Civic Intelligence

Middletown Community Foundation

990 • Fiscal year 2019 • EIN 31-0898380

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 09, 2020

300 North Main StreetMiddletown, OH 45042

(513) 424-7369

Siviq Scores

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

Liabilities / Assets

36th percentile

0.12x

Higher debt load relative to assets than 36% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

77th percentile

0.96x

Higher debt load relative to revenue than 77% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

85th percentile

32%

Higher net margin than 85% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

18th percentile

$135,681

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

87th percentile

24%

Faster asset growth than 87% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

78th percentile

17%

Faster revenue growth than 78% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Up

$37,435,439

Up $7,264,312 (+24%) from 2018

Net Assets

Up

$33,042,527

Up $6,070,361 (+23%) from 2018

Liabilities

Up

$4,392,912

Up $1,193,951 (+37%) from 2018

Revenue

Up

$4,594,123

Up $680,370 (+17%) from 2018

Expenses

Up

$3,142,408

Up $329,842 (+12%) from 2018

Net Income

Up

$1,451,715

Up $350,528 (+32%) from 2018

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

2019

Assets$37,435,439
Liabilities$4,392,912
Net Assets$33,042,527

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

2019

Revenue$4,594,123
Expenses$3,142,408
Net Income$1,451,715
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 9, 2020
Return Version
2019v5.0
Gross Receipts
$4,594,123
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$28,621,411$36,066,888▲ $7,445,477
Investments Other Securities$191,716$569,235▲ $377,519
Cash and Non-Interest-Bearing Accounts$815,040$345,422▼ $469,618
Other Notes and Loans Receivable, Net$150,000$100,000▼ $50,000
Land, Buildings, and Equipment, Net$21,943$18,222▼ $3,721
Total Assets$30,171,127$37,435,439▲ $7,264,312
Other Assets Total$371,017$335,672▼ $35,345
Liabilities
Escrow Account Liability$2,929,555$3,907,976▲ $978,421
Grants Payable$260,975$476,043▲ $215,068
Accounts Payable and Accrued Expenses$8,431$8,893▲ $462
Total Liabilities$3,198,961$4,392,912▲ $1,193,951
Net Assets / Fund Balance
Net Assets With Donor Restrictions$15,650,156$19,436,974▲ $3,786,818
Net Assets Without Donor Restrictions$11,322,010$13,605,553▲ $2,283,543
Total Net Assets Fund Balance$26,972,166$33,042,527▲ $6,070,361
Total Liabilities and Net Assets / Fund Balance$30,171,127$37,435,439▲ $7,264,312

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$18,222$50,221$68,443

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$21,377,231$870,316▲ $4,002,314-$25,441,622
2018$29,111,123$330,360▼ $1,182,105-$21,377,231
2017$25,897,206$2,394,722▲ $3,775,022-$29,111,123
2016$25,610,045$1,946,698▲ $1,451,000-$25,897,206
2015$27,148,478$2,458,961▼ $1,175,035-$25,610,045
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Barnett TraciExecutive DiFT$129,681$6,000$135,681
Mulligan KristenFinance OffiFT$38,962-$38,962

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$3,420,991
Program Service Revenue
$79,340
Investment Income
$1,083,947
Other Revenue
$9,845
All Other Contributions
$3,344,219
Change in Net Assets
$1,451,715

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded18$436,960Fair Market Value (FMV) Date of Gift
Total Noncash Contributions18$436,960-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,594,123
Revenue Not Reported on Form 990
$4,544,763
Total Revenue per Audited Statements
$9,138,886
Total Revenue per Form 990
$4,594,123
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,533,288
Salaries, Compensation, and Employee Benefits$345,807
Other Expenses$263,313
Total Fundraising Expense$116,714
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,761,249--$1,761,249
Grants to Domestic Individuals$772,039--$772,039
Current Officers, Directors, Trustees, and Key Employees$34,928$104,787$34,928$174,643
Other Salaries and Wages$25,556$76,665$25,556$127,777
Fees for Service Investment Mgmnt Fees-$73,883-$73,883
Occupancy$8,996$26,989$8,996$44,981
Office Expenses$4,876$25,624$8,149$38,649
Conferences and Meetings-$8,380$17,438$25,818
Payroll Taxes$4,450$13,348$4,450$22,248
Information Technology-$21,929-$21,929
Advertising-$10,036$10,037$20,073
Other Employee Benefits$2,954$8,863$2,954$14,771
Fees for Services Accounting-$13,272-$13,272
Insurance$1,353$4,059$1,353$6,765
Fees for Services Other$835$4,800$835$6,470
Pension Plan Contributions$1,273$3,821$1,274$6,368
Depreciation Depletion$744$2,233$744$3,721
Fees for Services Legal-$2,575-$2,575
Other Expenses-$53-$53
Total Functional Expenses$2,619,253$406,441$116,714$3,142,408

