Civic Intelligence

Case Alumni Association Incorporated

990 • Fiscal year 2015 • EIN 20-4435833

Jul 01, 2014 to Jun 30, 2015 • Filed on May 09, 2016

10900 Euclid Avenue 109Cleveland, OH 44106

(216) 231-4567

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.62x

Higher debt load relative to assets than 83% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

78th percentile

0.58x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

23rd percentile

-7.9%

Higher net margin than 23% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

87th percentile

$170,727

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

14th percentile

-9.0%

Faster asset growth than 14% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

64th percentile

9.6%

Faster revenue growth than 64% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$4,638,703

Down $461,115 (-9.0%) from 2014

Net Assets

Down

$1,776,026

Down $407,981 (-19%) from 2014

Liabilities

Down

$2,862,677

Down $53,134 (-1.8%) from 2014

Revenue

Up

$4,961,544

Up $435,482 (+9.6%) from 2014

Expenses

Up

$5,352,851

Up $413,410 (+8.4%) from 2014

Net Income

Up

-$391,307

Up $22,072 (+5.3%) from 2014

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $5,644,846Liabilities 2010: $3,532,960Net Assets 2010: $2,111,8862010Assets 2011: $6,034,223Liabilities 2011: $3,492,949Net Assets 2011: $2,541,2742011Assets 2012: $5,019,358Liabilities 2012: $2,826,095Net Assets 2012: $2,193,2632012Assets 2013: $5,022,881Liabilities 2013: $2,760,206Net Assets 2013: $2,262,6752013Assets 2014: $5,099,818Liabilities 2014: $2,915,811Net Assets 2014: $2,184,0072014Assets 2015: $4,638,703Liabilities 2015: $2,862,677Net Assets 2015: $1,776,0262015Assets 2016: $4,284,010Liabilities 2016: $2,918,954Net Assets 2016: $1,365,0562016Assets 2017: $4,607,066Liabilities 2017: $2,816,414Net Assets 2017: $1,790,6522017Assets 2018: $4,631,327Liabilities 2018: $2,789,535Net Assets 2018: $1,841,7922018Assets 2019: $4,477,321Liabilities 2019: $3,118,680Net Assets 2019: $1,358,6412019Assets 2020: $4,556,855Liabilities 2020: $3,365,040Net Assets 2020: $1,191,8152020Assets 2021: $4,548,848Liabilities 2021: $3,191,741Net Assets 2021: $1,357,1072021Assets 2022: $4,088,805Liabilities 2022: $2,981,596Net Assets 2022: $1,107,2092022Assets 2023: $3,787,229Liabilities 2023: $2,141,940Net Assets 2023: $1,645,2892023Assets 2024: $3,865,086Liabilities 2024: $2,249,665Net Assets 2024: $1,615,4212024

Highlighted filing

2015

Assets$4,638,703
Liabilities$2,862,677
Net Assets$1,776,026

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $3,700,1432010Expenses 2011: $3,170,8752011Expenses 2012: $3,900,7062012Expenses 2013: $5,160,8302013Revenue 2014: $4,526,062Expenses 2014: $4,939,441Net Income 2014: -$413,3792014Revenue 2015: $4,961,544Expenses 2015: $5,352,851Net Income 2015: -$391,3072015Revenue 2016: $4,729,990Expenses 2016: $5,096,960Net Income 2016: -$366,9702016Revenue 2017: $4,738,093Expenses 2017: $4,423,398Net Income 2017: $314,6952017Revenue 2018: $6,483,659Expenses 2018: $6,442,945Net Income 2018: $40,7142018Revenue 2019: $4,963,148Expenses 2019: $5,454,378Net Income 2019: -$491,2302019Revenue 2020: $5,807,796Expenses 2020: $5,839,564Net Income 2020: -$31,7682020Revenue 2021: $4,106,693Expenses 2021: $4,392,204Net Income 2021: -$285,5112021Revenue 2022: $15,429,493Expenses 2022: $15,434,085Net Income 2022: -$4,5922022Revenue 2023: $4,781,961Expenses 2023: $4,381,628Net Income 2023: $400,3332023Revenue 2024: $5,425,350Expenses 2024: $5,501,137Net Income 2024: -$75,7872024

Highlighted filing

2015

Revenue$4,961,544
Expenses$5,352,851
Net Income-$391,307
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 9, 2016
Return Version
2014v6.0
Gross Receipts
$4,961,544
Mission and Program Overview

Mission

The mission of the case alumni association is to be an active alumni/alumnae fellowship that: - serves and advances the interests of the case school of engineering (cse), the math and sciences of case western reserve university (cwru), its alumni, and its students through a strategic focus on fund raising, institutional leadership, responsive services, public relations, and student programs - celebrates the traditions of the case school of applied science, case institute of technology, and the case school of engineering - enhances the value of a cse/cwru education

