Civic Intelligence

Revitalize & Develop East Moline Inc

990 • Fiscal year 2020 • EIN 36-3815927

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 21, 2021

1033 7th Street No 2East 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.

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

Liabilities / Revenue

24th percentile

0.02x

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

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

Net Margin

31st percentile

-3.0%

Higher net margin than 31% of similar nonprofits.

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

Top Officer Pay

62nd percentile

$85,000

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 54.9% of source-year revenue.

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

Asset Growth

30th percentile

-0.3%

Faster asset growth than 30% of similar nonprofits.

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

Revenue Growth

20th percentile

-24%

Faster revenue growth than 20% of similar nonprofits.

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

Assets

Down

$1,344,073

Down $4,676 (-0.3%) from 2019

Net Assets

Down

$1,341,677

Down $4,610 (-0.3%) from 2019

Liabilities

Down

$2,396

Down $66 (-2.7%) from 2019

Revenue

Down

$154,780

Down $47,569 (-24%) from 2019

Expenses

Up

$159,390

Up $2,263 (+1.4%) from 2019

Net Income

Down

-$4,610

Down $49,832 (-110%) from 2019

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

2020

Assets$1,344,073
Liabilities$2,396
Net Assets$1,341,677

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

2020

Revenue$154,780
Expenses$159,390
Net Income-$4,610
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 21, 2021
Return Version
2020v4.1
Gross Receipts
$154,780
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
Cash and Non-Interest-Bearing Accounts$337,918$743,038▲ $405,120
Land, Buildings, and Equipment, Net$413,895$413,895→ $0
Savings and Temporary Cash Investments$596,936$187,140▼ $409,796
Total Assets$1,348,749$1,344,073▼ $4,676
Liabilities
Accounts Payable and Accrued Expenses$2,462$2,396▼ $66
Total Liabilities$2,462$2,396▼ $66
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,346,287$1,341,677▼ $4,610
Total Net Assets Fund Balance$1,346,287$1,341,677▼ $4,610
Total Liabilities and Net Assets / Fund Balance$1,348,749$1,344,073▼ $4,676

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$85,000$85,000

Board Members and Trustees

NameTitle
Terry BrahmPast President
Jay MorrowPresident
Kurt DonnellySecretary & Vice President
Greg TheisDirector
Jeff MurphyDirector
Larry AndersonDirector
Nancy GruenhagenDirector
Robert BaeckeDirector
Tadd GriffithDirector
Terry WestbrookDirector
Jennifer HirschTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$39,300
Program Service Revenue
$0
Investment Income
$11,684
Other Revenue
$103,796
All Other Contributions
$39,300
Change in Net Assets
$-4,610

Audited Revenue Reconciliation

Revenue per Audited Statements
$154,780
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$154,780
Total Revenue per Form 990
$154,780
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$93,979
Other Expenses$65,411
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$79,900$5,100-$85,000
Payroll Taxes$6,278$401-$6,679
Information Technology-$5,772-$5,772
Fees for Services Accounting-$4,500-$4,500
Insurance$3,725--$3,725
Other Expenses$2,766--$2,766
All Other Expenses$2,419--$2,419
Other Salaries and Wages$2,162$138-$2,300
Office Expenses-$650-$650
Total Functional Expenses$142,829$16,561$0$159,390

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$159,390
Total Expenses per Audited Statements$159,390
Total Expenses per Form 990$159,390
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
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
1033 7TH STREET NO 2, EAST MOLINE, IL 61244

Signing Officer

Name
Tim Knanishu
Title
Executive Vice President
Phone
3097558751
Signed
2021-06-21
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
2
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 436 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/ExpenseAmt022391
IRS990/ProgSrvcAccomActy3Grp/Desc0STORM UTILITY FEE
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt02766
IRS990/ProgSrvcAccomActyOtherGrp/Desc0DOWNTOWN
IRS990/ProgSrvcAccomActyOtherGrp/Desc1OTHER PROJECTS
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt015850
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt087300
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt014025
IRS990/PYOtherExpensesAmt060953
IRS990/PYOtherRevenueAmt0101024
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt045222
IRS990/PYSalariesCompEmpBnftPaidAmt096174
IRS990/PYTotalExpensesAmt0157127
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0202349
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-4610
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0103796
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0596936
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0187140
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt039300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt087300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0111800
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt093300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt099800
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0431500
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt011684
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt014025
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt08829
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03115
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05696
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt043349
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt05
IRS990ScheduleA/OtherIncome170Grp/TotalAmt05
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.67110
IRS990ScheduleA/PublicSupportPY170Pct00.63300
IRS990ScheduleA/PublicSupportTotal170Amt0645638
IRS990ScheduleA/SubstantialContributorsTotAmt0273036
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0103796
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0101019
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt097726
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt093866
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt090767
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt0487174
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0143096
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0188319
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0209526
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0187166
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0190567
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0918674
IRS990ScheduleA/TotalSupportAmt0962028
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/OtherCostOrOtherBasisAmt04691
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0159390
IRS990ScheduleD/LandGrp/BookValueAmt0413895
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0413895
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0154780
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0413895
IRS990ScheduleD/TotalExpensesPerForm990Amt0159390
IRS990ScheduleD/TotalRevenuePerForm990Amt0154780
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0154780
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0159390
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01348749
IRS990/TotalAssetsEOYAmt01344073
IRS990/TotalAssetsGrp/BOYAmt01348749
IRS990/TotalAssetsGrp/EOYAmt01344073
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt039300
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt016561
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0142829
IRS990/TotalFunctionalExpensesGrp/TotalAmt0159390
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02462
IRS990/TotalLiabilitiesEOYAmt02396
IRS990/TotalLiabilitiesGrp/BOYAmt02462
IRS990/TotalLiabilitiesGrp/EOYAmt02396
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01346287
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01341677
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt015850
IRS990/TotalProgramServiceExpensesAmt0142829
IRS990/TotalReportableCompFromOrgAmt085000
IRS990/TotalRevenueGrp/ExclusionAmt011684
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0103796
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0154780
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01348749
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01344073
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01033 7TH STREET NO 2
IRS990/USAddress/CityNm0EAST MOLINE
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd061244

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