Civic Intelligence

Pearce Foundation Inc.

990 • Fiscal year 2014 • EIN 37-1343092

Jan 01, 2014 to Dec 31, 2014 • Filed on May 28, 2015

610 W Cedar Street PO Box 331Chillicothe, IL 61523

(309) 274-4209

Siviq Scores

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

Liabilities / Assets

21st percentile

0.01x

Higher debt load relative to assets than 21% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

49th percentile

0.10x

Higher debt load relative to revenue than 49% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

1st percentile

-319%

Higher net margin than 1% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

59th percentile

$79,253

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 98.1% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

12th percentile

-10%

Faster asset growth than 12% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

36th percentile

-1.0%

Faster revenue growth than 36% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$1,573,503

Down $177,469 (-10%) from 2013

Net Assets

Down

$1,565,029

Down $183,059 (-10%) from 2013

Liabilities

Up

$8,474

Up $5,590 (+194%) from 2013

Revenue

Down

$80,816

Down $806 (-1.0%) from 2013

Expenses

Up

$338,481

Up $122,054 (+56%) from 2013

Net Income

Down

-$257,665

Down $122,860 (-91%) from 2013

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 2011: $1,528,737Liabilities 2011: $0Net Assets 2011: $1,528,7372011Assets 2012: $1,657,061Liabilities 2012: $0Net Assets 2012: $1,657,0612012Assets 2013: $1,750,972Liabilities 2013: $2,884Net Assets 2013: $1,748,0882013Assets 2014: $1,573,503Liabilities 2014: $8,474Net Assets 2014: $1,565,0292014Assets 2018: $1,622,611Liabilities 2018: $3,747Net Assets 2018: $1,618,8642018Assets 2019: $1,416,099Liabilities 2019: $3,894Net Assets 2019: $1,412,2052019Assets 2020: $1,555,603Liabilities 2020: $2,628Net Assets 2020: $1,552,9752020Assets 2021: $1,647,057Liabilities 2021: $1,403Net Assets 2021: $1,645,6542021Assets 2022: $1,857,583Liabilities 2022: $552,006Net Assets 2022: $1,305,5772022Assets 2023: $2,511,937Liabilities 2023: $866,271Net Assets 2023: $1,645,6662023Assets 2024: $2,712,676Liabilities 2024: $764,720Net Assets 2024: $1,947,9562024

Highlighted filing

2014

Assets$1,573,503
Liabilities$8,474
Net Assets$1,565,029

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $71,9392011Expenses 2012: $81,5772012Revenue 2013: $81,622Expenses 2013: $216,427Net Income 2013: -$134,8052013Revenue 2014: $80,816Expenses 2014: $338,481Net Income 2014: -$257,6652014Revenue 2018: $91,481Expenses 2018: $26,089Net Income 2018: $65,3922018Revenue 2019: $85,584Expenses 2019: $536,764Net Income 2019: -$451,1802019Revenue 2020: $56,895Expenses 2020: $82,893Net Income 2020: -$25,9982020Revenue 2021: $65,237Expenses 2021: $143,152Net Income 2021: -$77,9152021Revenue 2022: $77,640Expenses 2022: $61,490Net Income 2022: $16,1502022Revenue 2023: $119,223Expenses 2023: $24,305Net Income 2023: $94,9182023Revenue 2024: $143,244Expenses 2024: $20,163Net Income 2024: $123,0812024

Highlighted filing

2014

Revenue$80,816
Expenses$338,481
Net Income-$257,665
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 28, 2015
Return Version
2014v5.0
Gross Receipts
$80,816
Mission and Program Overview

Mission

To attract and manage financial resources in order to provide long term financial security for the programs operated by Pearce Community Center, Inc., which is a tax exempt entity under code section 501(c)(3).

To provide financial resources to pearce community center, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,702,258$1,545,181▼ $157,077
Savings and Temporary Cash Investments$38,300$17,667▼ $20,633
Pledges and Grants Receivable$10,414$10,655▲ $241
Total Assets$1,750,972$1,573,503▼ $177,469
Liabilities
Accounts Payable and Accrued Expenses$2,884$8,474▲ $5,590
Total Liabilities$2,884$8,474▲ $5,590
Net Assets / Fund Balance
Unrestricted Net Assets$1,748,088$1,565,029▼ $183,059
Total Net Assets Fund Balance$1,748,088$1,565,029▼ $183,059
Total Liabilities and Net Assets / Fund Balance$1,750,972$1,573,503▼ $177,469

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$420,706--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Ben AlvarezDirector-$79,253$79,253
Wendy Adams-goodDevelopment DirectorPT$4,800$4,800

