Civic Intelligence

Headwaters Foundation Inc

990 • Fiscal year 2014 • EIN 39-1509730

Jan 01, 2014 to Dec 31, 2014 • Filed on Sep 30, 2015

Organization ProfileWWW.HEADWATERSINC.ORG
PO Box 618Rhinelander, WI 54501

(715) 369-1337

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

95th percentile

66%

Higher net margin than 95% of similar nonprofits.

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

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

72nd percentile

11%

Faster asset growth than 72% of similar nonprofits.

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

Revenue Growth

77th percentile

23%

Faster revenue growth than 77% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$1,233,285

Up $121,541 (+11%) from 2013

Net Assets

Up

$1,233,285

Up $121,541 (+11%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin95th percentile

Revenue

Up

$122,482

Up $22,973 (+23%) from 2013

Expenses

Down

$41,746

Down $14,266 (-25%) from 2013

Net Income

Up

$80,736

Up $37,239 (+86%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

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

$1.5M$1.0M$500K$0Assets 2010: $941,130Liabilities 2010: $0Net Assets 2010: $941,1302010Assets 2011: $991,710Liabilities 2011: $0Net Assets 2011: $991,7102011Assets 2012: $1,072,175Liabilities 2012: $0Net Assets 2012: $1,072,1752012Assets 2013: $1,111,744Liabilities 2013: $0Net Assets 2013: $1,111,7442013Assets 2014: $1,233,285Liabilities 2014: $0Net Assets 2014: $1,233,2852014Assets 2015: $1,173,372Liabilities 2015: $0Net Assets 2015: $1,173,3722015Assets 2016: $1,161,658Liabilities 2016: $0Net Assets 2016: $1,161,6582016Assets 2017: $1,022,912Liabilities 2017: $0Net Assets 2017: $1,022,9122017Assets 2018: $1,026,929Liabilities 2018: $0Net Assets 2018: $1,026,9292018Assets 2019: $1,061,515Liabilities 2019: $0Net Assets 2019: $1,061,5152019Assets 2020: $779,431Liabilities 2020: $0Net Assets 2020: $779,4312020Assets 2021: $939,776Liabilities 2021: $0Net Assets 2021: $939,7762021Assets 2022: $905,445Liabilities 2022: $0Net Assets 2022: $905,4452022Assets 2023: $948,566Liabilities 2023: $0Net Assets 2023: $948,5662023

Highlighted filing

2014

Assets$1,233,285
Liabilities$0
Net Assets$1,233,285
Open 2014 Filing

Operations Trend

Revenue Growth77th percentile

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

$400K$200K$0-$200KExpenses 2010: $73,5812010Expenses 2011: $14,5542011Expenses 2012: $32,6422012Revenue 2013: $99,509Expenses 2013: $56,012Net Income 2013: $43,4972013Revenue 2014: $122,482Expenses 2014: $41,746Net Income 2014: $80,7362014Revenue 2015: $43,422Expenses 2015: $48,324Net Income 2015: -$4,9022015Revenue 2016: $48,962Expenses 2016: $80,626Net Income 2016: -$31,6642016Revenue 2017: $160,856Expenses 2017: $248,102Net Income 2017: -$87,2462017Revenue 2018: $80,025Expenses 2018: $43,133Net Income 2018: $36,8922018Revenue 2019: $37,485Expenses 2019: $43,969Net Income 2019: -$6,4842019Revenue 2020: $27,193Expenses 2020: $186,896Net Income 2020: -$159,7032020Revenue 2021: $168,337Expenses 2021: $180,120Net Income 2021: -$11,7832021Revenue 2022: $29,094Expenses 2022: $41,330Net Income 2022: -$12,2362022Revenue 2023: $21,963Expenses 2023: $100,095Net Income 2023: -$78,1322023

Highlighted filing

2014

Revenue$122,482
Expenses$41,746
Net Income$80,736
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Sep 30, 2015
Return Version
2014v5.0
Gross Receipts
$249,774
Mission and Program Overview

Mission

Our sole mission is to be operated exclusively for charitable, scientific, literacy and education purposes. Catholic Charities Bureau Affiliates are organized to maintain, operate and conduct; directly or indirectly; as well as to assist and coordinate activities and Social Services in accordance with the charitable Works and traditions of the Roman Catholic Church. Works are carried out in accordance with Catholic Social teachings.

Provide financial support to benefit programs of headwaters, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$499,175$506,961▲ $7,786
Cash and Non-Interest-Bearing Accounts$1,510$17,095▲ $15,585
Savings and Temporary Cash Investments-$633-
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$1,111,744$1,233,285▲ $121,541
Other Assets Total$611,059$708,596▲ $97,537
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,111,744$1,233,285▲ $121,541
Total Net Assets Fund Balance$1,111,744$1,233,285▲ $121,541
Total Liabilities and Net Assets / Fund Balance$1,111,744$1,233,285▲ $121,541

