Civic Intelligence

Salem Community Foundation Inc.

990 • Fiscal year 2015 • EIN 34-1001130

Jan 01, 2015 to Dec 31, 2015 • Filed on Mar 31, 2016

PO Box 553Salem, OH 44460

(330) 332-4021

Siviq Scores

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

Liabilities / Assets

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

85th percentile

31%

Higher net margin than 85% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

76th percentile

9.9%

Faster asset growth than 76% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

95th percentile

99%

Faster revenue growth than 95% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$21,531,490

Up $1,931,597 (+9.9%) from 2014

Net Assets

Up

$21,531,490

Up $1,931,597 (+9.9%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Up

$6,296,374

Up $3,125,040 (+99%) from 2014

Expenses

Up

$4,364,777

Up $2,742,262 (+169%) from 2014

Net Income

Up

$1,931,597

Up $382,778 (+25%) from 2014

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $15,000,766Liabilities 2010: $600Net Assets 2010: $15,000,1662010Assets 2011: $15,392,145Liabilities 2011: $0Net Assets 2011: $15,392,1452011Assets 2012: $16,427,389Liabilities 2012: $4,228Net Assets 2012: $16,423,1612012Assets 2013: $18,051,074Liabilities 2013: $0Net Assets 2013: $18,051,0742013Assets 2014: $19,599,893Liabilities 2014: $0Net Assets 2014: $19,599,8932014Assets 2015: $21,531,490Liabilities 2015: $0Net Assets 2015: $21,531,4902015Assets 2016: $22,989,636Liabilities 2016: $0Net Assets 2016: $22,989,6362016Assets 2018: $27,394,673Liabilities 2018: $0Net Assets 2018: $27,394,6732018Assets 2019: $30,761,504Liabilities 2019: $0Net Assets 2019: $30,761,5042019Assets 2021: $38,100,442Liabilities 2021: $6,801Net Assets 2021: $38,093,6412021Assets 2022: $39,149,977Liabilities 2022: $2,219Net Assets 2022: $39,147,7582022

Highlighted filing

2015

Assets$21,531,490
Liabilities$0
Net Assets$21,531,490

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2010: $951,7762010Expenses 2011: $1,102,4182011Expenses 2012: $851,8982012Revenue 2013: $2,531,903Expenses 2013: $903,990Net Income 2013: $1,627,9132013Revenue 2014: $3,171,334Expenses 2014: $1,622,515Net Income 2014: $1,548,8192014Revenue 2015: $6,296,374Expenses 2015: $4,364,777Net Income 2015: $1,931,5972015Revenue 2016: $3,111,175Expenses 2016: $1,653,029Net Income 2016: $1,458,1462016Revenue 2018: $3,782,388Expenses 2018: $1,907,148Net Income 2018: $1,875,2402018Revenue 2019: $5,186,526Expenses 2019: $1,819,695Net Income 2019: $3,366,8312019Revenue 2021: $6,571,068Expenses 2021: $1,799,808Net Income 2021: $4,771,2602021Revenue 2022: $3,456,677Expenses 2022: $2,402,560Net Income 2022: $1,054,1172022

Highlighted filing

2015

Revenue$6,296,374
Expenses$4,364,777
Net Income$1,931,597
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Mar 31, 2016
Return Version
2015v2.1
Gross Receipts
$8,516,695
Mission and Program Overview

Mission

To improve the quality of life in Salem and the immediate area

Betterment of the local community by disbursement of grants to a variety of organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$19,597,428$21,529,374▲ $1,931,946
Cap Stk Tr Prin Current Funds$15,305,473$18,805,996▲ $3,500,523
Rtn Earn Endowment Incm Other Fnds$4,294,420$2,725,494▼ $1,568,926
Land, Buildings, and Equipment, Net$2,254$1,844▼ $410
Cash and Non-Interest-Bearing Accounts$211$272▲ $61
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$19,599,893$21,531,490▲ $1,931,597
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$19,599,893$21,531,490▲ $1,931,597
Total Liabilities and Net Assets / Fund Balance$19,599,893$21,531,490▲ $1,931,597

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,844$1,909$3,753

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$5,505,232$315,482▲ $377,034-$6,057,772
2014$4,818,930$45,805▲ $578,686-$5,505,232
2013$4,262,999$69,599▲ $577,921-$4,818,930
2012$3,988,489$65,041▲ $271,532-$4,262,999
2011$3,761,012$41,175▲ $276,351-$3,988,489
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$5,104,801
Program Service Revenue
$0
Investment Income
$1,191,573
Other Revenue
$0
All Other Contributions
$5,104,801
Change in Net Assets
$1,931,597
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,243,485
Other Expenses$121,292
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,243,485--$4,243,485
Fees for Service Investment Mgmnt Fees$31,690$31,689-$63,379
Fees for Services Accounting$21,246$21,246-$42,492
Office Expenses$4,054$4,053-$8,107
Insurance-$3,877-$3,877
Occupancy-$920-$920
Depreciation Depletion$205$205-$410
Advertising-$354-$354
Other Expenses$751$250-$250
Total Functional Expenses$4,301,431$63,346$0$4,364,777
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Salem Community Center Association IncSalem, OH501(c)3Operating expenses, additions and bond payments$3,370,284
Kent State University FoundationKent, OH501(c)3Scholarship dollars and Rural Scholars Program$55,225
United Way of Northern Columbiana CountySalem, OH501(c)3Supports 22 agencies within Northern Columbiana County$20,000
Church Women UnitedSalem, OH501(c)3Back-to-school clothing for needy children$15,000
Salem Regional Medical CenterSalem, OH501(c)3Building Project - Cancer Care Center$10,000
Sophia Women's CenterSalem, OH501(c)3Furniture and equipment$9,331
Salem Area Chamber of CommerceSalem, OH501(c)6Holiday decorations$7,439
Salem Community TheatreSalem, OH501(c)3Interior repairs of the theatre$7,142
Burchfield Homestead SocietySalem, OH501(c)3Painting and repair to Burchfield Museum exterior$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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Gary MoffettTreasurerMr. Moffett's daughter provides subcontract clerical assistance and receives payment from the organization recorded as Accounting on form 990 Part IX Page 10.No$40,062
Robert S McCulloch IIIVice PresidentThe Organization has approximately .07% of its investments held by a firm where Mr. McCulloch is an investment advisor.No$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
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 A, line 2

