Civic Intelligence

Cincinnati Parks Foundation

990 • Fiscal year 2014 • EIN 31-1429016

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 16, 2015

Refreshing map…

421 Oak StreetCincinnati, OH 45219

(513) 357-2619

Siviq Scores

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

Liabilities / Assets

26th percentile

0.06x

Higher debt load relative to assets than 26% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

49th percentile

0.23x

Higher debt load relative to revenue than 49% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

1st percentile

-202%

Higher net margin than 1% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

39th percentile

$142,275

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

2nd percentile

-33%

Faster asset growth than 2% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

2nd percentile

-66%

Faster revenue growth than 2% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Assets

Down

$22,245,874

Down $537,483 (-2.4%) from 2012

Net Assets

Down

$20,975,082

Down $1,768,285 (-7.8%) from 2012

Liabilities

Up

$1,270,792

Up $1,230,802 (+3078%) from 2012

Revenue

$5,434,285

No earlier filing loaded for comparison.

Expenses

Up

$16,404,364

Up $8,157,170 (+99%) from 2012

Net Income

-$10,970,079

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $11,022,776Liabilities 2010: $0Net Assets 2010: $11,022,7762010Assets 2011: $27,681,999Liabilities 2011: $520,671Net Assets 2011: $27,161,3282011Assets 2012: $22,783,357Liabilities 2012: $39,990Net Assets 2012: $22,743,3672012Assets 2014: $22,245,874Liabilities 2014: $1,270,792Net Assets 2014: $20,975,0822014Assets 2015: $11,985,808Liabilities 2015: $74,420Net Assets 2015: $11,911,3882015Assets 2016: $11,827,125Liabilities 2016: $35,472Net Assets 2016: $11,791,6532016Assets 2018: $11,937,893Liabilities 2018: $122,400Net Assets 2018: $11,815,4932018Assets 2019: $15,305,437Liabilities 2019: $137,825Net Assets 2019: $15,167,6122019Assets 2020: $15,966,635Liabilities 2020: $119,405Net Assets 2020: $15,847,2302020Assets 2021: $20,775,378Liabilities 2021: $24,455Net Assets 2021: $20,750,9232021Assets 2022: $19,135,085Liabilities 2022: $15,620Net Assets 2022: $19,119,4652022Assets 2024: $22,347,196Liabilities 2024: $54,221Net Assets 2024: $22,292,9752024

Highlighted filing

2014

Assets$22,245,874
Liabilities$1,270,792
Net Assets$20,975,082

Operations Trend

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

$20M$10M$0-$10M-$20MExpenses 2010: $953,4712010Expenses 2011: $2,750,2592011Expenses 2012: $8,247,1942012Revenue 2014: $5,434,285Expenses 2014: $16,404,364Net Income 2014: -$10,970,0792014Revenue 2015: $2,251,832Expenses 2015: $11,000,674Net Income 2015: -$8,748,8422015Revenue 2016: $873,501Expenses 2016: $1,059,563Net Income 2016: -$186,0622016Revenue 2018: $2,678,228Expenses 2018: $2,892,786Net Income 2018: -$214,5582018Revenue 2019: $3,423,850Expenses 2019: $1,631,216Net Income 2019: $1,792,6342019Revenue 2020: $2,017,470Expenses 2020: $2,190,481Net Income 2020: -$173,0112020Revenue 2021: $5,802,905Expenses 2021: $2,212,407Net Income 2021: $3,590,4982021Revenue 2022: $4,413,824Expenses 2022: $3,632,303Net Income 2022: $781,5212022Revenue 2024: $3,161,098Expenses 2024: $2,553,687Net Income 2024: $607,4112024

Highlighted filing

2014

Revenue$5,434,285
Expenses$16,404,364
Net Income-$10,970,079
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$23,233,831
Mission and Program Overview

