Civic Intelligence

Dayton Foundation Charitable Accounts Inc

990 • Fiscal year 2017 • EIN 31-1330325

Jul 01, 2016 to Jun 30, 2017 • Filed on May 07, 2018

40 North Main Street No 500Dayton, OH 45423

(937) 222-0410

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

8th percentile

0.00x

Higher debt load relative to revenue than 8% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

11th percentile

-21%

Higher net margin than 11% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

94th percentile

$468,402

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 87.2% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

54th percentile

5.3%

Faster asset growth than 54% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

73rd percentile

19%

Faster revenue growth than 73% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$7,024,989

Up $353,768 (+5.3%) from 2016

Net Assets

Up

$7,023,789

Up $355,893 (+5.3%) from 2016

Liabilities

Down

$1,200

Down $2,125 (-64%) from 2016

Revenue

Up

$537,006

Up $84,541 (+19%) from 2016

Expenses

Up

$648,873

Up $77,960 (+14%) from 2016

Net Income

Up

-$111,867

Up $6,581 (+5.6%) from 2016

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $4,338,187Liabilities 2010: $1,600Net Assets 2010: $4,336,5872010Assets 2011: $4,896,227Liabilities 2011: $6,656Net Assets 2011: $4,889,5712011Assets 2012: $4,675,613Liabilities 2012: $12,500Net Assets 2012: $4,663,1132012Assets 2013: $5,065,698Liabilities 2013: $4,600Net Assets 2013: $5,061,0982013Assets 2014: $7,193,367Liabilities 2014: $0Net Assets 2014: $7,193,3672014Assets 2016: $6,671,221Liabilities 2016: $3,325Net Assets 2016: $6,667,8962016Assets 2017: $7,024,989Liabilities 2017: $1,200Net Assets 2017: $7,023,7892017Assets 2018: $7,200,624Liabilities 2018: $7,200,624Net Assets 2018: $02018Assets 2020: $6,637,042Liabilities 2020: $6,637,042Net Assets 2020: $02020Assets 2021: $7,712,537Liabilities 2021: $7,712,537Net Assets 2021: $02021Assets 2022: $6,007,611Liabilities 2022: $6,007,611Net Assets 2022: $02022

Highlighted filing

2017

Assets$7,024,989
Liabilities$1,200
Net Assets$7,023,789

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $359,2952010Expenses 2011: $399,7142011Expenses 2012: $322,1532012Expenses 2013: $256,1532013Revenue 2014: $2,115,853Expenses 2014: $367,079Net Income 2014: $1,748,7742014Revenue 2016: $452,465Expenses 2016: $570,913Net Income 2016: -$118,4482016Revenue 2017: $537,006Expenses 2017: $648,873Net Income 2017: -$111,8672017Revenue 2018: $731,934Expenses 2018: $645,254Net Income 2018: $86,6802018Revenue 2020: $638,189Expenses 2020: $651,238Net Income 2020: -$13,0492020Revenue 2021: $622,807Expenses 2021: $960,026Net Income 2021: -$337,2192021Revenue 2022: $519,263Expenses 2022: $800,178Net Income 2022: -$280,9152022

Highlighted filing

2017

Revenue$537,006
Expenses$648,873
Net Income-$111,867
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 7, 2018
Return Version
2016v3.0
Gross Receipts
$537,006
Mission and Program Overview

Mission

Dayton foundation charitable accounts, inc. Is a section 509(a)(3) supporting organization to the dayton foundation, inc., a section 501(c)(3) publicly supported community foundation. The dayton foundation is the sole member of the dayton foundation charitable accounts, inc. The dayton foundation formed dayton foundation charitable accounts, inc. As a donor-designated endowment fund to conduct activities to raise money and gifts of property from interested individuals, corporations, business organizations, groups and associations, and distribute such funds exclusively for charitable purposes within the meaning of section 501(c)(3) of the internal revenue code of 1986, as amended, and in a manner supportive of the charitable purposes of the dayton foundation.

