Civic Intelligence

Springfield Renaissance Development Corporation

990 • Fiscal year 2014 • EIN 93-1258164

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 01, 2015

PO Box 841Springfield, OR 97477

(541) 746-1103

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$2,639,126

Down $4,823 (-0.2%) from 2013

Net Assets

Down

$2,463,776

Down $4,823 (-0.2%) from 2013

Liabilities

Flat

$175,350

Flat from 2013

Revenue And Expenses

Revenue

Up

$24,243

Up $12,123 (+100%) from 2013

Expenses

Up

$21,313

Up $10,467 (+97%) from 2013

Net Income

Up

$2,930

Up $1,656 (+130%) from 2013

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,462,199Liabilities 2010: $0Net Assets 2010: $2,462,1992010Assets 2011: $2,464,831Liabilities 2011: $3,197Net Assets 2011: $2,461,6342011Assets 2012: $2,467,325Liabilities 2012: $0Net Assets 2012: $2,467,3252012Assets 2013: $2,643,949Liabilities 2013: $175,350Net Assets 2013: $2,468,5992013Assets 2014: $2,639,126Liabilities 2014: $175,350Net Assets 2014: $2,463,7762014Assets 2015: $2,672,674Liabilities 2015: $175,350Net Assets 2015: $2,497,3242015Assets 2016: $2,511,748Liabilities 2016: $0Net Assets 2016: $2,511,7482016Assets 2017: $2,514,438Liabilities 2017: $0Net Assets 2017: $2,514,4382017

Highlighted filing

2014

Assets$2,639,126
Liabilities$175,350
Net Assets$2,463,776

Operations Trend

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

$60K$40K$20K$0Expenses 2010: $13,9302010Expenses 2011: $6,1182011Expenses 2012: $10,9022012Revenue 2013: $12,120Expenses 2013: $10,846Net Income 2013: $1,2742013Revenue 2014: $24,243Expenses 2014: $21,313Net Income 2014: $2,9302014Revenue 2015: $50,059Expenses 2015: $16,511Net Income 2015: $33,5482015Revenue 2016: $22,030Expenses 2016: $7,606Net Income 2016: $14,4242016Revenue 2017: $5,216Expenses 2017: $2,526Net Income 2017: $2,6902017

Highlighted filing

2014

Revenue$24,243
Expenses$21,313
Net Income$2,930
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 1, 2015
Return Version
2014v5.0
Gross Receipts
$24,243
Mission and Program Overview

Mission

To enhance the livability, culture and economic vitality of springfield, oregon. To encourage and assist in public improvements of all kinds in springfield, oregon, including streets, highways, sewers, public buildings, and any and all other things which are for the public good; to encourage and assist in location and development therin of factories, manufacturer and other businesses; to encourage and assist in the location and development of new housing; to combat community deterioriation and encourage revitalization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$2,459,152$2,459,152→ $0
Land, Buildings, and Equipment, Net$158,179$169,985▲ $11,806
Savings and Temporary Cash Investments$19,328$9,037▼ $10,291
Accounts Receivable$5,719--
Intangible Assets$1,471$952▼ $519
Cash and Non-Interest-Bearing Accounts$100--
Total Assets$2,643,949$2,639,126▼ $4,823
Liabilities
Mortgage Notes Payable Secured by Investment Property$175,000$175,000→ $0
Other Liabilities$350$350→ $0
Total Liabilities$175,350$175,350→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$2,468,599$2,463,776▼ $4,823
Total Net Assets Fund Balance$2,468,599$2,463,776▼ $4,823
Total Liabilities and Net Assets / Fund Balance$2,643,949$2,639,126▼ $4,823

Asset Categories

AssetBook ValueDepreciationBasis
Land$90,000-$90,000
Buildings$79,985$2,173$82,158
Investment Program Related Org$2,459,152--
Compensation and Service Providers

