Civic Intelligence

The Van Wert County Foundation

990 • Fiscal year 2014 • EIN 34-0907558

Jan 01, 2014 to Dec 31, 2014 • Filed on May 11, 2015

138 E Main StVan Wert, OH 45891

(419) 238-1743

Siviq Scores

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

Liabilities / Assets

4th percentile

0.00x

Higher debt load relative to assets than 4% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

5th percentile

0.01x

Higher debt load relative to revenue than 5% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Net Margin

95th percentile

67%

Higher net margin than 95% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

5th percentile

$57,276

Higher top officer pay than 5% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Asset Growth

79th percentile

14%

Faster asset growth than 79% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2012 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$54,344,877

Up $12,711,818 (+31%) from 2012

Net Assets

Up

$54,262,858

Up $12,724,010 (+31%) from 2012

Liabilities

Down

$82,019

Down $12,192 (-13%) from 2012

Revenue

$7,229,726

No earlier filing loaded for comparison.

Expenses

Up

$2,380,105

Up $376,404 (+19%) from 2012

Net Income

$4,849,621

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$100M$50M$0Assets 2012: $41,633,059Liabilities 2012: $94,211Net Assets 2012: $41,538,8482012Assets 2014: $54,344,877Liabilities 2014: $82,019Net Assets 2014: $54,262,8582014Assets 2015: $53,521,963Liabilities 2015: $17,786Net Assets 2015: $53,504,1772015Assets 2016: $55,229,740Liabilities 2016: $5,231Net Assets 2016: $55,224,5092016Assets 2017: $62,499,650Liabilities 2017: $5,658Net Assets 2017: $62,493,9922017Assets 2018: $57,929,788Liabilities 2018: $68,324Net Assets 2018: $57,861,4642018Assets 2019: $67,703,583Liabilities 2019: $326,658Net Assets 2019: $67,376,9252019Assets 2020: $75,300,533Liabilities 2020: $346,950Net Assets 2020: $74,953,5832020Assets 2021: $84,063,134Liabilities 2021: $2,978,105Net Assets 2021: $81,085,0292021Assets 2022: $72,768,008Liabilities 2022: $2,312,063Net Assets 2022: $70,455,9452022Assets 2023: $77,906,636Liabilities 2023: $2,432,730Net Assets 2023: $75,473,9062023Assets 2024: $85,540,758Liabilities 2024: $2,502,839Net Assets 2024: $83,037,9192024

Highlighted filing

2014

Assets$54,344,877
Liabilities$82,019
Net Assets$54,262,858

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2012: $2,003,7012012Revenue 2014: $7,229,726Expenses 2014: $2,380,105Net Income 2014: $4,849,6212014Revenue 2015: $7,558,482Expenses 2015: $2,624,377Net Income 2015: $4,934,1052015Revenue 2016: $2,504,034Expenses 2016: $3,164,338Net Income 2016: -$660,3042016Revenue 2017: $4,938,768Expenses 2017: $3,432,238Net Income 2017: $1,506,5302017Revenue 2018: $3,414,457Expenses 2018: $3,460,568Net Income 2018: -$46,1112018Revenue 2019: $9,870,938Expenses 2019: $3,357,086Net Income 2019: $6,513,8522019Revenue 2020: $5,938,417Expenses 2020: $3,992,876Net Income 2020: $1,945,5412020Revenue 2021: $5,243,606Expenses 2021: $5,388,017Net Income 2021: -$144,4112021Revenue 2022: $4,303,175Expenses 2022: $4,384,097Net Income 2022: -$80,9222022Revenue 2023: $4,520,208Expenses 2023: $5,348,478Net Income 2023: -$828,2702023Revenue 2024: $12,731,957Expenses 2024: $5,887,737Net Income 2024: $6,844,2202024

Highlighted filing

2014

Revenue$7,229,726
Expenses$2,380,105
Net Income$4,849,621
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 11, 2015
Return Version
2014v5.0
Gross Receipts
$20,658,278
Mission and Program Overview

