Civic Intelligence

Reconnecting Mcdowell Inc.

990 • Fiscal year 2020 • EIN 45-5298982

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

1320 Kanawha Boulevard ECharleston, WV 25301

(304) 344-2679

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.65x

Higher debt load relative to assets than 83% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

94th percentile

5.14x

Higher debt load relative to revenue than 94% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

49th percentile

3.8%

Higher net margin than 49% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

31st percentile

0.5%

Faster asset growth than 31% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

5th percentile

-60%

Faster revenue growth than 5% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$7,273,489

Up $38,408 (+0.5%) from 2019

Net Assets

Up

$2,512,479

Up $20,241 (+0.8%) from 2019

Liabilities

Up

$4,761,010

Up $18,167 (+0.4%) from 2019

Revenue

Down

$925,476

Down $1,383,646 (-60%) from 2019

Expenses

Up

$890,098

Up $148,208 (+20%) from 2019

Net Income

Down

$35,378

Down $1,531,854 (-98%) from 2019

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2014: $152,506Liabilities 2014: $02014Assets 2015: $403,964Liabilities 2015: $0Net Assets 2015: $403,9642015Assets 2016: $1,160,066Liabilities 2016: $527Net Assets 2016: $1,159,5392016Assets 2017: $1,236,017Liabilities 2017: $308,427Net Assets 2017: $927,5902017Assets 2018: $1,233,433Liabilities 2018: $308,427Net Assets 2018: $925,0062018Assets 2019: $7,235,081Liabilities 2019: $4,742,843Net Assets 2019: $2,492,2382019Assets 2020: $7,273,489Liabilities 2020: $4,761,010Net Assets 2020: $2,512,4792020Assets 2021: $8,031,271Liabilities 2021: $4,965,391Net Assets 2021: $3,065,8802021Assets 2022: $8,191,772Liabilities 2022: $4,973,890Net Assets 2022: $3,217,8822022Assets 2023: $7,975,384Liabilities 2023: $4,602,355Net Assets 2023: $3,373,0292023

Highlighted filing

2020

Assets$7,273,489
Liabilities$4,761,010
Net Assets$2,512,479

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $184,737Expenses 2014: $37,108Net Income 2014: $147,6292014Revenue 2015: $918,513Expenses 2015: $669,055Net Income 2015: $249,4582015Revenue 2016: $1,525,004Expenses 2016: $769,429Net Income 2016: $755,5752016Revenue 2017: $584,131Expenses 2017: $566,080Net Income 2017: $18,0512017Revenue 2018: $565,803Expenses 2018: $562,155Net Income 2018: $3,6482018Revenue 2019: $2,309,122Expenses 2019: $741,890Net Income 2019: $1,567,2322019Revenue 2020: $925,476Expenses 2020: $890,098Net Income 2020: $35,3782020Revenue 2021: $1,560,522Expenses 2021: $1,008,342Net Income 2021: $552,1802021Revenue 2022: $1,347,217Expenses 2022: $1,195,215Net Income 2022: $152,0022022Revenue 2023: $1,798,009Expenses 2023: $1,831,591Net Income 2023: -$33,5822023

Highlighted filing

2020

Revenue$925,476
Expenses$890,098
Net Income$35,378
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$925,476
Mission and Program Overview

Mission

Our mission is to commit to working together along with the community members, educators, business leaders, foundations and other stakeholders to develop a multi-faceted plan of action that includes education, services for students and their families, transportation, housing, jobs. Our pledge is to create a new reality to help the McDowell community to build a new personal, institutional and programmatic infrastructure for success.

To sustain a comprehensive, long-term effort in mcdowell county, west virginia to make educational improvements and address the associated complex problems of poverty, drug and alcohol abuse, shortage of safe housing, limited medical services, and inadequate access to technology and transportation; all of which contribute to underperforming schools and the continuation of current conditions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$6,233,800$6,233,800→ $0
Investments Program Related$761,262$666,912▼ $94,350
Savings and Temporary Cash Investments$149,039$54,431▼ $94,608
Intangible Assets$27,666$53,166▲ $25,500
Cash and Non-Interest-Bearing Accounts$63,814$23,380▼ $40,434
Land, Buildings, and Equipment, Net-$6,800-
Total Assets$7,235,581$7,273,489▲ $37,908
Other Assets Total-$235,000-
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,434,416$4,434,416→ $0
Other Liabilities$308,427$308,427→ $0
Accounts Payable and Accrued Expenses-$18,167-
Total Liabilities$4,742,843$4,761,010▲ $18,167
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,474,738$2,512,079▲ $37,341
Net Assets With Donor Restrictions$18,000$400▼ $17,600
Total Net Assets Fund Balance$2,492,738$2,512,479▲ $19,741
Total Liabilities and Net Assets / Fund Balance$7,235,581$7,273,489▲ $37,908