Board Members and Trustees

NameTitle
Andy RuhlandPresident
Brook CranfordVice President
Adam LeinerDirector
Darlene KumpfDirector
Dave VojtaDirector
Kristy AllisonDirector
Maggie HurdDirector
Renee BeardDirector
Tom SimmonsDirector
Mike MahoneySecretary
Gail GarrisonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$42,421
Investment Income
$38,395
Other Revenue
$0
Change in Net Assets
$-257,665
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$319,872
Other Expenses$12,038
Salaries, Compensation, and Employee Benefits$6,571
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$319,872--$319,872
Other Expenses-$9,253-$9,253
Other Salaries and Wages$5,715$856-$6,571
Advertising$2,507$278-$2,785
Total Functional Expenses$328,094$10,387$0$338,481
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Pearce Community Center IncChillicothe, IL501(c)(3)To Assist Pearce Community Center in Funding Its Chartiable Programs.$319,872
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
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The chairman of the finance committee reviews form 990 and makes a recommendation to the finance committee if satisfactory to file. Each member of the finance committee is provided a copy of form 990. After approval by the finance committee, form 990 is presented to the board of directors for final approval. Each director has access to a copy of form 990 prior to approval.

Form 990, Part VI, Section C, Line 19

The organizations documents are available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Pearce Foundation Inc
EIN
37-1343092
Phone
3092744209
Address
610 W CEDAR STREET PO BOX 331, CHILLICOTHE, IL 61523

Signing Officer

Name
Andy Ruhland
Title
President
Phone
3092744209
Signed
2015-05-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andy Ruhland
Formed
1995
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
13

Preparer

Firm
Cliftonlarsonallen Llp
Address
301 SW ADAMS STE 1000, PEORIA, IL 61602
Preparer
Samuel a Cigelnik
Phone
3096714500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

On january 1, 2010, the organization adopted the recognition requirements for uncertain tax positions as required by generally accepted accounting principles with no cumulative effect adjustment required. The organization has reviewed tax positions taken for filing with the internal revenue service and the illinois department of revenue. The organization believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse affect on the organization's financial condition, results of operations, or cash flows. Accordingly, the organization has not recorded any reserves for uncertain income tax positions at december 31, 2014. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The organization believes it is no longer subject to income tax examinations for tax years ending prior to december 31, 2011.

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IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0371252061
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0319872
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0PEARCE COMMUNITY CENTER
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0319872
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0165526
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1219102
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2558466
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3181381
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt4420706
IRS990ScheduleD/OtherSecuritiesGrp/Desc0VANGUARD EXT MKT INDEX
IRS990ScheduleD/OtherSecuritiesGrp/Desc1VANGUARD ALL WORLD EX-US ADM
IRS990ScheduleD/OtherSecuritiesGrp/Desc2VANGUARD 500 INDEX FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc3VANGUARD GNMA FUND ADM
IRS990ScheduleD/OtherSecuritiesGrp/Desc4VANGUARD TOTAL BOND IND
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4F
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ON JANUARY 1, 2010, THE ORGANIZATION ADOPTED THE RECOGNITION REQUIREMENTS FOR UNCERTAIN TAX POSITIONS AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES WITH NO CUMULATIVE EFFECT ADJUSTMENT REQUIRED. THE ORGANIZATION HAS REVIEWED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND THE ILLINOIS DEPARTMENT OF REVENUE. THE ORGANIZATION BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE AFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS, OR CASH FLOWS. ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED ANY RESERVES FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2014. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR TAX YEARS ENDING PRIOR TO DECEMBER 31, 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt01545181
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0319872
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO ASSIST PEARCE COMMUNITY CENTER IN FUNDING ITS CHARTIABLE PROGRAMS.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0PEARCE COMMUNITY CENTER INC
IRS990ScheduleI/RecipientTable/RecipientEIN0371252061
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0610 W CEDAR STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CHILLICOTHE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd061523
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CHAIRMAN OF THE FINANCE COMMITTEE REVIEWS FORM 990 AND MAKES A RECOMMENDATION TO THE FINANCE COMMITTEE IF SATISFACTORY TO FILE. EACH MEMBER OF THE FINANCE COMMITTEE IS PROVIDED A COPY OF FORM 990. AFTER APPROVAL BY THE FINANCE COMMITTEE, FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR FINAL APPROVAL. EACH DIRECTOR HAS ACCESS TO A COPY OF FORM 990 PRIOR TO APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATIONS DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PEARCE COMMUNITY CENTER INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0371252061
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO OPERATE AND MAINTAIN A COMMUNITY CENTER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0610 W CEDAR STREET PO BOX 331
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CHILLICOTHE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd061523
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0300579
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt119293
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL EXPENSE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1ACTUAL EXPENSE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0PEARCE COMMUNITY CENTER
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1PEARCE COMMUNITY CENTER
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1P
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01750972
IRS990/TotalAssetsEOYAmt01573503
IRS990/TotalAssetsGrp/BOYAmt01750972
IRS990/TotalAssetsGrp/EOYAmt01573503
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010387
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0328094
IRS990/TotalFunctionalExpensesGrp/TotalAmt0338481
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02884
IRS990/TotalLiabilitiesEOYAmt08474
IRS990/TotalLiabilitiesGrp/BOYAmt02884
IRS990/TotalLiabilitiesGrp/EOYAmt08474
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01748088
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01565029

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