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,142,408
Expenses per Audited Statements$3,068,525
Total Expenses per Audited Statements$3,068,525
Expenses Not Reported on Financial Statements$73,883
Other Expense Adjustments$73,883
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Middletown Board of EducationMiddletown, OH--$61,933
Middletown Historical SocietyMiddletown, OH--$38,500
Atrium Medical Center FoundationMiddletown, OH--$29,831
United Way of Greater CincinnatiCincinnati, OH--$27,750
Hospice of DaytonDayton, OH--$24,869
Sorg Opera Revitalization GroupCold Spring, KY--$20,250
People Working CooperativelyCincinnati, OH--$20,000
Support to Encourage Low Income FamHamilton, OH--$17,500
Performing Arts AcademyMiddletown, OH--$17,250
Salvation Army-middletownMiddletown, OH--$17,039
Middletown Lyric TheatreMiddletown, OH--$15,547
Middletown Area Chamber FndnMiddletown, OH--$15,000
Young Life (capernaum) - MiddletownColorado Springs, CO--$12,250
Insideout StudioHamilton, OH--$11,183
Franklin Wildcat BandFranklin, OH--$11,091
WhiimsMiddletown, OH--$10,300
3 R DevelopmentMiddletown, OH--$10,000
Girls on the RunCincinnai, OH--$10,000
THE CHILDREN'S MEDICAL CENTER DAYTDayton, OH--$10,000
Middletown Christian SchoolFranklin, OH--$8,400
Middletown Area YmcaMiddletown, OH--$8,239
ST PAUL'S UNITED CHURCH OF CHRISTMiddletown, OH--$7,739
HANNAH'S TREASURE CHESTDayton, OH--$7,000
Many-middletown Area Neediest YouthLebanon, OH--$6,950
Parachute of Butler CountyHamilton, OH--$5,500
Middie Music Boosters IncMiddletown, OH--$5,460
Temple Beth SholomMiddletown, OH--$5,160
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
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
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 executive 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, MIDDLETOWN, OH 45042

Signing Officer

Name
Barnett Traci
Title
Executive Director
Phone
5134247369
Signed
2020-09-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barnett Traci
Formed
1976
Legal Domicile
Oh
Voting Board Members
20
Independent Board Members
20
Employees
5
Volunteers
43

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, the organization utilizes voluteers to select scholarship recipients and for various other activities.

Form 990, Part XI, Line 9

Agency liability reclassification 34,204

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

The foundation reports the assets donated by and held for the benefit of other exempt organizations as a liability on the balance sheet.

Schedule D, Page 2, Part V, Line 4

To fund projects, programs and scholarships that benefit education, the arts and human needs of the community.

Schedule D, Page 3, Part X

The foundation is exempt from federal income taxes under provisions of internal revenue code section 501(c)(3). The internal revenue service has determined that the foundation qualifies for the charitable contribution deduction under section 170(b)(1)(a) and the foundation is not a private foundation within the meaning of section 509(a) of the internal revenue code. The foundation's information returns for the years 2016 through 2019 are subject to examination by the internal revenue service, although that agency has not indicated any intent to do so. The foundation does not have any uncertain tax positions. Msbp is exempt from federal income taxes under section 501(c)(2) of the internal revenue code. Msbp is not a private foundation within the meaning of section 509(a) of the internal revenue code. Msbp's information returns for the years 2016 through 2019 are subject to examination by the internal revenue service, although that agency has not indicated any intent to do so. Msbp does not have any uncertain tax positions.

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

Investment fees -73,883 reclassification of agency liabilities 34,204

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

INVESTMENT FEES 73,883

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IRS990/Form990PartVIISectionAGrp/TitleTxt1FINANCE OFFI
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IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
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IRS990/ProgSrvcAccomActy2Grp/Desc0AWARD SCHOLARSHIPS AND ACADEMIC AWARDS TO HIGH SCHOOL STUDENTS AND ADULTS RETURNING TO COLLEGE. THE ORGANIZATION GRANTED 329 SCHOLARSHIPS.
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt0772039
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IRS990/ProgSrvcAccomActy3Grp/Desc0THE READY CAMPAIGN IS A CULMINATION OF A COMMUNITY-WIDE VISIONING AND STRATEGIC PLANNING PROCESS LED BY THE ORGANIZATION IN EFFORTS TO RESEARCH THE PROBLEMS FACING OUR LOCAL EDUCATION SYSTEM, IDENTIFYING RESEARCH-BASED NATIONAL BEST PRACTICES THAT HAVE WORKED ELSEWHERE, AND DETERMINE WHICH ARE BEST TAILORED FOR OUR LOCAL FAMILIES.
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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