Civic Intelligence

Innovation Ohio Education Fund

990 • Fiscal year 2018 • EIN 27-4562105

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 17, 2019

Organization Profilewww.innovationohioedfund.org
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

97th percentile

2.07x

Higher debt load relative to assets than 97% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

98th percentile

2.37x

Higher debt load relative to revenue than 98% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

46th percentile

1.6%

Higher net margin than 46% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

98th percentile

$95,000

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 35.2% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

75th percentile

25%

Faster asset growth than 75% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

89th percentile

64%

Faster revenue growth than 89% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$309,223

Up $61,480 (+25%) from 2017

Net Assets

Up

-$330,815

Up $4,340 (+1.3%) from 2017

Liabilities

Up

$640,038

Up $57,140 (+9.8%) from 2017

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin46th percentile

Revenue

Up

$269,889

Up $105,805 (+64%) from 2017

Expenses

Up

$265,549

Up $48,287 (+22%) from 2017

Net Income

Up

$4,340

Up $57,518 (+108%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

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

$1.0M$500K$0-$500KAssets 2011: $12,680Liabilities 2011: $109,759Net Assets 2011: -$97,0792011Assets 2012: $185,887Liabilities 2012: $345,020Net Assets 2012: -$159,1332012Assets 2013: $463,743Liabilities 2013: $719,398Net Assets 2013: -$255,6552013Assets 2014: $616,658Liabilities 2014: $892,411Net Assets 2014: -$275,7532014Assets 2015: $626,206Liabilities 2015: $968,711Net Assets 2015: -$342,5052015Assets 2016: $228,981Liabilities 2016: $510,958Net Assets 2016: -$281,9772016Assets 2017: $247,743Liabilities 2017: $582,898Net Assets 2017: -$335,1552017Assets 2018: $309,223Liabilities 2018: $640,038Net Assets 2018: -$330,8152018Assets 2019: $250,137Liabilities 2019: $583,748Net Assets 2019: -$333,6112019Assets 2020: $79,507Liabilities 2020: $413,191Net Assets 2020: -$333,6842020Assets 2021: $79,253Liabilities 2021: $15,895Net Assets 2021: $63,3582021Assets 2022: $217,939Liabilities 2022: $10,036Net Assets 2022: $207,9032022Assets 2024: $441,632Liabilities 2024: $8,748Net Assets 2024: $432,8842024

Highlighted filing

2018

Assets$309,223
Liabilities$640,038
Net Assets-$330,815
Open 2018 Filing

Operations Trend

Revenue Growth89th percentile

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

$1.0M$500K$0-$500KExpenses 2011: $161,4092011Expenses 2012: $149,6062012Revenue 2013: $105,391Expenses 2013: $201,913Net Income 2013: -$96,5222013Revenue 2014: $60,313Expenses 2014: $80,411Net Income 2014: -$20,0982014Revenue 2015: $104,057Expenses 2015: $170,809Net Income 2015: -$66,7522015Revenue 2016: $233,103Expenses 2016: $172,575Net Income 2016: $60,5282016Revenue 2017: $164,084Expenses 2017: $217,262Net Income 2017: -$53,1782017Revenue 2018: $269,889Expenses 2018: $265,549Net Income 2018: $4,3402018Revenue 2019: $586,760Expenses 2019: $589,556Net Income 2019: -$2,7962019Revenue 2020: $671,057Expenses 2020: $671,130Net Income 2020: -$732020Revenue 2021: $908,589Expenses 2021: $511,547Net Income 2021: $397,0422021Revenue 2022: $803,163Expenses 2022: $658,618Net Income 2022: $144,5452022Revenue 2024: $641,556Expenses 2024: $553,183Net Income 2024: $88,3732024

Highlighted filing

2018

Revenue$269,889
Expenses$265,549
Net Income$4,340
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 17, 2019
Return Version
2018v3.1
Gross Receipts
$269,889
Mission and Program Overview

Mission

Public Policy Education

Innovation Ohio Education Fund was organized to operate exclusively for charitable and educational purposes, including, but not limited to, providing the general public with information about public policy choices impacting Ohioans.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$149,410$185,286▲ $35,876
Investments in Publicly Traded Securities$72,586$72,586→ $0
Cash and Non-Interest-Bearing Accounts$7,261$40,831▲ $33,570
Accounts Receivable$7,500--
Prepaid Expenses and Deferred Charges$466--
Rtn Earn Endowment Incm Other Fnds$-335,155$-330,815▲ $4,340
Total Assets$247,743$309,223▲ $61,480
Other Assets Total$10,520$10,520→ $0
Liabilities
Other Liabilities$568,613$623,543▲ $54,930
Accounts Payable and Accrued Expenses$14,285$16,495▲ $2,210
Total Liabilities$582,898$640,038▲ $57,140
Net Assets / Fund Balance
Total Net Assets Fund Balance$-335,155$-330,815▲ $4,340
Total Liabilities and Net Assets / Fund Balance$247,743$309,223▲ $61,480

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$3,000-
Other Assets Org$10,520--
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Janetta KingPresident TreasurerPT$95,000-$95,000
Keary McCarthyCEOPT$60,000$15,934$75,934