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$1,540$1,540
Other Assets Org$639,957--
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Dennis HerrmannPresident
Ron BosiVice President
Amy LaxtonBoard Member
Jeffrey CummingsBoard Member
Jennifer FeltyBoard Member
Joe DuchacBoard Member
John StaunerBoard Member
Joseph BrauerBoard Member
Patrick MarquartBoard Member
Tom PetersonBoard Member
Kasha Herrmann FlandersSecretary
Andy McmillionTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,813
Program Service Revenue
$0
Investment Income
$67,877
Other Revenue
$47,792
All Other Contributions
$6,813
Change in Net Assets
$80,736
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$35,828
Other Expenses$5,918
Total Fundraising Expense$4,060
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$35,828--$35,828
Office Expenses-$128$4,060$4,188
Fees for Services Accounting-$1,000-$1,000
Fees for Service Investment Mgmnt Fees-$730-$730
Total Functional Expenses$35,828$1,858$4,060$41,746
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Headwaters IncRhinelander, WI501(c)(3)To Provide for the Continued Operations of Headwaters Inc.$35,828
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$17,495
Fundraising Direct Expenses$2,368
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
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“Form 990 is reviewed annually during a board meeting.”

Form 990, Part VI, Section C, Line 19

“Available upon request at the foundations office in rhinelander wisconsin.”

Filing and Contact Details

Filer

Filer Name
Headwaters Foundation Inc
EIN
39-1509730
Phone
7153691337
Address
PO BOX 618, RHINELANDER, WI 54501

Signing Officer

Name
Andrew Mcmillion
Title
Treasurer
Phone
7153691337
Signed
2015-09-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Herrmann
Formed
1985
Legal Domicile
Wi
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
11

Preparer

Firm
Wipfli Llp
Address
43A W DAVENPORT ST, RHINELANDER, WI 54501
Preparer
Randall H Beard CPA
Phone
7153691040
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Prior period adjustment for understatement of beneficial interest in assets 73,928.”

Raw XML Appendix390 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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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt030272
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt029953
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt041724
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt029327
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0153462
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt029873
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.46300
IRS990ScheduleA/PublicSupportPY170Pct00.51510
IRS990ScheduleA/PublicSupportTotal170Amt0132313
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt021823
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt020595
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt016895
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt044501
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt028499
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0132313
IRS990ScheduleA/TotalSupportAmt0285775
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt068639
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1639957
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BENEFICIAL INTEREST IN ASSETS HELD BY GREATER GB FOUNDATION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1LIFE INSURANCE ANNUITIES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01540
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01540
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0708596
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt035828
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROVIDE FOR THE CONTINUED OPERATIONS OF HEADWATERS INC.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0HEADWATERS INC
IRS990ScheduleI/RecipientTable/RecipientEIN0391658017
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01441 TIMBER DRIVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0RHINELANDER
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd054501
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0REQUEST FOR FUNDS IS PRESENTED TO THE BOARD OF DIRECTORS AT A SCHEDULED BOARD MEETING. AT THAT TIME, BOARD MEMBERS REVIEW REQUEST AND VOTE FOR APPROVAL/DISAPPROVAL OF FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED ANNUALLY DURING A BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST AT THE FOUNDATIONS OFFICE IN RHINELANDER WISCONSIN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRIOR PERIOD ADJUSTMENT FOR UNDERSTATEMENT OF BENEFICIAL INTEREST IN ASSETS 73,928.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01111744
IRS990/TotalAssetsEOYAmt01233285
IRS990/TotalAssetsGrp/BOYAmt01111744
IRS990/TotalAssetsGrp/EOYAmt01233285
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt06813
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04060
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01858
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt035828
IRS990/TotalFunctionalExpensesGrp/TotalAmt041746
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01111744
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01233285
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt035828
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0115669
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0122482
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01111744
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01233285
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01111744
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01233285
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01441 E TIMBER DR
IRS990/USAddress/CityNm0RHINELANDER
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd054501
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0HTTP://WWW.HEADWATERSINC.ORG/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ANDREW MCMILLION
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07153691337
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-09-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HEADWATERS FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0HEAD
ReturnHeader/Filer/EIN0391509730
ReturnHeader/Filer/PhoneNum07153691337
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 618
ReturnHeader/Filer/USAddress/CityNm0RHINELANDER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd054501
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390758449
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WIPFLI LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt043A W DAVENPORT ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RHINELANDER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd054501
ReturnHeader/PreparerPersonGrp/PhoneNum07153691040
ReturnHeader/PreparerPersonGrp/PreparationDt02015-09-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RANDALL H BEARD CPA
ReturnHeader/ReturnTs02015-10-20T09:11:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,233,285
Liabilities
$0
Net assets
$1,233,285
Revenue
$122,482
Expenses
$41,746
Net income
$80,736
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$0.00$0.95$0.02$0.10$0.08
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$0.00$0.91$0.03$0.04$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.94$0.00$0.94$0.17$0.18$0.01
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$0.00$0.78$0.03$0.19$0.16
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.00$1.06$0.04$0.04$0.01
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.00$1.03$0.08$0.04$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$0.00$1.02$0.16$0.25$0.09
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.00$1.16$0.05$0.08$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$0.04$0.05$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.23$0.00$1.23$0.12$0.04$0.08
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.11$0.00$1.11$0.10$0.06$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.00$1.07$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.00$0.99$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.00$0.94$0.07