Civic Intelligence

Wayne County Community Foundation

990 • Fiscal year 2016 • EIN 34-1281026

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 17, 2016

517 N Market StreetWooster, OH 44691

(330) 262-3877

Siviq Scores

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

Liabilities / Assets

34th percentile

0.16x

Higher debt load relative to assets than 34% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

79th percentile

1.54x

Higher debt load relative to revenue than 79% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Net Margin

16th percentile

-10%

Higher net margin than 16% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

5th percentile

$88,142

Higher top officer pay than 5% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Asset Growth

13th percentile

-5.9%

Faster asset growth than 13% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

25th percentile

-6.7%

Faster revenue growth than 25% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Assets

Down

$55,406,994

Down $3,484,296 (-5.9%) from 2015

Net Assets

Down

$46,400,037

Down $3,149,363 (-6.4%) from 2015

Liabilities

Down

$9,006,957

Down $334,933 (-3.6%) from 2015

Revenue

Down

$5,834,429

Down $419,239 (-6.7%) from 2015

Expenses

Up

$6,441,015

Up $2,474,840 (+62%) from 2015

Net Income

Down

-$606,586

Down $2,894,079 (-127%) from 2015

Historical Trend

Balance Sheet Trend

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

$200M$150M$100M$50M$0Assets 2014: $57,590,405Liabilities 2014: $8,534,086Net Assets 2014: $49,056,3192014Assets 2015: $58,891,290Liabilities 2015: $9,341,890Net Assets 2015: $49,549,4002015Assets 2016: $55,406,994Liabilities 2016: $9,006,957Net Assets 2016: $46,400,0372016Assets 2017: $64,546,101Liabilities 2017: $10,244,135Net Assets 2017: $54,301,9662017Assets 2018: $77,268,119Liabilities 2018: $11,961,613Net Assets 2018: $65,306,5062018Assets 2019: $84,933,263Liabilities 2019: $12,086,797Net Assets 2019: $72,846,4662019Assets 2020: $99,641,698Liabilities 2020: $12,998,840Net Assets 2020: $86,642,8582020Assets 2021: $126,248,009Liabilities 2021: $17,152,255Net Assets 2021: $109,095,7542021Assets 2022: $110,981,023Liabilities 2022: $14,924,044Net Assets 2022: $96,056,9792022Assets 2023: $121,593,936Liabilities 2023: $16,021,162Net Assets 2023: $105,572,7742023Assets 2024: $136,879,144Liabilities 2024: $18,908,496Net Assets 2024: $117,970,6482024Assets 2025: $156,431,193Liabilities 2025: $24,539,600Net Assets 2025: $131,891,5932025

Highlighted filing

2016

Assets$55,406,994
Liabilities$9,006,957
Net Assets$46,400,037

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2014: $4,024,049Expenses 2014: $2,848,360Net Income 2014: $1,175,6892014Revenue 2015: $6,253,668Expenses 2015: $3,966,175Net Income 2015: $2,287,4932015Revenue 2016: $5,834,429Expenses 2016: $6,441,015Net Income 2016: -$606,5862016Revenue 2017: $10,129,240Expenses 2017: $4,033,430Net Income 2017: $6,095,8102017Revenue 2018: $14,897,002Expenses 2018: $5,930,116Net Income 2018: $8,966,8862018Revenue 2019: $12,547,700Expenses 2019: $6,406,150Net Income 2019: $6,141,5502019Revenue 2020: $20,931,167Expenses 2020: $7,114,755Net Income 2020: $13,816,4122020Revenue 2021: $18,118,883Expenses 2021: $11,689,930Net Income 2021: $6,428,9532021Revenue 2022: $15,756,594Expenses 2022: $8,321,835Net Income 2022: $7,434,7592022Revenue 2023: $6,329,494Expenses 2023: $5,432,392Net Income 2023: $897,1022023Revenue 2024: $10,272,766Expenses 2024: $6,982,223Net Income 2024: $3,290,5432024Revenue 2025: $18,873,146Expenses 2025: $9,814,335Net Income 2025: $9,058,8112025

Highlighted filing

2016

Revenue$5,834,429
Expenses$6,441,015
Net Income-$606,586
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 17, 2016
Return Version
2015v2.1
Gross Receipts
$58,644,550
Mission and Program Overview

Mission

The mission of the wayne county foundation is to provide philanthropic leadership to the community of wayne county. The three goals of the foundation are: 1. To encourage individuals, organizations, and businesses to share part of their resources for the good of the community. 2. To assist community charitable organizations in the creation and management of endowments. 3. To provide oversight of investment and disbursement of funds devoted to charitable purposes.

