Liabilities / Assets
37th percentile
Higher debt load relative to assets than 37% of similar nonprofits.
990 • Fiscal year 2021 • EIN 38-2563747
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
37th percentile
Higher debt load relative to assets than 37% of similar nonprofits.
Liabilities / Revenue
61st percentile
Higher debt load relative to revenue than 61% of similar nonprofits.
Net Margin
94th percentile
Higher net margin than 94% of similar nonprofits.
Top Officer Pay
39th percentile
Higher top officer pay than 39% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
61st percentile
Faster asset growth than 61% of similar nonprofits.
Revenue Growth
96th percentile
Faster revenue growth than 96% of similar nonprofits.
Assets
Up$4,437,756
Up $588,960 (+15%) from 2020
Net Assets
Up$4,337,406
Up $556,110 (+15%) from 2020
Liabilities
Up$100,350
Up $32,850 (+49%) from 2020
Revenue
Up$608,100
Up $474,382 (+355%) from 2020
Expenses
Up$160,912
Up $10,507 (+7.0%) from 2020
Net Income
Up$447,188
Up $463,875 (+2780%) from 2020
To receive and administer funds for educational, charitable or religious purposes.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments Other Securities | $3,845,147 | $4,402,750 | ▲ $557,603 |
| Accounts Receivable | - | $33,250 | - |
| Savings and Temporary Cash Investments | $3,649 | $1,756 | ▼ $1,893 |
| Total Assets | $3,848,796 | $4,437,756 | ▲ $588,960 |
| Liabilities | |||
| Other Liabilities | $67,500 | $100,350 | ▲ $32,850 |
| Total Liabilities | $67,500 | $100,350 | ▲ $32,850 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $3,781,296 | $4,337,406 | ▲ $556,110 |
| Total Net Assets Fund Balance | $3,781,296 | $4,337,406 | ▲ $556,110 |
| Total Liabilities and Net Assets / Fund Balance | $3,848,796 | $4,437,756 | ▲ $588,960 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Securities | $4,402,750 | - | - |
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2021 | $3,781,296 | - | ▲ $717,022 | $35,912 | $4,337,406 |
| 2020 | $3,550,435 | $7,000 | ▲ $374,266 | $32,885 | $3,781,296 |
| 2019 | $3,130,926 | $1,500 | ▲ $597,642 | $31,707 | $3,550,435 |
| 2018 | $3,390,798 | - | ▼ $141,817 | $31,510 | $3,130,926 |
| 2017 | $3,069,372 | $10 | ▲ $420,570 | $24,899 | $3,390,798 |
| Name | Title |
|---|---|
| Todd Morgan | President |
| Brian Nofzinger | Trustee |
| Christopher Lane | Trustee |
| Garry Clift | Trustee |
| Heather Pearce | Trustee |
| Joe Williams | Trustee |
| Krista Girrbach | Trustee |
| Laura Schultz-pipis | Trustee |
| Lynne Punnett | Trustee |
| Paula Trentman | Trustee |
| Jack Lewis | Secretary |
| Mike Jacobitz | Treasurer |
| Frank Rhames | Vice Preside |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $125,000 |
| Other Expenses | $35,912 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $125,000 | - | - | $125,000 |
| Fees for Service Investment Mgmnt Fees | $33,112 | - | - | $33,112 |
| Fees for Services Accounting | $2,700 | - | - | $2,700 |
| Fees for Services Legal | $100 | - | - | $100 |
| Total Functional Expenses | $160,912 | $0 | $0 | $160,912 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Kiwanis Club of Adrian | Adrian, MI | 501c4 | Grants to 501c3 | $125,000 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Pledge Payable 2022 | $62,500 |
| Pledge Payable 2023 | $37,500 |
| Accounts Payable | $350 |
“Article ii of the adrian kiwanis foundation inc's by-laws state: each member shall be entitled to one vote on each matter submitted to a vote of the members, and each director will be elected by the active members of the adrian kiwanis club.”
“A draft copy is electronically sent to each board member. At a scheduled board meeting, a quorum of voting members will go through the return, ask questions and approve the return.”
“Every year each board member is required to file a conflict of interest form that is reviewed by the executive board and reported in the minutes.”