To be an active alumni/alumnae fellowship that supports & advances the interests of the case school of engineer- ing and case western reserve university's applied science programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,907,453$2,595,967▼ $311,486
Land, Buildings, and Equipment, Net$404,629$376,856▼ $27,773
Prepaid Expenses and Deferred Charges$60,594$68,189▲ $7,595
Savings and Temporary Cash Investments$229,219$55,638▼ $173,581
Pledges and Grants Receivable$92,068$55,461▼ $36,607
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$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
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$5,099,818$4,638,703▼ $461,115
Other Assets Total$1,405,855$1,486,592▲ $80,737
Liabilities
Other Liabilities$2,832,246$2,779,993▼ $52,253
Accounts Payable and Accrued Expenses$83,565$82,684▼ $881
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,915,811$2,862,677▼ $53,134
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,256,395$1,108,700▼ $147,695
Unrestricted Net Assets$870,050$618,402▼ $251,648
Temporarily Rstr Net Assets$57,562$48,924▼ $8,638
Total Net Assets Fund Balance$2,184,007$1,776,026▼ $407,981
Total Liabilities and Net Assets / Fund Balance$5,099,818$4,638,703▼ $461,115

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$376,856$147,664$524,520
Other Assets Org$1,486,592--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$2,584,252--$191,059$2,393,193
2013$2,676,093--$91,841$2,584,252
2012$2,643,997$32,097--$2,676,094
2011$3,135,757--$491,761$2,643,996
2010$3,183,339--$47,582$3,135,757
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephen J ZinramExecutive DirectorFT$124,508$46,219$170,727
Thomas J ConlonCFOFT$104,512$35,396$139,908

Board Members and Trustees

NameTitle
Albert Gordon '42Past President
David H Rush '51Past President
David L Parham '67Past President
Donald E Schuele G'63Past President
Edward J Gorenc '78Past President
F Thomas Krotine '63Past President
George N Havens '49Past President
Harry L Farmer Jr '55Past President
Harry W Mergler '48Past President
Jay F Moldovanyi '71Past President
John A Massie '66Past President
John E Horner '52Past President
John E Schurr '57Past President
Kenneth A Loparo PhD 1977Past President
Michael H Diamant '68Past President
Philip V DeSantis '64Past President
Phillip W Gutmann '54Past President
Robert L Schroeder '50Past President
Roger H Cerne '63Past President
Russell J Warren '60Past President
Susie J Nagorney '76Past President
Thomas C Litzler '53 MS '62Past President
William E Pritts II '61Past President
William J Kroenke '56Past President
William R Feth '68Past President
Edward P McHenry '67President
James R Sadowski '631st Vice President
Anthony T Bonina '781-Year Director
Brian D Dykas '031-Year Director
Brian S Casselberry '951-Year Director
Charles D Linville '88 MS '891-Year Director
Christopher D Butler '831-Year Director
Corey F Wright '111-Year Director
David Hunt '631-Year Director
Donald Feke '76 '771-Year Director
Eric J Matyac '94 MS '971-Year Director
Gordon R Daily '00 G'011-Year Director
Ian C Charnas '051-Year Director
James R Treleaven '691-Year Director
Kirsten N Bowen PE '961-Year Director
Lawrence M Sears '691-Year Director
Matthew D Crowley '071-Year Director
Adam C Snyder '02 G'032-Year Director
Frank Merat '72 G'75 PhD'782-Year Director
Joseph A Kovach '75 G'81 PhD'862-Year Director
Karl-Heinz Schofalvi MS '892-Year Director
Marvin S Schwartz '68 PhD'732-Year Director
William Todd Martin '96 MS '982-Year Director
Benjamin Rosolowski '833-Year Director
James D Kilmer '003-Year Director
Joseph P Fakult '903-Year Director
Nicholas A Barendt '953-Year Director
Thomas P Kicher '59 G'53 PhD'653-Year Director
William H Emling '793-Year Director
Ron J Cass '84Assistant Treasurer
Carl S Bacik '48Life Member
Edward J Hodan '50Life Member
Francis A Giddings '46Life Member
Francis W Neville '48Life Member
Jack K Mowry '54Life Member
John C Ponstingl '41Life Member
John M Flynn '51 G'53 PhD'56Life Member
Richard B Smith '51Secretary
Jeffrey O Herzog '79Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,921,209
Program Service Revenue
$10,190
Investment Income
$27,877
Other Revenue
$2,268
All Other Contributions
$2,851,318
Change in Net Assets
$-391,307

