Civic Intelligence

Cincinnati Parks Foundation

990 • Fiscal year 2015 • EIN 31-1429016

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 15, 2016

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

11th percentile

0.01x

Higher debt load relative to assets than 11% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

12th percentile

0.03x

Higher debt load relative to revenue than 12% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

1st percentile

-389%

Higher net margin than 1% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

16th percentile

$72,824

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

1st percentile

-46%

Faster asset growth than 1% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

4th percentile

-59%

Faster revenue growth than 4% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Down

$11,985,808

Down $10,797,549 (-47%) from 2012

Net Assets

Down

$11,911,388

Down $10,831,979 (-48%) from 2012

Liabilities

Up

$74,420

Up $34,430 (+86%) from 2012

Revenue

$2,251,832

No earlier filing loaded for comparison.

Expenses

Up

$11,000,674

Up $2,753,480 (+33%) from 2012

Net Income

-$8,748,842

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 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

2015

Assets$11,985,808
Liabilities$74,420
Net Assets$11,911,388

Operations Trend

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

$15M$10M$5.0M$0-$5.0M-$10MExpenses 2010: $953,4712010Expenses 2011: $2,750,2592011Expenses 2012: $8,247,1942012Revenue 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

2015

Revenue$2,251,832
Expenses$11,000,674
Net Income-$8,748,842
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 15, 2016
Return Version
2015v2.1
Gross Receipts
$9,986,871
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$13,332,239$7,035,641▼ $6,296,598
Cash and Non-Interest-Bearing Accounts$2,693,222$2,588,381▼ $104,841
Pledges and Grants Receivable$6,220,414$2,353,939▼ $3,866,475
Accounts Receivable$0$7,847▲ $7,847
Total Assets$22,245,875$11,985,808▼ $10,260,067
Liabilities
Accounts Payable and Accrued Expenses$1,270,792$74,420▼ $1,196,372
Total Liabilities$1,270,792$74,420▼ $1,196,372
Net Assets / Fund Balance
Temporarily Rstr Net Assets$12,353,728$6,679,987▼ $5,673,741
Permanently Rstr Net Assets$6,212,912$6,212,912→ $0
Unrestricted Net Assets$2,408,443$-981,511▼ $3,389,954
Total Net Assets Fund Balance$20,975,083$11,911,388▼ $9,063,695
Total Liabilities and Net Assets / Fund Balance$22,245,875$11,985,808▼ $10,260,067

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$6,911,105---$6,911,105
2014$5,647,512$1,000,000▲ $263,593-$6,911,105
2013$117,650$5,095,261▲ $434,601-$5,647,512
2012$117,650---$117,650
2011-$117,650--$117,650
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer M SpieserExecutive Director- Join 6/1/15PT$59,983$12,841$72,824
Susan L DorwardExecutive Director- Exit 4/15/15PT$36,013$2,476$38,489

Highest Paid Contractors

ContractorServicesLocationCompensation
Universal Contracting CorporationContractor5151 Fishwick Dr, Cincinnati, OH 45216$9,660,726
Forevergreen LandscapeLandscape7582 Harrison Ave, Cincinnati, OH 45247$430,682
Carousel WorksContractor1285 Jack Pollock Pkwy, Mansfield, OH 44905$368,355
Kamen CreativeDesign Services8023 Paddington Lane, Cincinnati, OH 45249$133,435
Sasaki AssociatesContractor64 Pleasant St, St Watertown, MA 02472$126,650
Revenue and Support

Revenue Composition

Contributions and Grants
$1,891,907
Program Service Revenue
$0
Investment Income
$266,564
Other Revenue
$93,361
All Other Contributions
$1,788,702
Change in Net Assets
$-8,748,842

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,251,832
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$137,805
Total Revenue per Audited Statements
$2,389,637
Total Revenue per Form 990
$2,251,832
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,747,817
Salaries, Compensation, and Employee Benefits$252,857
Total Fundraising Expense$149,954
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$62,313$18,566$31,761$112,640
Comp Disqual Persons$47,071$40,261$23,980$111,312
Advertising$97,378$3,942-$101,320
Office Expenses$47,965$32,950-$80,915
Fees for Services Other$30,484$7,627$25,359$63,470
Fees for Service Investment Mgmnt Fees$53,601--$53,601
Information Technology$2,000$50,369-$52,369
Travel$38,761--$38,761
Fees for Services Legal-$22,045-$22,045
Fees for Services Accounting$1,318$17,515$659$19,492
Conferences and Meetings$6,376$2,427$10,112$18,915
Other Expenses$2,771$7,519$7,062$17,352
Payroll Taxes$8,198$4,099$4,099$16,396
Other Employee Benefits$7,055$53$2,474$9,582
Pension Plan Contributions$1,792$235$900$2,927
Insurance-$250-$250
Total Functional Expenses$10,617,948$232,772$149,954$11,000,674

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$11,453,332
Expenses per Audited Statements$11,000,674
Total Expenses per Form 990$11,000,674
Expenses Not Reported on Form 990$452,658
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 Gross Income$446,340
Fundraising Direct Expenses$352,979
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Hats Off Luncheon$332,772$328,516$50,991$277,525
River Grill Before the Big Chill$134,270$60,137$74,952$-14,815
Total Events$549,545$446,340$352,979$93,361
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 time 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.

