Civic Intelligence

Marion Community Foundation

990 • Fiscal year 2019 • EIN 31-4446189

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 10, 2020

504 S State StreetMarion, OH 43302

(740) 387-9704

Siviq Scores

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

Liabilities / Assets

29th percentile

0.10x

Higher debt load relative to assets than 29% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

63rd percentile

0.60x

Higher debt load relative to revenue than 63% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Net Margin

97th percentile

74%

Higher net margin than 97% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

7th percentile

$104,827

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Asset Growth

77th percentile

15%

Faster asset growth than 77% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

96th percentile

107%

Faster revenue growth than 96% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Assets

Up

$50,931,933

Up $6,526,513 (+15%) from 2018

Net Assets

Up

$45,992,413

Up $6,510,314 (+16%) from 2018

Liabilities

Up

$4,939,520

Up $16,199 (+0.3%) from 2018

Revenue

Up

$8,284,990

Up $4,284,480 (+107%) from 2018

Expenses

Down

$2,181,059

Down $47,111 (-2.1%) from 2018

Net Income

Up

$6,103,931

Up $4,331,591 (+244%) from 2018

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $30,967,257Liabilities 2010: $1,441,828Net Assets 2010: $29,525,4292010Assets 2012: $37,433,438Liabilities 2012: $3,258,136Net Assets 2012: $34,175,3022012Assets 2014: $42,132,950Liabilities 2014: $4,184,727Net Assets 2014: $37,948,2232014Assets 2015: $40,221,519Liabilities 2015: $4,268,077Net Assets 2015: $35,953,4422015Assets 2016: $38,939,429Liabilities 2016: $4,501,084Net Assets 2016: $34,438,3452016Assets 2017: $41,936,738Liabilities 2017: $4,573,303Net Assets 2017: $37,363,4352017Assets 2018: $44,405,420Liabilities 2018: $4,923,321Net Assets 2018: $39,482,0992018Assets 2019: $50,931,933Liabilities 2019: $4,939,520Net Assets 2019: $45,992,4132019Assets 2020: $51,237,514Liabilities 2020: $5,305,285Net Assets 2020: $45,932,2292020Assets 2021: $64,197,351Liabilities 2021: $6,299,246Net Assets 2021: $57,898,1052021Assets 2022: $55,629,466Liabilities 2022: $5,597,959Net Assets 2022: $50,031,5072022Assets 2025: $74,988,351Liabilities 2025: $6,667,514Net Assets 2025: $68,320,8372025

Highlighted filing

2019

Assets$50,931,933
Liabilities$4,939,520
Net Assets$45,992,413

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $870,6092010Expenses 2012: $1,483,6262012Revenue 2014: $4,439,856Expenses 2014: $2,167,862Net Income 2014: $2,271,9942014Revenue 2015: $1,966,843Expenses 2015: $2,518,941Net Income 2015: -$552,0982015Revenue 2016: $1,198,580Expenses 2016: $1,931,288Net Income 2016: -$732,7082016Revenue 2017: $2,256,023Expenses 2017: $1,967,641Net Income 2017: $288,3822017Revenue 2018: $4,000,510Expenses 2018: $2,228,170Net Income 2018: $1,772,3402018Revenue 2019: $8,284,990Expenses 2019: $2,181,059Net Income 2019: $6,103,9312019Revenue 2020: $2,977,971Expenses 2020: $2,687,926Net Income 2020: $290,0452020Revenue 2021: $9,905,299Expenses 2021: $2,696,026Net Income 2021: $7,209,2732021Revenue 2022: $6,217,153Expenses 2022: $3,199,498Net Income 2022: $3,017,6552022Revenue 2025: $7,081,739Expenses 2025: $3,522,139Net Income 2025: $3,559,6002025

Highlighted filing

2019

Revenue$8,284,990
Expenses$2,181,059
Net Income$6,103,931
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 10, 2020
Return Version
2018v3.1
Gross Receipts
$8,313,103
Mission and Program Overview

Mission

The Marion Community Foundation is dedicated to fostering philanthropy consistent with community values by providing a vehicle for planned giving through acceptance, management and distribution of endowed funds in accordance with the wishes of our donors.

