Civic Intelligence

Bexley Community Foundation

990 • Fiscal year 2020 • EIN 27-1405357

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 07, 2021

552 South Drexel AvenueBexley, OH 43209

(614) 235-4070

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

3rd percentile

-160%

Higher net margin than 3% 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

2nd percentile

-46%

Faster asset growth than 2% of similar nonprofits.

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

Revenue Growth

18th percentile

-27%

Faster revenue growth than 18% of similar nonprofits.

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

Assets

Down

$1,496,069

Down $1,286,897 (-46%) from 2019

Net Assets

Down

$1,496,069

Down $1,286,284 (-46%) from 2019

Liabilities

Down

$0

Down $613 (-100%) from 2019

Revenue

Down

$805,211

Down $303,938 (-27%) from 2019

Expenses

Up

$2,091,495

Up $1,740,486 (+496%) from 2019

Net Income

Down

-$1,286,284

Down $2,044,424 (-270%) from 2019

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2018: $2,024,366Liabilities 2018: $153Net Assets 2018: $2,024,2132018Assets 2019: $2,782,966Liabilities 2019: $613Net Assets 2019: $2,782,3532019Assets 2020: $1,496,069Liabilities 2020: $0Net Assets 2020: $1,496,0692020Assets 2021: $2,258,424Liabilities 2021: $3,237Net Assets 2021: $2,255,1872021Assets 2022: $2,263,226Liabilities 2022: $4,667Net Assets 2022: $2,258,5592022Assets 2023: $2,833,972Liabilities 2023: $22,975Net Assets 2023: $2,810,9972023Assets 2024: $2,895,946Liabilities 2024: $13,975Net Assets 2024: $2,881,9712024

Highlighted filing

2020

Assets$1,496,069
Liabilities$0
Net Assets$1,496,069

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2018: $1,008,385Expenses 2018: $330,017Net Income 2018: $678,3682018Revenue 2019: $1,109,149Expenses 2019: $351,009Net Income 2019: $758,1402019Revenue 2020: $805,211Expenses 2020: $2,091,495Net Income 2020: -$1,286,2842020Revenue 2021: $1,155,076Expenses 2021: $607,278Net Income 2021: $547,7982021Revenue 2022: $647,882Expenses 2022: $379,591Net Income 2022: $268,2912022Revenue 2023: $836,877Expenses 2023: $510,075Net Income 2023: $326,8022023Revenue 2024: $838,513Expenses 2024: $978,673Net Income 2024: -$140,1602024

Highlighted filing

2020

Revenue$805,211
Expenses$2,091,495
Net Income-$1,286,284
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 7, 2021
Return Version
2020v4.0
Gross Receipts
$805,211
Mission and Program Overview

Mission

Bexley community foundation seeks to be a broadly based, public supported community foundation serving the needs of bexley, ohio and will operate similarly to other community foundations in ohio and throughout the country.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,114$20,310▲ $18,196
Total Assets$2,782,966$1,496,069▼ $1,286,897
Other Assets Total$2,780,852$1,475,759▼ $1,305,093
Liabilities
Accounts Payable and Accrued Expenses$613--
Total Liabilities$613$0▼ $613
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,782,353$1,496,069▼ $1,286,284
Total Net Assets Fund Balance$2,782,353$1,496,069▼ $1,286,284
Total Liabilities and Net Assets / Fund Balance$2,782,966$1,496,069▼ $1,286,897

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,475,759--
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$693,931
Program Service Revenue
$0
Investment Income
$31,358
Other Revenue
$79,922
All Other Contributions
$693,931
Change in Net Assets
$-1,286,284
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,967,234
Salaries, Compensation, and Employee Benefits$68,016
Other Expenses$56,245
Total Fundraising Expense$43,492
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,967,234--$1,967,234
Other Salaries and Wages$26,526$17,684$23,806$68,016
Fees for Services Other$8,007$5,338$7,185$20,530
Occupancy$3,510$2,340$3,150$9,000
Office Expenses$2,652$1,768$2,380$6,800
Insurance$188$125$169$482
Other Expenses$50$33$45$128
Total Functional Expenses$2,015,696$32,307$43,492$2,091,495
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of BexleyBexley, OHGovSee Part Iv$1,914,414
Developmental Assets Resource NtwkColumbus, OH501c3Camps & Covid Relief$20,000
Capital UniversityColumbus, OH501c3100 Years of Music$12,446
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
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
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 copy of the form 990 is provided electronically to members for review prior to filing.

