Civic Intelligence

Oglebay Foundation Properties Inc

990 • Fiscal year 2014 • EIN 31-1521015

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 26, 2015

465 Lodge DriveWheeling, WV 26003

(304) 243-4166

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2014

Net Margin

16th percentile

-30%

Higher net margin than 16% of similar nonprofits.

2014 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

71st percentile

$143,076

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 41.2% of source-year revenue.

2014 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2014

Asset Growth

36th percentile

-2.4%

Faster asset growth than 36% of similar nonprofits.

2014 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

100th percentile

1609%

Faster revenue growth than 100% of similar nonprofits.

2014 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$4,917,192

Down $121,753 (-2.4%) from 2013

Net Assets

Down

$4,917,192

Down $105,448 (-2.1%) from 2013

Liabilities

Down

$0

Down $16,305 (-100%) from 2013

Revenue

Up

$347,194

Up $326,882 (+1609%) from 2013

Expenses

Flat

$452,642

Flat from 2013

Net Income

Up

-$105,448

Up $326,882 (+76%) from 2013

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 2011: $5,944,230Liabilities 2011: $56,930Net Assets 2011: $5,887,3002011Assets 2013: $5,038,945Liabilities 2013: $16,305Net Assets 2013: $5,022,6402013Assets 2014: $4,917,192Liabilities 2014: $0Net Assets 2014: $4,917,1922014Assets 2015: $4,559,259Liabilities 2015: $0Net Assets 2015: $4,559,2592015Assets 2016: $4,109,517Liabilities 2016: $0Net Assets 2016: $4,109,5172016Assets 2017: $3,691,673Liabilities 2017: $0Net Assets 2017: $3,691,6732017Assets 2018: $3,507,811Liabilities 2018: $0Net Assets 2018: $3,507,8112018Assets 2019: $3,242,906Liabilities 2019: $0Net Assets 2019: $3,242,9062019Assets 2020: $3,131,867Liabilities 2020: $0Net Assets 2020: $3,131,8672020Assets 2022: $3,575,206Liabilities 2022: $0Net Assets 2022: $3,575,2062022Assets 2024: $6,422,425Liabilities 2024: $0Net Assets 2024: $6,422,4252024

Highlighted filing

2014

Assets$4,917,192
Liabilities$0
Net Assets$4,917,192

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $452,6422011Revenue 2013: $20,312Expenses 2013: $452,642Net Income 2013: -$432,3302013Revenue 2014: $347,194Expenses 2014: $452,642Net Income 2014: -$105,4482014Revenue 2015: $106,831Expenses 2015: $464,764Net Income 2015: -$357,9332015Revenue 2016: $15,026Expenses 2016: $464,768Net Income 2016: -$449,7422016Revenue 2017: $46,924Expenses 2017: $464,768Net Income 2017: -$417,8442017Revenue 2018: $280,906Expenses 2018: $464,768Net Income 2018: -$183,8622018Revenue 2019: $201,106Expenses 2019: $466,011Net Income 2019: -$264,9052019Revenue 2020: $279,672Expenses 2020: $390,711Net Income 2020: -$111,0392020Revenue 2022: $475,396Expenses 2022: $0Net Income 2022: $475,3962022Revenue 2024: $881,786Expenses 2024: $0Net Income 2024: $881,7862024

Highlighted filing

2014

Revenue$347,194
Expenses$452,642
Net Income-$105,448
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 26, 2015
Return Version
2014v5.0
Gross Receipts
$347,194
Mission and Program Overview

Mission

Maintain and develop oglebay and wheeling park

The oglebay foundation is devoted to the raising of private funds for the welfare, maintenance and future development of oglebay and wheeling parks in wheeling, wv and their affiliated organizations and programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,937,384$4,484,742▼ $452,642
Investments in Publicly Traded Securities$101,561$432,450▲ $330,889
Total Assets$5,038,945$4,917,192▼ $121,753
Liabilities
Deferred Revenue$16,305$0▼ $16,305
Total Liabilities$16,305$0▼ $16,305
Net Assets / Fund Balance
Unrestricted Net Assets$5,022,640$4,917,192▼ $105,448
Total Net Assets Fund Balance$5,022,640$4,917,192▼ $105,448
Total Liabilities and Net Assets / Fund Balance$5,038,945$4,917,192▼ $121,753