Board Members and Trustees

NameTitle
John LivelyPresident
Jeffrey ToweryBoard Member
Bill MorrisetteDirector
Bob KeeferDirector
Claire SeguinDirector
Denise BeanDirector
Karen HagemanDirector
Mary AdamsDirector
Ron KilcoyneDirector
Tammy FitchDirector
Tom DraggooPast Preside
Nancy BigleyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$4,258
Program Service Revenue
$19,975
Investment Income
$10
Other Revenue
$0
All Other Contributions
$1,050
Change in Net Assets
$2,930
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$21,313
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
Interest$7,350--$7,350
Fees for Services Other$5,048$1,187-$6,235
Depreciation Depletion$2,399--$2,399
Occupancy$1,860--$1,860
All Other Expenses$115--$115
Other Expenses$104--$104
Total Functional Expenses$20,126$1,187$0$21,313
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$350
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A copy of the completed form 990 (including all required schedules) was provided to all board members for review prior to filing the form with the internal revenue service.

Form 990, Page 6, Part VI, Line 12C

Each board member and officer of the organization is required to review and agree to the conflict of interest policy each year. The organization currently does not have any employees or trustees.

Form 990, Page 6, Part VI, Line 19

Requests for copies of the organization's governing documents, policies, and financial statements are made available upon request to a board member.

Filing and Contact Details

Filer

Filer Name
Springfield Renaissance Development
EIN
93-1258164
Phone
5417461103
Address
PO BOX 841, SPRINGFIELD, OR 97477

Signing Officer

Name
John Lively
Title
President
Phone
5417461103
Signed
2015-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Lively
Formed
1998
Legal Domicile
Or
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
15

Preparer

Firm
Joseph & Handy Llp
Address
380 Q ST STE 200, SPRINGFIELD, OR 97477-2120
Preparer
Miles G Joseph
Phone
5417440000
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To enhance the livability, culture and economic vitality of springfield, oregon. To encourage and assist in public improvements of all kinds in springfield, oregon, including streets, highways, sewers, public buildings, and any and all other things which are for the public good; to encourage and assist in location and development therin of factories, manufacturer and other businesses; to encourage and assist in the location and development of new housing; to combat community deterioriation and encourage revitalization.

Form 990, Page 2, Part III, Line 2

The organization purchased and developed a commercial building to assist in the revitalization of downtown springfield, oregon.

Form 990, Page 2, Part III, Line 3

On about july 1, 2014 the organization transferred it's net assets related to the city of club of springfield to a separate exempt entity dedicated to operating the city of club of springfield. The total amount of net assets transferred was 7,753.

Form 990, Page 2, Part III, Line 4C

Consisted of cash and unrealized accounts receivable totaling 7,753 was transferred to a separate exempt organization.

Form 990, Part IX, Line 11G

Outside services 500 0 0 office expense 947 0 0 bookkeeping 400 0 0 dues and subscriptions 410 0 0 name tags 12 0 0 merchant fees 377 0 0 catering 2,340 0 0 post office box 62 0 0 insurance 0 835 0 licenses and permits 0 352 0

