Civic Intelligence

Friends of the Drexel Inc

EIN 27-1447434 • 501(c)3 • Columbus, OH

Profile

To foster, support and promote educational, cultural, and arts programming at the drexel theatre in bexley, ohio. The drexel theatre presents a diverse array of international, documentary, independent, and classic films that would otherwise not be available to the general public. This activity entertains, educates, and deepens the appreciation of films and media arts by the community.

55 East State StreetColumbus, OH 43215

www.drexel.net

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

69th percentile

0.11x

Higher debt load relative to assets than 69% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

75th percentile

0.15x

Higher debt load relative to revenue than 75% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

28th percentile

-6.7%

Higher net margin than 28% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

31st percentile

-3.6%

Faster asset growth than 31% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

29th percentile

-7.1%

Faster revenue growth than 29% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$941,575

Down $35,386 (-3.6%) from 2023

Liabilities

Up

$103,887

Up $10,246 (+11%) from 2023

Net Assets

Down

$837,688

Down $45,632 (-5.2%) from 2023

Revenue

Down

$685,768

Down $52,141 (-7.1%) from 2023

Expenses

Down

$731,400

Down $14,621 (-2.0%) from 2023

Net Income

Down

-$45,632

Down $37,520 (-463%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0-$500KAssets 2011: $248,576Liabilities 2011: $96,940Net Assets 2011: $151,6362011Assets 2012: $550,483Liabilities 2012: $369,801Net Assets 2012: $180,6822012Assets 2013: $581,560Liabilities 2013: $281,296Net Assets 2013: $300,2642013Assets 2014: $510,268Liabilities 2014: $248,697Net Assets 2014: $261,5712014Assets 2015: $412,169Liabilities 2015: $272,916Net Assets 2015: $139,2532015Assets 2016: $238,713Liabilities 2016: $264,006Net Assets 2016: -$25,2932016Assets 2017: $200,221Liabilities 2017: $210,295Net Assets 2017: -$10,0742017Assets 2018: $242,948Liabilities 2018: $165,458Net Assets 2018: $77,4902018Assets 2019: $240,617Liabilities 2019: $106,596Net Assets 2019: $134,0212019Assets 2020: $371,758Liabilities 2020: $105,832Net Assets 2020: $265,9262020Assets 2021: $901,429Liabilities 2021: $79,012Net Assets 2021: $822,4172021Assets 2022: $971,900Liabilities 2022: $80,468Net Assets 2022: $891,4322022Assets 2023: $976,961Liabilities 2023: $93,641Net Assets 2023: $883,3202023Assets 2024: $941,575Liabilities 2024: $103,887Net Assets 2024: $837,6882024

Highlighted filing

2024

Assets$941,575
Liabilities$103,887
Net Assets$837,688

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2011: $668,3932011Expenses 2012: $747,7272012Revenue 2013: $909,889Expenses 2013: $790,307Net Income 2013: $119,5822013Revenue 2014: $723,277Expenses 2014: $761,970Net Income 2014: -$38,6932014Revenue 2015: $630,956Expenses 2015: $753,274Net Income 2015: -$122,3182015Revenue 2016: $540,866Expenses 2016: $705,412Net Income 2016: -$164,5462016Revenue 2017: $503,318Expenses 2017: $488,099Net Income 2017: $15,2192017Revenue 2018: $543,407Expenses 2018: $455,843Net Income 2018: $87,5642018Revenue 2019: $561,456Expenses 2019: $504,925Net Income 2019: $56,5312019Revenue 2020: $418,375Expenses 2020: $286,470Net Income 2020: $131,9052020Revenue 2021: $972,882Expenses 2021: $416,391Net Income 2021: $556,4912021Revenue 2022: $673,067Expenses 2022: $604,052Net Income 2022: $69,0152022Revenue 2023: $737,909Expenses 2023: $746,021Net Income 2023: -$8,1122023Revenue 2024: $685,768Expenses 2024: $731,400Net Income 2024: -$45,6322024

Highlighted filing

2024

Revenue$685,768
Expenses$731,400
Net Income-$45,632

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.42$1.04$8.38$6.86$7.31$0.46
2023Detailed filing. Detailed filing data is available for this year.$9.77$0.94$8.83$7.38$7.46$0.08
2022Detailed filing. Detailed filing data is available for this year.$9.72$0.80$8.91$6.73$6.04$0.69
2021Detailed filing. Detailed filing data is available for this year.$9.01$0.79$8.22$9.73$4.16$5.56
2020Detailed filing. Detailed filing data is available for this year.$3.72$1.06$2.66$4.18$2.86$1.32
2019Detailed filing. Detailed filing data is available for this year.$2.41$1.07$1.34$5.61$5.05$0.57
2018Detailed filing. Detailed filing data is available for this year.$2.43$1.65$0.77$5.43$4.56$0.88
2017Detailed filing. Detailed filing data is available for this year.$2.00$2.10$0.10$5.03$4.88$0.15
2016Detailed filing. Detailed filing data is available for this year.$2.39$2.64$0.25$5.41$7.05$1.65
2015Detailed filing. Detailed filing data is available for this year.$4.12$2.73$1.39$6.31$7.53$1.22
2014Detailed filing. Detailed filing data is available for this year.$5.10$2.49$2.62$7.23$7.62$0.39
2013Detailed filing. Detailed filing data is available for this year.$5.82$2.81$3.00$9.10$7.90$1.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.50$3.70$1.81$7.48
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.49$0.97$1.52$6.68
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$754,618
Mission and Program Overview

Mission

To foster, support and promote educational, cultural, and arts programming at the drexel theatre in bexley, ohio. The drexel theatre presents a diverse array of international, documentary, independent, and classic films that would otherwise not be available to the general public. This activity entertains, educates, and deepens the appreciation of films and media arts by the community.

