Civic Intelligence

Bexley Community Foundation

990 • Fiscal year 2023 • EIN 27-1405357

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 23, 2024

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

30th percentile

0.01x

Higher debt load relative to assets than 30% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

34th percentile

0.03x

Higher debt load relative to revenue than 34% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

86th percentile

39%

Higher net margin than 86% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

80th percentile

25%

Faster asset growth than 80% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

74th percentile

29%

Faster revenue growth than 74% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$2,833,972

Up $570,746 (+25%) from 2022

Net Assets

Up

$2,810,997

Up $552,438 (+24%) from 2022

Liabilities

Up

$22,975

Up $18,308 (+392%) from 2022

Revenue

Up

$836,877

Up $188,995 (+29%) from 2022

Expenses

Up

$510,075

Up $130,484 (+34%) from 2022

Net Income

Up

$326,802

Up $58,511 (+22%) from 2022

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

2023

Assets$2,833,972
Liabilities$22,975
Net Assets$2,810,997

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

2023

Revenue$836,877
Expenses$510,075
Net Income$326,802
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 23, 2024
Return Version
2023v5.0
Gross Receipts
$836,877
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$26,233$31,785▲ $5,552
Total Assets$2,263,226$2,833,972▲ $570,746
Other Assets Total$2,236,993$2,802,187▲ $565,194
Liabilities
Other Liabilities$4,500$22,500▲ $18,000
Accounts Payable and Accrued Expenses$167$475▲ $308
Total Liabilities$4,667$22,975▲ $18,308
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,258,559$2,810,997▲ $552,438
Total Net Assets Fund Balance$2,258,559$2,810,997▲ $552,438
Total Liabilities and Net Assets / Fund Balance$2,263,226$2,833,972▲ $570,746

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$9,000--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$771,129
Program Service Revenue
$0
Investment Income
$65,748
Other Revenue
$0
All Other Contributions
$771,129
Change in Net Assets
$326,802
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$313,282
Other Expenses$104,832
Salaries, Compensation, and Employee Benefits$91,961
Total Fundraising Expense$90,425
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$313,282--$313,282
Other Salaries and Wages$25,059$24,646$42,256$91,961
Fees for Services Other$5,995$5,896$10,109$22,000
Occupancy$2,453$2,412$4,135$9,000
Office Expenses$1,469$1,445$2,477$5,391
Other Expenses$362$356$610$1,328
All Other Expenses$154$152$260$566
Insurance$142$140$239$521
Total Functional Expenses$366,908$52,742$90,425$510,075
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of BexleyBexley, OHGovBeautification$275,036
Developmental Assets Resource NtwkColumbus, OH501c3Summer Programming$33,246
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities-longterm$13,500
Operating Lease Liabilities-current$9,000
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
Amy Giller Stark
Title
Chair
Phone
6142354070
Signed
2024-08-23

Organization Details

Principal Officer
Hallie Raskin
Formed
2010
Legal Domicile
Oh
Voting Board Members
15
Independent Board Members
15
Employees
2
Volunteers
35

Preparer

Firm
Wells CPA LLC
Address
215 N FRONT ST STE 110, COLUMBUS, OH 43215
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, 2023 and 2022, there were no material unrecognized tax benefits identified or recorded as liabilities. The foundation files form 990 in the u.s. Federal jurisdiction and the state of ohio. The foundations federal exempt organization tax returns are subject to examination by the internal revenue service, generally for three years after they are filed. All tax returns for years ending after december 31, 2020 are open for examination.

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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt042256
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt024646
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt025059
IRS990/OtherSalariesAndWagesGrp/TotalAmt091961
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0HALLIE RASKIN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0606073
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0237633
IRS990/PYInvestmentIncomeAmt041809
IRS990/PYOtherExpensesAmt062457
IRS990/PYRevenuesLessExpensesAmt0268291
IRS990/PYSalariesCompEmpBnftPaidAmt079501
IRS990/PYTotalExpensesAmt0379591
IRS990/PYTotalRevenueAmt0647882
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0UNREALIZED GAIN/LOSS 302,940
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0606073
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01124238
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0693931
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0747956
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03943327
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt065748
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt041809
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt058253
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0197168
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0218317
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0302940
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IRS990ScheduleA/PublicSupportCY170Pct00.75420
IRS990ScheduleA/PublicSupportPY170Pct00.77870
IRS990ScheduleA/PublicSupportTotal170Amt03351301
IRS990ScheduleA/SubstantialContributorsTotAmt0592026
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0606073
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0693931
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0747956
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03943327
IRS990ScheduleA/TotalSupportAmt04443435
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02779687
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt113500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt29000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BENEFICIAL INTEREST HELD BY OTHERS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RIGHT-OF-USE ASSET-LONG TERM
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RIGHT-OF-USE ASSETS-CURRENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt19000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITIES-LONGTERM
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OPERATING LEASE LIABILITIES-CURRENT
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, 2023 AND 2022, THERE WERE NO MATERIAL UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES. THE FOUNDATION FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF OHIO. THE FOUNDATIONS FEDERAL EXEMPT ORGANIZATION TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. ALL TAX RETURNS FOR YEARS ENDING AFTER DECEMBER 31, 2020 ARE OPEN FOR EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalLiabilityAmt022500
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt0275036
IRS990ScheduleI/RecipientTable/CashGrantAmt133246
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0BEAUTIFICATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SUMMER PROGRAMMING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CITY OF BEXLEY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1DEVELOPMENTAL ASSETS RESOURCE NTWK
IRS990ScheduleI/RecipientTable/RecipientEIN0316400219
IRS990ScheduleI/RecipientTable/RecipientEIN1830422514
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02242 EAST MAIN STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1165 N PARKVIEW AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BEXLEY
IRS990ScheduleI/RecipientTable/USAddress/CityNm1COLUMBUS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1OH
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd043209
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd143209
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1CASH
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-BEAUTIFICATION. PURPOSE OF DEVELOPMENTAL ASSETS RESOURCE NETWORK-SUMMER PROGRAMMING
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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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt090425
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt052742
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0366908

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