Civic Intelligence

Marion Community Foundation

990 • Fiscal year 2022 • EIN 31-4446189

Jul 01, 2021 to Jun 30, 2022 • Filed on May 01, 2023

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

31st percentile

0.10x

Higher debt load relative to assets than 31% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

74th percentile

0.90x

Higher debt load relative to revenue than 74% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Net Margin

89th percentile

49%

Higher net margin than 89% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

10th percentile

$126,176

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Asset Growth

14th percentile

-13%

Faster asset growth than 14% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

10th percentile

-37%

Faster revenue growth than 10% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Assets

Down

$55,629,466

Down $8,567,885 (-13%) from 2021

Net Assets

Down

$50,031,507

Down $7,866,598 (-14%) from 2021

Liabilities

Down

$5,597,959

Down $701,287 (-11%) from 2021

Revenue

Down

$6,217,153

Down $3,688,146 (-37%) from 2021

Expenses

Up

$3,199,498

Up $503,472 (+19%) from 2021

Net Income

Down

$3,017,655

Down $4,191,618 (-58%) from 2021

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 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

2022

Assets$55,629,466
Liabilities$5,597,959
Net Assets$50,031,507

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 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

2022

Revenue$6,217,153
Expenses$3,199,498
Net Income$3,017,655
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 1, 2023
Return Version
2021v4.2
Gross Receipts
$6,217,153
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 mission of Marion Community Foundation is to continually improve the Marion area community through philanthropy, leadership, and civic engagement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$62,652,517$53,729,256▼ $8,923,261
Savings and Temporary Cash Investments$1,513,338$1,867,865▲ $354,527
Prepaid Expenses and Deferred Charges$23,139$21,792▼ $1,347
Land, Buildings, and Equipment, Net$8,357$10,553▲ $2,196
Total Assets$64,197,351$55,629,466▼ $8,567,885
Liabilities
Other Liabilities$5,683,175$4,867,990▼ $815,185
Grants Payable$603,303$702,730▲ $99,427
Accounts Payable and Accrued Expenses$12,768$27,239▲ $14,471
Total Liabilities$6,299,246$5,597,959▼ $701,287
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$57,898,105$50,031,507▼ $7,866,598
Total Net Assets Fund Balance$57,898,105$50,031,507▼ $7,866,598
Total Liabilities and Net Assets / Fund Balance$64,197,351$55,629,466▼ $8,567,885

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,830$30,715$35,545
Equipment$5,723$2,781$8,504

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$57,898,105$2,941,455▼ $7,608,555$328,287$50,031,507
2020$45,932,229$2,785,075▲ $11,876,827$279,828$57,898,105
2019$45,992,413$1,061,381▲ $1,565,916$313,308$45,932,229
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dean JacobPresident/CEOFT$126,176$126,176

Board Members and Trustees

NameTitle
Scott KnowlesDirector/Chair
Kathy GoodmanDirector/Past Chair
Fran VollDirector/Vice Chair
Dan KigerDirector
Grant GatesDirector
Jody Dem-HodginsDirector
John BartramDirector
Justin HamperDirector
Kevin SmithDirector
Luke HenryDirector
Ryan McCallDirector
Sarah RussellDirector
Spencer MathewsDirector
Charles SpeelmanDirector/Secretary
Nicolle WamplerDirector/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,941,455
Program Service Revenue
$0
Investment Income
$3,275,698
Other Revenue
$0
All Other Contributions
$2,941,455
Change in Net Assets
$3,017,655

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 Traded11$1,350,873Fair market value
Total Noncash Contributions11$1,350,873-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,217,153
Revenue Not Reported on Form 990
$-10,884,253
Total Revenue per Audited Statements
$-4,667,100
Total Revenue per Form 990
$6,217,153
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,278,087
Other Expenses$506,639
Salaries, Compensation, and Employee Benefits$414,772
Total Fundraising Expense$45,285
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,278,087--$2,278,087
Fees for Service Investment Mgmnt Fees-$304,241-$304,241
Other Salaries and Wages$78,238$141,206$8,416$227,860
Current Officers, Directors, Trustees, and Key Employees$62,713$37,628$25,085$125,426
Information Technology$36,384$12,994$2,599$51,977
Advertising$42,609-$2,243$44,852
Fees for Services Accounting$1,663$30,902-$32,565
Payroll Taxes$10,840$13,753$2,576$27,169
Occupancy$16,327$5,831$1,166$23,324
Other Employee Benefits$3,585$17,072$1,010$21,667
Pension Plan Contributions-$12,650-$12,650
Office Expenses$8,775$3,134$627$12,536
Insurance$6,903$2,466$493$9,862
Depreciation Depletion-$3,085-$3,085
Other Expenses$1,281$458$92$1,831
Travel$104$37$7$148
Total Functional Expenses$2,561,089$593,124$45,285$3,199,498

