Civic Intelligence

Racine Area Veterans Inc.

990 • Fiscal year 2020 • EIN 39-1979802

Jul 01, 2019 to Jun 30, 2020 • Filed on Jul 28, 2021

Organization ProfileN/A
820 Main StreetRacine, WI 53403

(262) 632-6255

Siviq Scores

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

Liabilities / Assets

74th percentile

0.27x

Higher debt load relative to assets than 74% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

97th percentile

4.80x

Higher debt load relative to revenue than 97% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

53rd percentile

7.9%

Higher net margin than 53% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

13th percentile

-8.9%

Faster asset growth than 13% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2020

Revenue Growth

10th percentile

-48%

Faster revenue growth than 10% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2020

Balance Sheet
Liabilities / Assets74th percentile

Assets

Down

$502,677

Down $102,954 (-17%) from 2018

Net Assets

Down

$367,677

Down $226,155 (-38%) from 2018

Liabilities

Up

$135,000

Up $123,201 (+1044%) from 2018

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin53rd percentile

Revenue

Down

$28,134

Down $76,134 (-73%) from 2018

Expenses

Down

$25,903

Down $110,069 (-81%) from 2018

Net Income

Up

$2,231

Up $33,935 (+107%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$1.0M$500K$0Assets 2011: $855,165Liabilities 2011: $0Net Assets 2011: $855,1652011Assets 2012: $840,622Liabilities 2012: $0Net Assets 2012: $840,6222012Assets 2013: $870,226Liabilities 2013: $0Net Assets 2013: $870,2262013Assets 2014: $901,942Liabilities 2014: $0Net Assets 2014: $901,9422014Assets 2015: $864,372Liabilities 2015: $0Net Assets 2015: $864,3722015Assets 2016: $835,398Liabilities 2016: $0Net Assets 2016: $835,3982016Assets 2017: $637,335Liabilities 2017: $0Net Assets 2017: $637,3352017Assets 2018: $605,631Liabilities 2018: $11,799Net Assets 2018: $593,8322018Assets 2020: $502,677Liabilities 2020: $135,000Net Assets 2020: $367,6772020Assets 2021: $493,395Liabilities 2021: $0Net Assets 2021: $493,3952021Assets 2022: $601,060Liabilities 2022: $94,463Net Assets 2022: $506,5972022Assets 2023: $589,226Liabilities 2023: $83,854Net Assets 2023: $505,3722023Assets 2024: $624,111Liabilities 2024: $69,341Net Assets 2024: $554,7702024Assets 2025: $611,026Liabilities 2025: $38,013Net Assets 2025: $573,0132025

Highlighted filing

2020

Assets$502,677
Liabilities$135,000
Net Assets$367,677
Open 2020 Filing

Operations Trend

Revenue Growth10th percentile

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

$200K$100K$0-$100KExpenses 2011: $24,7532011Revenue 2012: $9,902Expenses 2012: $22,377Net Income 2012: -$12,4752012Revenue 2013: $35,501Expenses 2013: $17,771Net Income 2013: $17,7302013Revenue 2014: $53,103Expenses 2014: $21,387Net Income 2014: $31,7162014Revenue 2015: $62,063Expenses 2015: $66,083Net Income 2015: -$4,0202015Revenue 2016: $30,824Expenses 2016: $34,746Net Income 2016: -$3,9222016Revenue 2017: $48,613Expenses 2017: $60,452Net Income 2017: -$11,8392017Revenue 2018: $104,268Expenses 2018: $135,972Net Income 2018: -$31,7042018Revenue 2020: $28,134Expenses 2020: $25,903Net Income 2020: $2,2312020Revenue 2021: $170,344Expenses 2021: $44,626Net Income 2021: $125,7182021Revenue 2022: $48,774Expenses 2022: $35,572Net Income 2022: $13,2022022Revenue 2023: $38,561Expenses 2023: $39,786Net Income 2023: -$1,2252023Revenue 2024: $81,380Expenses 2024: $31,982Net Income 2024: $49,3982024Revenue 2025: $56,808Expenses 2025: $38,565Net Income 2025: $18,2432025

Highlighted filing

2020

Revenue$28,134
Expenses$25,903
Net Income$2,231
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jul 28, 2021
Return Version
2019v5.0
Gross Receipts
$41,853
Mission and Program Overview

