Civic Intelligence

Franklin County Residential Services Inc

990 • Fiscal year 2020 • EIN 31-1033368

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 11, 2021

445 E Dublin-Granville Rd Bldg GWorthington, OH 43085-3192

(614) 844-3800

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.15x

Higher debt load relative to assets than 42% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

86th percentile

1.83x

Higher debt load relative to revenue than 86% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

42nd percentile

1.8%

Higher net margin than 42% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

77th percentile

$284,851

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 21.3% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

66th percentile

14%

Faster asset growth than 66% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

87th percentile

44%

Faster revenue growth than 87% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$16,607,760

Up $1,999,626 (+14%) from 2019

Net Assets

Up

$14,158,078

Up $606,108 (+4.5%) from 2019

Liabilities

Up

$2,449,682

Up $1,393,518 (+132%) from 2019

Revenue

Up

$1,339,724

Up $406,841 (+44%) from 2019

Expenses

Up

$1,315,419

Up $162,583 (+14%) from 2019

Net Income

Up

$24,305

Up $244,258 (+111%) from 2019

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $14,885,056Liabilities 2010: $4,109,504Net Assets 2010: $10,775,5522010Assets 2011: $16,077,405Liabilities 2011: $4,467,205Net Assets 2011: $11,610,2002011Assets 2012: $16,006,206Liabilities 2012: $4,333,464Net Assets 2012: $11,672,7422012Assets 2013: $15,358,388Liabilities 2013: $3,546,079Net Assets 2013: $11,812,3092013Assets 2014: $15,722,600Liabilities 2014: $3,754,599Net Assets 2014: $11,968,0012014Assets 2015: $15,950,913Liabilities 2015: $3,346,815Net Assets 2015: $12,604,0982015Assets 2016: $17,056,423Liabilities 2016: $3,563,107Net Assets 2016: $13,493,3162016Assets 2018: $14,583,647Liabilities 2018: $1,670,075Net Assets 2018: $12,913,5722018Assets 2019: $14,608,134Liabilities 2019: $1,056,164Net Assets 2019: $13,551,9702019Assets 2020: $16,607,760Liabilities 2020: $2,449,682Net Assets 2020: $14,158,0782020Assets 2021: $17,697,436Liabilities 2021: $2,742,274Net Assets 2021: $14,955,1622021Assets 2022: $17,986,595Liabilities 2022: $4,301,815Net Assets 2022: $13,684,7802022Assets 2023: $17,533,761Liabilities 2023: $3,922,946Net Assets 2023: $13,610,8152023Assets 2024: $25,056,364Liabilities 2024: $10,017,780Net Assets 2024: $15,038,5842024

Highlighted filing

2020

Assets$16,607,760
Liabilities$2,449,682
Net Assets$14,158,078

Operations Trend

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

$40M$30M$20M$10M$0-$10MExpenses 2010: $32,761,1542010Expenses 2011: $33,278,4302011Expenses 2012: $34,316,0212012Revenue 2013: $20,499,552Expenses 2013: $20,717,650Net Income 2013: -$218,0982013Revenue 2014: $19,991,231Expenses 2014: $20,086,572Net Income 2014: -$95,3412014Revenue 2015: $20,275,586Expenses 2015: $19,380,272Net Income 2015: $895,3142015Revenue 2016: $21,760,169Expenses 2016: $20,812,180Net Income 2016: $947,9892016Revenue 2018: $6,392,265Expenses 2018: $6,780,203Net Income 2018: -$387,9382018Revenue 2019: $932,883Expenses 2019: $1,152,836Net Income 2019: -$219,9532019Revenue 2020: $1,339,724Expenses 2020: $1,315,419Net Income 2020: $24,3052020Revenue 2021: $2,170,494Expenses 2021: $1,952,004Net Income 2021: $218,4902021Revenue 2022: $3,621,839Expenses 2022: $3,177,793Net Income 2022: $444,0462022Revenue 2023: $1,795,024Expenses 2023: $2,519,609Net Income 2023: -$724,5852023Revenue 2024: $4,333,181Expenses 2024: $3,045,110Net Income 2024: $1,288,0712024

Highlighted filing

2020

Revenue$1,339,724
Expenses$1,315,419
Net Income$24,305
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 11, 2021
Return Version
2020v4.1
Gross Receipts
$1,809,374
Mission and Program Overview

Mission

Building a world that realizes the boundless potential of all people.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,814,758$7,940,373▲ $2,125,615
Investments in Publicly Traded Securities$6,150,454$6,912,355▲ $761,901
Cash and Non-Interest-Bearing Accounts$1,344,362$282,097▼ $1,062,265
Savings and Temporary Cash Investments$76,033$76,239▲ $206
Accounts Receivable$5,067$33,219▲ $28,152
Prepaid Expenses and Deferred Charges$4,872$8,819▲ $3,947
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$14,608,134$16,607,760▲ $1,999,626
Other Assets Total$1,212,588$1,354,658▲ $142,070
Liabilities
Mortgage Notes Payable Secured by Investment Property$732,951$2,345,866▲ $1,612,915
Accounts Payable and Accrued Expenses$323,213$103,816▼ $219,397
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,056,164$2,449,682▲ $1,393,518
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,551,970$14,158,078▲ $606,108
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$13,551,970$14,158,078▲ $606,108
Total Liabilities and Net Assets / Fund Balance$14,608,134$16,607,760▲ $1,999,626

