Civic Intelligence

Judson Foundation

990 • Fiscal year 2018 • EIN 32-0048863

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 11, 2019

Refreshing map…

2181 Ambleside DriveCleveland, OH 44106

(216) 791-2969

Siviq Scores

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

Liabilities / Assets

18th percentile

0.02x

Higher debt load relative to assets than 18% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

52nd percentile

0.25x

Higher debt load relative to revenue than 52% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

81st percentile

26%

Higher net margin than 81% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

76th percentile

$281,227

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 14.2% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

24th percentile

-3.7%

Faster asset growth than 24% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

5th percentile

-46%

Faster revenue growth than 5% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Down

$23,098,164

Down $899,551 (-3.7%) from 2017

Net Assets

Down

$22,597,335

Down $1,027,792 (-4.4%) from 2017

Liabilities

Up

$500,829

Up $128,241 (+34%) from 2017

Revenue

Down

$1,979,685

Down $1,715,587 (-46%) from 2017

Expenses

Down

$1,459,990

Down $450,952 (-24%) from 2017

Net Income

Down

$519,695

Down $1,264,635 (-71%) from 2017

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2011: $15,886,893Liabilities 2011: $611,739Net Assets 2011: $15,275,1542011Assets 2014: $14,551,987Liabilities 2014: $491,857Net Assets 2014: $14,060,1302014Assets 2016: $19,893,555Liabilities 2016: $262,911Net Assets 2016: $19,630,6442016Assets 2017: $23,997,715Liabilities 2017: $372,588Net Assets 2017: $23,625,1272017Assets 2018: $23,098,164Liabilities 2018: $500,829Net Assets 2018: $22,597,3352018Assets 2019: $24,835,435Liabilities 2019: $362,782Net Assets 2019: $24,472,6532019Assets 2020: $35,988,271Liabilities 2020: $265,033Net Assets 2020: $35,723,2382020Assets 2021: $38,750,009Liabilities 2021: $389,913Net Assets 2021: $38,360,0962021Assets 2022: $33,124,297Liabilities 2022: $288,039Net Assets 2022: $32,836,2582022Assets 2024: $38,986,839Liabilities 2024: $245,908Net Assets 2024: $38,740,9312024

Highlighted filing

2018

Assets$23,098,164
Liabilities$500,829
Net Assets$22,597,335

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $363,1932011Revenue 2014: $1,439,287Expenses 2014: $443,439Net Income 2014: $995,8482014Revenue 2016: $2,116,179Expenses 2016: $1,311,501Net Income 2016: $804,6782016Revenue 2017: $3,695,272Expenses 2017: $1,910,942Net Income 2017: $1,784,3302017Revenue 2018: $1,979,685Expenses 2018: $1,459,990Net Income 2018: $519,6952018Revenue 2019: $2,166,495Expenses 2019: $1,537,064Net Income 2019: $629,4312019Revenue 2020: $1,969,682Expenses 2020: $1,636,036Net Income 2020: $333,6462020Revenue 2021: $3,138,962Expenses 2021: $1,836,598Net Income 2021: $1,302,3642021Revenue 2022: $1,510,547Expenses 2022: $1,685,912Net Income 2022: -$175,3652022Revenue 2024: $4,992,595Expenses 2024: $1,567,955Net Income 2024: $3,424,6402024

Highlighted filing

2018

Revenue$1,979,685
Expenses$1,459,990
Net Income$519,695
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 11, 2019
Return Version
2018v3.1
Gross Receipts
$10,570,576
Mission and Program Overview

Mission

The judson foundation is the 501(c)(3) fund raising organization supporting many of the programs, new initiatives, facility enhancements, resident subsidies and strategic initiatives, as determined by the 501(c)(3) parent judson services, inc. Board.