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$6,800-$6,800
Investment Program Related Org$666,912--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gayle ManchinChair
Randi WeingartenPresident
Anne BarthDirector
Bob WiseDirector
Carolyn FalinDirector
Cecil RobertsDirector
Clif MooreDirector
Dale LeeDirector
Fred AlbertDirector
Ginger DayDirector
Gordon LambertDirector
Homer HickamDirector
Joe FordDirector
Josh SwordDirector
Liz ShulerDirector
Mark ShriverDirector
Nelson SpencerDirector
Paul BreedloveDirector
Randal JohnsonDirector
Rebecca Mcphail RandolphDirector
Robert PlymaleDirector
Sharon PowellDirector
Tim CroftonDirector
Tom HeywoodSecretary
Bob BrownTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$996,449
Program Service Revenue
$0
Investment Income
$28,398
Other Revenue
$-99,371
All Other Contributions
$996,449
Change in Net Assets
$35,378

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$405,800Indep Cash Expenditures
Other Non Cash Contri Table1$120,952Indep Cash Expenditures
Other Non Cash Contri Table1$55,298Indep Cash Expenditures
Other Non Cash Contri Table1$45,149Indep Cash Expenditures
Total Noncash Contributions4$627,199-

Audited Revenue Reconciliation

Revenue per Audited Statements
$925,476
Total Revenue per Audited Statements
$925,476
Total Revenue per Form 990
$925,476
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$826,313
Total Fundraising Expense$62,165
Grants and Similar Amounts Paid$55,200
Salaries, Compensation, and Employee Benefits$8,585
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$92,476--$92,476
Grants to Domestic Individuals$54,600--$54,600
Other Expenses$38,760$115,949$48,533$38,760
All Other Expenses$16,393$5,003$6,765$28,161
Insurance$14,965$7,747-$22,712
Fees for Services Accounting$13,885$4,525-$18,410
Office Expenses$4,643$6,520$6,867$18,030
Conferences and Meetings$11,462$3,021-$14,483
Fees for Services Other$12,709$1,043-$13,752
Occupancy$10,928--$10,928
Other Salaries and Wages$7,611--$7,611
Advertising$7,258--$7,258
Fees for Services Legal$1,066--$1,066
Payroll Taxes$925--$925
Grants to Domestic Orgs$600--$600
Pension Plan Contributions$49--$49
Total Functional Expenses$684,125$143,808$62,165$890,098

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$890,098
Total Expenses per Audited Statements$890,098
Total Expenses per Form 990$890,098
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Amount Due Developer for Site Work$308,427
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
No
Management duties delegated
No

Governance Explanations

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

The organization's treasurer reviews the return with the independent accountant for completeness and accuracy when it is presented for signature. The treasurer informs the board of directors at its next meeting that the return has been filed; a public inspection copy has been made available in the organization's main office; and a copy has been posted to the organization's private secure web-portal for board members. The officer(s) will also typically discuss with the board any significant changes or observations that come from the return preparation.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents and form 990 are available for inspection in the management agent's main office during normal business hours. Advance notice is requested.

Filing and Contact Details

Filer

Filer Name
Reconnecting Mcdowell Inc
EIN
45-5298982
Phone
3043442679
Address
1320 KANAWHA BOULEVARD E, CHARLESTON, WV 25301

Signing Officer

Name
Bob Brown
Title
Treasurer
Phone
3043442679
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randi Weingarten
Formed
2012
Legal Domicile
Wv
Voting Board Members
25
Independent Board Members
25
Employees
0
Volunteers
25

Preparer

Firm
Blair & Company
Address
179 SUMMERS ST STE 721, CHARLESTON, WV 25301
Preparer
John D Blair Jr
Phone
3043434603
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To sustain a comprehensive, long-term effort in mcdowell county, west virginia to make educational improvements and address the associated complex problems of poverty, drug and alcohol abuse, shortage of safe housing, limited medical services, and inadequate access to technology and transportation; all of which contribute to underperforming schools and the continuation of current conditions.

Form 990, Page 1, Part I, Line 6

Members of the board of directors serve without compensation.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
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IRS990/MissionDesc0TO SUSTAIN A COMPREHENSIVE, LONG-TERM EFFORT IN MCDOWELL COUNTY, WEST VIRGINIA TO MAKE EDUCATIONAL IMPROVEMENTS AND ADDRESS THE ASSOCIATED COMPLEX PROBLEMS OF POVERTY, DRUG AND ALCOHOL ABUSE, SHORTAGE OF SAFE HOUSING, LIMITED MEDICAL SERVICES, AND INADEQUATE ACCESS TO TECHNOLOGY AND TRANSPORTATION; ALL OF WHICH CONTRIBUTE TO UNDERPERFORMING SCHOOLS AND THE CONTINUATION OF CURRENT CONDITIONS.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 4,759
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