Civic Intelligence

Mayfield Education and Research Fund

990 • Fiscal year 2018 • EIN 31-0921099

Oct 01, 2017 to Sep 30, 2018 • Filed on Aug 14, 2019

3825 Edwards Rd Ste 300Cincinnati, OH 45209-1149

(513) 221-1100

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

81st percentile

26%

Higher net margin than 81% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

66th percentile

6.6%

Faster asset growth than 66% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

27th percentile

-5.9%

Faster revenue growth than 27% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$4,232,364

Up $260,522 (+6.6%) from 2017

Net Assets

Up

$4,232,364

Up $260,522 (+6.6%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Down

$1,019,224

Down $64,195 (-5.9%) from 2017

Expenses

Down

$758,702

Down $183,247 (-19%) from 2017

Net Income

Up

$260,522

Up $119,052 (+84%) from 2017

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2017: $3,971,842Liabilities 2017: $0Net Assets 2017: $3,971,8422017Assets 2018: $4,232,364Liabilities 2018: $0Net Assets 2018: $4,232,3642018Assets 2019: $4,371,201Liabilities 2019: $0Net Assets 2019: $4,371,2012019Assets 2020: $4,134,918Liabilities 2020: $0Net Assets 2020: $4,134,9182020Assets 2021: $4,816,635Liabilities 2021: $0Net Assets 2021: $4,816,6352021Assets 2022: $5,683,899Liabilities 2022: $0Net Assets 2022: $5,683,8992022Assets 2023: $6,428,572Liabilities 2023: $0Net Assets 2023: $6,428,5722023Assets 2024: $9,319,272Liabilities 2024: $0Net Assets 2024: $9,319,2722024

Highlighted filing

2018

Assets$4,232,364
Liabilities$0
Net Assets$4,232,364

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $1,083,419Expenses 2017: $941,949Net Income 2017: $141,4702017Revenue 2018: $1,019,224Expenses 2018: $758,702Net Income 2018: $260,5222018Revenue 2019: $1,051,549Expenses 2019: $912,712Net Income 2019: $138,8372019Revenue 2020: $767,170Expenses 2020: $1,003,453Net Income 2020: -$236,2832020Revenue 2021: $1,122,381Expenses 2021: $440,664Net Income 2021: $681,7172021Revenue 2022: $3,358,575Expenses 2022: $1,201,850Net Income 2022: $2,156,7252022Revenue 2023: $913,355Expenses 2023: $990,433Net Income 2023: -$77,0782023Revenue 2024: $2,045,989Expenses 2024: $1,010,844Net Income 2024: $1,035,1452024

Highlighted filing

2018

Revenue$1,019,224
Expenses$758,702
Net Income$260,522
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Aug 14, 2019
Return Version
2017v2.3
Gross Receipts
$1,700,863
Mission and Program Overview

Mission

Neuroscience research & education

RESEARCH & EDUCATION

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$3,971,842$4,232,364▲ $260,522
Investments in Publicly Traded Securities$3,257,007$3,310,382▲ $53,375
Land, Buildings, and Equipment, Net$640,011$540,097▼ $99,914
Cash and Non-Interest-Bearing Accounts$74,824$381,885▲ $307,061
Total Assets$3,971,842$4,232,364▲ $260,522
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,971,842$4,232,364▲ $260,522
Total Liabilities and Net Assets / Fund Balance$3,971,842$4,232,364▲ $260,522