Mission

The mission is to receive and invest contributions to further the mental, moral, intellectual or physical welfare and advancement of citizens of van wert county, ohio and such other areas as directed by a donor.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$51,292,476$54,262,858▲ $2,970,382
Investments in Publicly Traded Securities$43,085,639$45,000,345▲ $1,914,706
Land, Buildings, and Equipment, Net$5,938,041$6,218,124▲ $280,083
Savings and Temporary Cash Investments$811,306$1,493,374▲ $682,068
Investments Other Securities$1,212,764$1,203,182▼ $9,582
Cash and Non-Interest-Bearing Accounts$298,670$407,138▲ $108,468
Other Notes and Loans Receivable, Net$3,384--
Total Assets$51,375,549$54,344,877▲ $2,969,328
Other Assets Total$25,745$22,714▼ $3,031
Liabilities
Other Liabilities$81,161$81,161→ $0
Accounts Payable and Accrued Expenses$1,912$858▼ $1,054
Total Liabilities$83,073$82,019▼ $1,054
Net Assets / Fund Balance
Total Net Assets Fund Balance$51,292,476$54,262,858▲ $2,970,382
Total Liabilities and Net Assets / Fund Balance$51,375,549$54,344,877▲ $2,969,328

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,820,520$230,827$2,051,347
Land$4,123,140-$351,863
Equipment$8,473$28,336$36,809
Leasehold Improvements$265,991$383,962-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$50,194,171$2,522,374▲ $2,977,384$42,758$53,667,629
2013$40,815,748$3,862,834▲ $7,293,171$14,682$50,194,171
2012$37,275,393$439,890▲ $4,692,254$10,456$40,815,748
2011$36,851,396$1,637,816▲ $185,974$10,968$37,275,393
2010$32,789,703$1,061,861▲ $4,281,222$10,938$36,851,396
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Seth BakerExec SecFT$50,750$6,526$57,276
Larry L WendelExec SecPT$38,554$6,450$45,004

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Alexander & BeboutConstruction10098 LINCOLN HIGHWAY, Van Wert, OH 45891$281,645
Revenue and Support

Revenue Composition

Contributions and Grants
$2,751,216
Program Service Revenue
$0
Investment Income
$4,010,169
Other Revenue
$468,341
All Other Contributions
$1,302,215
Change in Net Assets
$4,849,621

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
Real Estate Residential1$86,057Sold Soon After Donation
Total Noncash Contributions1$86,057-

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,229,726
Revenue Not Reported on Form 990
$-1,175,136
Total Revenue per Audited Statements
$6,054,590
Total Revenue per Form 990
$7,229,726
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,838,012
Other Expenses$297,983
Salaries, Compensation, and Employee Benefits$244,110
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,194,300--$1,194,300
Grants to Domestic Individuals$643,712--$643,712
Fees for Service Investment Mgmnt Fees-$156,399-$156,399
Other Salaries and Wages$17,778$76,878-$94,656
Current Officers, Directors, Trustees, and Key Employees$13,396$75,908-$89,304
Depreciation Depletion$42,758$7,572-$50,330
Fees for Services Accounting-$43,236-$43,236
Other Employee Benefits$6,282$29,583-$35,865
Payroll Taxes$2,547$12,484-$15,031
Pension Plan Contributions$1,567$7,687-$9,254
Insurance-$9,229-$9,229
Office Expenses-$7,786-$7,786
Occupancy-$6,859-$6,859
Travel-$3,894-$3,894
Advertising-$1,840-$1,840
Other Expenses-$949-$949
All Other Expenses-$637-$637
Fees for Services Legal-$50-$50
Total Functional Expenses$1,922,340$457,765$0$2,380,105