Form 990, Part XI, Line 9

Spin-off city of club of springfield activity 7,753

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt05551
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt05600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt045059
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt010
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt023
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt019975
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IRS990ScheduleA/PublicSupportCY170Pct00.99950
IRS990ScheduleA/PublicSupportPY170Pct00.98540
IRS990ScheduleA/PublicSupportTotal170Amt045059
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04258
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt013063
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt016587
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt05551
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt05600
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt045059
IRS990ScheduleA/TotalSupportAmt045082
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt079985
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02173
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt082158
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt02459152
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0RICHARD E. WILDISH THEATER
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt090000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt090000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0350
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0169985
IRS990ScheduleD/TotalBookValueProgramRltdAmt02459152
IRS990ScheduleD/TotalLiabilityAmt0350
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO ENHANCE THE LIVABILITY, CULTURE AND ECONOMIC VITALITY OF SPRINGFIELD, OREGON. TO ENCOURAGE AND ASSIST IN PUBLIC IMPROVEMENTS OF ALL KINDS IN SPRINGFIELD, OREGON, INCLUDING STREETS, HIGHWAYS, SEWERS, PUBLIC BUILDINGS, AND ANY AND ALL OTHER THINGS WHICH ARE FOR THE PUBLIC GOOD; TO ENCOURAGE AND ASSIST IN LOCATION AND DEVELOPMENT THERIN OF FACTORIES, MANUFACTURER AND OTHER BUSINESSES; TO ENCOURAGE AND ASSIST IN THE LOCATION AND DEVELOPMENT OF NEW HOUSING; TO COMBAT COMMUNITY DETERIORIATION AND ENCOURAGE REVITALIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION PURCHASED AND DEVELOPED A COMMERCIAL BUILDING TO ASSIST IN THE REVITALIZATION OF DOWNTOWN SPRINGFIELD, OREGON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ON ABOUT JULY 1, 2014 THE ORGANIZATION TRANSFERRED IT'S NET ASSETS RELATED TO THE CITY OF CLUB OF SPRINGFIELD TO A SEPARATE EXEMPT ENTITY DEDICATED TO OPERATING THE CITY OF CLUB OF SPRINGFIELD. THE TOTAL AMOUNT OF NET ASSETS TRANSFERRED WAS 7,753.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSISTED OF CASH AND UNREALIZED ACCOUNTS RECEIVABLE TOTALING 7,753 WAS TRANSFERRED TO A SEPARATE EXEMPT ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF THE COMPLETED FORM 990 (INCLUDING ALL REQUIRED SCHEDULES) WAS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING THE FORM WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EACH BOARD MEMBER AND OFFICER OF THE ORGANIZATION IS REQUIRED TO REVIEW AND AGREE TO THE CONFLICT OF INTEREST POLICY EACH YEAR. THE ORGANIZATION CURRENTLY DOES NOT HAVE ANY EMPLOYEES OR TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6REQUESTS FOR COPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST TO A BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7OUTSIDE SERVICES 500 0 0 OFFICE EXPENSE 947 0 0 BOOKKEEPING 400 0 0 DUES AND SUBSCRIPTIONS 410 0 0 NAME TAGS 12 0 0 MERCHANT FEES 377 0 0 CATERING 2,340 0 0 POST OFFICE BOX 62 0 0 INSURANCE 0 835 0 LICENSES AND PERMITS 0 352 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8SPIN-OFF CITY OF CLUB OF SPRINGFIELD ACTIVITY 7,753
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 2, PART III, LINE 4C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
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IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt04258
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt020126
IRS990/TotalFunctionalExpensesGrp/TotalAmt021313
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0175350
IRS990/TotalLiabilitiesEOYAmt0175350
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IRS990/TotalLiabilitiesGrp/EOYAmt0175350
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02468599
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02463776
IRS990/TotalProgramServiceExpensesAmt020126
IRS990/TotalProgramServiceRevenueAmt019975
IRS990/TotalRevenueGrp/ExclusionAmt010
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt019975
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt024243
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02643949
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02639126
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02468599
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02463776
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 841
IRS990/USAddress/CityNm0SPRINGFIELD
IRS990/USAddress/StateAbbreviationCd0OR
IRS990/USAddress/ZIPCd097477
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0SPRINGFIELDRENAISSANCE.WORDPRESS.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN LIVELY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05417461103
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SPRINGFIELD RENAISSANCE DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0SPRI
ReturnHeader/Filer/EIN0931258164
ReturnHeader/Filer/PhoneNum05417461103
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ReturnHeader/Filer/USAddress/CityNm0SPRINGFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OR
ReturnHeader/Filer/USAddress/ZIPCd097477
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0465432788
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JOSEPH & HANDY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0380 Q ST STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SPRINGFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0974772120
ReturnHeader/PreparerPersonGrp/PhoneNum05417440000
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MILES G JOSEPH
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-11-13T15:51:22-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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