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
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Spieser
Formed
1995
Legal Domicile
Oh
Voting Board Members
48
Independent Board Members
48
Employees
9
Volunteers
125

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 352,978.

Part XII, Line 2D - Other Adjustments:

Special Event Expense 352,978.

Raw XML AppendixShowing 400 of 864 raw XML fields

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/IndividualTrusteeOrDirectorInd35X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd36X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd37X
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd39X
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd47X
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/OtherCompensationAmt482476
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt4912841
IRS990/Form990PartVIISectionAGrp/PersonNm0Mr John H Anning
IRS990/Form990PartVIISectionAGrp/PersonNm1Mrs Catherine Caldemeyer
IRS990/Form990PartVIISectionAGrp/PersonNm2Mr Phillip J Castellini
IRS990/Form990PartVIISectionAGrp/PersonNm3Mr Philip Cone
IRS990/Form990PartVIISectionAGrp/PersonNm4Mrs Judy S Dalambakis
IRS990/Form990PartVIISectionAGrp/PersonNm5Dr Kenneth Davis Jr
IRS990/Form990PartVIISectionAGrp/PersonNm6Mr Andrew E DeWitt
IRS990/Form990PartVIISectionAGrp/PersonNm7Ms Fay Dupuis
IRS990/Form990PartVIISectionAGrp/PersonNm8Ms Susan Abernethy Frank
IRS990/Form990PartVIISectionAGrp/PersonNm9Mrs Therese D Fullen
IRS990/Form990PartVIISectionAGrp/PersonNm10Mr Tom Hankinson
IRS990/Form990PartVIISectionAGrp/PersonNm11Ms Renee Mahaffey Harris
IRS990/Form990PartVIISectionAGrp/PersonNm12Mrs Marcia Humes
IRS990/Form990PartVIISectionAGrp/PersonNm13Mr Steve Jemison
IRS990/Form990PartVIISectionAGrp/PersonNm14Mr Ronald G Joseph
IRS990/Form990PartVIISectionAGrp/PersonNm15Ms Antoinette LaBoiteaux
IRS990/Form990PartVIISectionAGrp/PersonNm16Mr Polk Laffoon IV
IRS990/Form990PartVIISectionAGrp/PersonNm17Mr Jerry Malsh
IRS990/Form990PartVIISectionAGrp/PersonNm18Mr Kevin McMurray
IRS990/Form990PartVIISectionAGrp/PersonNm19Mr Carter McNabb
IRS990/Form990PartVIISectionAGrp/PersonNm20Mr Skip Merten
IRS990/Form990PartVIISectionAGrp/PersonNm21Mr John A Mocker Jr
IRS990/Form990PartVIISectionAGrp/PersonNm22Mrs Eleanor Moffat
IRS990/Form990PartVIISectionAGrp/PersonNm23Mr Bruce I Petrie Jr
IRS990/Form990PartVIISectionAGrp/PersonNm24Mrs Laura Raines
IRS990/Form990PartVIISectionAGrp/PersonNm25Mr Ryan Rybolt
IRS990/Form990PartVIISectionAGrp/PersonNm26Mr Tim F Seifert
IRS990/Form990PartVIISectionAGrp/PersonNm27Mr Paul G Sittenfeld
IRS990/Form990PartVIISectionAGrp/PersonNm28Mr William F Thiemann
IRS990/Form990PartVIISectionAGrp/PersonNm29Mr Daniel Vogelpohl
IRS990/Form990PartVIISectionAGrp/PersonNm30Mrs Lori Wellinghoff
IRS990/Form990PartVIISectionAGrp/PersonNm31Mrs Paula C Wienkoop
IRS990/Form990PartVIISectionAGrp/PersonNm32Mrs Lindsay Wilhelm
IRS990/Form990PartVIISectionAGrp/PersonNm33Mr Richard F Williams
IRS990/Form990PartVIISectionAGrp/PersonNm34Ms Elizabeth Stone
IRS990/Form990PartVIISectionAGrp/PersonNm35Mrs Marjorie Motch
IRS990/Form990PartVIISectionAGrp/PersonNm36Ms Valerie Newell
IRS990/Form990PartVIISectionAGrp/PersonNm37Mrs Mary Jo Bazeley
IRS990/Form990PartVIISectionAGrp/PersonNm38Mr Roger David
IRS990/Form990PartVIISectionAGrp/PersonNm39Mr Melvin Grier
IRS990/Form990PartVIISectionAGrp/PersonNm40Mr Aric Hassel
IRS990/Form990PartVIISectionAGrp/PersonNm41Mr R Warner Off
IRS990/Form990PartVIISectionAGrp/PersonNm42Mrs Ellen Sole
IRS990/Form990PartVIISectionAGrp/PersonNm43Mr Laurence Stillpass
IRS990/Form990PartVIISectionAGrp/PersonNm44Mr Don Mellott
IRS990/Form990PartVIISectionAGrp/PersonNm45Mrs Dacia Snider
IRS990/Form990PartVIISectionAGrp/PersonNm46Mr John E Neyer
IRS990/Form990PartVIISectionAGrp/PersonNm47Mr Mark J Busher
IRS990/Form990PartVIISectionAGrp/PersonNm48Susan L Dorward
IRS990/Form990PartVIISectionAGrp/PersonNm49Jennifer M Spieser
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/ReportableCompFromOrgAmt310
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt410
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt420
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt430
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt440
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt450
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt470
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4836013
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4959983
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
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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
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