Civic Intelligence

Middletown Community Foundation

990 • Fiscal year 2015 • EIN 31-0898380

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 14, 2016

300 North Main Street Suite 300Middletown, OH 45042

(513) 424-7369

Siviq Scores

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

Liabilities / Assets

13th percentile

0.02x

Higher debt load relative to assets than 13% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

35th percentile

0.18x

Higher debt load relative to revenue than 35% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Net Margin

15th percentile

-8.0%

Higher net margin than 15% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

13th percentile

$110,989

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Asset Growth

13th percentile

-6.1%

Faster asset growth than 13% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

3rd percentile

-53%

Faster revenue growth than 3% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Assets

Down

$29,497,345

Down $1,921,367 (-6.1%) from 2014

Net Assets

Down

$28,952,337

Down $1,817,080 (-5.9%) from 2014

Liabilities

Down

$545,008

Down $104,287 (-16%) from 2014

Revenue

Down

$2,966,556

Down $3,341,602 (-53%) from 2014

Expenses

Up

$3,202,647

Up $253,984 (+8.6%) from 2014

Net Income

Down

-$236,091

Down $3,595,586 (-107%) from 2014

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $24,699,273Liabilities 2010: $155,892Net Assets 2010: $24,543,3812010Assets 2011: $23,345,511Liabilities 2011: $102,128Net Assets 2011: $23,243,3832011Assets 2012: $24,783,419Liabilities 2012: $220,753Net Assets 2012: $24,562,6662012Assets 2013: $28,930,725Liabilities 2013: $660,038Net Assets 2013: $28,270,6872013Assets 2014: $31,418,712Liabilities 2014: $649,295Net Assets 2014: $30,769,4172014Assets 2015: $29,497,345Liabilities 2015: $545,008Net Assets 2015: $28,952,3372015Assets 2016: $29,639,290Liabilities 2016: $478,522Net Assets 2016: $29,160,7682016Assets 2017: $33,244,091Liabilities 2017: $390,428Net Assets 2017: $32,853,6632017Assets 2018: $30,171,127Liabilities 2018: $3,198,961Net Assets 2018: $26,972,1662018Assets 2019: $37,435,439Liabilities 2019: $4,392,912Net Assets 2019: $33,042,5272019Assets 2020: $40,294,981Liabilities 2020: $4,433,325Net Assets 2020: $35,861,6562020Assets 2021: $46,854,450Liabilities 2021: $6,211,050Net Assets 2021: $40,643,4002021Assets 2022: $38,749,593Liabilities 2022: $5,444,002Net Assets 2022: $33,305,5912022Assets 2023: $40,685,800Liabilities 2023: $6,497,555Net Assets 2023: $34,188,2452023Assets 2024: $44,144,992Liabilities 2024: $7,369,399Net Assets 2024: $36,775,5932024

Highlighted filing

2015

Assets$29,497,345
Liabilities$545,008
Net Assets$28,952,337

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $2,354,5742010Expenses 2011: $2,717,2412011Expenses 2012: $2,774,3362012Revenue 2013: $6,166,587Expenses 2013: $4,411,112Net Income 2013: $1,755,4752013Revenue 2014: $6,308,158Expenses 2014: $2,948,663Net Income 2014: $3,359,4952014Revenue 2015: $2,966,556Expenses 2015: $3,202,647Net Income 2015: -$236,0912015Revenue 2016: $1,479,244Expenses 2016: $3,179,957Net Income 2016: -$1,700,7132016Revenue 2017: $4,038,550Expenses 2017: $3,106,647Net Income 2017: $931,9032017Revenue 2018: $3,913,753Expenses 2018: $2,812,566Net Income 2018: $1,101,1872018Revenue 2019: $4,594,123Expenses 2019: $3,142,408Net Income 2019: $1,451,7152019Revenue 2020: $2,550,993Expenses 2020: $2,440,857Net Income 2020: $110,1362020Revenue 2021: $4,261,790Expenses 2021: $2,878,400Net Income 2021: $1,383,3902021Revenue 2022: $2,185,120Expenses 2022: $2,925,632Net Income 2022: -$740,5122022Revenue 2023: $2,196,744Expenses 2023: $2,690,393Net Income 2023: -$493,6492023Revenue 2024: $8,819,656Expenses 2024: $2,311,170Net Income 2024: $6,508,4862024

Highlighted filing

2015

Revenue$2,966,556
Expenses$3,202,647
Net Income-$236,091
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 14, 2016
Return Version
2015v2.1
Gross Receipts
$3,565,670
Mission and Program Overview