The Foundation is the fundraising organization supporting programs, initiatives, facility enhancements, subsidies and strategies, as determined by Judson Services, Inc board

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$20,076,104$18,998,272▼ $1,077,832
Investments Other Securities$2,075,341$1,840,429▼ $234,912
Pledges and Grants Receivable$1,011,587$1,032,367▲ $20,780
Cash and Non-Interest-Bearing Accounts$614,060$856,108▲ $242,048
Prepaid Expenses and Deferred Charges$4,623$0▼ $4,623
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$23,997,715$23,098,164▼ $899,551
Other Assets Total$216,000$370,988▲ $154,988
Liabilities
Other Liabilities$275,268$295,658▲ $20,390
Accounts Payable and Accrued Expenses$97,320$205,171▲ $107,851
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$372,588$500,829▲ $128,241
Net Assets / Fund Balance
Unrestricted Net Assets$16,247,045$16,617,971▲ $370,926
Permanently Rstr Net Assets$4,925,551$5,007,036▲ $81,485
Temporarily Rstr Net Assets$2,452,531$972,328▼ $1,480,203
Total Net Assets Fund Balance$23,625,127$22,597,335▼ $1,027,792
Total Liabilities and Net Assets / Fund Balance$23,997,715$23,098,164▼ $899,551

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$308,591--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$2,268,131$1,207,067-$200,000$3,275,198
2017$2,268,126$147,526▲ $9,820-$2,268,131
2016$2,136,575$30,493▲ $164,851-$2,268,126
2015$1,229,348$1,068,468▼ $68,289-$2,136,575
2014$1,195,289-▲ $66,318$32,260$1,229,347
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daniel SelbyVP - Judson FoundationFT$119,858$10,749$130,607

Board Members and Trustees

NameTitle
Kevin B ShawChair
Allen Fordtrustee
Bruce a LoessinTrustee
Catherine S KoppelmanTrustee
Ivan OttoTrustee
Jay AuwerterTrustee
John P SchneiderTrustee
Rex G MasonTrustee
Richard Bambergertrustee
Samuel S HartwellTrustee
Thomas BrickTrustee
W a Baeslack Iiitrustee
Cynthia Dunn(See Schedule O)
Kendra Urdzik(See Schedule O)
James VailAssistant Secretary
Barbara I HawleySecretary
Douglas WangTreasurer
James CarnovaleVP Finance of Jsi/CFO
Mary Ellen KennedyVP Judson Park
William E FehrenbachVP S. Franklin
Revenue and Support

Revenue Composition

Contributions and Grants
$1,219,035
Program Service Revenue
$0
Investment Income
$693,700
Other Revenue
$66,950
All Other Contributions
$1,175,385
Change in Net Assets
$519,695

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded4$51,077Fair Market Value (FMV)
Total Noncash Contributions4$51,077-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$802,235
Other Expenses$375,122
Salaries, Compensation, and Employee Benefits$282,633
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$802,235--$802,235
Other Salaries and Wages$248,300--$248,300
Office Expenses$151,661$1,095-$152,756
Fees for Service Investment Mgmnt Fees-$107,969$0$107,969
Fees for Services Management-$45,000-$45,000
Information Technology$23,059--$23,059
Payroll Taxes$18,486--$18,486
Other Employee Benefits$15,847--$15,847
Fees for Services Other-$8,420-$8,420
Insurance$6,084--$6,084
Other Expenses$4,382$23,680-$4,382
Conferences and Meetings$3,772--$3,772
Total Functional Expenses$1,273,826$186,164$0$1,459,990
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
JudsonCleveland, OH501(c)(3)To Support Programs, Initiatives, Facility Improvements, Subsidies, and Strategies.$685,778
South Franklin CircleChagrin Falls, OH501(c)(3)To Support Programs, Initiatives, Facility Improvements, Subsidies, and Strategies.$60,136
Judson Home CareCleveland, OH501(c)(3)To Support Programs, Initiatives, Facility Improvements, Subsidies, and Strategies.$56,321
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$28,628
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Cele. of Gener.$43,650-$16,196-
Total Events$43,650-$28,628$-28,628
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Parties$295,658
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
Yes
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

PAGE 6, PART VI, SECTION B, #11B

FORM 990 REVIEW PROCESS: The form 990 is reviewed by the Board Audit Committee.

PAGE 6, PART VI, SECTION B, #12C

MONITOR AND ENFORCE CONFLICT OF INTEREST POLICY: Officers and all board members are required to submit a conflict of interest disclosure statement on an annual basis.

