Civic Intelligence

Midwest Gift Association

990 • Fiscal year 2014 • EIN 27-4058368

Jan 01, 2014 to Dec 31, 2014 • Filed on Jul 28, 2015

7001 Discovery BoulevardDublin, OH 43017

(614) 339-5100

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.11x

Higher debt load relative to assets than 53% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

46th percentile

0.06x

Higher debt load relative to revenue than 46% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Net Margin

78th percentile

13%

Higher net margin than 78% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

46th percentile

$53,204

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 7.0% of source-year revenue.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Asset Growth

88th percentile

31%

Faster asset growth than 88% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

36th percentile

-0.0%

Faster revenue growth than 36% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Up

$413,339

Up $97,750 (+31%) from 2013

Net Assets

Up

$367,794

Up $96,833 (+36%) from 2013

Liabilities

Up

$45,545

Up $917 (+2.1%) from 2013

Revenue

Down

$759,597

Down $315 (-0.0%) from 2013

Expenses

Up

$662,764

Up $10,639 (+1.6%) from 2013

Net Income

Down

$96,833

Down $10,954 (-10%) from 2013

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2013: $315,589Liabilities 2013: $44,628Net Assets 2013: $270,9612013Assets 2014: $413,339Liabilities 2014: $45,545Net Assets 2014: $367,7942014Assets 2015: $378,983Liabilities 2015: $135Net Assets 2015: $378,8482015Assets 2016: $265,940Liabilities 2016: $0Net Assets 2016: $265,9402016Assets 2017: $166,872Liabilities 2017: $0Net Assets 2017: $166,8722017Assets 2018: $139,550Liabilities 2018: $0Net Assets 2018: $139,5502018

Highlighted filing

2014

Assets$413,339
Liabilities$45,545
Net Assets$367,794

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2013: $759,912Expenses 2013: $652,125Net Income 2013: $107,7872013Revenue 2014: $759,597Expenses 2014: $662,764Net Income 2014: $96,8332014Revenue 2015: $721,691Expenses 2015: $695,521Net Income 2015: $26,1702015Revenue 2016: $609,123Expenses 2016: $721,871Net Income 2016: -$112,7482016Revenue 2017: $665,611Expenses 2017: $762,662Net Income 2017: -$97,0512017Revenue 2018: $626,081Expenses 2018: $653,405Net Income 2018: -$27,3242018

Highlighted filing

2014

Revenue$759,597
Expenses$662,764
Net Income$96,833
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jul 28, 2015
Return Version
2014v5.0
Gross Receipts
$759,597
Mission and Program Overview

Mission

The mission of the members of the midwest gift association is to create the best possible total buying experience for its customers at the columbus marketplace. The membership will achieve this by increased level of sales professionalism and an attention to the needs and service to and for its buyers.

The mission of the members of the midwest gift association is to create the best possible total buying experience for its customers at the columbus marketplace. The membership will achieve this by an increase level of sales professionalism and an attention to the needs and service to and for its buyers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$100,143$200,309▲ $100,166
Cash and Non-Interest-Bearing Accounts$159,132$170,082▲ $10,950
Accounts Receivable$45,408$35,435▼ $9,973
Land, Buildings, and Equipment, Net$10,906$7,513▼ $3,393
Total Assets$315,589$413,339▲ $97,750
Liabilities
Other Liabilities$44,469$45,409▲ $940
Accounts Payable and Accrued Expenses$159$136▼ $23
Total Liabilities$44,628$45,545▲ $917
Net Assets / Fund Balance
Unrestricted Net Assets$270,961$367,794▲ $96,833
Total Net Assets Fund Balance$270,961$367,794▲ $96,833
Total Liabilities and Net Assets / Fund Balance$315,589$413,339▲ $97,750

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,513$20,786$28,299
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Julie DakinExecutive DirectorFT$53,204$53,204

Board Members and Trustees

NameTitle
Timothy DolanPresident
Michael SucherVice President
Cedric J WaggonerBoard Member
Debi HarpsterBoard Member
Marta SmithBoard Member
Richard LeopoldBoard Member
Tara ParkerBoard Member
Rob DossBoard Memebr
Steve StirgwoltTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$690,137
Investment Income
$165
Other Revenue
$69,295
Change in Net Assets
$96,833
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$561,551
Salaries, Compensation, and Employee Benefits$101,213
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$484,034--$484,034
Current Officers, Directors, Trustees, and Key Employees$53,204--$53,204
Other Salaries and Wages$38,259--$38,259
Advertising$14,465--$14,465
Information Technology$13,767--$13,767
Payroll Taxes$9,750--$9,750
Fees for Services Other$6,592--$6,592
Depreciation Depletion$3,394--$3,394
Insurance$2,822--$2,822
Office Expenses$1,707--$1,707
Other Expenses$1,337--$1,337
All Other Expenses$783--$783
Payment Travel Entrtnmnt Publicly Ofcl$34--$34
Total Functional Expenses$662,764$0$0$662,764
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
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Timothy DolanBOARD MEMBER'S COMPANY IS MEMBER OF ASSOCIATION.INDIVIDUAL'S COMPANY RENTS SPACE FROM ASSOCIATION.No$83,520
Rob DossBOARD MEMBER'S COMPANY IS MEMBER OF ASSOCIATION.INDIVIDUAL'S COMPANY RENTS SPACE FROM ASSOCIATION.No$29,856
Steve StirgwoltBOARD MEMBER'S COMPANY IS MEMBER OF ASSOCIATION.INDIVIDUAL'S COMPANY RENTS SPACE FROM ASSOCIATION.No$28,392
Debi HarpsterBOARD MEMBER'S COMPANY IS MEMBER OF ASSOCIATION.INDIVIDUAL'S COMPANY RENTS SPACE FROM ASSOCIATION.No$15,300
Richard LeopoldBOARD MEMBER'S COMPANY IS MEMBER OF ASSOCIATION.INDIVIDUAL'S COMPANY RENTS SPACE FROM ASSOCIATION.No$15,300
Michael SucherBOARD MEMBER'S COMPANY IS MEMBER OF ASSOCIATION.INDIVIDUAL'S COMPANY RENTS SPACE FROM ASSOCIATION.No$13,860
Cedric J WaggonerBOARD MEMBER'S COMPANY IS MEMBER OF ASSOCIATION.INDIVIDUAL'S COMPANY RENTS SPACE FROM ASSOCIATION.No$9,072
Marta SmithBOARD MEMBER'S COMPANY IS MEMBER OF ASSOCIATION.INDIVIDUAL'S COMPANY RENTS SPACE FROM ASSOCIATION.No$6,876
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits Held$45,409
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization has members.