The Marion Community Foundation is organized exclusively for charitable, scientific, literary, and educational purposes. The Marion Community Foundation is dedicated to fostering philanthropy by providing a vehicle for planned giving through acceptance, management and distribution of endowed funds in accordance with the wishes of our donors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$43,199,839$49,975,246▲ $6,775,407
Savings and Temporary Cash Investments$1,182,764$923,292▼ $259,472
Prepaid Expenses and Deferred Charges$12,853$23,540▲ $10,687
Land, Buildings, and Equipment, Net$9,964$9,855▼ $109
Total Assets$44,405,420$50,931,933▲ $6,526,513
Liabilities
Other Liabilities$4,312,908$4,301,350▼ $11,558
Grants Payable$592,255$622,658▲ $30,403
Accounts Payable and Accrued Expenses$18,158$15,512▼ $2,646
Total Liabilities$4,923,321$4,939,520▲ $16,199
Net Assets / Fund Balance
Unrestricted Net Assets$39,482,099$45,992,413▲ $6,510,314
Total Net Assets Fund Balance$39,482,099$45,992,413▲ $6,510,314
Total Liabilities and Net Assets / Fund Balance$44,405,420$50,931,933▲ $6,526,513

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$9,262$24,933$34,195
Equipment$593$1,156$1,749

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$39,482,099$5,945,125▲ $2,774,363$358,292$45,992,413
2017$37,363,435$1,243,714▲ $3,142,587$373,513$39,482,099
2016$34,438,345$975,868▲ $3,916,863$264,454$37,363,435
2015$35,953,442$618,280▼ $202,089$310,164$34,438,345
2014$38,123,289$649,719▼ $300,625$287,704$35,953,442
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dean JacobPresident/CEOFT$104,827$104,827

Board Members and Trustees

NameTitle
John BartramDirector/ Past Chair
Deborah AlspachDirector/Chair
Jeremy DunnDirector/Vice Chair
Charles SpeelmanDirector
Dan KigerDirector
Fran VollDirector
Kim Stark-SchillingDirector
Luke HenryDirector
Megan QueenDirector
Nicole WorkmanDirector
Nicolle WamplerDirector
Tom Clark IIIDirector
Ryan McCallDirector/
Kathy GoodmanDirector/Secretary
Scott KnowlesDirector/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,866,984
Program Service Revenue
$3,880
Investment Income
$2,367,978
Other Revenue
$46,148
All Other Contributions
$5,866,984
Change in Net Assets
$6,103,931

Noncash Contribution Practices

Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$3,120,046fair market value
Total Noncash Contributions3$3,120,046-

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,284,990
Revenue Not Reported on Form 990
$406,385
Total Revenue per Audited Statements
$8,691,375
Total Revenue per Form 990
$8,284,990
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,368,093
Other Expenses$490,694
Salaries, Compensation, and Employee Benefits$322,272
Total Fundraising Expense$70,537
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,368,093--$1,368,093
Fees for Service Investment Mgmnt Fees-$275,723-$275,723
Other Salaries and Wages$64,995$77,860$13,299$156,154
Current Officers, Directors, Trustees, and Key Employees$55,671$33,403$22,858$111,932
Other Expenses$22,965$1,355$22,965$45,930
Information Technology$27,495$9,820$1,964$39,279
Advertising$30,353-$1,598$31,951
Fees for Services Accounting-$30,516-$30,516
Other Employee Benefits$3,741$18,559$891$23,191
Payroll Taxes$10,327$8,546$3,687$22,560
Occupancy$14,637$5,227$1,045$20,909
Office Expenses$6,924$2,896$579$10,399
Insurance$6,430$2,297$459$9,186
Pension Plan Contributions-$8,435-$8,435
Depreciation Depletion-$2,752-$2,752
Conferences and Meetings$1,323$472$95$1,890
Travel$587$210$42$839
All Other Expenses-$204-$204
Total Functional Expenses$1,628,323$482,199$70,537$2,181,059