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,761,158$8,799,009$13,560,167
Equipment$1,259,184$1,302,087$2,561,270
Other Land Buildings$295,112$2,036,426$2,331,538
Land$1,624,919-$1,624,919
Other Assets Org$1,306,695--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$264,416-▲ $14,128$277,562-
2016$261,162-▲ $24,225$20,000$264,416
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Jodi BoppVP,advancement & CommunicationFT$138,865$138,865

Board Members and Trustees

NameTitle
Stewart KemperChairman
Patrick MaynardPresident & CEO
Bill ForquerVice Chairman
Chris WolfExecutive Vice President
Ayesha RinehartTrustee
Helen MaloneTrustee
Jameson LettTrustee
Kelly PerlmanTrustee
Marc TasseTrustee
Mary Lynn HohmanTrustee
Nicole Papa OdegaardTrustee
Paul AndersonTrustee
Ronald CalhounTrustee
Sarah UnderhillTrustee
Sue RalphTrustee
Tiffany ThompsonTrustee
Mary Ann KraussSecretary
Doug BatesTreasurer
Lori SontagVP, Business Development
David Scott BlaugrundVP, General Council
Graciela ChanfrauVP, People & Culture
Jennifer RihaVP, Perf. Improv, & Services

Highest Paid Contractors

ContractorServicesLocationCompensation
Creative Kitchen CompanyConstruction/renovat7455 DARON CT SUITE 100, Plain City, OH 43064$141,373
Norris General ContractingGeneral ConstructionPO BOX 533, Delaware, OH 43015$131,803
Parallel TechnologiesNetworking/consultin4868 BLAZER PKWY, Dublin, OH 43017$103,860
Revenue and Support

Revenue Composition

Contributions and Grants
$79,041
Program Service Revenue
$988,685
Investment Income
$266,350
Other Revenue
$5,648
All Other Contributions
$79,041
Change in Net Assets
$24,305

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,298,954
Revenue Not Reported on Financial Statements
$40,770
Revenue Not Reported on Form 990
$581,803
Total Revenue per Audited Statements
$1,880,757
Total Revenue per Form 990
$1,339,724
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,121,685
Salaries, Compensation, and Employee Benefits$193,734
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$285,753$455,350-$741,103
Other Salaries and Wages-$153,694-$153,694
Fees for Services Other-$68,972-$68,972
Fees for Services Legal-$65,471-$65,471
Occupancy-$42,638-$42,638
Fees for Service Investment Mgmnt Fees-$40,770-$40,770
Interest-$37,213-$37,213
Other Employee Benefits-$27,298-$27,298
Fees for Services Management-$24,213-$24,213
Advertising-$15,782-$15,782
Payroll Taxes-$12,742-$12,742
Information Technology-$8,909-$8,909
Office Expenses-$7,604-$7,604
Other Expenses-$4,184-$4,184
Insurance-$4,049-$4,049
Total Functional Expenses$285,753$1,029,666$0$1,315,419

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,315,419
Expenses per Audited Statements$1,274,649
Total Expenses per Audited Statements$1,274,649
Expenses Not Reported on Financial Statements$40,770
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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, PART VI, SECTION B, LINE 11:

The form 990 is reviewed and approved by the organization's executive director and board prior to filing.

FORM 990, PART VI, SECTION C, LINE 18:

The organization's forms 1023 and 990 are available upon request. Further, the organization provided a public inspection copy of the form 990 to another's website, www.guidestar.org.

FORM 990, PART VI, SECTION C, LINE 19:

The aforementioned forms can be viewed upon request.

FORM 990, PART VI, SECTION B, LINE 12C:

Board members are required to sign a disclosure each year.

Form 990, Part VI, Section B, Line 15A

Hr leadership(vp and director) work together to review salary figures and make recommendations to the executive team and board. In this process, we rely on existing salary surveys from both guidestar(national non-profit) and opra(ohio providers of similar idd services). We also perform our own research by reviewimg the public 990 forms of peer non-profit organizations throughout the country as well as input from professional vendors(payscale, salary.com, glassdoor). The process is documented from hr leadership to the decision makers and discussed as necessary. All salaries are paid out of i am boundless, inc., a related entity, and this organization reimburses i am boundless, inc. For all payroll and related costs for employees providing services to this organization.