Mission

To build broad based private/public partnerships supporting the conservation and enhancement of our City's parks and greenspaces.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$17,946,068$13,332,239▼ $4,613,829
Pledges and Grants Receivable$8,316,038$6,220,414▼ $2,095,624
Cash and Non-Interest-Bearing Accounts$2,025,294$1,932,591▼ $92,703
Savings and Temporary Cash Investments$4,878,655$760,630▼ $4,118,025
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$33,166,055$22,245,874▼ $10,920,181
Liabilities
Accounts Payable and Accrued Expenses$703,650$1,270,792▲ $567,142
Total Liabilities$703,650$1,270,792▲ $567,142
Net Assets / Fund Balance
Temporarily Rstr Net Assets$26,252,992$15,639,101▼ $10,613,891
Permanently Rstr Net Assets$3,000,000$3,000,000→ $0
Unrestricted Net Assets$3,209,413$2,335,981▼ $873,432
Total Net Assets Fund Balance$32,462,405$20,975,082▼ $11,487,323
Total Liabilities and Net Assets / Fund Balance$33,166,055$22,245,874▼ $10,920,181

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$5,633,104$200,000--$5,833,104
2013$117,650$5,080,853▲ $434,601-$5,633,104
2012$117,650---$117,650
2011-$117,650--$117,650
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Susan L DorwardExecutive DirectorFT$142,275$142,275

Highest Paid Contractors

ContractorServicesLocationCompensation
Universal Contracting CorporationContractor- SRP5151 Fishwick Dr, Cincinnati, OH 45216$12,902,269
Sasaki AssociatesDesign- SRP64 Pleasant St, St Watertown, MA 02472$1,825,101
KZF DesignDesign- SRP700 Broadway St, Cincinnati, OH 45202$664,611
Prus Construction CoContractor- SRP5325 Wooster Rd, Cincinnati, OH 45226$487,650
Carousel WorksContractor- Carousel1285 Pollock Pkwy, Mansfield, OH 44905$337,320
Revenue and Support

Revenue Composition

Contributions and Grants
$4,264,216
Program Service Revenue
$0
Investment Income
$1,192,231
Other Revenue
$-22,162
All Other Contributions
$3,912,321
Change in Net Assets
$-10,970,079

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 Traded12$154,206Fair Market Value (FMV)
Total Noncash Contributions12$154,206-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,434,285
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-154,647
Total Revenue per Audited Statements
$5,279,638
Total Revenue per Form 990
$5,434,285
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$16,114,355
Salaries, Compensation, and Employee Benefits$290,009
Total Fundraising Expense$76,126
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$106,706$14,228$21,341$142,275
Other Salaries and Wages$102,731$11,953$4,840$119,524
Office Expenses$671$15,509$33,232$49,412
Fees for Service Investment Mgmnt Fees$37,995--$37,995
Fees for Services Accounting$1,328$20,255$166$21,749
Payroll Taxes$14,282$1,785$1,785$17,852
Information Technology$3,341$13,362-$16,703
Pension Plan Contributions$8,286$1,036$1,036$10,358
Insurance$2,250$5,090-$7,340
All Other Expenses-$6,298-$6,298
Conferences and Meetings--$5,707$5,707
Other Expenses$0$5,662$0$5,662
Fees for Services Other$2,683--$2,683
Advertising$2,600--$2,600
Total Functional Expenses$16,233,060$95,178$76,126$16,404,364

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$16,766,960
Expenses per Audited Statements$16,404,363
Total Expenses per Form 990$16,404,363
Expenses Not Reported on Form 990$362,597
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$280,924
Fundraising Gross Income$258,762
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
River Grill Before the Big Chill$213,832$159,109$21,332$137,777
Hats Off Luncheon$253,179$52,727$42,048$10,679
Total Events$610,657$258,762$280,924$-22,162
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
Yes
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, Part VI, Section A, line 6

The Board of Park Commissioners are the members.