To provide philanthropic leadership to wayne county, ohio, area through fund development and grant making activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$53,512,119$51,948,245▼ $1,563,874
Savings and Temporary Cash Investments$2,967,687$2,155,983▼ $811,704
Pledges and Grants Receivable$1,417,193$1,043,892▼ $373,301
Cash and Non-Interest-Bearing Accounts$16,274$12,533▼ $3,741
Land, Buildings, and Equipment, Net$755,567$5,567▼ $750,000
Total Assets$58,891,290$55,406,994▼ $3,484,296
Other Assets Total$222,450$240,774▲ $18,324
Liabilities
Escrow Account Liability$8,800,224$8,488,598▼ $311,626
Grants Payable$485,000$465,000▼ $20,000
Other Liabilities$55,958$53,359▼ $2,599
Accounts Payable and Accrued Expenses$708--
Total Liabilities$9,341,890$9,006,957▼ $334,933
Net Assets / Fund Balance
Permanently Rstr Net Assets$22,719,793$24,085,305▲ $1,365,512
Temporarily Rstr Net Assets$16,766,812$16,568,896▼ $197,916
Unrestricted Net Assets$10,062,795$5,745,836▼ $4,316,959
Total Net Assets Fund Balance$49,549,400$46,400,037▼ $3,149,363
Total Liabilities and Net Assets / Fund Balance$58,891,290$55,406,994▼ $3,484,296

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,567$58,308$63,875

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$49,549,399$3,790,780▼ $541,498-$46,400,036
2014$49,056,320$4,694,365▲ $100,968-$49,549,399
2013$44,037,916$1,910,598▲ $5,934,144-$49,056,320
2012$41,922,964$4,624,426▲ $3,558,851-$44,037,916
2011$34,713,620$11,637,881▲ $72,329-$41,922,964
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sara L PattonExecutive DiFT$81,300$6,842$88,142
Revenue and Support

Revenue Composition

Contributions and Grants
$3,744,704
Program Service Revenue
$0
Investment Income
$2,001,279
Other Revenue
$88,446
All Other Contributions
$3,744,704
Change in Net Assets
$-606,586

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
Securities Publicly Traded21$269,681Fair Market Value
Total Noncash Contributions21$269,681-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,792,059
Revenue Not Reported on Financial Statements
$42,370
Revenue Not Reported on Form 990
$-2,542,777
Other Revenue Adjustments
$42,370
Total Revenue per Audited Statements
$3,249,282
Total Revenue per Form 990
$5,834,429
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,887,571
Other Expenses$315,045
Salaries, Compensation, and Employee Benefits$238,399
Total Fundraising Expense$98,802
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,626,036--$4,626,036
Grants to Domestic Individuals$1,261,535--$1,261,535
Fees for Service Investment Mgmnt Fees-$150,997-$150,997
Other Salaries and Wages$64,715$29,185$32,993$126,893
Current Officers, Directors, Trustees, and Key Employees$30,894$30,081$20,325$81,300
Office Expenses$4,502$24,150$12,280$40,932
Occupancy$6,493$16,233$9,741$32,467
Advertising-$4,747$12,206$16,953
Information Technology-$16,276-$16,276
Payroll Taxes$7,271$4,641$3,559$15,471
Fees for Services Accounting-$13,950-$13,950
Insurance-$9,314-$9,314
Pension Plan Contributions$4,256$2,683$2,314$9,253
Other Employee Benefits$2,138$1,206$2,138$5,482
Travel$2,531-$2,532$5,063
Conferences and Meetings$1,251$1,192$9$2,452
Fees for Services Other-$1,550-$1,550
Other Expenses$364$6,459$705$1,069
All Other Expenses-$200-$200
Total Functional Expenses$6,016,261$325,952$98,802$6,441,015

