Civic Intelligence

The Rec Center Ltd.

990 • Fiscal year 2016 • EIN 42-1373886

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 20, 2016

200 E Monroe StMT Pleasant, IA 52641

(319) 385-2960

Siviq Scores

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

Liabilities / Assets

46th percentile

0.08x

Higher debt load relative to assets than 46% of similar nonprofits.

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

Liabilities / Revenue

63rd percentile

0.21x

Higher debt load relative to revenue than 63% of similar nonprofits.

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

Net Margin

56th percentile

4.2%

Higher net margin than 56% of similar nonprofits.

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

Top Officer Pay

54th percentile

$71,407

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 13.7% of source-year revenue.

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

Asset Growth

44th percentile

-0.1%

Faster asset growth than 44% of similar nonprofits.

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

Revenue Growth

65th percentile

9.7%

Faster revenue growth than 65% of similar nonprofits.

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

Assets

Down

$1,438,394

Down $725 (-0.1%) from 2015

Net Assets

Up

$1,328,414

Up $27,340 (+2.1%) from 2015

Liabilities

Down

$109,980

Down $28,065 (-20%) from 2015

Revenue

Up

$519,662

Up $45,911 (+9.7%) from 2015

Expenses

Up

$497,834

Up $4,430 (+0.9%) from 2015

Net Income

Up

$21,828

Up $41,481 (+211%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $1,393,798Liabilities 2010: $84,443Net Assets 2010: $1,309,3552010Assets 2011: $1,373,968Liabilities 2011: $73,885Net Assets 2011: $1,300,0832011Assets 2012: $1,333,611Liabilities 2012: $50,609Net Assets 2012: $1,283,0022012Assets 2013: $1,341,957Liabilities 2013: $44,974Net Assets 2013: $1,296,9832013Assets 2014: $1,445,934Liabilities 2014: $125,207Net Assets 2014: $1,320,7272014Assets 2015: $1,439,119Liabilities 2015: $138,045Net Assets 2015: $1,301,0742015Assets 2016: $1,438,394Liabilities 2016: $109,980Net Assets 2016: $1,328,4142016Assets 2017: $1,416,400Liabilities 2017: $52,233Net Assets 2017: $1,364,1672017Assets 2018: $1,419,327Liabilities 2018: $36,798Net Assets 2018: $1,382,5292018Assets 2019: $1,417,232Liabilities 2019: $39,718Net Assets 2019: $1,377,5142019Assets 2020: $1,427,983Liabilities 2020: $158,543Net Assets 2020: $1,269,4402020Assets 2021: $1,442,628Liabilities 2021: $92,781Net Assets 2021: $1,349,8472021Assets 2022: $1,357,068Liabilities 2022: $63,027Net Assets 2022: $1,294,0412022Assets 2023: $1,286,549Liabilities 2023: $79,166Net Assets 2023: $1,207,3832023Assets 2024: $1,278,754Liabilities 2024: $140,725Net Assets 2024: $1,138,0292024Assets 2025: $1,200,623Liabilities 2025: $147,612Net Assets 2025: $1,053,0112025

Highlighted filing

2016

Assets$1,438,394
Liabilities$109,980
Net Assets$1,328,414

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $260,0632010Expenses 2011: $275,7922011Expenses 2012: $346,3172012Revenue 2013: $417,670Expenses 2013: $403,689Net Income 2013: $13,9812013Revenue 2014: $453,059Expenses 2014: $429,315Net Income 2014: $23,7442014Revenue 2015: $473,751Expenses 2015: $493,404Net Income 2015: -$19,6532015Revenue 2016: $519,662Expenses 2016: $497,834Net Income 2016: $21,8282016Revenue 2017: $568,767Expenses 2017: $538,918Net Income 2017: $29,8492017Revenue 2018: $545,095Expenses 2018: $530,483Net Income 2018: $14,6122018Revenue 2019: $572,637Expenses 2019: $577,202Net Income 2019: -$4,5652019Revenue 2020: $468,013Expenses 2020: $576,087Net Income 2020: -$108,0742020Revenue 2021: $590,231Expenses 2021: $539,342Net Income 2021: $50,8892021Revenue 2022: $585,940Expenses 2022: $609,195Net Income 2022: -$23,2552022Revenue 2023: $494,810Expenses 2023: $606,586Net Income 2023: -$111,7762023Revenue 2024: $508,345Expenses 2024: $588,357Net Income 2024: -$80,0122024Revenue 2025: $532,111Expenses 2025: $624,305Net Income 2025: -$92,1942025

Highlighted filing

2016

Revenue$519,662
Expenses$497,834
Net Income$21,828
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 20, 2016
Return Version
2015v3.0
Gross Receipts
$519,662
Mission and Program Overview

Mission

It is the mission of the rec center to promote quality living and well-being for people of all ages through fitness, recreation and wellness opportunities.

