Civic Intelligence

Summerfair Foundation Inc.

990 • Fiscal year 2015 • EIN 23-7229462

Oct 01, 2014 to Sep 30, 2015 • Filed on Feb 11, 2016

7850 Five Mile RoadCincinnati, OH 45230

(513) 531-0050

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

Higher debt load relative to assets than 31% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

33rd percentile

0.01x

Higher debt load relative to revenue than 33% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

71st percentile

13%

Higher net margin than 71% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

67th percentile

$52,124

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 13.3% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M 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

$764,439

No earlier filing loaded for comparison.

Net Assets

$761,577

No earlier filing loaded for comparison.

Liabilities

$2,862

No earlier filing loaded for comparison.

Revenue

$392,225

No earlier filing loaded for comparison.

Expenses

$341,023

No earlier filing loaded for comparison.

Net Income

$51,202

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.

$1.5M$1.0M$500K$0Assets 2015: $764,439Liabilities 2015: $2,862Net Assets 2015: $761,5772015Assets 2016: $833,130Liabilities 2016: $1,264Net Assets 2016: $831,8662016Assets 2017: $921,277Liabilities 2017: $1,525Net Assets 2017: $919,7522017Assets 2018: $959,245Liabilities 2018: $1,614Net Assets 2018: $957,6312018Assets 2019: $1,007,024Liabilities 2019: $1,429Net Assets 2019: $1,005,5952019Assets 2020: $827,629Liabilities 2020: $1,409Net Assets 2020: $826,2202020Assets 2021: $948,725Liabilities 2021: $3,053Net Assets 2021: $945,6722021Assets 2022: $905,560Liabilities 2022: $8,878Net Assets 2022: $896,6822022Assets 2023: $940,459Liabilities 2023: $3,797Net Assets 2023: $936,6622023Assets 2024: $1,072,907Liabilities 2024: $2,531Net Assets 2024: $1,070,3762024

Highlighted filing

2015

Assets$764,439
Liabilities$2,862
Net Assets$761,577

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2015: $392,225Expenses 2015: $341,023Net Income 2015: $51,2022015Revenue 2016: $418,069Expenses 2016: $371,317Net Income 2016: $46,7522016Revenue 2017: $480,627Expenses 2017: $413,555Net Income 2017: $67,0722017Revenue 2018: $427,598Expenses 2018: $411,159Net Income 2018: $16,4392018Revenue 2019: $434,784Expenses 2019: $374,489Net Income 2019: $60,2952019Revenue 2020: $145,228Expenses 2020: $255,825Net Income 2020: -$110,5972020Revenue 2021: $442,604Expenses 2021: $433,357Net Income 2021: $9,2472021Revenue 2022: $529,117Expenses 2022: $469,550Net Income 2022: $59,5672022Revenue 2023: $498,021Expenses 2023: $485,795Net Income 2023: $12,2262023Revenue 2024: $524,033Expenses 2024: $506,987Net Income 2024: $17,0462024

Highlighted filing

2015

Revenue$392,225
Expenses$341,023
Net Income$51,202
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Feb 11, 2016
Return Version
2014v6.0
Gross Receipts
$392,225
Mission and Program Overview

Mission

Summerfair cincinnati, inc. Is a nonprofit, 501(c) arts organization dedicated to supporting young artists, individual artists and small and mid-sized community based arts organizations through scholarships, awards and exhibitions.

Supporting and promoting artists and the arts through events and other activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$717,708$761,577▲ $43,869
Cash and Non-Interest-Bearing Accounts$436,541$483,203▲ $46,662
Investments in Publicly Traded Securities$282,694$281,236▼ $1,458
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$719,235$764,439▲ $45,204
Liabilities
Accounts Payable and Accrued Expenses-$2,862-
Other Liabilities$1,527$0▼ $1,527
Total Liabilities$1,527$2,862▲ $1,335
Net Assets / Fund Balance
Total Net Assets Fund Balance$717,708$761,577▲ $43,869
Total Liabilities and Net Assets / Fund Balance$719,235$764,439▲ $45,204
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jayne UtterExecutive DirectorFT$52,124$52,124

