Civic Intelligence

Cheerful Home Association

990 • Fiscal year 2016 • EIN 37-0214660

Jul 01, 2015 to Jun 30, 2016 • Filed on Sep 08, 2016

315 S 5th StQuincy, IL 62301-3917

(217) 228-0654

Siviq Scores

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

Liabilities / Assets

48th percentile

0.09x

Higher debt load relative to assets than 48% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

51st percentile

0.11x

Higher debt load relative to revenue than 51% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

23rd percentile

-9.1%

Higher net margin than 23% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

38th percentile

$17,831

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

15th percentile

-8.0%

Faster asset growth than 15% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

34th percentile

-3.3%

Faster revenue growth than 34% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,590,966

Down $138,602 (-8.0%) from 2015

Net Assets

Down

$1,448,288

Down $166,415 (-10%) from 2015

Liabilities

Up

$142,678

Up $27,813 (+24%) from 2015

Revenue

Down

$1,253,275

Down $42,669 (-3.3%) from 2015

Expenses

Up

$1,367,564

Up $116,874 (+9.3%) from 2015

Net Income

Down

-$114,289

Down $159,543 (-353%) from 2015

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2012: $1,697,584Liabilities 2012: $263,959Net Assets 2012: $1,433,6252012Assets 2013: $1,696,187Liabilities 2013: $153,087Net Assets 2013: $1,543,1002013Assets 2015: $1,729,568Liabilities 2015: $114,865Net Assets 2015: $1,614,7032015Assets 2016: $1,590,966Liabilities 2016: $142,678Net Assets 2016: $1,448,2882016Assets 2017: $1,569,713Liabilities 2017: $74,691Net Assets 2017: $1,495,0222017Assets 2018: $1,635,738Liabilities 2018: $68,125Net Assets 2018: $1,567,6132018Assets 2019: $1,548,350Liabilities 2019: $59,442Net Assets 2019: $1,488,9082019Assets 2020: $1,430,959Liabilities 2020: $188,178Net Assets 2020: $1,242,7812020Assets 2021: $1,649,206Liabilities 2021: $70,260Net Assets 2021: $1,578,9462021Assets 2022: $1,608,418Liabilities 2022: $106,004Net Assets 2022: $1,502,4142022Assets 2025: $2,472,723Liabilities 2025: $142,661Net Assets 2025: $2,330,0622025

Highlighted filing

2016

Assets$1,590,966
Liabilities$142,678
Net Assets$1,448,288

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $1,221,3352012Expenses 2013: $1,176,8472013Revenue 2015: $1,295,944Expenses 2015: $1,250,690Net Income 2015: $45,2542015Revenue 2016: $1,253,275Expenses 2016: $1,367,564Net Income 2016: -$114,2892016Revenue 2017: $1,326,117Expenses 2017: $1,347,078Net Income 2017: -$20,9612017Revenue 2018: $1,366,418Expenses 2018: $1,311,092Net Income 2018: $55,3262018Revenue 2019: $1,329,212Expenses 2019: $1,384,578Net Income 2019: -$55,3662019Revenue 2020: $994,910Expenses 2020: $1,177,969Net Income 2020: -$183,0592020Revenue 2021: $1,484,957Expenses 2021: $1,337,767Net Income 2021: $147,1902021Revenue 2022: $1,723,759Expenses 2022: $1,626,888Net Income 2022: $96,8712022Revenue 2025: $2,076,873Expenses 2025: $1,975,387Net Income 2025: $101,4862025

Highlighted filing

2016

Revenue$1,253,275
Expenses$1,367,564
Net Income-$114,289
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Sep 8, 2016
Return Version
2015v2.1
Gross Receipts
$1,253,275
Mission and Program Overview

Mission

Provide daycare for all children of the community with emphasis on the care of lower income families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$814,249$770,809▼ $43,440
Investments Program Related$740,994$726,580▼ $14,414
Cash and Non-Interest-Bearing Accounts$119,550$52,144▼ $67,406
Pledges and Grants Receivable$38,138$37,071▼ $1,067
Prepaid Expenses and Deferred Charges$16,637$4,362▼ $12,275
Total Assets$1,729,568$1,590,966▼ $138,602
Liabilities
Accounts Payable and Accrued Expenses$61,490$81,322▲ $19,832
Mortgage Notes Payable Secured by Investment Property$52,332$39,757▼ $12,575
Other Liabilities-$20,000-
Deferred Revenue$1,043$1,599▲ $556
Total Liabilities$114,865$142,678▲ $27,813
Net Assets / Fund Balance
Unrestricted Net Assets$1,610,128$1,447,096▼ $163,032
Temporarily Rstr Net Assets$4,575$1,192▼ $3,383
Total Net Assets Fund Balance$1,614,703$1,448,288▼ $166,415
Total Liabilities and Net Assets / Fund Balance$1,729,568$1,590,966▼ $138,602