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,441,015
Total Expenses per Form 990$6,441,015
Total Expenses per Audited Statements$6,398,645
Expenses Not Reported on Form 990$-42,370
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Montessori School of WoosterWooster, OH501c3Various Projects$959,946
Cornerstone Elementary School PtoWooster, OH501c3Architect Services$514,200
City of WoosterWooster, OH501c3Various Projects$303,236
Wayne County Public LibraryWooster, OH-Various$193,000
Orrville Area Boys & Girls ClubOrrville, OH501c3Various$133,742
Wayne Center for the ArtsWooster, OH-Contributions$131,904
United Way Wayne & Holmes CountiesWooster, OHGovContribution$119,257
Norwayne Local School DistrictCreston, OH501c3Various$111,867
Viola Startzman Free ClinicWooster, OH-Contribution$100,753
Fund for Economic Future - Ne OhioCleveland, OH501c3Economic Development$99,334
Wooster United Methodist ChurchWooster, OH-Contribution$94,896
Village of SmithvilleSmithville, OH-Monument$91,100
Osu AtiWooster, OH501c3Various$67,550
Aac InstitutePittsburgh, PA501c3Admin. Support$65,700
College of WoosterWooster, OH501c3Various Projects$65,550
St Mary of Immaculate ConceptionWooster, OH501c3Contribution$62,167
Springhaven IncMt Eaton, OH501c3Construction$60,000
Wayne County Humane SocietyWooster, OH-Facilities$57,802
First Presbyterian ChurchWooster, OH501c3Contribution$53,800
Wayne County Fire & Rescue AssocApple Creek, OH-Donation$53,368
Trinity United Church of ChristWooster, OH501c3Donation$51,000
Shriners Hospitals for ChildrenCincinnati, OH501c3Contribution$50,000
Wooster Community HospitalWooster, OH-Donation$50,000
Wayne Cnty Historical Society OhioWooster, OH-Contribution$49,763
Westminster Presbyterian ChurchWooster, OH-Contribution$47,000
The Wilderness Center IncWilmot, OH-Qtrly Disbursement$44,903
Triway High SchoolWooster, OH501c3Equipment$39,945
Salvation ArmyWooster, OH501c3Contribution$37,922
People to People MinistriesWooster, OH501c3Contribution$37,719
City of RittmanRittman, OH501c3Annual Disbursement$37,437
American Red Cross - Wayne CountyWooster, OH501c3General Fund$36,000
Nami Wayne and Holmes CountiesWooster, OH501c3Contribution$33,200
Oneeighty IncWooster, OH501c3Various$32,850
Holmes County Education FoundationMillersburg, OH501c3Scholarships$32,767
Wayne Cnty Com for Crippled ChildreWooster, OH-Contribution$30,050
Rails to Trails of Wayne CountyWooster, OH501c3Donation$28,032
Creston Presbyterian ChurchCreston, OH501c3Contribution$26,937
The Village NetworkSmithville, OH501c3Contribution$26,591
Aultman Orrville HospitalOrrville, OH501c3Contribution$26,500
Central American Medical OutreachOrrville, OHGovContribution$26,300
Millbrook SchoolMillbrook, NY501c3Art Fund$25,000
Boys and Girls Club of WoosterWooster, OH501c3Contribution$23,160
Lifecare HospiceWooster, OH501c3Various$22,167
Ymca of WoosterWooster, OH-Contribution$21,649
St Johns Church of MillersburgMillersburg, OH501c3Scholarships/capital$21,512
Heritage Private SchoolSterling, OH501c3General Fund$20,000
Planned Parenthood of Greater OhioAkron, OHGovContribution$16,000
Zion Evangelical Lutheran ChurchWooster, OH-Maintenance$15,250
Goodwill of Wayne & Holmes CountiesWooster, OH501c3Contribution$15,050
Wayne College - University of AkronOrrville, OH-Equipment$12,900
Orrville YmcaOrrville, OH501c3Contribution$12,541
Wayne Cnty Common Good IncWooster, OH-Contribution$11,108
Misericordia UniversityDallas, PA501c3Research$11,000
Norman Rockwell Museum at StockbridStockbridge, MA501c3Donation$11,000
Nuhop Center for Experiential LearnAshland, OH501c3Scholarships$10,900
Community Birth Circle IncOrrville, OH501c3Contribution$10,450
Habitat for Humanity Wayne CountyWooster, OH501c3Donation$10,368
Camden International Film FestivalCamden, ME501c3Donation$10,000
International Rescue Committee IncNew York, NY501c3Assist Refugees$10,000
Meals on Wheels of Stark & WayneMassillon, OH501c3Various$10,000
University of MississippiUniversity, MS501c3Contribution$9,400
Wayne Cnty Board Development DisabiWooster, OH-Contribution$9,162
Wooster Speech & Debate Parents inWooster, OH-Contribution$9,012
Heartland Education Community IncOrrville, OH501c3Various$8,939
Orrville Public LibraryOrrville, OH501c3Various Donations$8,500
Earlham CollegeRichmond, IN501c3Annual Disbursement$8,329
Human Rights WatchNew York, NY501c3Donation$8,000
Kidron Community Historical SocietyKidron, OH501c3Sonnenberg Village$8,000
Dalton Local School DistrictDalton, OH501c3Donation$7,995
Grace BrethrenWooster, OH501c3Contribution$7,900
Wee Care Center IncWooster, OH-Contribution$7,627
Apostolic Christian ChurchOrrville, OH501c3Alms Fund$7,500
Cleveland International Film FestivCleveland, OH501c3Donation$7,500
Nick Amster Sheltered Workshop IncWooster, OH501c3Donation$7,500
Wayne Growth PartnershipWooster, OH-Economic Development$7,500
Smithville Community Hist SocietySmithville, OH501c3Contribution$7,301
Moreland Community Hist SocietyShreve, OH501c3Restoration$7,000
Adaptive Sports Program of OhioWooster, OH501c3Donation$6,800
Wayne County Schools Career CenterSmithville, OH-Equipment$6,392
Replay for KidsMedina, OH501c3Constribution$6,300
AKRON CHILDREN'S HOSPITALAkron, OH501c3Contribution$6,000
Lakeside Chautauqua FoundationLakeside, OH501c3Contribution$6,000
Pleasant Hill Outdoor CenterPerrysville, OH501c3Contribution$6,000
Doctors Without Borders USA IncNew York, NY501c3Donation$5,700
Akron-canton Regional FoodbankAkron, OH501c3Contribution$5,500
Central Christian SchoolsKidron, OHGovContribution$5,436
Arthritis FoundationCleveland, OH501c3Contribution$5,400
Oxfam AmericaBoston, MA501c3Contribution$5,200
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
Gift Annuity Obligations$53,359
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
Yes
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 11B