See schedule o for organization mission statementdayton foundation charitable accounts, inc. Is a section 509(a)(3) supporting organization to the dayton foundation, inc., a section 501(c)(3) publicly supported community foundation. The dayton foundation is the sole member of the dayton foundation charitable accounts, inc. The dayton foundation formed dayton foundation charitable accounts, inc. As a donor-designated endowment fund to conduct activities to raise money and gifts of property from interested individuals, corporations, business organizations, groups and associations, and distribute such funds exclusively for charitable purposes within the meaning of section 501(c)(3) of the internal revenue code of 1986, as amended, and in a manner supportive of the charitable purposes of the dayton foundation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,437,735$6,822,049▲ $384,314
Cash and Non-Interest-Bearing Accounts$232,739$202,116▼ $30,623
Accounts Receivable$747$824▲ $77
Total Assets$6,671,221$7,024,989▲ $353,768
Liabilities
Accounts Payable and Accrued Expenses$1,825$0▼ $1,825
Grants Payable$1,500$1,200▼ $300
Total Liabilities$3,325$1,200▼ $2,125
Net Assets / Fund Balance
Unrestricted Net Assets$6,667,896$7,023,789▲ $355,893
Total Net Assets Fund Balance$6,667,896$7,023,789▲ $355,893
Total Liabilities and Net Assets / Fund Balance$6,671,221$7,024,989▲ $353,768

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$6,667,896$164,442▲ $789,958-$7,023,789
2015$7,057,592$128,794▲ $2,596-$6,667,896
2014$7,193,367$133,502▲ $116,215-$7,057,592
2013$5,061,098$1,556,627▲ $898,353-$7,193,367
2012$4,663,113$74,073▲ $542,740-$5,061,098
Compensation and Service Providers

Employees

NameTitleOtherTotal
Deborah L DulaneyAdministration Director$135,245$135,245
Stephen D DarnellV.p. Finance$128,346$128,346
Diane K TimmonsV.p. Grants & Programs$123,305$123,305
Michelle LovelyV.p. Development$61,090$61,090
S Tracie BoshearsAssistant Treasurer$60,143$60,143

Board Members and Trustees

NameTitle
Craig J BrownChair, Governing Board
Michael M ParksPresident/secretary
Anita J MooreGoverning Board Member
Colleen M RyanGoverning Board Member
David T MillerGoverning Board Member
Dr Ratna PalakodetiGoverning Board Member
George E ForestGoverning Board Member
J Norman EcksteinGoverning Board Member
James R PancoastGoverning Board Member
Lisa E HanauerGoverning Board Member
Marva CosbyGoverning Board Member
Maureen a LynchGoverning Board Member
Richard J OmlorGoverning Board Member
Thomas J BeckerGoverning Board Member
William L GillispieGoverning Board Member
Joseph B BaldasareChief Development Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$164,442
Program Service Revenue
$0
Investment Income
$370,319
Other Revenue
$2,245
All Other Contributions
$144,442
Change in Net Assets
$-111,867

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded4$126,392Fair Market Value (FMV) on Date of Gift
Total Noncash Contributions4$126,392-

Audited Revenue Reconciliation

Revenue per Audited Statements
$537,006
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$467,760
Total Revenue per Audited Statements
$1,004,766
Total Revenue per Form 990
$537,006
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$531,695
Other Expenses$117,178
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$531,695--$531,695
Fees for Service Investment Mgmnt Fees-$50,366-$50,366
Payments to Affiliates$5,850--$5,850
Fees for Services Other-$1,968-$1,968
Other Expenses-$402-$402
Total Functional Expenses$537,545$111,328$0$648,873

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$648,873
Total Expenses per Audited Statements$648,873
Total Expenses per Form 990$648,873
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Nationwide Childrens Hospital FoundationColumbus, OH501(c)(3)Scholarship Program for the Heart Center$139,000
Ymca of Greater DaytonDayton, OH501(c)(3)Various Projects$133,500
Kettering Medical Center FoundationKettering, OH501(c)(3)Various Projects$25,500
Dayton Leadership AcademiesDayton, OH501(c)(3)Tutoring Dyslexic Children$25,000
Ashland UniversityAshland, OH501(c)(3)Kem Hall Endowment$10,000
Catholic Community Foundation for the Archdiocese of Cincinnati IncCincinnati, OH501(c)(3)General Support$10,000
Kettering Holiday at Home FoundationDayton, OH501(c)(3)Holiday at Home Activities$10,000
The Salvation ArmyDayton, OH501(c)(3)Various Projects$8,414
The Dayton FoundationDayton, OH501(c)(3)Various Projects$7,850
Dayton Performing Arts AllianceDayton, OH501(c)(3)Various Projects$7,768
American Red Cross Dayton Area ChapterDayton, OH501(c)(3)General Support$6,200
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 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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 will be e-mailed to the officers of the governing body for their review.