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

Members are asked to recuse themselves from items that are conflicts. In addition, the board requires annual signed statements of conflict of interest from each member.

Form 990, Page 6, Part VI, Line 19

Written request are submitted to the board. The board reviews each request and determines if the information should be made available.

Filing and Contact Details

Filer

Filer Name
Bexley Community Foundation
EIN
27-1405357
Phone
6142354070
Address
552 SOUTH DREXEL AVENUE, BEXLEY, OH 43209

Signing Officer

Name
Jeffrey Walker
Title
Chair
Phone
6142354070
Signed
2021-07-07

Organization Details

Principal Officer
Hallie Raskin
Formed
2010
Legal Domicile
Oh
Voting Board Members
16
Independent Board Members
16
Employees
2

Preparer

Firm
Wells CPA LLC
Address
6500 BUSCH BLVD STE 120, COLUMBUS, OH 43229
Preparer
Donald Wells
Phone
6143968974
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Bexley community foundation seeks to be a broadly based, public supported community foundation serving the needs of bexley, ohio and will operate similarly to other community foundations in ohio and throughout the country.

Financial Statement Notes

Schedule D, Page 3, Part X

The foundation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. The foundation follows fasb guidance on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the foundation may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the foundation, and various positions related to the potential sources of unrelated business taxable income (ubit). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. At december 31, 2020, there were no material unrecognized tax benefits identified or recorded as liabilities. The foundation files the form 990 in the u.s. Federal jurisdiction. The foundation's federal exempt organization tax returns are subject to examination by the internal revenue service, generally for three years after they are filed.

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IRS990/PrincipalOfficerNm0HALLIE RASKIN
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IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0UNREALIZED GAIN/LOSS 414,108
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BENEFICIAL INTEREST HELD BY OTHERS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION FOLLOWS FASB GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE FOUNDATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE FOUNDATION, AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. AT DECEMBER 31, 2020, THERE WERE NO MATERIAL UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES. THE FOUNDATION FILES THE FORM 990 IN THE U.S. FEDERAL JURISDICTION. THE FOUNDATION'S FEDERAL EXEMPT ORGANIZATION TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501C3
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SEE PART IV
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1CAMPS & COVID RELIEF
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2100 YEARS OF MUSIC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CITY OF BEXLEY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1DEVELOPMENTAL ASSETS RESOURCE NTWK
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2CAPITAL UNIVERSITY
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IRS990ScheduleI/RecipientTable/RecipientEIN1830422514
IRS990ScheduleI/RecipientTable/RecipientEIN2314379435
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02242 EAST MAIN STRET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1165 N PARKVIEW AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt21 COLLEGE AND MAIN
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BEXLEY
IRS990ScheduleI/RecipientTable/USAddress/CityNm1COLUMBUS
IRS990ScheduleI/RecipientTable/USAddress/CityNm2COLUMBUS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1OH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2OH
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE GRANTS ARE AWARDED TO ORGANIZATIONS SERVICING THE BEXLEY COMMUNITY. THE GRANTS REQUIRE THE ORGANIZATIONS TO REPORT THE USE OF THE GRANT FUNDS TO THE BEXLEY COMMUNITY FOUNDATION.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1PURPOSE OF CITY OF BEXLEY GRANTS - JEFFREY MANSION PROJECT, BEAUTIFICATION, CELEBRATIONS & EVENTS
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE I, PAGE 4, PART IV
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BEXLEY COMMUNITY FOUNDATION SEEKS TO BE A BROADLY BASED, PUBLIC SUPPORTED COMMUNITY FOUNDATION SERVING THE NEEDS OF BEXLEY, OHIO AND WILL OPERATE SIMILARLY TO OTHER COMMUNITY FOUNDATIONS IN OHIO AND THROUGHOUT THE COUNTRY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 IS PROVIDED ELECTRONICALLY TO MEMBERS FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS ARE ASKED TO RECUSE THEMSELVES FROM ITEMS THAT ARE CONFLICTS. IN ADDITION, THE BOARD REQUIRES ANNUAL SIGNED STATEMENTS OF CONFLICT OF INTEREST FROM EACH MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WRITTEN REQUEST ARE SUBMITTED TO THE BOARD. THE BOARD REVIEWS EACH REQUEST AND DETERMINES IF THE INFORMATION SHOULD BE MADE AVAILABLE.
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 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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