An audit committee comprised of two trustees and two non-trustees who all have financial expertise evaluate the completed tax return and report their recommendations to the board for review and approval.

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

The organization requires its employees and board of trustees to complete a conflict of interest disclosure form annually. Any potential conflicts are disclosed as they arise.

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

The compensation of the executive director is determined based on a study of similar positions within other non-profit organizations. Merit increases are determined from several sources, including an annual compensation survey performed by philanthropy ohio.

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

Compensation process for officer compensation and for other positions is determined through research conducted pertaining to similar job descriptions within the non-profit sector in wayne county. When combined with a perfomance review, an annual merit increase is established.

Form 990, Page 6, Part VI, Line 19

The organization makes available for public inspection, upon request, all documents as required by federal, state, and local law, including but not limited to the irs form 990, annual report, audited financial statements, and minutes of the executive board.

Filing and Contact Details

Filer

Filer Name
Wayne County Community Foundation
EIN
34-1281026
Phone
3302623877
Address
517 N MARKET STREET, WOOSTER, OH 44691

Signing Officer

Name
Mary Alice Streeter
Title
Treasurer
Phone
3302623877
Signed
2016-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sara L Patton
Formed
1978
Legal Domicile
Oh
Voting Board Members
18
Independent Board Members
18
Employees
4
Volunteers
48

Preparer

Firm
Dyer Roche & Company Inc
Address
PO BOX 696, WOOSTER, OH 44691
Preparer
Andrea L Hostetler
Phone
3302620061
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the wayne county foundation is to provide philanthropic leadership to the community of wayne county. The three goals of the foundation are: 1. To encourage individuals, organizations, and businesses to share part of their resources for the good of the community. 2. To assist community charitable organizations in the creation and management of endowments. 3. To provide oversight of investment and disbursement of funds devoted to charitable purposes.

Form 990, Part XI, Line 9

Net administrative fee revenue and expenses -42,370 net administrative fee revenue and expenses 42,370

Financial Statement Notes

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

The foundation holds funds on behalf of other area tax exempt charitable organizations. At 6/30/16, 8,488,598 of assets were held for others.

Schedule D, Page 3, Part X

Fin 48 statement from financial statement audit "note 1 summary of significant accounting policies: accounting for uncertainty in income taxes - accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the foundation and recognize a tax liability if the foundation has taken certain tax positions that more-likely-than-not would not be sustained upon examination by applicable taxing authorities. The amount recognized is measured as the amount of benefit that is greater than 50% likely of being realized upon ultimate settlement. The foundation recognizes interest and penalties accrued related to unrecognized tax uncertainties in income expense, if any. The foundation determined that there are no material uncertain tax positions."

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

Net administrative fee revenue and expenses 42,370

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

Net administrative fee revenue and expenses -42,370

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IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
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IRS990/MissionDesc0THE MISSION OF THE WAYNE COUNTY FOUNDATION IS TO PROVIDE PHILANTHROPIC LEADERSHIP TO THE COMMUNITY OF WAYNE COUNTY. THE THREE GOALS OF THE FOUNDATION ARE: 1. TO ENCOURAGE INDIVIDUALS, ORGANIZATIONS, AND BUSINESSES TO SHARE PART OF THEIR RESOURCES FOR THE GOOD OF THE COMMUNITY. 2. TO ASSIST COMMUNITY CHARITABLE ORGANIZATIONS IN THE CREATION AND MANAGEMENT OF ENDOWMENTS. 3. TO PROVIDE OVERSIGHT OF INVESTMENT AND DISBURSEMENT OF FUNDS DEVOTED TO CHARITABLE PURPOSES.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0ADMINISTRATIVE FEE REVENUE 189,422 MISCELLANEOUS INCOME 79,566 ANNUAL DINNER 32,753
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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