Mission

RAVI maintains a museum of military history, represent & support past & present military personnel & promotes cultural & educational activities & events for the benefit of veterans, their families, & the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$461,504$469,112▲ $7,608
Cash and Non-Interest-Bearing Accounts$24,199$26,914▲ $2,715
Savings and Temporary Cash Investments$14,743$6,451▼ $8,292
Accounts Receivable-$200-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$500,446$502,677▲ $2,231
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable$135,000$135,000→ $0
Total Liabilities$135,000$135,000→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$365,446$367,677▲ $2,231
Total Net Assets Fund Balance$365,446$367,677▲ $2,231
Total Liabilities and Net Assets / Fund Balance$500,446$502,677▲ $2,231

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$308,256$188,742$496,998
Land$113,705-$113,705
Leasehold Improvements$42,991$20,528$63,519
Other Land Buildings$4,160$46,187$50,347
Equipment-$10,000$10,000
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Stephan KlinkhammerPresident
William MayVice President
Revenue and Support

Revenue Composition

Contributions and Grants
$10,958
Program Service Revenue
$0
Investment Income
$36
Other Revenue
$17,140
All Other Contributions
$10,958
Change in Net Assets
$2,231
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$25,903
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$10,940--$10,940
Insurance$7,162--$7,162
Other Expenses$876--$876
All Other Expenses$821--$821
Office Expenses$752--$752
Total Functional Expenses$25,903$0$0$25,903
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Reviewed with the Board of Directors and open to all members”

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

“Upon request to the Board”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Racine Area Veterans Inc
EIN
39-1979802
Address
820 Main Street, Racine, WI 53403

Signing Officer

Name
William May
Title
Vice President
Signed
2021-07-28
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
2
Independent Board Members
0
Employees
0

Preparer

Firm
Frank E Sterbin CPA SC
Address
4501 Washington Avenue, Racine, WI 53405
Preparer
Frank E Sterbin
Phone
2626389005
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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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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt025903
IRS990/TotalFunctionalExpensesGrp/TotalAmt025903
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0135000
IRS990/TotalLiabilitiesEOYAmt0135000
IRS990/TotalLiabilitiesGrp/BOYAmt0135000
IRS990/TotalLiabilitiesGrp/EOYAmt0135000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0365446
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0367677
IRS990/TotalProgramServiceExpensesAmt025903
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt036
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt017140
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt028134
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0500446
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0502677
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0135000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0135000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0820 Main Street
IRS990/USAddress/CityNm0Racine
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053403
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0William May
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice President
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Racine Area Veterans Inc
ReturnHeader/Filer/BusinessNameControlTxt0RACI
ReturnHeader/Filer/EIN0391979802
ReturnHeader/Filer/USAddress/AddressLine1Txt0820 Main Street
ReturnHeader/Filer/USAddress/CityNm0Racine
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053403
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0320044911
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Frank E Sterbin CPA SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04501 Washington Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Racine
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd053405
ReturnHeader/PreparerPersonGrp/PhoneNum02626389005
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Frank E Sterbin
ReturnHeader/ReturnTs02021-08-02T14:39:29-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$502,677
Liabilities
$135,000
Net assets
$367,677
Revenue
$28,134
Expenses
$25,903
Net income
$2,231
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.11$0.38$5.73$0.57$0.39$0.18
2024Detailed filing. Detailed filing data is available for this year.$6.24$0.69$5.55$0.81$0.32$0.49
2023Detailed filing. Detailed filing data is available for this year.$5.89$0.84$5.05$0.39$0.40$0.01
2022Detailed filing. Detailed filing data is available for this year.$6.01$0.94$5.07$0.49$0.36$0.13
2021Detailed filing. Detailed filing data is available for this year.$4.93$0.00$4.93$1.70$0.45$1.26
2020Detailed filing. Detailed filing data is available for this year.$5.03$1.35$3.68$0.28$0.26$0.02
2018Detailed filing. Detailed filing data is available for this year.$6.06$0.12$5.94$1.04$1.36$0.32
2017Detailed filing. Detailed filing data is available for this year.$6.37$0.00$6.37$0.49$0.60$0.12
2016Detailed filing. Detailed filing data is available for this year.$8.35$0.00$8.35$0.31$0.35$0.04
2015Detailed filing. Detailed filing data is available for this year.$8.64$0.00$8.64$0.62$0.66$0.04
2014Detailed filing. Detailed filing data is available for this year.$9.02$0.00$9.02$0.53$0.21$0.32
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.70$0.00$8.70$0.36$0.18$0.18
2012Summary only. Only limited summary data is available for this year.$8.41$0.00$8.41$0.10$0.22$0.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.55$0.00$8.55$0.25