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,181,059
Total Expenses per Audited Statements$2,181,059
Total Expenses per Form 990$2,181,059
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Marion Family YMCAMarion, OH501c3charitable purposes$249,411
Marion Speech & Hearing CenterMarion, OH501c3charitable purposes$144,998
Marion Technical CollegeMarion, OHGovtcharitable purposes$98,822
Emanuel Luthern ChurchMarion, OH501c3charitable purposes$74,679
Ohio History ConnectionColumbus, OH501c3charitable purposes$61,150
Palace Culltural Arts AssocMarion, OH501c3charitable purposes$51,082
Stengel True MuseumMarion, OH501c3charitable purposes$42,927
Marion MattersMarion, OH501c3charitable purposes$42,248
Boys & Girls Club Marion CountyMarion, OH501c3charitable purposes$40,658
Marion Area Counseling CenterMarion, OH501c3charitable purposes$39,125
Prospect Park CommissionProspect, OHGovcharitable purposes$35,000
Buckeye Ridge HabitatMarion, OH501c3charitable purposes$30,000
MARCA Industries IncMarion, OH501c3charitable purposes$25,000
Marion Area Humane SocietyMarion, OH501c3charitable purposes$21,944
Downtown Marion IncMarion, OH501c3charitable purposes$20,579
Marion County Historical SocietyMarion, OH501c3charitable purposes$20,140
Epworth United Methodist ChurchMarion, OH501c3charitable purposes$20,049
Center St Community Health ClinicMarion, OH501c3charitable purposes$18,425
Marion Public LibraryMarion, OHGovcharitable purposes$15,235
Centenary United Methodist ChurchCutler, OHchurchcharitable purpose$14,204
Central Christian ChurchMarion, OHchurchcharitable purposes$14,204
Father Fred Furey Sch FundMarion, OH501c3charitable purposes$13,515
Marion Cty Federation of Women's Club IncMarion, OH501c3charitable purposes$11,870
Marion Shelter Program IncMarion, OH501c3charitable purposes$10,188
Columbus FoundationColumbus, OH501c3to establish fund$10,000
Worthington Christian ChurchColumbus, OHchurchcharitable purposes$10,000
St Mary ParishMarion, OHchurchcharitable purposes$6,320
Ohio State University MarionMarion, OHGovtcharitable purposes$5,966
Marion Adolescent Pregnancy ProgramMarion, OH501c3charitable purposes$5,268
Union CountyHealth DepartmentMarysville, OHGov Healthcharitable purposes$5,072
Ohio Coalition for EducationMarion, OH501c3charitable purposes$5,000
Wings of an AngelMarion, OH501c3charitable purposes$5,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$74,098
Fundraising Direct Expenses$28,113
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$74,098$74,098$4,144$69,954
Total Events$74,098$74,098$28,113$45,985
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$4,301,350
Agency Liabilities-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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 B, Line 11B

A copy of form 990 is provided to each director for review either by paper or electronically. Each director is asked to review the draft and encouraged to ask questions. At a scheduled board meeting prior to the due date of form 990 the board approves the 990 for submission to the IRS.

Form 990, Part VI, Section B, Line 15B

Eachyear a committee composed of selected board members conducts a job performance review of the President/CEO. They gather comments from the entire board of directors, consult nationwide surveys of other similar foundations, and submit written questions to the President/CEO. The committee reviews the data and information, deliberates, and formulates recommendations for the entire board of directors to determine the compensation for the President/CEO.

Form 990, Part VI, Section C, Line 19

The governing documents and conflict of interest policies are available to the public at the organizations office upon request. The Financial statements per the year-end are available to the public on the organizations website.

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

Each year the directors are ask to provide any information that might indicate a conflict of interest with their involvement in their duties as directors of the Board. Also, at each board meeting, directors are ask to disclose if they have a conflict of interest with voting on any item on the agenda.