PAGE 6, PART VI, SECTION B, #15A & 15B

Process for determining compensation: the executive committee acts as the compensation committee and annually conducts a review of the compensation of the ceo and cfo. For determining the compensation of other officers or key employees, compensation surveys are regularly acquired from an independent outside party to assist in the ongoing review of compensation levels. External benchmark amounts are also used for all officers and key employees. The compensation of the organization's ceo is determined by all board members completing an evaluation form. All members discuss the ceo's performance and the executive committee then meets and determines the compensation based on the discussion and evaluations. The compensation of the organization's cfo is determined by the ceo summarizing the cfo's performance and presenting it to the board. The board considers the ceo's recommendation of the cfo's performance and discusses the recommendation without the cfo present and reviews and approves the cfo's compensation, as appropriate. The ceo determines appropriate compensation for key employees utilizing employee evaluations, including performance goals assessments. Corporate officer's expense reimbursement policy is the same as for all employees. The only exception is that both the ceo and cfo have a car allowance of $600 per month because of the amount of driving done by both.

PAGE 6, PART VI, SECTION C, #19

Documents available to public: the organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

page 7, part VII, section A, #1A, column (B)

allocation of hours worked: Hours worked per week are allocated between the filing organization and related organizations as follows for the individuals listed within Part Vii: CYNTHIA DUNN - TOTAL HOURS PER WEEK = 42, SPLIT: JUDSON SERVICES, INC. - 6 HRS JUDSON - 10 HRS JUDSON HOME CARE - 2 HRS JUDSON FOUNDATION - 4 HRS SOUTH FRANKLIN CIRCLE - 20 HRS JAMES CARNOVALE - TOTAL HOURS PER WEEK = 42, SPLIT: JUDSON SERVICES, INC. - 2 HRS JUDSON - 26 HRS JUDSON HOME CARE - 2 HRS JUDSON FOUNDATION - 2 HRS SOUTH FRANKLIN CIRCLE - 10 HRS KENDRA URDZIK - TOTAL HOURS PER WEEK = 42, SPLIT: JUDSON SERVICES, INC. - 6 HRS JUDSON - 10 HRS JUDSON HOME CARE - 2 HRS JUDSON FOUNDATION - 4 HRS SOUTH FRANKLIN CIRCLE - 20 HRS

PAGE 7, PART VII SECTION A, #1A COLUMN A

During 2018 cynthia dunn and kendra urdzik worked multiple positions. See below for their positions and time period worked: cynthia dunn: ceo -- 1/1/18 - 4/14/18 consultant -- 4/15/18 - 6/30/18 kendra urdzik: vp of health services -- 1/1/18 - 4/14/18 ceo -- 4/15/18 - 12/31/18

Filing and Contact Details

Filer

Filer Name
Judson Foundation
EIN
32-0048863
In Care Of
% GEORGE KAMPOSEK
Phone
2167912969
Address
2181 Ambleside Drive, Cleveland, OH 44106

Signing Officer

Name
James J Carnovale
Title
CPA, CFO
Phone
2167912969
Signed
2019-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kendra Urdzik
Formed
2002
Legal Domicile
Oh
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
14

Preparer

Firm
Hw&co
Address
23240 Chagrin Blvd Suite 700, Cleveland, OH 44122-5450
Preparer
David M Reape CPA
Phone
2168311200
Supplemental Narrative

Additional Explanations

PAGE 12, PART XI, #9

RECONCILIATION OF NET ASSETS: INTERCOMPANY TRANSFERS: $ 184,813. CHANGE IN VALUE OF PERPETUAL TRUSTS: (234,912.) Net Income Released From Subsidies: 79,983. ------------ $29,884,.

Financial Statement Notes

Intended Uses of Endowment Funds

JUDSON FOUNDATION has adopted investment and spending policies for donor restricted endowments that attempt to provide a reasonably predictable stream of funding for member subsidies and programs supported by its endowments while seeking to maintain the purchasing power of the endowment assets. Donor restricted assets are invested in a manner that is intended to produce results that exceed rates of inflation. Actual returns in any given year may vary from the target. Investment of donor restricted assets is limited to a combination of cash and equivalents and high grade fixed income securities or mutual funds. JUDSON FOUNDATION has a policy of limiting appropriations to a maximum of realized income earned on investments of donor-restricted endowments.

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