Recreational facilities for henry county, iowa. The mission of the rec center is to promote quality living and well-being for people of all ages through fitness, recreation, and wellness opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,305,343$1,271,990▼ $33,353
Savings and Temporary Cash Investments$64,361$81,477▲ $17,116
Investments in Publicly Traded Securities$64,970$77,809▲ $12,839
Prepaid Expenses and Deferred Charges$3,944$6,617▲ $2,673
Cash and Non-Interest-Bearing Accounts$501$501→ $0
Total Assets$1,439,119$1,438,394▼ $725
Liabilities
Unsecured Notes Loans Payable$91,370$63,387▼ $27,983
Deferred Revenue$34,229$36,269▲ $2,040
Accounts Payable and Accrued Expenses$12,446$10,324▼ $2,122
Total Liabilities$138,045$109,980▼ $28,065
Net Assets / Fund Balance
Unrestricted Net Assets$1,235,685$1,257,825▲ $22,140
Permanently Rstr Net Assets$64,970$70,170▲ $5,200
Temporarily Rstr Net Assets$419$419→ $0
Total Net Assets Fund Balance$1,301,074$1,328,414▲ $27,340
Total Liabilities and Net Assets / Fund Balance$1,439,119$1,438,394▼ $725

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,000,715$925,331$1,926,046
Equipment$130,775$203,130$333,905
Land$140,500-$140,500

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$64,970$5,200▲ $9,111-$77,809
2014$64,970---$64,970
2013$60,000$4,970--$64,970
2012$51,455$8,545--$60,000
2011$51,455---$51,455
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ryan DuffieExecutive DiFT$62,915$8,492$71,407

Board Members and Trustees

NameTitle
Steven RodPresident
Bonnie KremerDirector
Jim BeckerDirector
Marshall CottonDirector
Reed WenstrandDirector
Tom YoungDirector
Vickie LarsonDirector
Amanda RundquistSecretary
David GeorgeV-p/treasure
Revenue and Support

Revenue Composition

Contributions and Grants
$19,086
Program Service Revenue
$489,637
Investment Income
$10,939
Other Revenue
$0
All Other Contributions
$19,086
Change in Net Assets
$21,828
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$272,588
Salaries, Compensation, and Employee Benefits$225,246
Total Fundraising Expense$8,883
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$133,568--$133,568
Occupancy$102,481--$102,481
Depreciation Depletion$78,232--$78,232
Current Officers, Directors, Trustees, and Key Employees$7,208$57,662$7,208$72,078
Payroll Taxes$11,236$4,115$475$15,826
Advertising$13,978--$13,978
Insurance$9,652--$9,652
Other Expenses$6,905--$6,905
Office Expenses$5,270-$1,200$6,470
Fees for Services Accounting-$6,453-$6,453
Interest$5,631--$5,631
All Other Expenses$5,478--$5,478
Fees for Services Other$4,489--$4,489
Other Employee Benefits$3,774--$3,774
Total Functional Expenses$420,721$68,230$8,883$497,834
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
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
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, Page 6, Part VI, Line 11B

All board members were given a copy of the 990 to review before it was filed.

Form 990, Page 6, Part VI, Line 12C

Board has monthly meetings during which they discuss any conflict of interests that might arise.

Form 990, Page 6, Part VI, Line 15A

The board of directors met and reviewed the qualifications of the executive director candidate and determined compensation based on qualifications and experience.

Form 990, Page 6, Part VI, Line 19

The organization has a copy of the 990 available to anyone to inspect upon request.

Filing and Contact Details

Filer

Filer Name
The Rec Center Ltd
EIN
42-1373886
Phone
3193852960
Address
200 E MONROE ST, MT PLEASANT, IA 52641

Signing Officer

Name
David George
Title
V-p/treasurer
Phone
3193852214
Signed
2016-01-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Rod
Formed
1991
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
Employees
36
Volunteers
25

Preparer

Firm
Td&t Cpas and Advisors Pc
Address
204 NORTH MAIN, MT PLEASANT, IA 52641
Preparer
Tammy K Alliman CPA
Phone
3193859718
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The board created the endowmennt fund to be utilitzed to finance large special projects outsite the normal budgeted items. The intent is to have an endowment large enough to finance special projects with the endownment fund earnings. Currently the fund is not large enough or generating sizable earning to fund any projects. The board has designed the endowment to be accessible for normal budget items if the financial condition of the organization is in the dire need of financial resources.