Board Members and Trustees

NameTitle
Frances StricklandBoard Member
Jay GoyalBoard Member
Kenneth CaranoBoard Member
Christine EmchFormer Officer
Chase BrownSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$247,089
Program Service Revenue
$20,000
Investment Income
$0
Other Revenue
$2,800
All Other Contributions
$247,089
Change in Net Assets
$4,340
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$136,642
Salaries, Compensation, and Employee Benefits$128,907
Total Fundraising Expense$8,936
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$85,978--$85,978
Fees for Services Other$68,122--$68,122
Office Expenses$23,347$4,505-$27,852
Current Officers, Directors, Trustees, and Key Employees$7,508$7,508$7,508$22,524
Occupancy-$15,475-$15,475
Advertising$15,000--$15,000
Other Employee Benefits$9,301$757$757$10,815
Payroll Taxes$8,248$671$671$9,590
Fees for Services Accounting-$5,321-$5,321
Conferences and Meetings$2,400--$2,400
Travel$1,818--$1,818
Insurance-$431-$431
Interest-$223-$223
Total Functional Expenses$221,722$34,891$8,936$265,549
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payable to Innovation Ohio$623,543
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 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 CEO.”

Other officer or key employee compensation Part VI line 15B

“Compensation for other officers and key employees are determined by the CEO, 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 CEO for Innovation Ohio Education Fund (a 501(c)(3)), and as President and Treasurer of Innovation Ohio (a 501(c)(4)), and Janetta King serves as President and Treasurer of Innovation Ohio Education Fund and CEO of Innovation Ohio. The full amounts of their compensation are being disclosed on the Forms 990 of both of these entities, rather than dividing them 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 Education Fund
EIN
27-4562105
Address
360 South Third Street Third Floor, Columbus, OH 43215

Signing Officer

Name
Janetta King
Title
President Trea
Phone
6142200150
Signed
2019-06-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janetta King
Formed
2011
Legal Domicile
Oh
Voting Board Members
4
Independent Board Members
3
Employees
8
Volunteers
3

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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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0232042
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0104046
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt060313
IRS990ScheduleA/Total509Grp/TotalAmt0775685
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0249889
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0139024
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0233103
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0104046
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt060313
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0786375
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt03000
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt03000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt010520
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deposit with ODJFS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0623543
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payable to Innovation Ohio
IRS990ScheduleD/TotalBookValueOtherAssetsAmt010520
IRS990ScheduleD/TotalLiabilityAmt0623543
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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Christine Emch
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Former Officer
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 CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation for other officers and key employees are determined by the CEO, 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 CEO for Innovation Ohio Education Fund (a 501(c)(3)), and as President and Treasurer of Innovation Ohio (a 501(c)(4)), and Janetta King serves as President and Treasurer of Innovation Ohio Education Fund and CEO of Innovation Ohio. The full amounts of their compensation are being disclosed on the Forms 990 of both of these entities, rather than dividing them 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
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0454330935
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C Corp
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct00.00000
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/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Innovation Ohio
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0274562062
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501c4
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Public Education
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0360 South Third Street Third Floor
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Columbus
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd043215
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IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
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IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0623543
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1185286
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Actual amount
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Actual amount
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Innovation Ohio
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1Battleground Research Inc
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IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0309223
IRS990/TotalAssetsGrp/BOYAmt0247743
IRS990/TotalAssetsGrp/EOYAmt0309223
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0247089
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt08936
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034891
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0221722
IRS990/TotalFunctionalExpensesGrp/TotalAmt0265549
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0582898
IRS990/TotalLiabilitiesEOYAmt0640038
IRS990/TotalLiabilitiesGrp/BOYAmt0582898
IRS990/TotalLiabilitiesGrp/EOYAmt0640038
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-335155
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-330815
IRS990/TotalOtherCompensationAmt015934
IRS990/TotalProgramServiceExpensesAmt0221722
IRS990/TotalProgramServiceRevenueAmt020000
IRS990/TotalReportableCompFromOrgAmt0155000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt022800
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0269889
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0247743

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$309,223
Liabilities
$640,038
Net assets
-$330,815
Revenue
$269,889
Expenses
$265,549
Net income
$4,340
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.42$0.09$4.33$6.42$5.53$0.88
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.18$0.10$2.08$8.03$6.59$1.45
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.16$0.63$9.09$5.12$3.97
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.80$4.13$3.34$6.71$6.71$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.50$5.84$3.34$5.87$5.90$0.03
2018Detailed filing. Detailed filing data is available for this year.$3.09$6.40$3.31$2.70$2.66$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.48$5.83$3.35$1.64$2.17$0.53
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.29$5.11$2.82$2.33$1.73$0.61
2015Detailed filing. Detailed filing data is available for this year.$6.26$9.69$3.43$1.04$1.71$0.67
2014Detailed filing. Detailed filing data is available for this year.$6.17$8.92$2.76$0.60$0.80$0.20
2013Detailed filing. Detailed filing data is available for this year.$4.64$7.19$2.56$1.05$2.02$0.97
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.86$3.45$1.59$1.50
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$1.10$0.97$1.61