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$540,097$426,311$966,408
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$508,220
Program Service Revenue
$142,034
Investment Income
$231,583
Other Revenue
$137,387
All Other Contributions
$508,220
Change in Net Assets
$260,522
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$591,884
Grants and Similar Amounts Paid$166,818
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$166,818--$166,818
Depreciation Depletion$105,406--$105,406
All Other Expenses$35,109$200-$35,309
Other Expenses$32,882--$32,882
Office Expenses$22,865--$22,865
Fees for Services Legal-$5,090-$5,090
Fees for Services Accounting-$4,150-$4,150
Conferences and Meetings$3,993--$3,993
Total Functional Expenses$749,262$9,440$0$758,702
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Indiana University-iupuiIndianapolis, IN-Funding Support$59,318
Ohio State UniversityColumbus, OH-Funding Support$51,000
Wright State UniversityDayton, OH-Funding Support$48,500
Trihealth Thinkfirst PreventionCincinnati, OH-Funding Support$8,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$117,316
Fundraising Direct Expenses$34,929
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Art & Science E$117,316$117,316$13,629$103,687
Total Events$117,316$117,316$34,929$82,387
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
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
No
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 2

William d. Tobler, m.d. Michael j. Radomski president treasurer officers of a related entity william d. Tobler, m.d. Andrew j. Ringer, m.d. President trustee officers of a related entity william d tobler, m.d. Arthur g. Arand, m.d. President trustee officers of a related entity william d tobler, m.d. George mandybur, m.d. President trustee officers of a related entity michael j. Radomski andrew j. Ringer, m.d. Treasurer trustee officers of a related entity michael j. Radomski arthur g. Arand, m.d. Treasurer trustee officers of a related entity michael j radomski george mandybur, m.d. Treasurer trustee officers of a related entity arthur g. Arand, m.d. George mandybur, m.d. Trustee trustee officers of a related entity arthur g. Arand, m.d. Andrew j. Ringer, m.d. Trustee trustee officers of a related entity andrew j. Ringer, m.d. George mandybur, m.d. Trustee trustee officers of a related entity

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

Mayfield clinic appoints a minimum of 4 members

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

No review was or will be conducted.

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

The conflict of interest policy is carried out by each director-trustee signing a conflicts of interest disclosure form each year which is deposited with the secretary and legal counsel for the foundation. The policies are filed in the official corporate minute books.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Mayfield Education & Research
EIN
31-0921099
Address
3825 EDWARDS RD STE 300, CINCINNATI, OH 45209-1149

Signing Officer

Name
Michael J Radomski
Title
Treasurer
Signed
2019-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William D Tobler Md
Formed
1977
Legal Domicile
Oh
Voting Board Members
11
Independent Board Members
6
Employees
0

Preparer

Firm
Scrogginsgrear Inc
Address
200 NORTHLAND BLVD, CINCINNATI, OH 45246
Preparer
Jeffrey L Niesen
Phone
5137717070
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 2

Neurosciences foundation (nsf)contributed its fund balance in 2018 and mayfield education and research foundation (merf) assumed nsf operations. These consist mainly of an education course. The first scheduled course date within merf is february 2019.

Form 990, Page 2, Part III, Line 4D

Grants - these were provided for neuroscience research & education. See schedule i.

