Civic Intelligence

Oberlin Student Cooperative Association

990 • Fiscal year 2018 • EIN 34-0906297

Jul 01, 2017 to Jun 30, 2018 • Filed on May 21, 2019

PO Box 118Oberlin, OH 44074-0118

(440) 775-8108

Siviq Scores

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

Liabilities / Assets

51st percentile

0.24x

Higher debt load relative to assets than 51% of similar nonprofits.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

32nd percentile

0.13x

Higher debt load relative to revenue than 32% of similar nonprofits.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2018

Net Margin

43rd percentile

1.4%

Higher net margin than 43% of similar nonprofits.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

76th percentile

$7,500

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2018

Asset Growth

84th percentile

10%

Faster asset growth than 84% of similar nonprofits.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

60th percentile

4.5%

Faster revenue growth than 60% of similar nonprofits.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,581,611

Up $146,115 (+10%) from 2017

Net Assets

Up

$1,204,073

Up $39,682 (+3.4%) from 2017

Liabilities

Up

$377,538

Up $106,433 (+39%) from 2017

Revenue

Up

$2,817,534

Up $122,088 (+4.5%) from 2017

Expenses

Up

$2,777,852

Up $74,754 (+2.8%) from 2017

Net Income

Up

$39,682

Up $47,334 (+619%) from 2017

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2014: $1,317,774Liabilities 2014: $239,717Net Assets 2014: $1,078,0572014Assets 2015: $1,409,946Liabilities 2015: $293,533Net Assets 2015: $1,116,4132015Assets 2016: $1,369,198Liabilities 2016: $197,155Net Assets 2016: $1,172,0432016Assets 2017: $1,435,496Liabilities 2017: $271,105Net Assets 2017: $1,164,3912017Assets 2018: $1,581,611Liabilities 2018: $377,538Net Assets 2018: $1,204,0732018Assets 2019: $1,555,298Liabilities 2019: $271,818Net Assets 2019: $1,283,4802019Assets 2020: $1,426,903Liabilities 2020: $156,444Net Assets 2020: $1,270,4592020Assets 2021: $1,259,341Liabilities 2021: $305,638Net Assets 2021: $953,7032021Assets 2022: $1,282,165Liabilities 2022: $327,588Net Assets 2022: $954,5772022

Highlighted filing

2018

Assets$1,581,611
Liabilities$377,538
Net Assets$1,204,073

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $2,522,253Expenses 2014: $2,482,740Net Income 2014: $39,5132014Revenue 2015: $2,519,268Expenses 2015: $2,480,912Net Income 2015: $38,3562015Revenue 2016: $2,727,849Expenses 2016: $2,672,219Net Income 2016: $55,6302016Revenue 2017: $2,695,446Expenses 2017: $2,703,098Net Income 2017: -$7,6522017Revenue 2018: $2,817,534Expenses 2018: $2,777,852Net Income 2018: $39,6822018Revenue 2019: $2,891,391Expenses 2019: $2,811,984Net Income 2019: $79,4072019Revenue 2020: $2,393,511Expenses 2020: $2,406,532Net Income 2020: -$13,0212020Revenue 2021: $22,824Expenses 2021: $339,580Net Income 2021: -$316,7562021Revenue 2022: $3,078,718Expenses 2022: $3,077,844Net Income 2022: $8742022

Highlighted filing

2018

Revenue$2,817,534
Expenses$2,777,852
Net Income$39,682
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 21, 2019
Return Version
2017v2.3
Gross Receipts
$2,817,534
Mission and Program Overview

Mission

To promote and develop cooperative living at oberlin college in accordance with the rochdale cooperative principles so long as such activity is consistent with the fundamental principles and policies of oberlin college.

1) to establish an organization to promote cooperative living at oberlin college.2) to purchase, lease, or enter into contractual obligations with oberlin college for housing and feeding students and to furnish such facilities at actual cost.3) to buy food and other supplies for rooming, dining, living and studying to be sold to students at actual cost.4) to borrow money and issue, sell, or pledge bonds, promissory notes or debentures to accomplish the above purposes.5) to arrange and provide for the social and cultural enrichment of its members at actual cost.6) in general, to do all things necessary to fully accomplish the foregoing purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,296,804$1,450,131▲ $153,327
Other Notes and Loans Receivable, Net$111,987$111,988▲ $1
Land, Buildings, and Equipment, Net$11,721$7,568▼ $4,153
Inventories for Sale or Use$6,010$6,034▲ $24
Prepaid Expenses and Deferred Charges$3,814$5,775▲ $1,961
Accounts Receivable$5,045--
Investments Other Securities$115$115→ $0
Total Assets$1,435,496$1,581,611▲ $146,115
Liabilities
Other Liabilities$270,227$350,592▲ $80,365
Accounts Payable and Accrued Expenses$878$26,946▲ $26,068
Total Liabilities$271,105$377,538▲ $106,433
Net Assets / Fund Balance
Unrestricted Net Assets$1,164,391$1,204,073▲ $39,682
Total Net Assets Fund Balance$1,164,391$1,204,073▲ $39,682
Total Liabilities and Net Assets / Fund Balance$1,435,496$1,581,611▲ $146,115

