Civic Intelligence

Middletown Community Foundation

990 • Fiscal year 2020 • EIN 31-0898380

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 30, 2021

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

33rd percentile

0.11x

Higher debt load relative to assets than 33% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

84th percentile

1.74x

Higher debt load relative to revenue than 84% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

51st percentile

4.3%

Higher net margin than 51% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

22nd percentile

$147,494

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

52nd percentile

7.6%

Faster asset growth than 52% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

7th percentile

-44%

Faster revenue growth than 7% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

Up

$40,294,981

Up $2,859,542 (+7.6%) from 2019

Net Assets

Up

$35,861,656

Up $2,819,129 (+8.5%) from 2019

Liabilities

Up

$4,433,325

Up $40,413 (+0.9%) from 2019

Revenue

Down

$2,550,993

Down $2,043,130 (-44%) from 2019

Expenses

Down

$2,440,857

Down $701,551 (-22%) from 2019

Net Income

Down

$110,136

Down $1,341,579 (-92%) from 2019

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

2020

Assets$40,294,981
Liabilities$4,433,325
Net Assets$35,861,656

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

2020

Revenue$2,550,993
Expenses$2,440,857
Net Income$110,136
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 30, 2021
Return Version
2020v4.0
Gross Receipts
$2,550,993
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$36,066,888$39,146,944▲ $3,080,056
Cash and Non-Interest-Bearing Accounts$345,422$499,540▲ $154,118
Investments Other Securities$569,235$415,136▼ $154,099
Other Notes and Loans Receivable, Net$100,000$50,000▼ $50,000
Land, Buildings, and Equipment, Net$18,222$14,699▼ $3,523
Total Assets$37,435,439$40,294,981▲ $2,859,542
Other Assets Total$335,672$168,662▼ $167,010
Liabilities
Escrow Account Liability$3,907,976$4,252,586▲ $344,610
Grants Payable$476,043$150,918▼ $325,125
Accounts Payable and Accrued Expenses$8,893$29,821▲ $20,928
Total Liabilities$4,392,912$4,433,325▲ $40,413
Net Assets / Fund Balance
Net Assets With Donor Restrictions$19,436,974$20,850,256▲ $1,413,282
Net Assets Without Donor Restrictions$13,605,553$15,011,400▲ $1,405,847
Total Net Assets Fund Balance$33,042,527$35,861,656▲ $2,819,129
Total Liabilities and Net Assets / Fund Balance$37,435,439$40,294,981▲ $2,859,542

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$14,699$53,744$68,443

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$25,441,622$354,111▲ $3,110,755$420,876$26,979,170
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Barnett TraciExecutive DiFT$137,641$9,853$147,494

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,634,260
Program Service Revenue
$86,659
Investment Income
$760,585
Other Revenue
$69,489
All Other Contributions
$1,608,697
Change in Net Assets
$110,136

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 Traded4$33,987Fair Market Value (FMV) Date of Gift
Total Noncash Contributions4$33,987-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,550,993
Revenue Not Reported on Form 990
$2,632,565
Total Revenue per Audited Statements
$5,183,558
Total Revenue per Form 990
$2,550,993
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,867,416
Salaries, Compensation, and Employee Benefits$333,652
Other Expenses$239,789
Total Fundraising Expense$101,332
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,081,796--$1,081,796
Grants to Domestic Individuals$785,620--$785,620
Other Salaries and Wages$31,340$94,021$31,340$156,701
Current Officers, Directors, Trustees, and Key Employees$29,498$88,496$29,499$147,493
Fees for Service Investment Mgmnt Fees-$76,428-$76,428
Occupancy$9,094$27,282$9,094$45,470
Office Expenses$4,427$21,525$6,309$32,261
Information Technology-$23,103-$23,103
Payroll Taxes$3,995$11,982$3,995$19,972
Advertising-$9,923$9,924$19,847
Fees for Services Accounting-$12,840-$12,840
Other Employee Benefits$1,870$5,606$1,868$9,344
Conferences and Meetings-$2,328$6,570$8,898
Insurance$1,412$4,237$1,412$7,061
Depreciation Depletion$704$2,114$704$3,522
Fees for Services Other$588$2,155$589$3,332
Other Expenses-$962-$962
Pension Plan Contributions$29$85$28$142
Total Functional Expenses$1,950,373$389,152$101,332$2,440,857