Board Members and Trustees

NameTitle
Jeff MartinFair Chairperson
Anne PoppePresident
Mike McculloughTrustee
Roger HenthornIt
Jeffrey NicholasVP of Administration
Rhonda DossenbachVP of Awards
Roger HardingVP of Finance
Kathy BrackettVP of Membership
Jill ConwayVP of Operations
Revenue and Support

Revenue Composition

Contributions and Grants
$5,125
Program Service Revenue
$380,522
Investment Income
$6,578
Other Revenue
$0
All Other Contributions
$5,125
Change in Net Assets
$51,202
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$232,522
Salaries, Compensation, and Employee Benefits$55,658
Grants and Similar Amounts Paid$52,843
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$37,804$10,200-$48,004
Current Officers, Directors, Trustees, and Key Employees$38,737$6,836-$45,573
Grants to Domestic Orgs$39,600--$39,600
Advertising$29,621$2,375-$31,996
All Other Expenses$22,776$3,755-$26,531
Grants to Domestic Individuals$13,243--$13,243
Other Expenses$9,024$21,124-$9,024
Fees for Services Accounting-$8,719-$8,719
Insurance$4,160$4,304-$8,464
Office Expenses$376$6,257-$6,633
Other Employee Benefits$4,406$778-$5,184
Payroll Taxes$3,004$530-$3,534
Fees for Services Other$421$1,515-$1,936
Pension Plan Contributions$1,162$205-$1,367
Conferences and Meetings-$538-$538
Royalties-$250-$250
Travel-$30-$30
Total Functional Expenses$272,427$68,596$0$341,023
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Carnegie Visual & Performing Arts CenterCovington, KY501(c)(3)Allocation of Funds Generated by the Organization to Small Visual and Performing Arts Organizations for Programs Designed to Improve Acess to the Arts in the Area.$15,000
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
No
Annual disclosure for covered persons
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
No
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, Part VI, Section B, Line 11

The form 990 is distributed and reviewed during a quarterly board meeting before the return is filed with the irs.

Form 990, Part VI, Section B, Line 12C

All officers, directors, trustees, and key employees are required to disclose annually any interests that could give rise to conflicts and are required to sign a document disclosing such information.

Form 990, Part VI, Section B, Line 15A

Compensation for the executive director is reviewed by the board of directors annually whereby raise feasibility is determined by comparability to other organizations.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available for public inspection at request. These documents are located in a file at the office.

Filing and Contact Details

Filer

Filer Name
Summerfair Cincinnati Inc
EIN
23-7229462
Phone
5135310050
Address
7850 FIVE MILE ROAD, CINCINNATI, OH 45230

Signing Officer

Name
Jayne Utter
Title
Administrator
Phone
5135310050
Signed
2016-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jayne Utter
Formed
1968
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
1
Volunteers
14