Form 990, Part VI, Section A, Line 7A

Each member, in good standing, will have the right to exercise a vote at the annual meeting of the members for the election of directors.

Form 990, Part VI, Section B, Line 11

The tax return is presented to the treasurer of the board of directors for approval prior to filing.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Midwest Gift Association
EIN
27-4058368
Phone
6143395100
Address
7001 DISCOVERY BOULEVARD, DUBLIN, OH 43017

Signing Officer

Name
Zachary Downs
Title
Executive Director
Phone
6143395100
Signed
2015-07-28

Organization Details

Principal Officer
Zachary Downs
Formed
2011
Legal Domicile
Oh
Voting Board Members
36
Independent Board Members
0
Employees
11
Volunteers
0

Preparer

Firm
Norman Jones Enlow & Co
Address
226 N FIFTH STREET SUITE 500, COLUMBUS, OH 43215
Preparer
Scott Grimes
Phone
6142284000
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt045409
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS HELD
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07513
IRS990ScheduleD/TotalLiabilityAmt045409
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0TIMOTHY DOLAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1MICHAEL SUCHER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2STEVE STIRGWOLT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm3DEBI HARPSTER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm4RICHARD LEOPOLD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm5MARTA SMITH
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm6ROB DOSS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm7CEDRIC J WAGGONER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER'S COMPANY IS MEMBER OF ASSOCIATION.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1BOARD MEMBER'S COMPANY IS MEMBER OF ASSOCIATION.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2BOARD MEMBER'S COMPANY IS MEMBER OF ASSOCIATION.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3BOARD MEMBER'S COMPANY IS MEMBER OF ASSOCIATION.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt4BOARD MEMBER'S COMPANY IS MEMBER OF ASSOCIATION.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt5BOARD MEMBER'S COMPANY IS MEMBER OF ASSOCIATION.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt6BOARD MEMBER'S COMPANY IS MEMBER OF ASSOCIATION.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt7BOARD MEMBER'S COMPANY IS MEMBER OF ASSOCIATION.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd20
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd30
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd40
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd50
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd60
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd70
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt083520
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt113860
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt228392
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt315300
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt415300
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt56876
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt629856
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt79072
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0INDIVIDUAL'S COMPANY RENTS SPACE FROM ASSOCIATION.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1INDIVIDUAL'S COMPANY RENTS SPACE FROM ASSOCIATION.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2INDIVIDUAL'S COMPANY RENTS SPACE FROM ASSOCIATION.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3INDIVIDUAL'S COMPANY RENTS SPACE FROM ASSOCIATION.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc4INDIVIDUAL'S COMPANY RENTS SPACE FROM ASSOCIATION.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc5INDIVIDUAL'S COMPANY RENTS SPACE FROM ASSOCIATION.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc6INDIVIDUAL'S COMPANY RENTS SPACE FROM ASSOCIATION.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc7INDIVIDUAL'S COMPANY RENTS SPACE FROM ASSOCIATION.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER, IN GOOD STANDING, WILL HAVE THE RIGHT TO EXERCISE A VOTE AT THE ANNUAL MEETING OF THE MEMBERS FOR THE ELECTION OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TAX RETURN IS PRESENTED TO THE TREASURER OF THE BOARD OF DIRECTORS FOR APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0315589
IRS990/TotalAssetsEOYAmt0413339
IRS990/TotalAssetsGrp/BOYAmt0315589
IRS990/TotalAssetsGrp/EOYAmt0413339
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0662764
IRS990/TotalFunctionalExpensesGrp/TotalAmt0662764
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt044628
IRS990/TotalLiabilitiesEOYAmt045545
IRS990/TotalLiabilitiesGrp/BOYAmt044628
IRS990/TotalLiabilitiesGrp/EOYAmt045545
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0270961
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0367794
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0662764
IRS990/TotalProgramServiceRevenueAmt0690137
IRS990/TotalReportableCompFromOrgAmt053204
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0759597
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0759597
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0315589
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0413339
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0270961
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0367794
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07001 DISCOVERY BOULEVARD
IRS990/USAddress/CityNm0DUBLIN
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd043017
IRS990/VotingMembersGoverningBodyCnt036
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ZACHARY DOWNS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06143395100
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-07-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MIDWEST GIFT ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0MIDW
ReturnHeader/Filer/EIN0274058368
ReturnHeader/Filer/PhoneNum06143395100
ReturnHeader/Filer/USAddress/AddressLine1Txt07001 DISCOVERY BOULEVARD
ReturnHeader/Filer/USAddress/CityNm0DUBLIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd043017
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0311282719
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NORMAN JONES ENLOW & CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0226 N FIFTH STREET SUITE 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLUMBUS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd043215
ReturnHeader/PreparerPersonGrp/PhoneNum06142284000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT GRIMES
ReturnHeader/ReturnTs02015-08-12T08:10:56-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31

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