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IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1RECREATIONAL FACILITY
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0489637
IRS990/SavingsAndTempCashInvstGrp/BOYAmt064361
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt040655
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0277114
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt037
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0137
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0120
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03984
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01680173
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IRS990ScheduleA/PublicSupportPY170Pct00.98330
IRS990ScheduleA/PublicSupportTotal170Amt0402927
IRS990ScheduleA/SubstantialContributorsTotAmt013600
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt019086
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt031015
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt048657
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt040655
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0277114
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0416527
IRS990ScheduleA/TotalSupportAmt0420511
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01000715
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0925331
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01926046
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt01472
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt064970
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt05200
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt077809
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt09111
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt064970
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt064970
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt060000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt04970
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt064970
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt051455
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt08545
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt060000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt051455
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt051455
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0130775
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0203130
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0333905
IRS990ScheduleD/LandGrp/BookValueAmt0140500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0140500
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE BOARD CREATED THE ENDOWMENNT FUND TO BE UTILITZED TO FINANCE LARGE SPECIAL PROJECTS OUTSITE THE NORMAL BUDGETED ITEMS. THE INTENT IS TO HAVE AN ENDOWMENT LARGE ENOUGH TO FINANCE SPECIAL PROJECTS WITH THE ENDOWNMENT FUND EARNINGS. CURRENTLY THE FUND IS NOT LARGE ENOUGH OR GENERATING SIZABLE EARNING TO FUND ANY PROJECTS. THE BOARD HAS DESIGNED THE ENDOWMENT TO BE ACCESSIBLE FOR NORMAL BUDGET ITEMS IF THE FINANCIAL CONDITION OF THE ORGANIZATION IS IN THE DIRE NEED OF FINANCIAL RESOURCES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01271990
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL BOARD MEMBERS WERE GIVEN A COPY OF THE 990 TO REVIEW BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD HAS MONTHLY MEETINGS DURING WHICH THEY DISCUSS ANY CONFLICT OF INTERESTS THAT MIGHT ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS MET AND REVIEWED THE QUALIFICATIONS OF THE EXECUTIVE DIRECTOR CANDIDATE AND DETERMINED COMPENSATION BASED ON QUALIFICATIONS AND EXPERIENCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS A COPY OF THE 990 AVAILABLE TO ANYONE TO INSPECT UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt019086
IRS990/TotalEmployeeCnt036
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt08883
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt068230
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0420721
IRS990/TotalFunctionalExpensesGrp/TotalAmt0497834
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0138045
IRS990/TotalLiabilitiesEOYAmt0109980
IRS990/TotalLiabilitiesGrp/BOYAmt0138045
IRS990/TotalLiabilitiesGrp/EOYAmt0109980
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01301074
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IRS990/TotalOtherCompensationAmt08492
IRS990/TotalProgramServiceExpensesAmt0420721
IRS990/TotalProgramServiceRevenueAmt0489637
IRS990/TotalReportableCompFromOrgAmt062915
IRS990/TotalRevenueGrp/ExclusionAmt010939
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0489637
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0519662
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01439119
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01438394
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01235685
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01257825
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt091370
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt063387
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0200 E MONROE
IRS990/USAddress/CityNm0MT PLEASANT
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052641
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.MPRECCENTER.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.20$0.15$1.05$0.53$0.62$0.09
2024Detailed filing. Detailed filing data is available for this year.$1.28$0.14$1.14$0.51$0.59$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.29$0.08$1.21$0.49$0.61$0.11
2022Detailed filing. Detailed filing data is available for this year.$1.36$0.06$1.29$0.59$0.61$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$0.09$1.35$0.59$0.54$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.43$0.16$1.27$0.47$0.58$0.11
2019Detailed filing. Detailed filing data is available for this year.$1.42$0.04$1.38$0.57$0.58$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.42$0.04$1.38$0.55$0.53$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.42$0.05$1.36$0.57$0.54$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.44$0.11$1.33$0.52$0.50$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.44$0.14$1.30$0.47$0.49$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.45$0.13$1.32$0.45$0.43$0.02
2013Summary only. Only limited summary data is available for this year.$1.34$0.04$1.30$0.42$0.40$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$0.05$1.28$0.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.37$0.07$1.30$0.28
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.08$1.31$0.26