Civic Intelligence

Oberlin Student Cooperative Association Foundation Inc.

990 • Fiscal year 2017 • EIN 31-1538724

Jul 01, 2016 to Jun 30, 2017 • Filed on May 11, 2018

Box 86 Wilder HallOberlin, OH 44074

(440) 775-8108

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

2nd percentile

-133%

Higher net margin than 2% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

52nd percentile

$11,835

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 128.7% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

33rd percentile

-1.7%

Faster asset growth than 33% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

2nd percentile

-72%

Faster revenue growth than 2% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$718,400

Down $12,270 (-1.7%) from 2016

Net Assets

Down

$718,400

Down $12,270 (-1.7%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$9,199

Down $23,160 (-72%) from 2016

Expenses

Up

$21,469

Up $4,066 (+23%) from 2016

Net Income

Down

-$12,270

Down $27,226 (-182%) from 2016

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2013: $715,550Liabilities 2013: $0Net Assets 2013: $715,5502013Assets 2014: $719,306Liabilities 2014: $0Net Assets 2014: $719,3062014Assets 2015: $715,714Liabilities 2015: $0Net Assets 2015: $715,7142015Assets 2016: $730,670Liabilities 2016: $0Net Assets 2016: $730,6702016Assets 2017: $718,400Liabilities 2017: $0Net Assets 2017: $718,4002017Assets 2020: $702,144Liabilities 2020: $0Net Assets 2020: $702,1442020Assets 2021: $707,554Liabilities 2021: $690Net Assets 2021: $706,8642021Assets 2022: $661,333Liabilities 2022: $885Net Assets 2022: $660,4482022Assets 2024: $668,679Liabilities 2024: $900Net Assets 2024: $667,7792024

Highlighted filing

2017

Assets$718,400
Liabilities$0
Net Assets$718,400

Operations Trend

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

$150K$100K$50K$0-$50KExpenses 2013: $10,9162013Revenue 2014: $16,213Expenses 2014: $12,457Net Income 2014: $3,7562014Revenue 2015: $14,853Expenses 2015: $18,445Net Income 2015: -$3,5922015Revenue 2016: $32,359Expenses 2016: $17,403Net Income 2016: $14,9562016Revenue 2017: $9,199Expenses 2017: $21,469Net Income 2017: -$12,2702017Revenue 2020: $13,144Expenses 2020: $12,642Net Income 2020: $5022020Revenue 2021: $7,323Expenses 2021: $2,603Net Income 2021: $4,7202021Revenue 2022: $16,408Expenses 2022: $62,824Net Income 2022: -$46,4162022Revenue 2024: $130,808Expenses 2024: $27,312Net Income 2024: $103,4962024

Highlighted filing

2017

Revenue$9,199
Expenses$21,469
Net Income-$12,270
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 11, 2018
Return Version
2016v3.0
Gross Receipts
$9,199
Mission and Program Overview

Mission

To make oberlin college more financially feasible by offering scholarships to selected students of oberlin college. To loan money to community development financial institutions in order to meet the needs of cooperatives and community-based non-profits. To establish an organization to provide for the educational, social, and cultural enrichment of oberlin, ohio and cooperative communities.

Provide educational assistance to disadvantaged students of oberlin college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$726,699$714,419▼ $12,280
Prepaid Expenses and Deferred Charges$3,971$3,981▲ $10
Total Assets$730,670$718,400▼ $12,270
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$730,670$718,400▼ $12,270
Total Net Assets Fund Balance$730,670$718,400▼ $12,270
Total Liabilities and Net Assets / Fund Balance$730,670$718,400▼ $12,270
Compensation and Service Providers

Employees

NameTitleOtherTotal
Linda DoanFinancial Manager$11,835$11,835
Emmanuel NavarroTreasurer$3,600$3,600
RORY O'DONOGHUEMembership$3,600$3,600
Bridget MenkisPresident$2,400$2,400
Natalie HartogBoard Member At-large$1,641$1,641

Board Members and Trustees

NameTitle
Abigail CarlstadBoard Member At-large
Brendan NuseBoard Member At-large
Revenue and Support

Revenue Composition

Contributions and Grants
$7,927
Program Service Revenue
$0
Investment Income
$1,272
Other Revenue
$0
All Other Contributions
$1,917
Change in Net Assets
$-12,270
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$18,200
Other Expenses$3,269
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$18,200--$18,200
Insurance$2,631--$2,631
Other Expenses$200--$200
Total Functional Expenses$21,469$0$0$21,469
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 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 financial manager of the organization reviews the return for completeness and accuracy before filing.

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

The board of directors is made aware of this policy as part of their training. When there is a possibility that something may be construed as a conflict, the board member is asked to disclose it at a board meeting. To date, no conflicts of interest have been identified by the board members.