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,199,498
Total Expenses per Audited Statements$3,199,498
Total Expenses per Form 990$3,199,498
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Marion Family YMCAMarion, OH501c3charitable purpose$264,731
Palace Cultural ArtsMarion, OH501c3charitable purpose$236,294
Emanuel Lutheran ChurchMarion, OHchurchcharitable purpose$160,645
Epworth Methodist ChurchMarion, OHchurchcharitable purpose$125,420
Boys & Girls ClubMarion, OH501c3charitable purpose$100,360
Center StreetHealth CenterMarion, OH501c3charitable purpose$81,594
Marion Pep ClubMarion, OH501c3charitable purpose$67,150
Marion Union StationMarion, OH501c3charitable purpose$51,188
Mrn Cty Brd Dev DisabilitiesMarion, OHgovernmentcharitable purpose$48,404
Marion Voices FolklifeCaledonia, OH501c3charitable purpose$42,250
Mt Vernon Ave Church of ChristMarion, OHchurchcharitable purpose$35,000
Marion MattersMarion, OH501c3charitable purpose$27,963
Marion Shelter ProgramMarion, OH501c3charitable purpose$26,485
The Ohio State UniversityMarion, OHschoolcharitable purpose$26,057
Marion Area Humane SocietyMarion, OH501c3charitable purpose$25,987
Mrn Cty Fed of Women's ClubMarion, OH501c3charitable purpose$22,441
Black Heritage CouncilMarion, OH501c3charitable purpose$21,808
Buckeye Ridge HabitatMarion, OH501c3charitable purpose$21,559
Marion County Historical SocietyMarion, OH501c3charitable purpose$19,107
Marion Technical CollegeMarion, OHschoolcharitable purpose$17,977
Peace and Freedom CommitteeMarion, OH501c3charitable purpose$17,750
Central Christian ChurchMarion, OHchurchcharitable purpose$16,773
Logos Christian MinistriesMarion, OH501c3charitable purpose$15,500
Life Care AllianceMarion, OH501c3charitable purpose$15,000
Worthington Christian ChurchColumbus, OHchurchcharitable purpose$15,000
Father Furey Catholic SchoolMarion, OHschoolcharitable purpose$14,485
St Mary Parish & SchoolMarion, OHchurchcharitable purpose$13,967
Ohio History ConnectionColumbus, OH501c3charitable purpose$13,791
Tri-Rivers Career CenterMarion, OHschoolcharitable purpose$13,451
American Red Cross - MarionMarion, OH501c3charitable purpose$13,322
Leapin' Outreach CenterMarion, OH501c3charitable purpose$13,130
Salvation Army of MarionMarion, OH501c3charitable purpose$12,695
Wings of an AngelMarion, OH501c3charitable purpose$11,900
Moblile MealsMarion, OH501c3charitable purpose$11,675
Edward Huber Memorial AssocMarion, OH501c3charitable purpose$10,453
Charities for Aid FoundationAlexandria, VA501c3charitable purpose$10,000
Foundation for Small CharitiesHicksville, NY501c3charitable purpose$10,000
Marion Area Chamber FoundationMarion, OH501c3charitable purpose$10,000
Thiel College of GreenvilleGreenville, PAschoolcharitable purpose$9,120
Prevent Blindness OhioColumbus, OH501c3charitable purpose$9,112
Marion City SchoolsMarion, OHschoolcharitable purpose$9,093
ASL AssociationColumbus, OH501c3charitable purpose$9,000
Marion Adolescent PregnancyMarion, OH501c3charitable purpose$8,700
Explore-it-toriumMarion, OH501c3charitable purpose$8,600
Marion Victim AssistanceMarion, OHgovernmentcharitable purpose$8,000
Marion Public LibraryMarion, OH501c3charitable purpose$7,825
Marion Senior CitizensMarion, OHgovernmentcharitable purpose$6,816
Stengel True MuseumMarion, OH501c3charitable purpose$6,622
Prairie Parks FoundationMarion, OH501c3charitable purpose$6,421
Trinity BaptistMarion, OHchurchcharitable purpose$6,022
Luke 3 11 MinistriesMarion, OH501c3charitable purpose$5,896
Cents for ShoesMarion, OH501c3charitable purpose$5,614
Ohio HeatlandMarion, OHgovernmentcharitable purpose$5,250
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$4,867,990
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 35% controlled entity
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
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 11A 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 L Jacob
Title
PresidentCEO
Phone
7403879704
Signed
2023-05-01
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

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 Line 1

The Foundation has determined by the Internal Revenue Service to be exempt from Federal Income Taxes as a nonprofit organization under Section 501C3 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 Uncertanity in Income Taxes. The Foundation has no uncertain tax postion as of June 30, 2022.

X Line 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 contribution 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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