“Governing documents are available upon request.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
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| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 33250 |
| IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | TO RECEIVE AND ADMINISTER FUNDS FOR EDUCATIONAL, CHARITABLE OR RELIGIOUS PURPOSES. |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | CHBW CO PC |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 5174399331 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 184 W CARLETON RD |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | HILLSDALE |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MI |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 49242 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | false |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 125000 |
| IRS990/CYInvestmentIncomeAmt | 0 | 423850 |
| IRS990/CYOtherExpensesAmt | 0 | 35912 |
| IRS990/CYOtherRevenueAmt | 0 | 184250 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 447188 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 160912 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 608100 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/Desc | 0 | TO PROVIDE FUNDS, IF AVAILABLE, FOR OTHER NOT-FOR-PROFIT 501C(3) ORGANIZATIONS SO THAT THEY MAY PROVIDE THE NEEDED SERVICES NOT COVERED BY GOVERNMENT OR OTHER PRIVATE ORGANIZATIONS. THIS FUNCTION IS COMPLETED THROUGH OUR SUPPORTED ORGANIZATION A 501C(4)ORGANIZATION, KIWANIS CLUB OF ADRIAN. |
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| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
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| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | true |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 160912 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 2700 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 2700 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 100 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 100 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt | 0 | 33112 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 33112 |
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| IRS990/ForeignFinancialAccountInd | 0 | false |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | TODD MORGAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | BRIAN NOFZINGER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | HEATHER PEARCE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | LYNNE PUNNETT |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | LAURA SCHULTZ-PIPIS |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | PRESIDENT |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | VICE PRESIDE |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | TRUSTEE |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 1984 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
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| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 13 |
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| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 125000 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 125000 |
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| IRS990/GrantsToOrganizationsInd | 0 | true |
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| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
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| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 83250 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
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| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 4402750 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
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| IRS990/LoanOutstandingInd | 0 | false |
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| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | TO RECEIVE AND ADMINISTER FUNDS FOR EDUCATIONAL, CHARITABLE OR RELIGIOUS PURPOSES. |
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| IRS990/MoreThan5000KToOrgInd | 0 | false |
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| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 4337406 |
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| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 340600 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 108922 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 3781296 |
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| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OfficerMailingAddressInd | 0 | false |
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| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
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| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 100350 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | BAD DEBT RECOVERY |
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| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtExclusivelySec170c2BInd | 0 | true |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd | 0 | false |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd | 0 | false |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd | 0 | false |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | INTERNAL REVENUE SERVICE LETTER CONFIRMING THAT THE ADRIAN KIWANIS CLUB ACTIVITIES COMPLY WITH REQUIREMENTS OF SECTION 509(A)(3); SEE BELOW FOR FUTHER DETAIL OF ACTIVITIES. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 1 | THE ADRIAN KIWANIS FOUNDATION REQUIRES THE CLUB TO PROVIDE (1) INFORMATION CONFIRMING COMMUNITY ORGANIZATION'S 501(C)(3) STATUS PRIOR TO AWARDING GRANTS FOR PAYMENT AND (2) CONFIRMATION THAT PAYMENTS WERE MADE DIRECTLY TO RECIPIENT ORANIZATIONS. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 2 | THE ADRIAN KIWANIS FOUNDATION, INC'S IS ORGANIZED AND OPERATED FOR THE BENEFIT AND SUPPORT OF THE ADRIAN KIWANIS CLUB, A 501(C)4. FINANCIAL SUPPORT PROVIDED TO THE ADRIAN KIWANIS CLUB HELPS THAT ORGANIZATION ACHIEVE ITS GOALS AND OBJECTIVES OF 1) ENCOURAGING ECONOMIC DEVELOPMENT IN THE ADRIAN COMMUNITY, 2) SUPPORTING EDUCATIONAL DEVELOPMENT FOR YOUNG CHILDREN AND 3) CREATING AND SUPPORTING RECREATION OPPORTUNITIES FOR THE ADRIAN COMMUNITY THROUGH GRANTS MADE TO VARIOUS ADRIAN 501(C)3 ORGANIZATIONS. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | PART IV, SECTION A, LINE 3B |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 1 | PART IV, SECTION A, LINE 3C |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 2 | PART IV, SECTION B, LINE 1 |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | PLEDGE PAYABLE 2022 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | PLEDGE PAYABLE 2023 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | ACCOUNTS PAYABLE |
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| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | GRANTS TO 501C3 |
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| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | A COMMITTEE MADE UP OF ADRIAN KIWANIS CLUB AND ADRIAN KIWANIS FOUNDATION MEMBERS MEET AND REVIEW REQUEST FOR GRANTS. THEY USE A CHECKLIST APPROACH TO REVIEW THE GRANT APPLICATIONS. ONCE THE RECIPIENTS ARE SELECTED BY THE COMMITTEE, THE ADRIAN KIWANIS FOUNDATION BOARD APPROVES THE LIST OF RECIPIENTS, AND A CHECK IS WRITTEN TO THE ADRIAN KIWANIS CLUB FOR THE TOTAL, AND THEN DISTRIBUTED TO THE SELECTED RECIPIENTS BY THE ADRIAN KIWANIS CLUB. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE I, PAGE 1, PART I, LINE 2 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | ARTICLE II OF THE ADRIAN KIWANIS FOUNDATION INC'S BY-LAWS STATE: EACH MEMBER SHALL BE ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS, AND EACH DIRECTOR WILL BE ELECTED BY THE ACTIVE MEMBERS OF THE ADRIAN KIWANIS CLUB. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | A DRAFT COPY IS ELECTRONICALLY SENT TO EACH BOARD MEMBER. AT A SCHEDULED BOARD MEETING, A QUORUM OF VOTING MEMBERS WILL GO THROUGH THE RETURN, ASK QUESTIONS AND APPROVE THE RETURN. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | EVERY YEAR EACH BOARD MEMBER IS REQUIRED TO FILE A CONFLICT OF INTEREST FORM THAT IS REVIEWED BY THE EXECUTIVE BOARD AND REPORTED IN THE MINUTES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 19 |
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Displayed year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.