Form 990, Part VI, Section C, Line 19

The organization will, upon request, provide copies of the governing documents and financial statement to the public.

Filing and Contact Details

Filer

Filer Name
Oberlin Student Cooperative Association
EIN
31-1538724
Phone
4407758108
Address
BOX 86 WILDER HALL, OBERLIN, OH 44074

Signing Officer

Name
Linda Doan
Title
Financial Manager
Phone
4407758108
Signed
2018-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bridget Menkis
Formed
1997
Legal Domicile
Oh
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Hobe & Lucas Cpas
Address
4807 ROCKSIDE ROAD 510, INDEPENDENCE, OH 44131
Preparer
William F Wildenheim
Phone
2165248900
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

No change from prior year.

Financial Statement Notes

PART X, LINE 2:

The financial statements reflect only the cooperatives' tax position that meet a more likely than not standard that, based on their technical merits, have a more than 50 percent likelihood of being sustained upon examination. The cooperatives did not recognize any interest or penalties on uncertain tax positions on the balance sheet for the period ending june 30, 2017. The cooperatives' management has determined that no reasonably possible changes will be made over the next 12 months regarding their tax positions. The federal tax returns of the cooperative for tax periods prior to june 30, 2014 are no longer subject to examination by major taxing authorities.

Raw XML Appendix371 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/ReportableCompFromRltdOrgAmt60
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IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBERSHIP
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5FINANCIAL MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER AT-LARGE
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IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/IRPDocumentCnt00
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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0TO MAKE OBERLIN COLLEGE MORE FINANCIALLY FEASIBLE BY OFFERING SCHOLARSHIPS TO SELECTED STUDENTS OF OBERLIN COLLEGE. TO LOAN MONEY TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS IN ORDER TO MEET THE NEEDS OF COOPERATIVES AND COMMUNITY-BASED NON-PROFITS. TO ESTABLISH AN ORGANIZATION TO PROVIDE FOR THE EDUCATIONAL, SOCIAL, AND CULTURAL ENRICHMENT OF OBERLIN, OHIO AND COOPERATIVE COMMUNITIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt0718400
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FINANCIAL STATEMENTS REFLECT ONLY THE COOPERATIVES' TAX POSITION THAT MEET A MORE LIKELY THAN NOT STANDARD THAT, BASED ON THEIR TECHNICAL MERITS, HAVE A MORE THAN 50 PERCENT LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION. THE COOPERATIVES DID NOT RECOGNIZE ANY INTEREST OR PENALTIES ON UNCERTAIN TAX POSITIONS ON THE BALANCE SHEET FOR THE PERIOD ENDING JUNE 30, 2017. THE COOPERATIVES' MANAGEMENT HAS DETERMINED THAT NO REASONABLY POSSIBLE CHANGES WILL BE MADE OVER THE NEXT 12 MONTHS REGARDING THEIR TAX POSITIONS. THE FEDERAL TAX RETURNS OF THE COOPERATIVE FOR TAX PERIODS PRIOR TO JUNE 30, 2014 ARE NO LONGER SUBJECT TO EXAMINATION BY MAJOR TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt12000
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS FOR STUDENTS ATTENDING OBERLIN COLLEGE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1SCHOLARSHIPS FOR STUDENTS ATTENDING LORAIN COUNTY COMMUNITY COLLEGE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2SCHOLARSHIPS FOR STUDENTS WHO VOLUNTEER IN THE COMMUNITY WHILE ATTENDING OBERLIN COLLEGE
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION AWARDS SCHOLARSHIPS TO SELECTED STUDENTS OF OBERLIN COLLEGE AND LORAIN COUNTY COMMUNITY COLLEGE IN ORDER TO MAKE COLLEGE FINANCIALLY FEASIBLE FOR THEM. QUALIFIED INDIVIDUALS MUST DEMONSTRATE FINANCIAL NEED IN ADDITION TO MEETING ACADEMIC STANDARDS SET BY THE BOARD.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FINANCIAL MANAGER OF THE ORGANIZATION REVIEWS THE RETURN FOR COMPLETENESS AND ACCURACY BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS MADE AWARE OF THIS POLICY AS PART OF THEIR TRAINING. WHEN THERE IS A POSSIBILITY THAT SOMETHING MAY BE CONSTRUED AS A CONFLICT, THE BOARD MEMBER IS ASKED TO DISCLOSE IT AT A BOARD MEETING. TO DATE, NO CONFLICTS OF INTEREST HAVE BEEN IDENTIFIED BY THE BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION WILL, UPON REQUEST, PROVIDE COPIES OF THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENT TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO CHANGE FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
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ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM F WILDENHEIM
ReturnHeader/ReturnTs02018-05-14T12:46:42-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

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