Civic Intelligence

Oberlin Student Cooperative Association

990 • Fiscal year 2023 • EIN 34-0906297

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

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

67th percentile

0.33x

Higher debt load relative to assets than 67% of similar nonprofits.

2023 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

40th percentile

0.13x

Higher debt load relative to revenue than 40% of similar nonprofits.

2023 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2023

Net Margin

16th percentile

-8.6%

Higher net margin than 16% of similar nonprofits.

2023 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

82nd percentile

$6,288

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2023 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2023

Asset Growth

4th percentile

-17%

Faster asset growth than 4% of similar nonprofits.

2023 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

17th percentile

-7.5%

Faster revenue growth than 17% of similar nonprofits.

2023 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$1,065,472

Down $216,693 (-17%) from 2022

Net Assets

Down

$709,003

Down $245,574 (-26%) from 2022

Liabilities

Up

$356,469

Up $28,881 (+8.8%) from 2022

Revenue

Down

$2,846,291

Down $232,427 (-7.5%) from 2022

Expenses

Up

$3,091,865

Up $14,021 (+0.5%) from 2022

Net Income

Down

-$245,574

Down $246,448 (-28198%) from 2022

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: $954,5772022Assets 2023: $1,065,472Liabilities 2023: $356,469Net Assets 2023: $709,0032023

Highlighted filing

2023

Assets$1,065,472
Liabilities$356,469
Net Assets$709,003

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: $8742022Revenue 2023: $2,846,291Expenses 2023: $3,091,865Net Income 2023: -$245,5742023

Highlighted filing

2023

Revenue$2,846,291
Expenses$3,091,865
Net Income-$245,574
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$2,846,291
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$1,038,141$865,213▼ $172,928
Accounts Receivable$142,224$95,082▼ $47,142
Other Notes and Loans Receivable, Net$85,803$85,803→ $0
Inventories for Sale or Use$11,115$15,044▲ $3,929
Prepaid Expenses and Deferred Charges$4,689$4,215▼ $474
Investments Other Securities$115$115→ $0
Land, Buildings, and Equipment, Net$78$0▼ $78
Total Assets$1,282,165$1,065,472▼ $216,693
Liabilities
Accounts Payable and Accrued Expenses$294,717$293,434▼ $1,283
Other Liabilities$32,871$63,035▲ $30,164
Total Liabilities$327,588$356,469▲ $28,881
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$954,577$709,003▼ $245,574
Total Net Assets Fund Balance$954,577$709,003▼ $245,574
Total Liabilities and Net Assets / Fund Balance$1,282,165$1,065,472▼ $216,693

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$35,473$35,473
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Hannah HumphreyTreasurerPT$6,288$6,288
Nicole ChasePresidentPT$4,138$4,138
Kerensa FuMembershipPT$3,600$3,600
Lydia MalkemusChairPT$3,600$3,600
Revenue and Support

Revenue Composition

Contributions and Grants
$53,165
Program Service Revenue
$2,782,132
Investment Income
$8,696
Other Revenue
$2,298
All Other Contributions
$3,165
Change in Net Assets
$-245,574
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,604,310
Salaries, Compensation, and Employee Benefits$487,555
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$2,184,307--$2,184,307
Other Salaries and Wages$180,181$28,800-$208,981
Current Officers, Directors, Trustees, and Key Employees$44,609$63,237-$107,846
Other Employee Benefits$66,012$27,756-$93,768
Pension Plan Contributions$33,575$14,611-$48,186
Payroll Taxes$5,755$23,019-$28,774
All Other Expenses$22,875--$22,875
Other Expenses$21,860--$21,860
Fees for Services Legal$5,820--$5,820
Office Expenses$4,748--$4,748
Insurance$3,921--$3,921
Conferences and Meetings$3,135--$3,135
Fees for Services Other$1,014--$1,014
Depreciation Depletion$81--$81
Total Functional Expenses$2,934,442$157,423$0$3,091,865
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
Member Advance Deposits$40,480
Payroll Liabilities$22,555
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicole Chase
Formed
1962
Legal Domicile
Oh
Voting Board Members
4
Independent Board Members
0
Employees
57
Volunteers
0

Preparer

Firm
Hobe & Lucas Cpas
Address
4807 ROCKSIDE ROAD 510, INDEPENDENCE, OH 44131
Preparer
William F Wildenheim
Phone
2165248900
Raw XML Appendix376 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
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0OBERLIN STUDENT COOPERATIVE ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0OSCA FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0341538724
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO PROVIDE CULTURAL AND SOCIAL ENRICHMENT TO STUDENTS OF OBERLIN COLLEGE.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0509(A)(2)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 118
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0OBERLIN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0440740118
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt050000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0OSCA FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01282165
IRS990/TotalAssetsEOYAmt01065472
IRS990/TotalAssetsGrp/BOYAmt01282165
IRS990/TotalAssetsGrp/EOYAmt01065472
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt053165
IRS990/TotalEmployeeCnt057
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0157423
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02934442
IRS990/TotalFunctionalExpensesGrp/TotalAmt03091865
IRS990/TotalGrossUBIAmt08696
IRS990/TotalLiabilitiesBOYAmt0327588
IRS990/TotalLiabilitiesEOYAmt0356469
IRS990/TotalLiabilitiesGrp/BOYAmt0327588
IRS990/TotalLiabilitiesGrp/EOYAmt0356469
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0954577
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0709003
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02934442
IRS990/TotalProgramServiceRevenueAmt02782132
IRS990/TotalReportableCompFromOrgAmt017626
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02784430
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02846291
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt08696
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01282165
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01065472
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 118
IRS990/USAddress/CityNm0OBERLIN
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd0440740118
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA DOAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FINANCIAL MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum04407758108
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OBERLIN STUDENT COOPERATIVE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0OBER
ReturnHeader/Filer/EIN0340906297
ReturnHeader/Filer/PhoneNum04407758108
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 118
ReturnHeader/Filer/USAddress/CityNm0OBERLIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd0440740118
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0311488076
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HOBE & LUCAS CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04807 ROCKSIDE ROAD 510
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDEPENDENCE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd044131
ReturnHeader/PreparerPersonGrp/PhoneNum02165248900
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM F WILDENHEIM
ReturnHeader/ReturnTs02024-05-15T14:17:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LINDA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DOAN
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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