Civic Intelligence

Chase College Foundation

990 • Fiscal year 2020 • EIN 23-7024502

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 06, 2020

Organization Profile
PO Box 76167Highland Heights, KY 41076

(859) 743-3837

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

1st percentile

-445%

Higher net margin than 1% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

13th percentile

-5.8%

Faster asset growth than 13% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

3rd percentile

-71%

Faster revenue growth than 3% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets15th percentile

Assets

Down

$2,105,219

Down $130,471 (-5.8%) from 2019

Net Assets

Down

$2,105,219

Down $130,471 (-5.8%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin1st percentile

Revenue

Down

$32,986

Down $80,543 (-71%) from 2019

Expenses

Up

$179,868

Up $27,472 (+18%) from 2019

Net Income

Down

-$146,882

Down $108,015 (-278%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$3.0M$2.0M$1.0M$0Assets 2016: $1,992,821Liabilities 2016: $0Net Assets 2016: $1,992,8212016Assets 2018: $2,227,029Liabilities 2018: $0Net Assets 2018: $2,227,0292018Assets 2019: $2,235,690Liabilities 2019: $0Net Assets 2019: $2,235,6902019Assets 2020: $2,105,219Liabilities 2020: $0Net Assets 2020: $2,105,2192020Assets 2021: $2,698,612Liabilities 2021: $0Net Assets 2021: $2,698,6122021Assets 2022: $2,209,667Liabilities 2022: $0Net Assets 2022: $2,209,6672022Assets 2025: $2,294,871Liabilities 2025: $0Net Assets 2025: $2,294,8712025

Highlighted filing

2020

Assets$2,105,219
Liabilities$0
Net Assets$2,105,219
Open 2020 Filing

Operations Trend

Revenue Growth3rd percentile

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

$400K$200K$0-$200KRevenue 2016: $61,711Expenses 2016: $129,935Net Income 2016: -$68,2242016Revenue 2018: $256,009Expenses 2018: $197,177Net Income 2018: $58,8322018Revenue 2019: $113,529Expenses 2019: $152,396Net Income 2019: -$38,8672019Revenue 2020: $32,986Expenses 2020: $179,868Net Income 2020: -$146,8822020Revenue 2021: $226,866Expenses 2021: $194,554Net Income 2021: $32,3122021Revenue 2022: $278,197Expenses 2022: $265,442Net Income 2022: $12,7552022Revenue 2025: $160,488Expenses 2025: $231,763Net Income 2025: -$71,2752025

Highlighted filing

2020

Revenue$32,986
Expenses$179,868
Net Income-$146,882
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 6, 2020
Return Version
2019v5.0
Gross Receipts
$525,948
Mission and Program Overview

Mission

Chase college foundation is an ohio not for profit corporation operating in ohio and northern kentucky. The purpose of the foundation is as follows: a) to provide a financial saftey net to assist in chase college's survival if its existence is threatened by external or internal forces. B) to the extent that achievement of the foregoing purpose permits, to provide certain support for supplemental items (beyond that which the school, the university, and the state should provide) for the school and its students, and c) to provide specific assistance as may be required by the terms of specific bequests.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,116,927$2,024,410▼ $92,517
Cash and Non-Interest-Bearing Accounts$118,763$80,809▼ $37,954
Total Assets$2,235,690$2,105,219▼ $130,471
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,235,690$2,105,219▼ $130,471
Total Net Assets Fund Balance$2,235,690$2,105,219▼ $130,471
Total Liabilities and Net Assets / Fund Balance$2,235,690$2,105,219▼ $130,471
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
William CussenPresident
David M SpauldingBoard Member
Hon Anthony W FrohlichBoard Member
John J CruzBoard Member
Joseph W Shea IiiBoard Member
Paige L EllermanBoard Member
Paul JonesBoard Member
R Lanahan GoodmanBoard Member
Hon Norbert NadelChariman of
James C FroomanSecretary
Ronald D MajorTreasurer
Walt E HaggertyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,000
Program Service Revenue
$0
Investment Income
$31,986
Other Revenue
$0
All Other Contributions
$1,000
Change in Net Assets
$-146,882
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$126,000
Other Expenses$36,421
Salaries, Compensation, and Employee Benefits$17,447
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$126,000--$126,000
Fees for Service Investment Mgmnt Fees-$22,137-$22,137
Other Salaries and Wages-$16,207-$16,207
Fees for Services Accounting-$5,896-$5,896
Office Expenses-$3,132-$3,132
Insurance-$3,071-$3,071
Fees for Services Other-$2,185-$2,185
Payroll Taxes-$1,240-$1,240
Total Functional Expenses$126,000$53,868$0$179,868
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Chase College of LawHighland Heights, KYGovSchool Function$126,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
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

“Form 990 is reviewed at a board meeting along with the fiscal year end financial report”

Form 990, Page 6, Part VI, Line 19

“All required documents are available for viewing upon request by interested parties.”

