Civic Intelligence

Revitalize & Develop East Moline Inc

990 • Fiscal year 2018 • EIN 36-3815927

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 10, 2019

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

22nd percentile

0.01x

Higher debt load relative to revenue than 22% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

80th percentile

23%

Higher net margin than 80% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

69th percentile

$100,000

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 45.8% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

60th percentile

4.0%

Faster asset growth than 60% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

69th percentile

15%

Faster revenue growth than 69% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,303,161

Up $50,134 (+4.0%) from 2017

Net Assets

Up

$1,301,065

Up $50,864 (+4.1%) from 2017

Liabilities

Down

$2,096

Down $730 (-26%) from 2017

Revenue

Up

$218,355

Up $28,074 (+15%) from 2017

Expenses

Down

$167,491

Down $47,944 (-22%) from 2017

Net Income

Up

$50,864

Up $76,018 (+302%) from 2017

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

2018

Assets$1,303,161
Liabilities$2,096
Net Assets$1,301,065

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

2018

Revenue$218,355
Expenses$167,491
Net Income$50,864
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 10, 2019
Return Version
2018v3.1
Gross Receipts
$218,355
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$778,471$835,029▲ $56,558
Land, Buildings, and Equipment, Net$413,895$413,895→ $0
Cash and Non-Interest-Bearing Accounts$60,661$54,237▼ $6,424
Total Assets$1,253,027$1,303,161▲ $50,134
Liabilities
Accounts Payable and Accrued Expenses$2,826$2,096▼ $730
Total Liabilities$2,826$2,096▼ $730
Net Assets / Fund Balance
Unrestricted Net Assets$1,250,201$1,301,065▲ $50,864
Total Net Assets Fund Balance$1,250,201$1,301,065▲ $50,864
Total Liabilities and Net Assets / Fund Balance$1,253,027$1,303,161▲ $50,134

Asset Categories

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

Employees

NameTitleFull / Part TimeBaseTotal
Tim KnanishuExecutive Vice PresidentPT$100,000$100,000

Board Members and Trustees

NameTitle
Terry BrahmPast President
Jay MorrowPresident
Kurt DonnellySecretary and Vice-president
Carl Freeman JrDirector
Greg TheisDirector
Jeff MurphyDirector
Jennifer HirschDirector
Larry AndersonDirector
Robert BaeckeDirector
Tadd GriffithDirector
Terry WestbrookDirector
Nancy GruenhagenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$111,800
Program Service Revenue
$0
Investment Income
$8,829
Other Revenue
$97,726
All Other Contributions
$111,800
Change in Net Assets
$50,864

Audited Revenue Reconciliation

Revenue per Audited Statements
$218,355
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$218,355
Total Revenue per Form 990
$218,355
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$107,650
Other Expenses$59,841
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$90,000$10,000-$100,000
Payroll Taxes$6,885$765-$7,650
Fees for Services Accounting-$5,050-$5,050
All Other Expenses$2,191$2,744-$4,935
Insurance$3,679--$3,679
Other Expenses$2,766--$2,766
Travel$2,523--$2,523
Office Expenses-$1,617-$1,617
Total Functional Expenses$147,315$20,176$0$167,491

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$167,491
Total Expenses per Audited Statements$167,491
Total Expenses per Form 990$167,491
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 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 15

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
2019-06-10
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 432 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/ExpenseAmt021064
IRS990/ProgSrvcAccomActy3Grp/Desc0STORM UTILITY FEE
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt02766
IRS990/ProgSrvcAccomActyOtherGrp/Desc0DOWNTOWN
IRS990/ProgSrvcAccomActyOtherGrp/Desc1OTHER PROJECTS
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt018099
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt093300
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03115
IRS990/PYOtherExpensesAmt0132903
IRS990/PYOtherRevenueAmt093866
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-25154
IRS990/PYSalariesCompEmpBnftPaidAmt082532
IRS990/PYTotalExpensesAmt0215435
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0190281
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt050864
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt097726
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0778471
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0835029
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0111800
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt093300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt099800
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0129300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0110300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0544500
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt08829
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03115
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt05696
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01990
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01955
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt021585
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.63800
IRS990ScheduleA/PublicSupportPY170Pct00.27390
IRS990ScheduleA/PublicSupportTotal170Amt0651807
IRS990ScheduleA/SubstantialContributorsTotAmt0348268
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt097726
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt093866
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt090767
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt087573
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt085643
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt0455575
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0209526
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0187166
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0190567
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0216873
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0195943
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01000075
IRS990ScheduleA/TotalSupportAmt01021660
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04691
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04691
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0167491
IRS990ScheduleD/LandGrp/BookValueAmt0413895
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0413895
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0218355
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0413895
IRS990ScheduleD/TotalExpensesPerForm990Amt0167491
IRS990ScheduleD/TotalRevenuePerForm990Amt0218355
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0218355
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0167491
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 15
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01253027
IRS990/TotalAssetsEOYAmt01303161
IRS990/TotalAssetsGrp/BOYAmt01253027
IRS990/TotalAssetsGrp/EOYAmt01303161
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0111800
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020176
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0147315
IRS990/TotalFunctionalExpensesGrp/TotalAmt0167491
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02826
IRS990/TotalLiabilitiesEOYAmt02096
IRS990/TotalLiabilitiesGrp/BOYAmt02826
IRS990/TotalLiabilitiesGrp/EOYAmt02096
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01250201
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01301065
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt018099
IRS990/TotalProgramServiceExpensesAmt0147315
IRS990/TotalReportableCompFromOrgAmt0100000
IRS990/TotalRevenueGrp/ExclusionAmt08829
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt097726
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0218355
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01253027
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01303161
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt02523
IRS990/TravelGrp/TotalAmt02523
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01250201
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01301065
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/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01

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