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,715,791$6,336,989$9,052,780
Land$1,768,951-$1,768,951
Compensation and Service Providers

Employees

NameTitleOtherTotal
G Randolph WorlsChairman$143,076$143,076

Board Members and Trustees

NameTitle
Eriks JanelsinsPresident/CEO
Wilbur Jones JrVice Chairman
David WeaverDirector
Donald Hofreuter MdDirector
G Ogden NuttingDirector
Gary WestDirector
Joan StampDirector
Joseph GompersDirector
Roland HobbsDirector/emeritus
Sue Seibert FarnsworthSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$347,194
Change in Net Assets
$-105,448
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$452,642
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$452,642--$452,642
Total Functional Expenses$452,642$0$0$452,642
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
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
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, Part VI, Section A, Line 8B

The organization does not have any committees with the authority to act on behalf of the board.

Form 990, Part VI, Section B, Line 11

The organizations procedures are to have the controller, president and governing body review the 990 prior to filing and to distribute the 990 to the governing body subsequent to filing.

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

The organizations controller ensures that all trustees annually sign off on a disclosure form regarding any conflict of interest. No conflicts have been identified that require further monitoring.

Form 990, Part VI, Section C, Line 19

The organization does not have a policy for making its governing documents, conflict of interest policy or financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
Oglebay Foundation Properties Inc
EIN
31-1521015
Phone
3042434166
Address
465 LODGE DRIVE, WHEELING, WV 26003

Signing Officer

Name
Eriks Janelsins
Title
President
Phone
3042434166
Signed
2015-10-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eriks Janelsins
Formed
1997
Legal Domicile
Wv
Voting Board Members
10
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
PERRY & ASSOCIATES CPA'S AC
Address
121 EAST MAIN ST, ST CLAIRSVILLE, OH 43950
Preparer
Michael a Musilli CPA
Phone
7406951569
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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/ActivityOrMissionDesc0THE OGLEBAY FOUNDATION IS DEVOTED TO THE RAISING OF PRIVATE FUNDS FOR THE WELFARE, MAINTENANCE AND FUTURE DEVELOPMENT OF OGLEBAY AND WHEELING PARKS IN WHEELING, WV AND THEIR AFFILIATED ORGANIZATIONS AND PROGRAMS.
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IRS990/Desc0PROMOTE THE DEVELOPMENT, MAINTENANCE AND IMPROVEMENT OF OGLEBAY AND WHEELING PARKS IN OHIO COUNTY, WV FOR THE BENEFIT AND SOCIAL WELFARE OF THE CITIZENS OF OHIO COUNTY.
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATIONS PROCEDURES ARE TO HAVE THE CONTROLLER, PRESIDENT AND GOVERNING BODY REVIEW THE 990 PRIOR TO FILING AND TO DISTRIBUTE THE 990 TO THE GOVERNING BODY SUBSEQUENT TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATIONS CONTROLLER ENSURES THAT ALL TRUSTEES ANNUALLY SIGN OFF ON A DISCLOSURE FORM REGARDING ANY CONFLICT OF INTEREST. NO CONFLICTS HAVE BEEN IDENTIFIED THAT REQUIRE FURTHER MONITORING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT HAVE A POLICY FOR MAKING ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE PARKS SYSTEM TRUST FUND OF WHEELING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1OGLEBAY FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2WHEELING PARK COMMISSION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0556000663
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2556000957
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2WV
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO PROVIDE FOR THE CONTINUING EXISTENCE OF WHEELING PARK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1TO MAINTAIN AND DEVELOP WHEELING AND OGLEBAY PARKS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2TO OPERATE WHEELING AND OGLEBAY PARKS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt011 B
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt111 B
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt2N/A
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1OGLEBAY PARK
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ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ERIKS JANELSINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03042434166
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-10-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OGLEBAY FOUNDATION PROPERTIES INC
ReturnHeader/Filer/BusinessNameControlTxt0OGLE
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0550771624
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PERRY & ASSOCIATES CPA'S AC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0121 EAST MAIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ST CLAIRSVILLE
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ReturnHeader/PreparerPersonGrp/PhoneNum07406951569
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL A MUSILLI CPA
ReturnHeader/ReturnTs02015-10-26T08:14:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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