Civic Intelligence

Famicos Foundation Inc.

990 • Fiscal year 2015 • EIN 34-1053534

Jan 01, 2015 to Dec 31, 2015 • Filed on Sep 29, 2016

1325 Ansel RoadCleveland, OH 44106

(216) 791-6476

Siviq Scores

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

Liabilities / Assets

67th percentile

0.46x

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

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

93rd percentile

4.05x

Higher debt load relative to revenue than 93% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Net Margin

26th percentile

-1.4%

Higher net margin than 26% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

32nd percentile

$180,663

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Asset Growth

45th percentile

0.7%

Faster asset growth than 45% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

7th percentile

-33%

Faster revenue growth than 7% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Assets

Up

$44,359,980

Up $315,067 (+0.7%) from 2014

Net Assets

Down

$23,963,783

Down $88,427 (-0.4%) from 2014

Liabilities

Up

$20,396,197

Up $403,494 (+2.0%) from 2014

Revenue

Down

$5,030,644

Down $2,435,110 (-33%) from 2014

Expenses

Up

$5,100,646

Up $160,328 (+3.2%) from 2014

Net Income

Down

-$70,002

Down $2,595,438 (-103%) from 2014

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2012: $40,689,875Liabilities 2012: $19,763,094Net Assets 2012: $20,926,7812012Assets 2013: $41,343,714Liabilities 2013: $19,816,940Net Assets 2013: $21,526,7742013Assets 2014: $44,044,913Liabilities 2014: $19,992,703Net Assets 2014: $24,052,2102014Assets 2015: $44,359,980Liabilities 2015: $20,396,197Net Assets 2015: $23,963,7832015Assets 2016: $47,525,460Liabilities 2016: $20,808,915Net Assets 2016: $26,716,5452016Assets 2017: $48,732,213Liabilities 2017: $18,887,842Net Assets 2017: $29,844,3712017Assets 2018: $48,651,666Liabilities 2018: $18,854,472Net Assets 2018: $29,797,1942018Assets 2019: $50,211,785Liabilities 2019: $19,589,041Net Assets 2019: $30,622,7442019Assets 2020: $52,558,357Liabilities 2020: $19,925,330Net Assets 2020: $32,633,0272020Assets 2021: $56,363,268Liabilities 2021: $19,608,764Net Assets 2021: $36,754,5042021Assets 2022: $56,405,008Liabilities 2022: $21,536,974Net Assets 2022: $34,868,0342022Assets 2023: $53,613,225Liabilities 2023: $21,345,920Net Assets 2023: $32,267,3052023Assets 2024: $52,192,643Liabilities 2024: $21,543,870Net Assets 2024: $30,648,7732024

Highlighted filing

2015

Assets$44,359,980
Liabilities$20,396,197
Net Assets$23,963,783

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2012: $4,519,9462012Revenue 2013: $7,131,887Expenses 2013: $4,871,779Net Income 2013: $2,260,1082013Revenue 2014: $7,465,754Expenses 2014: $4,940,318Net Income 2014: $2,525,4362014Revenue 2015: $5,030,644Expenses 2015: $5,100,646Net Income 2015: -$70,0022015Revenue 2016: $7,479,918Expenses 2016: $4,789,711Net Income 2016: $2,690,2072016Revenue 2017: $7,676,278Expenses 2017: $4,624,264Net Income 2017: $3,052,0142017Revenue 2018: $4,403,006Expenses 2018: $5,580,818Net Income 2018: -$1,177,8122018Revenue 2019: $6,359,364Expenses 2019: $5,733,447Net Income 2019: $625,9172019Revenue 2020: $10,831,924Expenses 2020: $9,008,010Net Income 2020: $1,823,9142020Revenue 2021: $13,331,115Expenses 2021: $9,511,458Net Income 2021: $3,819,6572021Revenue 2022: $8,009,815Expenses 2022: $9,896,285Net Income 2022: -$1,886,4702022Revenue 2023: $8,850,923Expenses 2023: $11,451,652Net Income 2023: -$2,600,7292023Revenue 2024: $9,588,376Expenses 2024: $11,206,908Net Income 2024: -$1,618,5322024

Highlighted filing

2015

Revenue$5,030,644
Expenses$5,100,646
Net Income-$70,002
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Sep 29, 2016
Return Version
2015v2.0
Gross Receipts
$5,030,644
Mission and Program Overview