To foster, support and promote educational, cultural and arts programming at the drexel theatre.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$824,918$755,715▼ $69,203
Land, Buildings, and Equipment, Net$97,906$112,967▲ $15,061
Prepaid Expenses and Deferred Charges$8,723$34,374▲ $25,651
Pledges and Grants Receivable$21,344$25,534▲ $4,190
Accounts Receivable$10,607$0▼ $10,607
Intangible Assets$9,647$9,647→ $0
Inventories for Sale or Use$3,816$3,338▼ $478
Total Assets$976,961$941,575▼ $35,386
Liabilities
Accounts Payable and Accrued Expenses$44,845$52,261▲ $7,416
Deferred Revenue$48,796$51,626▲ $2,830
Total Liabilities$93,641$103,887▲ $10,246
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$879,132$837,688▼ $41,444
Net Assets With Donor Restrictions$4,188$0▼ $4,188
Total Net Assets Fund Balance$883,320$837,688▼ $45,632
Total Liabilities and Net Assets / Fund Balance$976,961$941,575▼ $35,386

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$112,967$265,363$378,330
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jennifer Nelson CarneyChairman
Kim Rice WilsonVice Chairman
Bonnie MilenthalDirector
Georgia Ruch GockenDirector
Julie RobbinsDirector
Tom MackDirector
Trip LazarusDirector
Cristyn Allen StewardDirector (begin Jan 2024)
Kyle LoweDirector (begin Jan 2024)
Ruth LomaxDirector (begin Jan 2024)
Amy MilbourneDirector (thru Oct 2024)
Judy FisherDirector (thru Oct 2024)
Kelly CastoSecretary
Neila LiebermanTreasurer (begin Jan 2024)

Highest Paid Contractors

ContractorServicesLocationCompensation
Columbus Assoc For The Performing ArtsManagement55 E STATE STREET, Columbus, OH 43215$102,521
Revenue and Support

Revenue Composition

Contributions and Grants
$172,351
Program Service Revenue
$380,238
Investment Income
$0
Other Revenue
$133,179
All Other Contributions
$60,007
Change in Net Assets
$-45,632

Audited Revenue Reconciliation

Revenue per Audited Statements
$754,618
Revenue Not Reported on Financial Statements
$-68,850
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-68,850
Total Revenue per Audited Statements
$754,618
Total Revenue per Form 990
$685,768
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$494,615
Salaries, Compensation, and Employee Benefits$236,785
Total Fundraising Expense$31,171
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$217,778--$217,778
Fees for Services Management$5,130$66,635$30,756$102,521
Fees for Services Other$45,174$18,321-$63,495
Office Expenses$39,822$3,468$266$43,556
Occupancy$27,267--$27,267
Payroll Taxes$19,007--$19,007
Depreciation Depletion$18,623--$18,623
Advertising$15,358$1,654-$17,012
Insurance-$9,892-$9,892
Other Expenses$2,939$1,284-$2,939
All Other Expenses$-313$2,567$149$2,403
Travel-$44-$44
Total Functional Expenses$596,364$103,865$31,171$731,400

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$800,250
Expenses per Audited Statements$731,400
Total Expenses per Form 990$731,400
Expenses Not Reported on Form 990$68,850
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$20,509
Fundraising Gross Income$11,775
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$113,935$11,775$4,969$6,806
Total Events$113,935$11,775$20,509$-8,734
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
Audit committee
Yes
Backup withholding compliance
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Since march 2011, the organization has maintained a management agreement with the columbus association for the performing arts (capa) in which capa provides executive oversight, accounting, fundraising and marketing services.

Form 990, Part VI, Section B, Line 11B

After management completes their review, a draft of the 990 is distributed via email to the full board for their review and comment. The 990 is modified based on board comments/questions as needed. A final draft is redistributed prior to filing the 990 with the irs.

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

The organization has a conflict of interest policy in place per the organization's code of regulations. The conflict of interest policy is handed out at the first board meeting of each fiscal year. Board members can fill it out and return it that day or return it to the senior accountant at a later date. Reasonable effort is made by the senior accountant to obtain all forms.

Form 990, Part VI, Section C, Line 19

The organization's form 990 and 1023 are available for public inspection upon request. Further, the organization's form 990 is available for public inspection on another's website, www.guidestar.org

Filing and Contact Details

Filer

Filer Name
Friends of the Drexel Inc
EIN
27-1447434
Phone
6144691045
Address
55 EAST STATE STREET, COLUMBUS, OH 43215

Signing Officer

Name
Neila Lieberman
Title
Treasurer
Phone
6144691045
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Nelson Carney
Formed
2009
Legal Domicile
Oh
Voting Board Members
12
Independent Board Members
12
Employees
18
Volunteers
0

Preparer

Firm
Gbq Partners LLC
Address
4030 SMITH ROAD SUITE 400, CINCINNATI, OH 45209
Preparer
Kathleen M Moseley
Phone
5138713033
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization's finance committee assumes responsibility for the oversight of the audit and selection of the audit firm.

Financial Statement Notes

PART X, LINE 2:

Management performs an annual assessment for any uncertainty in income tax positions which includes an analysis of whether there are any tax positions the organization takes with regard to unrelated business income, related deductions applied or other activities that may jeopardize its tax exempt status and thus would meet the definition of an uncertain tax position. No tax liability accrual was recorded as of the years ended december 31, 2024 or 2023 relating to material uncertain positions taken, as management believes there are none.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Cogs -48,341. Fundraising expenses -20,509.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cogs 48,341. Fundraising expenses 20,509.

Raw XML AppendixShowing 400 of 570 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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