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,568$27,905$35,473
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Teagan WebbChairPT$7,500$7,500
Emmanuel NavarroPresidentPT$7,200$7,200
Janet WuTreasurerPT$7,200$7,200
Radia LahkouMembershipPT$7,200$7,200
Revenue and Support

Revenue Composition

Contributions and Grants
$3,028
Program Service Revenue
$2,800,962
Investment Income
$13,544
Other Revenue
$0
All Other Contributions
$3,028
Change in Net Assets
$39,682
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,358,235
Salaries, Compensation, and Employee Benefits$415,722
Grants and Similar Amounts Paid$3,895
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$1,786,292--$1,786,292
Other Salaries and Wages$199,710--$199,710
Current Officers, Directors, Trustees, and Key Employees$16,540$95,258-$111,798
Other Employee Benefits$42,500$22,162-$64,662
Payroll Taxes$24,847$6,212-$31,059
All Other Expenses$21,239--$21,239
Other Expenses$13,645--$13,645
Pension Plan Contributions$4,635$3,858-$8,493
Conferences and Meetings$6,994--$6,994
Office Expenses$5,455--$5,455
Depreciation Depletion$5,333--$5,333
Fees for Services Accounting-$4,350-$4,350
Insurance$4,318--$4,318
Grants to Domestic Orgs$3,895--$3,895
Fees for Services Legal$3,111--$3,111
Information Technology$3,071--$3,071
Fees for Services Other$242--$242
Travel$146--$146
Total Functional Expenses$2,646,012$131,840$0$2,777,852
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Dining and Housing Refunds$277,828
Accrued Expenses$43,439
Member Advance Deposits$29,325
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The treasurer reviews the 990 for completeness and accuracy and the financial manager files the return.

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

The board of directors are 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 18

The organization will furnish a copy of the 990, it's governing documents, and financial statements to the public upon request.

Form 990, Part VI, Section C, Line 19

The organization will provide photocopies of the requested documents if needed.

Filing and Contact Details

Filer

Filer Name
Oberlin Student Cooperative
EIN
34-0906297
Phone
4407758108
Address
PO BOX 118, OBERLIN, OH 44074-0118

Signing Officer

Name
Linda Doan
Title
Financial Manager
Phone
4407758108
Signed
2019-05-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tara Wells
Formed
1962
Legal Domicile
Oh
Voting Board Members
28
Independent Board Members
24
Employees
47
Volunteers
598

Preparer

Firm
Hobe & Lucas Cpas
Address
4807 ROCKSIDE ROAD 510, INDEPENDENCE, OH 44131
Preparer
William F Wildenheim
Phone
2165248900
Raw XML Appendix373 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/ActivityOrMissionDesc01) TO ESTABLISH AN ORGANIZATION TO PROMOTE COOPERATIVE LIVING AT OBERLIN COLLEGE.2) TO PURCHASE, LEASE, OR ENTER INTO CONTRACTUAL OBLIGATIONS WITH OBERLIN COLLEGE FOR HOUSING AND FEEDING STUDENTS AND TO FURNISH SUCH FACILITIES AT ACTUAL COST.3) TO BUY FOOD AND OTHER SUPPLIES FOR ROOMING, DINING, LIVING AND STUDYING TO BE SOLD TO STUDENTS AT ACTUAL COST.4) TO BORROW MONEY AND ISSUE, SELL, OR PLEDGE BONDS, PROMISSORY NOTES OR DEBENTURES TO ACCOMPLISH THE ABOVE PURPOSES.5) TO ARRANGE AND PROVIDE FOR THE SOCIAL AND CULTURAL ENRICHMENT OF ITS MEMBERS AT ACTUAL COST.6) IN GENERAL, TO DO ALL THINGS NECESSARY TO FULLY ACCOMPLISH THE FOREGOING PURPOSES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TREASURER REVIEWS THE 990 FOR COMPLETENESS AND ACCURACY AND THE FINANCIAL MANAGER FILES THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS ARE 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 FURNISH A COPY OF THE 990, IT'S GOVERNING DOCUMENTS, AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION WILL PROVIDE PHOTOCOPIES OF THE REQUESTED DOCUMENTS IF NEEDED.
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 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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ReasonableCauseExplanation/ExplanationTxt0LATE FILED RETURN DUE TO CCH SOFTWARE OUTAGE
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA DOAN
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ReturnHeader/BusinessOfficerGrp/PhoneNum04407758108
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OBERLIN STUDENT COOPERATIVE
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ReturnHeader/FilingSecurityInformation/IPTm011:07:48
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04807 ROCKSIDE ROAD 510
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDEPENDENCE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd044131
ReturnHeader/PreparerPersonGrp/PhoneNum02165248900
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM F WILDENHEIM
ReturnHeader/ReturnTs02019-05-22T14:44:45-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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