Civic Intelligence

Jubilee Ministries

990 • Fiscal year 2016 • EIN 38-3477214

Jul 01, 2015 to Jun 30, 2016 • Filed on May 11, 2017

Organization ProfileWWW.JUBILEEMINISTRIESINC.COM
96 W 15th StreetHolland, MI 49423

(616) 392-8191

Siviq Scores

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

Liabilities / Assets

67th percentile

0.27x

Higher debt load relative to assets than 67% of similar nonprofits.

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

Liabilities / Revenue

92nd percentile

2.72x

Higher debt load relative to revenue than 92% of similar nonprofits.

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

Net Margin

10th percentile

-35%

Higher net margin than 10% of similar nonprofits.

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

Top Officer Pay

58th percentile

$78,961

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 16.3% of source-year revenue.

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

Asset Growth

12th percentile

-10%

Faster asset growth than 12% of similar nonprofits.

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

Revenue Growth

9th percentile

-37%

Faster revenue growth than 9% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$4,860,579

Down $552,862 (-10%) from 2015

Net Assets

Down

$3,547,729

Down $170,303 (-4.6%) from 2015

Liabilities

Down

$1,312,850

Down $382,559 (-23%) from 2015

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin10th percentile

Revenue

Down

$483,270

Down $284,233 (-37%) from 2015

Expenses

Down

$653,573

Down $36,387 (-5.3%) from 2015

Net Income

Down

-$170,303

Down $247,846 (-320%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $1,436,890Liabilities 2011: $713,132Net Assets 2011: $723,7582011Assets 2012: $1,765,966Liabilities 2012: $680,107Net Assets 2012: $1,085,8592012Assets 2013: $5,285,787Liabilities 2013: $1,511,128Net Assets 2013: $3,774,6592013Assets 2014: $5,183,816Liabilities 2014: $1,543,327Net Assets 2014: $3,640,4892014Assets 2015: $5,413,441Liabilities 2015: $1,695,409Net Assets 2015: $3,718,0322015Assets 2016: $4,860,579Liabilities 2016: $1,312,850Net Assets 2016: $3,547,7292016Assets 2017: $4,944,181Liabilities 2017: $1,560,646Net Assets 2017: $3,383,5352017Assets 2018: $4,320,023Liabilities 2018: $1,186,414Net Assets 2018: $3,133,6092018Assets 2019: $4,114,905Liabilities 2019: $1,217,213Net Assets 2019: $2,897,6922019Assets 2020: $4,622,075Liabilities 2020: $1,823,280Net Assets 2020: $2,798,7952020Assets 2021: $5,047,779Liabilities 2021: $2,276,804Net Assets 2021: $2,770,9752021Assets 2022: $5,265,307Liabilities 2022: $2,446,859Net Assets 2022: $2,818,4482022Assets 2023: $4,127,793Liabilities 2023: $1,785,814Net Assets 2023: $2,341,9792023Assets 2024: $6,074,073Liabilities 2024: $3,288,542Net Assets 2024: $2,785,5312024Assets 2025: $7,656,550Liabilities 2025: $3,310,996Net Assets 2025: $4,345,5542025

Highlighted filing

2016

Assets$4,860,579
Liabilities$1,312,850
Net Assets$3,547,729
Open 2016 Filing

Operations Trend

Revenue Growth9th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $610,9472011Expenses 2012: $535,4662012Revenue 2013: $649,129Expenses 2013: $634,357Net Income 2013: $14,7722013Revenue 2014: $608,576Expenses 2014: $651,494Net Income 2014: -$42,9182014Revenue 2015: $767,503Expenses 2015: $689,960Net Income 2015: $77,5432015Revenue 2016: $483,270Expenses 2016: $653,573Net Income 2016: -$170,3032016Revenue 2017: $428,822Expenses 2017: $593,016Net Income 2017: -$164,1942017Revenue 2018: $339,162Expenses 2018: $589,088Net Income 2018: -$249,9262018Revenue 2019: $416,266Expenses 2019: $592,302Net Income 2019: -$176,0362019Revenue 2020: $493,479Expenses 2020: $592,376Net Income 2020: -$98,8972020Revenue 2021: $554,940Expenses 2021: $582,760Net Income 2021: -$27,8202021Revenue 2022: $662,273Expenses 2022: $614,800Net Income 2022: $47,4732022Revenue 2023: $205,841Expenses 2023: $682,310Net Income 2023: -$476,4692023Revenue 2024: $1,118,353Expenses 2024: $674,801Net Income 2024: $443,5522024Revenue 2025: $2,507,106Expenses 2025: $730,843Net Income 2025: $1,776,2632025

Highlighted filing

2016

Revenue$483,270
Expenses$653,573
Net Income-$170,303
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 11, 2017
Return Version
2015v3.0
Gross Receipts
$1,455,504
Mission and Program Overview

Mission

Strengthening holland's neighborhoods through revitalization of housing and community assets

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,268,974$3,729,052▼ $539,922
Inventories for Sale or Use$889,943$854,517▼ $35,426
Pledges and Grants Receivable$85,525$124,775▲ $39,250
Cash and Non-Interest-Bearing Accounts$87,060$93,272▲ $6,212
Accounts Receivable$77,672$54,696▼ $22,976
Prepaid Expenses and Deferred Charges$4,267$4,267→ $0
Total Assets$5,413,441$4,860,579▼ $552,862
Liabilities
Unsecured Notes Loans Payable$1,561,697$1,186,282▼ $375,415
Accounts Payable and Accrued Expenses$63,454$64,408▲ $954
Deferred Revenue$70,258$62,160▼ $8,098
Total Liabilities$1,695,409$1,312,850▼ $382,559
Net Assets / Fund Balance
Unrestricted Net Assets$3,621,443$3,397,017▼ $224,426
Temporarily Rstr Net Assets$96,589$150,712▲ $54,123
Total Net Assets Fund Balance$3,718,032$3,547,729▼ $170,303
Total Liabilities and Net Assets / Fund Balance$5,413,441$4,860,579▼ $552,862

