Civic Intelligence

Reclaimed Resale Inc.

990 • Fiscal year 2022 • EIN 46-5628708

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 09, 2023

407 E MT Vernon PO Box 731Metamora, IL 61548

(309) 696-5322

Siviq Scores

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

Liabilities / Assets

68th percentile

0.10x

Higher debt load relative to assets than 68% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

73rd percentile

0.16x

Higher debt load relative to revenue than 73% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

63rd percentile

14%

Higher net margin than 63% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

54th percentile

3.5%

Faster asset growth than 54% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

53rd percentile

11%

Faster revenue growth than 53% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$654,513

Up $22,031 (+3.5%) from 2021

Net Assets

Up

$586,857

Up $61,170 (+12%) from 2021

Liabilities

Down

$67,656

Down $39,139 (-37%) from 2021

Revenue

Up

$424,504

Up $41,224 (+11%) from 2021

Expenses

Up

$363,334

Up $29,166 (+8.7%) from 2021

Net Income

Up

$61,170

Up $12,058 (+25%) from 2021

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2015: $170,800Liabilities 2015: $96,6172015Assets 2016: $175,095Liabilities 2016: $79,4252016Assets 2017: $446,511Liabilities 2017: $251,807Net Assets 2017: $194,7042017Assets 2018: $458,927Liabilities 2018: $224,201Net Assets 2018: $234,7262018Assets 2019: $595,590Liabilities 2019: $156,321Net Assets 2019: $439,2692019Assets 2020: $610,816Liabilities 2020: $134,241Net Assets 2020: $476,5752020Assets 2021: $632,482Liabilities 2021: $106,795Net Assets 2021: $525,6872021Assets 2022: $654,513Liabilities 2022: $67,656Net Assets 2022: $586,8572022Assets 2023: $684,733Liabilities 2023: $35,329Net Assets 2023: $649,4042023Assets 2024: $677,875Liabilities 2024: $0Net Assets 2024: $677,8752024

Highlighted filing

2022

Assets$654,513
Liabilities$67,656
Net Assets$586,857

Operations Trend

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

$600K$400K$200K$0Revenue 2015: $130,908Expenses 2015: $100,091Net Income 2015: $30,8172015Revenue 2016: $151,168Expenses 2016: $129,681Net Income 2016: $21,4872016Revenue 2017: $268,855Expenses 2017: $169,821Net Income 2017: $99,0342017Revenue 2018: $286,287Expenses 2018: $246,265Net Income 2018: $40,0222018Revenue 2019: $483,859Expenses 2019: $279,316Net Income 2019: $204,5432019Revenue 2020: $293,543Expenses 2020: $256,237Net Income 2020: $37,3062020Revenue 2021: $383,280Expenses 2021: $334,168Net Income 2021: $49,1122021Revenue 2022: $424,504Expenses 2022: $363,334Net Income 2022: $61,1702022Revenue 2023: $460,239Expenses 2023: $397,692Net Income 2023: $62,5472023Revenue 2024: $492,531Expenses 2024: $464,060Net Income 2024: $28,4712024

Highlighted filing

2022

Revenue$424,504
Expenses$363,334
Net Income$61,170
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 9, 2023
Return Version
2022v5.0
Gross Receipts
$424,504
Mission and Program Overview

Mission

Operation of a thrift store with net profits being donated to various students, families and charities in need.

Mission - accept donated goods and transform them into proceeds and gifts that enrich the quality of life for our students, families, and local charities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$481,354$472,597▼ $8,757
Savings and Temporary Cash Investments$102,875$130,632▲ $27,757
Cash and Non-Interest-Bearing Accounts$48,253$51,284▲ $3,031
Total Assets$632,482$654,513▲ $22,031
Liabilities
Mortgage Notes Payable Secured by Investment Property$106,795$67,656▼ $39,139
Total Liabilities$106,795$67,656▼ $39,139
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$525,687$571,857▲ $46,170
Net Assets With Donor Restrictions-$15,000-
Total Net Assets Fund Balance$525,687$586,857▲ $61,170
Total Liabilities and Net Assets / Fund Balance$632,482$654,513▲ $22,031

