Civic Intelligence

The Thurber House Incorporated

990 • Fiscal year 2021 • EIN 31-1136182

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 18, 2022

77 Jefferson AvenueColumbus, OH 43215

(614) 464-1032

Siviq Scores

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

Liabilities / Assets

74th percentile

0.20x

Higher debt load relative to assets than 74% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

79th percentile

0.29x

Higher debt load relative to revenue than 79% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

69th percentile

26%

Higher net margin than 69% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

77th percentile

35%

Faster asset growth than 77% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

40th percentile

3.9%

Faster revenue growth than 40% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$872,914

Up $224,664 (+35%) from 2020

Net Assets

Up

$694,327

Up $160,307 (+30%) from 2020

Liabilities

Up

$178,587

Up $64,357 (+56%) from 2020

Revenue

Up

$609,459

Up $23,009 (+3.9%) from 2020

Expenses

Down

$449,152

Down $125,488 (-22%) from 2020

Net Income

Up

$160,307

Up $148,497 (+1257%) from 2020

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2020: $648,250Liabilities 2020: $114,230Net Assets 2020: $534,0202020Assets 2021: $872,914Liabilities 2021: $178,587Net Assets 2021: $694,3272021Assets 2022: $836,925Liabilities 2022: $64,715Net Assets 2022: $772,2102022Assets 2023: $608,631Liabilities 2023: $103,941Net Assets 2023: $504,6902023Assets 2024: $526,860Liabilities 2024: $118,643Net Assets 2024: $408,2172024Assets 2025: $613,711Liabilities 2025: $106,937Net Assets 2025: $506,7742025

Highlighted filing

2021

Assets$872,914
Liabilities$178,587
Net Assets$694,327

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2020: $586,450Expenses 2020: $574,640Net Income 2020: $11,8102020Revenue 2021: $609,459Expenses 2021: $449,152Net Income 2021: $160,3072021Revenue 2022: $711,315Expenses 2022: $633,432Net Income 2022: $77,8832022Revenue 2023: $531,507Expenses 2023: $799,027Net Income 2023: -$267,5202023Revenue 2024: $754,379Expenses 2024: $859,995Net Income 2024: -$105,6162024Revenue 2025: $788,056Expenses 2025: $697,947Net Income 2025: $90,1092025

Highlighted filing

2021

Revenue$609,459
Expenses$449,152
Net Income$160,307
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 18, 2022
Return Version
2020v4.0
Gross Receipts
$613,019
Mission and Program Overview

Mission

It is to celebrate the written word for the education and entertainment of the broadest possible audience and to continue thurber's legacy of humor.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$353,987$567,110▲ $213,123
Land, Buildings, and Equipment, Net$69,455$66,837▼ $2,618
Pledges and Grants Receivable$39,859$44,118▲ $4,259
Prepaid Expenses and Deferred Charges$20,635$14,055▼ $6,580
Inventories for Sale or Use$5,576$4,789▼ $787
Total Assets$648,250$872,914▲ $224,664
Other Assets Total$158,738$176,005▲ $17,267
Liabilities
Unsecured Notes Loans Payable$69,200$138,445▲ $69,245
Deferred Revenue$30,616$30,378▼ $238
Accounts Payable and Accrued Expenses$14,414$9,764▼ $4,650
Total Liabilities$114,230$178,587▲ $64,357
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$298,298$426,062▲ $127,764
Net Assets With Donor Restrictions$235,722$268,265▲ $32,543
Total Net Assets Fund Balance$534,020$694,327▲ $160,307
Total Liabilities and Net Assets / Fund Balance$648,250$872,914▲ $224,664

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$52,399$120,319$172,718
Equipment$11,747$26,974$38,721
Other Land Buildings$2,691$6,180$8,871
Other Assets Org$176,005--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$496,249
Program Service Revenue
$85,390
Investment Income
$17,373
Other Revenue
$10,447
All Other Contributions
$294,208
Change in Net Assets
$160,307

Audited Revenue Reconciliation

Revenue per Audited Statements
$609,459
Revenue Not Reported on Form 990
$3,560
Total Revenue per Audited Statements
$613,019
Total Revenue per Form 990
$609,459
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$312,164
Other Expenses$136,988
Total Fundraising Expense$69,370
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$134,474$119,894$57,796$312,164
Occupancy$300$51,881-$52,181
Office Expenses$3,421$9,349$824$13,594
Insurance-$9,449-$9,449
Depreciation Depletion-$9,157-$9,157
Fees for Services Accounting-$6,281-$6,281
Other Expenses$3,609$3,123$2,817$3,609
All Other Expenses$12$221$854$1,087
Conferences and Meetings-$44$103$147
Advertising$1,461-$-4,000$-2,539
Total Functional Expenses$158,847$220,935$69,370$449,152

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$452,712
Expenses per Audited Statements$449,152
Total Expenses per Form 990$449,152
Expenses Not Reported on Form 990$3,560
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
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
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 11B

The executive and finance committees of the board of trustees receive a draft copy of the form 990 to review and approve. The form 990 is distributed to the full board of trustees after it is approved by the executive and finance committees.

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

Board of trustees are responsible for voicing any matters that may have a conflict of interest.

Form 990, Page 6, Part VI, Line 19

The thurber house files are readily available for any public request.

Filing and Contact Details

Filer

Filer Name
The Thurber House
EIN
31-1136182
Phone
6144641032
Address
77 JEFFERSON AVENUE, COLUMBUS, OH 43215

Signing Officer

Name
Laurie Lathan
Title
Executive Director
Phone
6144641032
Signed
2022-01-18

Organization Details

Principal Officer
Laurie Lathan
Formed
1984
Legal Domicile
Oh
Voting Board Members
15
Independent Board Members
15
Employees
6

Preparer

Firm
Wells CPA LLC
Address
6500 BUSCH BLVD STE 120, COLUMBUS, OH 43229
Preparer
Donald Wells
Phone
6143968974
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Cost of goods sold 3,560 cost of goods sold -3,560

Financial Statement Notes

Schedule D, Page 3, Part X

Thurber house is exempt from federal income taxes under section 501 (c)(3) of the internal revenue code. Thurber house follows fasb guidance on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the organization, and various positions related to the potential sources of unrelated business taxable income (ubit). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. At june 30, 2021, there were no material unrecognized tax benefits identified or recorded as liabilities. Thurber house files form 990 in the u.s. Federal jurisdiction and the state of ohio. Thurber house's federal exempt organization tax returns are subject to examination by the internal revenue service, generally for three years after they are filed.

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

COST OF GOODS SOLD 3,560

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

COST OF GOODS SOLD 3,560

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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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