Form 990, Part VI, Section B, Line 12C

All board and committee members are asked to disclose any conflicts of interest on an annual basis.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Dayton Foundation Charitable
EIN
31-1330325
Phone
9372220410
Address
40 NORTH MAIN STREET NO 500, DAYTON, OH 45423

Signing Officer

Name
Michael M Parks
Title
President
Phone
9372220410
Signed
2018-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael M Parks
Formed
1991
Legal Domicile
Oh
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
0

Preparer

Firm
Flagel Huber Flagel
Address
3400 SOUTH DIXIE DRIVE, DAYTON, OH 45439
Preparer
Charles Craft
Phone
9372993400
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The processes for overseeing the audit and selection of an independent accountant have not changed since the prior year.

Form 990, Part IX, Line 24A, Other Expenses

Administrative fees paid to the dayton foundation. Operating expenses are paid by the dayton foundation, inc. Funds in the dayton foundation charitable accounts, inc. Are assessed fees that are transferred to the dayton foundation, inc. To offset the costs incurred to operate dayton foundation charitable accounts, inc.

Form 990, Part IX, Line 24B, Other Expenses

Liquidation fees paid on gifts of securities and credit card fees.

Statement Regarding Operating Expenses

The dayton foundation, as it is known publicly, is composed of a number of legal entities. The total assets of all these entities comprise the organtization that the public knows as "the dayton foundation." the primary related entities are: dayton foundation depository ein 31-1044298, dayton foundation charitable accounts, inc. Ein 31-1330325, and dayton foundation plus, inc., ein 54-2101090. The operating expenses for these four primary entities reside with the dayton foundation, ein 31-6027287. Even though they are used to service all of these entites. In total, twelve legal entities comprise the dayton foundation.

Financial Statement Notes

PART V, LINE 4:

The intended use of the endowment funds is to initiate, promote, organize, sponsor, contribute to and generally further charitable, educational, civic, religious and community activities, undertakings and institutions.

PART X, LINE 2:

The foundation determines the recognition of uncertain tax positions, if applicable, that may subject the organization to unrelated business income tax by applying a more-likely-than-not recognition threshold and determines the measurement of uncertain tax positions considering the amounts and probabilities of the outcomes that could be realized upon ultimate settlement with tax authorities. Based on its review, management does not believe the foundation has taken any material uncertain tax positions, including any position that would place the foundation's exempt status in jeopardy as of june 30, 2017. The foundation's form 990, return of organizations exempt from income tax, for the years ended june 30, 2014 through 2016 could be subject to examination by the internal revenue service, generally for three years after they are filed. However, there are no audits or examinations in progress.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR, GOVERNING BOARD
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IRS990/Form990PartVIISectionAGrp/TitleTxt3GOVERNING BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4GOVERNING BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5GOVERNING BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6GOVERNING BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7GOVERNING BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt13GOVERNING BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14PRESIDENT/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt15V.P. FINANCE
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IRS990/MissionDesc0DAYTON FOUNDATION CHARITABLE ACCOUNTS, INC. IS A SECTION 509(A)(3) SUPPORTING ORGANIZATION TO THE DAYTON FOUNDATION, INC., A SECTION 501(C)(3) PUBLICLY SUPPORTED COMMUNITY FOUNDATION. THE DAYTON FOUNDATION IS THE SOLE MEMBER OF THE DAYTON FOUNDATION CHARITABLE ACCOUNTS, INC. THE DAYTON FOUNDATION FORMED DAYTON FOUNDATION CHARITABLE ACCOUNTS, INC. AS A DONOR-DESIGNATED ENDOWMENT FUND TO CONDUCT ACTIVITIES TO RAISE MONEY AND GIFTS OF PROPERTY FROM INTERESTED INDIVIDUALS, CORPORATIONS, BUSINESS ORGANIZATIONS, GROUPS AND ASSOCIATIONS, AND DISTRIBUTE SUCH FUNDS EXCLUSIVELY FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, AND IN A MANNER SUPPORTIVE OF THE CHARITABLE PURPOSES OF THE DAYTON FOUNDATION.
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