Civic Intelligence

YWCA Wcm Growth Fund

990 • Fiscal year 2017 • EIN 81-0934810

Oct 01, 2016 to Sep 30, 2017 • Filed on Mar 16, 2018

25 Sheldon Blvd SEGrand Rapids, MI 49503

(616) 459-4681

Siviq Scores

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

Liabilities / Assets

97th percentile

1.38x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

99th percentile

69.96x

Higher debt load relative to revenue than 99% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

1st percentile

-248%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

54th percentile

$129,026

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 110.0% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

7th percentile

-12%

Faster asset growth than 7% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

97th percentile

308%

Faster revenue growth than 97% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Down

$5,930,507

Down $840,001 (-12%) from 2016

Net Assets

Down

-$2,276,604

Down $290,652 (-15%) from 2016

Liabilities

Down

$8,207,111

Down $549,349 (-6.3%) from 2016

Revenue

Up

$117,316

Up $88,595 (+308%) from 2016

Expenses

Up

$407,968

Up $231,617 (+131%) from 2016

Net Income

Down

-$290,652

Down $143,022 (-97%) from 2016

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2016: $6,770,508Liabilities 2016: $8,756,460Net Assets 2016: -$1,985,9522016Assets 2017: $5,930,507Liabilities 2017: $8,207,111Net Assets 2017: -$2,276,6042017Assets 2018: $5,702,148Liabilities 2018: $8,219,168Net Assets 2018: -$2,517,0202018Assets 2019: $5,469,163Liabilities 2019: $8,227,365Net Assets 2019: -$2,758,2022019Assets 2020: $5,238,740Liabilities 2020: $8,235,561Net Assets 2020: -$2,996,8212020Assets 2021: $5,036,583Liabilities 2021: $8,241,709Net Assets 2021: -$3,205,1262021Assets 2022: $4,770,913Liabilities 2022: $8,251,955Net Assets 2022: -$3,481,0422022

Highlighted filing

2017

Assets$5,930,507
Liabilities$8,207,111
Net Assets-$2,276,604

Operations Trend

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

$600K$400K$200K$0-$200K-$400KRevenue 2016: $28,721Expenses 2016: $176,351Net Income 2016: -$147,6302016Revenue 2017: $117,316Expenses 2017: $407,968Net Income 2017: -$290,6522017Revenue 2018: $123,349Expenses 2018: $363,765Net Income 2018: -$240,4162018Revenue 2019: $123,130Expenses 2019: $364,312Net Income 2019: -$241,1822019Revenue 2020: $124,870Expenses 2020: $363,489Net Income 2020: -$238,6192020Revenue 2021: $93,465Expenses 2021: $301,770Net Income 2021: -$208,3052021Revenue 2022: $149,349Expenses 2022: $425,265Net Income 2022: -$275,9162022

Highlighted filing

2017

Revenue$117,316
Expenses$407,968
Net Income-$290,652
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Mar 16, 2018
Return Version
2016v3.0
Gross Receipts
$117,316
Mission and Program Overview

Mission

To support programs and activities of ywca west central michigan in its mission to eliminate racism, empower women and girls, and promote peace, justice, freedom and dignity for all, and to facilitate the redevelopment, construction and operations of the 25 sheldon facility.

To support the charitable and educational activities of ywca west central michigan, including, but not limited to: (1) providing funds to and otherwise supporting programs and activities of ywca west central michigan in its mission to empower women, promote diversity and advocate for justice and equality, and (2) facilitating the redevelopment, construction, and operation of a facility to be leased at below market rates to the ywca west central michigan and other complimentary service providers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,989,506$5,891,631▼ $97,875
Savings and Temporary Cash Investments$766,498$0▼ $766,498
Cash and Non-Interest-Bearing Accounts$14,504$38,876▲ $24,372
Total Assets$6,770,508$5,930,507▼ $840,001
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,168,165$8,176,362▲ $8,197
Accounts Payable and Accrued Expenses$588,295$30,749▼ $557,546
Total Liabilities$8,756,460$8,207,111▼ $549,349
Net Assets / Fund Balance
Unrestricted Net Assets$-1,985,952$-2,276,604▼ $290,652
Total Net Assets Fund Balance$-1,985,952$-2,276,604▼ $290,652
Total Liabilities and Net Assets / Fund Balance$6,770,508$5,930,507▼ $840,001

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,598,439$3,081,377$8,679,816
Equipment$287,934$35,454$323,388
Land$5,258-$5,258
Compensation and Service Providers

Employees

NameTitleOtherTotal
Caroline BlinkhornPresident/CEO - Part Year$129,026$129,026
Debra ShimmelVP, Secretary/treasurer - Part Year$114,983$114,983

Board Members and Trustees

NameTitle
Doug WilterdinkChairperson
Charisse D MitchellPresident/CEO
Kristin VandenbergMember
Lisa DeferrariMember
Shlynn RhodesMember
Tamara SytsmaMember
Kathy PhillipsVP, Secretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$117,107
Investment Income
$209
Other Revenue
$0
Change in Net Assets
$-290,652

Audited Revenue Reconciliation

Revenue per Audited Statements
$117,316
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$4,690,359
Total Revenue per Audited Statements
$4,807,675
Total Revenue per Form 990
$117,316
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$378,752
Grants and Similar Amounts Paid$29,216
Total Fundraising Expense$3,951
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$268,139$6,684$2,897$277,720
Interest$96,661$2,409$1,044$100,114
Grants to Domestic Orgs$29,216--$29,216
Office Expenses$886$22$10$918
Total Functional Expenses$394,902$9,115$3,951$407,968

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,789,210
Expenses Not Reported on Form 990$4,489,208
Total Expenses per Form 990$407,968
Expenses per Audited Statements$300,002
Expenses Not Reported on Financial Statements$107,966
Other Expense Adjustments$107,966
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ywca West Central MichiganGrand Rapids, MI501(c)(3)Support of Mission Related Program Services$29,216
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
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

The form 990 is reviewed by the president and treasurer for completeness and accuracy. The form 990 is then distributed via email to members of the governing body for review and comment prior to filing with the irs.