Mission

To secure permanent and growing assets for the area's changing needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$31,165,205$28,912,404▼ $2,252,801
Cash and Non-Interest-Bearing Accounts$220,147$548,505▲ $328,358
Land, Buildings, and Equipment, Net$33,360$36,436▲ $3,076
Total Assets$31,418,712$29,497,345▼ $1,921,367
Liabilities
Grants Payable$640,750$525,000▼ $115,750
Accounts Payable and Accrued Expenses$8,545$20,008▲ $11,463
Total Liabilities$649,295$545,008▼ $104,287
Net Assets / Fund Balance
Temporarily Rstr Net Assets$15,920,065$14,599,031▼ $1,321,034
Unrestricted Net Assets$14,849,352$14,353,306▼ $496,046
Total Net Assets Fund Balance$30,769,417$28,952,337▼ $1,817,080
Total Liabilities and Net Assets / Fund Balance$31,418,712$29,497,345▼ $1,921,367

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$36,436$28,589$65,025

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$27,148,478$2,458,961▼ $1,175,035-$25,610,045
2014$24,915,135$5,858,258▲ $288,918-$27,148,478
2013$22,163,251$4,485,846▲ $3,424,865-$24,915,135
2012$20,892,644$1,834,740▲ $2,189,085-$22,163,251
2011$22,075,949$2,516,126▼ $532,792-$20,892,644
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gordon DuaneExec. DirectFT$100,359$10,630$110,989

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,607,870
Program Service Revenue
$52,100
Investment Income
$275,730
Other Revenue
$30,856
All Other Contributions
$2,520,413
Change in Net Assets
$-236,091

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded5$117,506
Total Noncash Contributions5$117,506

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,880,048
Revenue Not Reported on Financial Statements
$86,508
Revenue Not Reported on Form 990
$-1,419,052
Other Revenue Adjustments
$86,508
Total Revenue per Audited Statements
$1,460,996
Total Revenue per Form 990
$2,966,556
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,343,446
Other Expenses$554,164
Salaries, Compensation, and Employee Benefits$288,037
Total Fundraising Expense$137,222
Professional Fundraising Fees$17,000

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,447,777--$1,447,777
Grants to Domestic Individuals$895,669--$895,669
Other Salaries and Wages$29,273$87,819$29,273$146,365
Current Officers, Directors, Trustees, and Key Employees$22,198$66,593$22,198$110,989
Fees for Service Investment Mgmnt Fees-$99,116-$99,116
Advertising-$35,092$35,092$70,184
Occupancy$8,285$24,854$8,285$41,424
Conferences and Meetings$1,578$25,298$9,299$36,175
Fees for Services Other-$32,494-$32,494
Office Expenses$6,456$19,364$6,456$32,276
Payroll Taxes$3,766$11,300$3,766$18,832
Fees for Services Professional Fundraising--$17,000$17,000
All Other Expenses$1,951$10,814$917$13,682
Fees for Services Accounting-$11,980-$11,980
Other Employee Benefits$2,114$6,342$2,114$10,570
Other Expenses$1,315$3,943$1,315$6,573
Insurance$1,251$3,752$1,251$6,254
Depreciation Depletion-$5,089-$5,089
Pension Plan Contributions$256$769$256$1,281
Total Functional Expenses$2,604,417$461,008$137,222$3,202,647

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,202,647
Expenses per Audited Statements$2,959,917
Total Expenses per Audited Statements$2,959,917
Expenses Not Reported on Financial Statements$242,730
Other Expense Adjustments$242,730
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Miami UniversityOxford, OH--$146,117
Abilities First FoundationMiddletown, OH--$126,120
United Way of Greater CincinnatiCincinnati, OH--$94,523
Middletown Board of EducationMiddletown, OH--$83,200
Malachi Community BldgMiddletown, OH--$70,743
Middletown Arts CenterMiddletown, OH--$58,008
Butler County Educational ServicesHamilton, OH--$40,910
3 R DevelopmentMiddletown, OH--$40,500
Mount Pleasant Retirement VillageMonroe, OH--$40,294
Community Pregnancy CenterMiddletown, OH--$35,149
Junior Achievement - MiddletownMiddletown, OH--$31,567
Cincinnati State FoundationCincinnati, OH--$30,637
Hospice of DaytonDayton, OH--$27,160
Atrium Medical Center FoundationMiddletown, OH--$27,121
Berachah Baptist ChurchMiddletown, OH--$25,000
First Presbyterian ChurchMiddletown, OH--$24,929
Middletown Lyric TheatreMiddletown, OH--$23,423
Middletown Area YmcaMiddletown, OH--$19,847
Big Brothersbig Sisters- Butler CoHamilton, OH--$19,208
Great Miami Valley YmcaMiddletown, OH--$17,000
Sorg Opera Revitalization GroupCold Spring, KY--$17,000
Ohio State UniversityColumbus, OH--$16,448
First United Methodist ChurchMiddletown, OH--$15,750
Middletown Area Chamber FndnMiddletown, OH--$15,500
CHILDREN'S MEDICAL CENTERDayton, OH--$15,000
Ohio ChallengeMiddletown, OH--$15,000
Salvation Army-middletownMiddletown, OH--$14,777
SelfHamilton, OH--$13,250
Middletown Performing Arts AcademyMiddletown, OH--$11,882
Art Central FoundationMiddletown, OH--$10,500
Shriners HospitalRanson, WV--$10,250
City of Franklin Division of FireFranklin, OH--$10,000
Franklin Area Community ServicesFranklin, OH--$10,000
Ohio Cancer Research AssociatesColumbus, OH--$10,000
ST PAUL'S UNITED CHURCH OF CHRISTMiddletown, OH--$9,177
Middletown SymphonyMiddletown, OH--$8,515
Mid-miami Valley Young LifeMiddletown, OH--$8,000
Ronald Mcdonald HouseCincinnati, OH--$7,600
PawsMiddletown, OH--$7,389
Madison Board of EducationMiddletown, OH--$7,000
St Vincent DepaulMiddletown, OH--$6,093
Monroe United Methodist ChurchMonroe, OH--$6,038
Monroe Board of EducationMonroe, OH--$5,400
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$17,000
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
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 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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The trustees of the organization must also be members of the organization. All members must have paid membership dues for the current calendar year in order to elect the board of trustees at their annual meeting.