Filing and Contact Details

Filer

Filer Name
Chase College Foundation
EIN
23-7024502
Address
PO BOX 76167, HIGHLAND HEIGHTS, KY 41076
Doing Business As
Same

Signing Officer

Name
William Cussen
Title
President
Signed
2020-10-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Cussen
Voting Board Members
12
Independent Board Members
12
Employees
1

Preparer

Firm
Brauning & Company LLC
Address
7800 LAUREL AVE STE 100, CINCINNATI, OH 45243-2691
Preparer
Donald R Brauning Jr CPA
Phone
5139439200
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Chase college foundation is an ohio not for profit corporation operating in ohio and northern kentucky. The purpose of the foundation is as follows: a) to provide a financial saftey net to assist in chase college's survival if its existence is threatened by external or internal forces. B) to the extent that achievement of the foregoing purpose permits, to provide certain support for supplemental items (beyond that which the school, the university, and the state should provide) for the school and its students, and c) to provide specific assistance as may be required by the terms of specific bequests.”

Form 990, Part XI, Line 9

“Adjust investments to fair market value 16,411”

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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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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt04055
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt010205
IRS990ScheduleA/TotalSupportAmt0312419
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOOL FUNCTION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CHASE COLLEGE OF LAW
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt0CHASE COLLEGE OF LAW
IRS990ScheduleI/RecipientTable/RecipientEIN0611010545
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0NUNN DRIVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0HIGHLAND HEIGHTS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0KY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd041099
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0PART 1 ITEM 2. GRANTS ARE PAID TO AND ON BEHALF OF THE COLLEGE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 4, PART IV
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHASE COLLEGE FOUNDATION IS AN OHIO NOT FOR PROFIT CORPORATION OPERATING IN OHIO AND NORTHERN KENTUCKY. THE PURPOSE OF THE FOUNDATION IS AS FOLLOWS: A) TO PROVIDE A FINANCIAL SAFTEY NET TO ASSIST IN CHASE COLLEGE'S SURVIVAL IF ITS EXISTENCE IS THREATENED BY EXTERNAL OR INTERNAL FORCES. B) TO THE EXTENT THAT ACHIEVEMENT OF THE FOREGOING PURPOSE PERMITS, TO PROVIDE CERTAIN SUPPORT FOR SUPPLEMENTAL ITEMS (BEYOND THAT WHICH THE SCHOOL, THE UNIVERSITY, AND THE STATE SHOULD PROVIDE) FOR THE SCHOOL AND ITS STUDENTS, AND C) TO PROVIDE SPECIFIC ASSISTANCE AS MAY BE REQUIRED BY THE TERMS OF SPECIFIC BEQUESTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED AT A BOARD MEETING ALONG WITH THE FISCAL YEAR END FINANCIAL REPORT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL REQUIRED DOCUMENTS ARE AVAILABLE FOR VIEWING UPON REQUEST BY INTERESTED PARTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ADJUST INVESTMENTS TO FAIR MARKET VALUE 16,411
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02235690
IRS990/TotalAssetsEOYAmt02105219
IRS990/TotalAssetsGrp/BOYAmt02235690
IRS990/TotalAssetsGrp/EOYAmt02105219
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01000
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt053868
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0126000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0179868
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalProgramServiceExpensesAmt0126000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt031986
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt032986
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02235690
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02105219
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0MCCASLIN IMBUS MCCASLIN
IRS990/USAddress/AddressLine2Txt0600 VINE STREET SUITE 800
IRS990/USAddress/CityNm0CINCINNATI
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IRS990/USAddress/ZIPCd045202
IRS990/VotingMembersGoverningBodyCnt012
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM CUSSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-10-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHASE COLLEGE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0CHAS
ReturnHeader/Filer/EIN0237024502
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 76167
ReturnHeader/Filer/USAddress/CityNm0HIGHLAND HEIGHTS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd041076
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0BE2DF9C6DDCE728D2CFBD2EE644E6863B16766B6
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0BE2DF9C6DDCE728D2CFBD2EE644E6863B16766B6
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0216.68.219.238
ReturnHeader/FilingSecurityInformation/IPDt02020-10-27
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm010:21:08
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273153282
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRAUNING & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07800 LAUREL AVE STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CINCINNATI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0452432691
ReturnHeader/PreparerPersonGrp/PhoneNum05139439200
ReturnHeader/PreparerPersonGrp/PreparationDt02020-10-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DONALD R BRAUNING JR CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-10-27T10:21:08-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,105,219
Liabilities
$0
Net assets
$2,105,219
Revenue
$32,986
Expenses
$179,868
Net income
-$146,882
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.29$0.00$2.29$0.16$0.23$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.21$0.00$2.21$0.28$0.27$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.70$0.00$2.70$0.23$0.19$0.03
2020Detailed filing. Detailed filing data is available for this year.$2.11$0.00$2.11$0.03$0.18$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.24$0.00$2.24$0.11$0.15$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.23$0.00$2.23$0.26$0.20$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.99$0.00$1.99$0.06$0.13$0.07