Civic Intelligence

Bryan Area Foundation Inc

990 • Fiscal year 2015 • EIN 23-7041310

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 13, 2015

PO Box 651Bryan, OH 43506

(419) 633-1156

Siviq Scores

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

Liabilities / Assets

13th percentile

0.01x

Higher debt load relative to assets than 13% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

37th percentile

0.14x

Higher debt load relative to revenue than 37% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

85th percentile

30%

Higher net margin than 85% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

32nd percentile

$125,439

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 8.5% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

$22,783,451

No earlier filing loaded for comparison.

Net Assets

$22,570,752

No earlier filing loaded for comparison.

Liabilities

$212,699

No earlier filing loaded for comparison.

Revenue

$1,468,888

No earlier filing loaded for comparison.

Expenses

$1,032,720

No earlier filing loaded for comparison.

Net Income

$436,168

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2015: $22,783,451Liabilities 2015: $212,699Net Assets 2015: $22,570,7522015Assets 2016: $23,527,985Liabilities 2016: $244,924Net Assets 2016: $23,283,0612016Assets 2017: $25,876,856Liabilities 2017: $284,281Net Assets 2017: $25,592,5752017Assets 2018: $27,286,198Liabilities 2018: $324,291Net Assets 2018: $26,961,9072018Assets 2019: $27,501,673Liabilities 2019: $353,885Net Assets 2019: $27,147,7882019Assets 2020: $29,126,657Liabilities 2020: $592,867Net Assets 2020: $28,533,7902020Assets 2021: $38,628,031Liabilities 2021: $645,686Net Assets 2021: $37,982,3452021Assets 2022: $34,753,260Liabilities 2022: $1,234,359Net Assets 2022: $33,518,9012022Assets 2023: $38,665,936Liabilities 2023: $1,347,960Net Assets 2023: $37,317,9762023Assets 2024: $42,136,398Liabilities 2024: $775,623Net Assets 2024: $41,360,7752024Assets 2025: $46,869,884Liabilities 2025: $929,457Net Assets 2025: $45,940,4272025

Highlighted filing

2015

Assets$22,783,451
Liabilities$212,699
Net Assets$22,570,752

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $1,468,888Expenses 2015: $1,032,720Net Income 2015: $436,1682015Revenue 2016: $2,451,908Expenses 2016: $1,277,435Net Income 2016: $1,174,4732016Revenue 2017: $1,069,598Expenses 2017: $900,244Net Income 2017: $169,3542017Revenue 2018: $1,317,361Expenses 2018: $1,113,141Net Income 2018: $204,2202018Revenue 2019: $1,598,696Expenses 2019: $1,359,438Net Income 2019: $239,2582019Revenue 2020: $3,645,840Expenses 2020: $1,391,752Net Income 2020: $2,254,0882020Revenue 2021: $2,798,068Expenses 2021: $1,243,114Net Income 2021: $1,554,9542021Revenue 2022: $2,029,616Expenses 2022: $1,618,120Net Income 2022: $411,4962022Revenue 2023: $2,603,258Expenses 2023: $1,786,610Net Income 2023: $816,6482023Revenue 2024: $1,524,563Expenses 2024: $1,588,183Net Income 2024: -$63,6202024Revenue 2025: $2,354,110Expenses 2025: $1,728,823Net Income 2025: $625,2872025

Highlighted filing

2015

Revenue$1,468,888
Expenses$1,032,720
Net Income$436,168
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 13, 2015
Return Version
2014v5.0
Gross Receipts
$3,728,152
Mission and Program Overview

Mission

To support charitable organizations in the williams county, ohio area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$20,845,686$21,058,982▲ $213,296
Savings and Temporary Cash Investments$865,039$839,434▼ $25,605
Land, Buildings, and Equipment, Net$7,894$7,137▼ $757
Total Assets$22,555,482$22,783,451▲ $227,969
Other Assets Total$836,863$877,898▲ $41,035
Liabilities
Accounts Payable and Accrued Expenses$186,480$212,699▲ $26,219
Total Liabilities$186,480$212,699▲ $26,219
Net Assets / Fund Balance
Permanently Rstr Net Assets$18,144,200$19,045,941▲ $901,741
Temporarily Rstr Net Assets$2,368,562$1,970,667▼ $397,895
Unrestricted Net Assets$1,856,240$1,554,144▼ $302,096
Total Net Assets Fund Balance$22,369,002$22,570,752▲ $201,750
Total Liabilities and Net Assets / Fund Balance$22,555,482$22,783,451▲ $227,969

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,137$17,682$24,819
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jack E BracePresident/ceFT$104,288$21,151$125,439
Revenue and Support

Revenue Composition

Contributions and Grants
$961,285
Program Service Revenue
$0
Investment Income
$507,603
Other Revenue
$0
All Other Contributions
$961,285
Change in Net Assets
$436,168

