Civic Intelligence

Revitalize & Develop East Moline Inc

990 • Fiscal year 2023 • EIN 36-3815927

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 20, 2024

1033 7th Street 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

39th percentile

0.00x

Higher debt load relative to assets than 39% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

100th percentile

211%

Higher net margin than 100% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

86th percentile

$97,500

Higher top officer pay than 86% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

9th percentile

-26%

Faster asset growth than 9% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Assets

Down

$954,225

Down $330,083 (-26%) from 2022

Net Assets

Down

$951,076

Down $330,836 (-26%) from 2022

Liabilities

Up

$3,149

Up $753 (+31%) from 2022

Revenue

Down

-$156,710

Down $266,740 (-242%) from 2022

Expenses

Down

$174,126

Down $4,549 (-2.5%) from 2022

Net Income

Down

-$330,836

Down $262,191 (-382%) from 2022

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

2023

Assets$954,225
Liabilities$3,149
Net Assets$951,076

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

2023

Revenue-$156,710
Expenses$174,126
Net Income-$330,836
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 20, 2024
Return Version
2023v5.1
Gross Receipts
$104,258
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$743,580$704,449▼ $39,131
Savings and Temporary Cash Investments$189,019$225,160▲ $36,141
Land, Buildings, and Equipment, Net$351,709$24,616▼ $327,093
Total Assets$1,284,308$954,225▼ $330,083
Liabilities
Accounts Payable and Accrued Expenses$2,396$3,149▲ $753
Total Liabilities$2,396$3,149▲ $753
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,281,912$951,076▼ $330,836
Total Net Assets Fund Balance$1,281,912$951,076▼ $330,836
Total Liabilities and Net Assets / Fund Balance$1,284,308$954,225▼ $330,083

Asset Categories

AssetBook ValueDepreciationBasis
Land$24,616-$24,616
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tim KnanishuExecutive Vice PresidentPT$97,500$97,500

Board Members and Trustees

NameTitle
Jay MorrowPresident
Jennifer HirschTreasurer, Vice President
Eric DavisDirector
Greg TheisDirector
Herlinda GutierrezDirector
Jeff MurphyDirector
Jerry LackDirector
John StopoulosDirector
Larry AndersonDirector
Tadd GriffithSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$87,700
Program Service Revenue
$0
Investment Income
$-244,421
Other Revenue
$11
All Other Contributions
$87,700
Change in Net Assets
$-330,836

Audited Revenue Reconciliation

Revenue per Audited Statements
$-156,710
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$-156,710
Total Revenue per Form 990
$-156,710
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$104,959
Other Expenses$69,167
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$87,750$9,750-$97,500
Payroll Taxes$6,713$746-$7,459
Fees for Services Accounting-$5,380-$5,380
Other Expenses$4,867--$4,867
All Other Expenses$2,912$1,200-$4,112
Insurance$3,844--$3,844
Information Technology-$3,014-$3,014
Office Expenses-$381-$381
Total Functional Expenses$153,655$20,471$0$174,126

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$174,126
Total Expenses per Audited Statements$174,126
Total Expenses per Form 990$174,126
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 2, EAST MOLINE, IL 61244

Signing Officer

Name
Tim Knanishu
Title
Executive Vice President
Phone
3097558751
Signed
2024-08-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Knanishu
Formed
1991
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
1
Volunteers
0

Preparer

Firm
Odoni Partners 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 422 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/PYInvestmentIncomeAmt0-59068
IRS990/PYOtherExpensesAmt082172
IRS990/PYOtherRevenueAmt082598
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-68645
IRS990/PYSalariesCompEmpBnftPaidAmt091503
IRS990/PYTotalExpensesAmt0178675
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0110030
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-330836
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0-260957
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0189019
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0225160
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt087700
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt086500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt087000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt039300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt087300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0387800
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt016547
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt014318
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02799
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt011684
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt014025
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt059373
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0-260957
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0-62181
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt05
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0-323133
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.90930
IRS990ScheduleA/PublicSupportPY170Pct00.69430
IRS990ScheduleA/PublicSupportTotal170Amt0459258
IRS990ScheduleA/SubstantialContributorsTotAmt0309592
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt071393
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0104842
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0103796
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0101019
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt0381050
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt087700
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0157893
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0191842
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0143096
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0188319
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0768850
IRS990ScheduleA/TotalSupportAmt0505090
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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/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0174126
IRS990ScheduleD/LandGrp/BookValueAmt024616
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt024616
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0-156710
IRS990ScheduleD/TotalBookValueLandBuildingsAmt024616
IRS990ScheduleD/TotalExpensesPerForm990Amt0174126
IRS990ScheduleD/TotalRevenuePerForm990Amt0-156710
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-156710
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0174126
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
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01284308
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IRS990/TotalAssetsGrp/BOYAmt01284308
IRS990/TotalAssetsGrp/EOYAmt0954225
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt087700
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020471
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0153655
IRS990/TotalFunctionalExpensesGrp/TotalAmt0174126
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02396
IRS990/TotalLiabilitiesEOYAmt03149
IRS990/TotalLiabilitiesGrp/BOYAmt02396
IRS990/TotalLiabilitiesGrp/EOYAmt03149
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01281912
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0951076
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt02912
IRS990/TotalProgramServiceExpensesAmt0153655
IRS990/TotalReportableCompFromOrgAmt097500
IRS990/TotalRevenueGrp/ExclusionAmt016547
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-260957
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-156710
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01284308
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IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01033 7TH STREET 2
IRS990/USAddress/CityNm0EAST MOLINE
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd061244
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TIM KNANISHU
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03097558751
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-20

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