Civic Intelligence

Innovation Ohio

990 • Fiscal year 2019 • EIN 27-4562062

Jan 01, 2019 to Dec 31, 2019 • Filed on May 08, 2020

360 South Third Street Third FloorColumbus, OH 43215

(614) 220-0150

Siviq Scores

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

Liabilities / Assets

38th percentile

0.00x

Higher debt load relative to assets than 38% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

37th percentile

0.00x

Higher debt load relative to revenue than 37% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Net Margin

81st percentile

32%

Higher net margin than 81% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

90th percentile

$95,000

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 16.3% of source-year revenue.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Asset Growth

88th percentile

27%

Faster asset growth than 88% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

94th percentile

108%

Faster revenue growth than 94% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$833,867

Up $177,500 (+27%) from 2018

Net Assets

Up

$832,537

Up $185,119 (+29%) from 2018

Liabilities

Down

$1,330

Down $7,619 (-85%) from 2018

Revenue

Up

$581,800

Up $301,694 (+108%) from 2018

Expenses

Up

$396,681

Up $85,607 (+28%) from 2018

Net Income

Up

$185,119

Up $216,087 (+698%) from 2018

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 2012: $345,109Liabilities 2012: $162,518Net Assets 2012: $182,5912012Assets 2014: $890,526Liabilities 2014: $516,108Net Assets 2014: $374,4182014Assets 2015: $955,885Liabilities 2015: $524,695Net Assets 2015: $431,1902015Assets 2016: $552,520Liabilities 2016: $4,039Net Assets 2016: $548,4812016Assets 2017: $681,289Liabilities 2017: $2,903Net Assets 2017: $678,3862017Assets 2018: $656,367Liabilities 2018: $8,949Net Assets 2018: $647,4182018Assets 2019: $833,867Liabilities 2019: $1,330Net Assets 2019: $832,5372019Assets 2020: $541,897Liabilities 2020: $1,707Net Assets 2020: $540,1902020Assets 2021: $364,694Liabilities 2021: $3,056Net Assets 2021: $361,6382021Assets 2022: $339,956Liabilities 2022: $3,847Net Assets 2022: $336,1092022Assets 2024: $1,230,824Liabilities 2024: $112,961Net Assets 2024: $1,117,8632024

Highlighted filing

2019

Assets$833,867
Liabilities$1,330
Net Assets$832,537

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2012: $356,9742012Revenue 2014: $226,591Expenses 2014: $181,447Net Income 2014: $45,1442014Revenue 2015: $262,370Expenses 2015: $205,598Net Income 2015: $56,7722015Revenue 2016: $362,812Expenses 2016: $245,521Net Income 2016: $117,2912016Revenue 2017: $401,465Expenses 2017: $271,560Net Income 2017: $129,9052017Revenue 2018: $280,106Expenses 2018: $311,074Net Income 2018: -$30,9682018Revenue 2019: $581,800Expenses 2019: $396,681Net Income 2019: $185,1192019Revenue 2020: $208,069Expenses 2020: $500,416Net Income 2020: -$292,3472020Revenue 2021: $449,143Expenses 2021: $627,695Net Income 2021: -$178,5522021Revenue 2022: $777,902Expenses 2022: $803,431Net Income 2022: -$25,5292022Revenue 2024: $1,666,673Expenses 2024: $1,188,793Net Income 2024: $477,8802024

Highlighted filing

2019

Revenue$581,800
Expenses$396,681
Net Income$185,119
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 8, 2020
Return Version
2019v5.1
Gross Receipts
$581,800
Mission and Program Overview

Mission

Innovation Ohio is a catalyst for progressive policy and grassroots activity that improves the lives of Ohios working families.

Innovation Ohio was organized to educate Ohioans on public policy at all levels of government and to compile and publish education materials discussing relevant issues and to draw on that information to develop and advocate specific policies that embody progressive values.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$647,418$832,537▲ $185,119
Cash and Non-Interest-Bearing Accounts$31,429$261,345▲ $229,916
Land, Buildings, and Equipment, Net$1,295$1,129▼ $166
Investments Other Securities$100$100→ $0
Total Assets$656,367$833,867▲ $177,500
Other Assets Total$623,543$571,293▼ $52,250
Liabilities
Accounts Payable and Accrued Expenses$8,949$1,330▼ $7,619
Total Liabilities$8,949$1,330▼ $7,619
Net Assets / Fund Balance
Total Net Assets Fund Balance$647,418$832,537▲ $185,119
Total Liabilities and Net Assets / Fund Balance$656,367$833,867▲ $177,500

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,129$1,927-
Other Assets Org$1,978--
Other Securities$100--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Janetta KingCEOPT$95,000-$95,000
Keary McCarthyPresident and TreasurerPT$60,800$21,057$81,857
Colleen CraigSecretaryPT$49,100$6,114$55,214

Board Members and Trustees

NameTitle
Alan BannisterBoard Member
Brewster RhoadsBoard Member
Elisabeth HireBoard Member
Matthew HershaBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$578,600
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$3,200
All Other Contributions
$578,600
Change in Net Assets
$185,119
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$208,101
Other Expenses$161,880
Grants and Similar Amounts Paid$26,700
Total Fundraising Expense$23,534
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$115,824--$115,824
Fees for Services Other$101,306--$101,306
Current Officers, Directors, Trustees, and Key Employees$22,105$22,105$22,103$66,313
Grants to Domestic Orgs$26,700--$26,700
Office Expenses$10,294$7,604-$17,898
Occupancy-$14,467-$14,467
Other Employee Benefits-$14,173-$14,173
Advertising$13,578--$13,578
Payroll Taxes$8,929$1,431$1,431$11,791
Fees for Services Accounting-$7,842-$7,842
Travel$2,476--$2,476
Conferences and Meetings$2,329--$2,329
Fees for Services Legal-$1,275-$1,275
Interest-$297-$297
All Other Expenses-$200-$200
Depreciation Depletion-$166-$166
Insurance-$46-$46
Total Functional Expenses$303,541$69,606$23,534$396,681
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Progress Ohio Education FundColumbus, OH501c3Workers Rights$19,000
Progress OhioColumbus, OH501c4Workers Rights$7,500
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
Yes
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 governing body review Part VI line 11

The form 990 was reviewed by certain members of the governing body prior to being filed.