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,468,888
Revenue Not Reported on Form 990
$-275,453
Total Revenue per Audited Statements
$1,193,435
Total Revenue per Form 990
$1,468,888
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$666,194
Other Expenses$188,815
Salaries, Compensation, and Employee Benefits$177,711
Total Fundraising Expense$109,192
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$499,344--$499,344
Grants to Domestic Individuals$166,850--$166,850
Fees for Service Investment Mgmnt Fees$34,091$40,075$32,701$106,867
Current Officers, Directors, Trustees, and Key Employees$30,900$41,200$30,900$103,000
Other Salaries and Wages$10,529$14,039$10,529$35,097
Other Employee Benefits$14,704$7,352$7,352$29,408
Occupancy$5,822$8,920$4,914$19,656
Office Expenses$3,817$2,804$4,593$11,214
Payroll Taxes$3,062$4,082$3,062$10,206
Fees for Services Accounting-$7,530-$7,530
Conferences and Meetings$977$1,820$932$3,729
Advertising$580-$1,742$2,322
Insurance-$2,041-$2,041
Depreciation Depletion-$1,965-$1,965
All Other Expenses$406$695$683$1,784
Other Expenses$366$1,097$7,650$1,463
Travel$205$206$412$823
Total Functional Expenses$785,980$137,548$109,192$1,032,720

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,032,720
Expenses per Audited Statements$991,685
Total Expenses per Audited Statements$991,685
Expenses Not Reported on Financial Statements$41,035
Other Expense Adjustments$41,035
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Williams Co Public LibraryBryan, OHGovEdgerton Branch$87,177
Williams County Airport AuthorityBryan, OHGov-$75,000
Williams County Senior Support FundBryan, OH3-$42,475
Wesley United Methodist ChurchBryan, OH3Support$40,395
Bryan Baseball AssociationBryan, OH3-$36,000
Williams County YmcaBryan, OH3-$30,050
SARA'S GARDEN INCLUSIVE PLAYGROUNDWauseon, OH3-$25,000
Williams County 4-hBryan, OH3Support$10,136
Open Hands Caring HeartsBryan, OH3-$10,000
Path School for AutismBryan, OH3-$9,563
United Way of Williams CountyBryan, OH3-$7,875
First Presbyterian ChurchBryan, OH3-$7,696
Bryan City Parks & Rec DeptBryan, OHGov-$7,204
Village of MontpelierBryan, OHGov-$6,689
Friends of Montpelier ParksMontpelier, OH3-$6,500
Williams County Community TheaterBryan, OH3-$5,828
Christian & Missionary Alliance ChuBryan, OH3-$5,690
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
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

A draft copy of form 990 was provided to the audit committee for a complete review. After the committee's review, the return was finalized and filed with the internal revenue service.

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

Each member, trustee, and staff member is requested annually to provide, to the president of the foundation, a list of affiliations, offices and directorships he or she holds in charitable and business organizations as well as to identify his or her place of employment or principal business activity. When the foundation is considering a grant to, or the procurement of services from, an entity in which a foundation member is affiliated (an officer, board member, director or employee), the member shall declare their affiliation and refrain from voting on the matter. This procedure also applies to committees of the foundation.

Form 990, Page 6, Part VI, Line 15A

The process for determining compensation of the ceo/president includes an annual analysis of compensation for ceo/president of other nonprofit organizations with comparable net assets. This analysis is lead by an executive committee.

Form 990, Page 6, Part VI, Line 15B

At 6/30/15 there were no other officers or key employees of the organization that received compensation. However, if there were other officers or key employees recieving compensation the process would include using comparative data from other nonprofits of similar size, lead by an executive committee.

Form 990, Page 6, Part VI, Line 19

It is the policy of the bryan area foundation to make available to the general public a copy of the bryan area foundation annual financial statement review, the organization's governing documents and the annual irs form 990 filing. These documents shall be available during normal business hours at the foundation's office and at other times by appointment. A copy of the public information will be provided at a nominal charge to anyone so desiring provided that reasonable time is allowed for reproduction. The organization will also cooperate with guidestar.org in making a copy of form 990 available via the internet.

Filing and Contact Details

Filer

Filer Name
Bryan Area Foundation Inc
EIN
23-7041310
Phone
4196331156
Address
PO BOX 651, BRYAN, OH 43506

Signing Officer

Name
Jack E Brace
Title
CEO/president
Phone
4196331156
Signed
2015-10-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jack Brace
Formed
1969
Legal Domicile
Oh
Voting Board Members
13
Independent Board Members
13
Employees
3
Volunteers
48

Preparer

Firm
Shultz Huber & Associates Inc
Address
126 E HIGH ST, BRYAN, OH 43506-1701
Preparer
Tyson L Stuckey CPA
Phone
4196368000
Supplemental Narrative

Additional Explanations

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

Other program expense used to support charitable organizations in the williams county, ohio area.

Form 990, Part XI, Line 9

Increase in cash surrender value - life ins (program svc) 41,035

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 4B

Increase in cash surrender value - life ins (program svc) 41,035

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IRS990/MissionDesc0TO SUPPORT CHARITABLE ORGANIZATIONS IN THE WILLIAMS COUNTY, OHIO AREA.
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IRS990/PrincipalOfficerNm0JACK BRACE
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE ORGANIZATION AWARDS GRANTS TO NUMEROUS NON-PROFITS MOSTLY IN THE WILLIAMS COUNTY AREA. SPECIFICALLY, GRANTS ARE FROM ENDOWMENT FUNDS SET UP ON BEHALF OF AREA SCHOOLS, CHURCHES, SOCIAL SERVICE AGENCIES, ANIMAL SHELTERS, YOUTH PROGRAMS AND LOCAL UNITED WAY.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INCREASE IN CASH SURRENDER VALUE - LIFE INS (PROGRAM SVC) 41,035
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
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