Civic Intelligence

Scherer Resources Inc

990EZ • Fiscal year 2018 • EIN 47-2776947

Jan 01, 2018 to Dec 31, 2018 • Filed on Sep 10, 2019

Organization ProfileN/A
8505 Old Orchard TrailNew Haven, IN 46774

(260) 494-4437

Siviq Scores

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

Liabilities / Assets

67th percentile

0.02x

Higher debt load relative to assets than 67% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

69th percentile

0.02x

Higher debt load relative to revenue than 69% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

4th percentile

-121%

Higher net margin than 4% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

7th percentile

-57%

Faster asset growth than 7% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

6th percentile

-68%

Faster revenue growth than 6% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$33,795

Down $45,079 (-57%) from 2017

Net Assets

Down

$33,172

Down $43,914 (-57%) from 2017

Liabilities

Down

$623

Down $1,165 (-65%) from 2017

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin4th percentile

Revenue

Down

$36,166

Down $78,627 (-68%) from 2017

Expenses

Up

$80,079

Up $1,187 (+1.5%) from 2017

Net Income

Down

-$43,913

Down $79,814 (-222%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$80K$60K$40K$20K$0Assets 2014: $1Liabilities 2014: $02014Assets 2015: $40,596Liabilities 2015: $600Net Assets 2015: $39,9962015Assets 2016: $43,730Liabilities 2016: $2,543Net Assets 2016: $41,1872016Assets 2017: $78,874Liabilities 2017: $1,788Net Assets 2017: $77,0862017Assets 2018: $33,795Liabilities 2018: $623Net Assets 2018: $33,1722018Assets 2019: $3,560Net Assets 2019: $3,5602019

Highlighted filing

2018

Assets$33,795
Liabilities$623
Net Assets$33,172
Open 2018 Filing

Operations Trend

Revenue Growth6th percentile

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

$150K$100K$50K$0-$50KRevenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $58,615Expenses 2015: $18,619Net Income 2015: $39,9962015Revenue 2016: $58,655Expenses 2016: $57,464Net Income 2016: $1,1912016Revenue 2017: $114,793Expenses 2017: $78,892Net Income 2017: $35,9012017Revenue 2018: $36,166Expenses 2018: $80,079Net Income 2018: -$43,9132018Revenue 2019: -$2,500Expenses 2019: $27,112Net Income 2019: -$29,6122019

Highlighted filing

2018

Revenue$36,166
Expenses$80,079
Net Income-$43,913
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 10, 2019
Return Version
2018v3.1
Gross Receipts
$36,943
Mission and Program Overview

Mission

Vocational training for disabled adults a work program for disabled adults

Program Services

DescriptionGrantsExpenses
ESTABLISHING AND MAINTAINING-$3,774
ESTABILISHING AND MAINTAINING A WORK PROGRAM FOR DISABLED ADULTS--
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ADAM KLINEPresident-$0--
KIM BROWNSecretary/VI-$0--
MARK COOPERTreasurer-$0--
THOMAS EGGOLDBoard Member-$0--
NICK CIOCCABoard Member-$0--
MITCH HARPERBoard Member-$0--
JON SCHERERBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Scherer Resources Inc
EIN
47-2776947
Phone
2604944437
Address
8505 OLD ORCHARD TRAIL, NEW HAVEN, IN 46774

Signing Officer

Name
Adam Kline
Title
President
Phone
2604944437
Signed
2019-09-10
Discuss with paid preparer
Yes

Preparer

Firm
Foudy CPA Group Pc
Address
5730 FALLS DR STE 100, FORT WAYNE, IN 46804-7147
Preparer
Dawn S Stookey Ea
Phone
2604324565
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses office 508 interest 16 insurance 1,294 non-investment depreciation 433 total 2,251”

Form 990-ez, Part II, Line 24

“Inventories for sale or use 4,500 4,500 2,290 2,290 less accumulated depreciation 1,141 1,574 total 5,649 5,216”

Form 990-ez, Part II, Line 26

“Payroll liabilities 1,680 535 credit card liability 108 88”

Form 990-ez, Part III, Line 31

“Establishing and maintaining”

Raw XML Appendix161 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NEW HAVEN
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt5000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt6000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ADAM KLINE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1KIM BROWN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2MARK COOPER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3THOMAS EGGOLD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4NICK CIOCCA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5MITCH HARPER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6JON SCHERER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY/VI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6BOARD MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt05649
IRS990EZ/OtherAssetsTotalDetail/EOYAmt05216
IRS990EZ/OtherExpensesTotalAmt02251
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0VOCATIONAL TRAINING FOR DISABLED ADULTS A WORK PROGRAM FOR DISABLED ADULTS
IRS990EZ/ProgramServiceRevenueAmt05969
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1ESTABLISHING AND MAINTAINING
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt03774
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt068173
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
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IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0623
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt080079
IRS990EZ/TotalProgramServiceExpensesAmt03774
IRS990EZ/TotalRevenueAmt036166
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt030974
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0120785
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt066019
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt058615
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0276393
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt05969
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0320
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02620
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IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt036943
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt068639
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt058615
IRS990ScheduleA/Total509Grp/TotalAmt0285302
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt036943
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0121105
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0285302
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE 508 INTEREST 16 INSURANCE 1,294 NON-INVESTMENT DEPRECIATION 433 TOTAL 2,251
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INVENTORIES FOR SALE OR USE 4,500 4,500 2,290 2,290 LESS ACCUMULATED DEPRECIATION 1,141 1,574 TOTAL 5,649 5,216
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PAYROLL LIABILITIES 1,680 535 CREDIT CARD LIABILITY 108 88
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ESTABLISHING AND MAINTAINING
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02019-02-21 02:37:17Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02604944437
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-09-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SCHERER RESOURCES INC
ReturnHeader/Filer/BusinessNameControlTxt0SCHE
ReturnHeader/Filer/EIN0472776947
ReturnHeader/Filer/PhoneNum02604944437
ReturnHeader/Filer/USAddress/AddressLine1Txt08505 OLD ORCHARD TRAIL
ReturnHeader/Filer/USAddress/CityNm0NEW HAVEN
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0199.87.165.66
ReturnHeader/FilingSecurityInformation/IPDt02019-09-10
ReturnHeader/FilingSecurityInformation/IPTm013:41:14
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0352064619
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FOUDY CPA GROUP PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05730 FALLS DR STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FORT WAYNE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0468047147
ReturnHeader/PreparerPersonGrp/PhoneNum02604324565
ReturnHeader/PreparerPersonGrp/PreparationDt02019-09-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAWN S STOOKEY EA
ReturnHeader/ReturnTs02019-09-10T12:42:45-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$33,795
Liabilities
$623
Net assets
$33,172
Revenue
$36,166
Expenses
$80,079
Net income
-$43,913
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$0.04$0.04$0.03$0.27$0.30
2018Detailed filing. Detailed filing data is available for this year.$0.34$0.01$0.33$0.36$0.80$0.44
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.79$0.02$0.77$1.15$0.79$0.36
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.44$0.03$0.41$0.59$0.57$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.41$0.01$0.40$0.59$0.19$0.40
2014Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00