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded4$385,869Fair Market Value (FMV)
Total Noncash Contributions4$385,869-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,978,045
Salaries, Compensation, and Employee Benefits$845,035
Other Expenses$529,771
Total Fundraising Expense$119,435
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,743,281--$2,743,281
Grants to Domestic Individuals$1,234,764--$1,234,764
Other Salaries and Wages$224,860$65,315$23,297$313,472
Current Officers, Directors, Trustees, and Key Employees$222,824$64,723$23,088$310,635
Other Employee Benefits$80,350$29,278$18,488$128,116
Conferences and Meetings$78,225$3,069-$81,294
Fees for Services Other$76,465-$4,084$80,549
Travel$48,339$7,577-$55,916
Office Expenses$39,381$10,976-$50,357
Payroll Taxes$33,736$9,328$3,956$47,020
Pension Plan Contributions$31,826$10,558$3,408$45,792
Other Expenses$44,605$654$36,221$45,259
Occupancy$24,584$13,012$2,965$40,561
Depreciation Depletion$18,480$5,366$3,928$27,774
Fees for Services Accounting-$27,700-$27,700
Total Functional Expenses$4,980,959$252,457$119,435$5,352,851
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Case Western Reserve UniversityCleveland, OH501(c)(3)Departmental Support$2,743,281
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Gift Annuities$1,438,343
Scholarships Payable$1,341,650
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

MEMBERS OF THE ORGANIZATION - FORM 990, PART VI, LINE 6:

Membership includes all donors to the Case Alumni Association. Governance members include officers (President, 1st and 2nd Vice Presidents, Treasurer, Secretary, and Assistant Treasurer), 1-year, 2-year and 3-year directors and all past presidents.

FORM 990 REVIEW - FORM 990, PART VI, LINE 11B:

The audit committee has been delegated the authority to review the form 990 prior to filing by the council of the case alumni association, inc. At the next meeting of the council after the audit committee's review, a copy of the form 990 is made available to all council members.

MONITORING AND ENFORCEMENT OF CONFLICT POLICY - FORM 990,PART VI,LINE 12C:

At the start of each fiscal year, a conflict of interest (coi) statement is mailed to all existing and current members of the council. At each council and executive meeting, a completed and signed copy of the coi must be received before the member is allowed to participate.

COMPENSATION REVIEW AND APPROVAL - FORM 990, PART VI, LINE 15:

The executive committee of the board determines the compensation of the executive director. The committee is independent of the executive director and sufficient comparability data is used in the determination. The compensation of all employees of the association are reviewed by the executive director and his recommendations are forwarded to the executive committee for approval. Upon approval, those changes are incorporated in the budget for the next fiscal year.

AVAILABILITY OF DOCUMENTS - FORM 990, PART VI, LINE 19:

Abbreviated financial statements are included in the alumnus magazine that is mailed to approximately 20,000 graduates of the case school of engineering, case institute of technology, and the case school of applied science. Mathematics and science alumni of case western reserve university are included. Copies of this magazine are available at the association's offices. The association's conflict of interest policy and governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Case Alumni Association Inc
EIN
20-4435833
In Care Of
% THOMAS J CONLON
Phone
2162314567
Address
10900 Euclid Avenue 109, CLEVELAND, OH 44106

Signing Officer

Name
Thomas Conlon
Title
Chief Financial Officer
Phone
2162314567
Signed
2016-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Zinram
Formed
2005
Legal Domicile
Oh
Voting Board Members
64
Independent Board Members
64
Employees
14
Volunteers
75

Preparer

Firm
Maloney Novotny LLC
Address
1111 SUPERIOR AVENUE SUITE 700, CLEVELAND, OH 44114
Preparer
Christopher B Anderson
Phone
2163630100
Supplemental Narrative

Additional Explanations

OTHER CHANGES IN NET ASSETS - FORM 990, PART XI, LINE 9:

Change in value of life income agreements: ($16,674)

Financial Statement Notes

INTENDED USE OF ENDOWMENT FUNDS - PART V, LINE 4:

The association's endowment is used to further the exempt purposes of supporting the case school of engineering and the applied sciences programs of case western reserve university.

