Civic Intelligence

Wolverine Band Boosters

990 • Fiscal year 2021 • EIN 81-2970367

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 07, 2021

PO Box 658Centerton, AR 72719

(479) 285-7901

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.01x

Higher debt load relative to assets than 62% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

60th percentile

0.00x

Higher debt load relative to revenue than 60% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

69th percentile

24%

Higher net margin than 69% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

94th percentile

211%

Faster asset growth than 94% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

53rd percentile

7.3%

Faster revenue growth than 53% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$74,432

Up $50,491 (+211%) from 2020

Net Assets

Up

$73,958

Up $50,017 (+209%) from 2020

Liabilities

Up

$474

Up $474 from 2020

Revenue

Up

$108,098

Up $7,381 (+7.3%) from 2020

Expenses

Down

$81,858

Down $19,981 (-20%) from 2020

Net Income

Up

$26,240

Up $27,362 (+2439%) from 2020

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2019: $25,063Liabilities 2019: $0Net Assets 2019: $25,0632019Assets 2020: $23,941Liabilities 2020: $0Net Assets 2020: $23,9412020Assets 2021: $74,432Liabilities 2021: $474Net Assets 2021: $73,9582021Assets 2022: $105,577Liabilities 2022: $10,929Net Assets 2022: $94,6482022Assets 2023: $95,157Liabilities 2023: $0Net Assets 2023: $95,1572023Assets 2024: $84,938Liabilities 2024: $4,591Net Assets 2024: $80,3472024Assets 2025: $101,798Liabilities 2025: $2,730Net Assets 2025: $99,0682025

Highlighted filing

2021

Assets$74,432
Liabilities$474
Net Assets$73,958

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2019: $97,223Expenses 2019: $99,297Net Income 2019: -$2,0742019Revenue 2020: $100,717Expenses 2020: $101,839Net Income 2020: -$1,1222020Revenue 2021: $108,098Expenses 2021: $81,858Net Income 2021: $26,2402021Revenue 2022: $182,315Expenses 2022: $170,516Net Income 2022: $11,7992022Revenue 2023: $185,272Expenses 2023: $184,763Net Income 2023: $5092023Revenue 2024: $247,795Expenses 2024: $262,605Net Income 2024: -$14,8102024Revenue 2025: $283,878Expenses 2025: $265,157Net Income 2025: $18,7212025

Highlighted filing

2021

Revenue$108,098
Expenses$81,858
Net Income$26,240
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 7, 2021
Return Version
2020v4.0
Gross Receipts
$120,272
Mission and Program Overview

Mission

To help fund high school bank organizati

Comprised of dedicated parents and guardians, we exist to support the students and directors of the Bentonville West music programs by encouraging volunteer involvement, driving fundraising activities and recognizing program accomplishments.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$23,941$56,172▲ $32,231
Land, Buildings, and Equipment, Net$0$17,910▲ $17,910
Accounts Receivable$0$350▲ $350
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$23,941$74,432▲ $50,491
Other Assets Total$0$0→ $0
Liabilities
Deferred Revenue$0$474▲ $474
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$474▲ $474
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$23,941$73,958▲ $50,017
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$23,941$73,958▲ $50,017
Total Liabilities and Net Assets / Fund Balance$23,941$74,432▲ $50,491

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$17,910$1,990$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Thadd ChambersPresident
Mandy BeanVice President
Anna PattersonAssistant Treasurer
Juneau ColleurSecretary
Chris BillingsTreasurer
Jennifer BillingsVP Communications
Kristy AntonacciVP Concessions
Nathan JohnsonVP Fundraising
Kendall RushVP Operations
Audrea JacksonVP Student Services
Debbie KuehnVP Student Services
Leslea BarronVP Volunteers
Revenue and Support