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$397,957$75,691$473,648
Land$70,750-$70,750
Equipment$3,890$19,876$23,766
Compensation and Service Providers

Board Members and Trustees

NameTitle
Frank GutweinPresident
Keith SwartzentruberVice-president
Anita CummingsDirector
Bryan ArgoDirector
Marty PayneDirector
Michael HasselbuschDirector
Kevin RauhExecutive Director
Richard S WinklerSecretarytreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$36,290
Program Service Revenue
$385,032
Investment Income
$64
Other Revenue
$3,118
All Other Contributions
$36,290
Change in Net Assets
$61,170

Audited Revenue Reconciliation

Revenue per Audited Statements
$424,504
Total Revenue per Audited Statements
$424,504
Total Revenue per Form 990
$424,504
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$213,000
Salaries, Compensation, and Employee Benefits$85,931
Other Expenses$64,403
Total Fundraising Expense$3,961
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$213,000--$213,000
Comp Disqual Persons$53,677$14,314$3,578$71,569
Occupancy$24,369--$24,369
Depreciation Depletion$17,254$282-$17,536
Office Expenses$935$12,778-$13,713
Other Salaries and Wages$6,068--$6,068
Payroll Taxes$4,571$1,095$274$5,940
Insurance$3,640$192-$3,832
Interest-$3,601-$3,601
Other Employee Benefits$1,811$434$109$2,354
Other Expenses$960--$960
Fees for Services Accounting-$392-$392
Total Functional Expenses$326,285$33,088$3,961$363,334

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$363,334
Total Expenses per Audited Statements$363,334
Total Expenses per Form 990$363,334
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Youth for Christ - Peoria AreaPeoria, IL-Operations$65,500
Synder VillageMetamora, IL-Operations$22,000
St Marys Grade SchoolMetamora, IL-Operations$13,000
Spring Bay Food PantryEast Peoria, IL-Operations$12,500
Open Arms Food PantryMetamora, IL-Operations$12,000
Mended Hearts StableMetamora, IL--$11,000
Germantown Hills Grade School FoundGermantown Hills, IL--$9,000
Metamora Grade School FoundationMetamora, IL-Operations$9,000
Riverview Grade SchoolEast Peoria, IL-Operations$9,000
HeartlinehearthouseEureka, IL-Operations$8,000
Metamora Weekend SnackpacMetamora, IL-Operations$7,000
Christian Union ChurchMetamora, IL--$6,000
Great Oaks Community ChurchMetamora, IL--$6,000
St Marys Catholic ChurchMetamora, IL--$6,000
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Deborah RauhFamily of OfficerRegular PayrollNo$71,569
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
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 governing body review Part VI line 11

Form 990 is prepared by a third-party accountant. The executive director reviews a draft copy of the form prior to filing with the irs. A copy of form 990 is available to board members prior to filing.

Governing documents etc available to public Part VI line 19

Documents are made available upon request

Filing and Contact Details

Filer

Filer Name
Reclaimed Resale Inc
EIN
46-5628708
Address
407 E MT VERNON PO BOX 731, METAMORA, IL 61548

Signing Officer

Name
Kevin Rauh
Title
Executive Direc
Phone
3096965322
Signed
2023-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frank Gutwein
Formed
2014
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
5
Volunteers
20

Preparer

Firm
Koch Consultants Ltd
Address
PO BOX 1400, TREMONT, IL 61568
Preparer
Nathan D Koch
Phone
3092673796
Supplemental Narrative

Financial Statement Notes

Footnote for uncertain tax position under FIN 48 (Part X)

Management has analyzed tax positions taken and believes that income tax filing positions will more-likely-than-not be sustained upon examination by taxing authorities. Reclaimed resale, inc. Is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Reclaimed resale, inc. Believes it is no longer subject to income tax examinations for years prior to 2019.

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