Renew Moline INC FY2020 filing

Tax-deductible

Moline, IL501(c)(3)Community DevelopmentEIN 36-3669419Revenue $422K in FY2020

On file with the IRSrenewmoline.com1506 River Dr, 61265-1306 · Moline, ILTax-exempt since Jul 1990Publicly supported charity — 170(b)(1)(A)(vi)

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Renew Moline, INC is dedicated to facilitating and supporting economic development in Moline. IT is committed to increasing employment, retaining jobs, enhancing the tax base and making visual and aesthetic improvements.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
$105K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $79K a year · 15% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$105K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
Cash reserves
27 mo
of spending, in cash
Looks good: 27.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $500
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$28K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$422K
Spent
$368K
To programs
73%
Net assets
$1.0M
By yearFY2020–FY2024
Revenue
$422K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$422K
FY2021$315K
FY2022$1.1M
FY2023$523K
FY2024$386K
Expenses
$368K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$368K
FY2021$328K
FY2022$418K
FY2023$503K
FY2024$718K
Net assets
$1.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.0M
FY2021$989K
FY2022$1.7M
FY2023$1.7M
FY2024$1.3M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1990.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $268K Management & general 27% · $100K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

29 people listed on the 990; $105K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$104,701Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Alexandra Elias’s $122K as Executive Director is at the 82nd percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Alexandra Elias$122,147$122,750$118,122$103,122$104,701

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Boosts Moline's economy by creating jobs, improving aesthetics, and strengthening the tax base.

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Provided by the organization

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1 program · $268K · in their own filed words · FY2020
01

Renew moline provides professional services with a primary focus on facilitating private land development investments, while helping to secure public improvements. Emphasis remains on partnering with the city of moline to implement the moline comprehensive plan updates - moline centre, floreciente, and edgewater, adopted april 22, 2014.

$268Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$500

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$422K
Ln 12
Gifts and grantsLn 1h$383K
Other incomeLn 4–11$28K
Investment incomeLn 3$11K
Money outPt IX
$368K
Ln 25
Programscol B$268K
Managementcol C$100K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$839K
Total assetsLn 16$1.0M
LiabilitiesLn 26$28K
PeoplePt VI, VII
29
listed · VII A
PaidVII A1
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$383K
Government grantsLn 1e$75K
Investment incomeLn 3$11K
Other incomeLn 4–11$28K
Total revenueLn 12$422K
Assets in detailPt X, end of year
CashLn 1$299K
SavingsLn 2$541K
Cash and savings togetherLn 1–2$839K
Land, buildings, equipmentLn 10c$136K
Total assetsLn 16$1.0M
LiabilitiesLn 26$28K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 52
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$833K$839K
Land, buildings, equipmentLn 10c$142K$136K
Total assetsLn 16$1.0M$1.0M
LiabilitiesLn 26$80K$28K
Net assetsLn 32$948K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$112K$93K$19K
Other salaries and wagesLn 7$48K$40K$8K
Other employee benefitsLn 9$8K$7K$1K
Payroll taxesLn 10$12K$10K$2K
Accounting feesLn 11c$14K$14K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$3K$1K$2K
Information technologyLn 14$2K$2K
OccupancyLn 16$14K$14K
Depreciation, depletion and amortizationLn 22$7K$7K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$136K$117K$19K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$368K$268K$100K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $386K$718K−$332K$1.3M 990 PDF
FY2023 $523K$503K$20K$1.7M 990 PDF
FY2022 $1.1M$418K$667K$1.7M 990 PDF
FY2021 $315K$328K−$13K$989K 990 PDF
FY2020 Viewing $422K$368K$54K$1.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $421,757 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $332,927$383,400
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $10,599$10,805
I-11 Other revenuePrior year $2,910$27,552
I-12 Total revenuePrior year $346,436$421,757
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $163,104$180,773
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $109,382$186,793
I-18 Total expensesPrior year $272,486$367,566
I-19 Revenue less expensesPrior year $73,950$54,191
Part VI · Governance 25 of 25 board members independent, 2 to look at
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $421,757 across 6 lines filed
VIII-1e Government grants$75,000
VIII-1f All other contributions, gifts and grants$308,400
VIII-1h Total contributions, gifts and grants$383,400
VIII-3 Investment incomeExcluded from tax $10,805$10,805
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $27,552$27,552
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $38,357$421,757
Part IX · Statement of functional expenses $367,566 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $93,298 · Management $19,109$112,407
IX-7 Other salaries and wagesPrograms $40,153 · Management $8,224$48,377
IX-9 Other employee benefitsPrograms $6,737 · Management $1,380$8,117
IX-10 Payroll taxesPrograms $9,854 · Management $2,018$11,872
IX-11c Accounting feesManagement $13,600$13,600
IX-12 Advertising and promotionManagement $1,205$1,205
IX-13 Office expensesPrograms $1,001 · Management $1,835$2,836
IX-14 Information technologyManagement $2,475$2,475
IX-16 OccupancyManagement $14,417$14,417
IX-22 Depreciation, depletion and amortizationManagement $6,979$6,979
IX-23 InsuranceManagement $5,280$5,280
IX-24 Other expenses (24a–d)Programs $116,969 · Management $18,540$135,509
IX-24e All other expensesManagement $4,492$4,492
IX-25 Total functional expensesPrograms $268,012 · Management $99,554 · Fundraising $0$367,566
Part X · Balance sheet $1,029,505 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $301,781$298,616
X-2 Savings and temporary cash investmentsStart of year $531,400$540,784
X-4 Accounts receivableStart of year $50,000$50,000
X-9 Prepaid expenses and deferred chargesStart of year $1,749$4,605
X-10c Land, buildings and equipment, netStart of year $142,479$135,500
X-16 Total assetsStart of year $1,027,409$1,029,505
X-17 Accounts payable and accrued expensesStart of year $14,890$14,495
X-19 Deferred revenueStart of year $65,000$13,300
X-26 Total liabilitiesStart of year $79,890$27,795
X-27 Net assets without donor restrictionsStart of year $947,519$1,001,710
X-32 Total net assets or fund balancesStart of year $947,519$1,001,710
X-33 Total liabilities and net assetsStart of year $1,027,409$1,029,505
Part XI · Reconciliation of net assets $1,001,710 net assets at year end
XI-1 Total revenue$421,757
XI-2 Total expenses$367,566
XI-3 Revenue less expenses$54,191
XI-4 Net assets at start of year$947,519
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,001,710

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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