Form 990, Part VI, Section A, line 7A

The Board of Park Commissioners appoint the Foundation trustees nominated by the Foundation

Form 990, Part VI, Section B, line 11

We emailed the completed 990 to trustees and gave them a week to comment.

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

New conflict of interest forms are signed each year.

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

In the hiring of the new Executive Director, comparability data was obtained in determining the salary level. A committee discussed and documented the deliberation.

Form 990, Part VI, Section C, line 19

The governing documents of the organization are available on the Ohio Secretary of State's website. The financial statements and conflict of interest policy are available upon request.

Filing and Contact Details

Filer

Filer Name
Cincinnati Parks Foundation
EIN
31-1429016
Phone
5133572619
Address
421 Oak Street, Cincinnati, OH 45219

Signing Officer

Name
Jennifer Spieser
Title
Executive Director
Phone
5133572619
Signed
2015-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Spieser
Formed
1995
Legal Domicile
Oh
Voting Board Members
52
Independent Board Members
52
Employees
6
Volunteers
55

Preparer

Firm
Barnes Dennig & Co LTD
Address
150 East Fourth Street, Cincinnati, OH 45202
Preparer
Paula Hume
Phone
5132418313
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The Board of Trustees assumes responsibility for the oversight of the audit of its financial statements and selection of an independent accountant.

Form 990 Part XII Line 2C

The organization did not change its selection or oversight process during the current tax year.

Financial Statement Notes

Part XI, Line 2D - Other Adjustments:

Special Event Expense 280,924.

Part XII, Line 2D - Other Adjustments:

Special Event Expense 280,924.