Preparer

Firm
Bdo USA Llp
Address
221 E 4TH STREET STE 100, CINCINNATI, OH 45202
Preparer
Brian Berning
Phone
5135922400
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IRS990/PYTotalRevenueAmt0420354
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt051202
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt0250
IRS990/RoyaltiesGrp/TotalAmt0250
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt05125
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05125
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt06577
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt09909
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt07204
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt07207
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02389
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt033286
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0380522
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0410445
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0386290
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0440033
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0363072
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01980362
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt06577
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt09909
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt07204
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt07207
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02389
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt033286
IRS990ScheduleA/InvestmentIncomeCYPct00.01650
IRS990ScheduleA/InvestmentIncomePYPct00.01540
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98350
IRS990ScheduleA/PublicSupportPY509Pct00.98460
IRS990ScheduleA/PublicSupportTotal509Amt01985487
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0385647
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0410445
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0386290
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0440033
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0363072
IRS990ScheduleA/Total509Grp/TotalAmt01985487
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0392224
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0420354
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0393494
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0447240
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0365461
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02018773
IRS990/ScheduleBRequiredInd00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt013243
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0AID TO INDIVIDUAL ARTISTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt07
IRS990ScheduleI/RecipientTable/CashGrantAmt015000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ALLOCATION OF FUNDS GENERATED BY THE ORGANIZATION TO SMALL VISUAL AND PERFORMING ARTS ORGANIZATIONS FOR PROGRAMS DESIGNED TO IMPROVE ACESS TO THE ARTS IN THE AREA.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CARNEGIE VISUAL & PERFORMING ARTS CENTER
IRS990ScheduleI/RecipientTable/RecipientEIN0610897319
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01028 SCOTT BOULEVARD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0COVINGTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0KY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd041011
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0HIGH SCHOOL AWARDS - RECIPIENTS ARE REQUIRED TO PROVIDE RECEIPTS FOR ART SUPPLIES AND/OR TUITION FOR COLLEGE LEVEL CLASSES FOR REIMBURSEMENT CHECK FOR THE AMOUNT OF THE AWARD. COLLEGE AWARDS - A GROUP OF 3-4 JUDGES ARE BROUGHT IN TO SELECT ONE RECIPIENT FOR THE AWARD. INDIVIDUAL ARTISTS AWARD - APPLICANTS ARE AWARDED $3,000 EACH FOR USE AS THEY SEE FIT TO ENABLE THEM TO CONTINUE WITH THEIR ART WORK. EVERY THIRD YEAR, THE PAST RECIPIENTS ARE REQUIRED TO PARTICIPATE IN AN EXHIBIT, IN WHICH THEY SHOW THE WORK THAT THE AIA AWARDS ALLOWED THEM TO PRODUCE. SMALL ARTS ORGANIZATION AWARDS - EACH ORGANIZATION IS ASKED TO COMPLETE A FINAL REPORT FORM IN WHICH THEY PROVIDE DOCUMENTATION OF HOW THE AWARD WAS USED, INCLUDING COPIES OF ANY PR, ADVERTISING, PROGRAMS, ETC. ANNUAL FAIR POSTER COMPETITION - AWARD OF $2000 PRESENTED TO THE ARTIST WHOSE POSTER ENTRY IS SELECTED TO REPRESENT THE FAIR. ARTIST MUST BE AVAILABLE TO WORK ON ALL FAIR MARKETING MATERIALS AND MERCHANDISE ON WHICH THE POSTER IMAGE WILL APPEAR.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS DISTRIBUTED AND REVIEWED DURING A QUARTERLY BOARD MEETING BEFORE THE RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANNUALLY ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS AND ARE REQUIRED TO SIGN A DOCUMENT DISCLOSING SUCH INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION FOR THE EXECUTIVE DIRECTOR IS REVIEWED BY THE BOARD OF DIRECTORS ANNUALLY WHEREBY RAISE FEASIBILITY IS DETERMINED BY COMPARABILITY TO OTHER ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION AT REQUEST. THESE DOCUMENTS ARE LOCATED IN A FILE AT THE OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0719235
IRS990/TotalAssetsEOYAmt0764439
IRS990/TotalAssetsGrp/BOYAmt0719235
IRS990/TotalAssetsGrp/EOYAmt0764439
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt05125
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt068596
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0272427
IRS990/TotalFunctionalExpensesGrp/TotalAmt0341023
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01527
IRS990/TotalLiabilitiesEOYAmt02862
IRS990/TotalLiabilitiesGrp/BOYAmt01527
IRS990/TotalLiabilitiesGrp/EOYAmt02862
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0717708
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0761577
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0272427
IRS990/TotalProgramServiceRevenueAmt0380522
IRS990/TotalReportableCompFromOrgAmt052124
IRS990/TotalRevenueGrp/ExclusionAmt06578
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0380522
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0392225
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt014
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0719235
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0764439
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt030
IRS990/TravelGrp/TotalAmt030
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02842 PINE GROVE AVE
IRS990/USAddress/CityNm0CINCINNATI

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