Conflict of interest policy compliance Part VI line 12C

All officers, directors and key employees sign a notice and acknowledgement of conflict of interest policy.

CEO executive director top management comp Part VI line 15A

The Executive Committee of the Board of Directors regularly reviews and fixes the compensation of the President.

Other officer or key employee compensation Part VI line 15B

Compensation for other officers and employees are determined by the President, subject to the review of the Board of Directors.

Governing documents etc available to public Part VI line 19

The governing documents are maintained at the place of business and are available upon request.

Compensation reported on A part-year basis from related organization Part VII Col D E F

PART VII, SECTION A, LINE 3 - Keary McCarthy serves as President and Treasurer for Innovation Ohio (a 501(c)(4)) and is the CEO of Innovation Ohio Education Fund (a 501(c)(3)), and Janetta King serves as CEO of Innovation Ohio and President and Treasurer of Innovation Ohio Education Fund. The full amounts of their compensation are being disclosed on the Forms 990 of both entities, rather than dividing the compensation between the two. Each organization, however, pays its allocable share of Mr. McCarthys and Ms. Kings compensation, based on hours worked for each organization.

Filing and Contact Details

Filer

Filer Name
Innovation Ohio
EIN
27-4562062
Address
360 South Third Street Third Floor, Columbus, OH 43215

Signing Officer

Name
Janetta King
Title
CEO
Phone
6142200150
Signed
2020-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keary McCarthy
Formed
2011
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
2

Preparer

Firm
Saloom Consulting Ltd
Address
PO Box 2040, Westerville, OH 43086
Preparer
Joe Saloom
Phone
6143420272
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Other fees consists of payments made to contractors for services related to the tax-exempt purpose of the organization.

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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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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Workers Rights
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Progress Ohio Education Fund
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Progress Ohio
IRS990ScheduleI/RecipientTable/RecipientEIN0205463029
IRS990ScheduleI/RecipientTable/RecipientEIN1205462965
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0360 South Third Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1360 South Third Street
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Columbus
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Columbus
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1OH
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd043215
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd143215
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0Cash
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1Cash
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The organization maintains close communication with grantees and monitors their use of funds in order to ensure they are used for their intended purpose.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Monitoring procedures (Part I, line 2)
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The form 990 was reviewed by certain members of the governing body prior to being filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All officers, directors and key employees sign a notice and acknowledgement of conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Executive Committee of the Board of Directors regularly reviews and fixes the compensation of the President.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation for other officers and employees are determined by the President, subject to the review of the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The governing documents are maintained at the place of business and are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PART VII, SECTION A, LINE 3 - Keary McCarthy serves as President and Treasurer for Innovation Ohio (a 501(c)(4)) and is the CEO of Innovation Ohio Education Fund (a 501(c)(3)), and Janetta King serves as CEO of Innovation Ohio and President and Treasurer of Innovation Ohio Education Fund. The full amounts of their compensation are being disclosed on the Forms 990 of both entities, rather than dividing the compensation between the two. Each organization, however, pays its allocable share of Mr. McCarthys and Ms. Kings compensation, based on hours worked for each organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Other fees consists of payments made to contractors for services related to the tax-exempt purpose of the organization.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Compensation reported on a part-year basis from related organization Part VII Col D E F
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other fees for services expenses Part IX line 11g
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0Innovation Ohio
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0454330935
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C Corp
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Research
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0Battleground Research Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt035 East Gay St Suite 250
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0Columbus
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd043215
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Innovation Ohio Education Fund
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0274562105
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501c3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Public Education
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt09
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0360 South Third Street Third Floor
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Columbus
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd043215
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0true
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0true
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0569315
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0actual amount
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Innovation Ohio Education Fund
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0d
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0656367
IRS990/TotalAssetsEOYAmt0833867
IRS990/TotalAssetsGrp/BOYAmt0656367
IRS990/TotalAssetsGrp/EOYAmt0833867
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0578600
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt023534
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt069606
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0303541
IRS990/TotalFunctionalExpensesGrp/TotalAmt0396681
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08949
IRS990/TotalLiabilitiesEOYAmt01330
IRS990/TotalLiabilitiesGrp/BOYAmt08949
IRS990/TotalLiabilitiesGrp/EOYAmt01330
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0647418
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0832537
IRS990/TotalOtherCompensationAmt027171
IRS990/TotalProgramServiceExpensesAmt0303541
IRS990/TotalReportableCompFromOrgAmt0204900
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03200
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0581800
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0656367
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0833867
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0true
IRS990/TravelGrp/ProgramServicesAmt02476
IRS990/TravelGrp/TotalAmt02476
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.innovationohio.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-11-19 02:30:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Janetta King
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06142200150
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Innovation Ohio
ReturnHeader/Filer/BusinessNameControlTxt0INNO

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