Directors Robert S. McCulloch III and Deborah B. McCulloch are husband and wife.

Form 990, Part VI, Section B, line 11

Each board member receives an emailed copy of the 990 for review and comment prior to filing the return.

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

Individual transactions are monitored so as not to enter into a conflict of interest transaction.

Form 990, Part VI, Section C, line 19

The foundation's governing documents and financial statements are available for public review at the office of the foundation on most weekday mornings.

Filing and Contact Details

Filer

Filer Name
Salem Community Foundation Inc
EIN
34-1001130
Phone
3303324021
Address
PO Box 553, SALEM, OH 44460

Signing Officer

Name
John E Tonti
Title
President
Phone
3303324021
Signed
2016-03-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John E Tonti
Formed
1966
Legal Domicile
Oh
Voting Board Members
17
Independent Board Members
16
Employees
0
Volunteers
17

Preparer

Firm
Hack Steer & Company LLC
Address
314 East Second Street, Salem, OH 44460
Preparer
Roger E Hack CPA
Phone
3303378713
Supplemental Narrative

Financial Statement Notes

Part V, Line 4:

The Organization's endowment funds are to be used for the arts and humanities, education, human services and public and community services in alignment with the organization's purpose of the betterment of the community.

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IRS990/OccupancyGrp/TotalAmt0920
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04053
IRS990/OfficeExpensesGrp/ProgramServicesAmt04054
IRS990/OfficeExpensesGrp/TotalAmt08107
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Telephone
IRS990/OtherExpensesGrp/Desc1Ohio Attorney General f
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0752
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1250
IRS990/OtherExpensesGrp/ProgramServicesAmt0751
IRS990/OtherExpensesGrp/TotalAmt01503
IRS990/OtherExpensesGrp/TotalAmt1250
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0John E Tonti
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01051933
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01517075
IRS990/PYInvestmentIncomeAmt02119401
IRS990/PYOtherExpensesAmt0105440
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01548819
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01622515
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03171334
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01931597
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04294420
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02725494
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt05104801
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01051933
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0800655
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01005214
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0680055
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt08642658
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0819196
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0785307
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0461006
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0491017
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0319507
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02876033
IRS990ScheduleA/PublicSupportCY170Pct00.61310
IRS990ScheduleA/PublicSupportPY170Pct00.66760
IRS990ScheduleA/PublicSupportTotal170Amt07062024
IRS990ScheduleA/SubstantialContributorsTotAmt01580634
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt05104801
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01051933
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0800655
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01005214
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0680055
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08642658
IRS990ScheduleA/TotalSupportAmt011518691
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.38100
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt011473
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt05505232
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0315482
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt06057772
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0128503
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0377034
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt018886
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt04818930
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt045805
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt05505232
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt080697
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0578686
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt011096
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt04262999
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt069599
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt04818930
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt080493
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0577921
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt011623
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt03988489
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt065041
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt04262999
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt050440
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0271532
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt010465
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt03761012
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt041175
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt03988489
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt079584
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0276351
IRS990ScheduleD/DisclosedForCharitablePrpsInd01
IRS990ScheduleD/DisclosedOrgLegCtrlInd01
IRS990ScheduleD/DonorAdvisedFundsContriAmt0394182
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt0137503
IRS990ScheduleD/DonorAdvisedFundsHeldCnt070
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt010775588
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt01844
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01909
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03753
IRS990ScheduleD/FundsAndOtherAccountsContriAmt04744
IRS990ScheduleD/FundsAndOtherAccountsGrantsAmt01079078
IRS990ScheduleD/FundsAndOtherAccountsHeldCnt030
IRS990ScheduleD/FundsAndOtherAccountsVlEOYAmt0415439
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.61900
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization's endowment funds are to be used for the arts and humanities, education, human services and public and community services in alignment with the organization's purpose of the betterment of the community.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01844
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt05250
IRS990ScheduleI/RecipientTable/CashGrantAmt115000
IRS990ScheduleI/RecipientTable/CashGrantAmt220000
IRS990ScheduleI/RecipientTable/CashGrantAmt33370284
IRS990ScheduleI/RecipientTable/CashGrantAmt455225
IRS990ScheduleI/RecipientTable/CashGrantAmt510000
IRS990ScheduleI/RecipientTable/CashGrantAmt67439
IRS990ScheduleI/RecipientTable/CashGrantAmt79331
IRS990ScheduleI/RecipientTable/CashGrantAmt87142
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(c)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(c)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501(c)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501(c)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc6501(c)6

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