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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/RecipientBusinessName/BusinessNameLine1Txt1OHIO STATE UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2WRIGHT STATE UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3TRIHEALTH THINKFIRST PREVENTION
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11960 KENNY ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt23640 COLONEL GLENN HWY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt310500 MONTGOMERY ROAD
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0NEUROSCIENCES FOUNDATION
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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0MAYFIELD EDUCATION & RESEARCH FOUNDATION RECEIVED CONTRIBUTION OF 275,083 FUND BALANCE FROM NEUROSCIENCES FOUNDATION- WILLIAM TOBLER, MD / ANDREW RINGER, MD TRUSTEES MAYFIELD EDUCATION & RESEARCH FOUNDATION REIMBURSED MAYFIELD CLINIC FOR DIRECT SERVICES OF 251,801. MAYFIELD CLINIC OFFICERS - WILLIAM TOBLER,MD, ANDREW RINGER, MD, ARTHUR ARAND, MD, GEORGE MANDYBUR, MD MAYFIELD EDUCATION & RESEARCH FOUNDATION ALSO PURCHASED SERVICES FROM MAYFIELD CLINIC- 32,882 MAYFIELD EDUCATION & RESEARCH FOUNDATION REIMBURSED MAYFIELD CLINIC FOR MISCELLANEOUS EXPENSES INCURRED- 9,316 MAYFIELD EDUCATION & RESEARCH FOUNDATION LEASED SPACE FROM MAYFIELD CORNERSTONE, LLC- 49,668 - WILLIAM TOBLER,MD, ANDREW RINGER,MD, ARTHUR ARAND,MD, GEORGE MANDYBUR,MD, RONALD WARNICK,MD (MAYFIELD CORNERSTONE, LLC MANAGERS/MEMBERS) MAYFIELD EDUCATION & RESEARCH FOUNDATION REIMBURSED TENANT IMPROVEMENT ALLOWANCE- 1,675 - WILLIAM TOBLER,MD, ANDREW RINGER,MD, ARTHUR ARAND,MD, GEORGE MANDYBUR,MD, RONALD WARNICK (MAYFIELD CORNERSTONE, LLC MANAGERS/MEMBERS) MAYFIELD EDUCATION & RESEARCH FOUNDATION RECEIVED CONTRIBUTIONS FROM MAYFIELD CLINIC OF 220,000
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NEUROSCIENCES FOUNDATION (NSF)CONTRIBUTED ITS FUND BALANCE IN 2018 AND MAYFIELD EDUCATION AND RESEARCH FOUNDATION (MERF) ASSUMED NSF OPERATIONS. THESE CONSIST MAINLY OF AN EDUCATION COURSE. THE FIRST SCHEDULED COURSE DATE WITHIN MERF IS FEBRUARY 2019.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GRANTS - THESE WERE PROVIDED FOR NEUROSCIENCE RESEARCH & EDUCATION. SEE SCHEDULE I.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WILLIAM D. TOBLER, M.D. MICHAEL J. RADOMSKI PRESIDENT TREASURER OFFICERS OF A RELATED ENTITY WILLIAM D. TOBLER, M.D. ANDREW J. RINGER, M.D. PRESIDENT TRUSTEE OFFICERS OF A RELATED ENTITY WILLIAM D TOBLER, M.D. ARTHUR G. ARAND, M.D. PRESIDENT TRUSTEE OFFICERS OF A RELATED ENTITY WILLIAM D TOBLER, M.D. GEORGE MANDYBUR, M.D. PRESIDENT TRUSTEE OFFICERS OF A RELATED ENTITY MICHAEL J. RADOMSKI ANDREW J. RINGER, M.D. TREASURER TRUSTEE OFFICERS OF A RELATED ENTITY MICHAEL J. RADOMSKI ARTHUR G. ARAND, M.D. TREASURER TRUSTEE OFFICERS OF A RELATED ENTITY MICHAEL J RADOMSKI GEORGE MANDYBUR, M.D. TREASURER TRUSTEE OFFICERS OF A RELATED ENTITY ARTHUR G. ARAND, M.D. GEORGE MANDYBUR, M.D. TRUSTEE TRUSTEE OFFICERS OF A RELATED ENTITY ARTHUR G. ARAND, M.D. ANDREW J. RINGER, M.D. TRUSTEE TRUSTEE OFFICERS OF A RELATED ENTITY ANDREW J. RINGER, M.D. GEORGE MANDYBUR, M.D. TRUSTEE TRUSTEE OFFICERS OF A RELATED ENTITY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MAYFIELD CLINIC APPOINTS A MINIMUM OF 4 MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CONFLICT OF INTEREST POLICY IS CARRIED OUT BY EACH DIRECTOR-TRUSTEE SIGNING A CONFLICTS OF INTEREST DISCLOSURE FORM EACH YEAR WHICH IS DEPOSITED WITH THE SECRETARY AND LEGAL COUNSEL FOR THE FOUNDATION. THE POLICIES ARE FILED IN THE OFFICIAL CORPORATE MINUTE BOOKS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO DOCUMENTS AVAILABLE TO THE PUBLIC
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL J RADOMSKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-08-14

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