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,380,105
Total Expenses per Audited Statements$2,380,105
Total Expenses per Form 990$2,380,105
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Wassenburg Art CenterVan Wert, OH3Operation of Art Ctr$144,754
Van Wert County HospitalVan Wert, OHGovGeneral$120,540
Vantage Career CenterVan Wert, OHGovGed Test, Educ Prog$86,110
First Presbyterian ChurchVan Wert, OH3General Use$83,645
Van Wert Area Performing Arts CtrVan Wert, OH3Operational Grant$75,000
Van Wert Co Agricultural SocietyVan Wert, OH3Rabbit Barn$68,375
City of Van Wert-fire DeptVan Wert, OHGovSmoke Detectors$49,993
YmcaVan Wert, OH3General Use$43,150
YwcaVan Wert, OH3General$33,785
Van Wert Area Performing Arts CtrVan Wert, OH3Operational Purposes$31,138
YmcaVan Wert, OH3Bldg & Camp Clay$25,000
YwcaVan Wert, OH3Housing Program$25,000
Van Wert Co Agricultural SocietyVan Wert, OH3Bldg & Bldg Repairs$23,000
Van Wert City SchoolsVan Wert, OHGovGeneral Use$21,750
Van Wert County TreasurerVan Wert, OHGovParks$21,000
Culver Educational FoundationCulver, IN3Scholarship Grant$19,940
The Brumback LibraryVan Wert, OHGovGeneral Use$16,765
Van Wert City SchoolsVan Wert, OHGovNeedy Children$16,533
Family Health Care of Northwest OhVan Wert, OH3Building$15,000
Van Wert City SchoolsVan Wert, OHGovTennis Complex$14,000
Wassenburg Art CenterVan Wert, OH3Armory Renovation$12,666
First United Methodist ChurchVan Wert, OH3General & Recitals$11,510
Van Wert Service ClubVan Wert, OH4Scholarships/banquet$10,953
Van Wert Recreational & Parks DeptVan Wert, OHGovHiestand Woods$10,419
Van Wert Council on AgingVan Wert, OH3Building Campaign$10,000
Pleasant Township CemetaryVan Wert, OHGovMaintenance$9,970
Sigma Chi FoundationsEvanston, IL3General Use$9,970
Osu Extension of Van Wert CountyVan Wert, OHGovAg Testing$9,500
Osu Extension of Van Wert CountyVan Wert, OHGov4-h Youth Dev/intern$8,600
Van Wert Soil & Water ConservationVan Wert, OH3Edu Prog,water Study$7,000
Van Wert Co Historical SocietyVan Wert, OH3General Use$5,610
Lincolnview Local SchoolsVan Wert, OHGovMusic Programs$5,500
Wassenburg Art CenterVan Wert, OH3Awards$5,025
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
Deferred Real Estate Damages$73,606
Due to Wright Trust$7,555
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Page 6, Part VI, Line 2

Bruce kennedy larry greve business relationship andy czajkowski brian renner business relationship mike cross brian renner business relationship paul svabik brian renner business relationship charles koch gary clay business relationship michael zedaker gary clay business relationship michael gearhart gary clay business relationship

Form 990, Page 6, Part VI, Line 11B

A copy of the 990 was provided to the executive secretary prior to filing. Before filing the 990, the executive secretary reviews the 990 with the cpa in detail. A general review is performed at the board meeting in june by the full governing board.

Form 990, Page 6, Part VI, Line 12C

Each trustee, principal officer and member of a committee to whom the board of trustees has delegated powers annually signs a statement that affirms that such person has received a copy of the policy, has read and understands the policy, has agreed to comply with the policy, and understands that the foundation is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. Compliance is monitored at least annually. Disciplinary and corrective action is taken for any violations of the conflict of interest policy.

Form 990, Page 6, Part VI, Line 15A

The executive committee reviews the performances and salaries of all employees and recommends any salary adjustments to the board of trustees. Any salary ajustments are approved by the board of trustees.

Form 990, Page 6, Part VI, Line 19

The foundation's tax return, governing documents, financial statements, and conflict of interest policy are available for review upon request to the trustees or executive secretary. Copies are made if requested.

Filing and Contact Details

Filer

Filer Name
The Van Wert County Foundation
EIN
34-0907558
Phone
4192381743
Address
138 E MAIN ST, VAN WERT, OH 45891

Signing Officer

Name
Seth Baker
Title
Executive Secretary
Phone
4192381743
Signed
2015-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Seth Baker
Formed
1925
Legal Domicile
Oh
Voting Board Members
15
Independent Board Members
15
Employees
6

Preparer

Firm
Bashore Reineck Stoller & Waterman Inc
Address
685 FOX ROAD SUITE 101, VAN WERT, OH 45891
Preparer
Gloria a Waterman
Phone
4192380658
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Change in value of charitable remainder trusts 173,050

Form 990, Part XI, Line 9

Change in value of crt not in 990 (see sch d) 173,050

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 1B

The van wert county foundation is the trustee for five charitable remainder trusts. The foundation has a significant remainder interest in each of the charitable remainder trusts. Each charitable remainder trust files its own federal tax form 5227 or form 1041.

Schedule D, Page 2, Part V, Line 4

Endowment funds are invested so that the income can be used to further the mental, moral, intellectual or physical welfare and advancement of citizens of van wert county, ohio and such other areas as directed by donors.

Schedule D, Page 4, Part XI, Line 2D

Change in value of charitable remainder trusts 173,050

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