FIN 48 (ASC 740) FOOTNOTE - PART X, LINE 2:

INCOME TAX STATUS - THE ASSOCIATION AND FOUNDATION (A RELATED ORGANIZATION INCLUDED IN THE COMBINED FINANCIAL STATEMENTS) ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION BELIEVES THAT THERE IS APPROPRIATE SUPPORT FOR ANY TAX POSITION TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATIONS' FEDERAL INFORMATIONAL AND TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt480
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt500
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt510
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt630
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt6446219
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt6535396
IRS990/Form990PartVIISectionAGrp/PersonNm0Edward P McHenry '67
IRS990/Form990PartVIISectionAGrp/PersonNm1James R Sadowski '63
IRS990/Form990PartVIISectionAGrp/PersonNm2Richard B Smith '51
IRS990/Form990PartVIISectionAGrp/PersonNm3Jeffrey O Herzog '79
IRS990/Form990PartVIISectionAGrp/PersonNm4Ron J Cass '84
IRS990/Form990PartVIISectionAGrp/PersonNm5James D Kilmer '00
IRS990/Form990PartVIISectionAGrp/PersonNm6Benjamin Rosolowski '83
IRS990/Form990PartVIISectionAGrp/PersonNm7Joseph P Fakult '90
IRS990/Form990PartVIISectionAGrp/PersonNm8William H Emling '79
IRS990/Form990PartVIISectionAGrp/PersonNm9Thomas P Kicher '59 G'53 PhD'65
IRS990/Form990PartVIISectionAGrp/PersonNm10Nicholas A Barendt '95
IRS990/Form990PartVIISectionAGrp/PersonNm11William Todd Martin '96 MS '98
IRS990/Form990PartVIISectionAGrp/PersonNm12Frank Merat '72 G'75 PhD'78
IRS990/Form990PartVIISectionAGrp/PersonNm13Adam C Snyder '02 G'03
IRS990/Form990PartVIISectionAGrp/PersonNm14Marvin S Schwartz '68 PhD'73
IRS990/Form990PartVIISectionAGrp/PersonNm15Joseph A Kovach '75 G'81 PhD'86
IRS990/Form990PartVIISectionAGrp/PersonNm16Karl-Heinz Schofalvi MS '89
IRS990/Form990PartVIISectionAGrp/PersonNm17Lawrence M Sears '69
IRS990/Form990PartVIISectionAGrp/PersonNm18Anthony T Bonina '78
IRS990/Form990PartVIISectionAGrp/PersonNm19Ian C Charnas '05
IRS990/Form990PartVIISectionAGrp/PersonNm20Gordon R Daily '00 G'01
IRS990/Form990PartVIISectionAGrp/PersonNm21Brian D Dykas '03
IRS990/Form990PartVIISectionAGrp/PersonNm22Christopher D Butler '83
IRS990/Form990PartVIISectionAGrp/PersonNm23Donald Feke '76 '77
IRS990/Form990PartVIISectionAGrp/PersonNm24David Hunt '63
IRS990/Form990PartVIISectionAGrp/PersonNm25Roger H Cerne '63
IRS990/Form990PartVIISectionAGrp/PersonNm26Philip V DeSantis '64
IRS990/Form990PartVIISectionAGrp/PersonNm27Michael H Diamant '68
IRS990/Form990PartVIISectionAGrp/PersonNm28Harry L Farmer Jr '55
IRS990/Form990PartVIISectionAGrp/PersonNm29William R Feth '68
IRS990/Form990PartVIISectionAGrp/PersonNm30Albert Gordon '42
IRS990/Form990PartVIISectionAGrp/PersonNm31Edward J Gorenc '78
IRS990/Form990PartVIISectionAGrp/PersonNm32Phillip W Gutmann '54
IRS990/Form990PartVIISectionAGrp/PersonNm33George N Havens '49
IRS990/Form990PartVIISectionAGrp/PersonNm34John E Horner '52
IRS990/Form990PartVIISectionAGrp/PersonNm35William J Kroenke '56
IRS990/Form990PartVIISectionAGrp/PersonNm36F Thomas Krotine '63

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.87$2.25$1.62$5.43$5.50$0.08
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.79$2.14$1.65$4.78$4.38$0.40
2022Detailed filing. Detailed filing data is available for this year.$4.09$2.98$1.11$15.4$15.4$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.55$3.19$1.36$4.11$4.39$0.29
2020Detailed filing. Detailed filing data is available for this year.$4.56$3.37$1.19$5.81$5.84$0.03
2019Detailed filing. Detailed filing data is available for this year.$4.48$3.12$1.36$4.96$5.45$0.49
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.63$2.79$1.84$6.48$6.44$0.04
2017Detailed filing. Detailed filing data is available for this year.$4.61$2.82$1.79$4.74$4.42$0.31
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.28$2.92$1.37$4.73$5.10$0.37
2015Detailed filing. Detailed filing data is available for this year.$4.64$2.86$1.78$4.96$5.35$0.39
2014Detailed filing. Detailed filing data is available for this year.$5.10$2.92$2.18$4.53$4.94$0.41
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.02$2.76$2.26$5.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.02$2.83$2.19$3.90
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.03$3.49$2.54$3.17
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.64$3.53$2.11$3.70
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $1M-$5M nonprofits