Filing and Contact Details

Filer

Filer Name
Marion Community Foundation
EIN
31-4446189
Phone
7403879704
Address
504 S STATE STREET, MARION, OH 43302

Signing Officer

Name
Dean Jacob
Title
PresidentCEO
Signed
2020-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dean L Jacob
Formed
1998
Legal Domicile
Oh
Voting Board Members
15
Independent Board Members
15
Employees
5
Volunteers
20

Preparer

Firm
Diane Mault Tax Service
Address
2705 Marion-Waldo Rd, Marion, OH 43302
Preparer
Diane L Mault
Phone
7403892435
Supplemental Narrative

Financial Statement Notes

V 4

The intended use of the endowment funds is to enhance the quality of life for the Marion, Ohio area by fostering philanthropy and providing a vehicle for giving through various charitable grants and scholarships.

X 1

The Foundation has been determined by the Internal Revenue Service to be exempt from Federal Income taxes as a nonprofit organization under Section 5019C3 of the Internal Revenue Code and classified by the Internal Revenue Service as other than a private foundation and, as a result, a provision for taxes is not required. The Foundation follows ASC No. 740-10 Accounting for Uncertainity in Income Taxes. The Foundation has no uncertain tax positions as of June 30, 2018.

X 2

The Foundation follows ASC No.958-324-25 recognition Not-For-Profit topic which states that a transfer of assets in which the resource provider specifies itself as the beneficiary, the transaction is not a contribuion and shall be recorded as a liability even if variance power has been explicitly granted to the recipient organization. Accordingly, the Foundation recognizes funds contributed to organizational endowment funds by the beneficiary as agent liabilities and due to the nature of these endowment funds has classified these as long-term liabilities.

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IRS990/Form990PartVIISectionAGrp/PersonNm12John Bartram
IRS990/Form990PartVIISectionAGrp/PersonNm13Deborah Alspach
IRS990/Form990PartVIISectionAGrp/PersonNm14Tom Clark III
IRS990/Form990PartVIISectionAGrp/PersonNm15Dean Jacob
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IRS990/Form990PartVIISectionAGrp/TitleTxt12Director/ Past Chair
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IRS990/MissionDesc0The Marion Community Foundation is dedicated to fostering philanthropy consistent with community values by providing a vehicle for planned giving through acceptance, management and distribution of endowed funds in accordance with the wishes of our donors.
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IRS990/OtherExpensesGrp/TotalAmt25420
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IRS990/PrincipalOfficerNm0Dean L Jacob
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IRS990/ProgramServiceRevenueGrp/Desc0MarionMade Revenue
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IRS990/ProgSrvcAccomActy2Grp/Desc0The organizations second program is our Scholarship Program. Each year scholarships are awarded from Field of Interest endowed and nonendowed funds to various students meeting the qualifying criteria set forth in the fund documents. The scholarship committee, along with donor selection committees, review the applications and recommend the acceptable receipents. Finally the board of trustees approves the scholarships and the scholarships are awarded.
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt0390976
IRS990/ProgSrvcAccomActy3Grp/Desc0Like many small legacy cities in Ohio, Marion has suffered for many years from a negative self-image, which has resulted in brain-drain, loss of businesses, and a lower quality of life for residents. This, in turn, reduces tax revenue, lowers educational outcomes, and diminishes revenues for charities and non-profits, including Marion Community Foundation. MarionMade is a program that promotes a positive self-image about our communitys people, places, products, and programs. This program is intended to reverse the trends described above in order to rebound and grow the communitys pride, thereby increasing benefits to the communitys citizens and charities.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$75.0$6.67$68.3$7.08$3.52$3.56
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$55.6$5.60$50.0$6.22$3.20$3.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$64.2$6.30$57.9$9.91$2.70$7.21
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.2$5.31$45.9$2.98$2.69$0.29
2019Detailed filing. Detailed filing data is available for this year.$50.9$4.94$46.0$8.28$2.18$6.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$44.4$4.92$39.5$4.00$2.23$1.77
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.9$4.57$37.4$2.26$1.97$0.29
2016Detailed filing. Detailed filing data is available for this year.$38.9$4.50$34.4$1.20$1.93$0.73
2015Detailed filing. Detailed filing data is available for this year.$40.2$4.27$36.0$1.97$2.52$0.55
2014Detailed filing. Detailed filing data is available for this year.$42.1$4.18$37.9$4.44$2.17$2.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.4$3.26$34.2$1.48
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.0$1.44$29.5$0.87