Filing and Contact Details

Filer

Filer Name
The Boundless Foundation Inc
EIN
31-1033368
In Care Of
% ARDENA UNDERWOOD
Phone
6148443800
Address
445 E Dublin-Granville Rd Bldg G, WORTHINGTON, OH 43085-3192

Signing Officer

Name
Patrick Maynard PhD
Title
CFO
Phone
6148443800
Signed
2021-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick Maynard PhD
Formed
1980
Legal Domicile
Oh
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
16

Preparer

Firm
Hw&co
Address
23240 Chagrin Blvd Suite 700, Cleveland, OH 44122-5450
Preparer
David M Reape CPA
Phone
2168311200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 7

Salaries and wages paid out of the common paymaster: i am boundless, inc. Ein: 90-0817260

Form 990, Part XI, Line 9

Change in beneficial interest in assets held by others: $112,091

Financial Statement Notes

PART XI, LINE 2D

Change in beneficial interest in assets held by others: $112,091

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
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IRS990/Form990PartVIISectionAGrp/PersonNm1PATRICK MAYNARD
IRS990/Form990PartVIISectionAGrp/PersonNm2CHRIS WOLF
IRS990/Form990PartVIISectionAGrp/PersonNm3LORI SONTAG
IRS990/Form990PartVIISectionAGrp/PersonNm4GRACIELA CHANFRAU
IRS990/Form990PartVIISectionAGrp/PersonNm5JENNIFER RIHA
IRS990/Form990PartVIISectionAGrp/PersonNm6JODI BOPP
IRS990/Form990PartVIISectionAGrp/PersonNm7DOUG BATES
IRS990/Form990PartVIISectionAGrp/PersonNm8BILL FORQUER
IRS990/Form990PartVIISectionAGrp/PersonNm9STEWART KEMPER
IRS990/Form990PartVIISectionAGrp/PersonNm10SARAH UNDERHILL
IRS990/Form990PartVIISectionAGrp/PersonNm11RONALD CALHOUN
IRS990/Form990PartVIISectionAGrp/PersonNm12MARY ANN KRAUSS
IRS990/Form990PartVIISectionAGrp/PersonNm13HELEN MALONE
IRS990/Form990PartVIISectionAGrp/PersonNm14NICOLE PAPA ODEGAARD
IRS990/Form990PartVIISectionAGrp/PersonNm15MARY LYNN HOHMAN
IRS990/Form990PartVIISectionAGrp/PersonNm16MARC TASSE
IRS990/Form990PartVIISectionAGrp/PersonNm17TIFFANY THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm18JAMESON LETT
IRS990/Form990PartVIISectionAGrp/PersonNm19KELLY PERLMAN
IRS990/Form990PartVIISectionAGrp/PersonNm20PAUL ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm21SUE RALPH
IRS990/Form990PartVIISectionAGrp/PersonNm22AYESHA RINEHART
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/TitleTxt0VP, GENERAL COUNCIL
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt2EXECUTIVE VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3VP, BUSINESS DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4VP, PEOPLE & CULTURE
IRS990/Form990PartVIISectionAGrp/TitleTxt5VP, PERF. IMPROV, & SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt6VP,ADVANCEMENT & COMMUNICATION
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
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IRS990/FormationYr01980
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IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/OtherAmt062
IRS990/GainOrLossGrp/SecuritiesAmt0128340
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IRS990/GamingDirectExpensesAmt00
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IRS990/GrantsPayableGrp/BOYAmt00
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/IncludeFIN48FootnoteInd0false
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IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
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IRS990/InsuranceGrp/TotalAmt04049
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IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
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IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0BUILDING A WORLD THAT REALIZES THE BOUNDLESS POTENTIAL OF ALL PEOPLE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt014158078
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07604
IRS990/OfficeExpensesGrp/TotalAmt07604
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.1$10.0$15.0$4.33$3.05$1.29
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.5$3.92$13.6$1.80$2.52$0.72
2022Detailed filing. Detailed filing data is available for this year.$18.0$4.30$13.7$3.62$3.18$0.44
2021Detailed filing. Detailed filing data is available for this year.$17.7$2.74$15.0$2.17$1.95$0.22
2020Detailed filing. Detailed filing data is available for this year.$16.6$2.45$14.2$1.34$1.32$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.6$1.06$13.6$0.93$1.15$0.22
2018Detailed filing. Detailed filing data is available for this year.$14.6$1.67$12.9$6.39$6.78$0.39
2016Detailed filing. Detailed filing data is available for this year.$17.1$3.56$13.5$21.8$20.8$0.95
2015Detailed filing. Detailed filing data is available for this year.$16.0$3.35$12.6$20.3$19.4$0.90
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.7$3.75$12.0$20.0$20.1$0.10
2013Detailed filing. Detailed filing data is available for this year.$15.4$3.55$11.8$20.5$20.7$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.0$4.33$11.7$34.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.1$4.47$11.6$33.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.9$4.11$10.8$32.8