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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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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd33X
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt230
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt240
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt260
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt270
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt280
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt290
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt300
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt310
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt320
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt330
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt340
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt350
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt360
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt370
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt380
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt390
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt400
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt410
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt420
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt430
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt440
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt450
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt460
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt470
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt480
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt490
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt500
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt510
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt520
IRS990/Form990PartVIISectionAGrp/PersonNm0Mr John H Anning
IRS990/Form990PartVIISectionAGrp/PersonNm1Mrs Kristine Barr
IRS990/Form990PartVIISectionAGrp/PersonNm2Mr Neil K Bortz
IRS990/Form990PartVIISectionAGrp/PersonNm3Mrs Catherine Caldemeyer
IRS990/Form990PartVIISectionAGrp/PersonNm4Mr Phillip J Castellini
IRS990/Form990PartVIISectionAGrp/PersonNm5Mr Philip Cone
IRS990/Form990PartVIISectionAGrp/PersonNm6Mrs Amelia Crutcher
IRS990/Form990PartVIISectionAGrp/PersonNm7Mrs Judy S Dalambakis
IRS990/Form990PartVIISectionAGrp/PersonNm8Dr Kenneth Davis Jr
IRS990/Form990PartVIISectionAGrp/PersonNm9Mr Andrew E DeWitt
IRS990/Form990PartVIISectionAGrp/PersonNm10Ms Fay Dupuis
IRS990/Form990PartVIISectionAGrp/PersonNm11Ms Susan Abernethy Frank
IRS990/Form990PartVIISectionAGrp/PersonNm12Mrs Therese D Fullen
IRS990/Form990PartVIISectionAGrp/PersonNm13Mr Jose Garcia
IRS990/Form990PartVIISectionAGrp/PersonNm14Mr Dean Gregory
IRS990/Form990PartVIISectionAGrp/PersonNm15Mr Tom Hankinson
IRS990/Form990PartVIISectionAGrp/PersonNm16Ms Renee Mahaffey Harris
IRS990/Form990PartVIISectionAGrp/PersonNm17Mrs Helen Heekin
IRS990/Form990PartVIISectionAGrp/PersonNm18Mrs Susan Hickenlooper
IRS990/Form990PartVIISectionAGrp/PersonNm19Mrs Marcia Humes
IRS990/Form990PartVIISectionAGrp/PersonNm20Mr Steve Jemison
IRS990/Form990PartVIISectionAGrp/PersonNm21Mr Ronald G Joseph
IRS990/Form990PartVIISectionAGrp/PersonNm22Ms Antoinette LaBoiteaux
IRS990/Form990PartVIISectionAGrp/PersonNm23Mr Polk Laffoon IV
IRS990/Form990PartVIISectionAGrp/PersonNm24Mr Jerry Malsh
IRS990/Form990PartVIISectionAGrp/PersonNm25Mr Kevin McMurray
IRS990/Form990PartVIISectionAGrp/PersonNm26Mr Carter McNabb
IRS990/Form990PartVIISectionAGrp/PersonNm27Mr Don Mellott
IRS990/Form990PartVIISectionAGrp/PersonNm28Mr Skip Merten
IRS990/Form990PartVIISectionAGrp/PersonNm29Mr John A Mocker Jr
IRS990/Form990PartVIISectionAGrp/PersonNm30Mrs Eleanor Moffat
IRS990/Form990PartVIISectionAGrp/PersonNm31Mrs Debra Oliver
IRS990/Form990PartVIISectionAGrp/PersonNm32Mr Bruce I Petrie Jr
IRS990/Form990PartVIISectionAGrp/PersonNm33Mrs Laura Raines
IRS990/Form990PartVIISectionAGrp/PersonNm34Mrs Dianne Rosenberg
IRS990/Form990PartVIISectionAGrp/PersonNm35Mr Ryan Rybolt
IRS990/Form990PartVIISectionAGrp/PersonNm36Mr Tim F Seifert
IRS990/Form990PartVIISectionAGrp/PersonNm37Mr Paul G Sittenfeld
IRS990/Form990PartVIISectionAGrp/PersonNm38Mr William F Thiemann
IRS990/Form990PartVIISectionAGrp/PersonNm39Ms Lynda A Thomas
IRS990/Form990PartVIISectionAGrp/PersonNm40Mr Daniel Vogelpohl
IRS990/Form990PartVIISectionAGrp/PersonNm41Mrs Lori Wellinghoff
IRS990/Form990PartVIISectionAGrp/PersonNm42Mrs Paula C Wienkoop
IRS990/Form990PartVIISectionAGrp/PersonNm43Mrs Lindsay Wilhelm
IRS990/Form990PartVIISectionAGrp/PersonNm44Mr Richard F Williams
IRS990/Form990PartVIISectionAGrp/PersonNm45Mr Alex C Young
IRS990/Form990PartVIISectionAGrp/PersonNm46Ms Elizabeth A Stone
IRS990/Form990PartVIISectionAGrp/PersonNm47Mrs Marjorie Motch
IRS990/Form990PartVIISectionAGrp/PersonNm48Mr Mark J Busher
IRS990/Form990PartVIISectionAGrp/PersonNm49Mr John E Neyer
IRS990/Form990PartVIISectionAGrp/PersonNm50Mrs Dacia Snider
IRS990/Form990PartVIISectionAGrp/PersonNm51Ms Valerie Newell
IRS990/Form990PartVIISectionAGrp/PersonNm52Susan L Dorward
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt290
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt330
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt450
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt480
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt500
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt52142275
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.3$0.05$22.3$3.16$2.55$0.61
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.1$0.02$19.1$4.41$3.63$0.78
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.8$0.02$20.8$5.80$2.21$3.59
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.0$0.12$15.8$2.02$2.19$0.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.3$0.14$15.2$3.42$1.63$1.79
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.9$0.12$11.8$2.68$2.89$0.21
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.8$0.04$11.8$0.87$1.06$0.19
2015Detailed filing. Detailed filing data is available for this year.$12.0$0.07$11.9$2.25$11.0$8.75
2014Detailed filing. Detailed filing data is available for this year.$22.2$1.27$21.0$5.43$16.4$11.0
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.8$0.04$22.7$8.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.7$0.52$27.2$2.75
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.0$0.00$11.0$0.95