Civic Intelligence

Headwaters Foundation Inc

990 • Fiscal year 2016 • EIN 39-1509730

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 04, 2017

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

14th percentile

0.00x

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

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

Liabilities / Revenue

14th percentile

0.00x

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

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

Net Margin

5th percentile

-65%

Higher net margin than 5% of similar nonprofits.

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

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

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

Asset Growth

40th percentile

-1.0%

Faster asset growth than 40% of similar nonprofits.

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

Revenue Growth

69th percentile

13%

Faster revenue growth than 69% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets14th percentile

Assets

Down

$1,161,658

Down $11,714 (-1.0%) from 2015

Net Assets

Down

$1,161,658

Down $11,714 (-1.0%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin5th percentile

Revenue

Up

$48,962

Up $5,540 (+13%) from 2015

Expenses

Up

$80,626

Up $32,302 (+67%) from 2015

Net Income

Down

-$31,664

Down $26,762 (-546%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth40th 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

2016

Assets$1,161,658
Liabilities$0
Net Assets$1,161,658
Open 2016 Filing

Operations Trend

Revenue Growth69th 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

2016

Revenue$48,962
Expenses$80,626
Net Income-$31,664
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 4, 2017
Return Version
2016v3.0
Gross Receipts
$110,871
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$461,201$443,531▼ $17,670
Cash and Non-Interest-Bearing Accounts$10,964$11,913▲ $949
Savings and Temporary Cash Investments$2,451$0▼ $2,451
Investments Other Securities-$1,279-
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$1,173,372$1,161,658▼ $11,714
Other Assets Total$698,756$704,935▲ $6,179
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,173,372$1,161,658▼ $11,714
Total Net Assets Fund Balance$1,173,372$1,161,658▼ $11,714
Total Liabilities and Net Assets / Fund Balance$1,173,372$1,161,658▼ $11,714

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$1,540$1,540
Other Assets Org$704,935--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Dennis HerrmannPresident
Ron BosiVice President
JOSEPH BrauerBoard Member
Jeffrey CummingsBoard Member
Jennifer FeltyBoard Member
Joe DuchacBoard Member
John StaunerbOARD MEMBER
Patrick MarquartBoard Member
Tom PetersonBoard Member
Kasha Herrmann FlandersSecretary
Andy McmillionTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$22,244
Program Service Revenue
$0
Investment Income
$10,269
Other Revenue
$16,449
All Other Contributions
$7,229
Change in Net Assets
$-31,664
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$77,708
Other Expenses$2,918
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$77,708--$77,708
Office Expenses-$1,173-$1,173
Fees for Services Accounting-$1,100-$1,100
Other Expenses$133--$133
Fees for Service Investment Mgmnt Fees-$79-$79
Total Functional Expenses$78,274$2,352$0$80,626
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Headwaters IncRhinelander, WI501(c)(3)To Provide for the Continued Operations of Headwaters Inc.$77,708
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$3,496
Fundraising Gross Income$0
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 11B

“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
2017-10-04
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
Wipfli LLP
Address
43A W Davenport Street, Rhinelander, WI 54501
Preparer
Randall H Beard CPA
Phone
7153691040
Raw XML Appendix395 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/CurrentTaxYearMinus3YearsAmt030272
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt029953
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0124329
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt011178
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.44780
IRS990ScheduleA/PublicSupportPY170Pct00.45610
IRS990ScheduleA/PublicSupportTotal170Amt0100812
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt022244
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt019255
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt021823
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt020595
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt016895
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0100812
IRS990ScheduleA/TotalSupportAmt0225141
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0704935
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Life Insurance Annuities
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01540
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01540
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0704935
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt077708
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/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01173372
IRS990/TotalAssetsEOYAmt01161658
IRS990/TotalAssetsGrp/BOYAmt01173372
IRS990/TotalAssetsGrp/EOYAmt01161658
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt022244
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02352
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt078274
IRS990/TotalFunctionalExpensesGrp/TotalAmt080626
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01173372
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01161658
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt078274
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-3496
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt030214
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt048962
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01173372
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01161658
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01173372
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01161658
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01441 E TIMBER DR
IRS990/USAddress/CityNm0RHINELANDER
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd054501
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0http://www.headwatersinc.org/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Andrew McMillion
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07153691337
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-04
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0E6704C36D5D544E165F2E421AF48DA7ACFA90B78
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.191.108.154
ReturnHeader/FilingSecurityInformation/IPDt02017-10-04
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm016:02:17
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390758449
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Wipfli LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt043A W Davenport Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Rhinelander
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd054501
ReturnHeader/PreparerPersonGrp/PhoneNum07153691040
ReturnHeader/PreparerPersonGrp/PreparationDt02017-10-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RANDALL H BEARD CPA
ReturnHeader/ReturnTs02017-10-23T09:28:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$1,161,658
Liabilities
$0
Net assets
$1,161,658
Revenue
$48,962
Expenses
$80,626
Net income
-$31,664
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
2016Detailed filing. Detailed filing data is available for this year.$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
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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