Mission

To improve the quality of life in greater cleveland through neighborhood revitalization, affordable housing and integrated social services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$23,809,008$23,449,888▼ $359,120
Land, Buildings, and Equipment, Net$1,997,707$1,933,032▼ $64,675
Investments in Publicly Traded Securities$1,648,976$1,630,551▼ $18,425
Accounts Receivable$1,188,765$720,952▼ $467,813
Cash and Non-Interest-Bearing Accounts$932,598$699,337▼ $233,261
Savings and Temporary Cash Investments$1,098,784$542,434▼ $556,350
Pledges and Grants Receivable$60,431$437,721▲ $377,290
Prepaid Expenses and Deferred Charges$3,169$5,236▲ $2,067
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$44,044,913$44,359,980▲ $315,067
Other Assets Total$13,305,475$14,940,829▲ $1,635,354
Liabilities
Mortgage Notes Payable Secured by Investment Property$16,760,312$16,798,568▲ $38,256
Deferred Revenue$1,627,149$2,062,480▲ $435,331
Other Liabilities$1,174,455$1,305,147▲ $130,692
Accounts Payable and Accrued Expenses$430,787$230,002▼ $200,785
Total Liabilities$19,992,703$20,396,197▲ $403,494
Net Assets / Fund Balance
Unrestricted Net Assets$23,409,477$23,366,425▼ $43,052
Temporarily Rstr Net Assets$642,733$597,358▼ $45,375
Total Net Assets Fund Balance$24,052,210$23,963,783▼ $88,427
Total Liabilities and Net Assets / Fund Balance$44,044,913$44,359,980▲ $315,067

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,858,996$808,631$2,667,627
Other Land Buildings$27,536$46,272$73,808
Land$46,500-$46,500
Other Assets Org$9,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John O AnoliefoExecutive DirectorFT$151,036$29,627$180,663
Joseph H Weiss JrTrustee-$12,000-$12,000

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Urban Partners INCMaster Plan Consult.325 CHESTNUT ST 506, Philadelphia, PA 19106$123,662
Revenue and Support

Revenue Composition

Contributions and Grants
$2,824,290
Program Service Revenue
$1,594,252
Investment Income
$582,102
Other Revenue
$30,000
All Other Contributions
$1,068,148
Change in Net Assets
$-70,002
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,281,232
Salaries, Compensation, and Employee Benefits$1,819,414
Total Fundraising Expense$140,818
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,092,695$99,131$79,397$1,271,223
Fees for Services Other$277,061$42,381$520$319,962
Interest$210,078$2,577-$212,655
Current Officers, Directors, Trustees, and Key Employees-$192,663-$192,663
Other Employee Benefits$150,623$30,704$6,096$187,423
Fees for Services Accounting-$176,705-$176,705
Payroll Taxes$115,486$8,429$7,532$131,447
All Other Expenses$61,466$60,007$341$121,814
Depreciation Depletion$70,811$25,997-$96,808
Occupancy$92,263--$92,263
Office Expenses$23,620$38,466$83$62,169
Other Expenses$161,696$3,425$39,990$39,990
Pension Plan Contributions$29,460$6,005$1,193$36,658
Fees for Services Legal-$35,870-$35,870
Fees for Service Investment Mgmnt Fees$13,070$14,888-$27,958
Insurance$2,688$20,180-$22,868
Advertising$4,038$12,607$80$16,725
Travel$6,766$2,853$8$9,627
Total Functional Expenses$4,169,794$790,034$140,818$5,100,646
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

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Deferred Interest$1,292,292
Security Deposits$12,855
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
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Joseph h. Weiss, jr. And john j. Weiss - family relationship

Form 990, Part VI, Line 11B: Form 990 Review Process

The finance committee and the consultant controller of famicos review the annual return before it is filed.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

the Executive Committee performs an annual review of the Executive Director and determines the position's compensation.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Appropriate information is made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Famicos Foundation
EIN
34-1053534
Phone
2167916476
Address
1325 ANSEL ROAD, CLEVELAND, OH 44106

Signing Officer

Name
John O Anoliefo
Title
Executive Director
Signed
2016-09-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John O Anoliefo
Formed
1970
Legal Domicile
Oh
Voting Board Members
14
Independent Board Members
13
Employees
46
Volunteers
65

Preparer

Firm
Kpff LLC
Address
24500 CHAGRIN BLVD STE 315, BEACHWOOD, OH 44122
Preparer
Howard N Kopit
Phone
2162926120
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The corporation has adopted the accounting guidance for uncertainty in income taxes. The corporation's income tax filings are subject to audit by various taxing authorities. In evaluating its activities, the corporation believes its position of tax-exempt status is current based on current facts & circumstances. The corporation has assessed that there are no activities unrelated to its purpose and, therefore, no tax is to be recognized.it is the policy of the corporation to include in operating expenses penalties & interest assessed by income taxing authorities. There are no penalties or interest from taxing authorities included in operating expenses for the year ended december 31, 2015.

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $25M-$50M nonprofits