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,440,857
Expenses per Audited Statements$2,364,429
Total Expenses per Audited Statements$2,364,429
Expenses Not Reported on Financial Statements$76,428
Other Expense Adjustments$76,428
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Atrium Medical Center FoundationMiddletown, OH--$69,027
Middletown Board of EducationMiddletown, OH--$68,969
Ywca of HamiltonHamilton, OH--$52,000
Salvation Army-middletownMiddletown, OH--$37,584
Mount Pleasant Life Care FundMonroe, OH--$32,761
Community Building InsitituteMiddletown, OH--$31,800
Middletown City SchoolsMiddletown, OH--$30,000
Hospice of DaytonDayton, OH--$26,740
United Way of Greater CincinnatiCincinnati, OH--$25,000
Sorg Opera Revitalization GroupCold Spring, KY--$21,000
Aim Fund for Middletown LyricMiddletown, OH--$19,689
People Working CooperativelyCincinnati, OH--$19,000
Support to Encourage Low Income FamHamilton, OH--$17,500
Middletown Arts CenterMiddletown, OH--$16,887
First Presbyterian ChurchMiddletown, OH--$16,013
Madison Board of EducationMiddletown, OH--$15,000
Safe Haven Farms IncCincinnati, OH--$15,000
Planned Parenthood Sw Ohio RegionCincinnati, OH--$14,000
Ohio State University FoundationColumbus, OH--$13,112
Hands 2 HopeMonroe, OH--$13,000
Big Brothersbig Sisters- Butler CoHamilton, OH--$10,900
2nd Ward Community CouncilMiddletown, OH--$10,500
4c for ChildrenCincinnai, OH--$10,000
Franklin Area Community ServicesFranklin, OH--$10,000
Art Central FoundationMiddletown, OH--$9,750
Hope HouseMiddletown, OH--$8,600
Parachute of Butler CountyHamilton, OH--$8,500
St Vincent DepaulMiddletown, OH--$8,100
Middletown Lyric TheatreMiddletown, OH--$8,047
Franklin Historical SocietyFranklin, OH--$8,000
Junior Achievement - MiddletownMiddletown, OH--$7,954
Middletown Area YmcaMiddletown, OH--$7,734
ST PAUL'S UNITED CHURCH OF CHRISTMiddletown, OH--$7,734
Performing Arts AcademyMiddletown, OH--$7,250
Abilities First FoundationMiddletown, OH--$7,180
Sleep in Heavenly Peace - Butler CoMonroe, OH--$6,290
Crayons to ComputersCincinatti, OH--$6,000
Family Promise of Butler CountyHamilton, OH--$6,000
Middletown Central ClubMiddletown, OH--$6,000
Many-middletown Area Neediest YouthLebanon, OH--$5,750
Great Miami Valley YmcaMiddletown, OH--$5,500
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
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
2021-09-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barnett Traci
Formed
1976
Legal Domicile
Oh
Voting Board Members
19
Independent Board Members
19
Employees
4

Preparer

Firm
Stephenson and Warner Inc Cpas
Address
1502 UNIVERSITY BLVD STE E, HAMILTON, OH 45011-3300
Preparer
Larry F Warner Ii 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 -7,014

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 foundations information returns for the years 2017 through 2020 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. Msbps information returns for the years 2017 through 2020 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 -76,428 reclassification of agency liabilities -7,014

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

INVESTMENT FEES 76,428

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IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
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IRS990/FormationYr01976
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IRS990/ProgSrvcAccomActy2Grp/Desc0AWARD SCHOLARSHIPS AND ACADEMIC AWARDS TO HIGH SCHOOL STUDENTS AND ADULTS RETURNING TO COLLEGE. THE ORGANIZATION GRANTED 336 SCHOLARSHIPS.
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IRS990/RegularMonitoringEnfrcInd0true
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt025659
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 3,485
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01634260
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01553859
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01590278
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02525365
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01676982

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