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,941,208$732,613$3,673,821
Equipment$351,425$255,662$607,087
Land$436,419-$436,419
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Steve GroseExecutive DiFT$78,961$78,961

Board Members and Trustees

NameTitle
Deb SterkenPresident
Andy BaerDirector
Craig SpoelhofDirector
Debbie RooksDirector
Mark BeckmanDirector
Nancy FosterDirector
Ruby KickertDirector
Jeanette BrownsonSecretary
Andrew RuggTreasurer
Drew DurhamVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$291,300
Program Service Revenue
$268,141
Investment Income
$-63,767
Other Revenue
$-12,404
All Other Contributions
$291,300
Change in Net Assets
$-170,303

Audited Revenue Reconciliation

Revenue per Audited Statements
$483,270
Revenue Not Reported on Form 990
$6,155
Total Revenue per Audited Statements
$489,425
Total Revenue per Form 990
$483,270
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$540,328
Salaries, Compensation, and Employee Benefits$113,245
Total Fundraising Expense$29,981
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$143,102$8,811-$151,913
Current Officers, Directors, Trustees, and Key Employees$11,270$45,885$23,345$80,500
Occupancy$79,862--$79,862
Interest$49,109--$49,109
Insurance$20,357$4,865$999$26,221
Fees for Services Other$14,064$9,577-$23,641
All Other Expenses$17,597--$17,597
Other Salaries and Wages$2,637$9,880$4,537$17,054
Payroll Taxes$6,167$9,179$345$15,691
Other Expenses$5,079$1,041$682$5,079
Fees for Services Accounting$4,526--$4,526
Office Expenses$1,638$1,334$73$3,045
Advertising$350--$350
Total Functional Expenses$533,020$90,572$29,981$653,573

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$659,728
Expenses per Audited Statements$653,573
Total Expenses per Form 990$653,573
Expenses Not Reported on Form 990$6,155
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
Yes
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The accounting firm provides the organization with a draft copy of the 990 form. The executive director reviews the form and makes any corrections or suggestions as needed. The accounting firm then revises the form and electronically files it.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Jubilee Ministries Inc
EIN
38-3477214
Phone
6163928191
Address
96 W 15TH STREET, HOLLAND, MI 49423

Signing Officer

Name
Steve Grose
Title
Executive Director
Phone
6163923191
Signed
2017-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Grose
Formed
1999
Legal Domicile
Mi
Voting Board Members
10
Independent Board Members
10
Employees
14

Preparer

Firm
Ferris Busscher & Zwiers Pc
Address
675 EAST 16TH ST SUITE 100, HOLLAND, MI 49423
Preparer
Douglas W Rotman
Phone
6163928534
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“Return of security deposit 6,155”

Schedule D, Page 4, Part XII, Line 2D

“Return of security deposit 6,155”

Schedule D, Page 4, Part XII, Line 4B

“Book / tax depreciation difference 56,544”

Raw XML AppendixShowing 400 of 462 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RETURN OF SECURITY DEPOSIT 6,155
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RETURN OF SECURITY DEPOSIT 6,155
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2BOOK / TAX DEPRECIATION DIFFERENCE 56,544
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ACCOUNTING FIRM PROVIDES THE ORGANIZATION WITH A DRAFT COPY OF THE 990 FORM. THE EXECUTIVE DIRECTOR REVIEWS THE FORM AND MAKES ANY CORRECTIONS OR SUGGESTIONS AS NEEDED. THE ACCOUNTING FIRM THEN REVISES THE FORM AND ELECTRONICALLY FILES IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
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Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,860,579
Liabilities
$1,312,850
Net assets
$3,547,729
Revenue
$483,270
Expenses
$653,573
Net income
-$170,303
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.66$3.31$4.35$2.51$0.73$1.78
2024Detailed filing. Detailed filing data is available for this year.$6.07$3.29$2.79$1.12$0.67$0.44
2023Detailed filing. Detailed filing data is available for this year.$4.13$1.79$2.34$0.21$0.68$0.48
2022Detailed filing. Detailed filing data is available for this year.$5.27$2.45$2.82$0.66$0.61$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.05$2.28$2.77$0.55$0.58$0.03
2020Detailed filing. Detailed filing data is available for this year.$4.62$1.82$2.80$0.49$0.59$0.10
2019Detailed filing. Detailed filing data is available for this year.$4.11$1.22$2.90$0.42$0.59$0.18
2018Detailed filing. Detailed filing data is available for this year.$4.32$1.19$3.13$0.34$0.59$0.25
2017Detailed filing. Detailed filing data is available for this year.$4.94$1.56$3.38$0.43$0.59$0.16
2016Detailed filing. Detailed filing data is available for this year.$4.86$1.31$3.55$0.48$0.65$0.17
2015Detailed filing. Detailed filing data is available for this year.$5.41$1.70$3.72$0.77$0.69$0.08
2014Detailed filing. Detailed filing data is available for this year.$5.18$1.54$3.64$0.61$0.65$0.04
2013Summary only. Only limited summary data is available for this year.$5.29$1.51$3.77$0.65$0.63$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.68$1.09$0.54
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$0.71$0.72$0.61
Peer Organizations

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