Form 990, Part VI, Section C, line 19

Governing documents may be made available upon request. Financial statements are included as consolidated statements with ywca west central michigan and are made available on the ywca website (www.ywcawcmi.org), guidestar, and upon request.

Filing and Contact Details

Filer

Filer Name
YWCA WCM Growth Fund
EIN
81-0934810
Phone
6164594681
Address
25 Sheldon Blvd SE, GRAND RAPIDS, MI 49503

Signing Officer

Name
Charisse D Mitchell
Title
President/CEO
Phone
6164594681
Signed
2018-03-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charisse D Mitchell
Formed
2015
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Plante & Moran Pllc
Address
634 Front Ave NW Ste 400, Grand Rapids, MI 49504
Preparer
Tina M Peters CPA
Phone
6167748221
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

Part XI, Line 2D - Other Adjustments:

Related organization revenue 4,798,325. Grant to related organization -29,216. Reimbursed expenses to related organization -78,750.

Part XII, Line 2D - Other Adjustments:

Related organization expense 4,489,208.

Part XII, Line 4B - Other Adjustments:

grant to related organization 29,216. REIMBURSED EXPENSES TO RELATED ORGANIZATION 78,750.

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IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0381359578
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt029216
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0YWCA WEST CENTRAL MICHIGAN
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt029216
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05598439
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03081377
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08679816
IRS990ScheduleD/EquipmentGrp/BookValueAmt0287934
IRS990ScheduleD/EquipmentGrp/DepreciationAmt035454
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0323388
IRS990ScheduleD/ExpensesNotReportedAmt04489208
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0107966
IRS990ScheduleD/ExpensesSubtotalAmt0300002
IRS990ScheduleD/LandGrp/BookValueAmt05258
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt05258
IRS990ScheduleD/OtherExpensesIncludedAmt04489208
IRS990ScheduleD/OtherExpensesNotIncludedAmt0107966
IRS990ScheduleD/OtherRevenueAmt04690359
IRS990ScheduleD/RevenueNotReportedAmt04690359
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0117316
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RELATED ORGANIZATION REVENUE 4,798,325. GRANT TO RELATED ORGANIZATION -29,216. REIMBURSED EXPENSES TO RELATED ORGANIZATION -78,750.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RELATED ORGANIZATION EXPENSE 4,489,208.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2grant to related organization 29,216. REIMBURSED EXPENSES TO RELATED ORGANIZATION 78,750.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05891631
IRS990ScheduleD/TotalExpensesPerForm990Amt0407968
IRS990ScheduleD/TotalRevenuePerForm990Amt0117316
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04807675
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04789210
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt029216
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT OF MISSION RELATED PROGRAM SERVICES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0YWCA WEST CENTRAL MICHIGAN
IRS990ScheduleI/RecipientTable/RecipientEIN0381359578
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt025 SHELDON BLVD SE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0GRAND RAPIDS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd049503
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANT MAKING IS LIMITED TO THE SUPPORTED ORGANIZATION YWCA WEST CENTRAL MICHIGAN. GRANT USE IS MONITORED THROUGH FINANCIAL OVERSIGHT PROVIDED TO YWCA WEST CENTRAL MICHIGAN GOVERNING BODIES AND COMMITTEES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE PRESIDENT AND TREASURER FOR COMPLETENESS AND ACCURACY. THE FORM 990 IS THEN DISTRIBUTED VIA EMAIL TO MEMBERS OF THE GOVERNING BODY FOR REVIEW AND COMMENT PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS MAY BE MADE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE INCLUDED AS CONSOLIDATED STATEMENTS WITH YWCA WEST CENTRAL MICHIGAN AND ARE MADE AVAILABLE ON THE YWCA WEBSITE (WWW.YWCAWCMI.ORG), GUIDESTAR, AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0YWCA WEST CENTRAL MICHIGAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0381359578
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHARITABLE HUMAN SERVICES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt025 SHELDON BLVD SE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0GRAND RAPIDS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd049503
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06770508
IRS990/TotalAssetsEOYAmt05930507
IRS990/TotalAssetsGrp/BOYAmt06770508
IRS990/TotalAssetsGrp/EOYAmt05930507
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03951
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09115
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0394902
IRS990/TotalFunctionalExpensesGrp/TotalAmt0407968
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08756460
IRS990/TotalLiabilitiesEOYAmt08207111
IRS990/TotalLiabilitiesGrp/BOYAmt08756460
IRS990/TotalLiabilitiesGrp/EOYAmt08207111
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1985952
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2276604
IRS990/TotalOtherCompensationAmt040597
IRS990/TotalProgramServiceExpensesAmt0394902
IRS990/TotalProgramServiceRevenueAmt0117107
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0209
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0117107
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0117316
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06770508
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05930507
IRS990/TotReportableCompRltdOrgAmt0203412
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1985952
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-2276604
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt025 Sheldon Blvd SE
IRS990/USAddress/CityNm0GRAND RAPIDS
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049503
IRS990/VotingMembersGoverningBodyCnt07

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