Form 990, Page 6, Part VI, Line 7A

Members hold an annual meeting at which they elect trustees to fill terms starting in the new year.

Form 990, Page 6, Part VI, Line 11B

The form 990 is submitted to the whole board for review prior to filing.

Form 990, Page 6, Part VI, Line 12C

Annual disclosure form must be submitted. Each new situation is evaluated in light of the policy.

Form 990, Page 6, Part VI, Line 15A

The compensation committee reviews the compensation annually. The committee uses comparability data to set the director's compensation package.

Form 990, Page 6, Part VI, Line 19

The governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Middletown Community Foundation
EIN
31-0898380
Phone
5134247369
Address
300 NORTH MAIN STREET SUITE 300, MIDDLETOWN, OH 45042

Signing Officer

Name
Gordon Duane
Title
Exec. Director
Phone
5134247369
Signed
2016-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gordon Duane
Formed
1976
Legal Domicile
Oh
Voting Board Members
20
Independent Board Members
20
Employees
5
Volunteers
250

Preparer

Firm
Stephenson and Warner Inc Cpas
Address
1502 UNIVERSITY BLVD STE E, HAMILTON, OH 45011-3300
Preparer
Larry F Warner CPA
Phone
5138688600
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

All board and various committee members are volunteers. Also, organization utilizes about 70 individuals to select scholarship recipients.

Form 990, Part XI, Line 9

Agency account change 162,879 agency account change -318,159 total -155,280

Financial Statement Notes

Schedule D, Page 3, Part X

The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statement of activities. As of december 31, 2015 and 2014 the organization had no uncertain positions that qualify for recognition or disclosure in the financial statements.

Schedule D, Page 4, Part XI, Line 2D

Increase in csv of life insurance 6,657

Schedule D, Page 4, Part XI, Line 4B

Agengy accounts-contributions 61,452 agency accounts-interest and dividends 89,108 agency accounts-realized gain/loss -64,052

Schedule D, Page 4, Part XII, Line 4B

Agency acct investment expenses 9,762 agency acct grants paid 200,474 agency accounts admin fees 32,494

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IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE PRES/PR
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IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20EXEC. DIRECT
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IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
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IRS990/OtherExpensesGrp/Desc2EQUIPMENT & SOFTWARE
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IRS990/ReportOtherLiabilitiesInd0false
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IRS990/RevenueAmt052100
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0CASH 1,036,200
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SUPPORTING SCHEDULE
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01639760
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$44.1$7.37$36.8$8.82$2.31$6.51
2023Detailed filing. Detailed filing data is available for this year.$40.7$6.50$34.2$2.20$2.69$0.49
2022Detailed filing. Detailed filing data is available for this year.$38.7$5.44$33.3$2.19$2.93$0.74
2021Detailed filing. Detailed filing data is available for this year.$46.9$6.21$40.6$4.26$2.88$1.38
2020Detailed filing. Detailed filing data is available for this year.$40.3$4.43$35.9$2.55$2.44$0.11
2019Detailed filing. Detailed filing data is available for this year.$37.4$4.39$33.0$4.59$3.14$1.45
2018Detailed filing. Detailed filing data is available for this year.$30.2$3.20$27.0$3.91$2.81$1.10
2017Detailed filing. Detailed filing data is available for this year.$33.2$0.39$32.9$4.04$3.11$0.93
2016Detailed filing. Detailed filing data is available for this year.$29.6$0.48$29.2$1.48$3.18$1.70
2015Detailed filing. Detailed filing data is available for this year.$29.5$0.55$29.0$2.97$3.20$0.24
2014Detailed filing. Detailed filing data is available for this year.$31.4$0.65$30.8$6.31$2.95$3.36
2013Detailed filing. Detailed filing data is available for this year.$28.9$0.66$28.3$6.17$4.41$1.76
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.8$0.22$24.6$2.77
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.3$0.10$23.2$2.72
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.7$0.16$24.5$2.35