Revenue Composition

Contributions and Grants
$42,184
Program Service Revenue
$49,265
Investment Income
$0
Other Revenue
$16,649
All Other Contributions
$36,956
Change in Net Assets
$26,240
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$81,858
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$15,170--$15,170
Other Expenses$12,459$0$0$12,459
Office Expenses$3,955--$3,955
Depreciation Depletion$1,990--$1,990
Information Technology$1,576--$1,576
Fees for Services Accounting$500--$500
Total Functional Expenses$81,858$0$0$81,858
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The Administrative Board (President, Vice President, Treasurer, Assistant Treasurer and Secretary) form the governing body for the review of all Federal and State filings. The Treasurer will prepare all required forms and schedules based on finalized financial reports from the organization accounting system. Once the forms are finalized and certified, the detail will be reviewed and approved during the next formal board meeting.

Form 990, Part VI, Section C, Line 19

If any person or organization contacts the WBB board with a request to review any governing documents, conflict of interest policy or finalized financial statements, those documents will be made available on demand within a reasonable duration of time.

Filing and Contact Details

Filer

Filer Name
Wolverine Band Boosters
EIN
81-2970367
Phone
4792857901
Address
PO Box 658, Centerton, AR 72719

Signing Officer

Name
Chris Billings
Title
Treasurer
Phone
4792857901
Signed
2021-11-07

Organization Details

Principal Officer
Thadd Chambers
Formed
2016
Legal Domicile
Ar
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
50
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other fees for services (non-employees) would include costs for professional services related to the design and implementation of band programs (visual/music design, choreography, electronic design and technical staff for marching band).

Form 990, Part IX, Line 24A - 24D

Other expenses would cover costs that are incurred for the general support and maintenance of the Bentonville West band programs. This would include student services and logistics (meals, lodging, transportation), program support (memberships, performance materials, uniforms, literature), student support (scholarships, sponsorships, recognition), supplies and equipment.

Form 990, Part XI, Line 8

Prior year Form 990-EZ (2019) did not include fund balance of a PayPal account that belongs to the Wolverine Band Boosters as part of its total cash assets.

Form 990, Part XI, Line 9

Purchase of a semi trailer in December 2020 to be utilized for the sole purpose of transporting equipment and materials to and from major competitions and events.

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IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Thadd Chambers
IRS990/PriorPeriodAdjustmentsAmt03877
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Student trip fees collected
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt049265
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt049265
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt019188
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0101839
IRS990/PYOtherRevenueAmt024619
IRS990/PYProgramServiceRevenueAmt056910
IRS990/PYRevenuesLessExpensesAmt0-1122
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0101839
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0100717
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt026240
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0108098
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt042184
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt041622
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt083806
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt028823
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt050207
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt079030
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0162836
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt071007
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt091829
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/Total509Grp/TotalAmt0162836
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt071007
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt091829
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0162836
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt017910
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01990
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt019900
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt017910
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Administrative Board (President, Vice President, Treasurer, Assistant Treasurer and Secretary) form the governing body for the review of all Federal and State filings. The Treasurer will prepare all required forms and schedules based on finalized financial reports from the organization accounting system. Once the forms are finalized and certified, the detail will be reviewed and approved during the next formal board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1If any person or organization contacts the WBB board with a request to review any governing documents, conflict of interest policy or finalized financial statements, those documents will be made available on demand within a reasonable duration of time.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Other fees for services (non-employees) would include costs for professional services related to the design and implementation of band programs (visual/music design, choreography, electronic design and technical staff for marching band).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Other expenses would cover costs that are incurred for the general support and maintenance of the Bentonville West band programs. This would include student services and logistics (meals, lodging, transportation), program support (memberships, performance materials, uniforms, literature), student support (scholarships, sponsorships, recognition), supplies and equipment.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Prior year Form 990-EZ (2019) did not include fund balance of a PayPal account that belongs to the Wolverine Band Boosters as part of its total cash assets.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Purchase of a semi trailer in December 2020 to be utilized for the sole purpose of transporting equipment and materials to and from major competitions and events.
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 IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24a - 24d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XI, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, Line 9
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IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00

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