePerForm990Amt0190281
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0190281
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0215435
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/ExplanationTxt3COMPARABLE DATA WAS GATHERED FROM SIMILAR ORGANIZATIONS IN OUR REGION. THIS DATA WAS REVIEWED BY THE ENTIRE BOARD, NOT INCLUDING THE ONE COMPENSATED EXECUTIVE VICE-PRESIDENT AND VIEWED, DELIBERATED AND VOTED ON BY THE VOTING MEMBERS OF THE BOARD IN THE ABSENCE OF THE ONE COMPENSATED INDIVIDUAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROCESS 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 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01277871
IRS990/TotalAssetsEOYAmt01253027
IRS990/TotalAssetsGrp/BOYAmt01277871
IRS990/TotalAssetsGrp/EOYAmt01253027
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt093300
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029400
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0186035
IRS990/TotalFunctionalExpensesGrp/TotalAmt0215435
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02516
IRS990/TotalLiabilitiesEOYAmt02826
IRS990/TotalLiabilitiesGrp/BOYAmt02516
IRS990/TotalLiabilitiesGrp/EOYAmt02826
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01275355
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01250201
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt064915
IRS990/TotalProgramServiceExpensesAmt0186035
IRS990/TotalReportableCompFromOrgAmt076667
IRS990/TotalRevenueGrp/ExclusionAmt03115
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt093866
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0190281
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01277871
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01253027
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt02226
IRS990/TravelGrp/TotalAmt02226
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01275355
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01250201
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01523 8TH STREET
IRS990/USAddress/CityNm0EAST MOLINE
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd061244
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TIM KNANISHU
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03097558751
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-06-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REVITALIZE & DEVELOP EAST MOLINE INC
ReturnHeader/Filer/BusinessNameControlTxt0REVI
ReturnHeader/Filer/EIN0363815927
ReturnHeader/Filer/PhoneNum03097558751

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