Civic Intelligence

Wolverine Band Boosters

990 • Fiscal year 2022 • EIN 81-2970367

Jul 01, 2021 to Jun 30, 2022 • Filed on Oct 12, 2022

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

80th percentile

0.10x

Higher debt load relative to assets than 80% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

78th percentile

0.06x

Higher debt load relative to revenue than 78% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

53rd percentile

6.5%

Higher net margin than 53% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

82nd percentile

42%

Faster asset growth than 82% of similar nonprofits.

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

Revenue Growth

78th percentile

69%

Faster revenue growth than 78% of similar nonprofits.

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

Assets

Up

$105,577

Up $31,145 (+42%) from 2021

Net Assets

Up

$94,648

Up $20,690 (+28%) from 2021

Liabilities

Up

$10,929

Up $10,455 (+2206%) from 2021

Revenue

Up

$182,315

Up $74,217 (+69%) from 2021

Expenses

Up

$170,516

Up $88,658 (+108%) from 2021

Net Income

Down

$11,799

Down $14,441 (-55%) from 2021

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

2022

Assets$105,577
Liabilities$10,929
Net Assets$94,648

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

2022

Revenue$182,315
Expenses$170,516
Net Income$11,799
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Oct 12, 2022
Return Version
2021v4.0
Gross Receipts
$223,223
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$56,172$74,869▲ $18,697
Land, Buildings, and Equipment, Net$17,910$24,020▲ $6,110
Accounts Receivable$350$6,688▲ $6,338
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--
Investments Program Related$0--
Investments in Publicly Traded Securities$0--
Intangible Assets$0--
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0--
Prepaid Expenses and Deferred Charges$0--
Total Assets$74,432$105,577▲ $31,145
Other Assets Total$0--
Liabilities
Escrow Account Liability$0$10,537▲ $10,537
Deferred Revenue$474$216▼ $258
Accounts Payable and Accrued Expenses$0$176▲ $176
Grants Payable$0--
Mortgage Notes Payable Secured by Investment Property$0--
Unsecured Notes Loans Payable$0--
Tax Exempt Bond Liabilities$0--
Total Liabilities$474$10,929▲ $10,455
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$73,958$94,648▲ $20,690
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$73,958$94,648▲ $20,690
Total Liabilities and Net Assets / Fund Balance$74,432$105,577▲ $31,145

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$24,020$2,890$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Thadd ChambersPresident
Miranda BeanVice President
Timothy KeehnAssistant Treasurer
Amanda ByrdSecretary
Chris BillingsTreasurer
Jennifer BillingsVP Communications
Alvin SanchezVP Concessions
Nathan JohnsonVP Fundraising
Kendall RushVP Operations
Phillip WatkinsVP Student Services
Vicki AddingtonVP Student Services
Leslea BarronVP Volunteers
Revenue and Support

Revenue Composition

Contributions and Grants
$89,900
Program Service Revenue
$52,055
Investment Income
$0
Other Revenue
$40,360
All Other Contributions
$88,150
Change in Net Assets
$11,799
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$170,516
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
Other Expenses$29,934$0$0$29,934
Fees for Services Other$27,235--$27,235
Depreciation Depletion$2,890--$2,890
Conferences and Meetings$2,344--$2,344
Information Technology$1,701--$1,701
Office Expenses$784--$784
Total Functional Expenses$170,516$0$0$170,516
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
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--
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
2022-10-12

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, music literature), student support (scholarships, sponsorships, recognition), supplies and equipment.

Form 990, Part XI, Line 8

Prior year Form 990 (2020) expenses included a check that was never cashed and was since voided in the current year. A replacement check was reissued in the current year, and is included in current expenses.

Form 990, Part XI, Line 9

Purchase of a 24' utility trailer in December 2021 to be utilized for the sole purpose of transporting equipment and materials to and from major competitions and events.

Financial Statement Notes

Schedule D, Part IV, Line 2B

Wolverine Band Boosters manages and distributes Walmart AMP concession donations to other Bentonville School District fine arts programs. The reported amount represents donations accumulated and held, but not yet distributed to peer programs.

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IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt040360
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt040360
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt073958
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt094648
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt0784
IRS990/OfficeExpensesGrp/TotalAmt0784
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherChangesInNetAssetsAmt09000
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Equipment, supplies and maintenance
IRS990/OtherExpensesGrp/Desc1Student trips and support
IRS990/OtherExpensesGrp/Desc2Program support
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt055162
IRS990/OtherExpensesGrp/ProgramServicesAmt150466
IRS990/OtherExpensesGrp/ProgramServicesAmt229934
IRS990/OtherExpensesGrp/TotalAmt055162
IRS990/OtherExpensesGrp/TotalAmt150466
IRS990/OtherExpensesGrp/TotalAmt229934
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrincipalOfficerNm0Thadd Chambers
IRS990/PriorPeriodAdjustmentsAmt0-109
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Student trip fees collected
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt052055
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt052055
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt042184
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt081858
IRS990/PYOtherRevenueAmt016649
IRS990/PYProgramServiceRevenueAmt049265
IRS990/PYRevenuesLessExpensesAmt026240
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt081858
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0108098
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt011799
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/RevenueAmt0182315
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt089900
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt042184
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt041622
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0173706
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt081268
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt028823
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt050207
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0160298
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0334004
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0171168
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt071007
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt091829
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/Total509Grp/TotalAmt0334004
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0171168
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt071007
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt091829
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0334004
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/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00

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