Civic Intelligence

Bryan Area Foundation Inc

990 • Fiscal year 2017 • EIN 23-7041310

Jul 01, 2016 to Jun 30, 2017 • Filed on Sep 27, 2017

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

12th percentile

0.01x

Higher debt load relative to assets than 12% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

47th percentile

0.27x

Higher debt load relative to revenue than 47% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

75th percentile

16%

Higher net margin than 75% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

13th percentile

$108,910

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 10.2% of source-year revenue.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

69th percentile

10.0%

Faster asset growth than 69% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

3rd percentile

-56%

Faster revenue growth than 3% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Assets

Up

$25,876,856

Up $2,348,871 (+10.0%) from 2016

Net Assets

Up

$25,592,575

Up $2,309,514 (+9.9%) from 2016

Liabilities

Up

$284,281

Up $39,357 (+16%) from 2016

Revenue

Down

$1,069,598

Down $1,382,310 (-56%) from 2016

Expenses

Down

$900,244

Down $377,191 (-30%) from 2016

Net Income

Down

$169,354

Down $1,005,119 (-86%) from 2016

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

2017

Assets$25,876,856
Liabilities$284,281
Net Assets$25,592,575

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

2017

Revenue$1,069,598
Expenses$900,244
Net Income$169,354
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Sep 27, 2017
Return Version
2016v3.0
Gross Receipts
$2,206,691
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$21,884,968$24,069,116▲ $2,184,148
Savings and Temporary Cash Investments$717,276$839,963▲ $122,687
Land, Buildings, and Equipment, Net$5,110$4,377▼ $733
Total Assets$23,527,985$25,876,856▲ $2,348,871
Other Assets Total$920,631$963,400▲ $42,769
Liabilities
Accounts Payable and Accrued Expenses$244,924$284,281▲ $39,357
Total Liabilities$244,924$284,281▲ $39,357
Net Assets / Fund Balance
Permanently Rstr Net Assets$20,803,391$21,281,104▲ $477,713
Temporarily Rstr Net Assets$1,505,109$2,649,489▲ $1,144,380
Unrestricted Net Assets$974,561$1,661,982▲ $687,421
Total Net Assets Fund Balance$23,283,061$25,592,575▲ $2,309,514
Total Liabilities and Net Assets / Fund Balance$23,527,985$25,876,856▲ $2,348,871

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,377$23,146$27,523
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jack E BracePresident/ceFT$108,910$108,910

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$551,282
Program Service Revenue
$0
Investment Income
$518,316
Other Revenue
$0
All Other Contributions
$551,282
Change in Net Assets
$169,354

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,069,598
Revenue Not Reported on Form 990
$2,097,391
Total Revenue per Audited Statements
$3,166,989
Total Revenue per Form 990
$1,069,598
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$511,587
Salaries, Compensation, and Employee Benefits$200,537
Other Expenses$188,120
Total Fundraising Expense$61,939
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$347,387--$347,387
Grants to Domestic Individuals$164,200--$164,200
Fees for Service Investment Mgmnt Fees-$116,129-$116,129
Current Officers, Directors, Trustees, and Key Employees$27,228$54,455$27,228$108,911
Other Salaries and Wages$11,295$22,591$11,295$45,181
Other Employee Benefits$17,677$8,839$8,839$35,355
Occupancy$5,415$7,637$4,350$17,402
Payroll Taxes$2,772$5,545$2,773$11,090
Fees for Services Accounting-$9,185-$9,185
Office Expenses$3,677$2,088$2,588$8,353
Conferences and Meetings$1,276$1,968$1,081$4,325
Advertising$921-$2,763$3,684
Insurance-$2,647-$2,647
Depreciation Depletion-$2,227-$2,227
Travel$184$185$369$738
Payments to Affiliates-$456-$456
Other Expenses$204$900$203$407
All Other Expenses$-1,639$-657-$-2,296
Total Functional Expenses$596,019$242,286$61,939$900,244

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$900,244
Expenses per Audited Statements$857,475
Total Expenses per Audited Statements$857,475
Expenses Not Reported on Financial Statements$42,769
Other Expense Adjustments$42,769
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bryan Soccer AssociationBryan, OH3Field Improvements$75,000
Shalom MinistiesArchbold, OH3Support$50,000
Community Health ProfessionalsVan Wert, OH3Support$25,000
Williams Co Fair FoundationMontpelier, OH3Support$16,906
Camp Palmer 4-hFayette, OH3Swimming Pool$12,000
Ability Center of Greater ToledoSylvania, OH3Support$10,000
Williams County 4-hBryan, OH3Support$9,371
Path School for AutismBryan, OH3Operating$8,568
Wesley United Methodist ChurchBryan, OH3Support$7,876
United Way of Williams CountyBryan, OH3Operating$7,847
Williams County Humane SocietyBryan, OH3Operating$7,715
SARA'S GARDEN INCLUSIVE PLAYGROUNDWauseon, OH3Operating$6,850
First Presbyterian ChurchBryan, OH3Operating$6,760
Williams Co Public LibraryBryan, OH3Support$6,626
Four County Career CenterArchbold, OHGovOperating$5,756
Williams County YmcaBryan, OH3Operating$5,063
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
President/CEO
Phone
4196331156
Signed
2017-09-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jack E Brace
Formed
1969
Legal Domicile
Oh
Voting Board Members
14
Independent Board Members
14
Employees
3
Volunteers
55

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) 42,769

Financial Statement Notes

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

Increase in cash surrender value - life ins (program svc) 42,769

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IRS990/MissionDesc0TO SUPPORT CHARITABLE ORGANIZATIONS IN THE WILLIAMS COUNTY, OHIO AREA.
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IRS990/OtherExpensesGrp/Desc1INSURANCE - LIFE
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IRS990/PrincipalOfficerNm0JACK E 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/ExpensesNotRptFinclStmtAmt042769
IRS990ScheduleD/ExpensesSubtotalAmt0857475
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INCREASE IN CASH SURRENDER VALUE - LIFE INS (PROGRAM SVC) 42,769
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt171000

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