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$726,580--
Buildings$505,643$1,218,193-
Other Land Buildings$109,166--
Equipment$87,229$270,957-
Leasehold Improvements$68,771$54,000-
Compensation and Service Providers

Employees

NameTitleBaseTotal
Deborah StockExecutive Di$17,831$17,831

Board Members and Trustees

NameTitle
David PennPresident
Barb HolthausDirector
Bonnie KempDirector
Joellen RandallDirector
Michelle MillerDirector
Ryan FischerDirector
Susan TillDirector
Tina GarkieDirector
Haily Meyer1st Vice Pre
Dawn DavisSecretary
Dawn GoestenkorsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$634,909
Program Service Revenue
$567,699
Investment Income
$37,696
Other Revenue
$12,971
All Other Contributions
$297,096
Change in Net Assets
$-114,289

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,253,275
Revenue Not Reported on Form 990
$-52,126
Total Revenue per Audited Statements
$1,201,149
Total Revenue per Form 990
$1,253,275
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,023,957
Other Expenses$343,607
Total Fundraising Expense$15,299
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$720,110$77,696$8,633$806,439
Other Employee Benefits$98,335$15,166$1,685$115,186
Depreciation Depletion$68,048$7,561-$75,609
Occupancy$62,832$4,011-$66,843
Payroll Taxes$55,753$8,593$955$65,301
Current Officers, Directors, Trustees, and Key Employees-$33,328$3,703$37,031
Conferences and Meetings$10,278--$10,278
Other Expenses$9,094$2,905$323$9,094
Fees for Services Accounting$6,765--$6,765
Fees for Service Investment Mgmnt Fees$4,916--$4,916
All Other Expenses$3,117--$3,117
Interest$2,040--$2,040
Office Expenses$987--$987
Total Functional Expenses$1,203,005$149,260$15,299$1,367,564

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,367,564
Total Expenses per Audited Statements$1,367,564
Total Expenses per Form 990$1,367,564
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$10,828
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Dawn GoestenkorsBoard TreasurerAdministers 401(k)No-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$20,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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, Page 6, Part VI, Line 7A

Members of the board elect the board.

Form 990, Page 6, Part VI, Line 11B

The governing body is given a copy of the completed form 990 return during their annual meeting and any issues or changes are brought up at that time. The indpendent auditors make any necessary adjustments to the return after it is discussed in the meeting. The finance committee approves the completed form 990 before it is issued.

Form 990, Page 6, Part VI, Line 12C

President of the board of directors reviews once every fiscal year.

Form 990, Page 6, Part VI, Line 19

THROUGH A THIRD PARTY.

Filing and Contact Details

Filer

Filer Name
Cheerful Home Association
EIN
37-0214660
Phone
2172280654
Address
315 S 5TH ST, QUINCY, IL 62301-3917

Signing Officer

Name
David Penn
Title
President
Phone
2172280654
Signed
2016-09-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Penn
Formed
1886
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
52

Preparer

Firm
Gray Hunter Stenn Llp
Address
500 MAINE ST, QUINCY, IL 62301
Preparer
Jeffrey a Mcpherson CPA
Phone
2172220304
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS OF THE BOARD ELECT THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY IS GIVEN A COPY OF THE COMPLETED FORM 990 RETURN DURING THEIR ANNUAL MEETING AND ANY ISSUES OR CHANGES ARE BROUGHT UP AT THAT TIME. THE INDPENDENT AUDITORS MAKE ANY NECESSARY ADJUSTMENTS TO THE RETURN AFTER IT IS DISCUSSED IN THE MEETING. THE FINANCE COMMITTEE APPROVES THE COMPLETED FORM 990 BEFORE IT IS ISSUED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRESIDENT OF THE BOARD OF DIRECTORS REVIEWS ONCE EVERY FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THROUGH A THIRD PARTY.
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