Civic Intelligence

Mansfield-Richland Area Educational Foundation Inc

990EZ • Fiscal year 2018 • EIN 34-1312689

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 21, 2018

55 North Mulberry StreetMansfield, OH 44902

(419) 522-3211

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2018

Net Margin

38th percentile

-1.0%

Higher net margin than 38% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

53rd percentile

3.1%

Faster asset growth than 53% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

91st percentile

83%

Faster revenue growth than 91% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$368,393

Up $10,957 (+3.1%) from 2017

Net Assets

Up

$368,393

Up $10,957 (+3.1%) from 2017

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$123,360

Up $56,121 (+83%) from 2017

Expenses

Up

$124,604

Up $50,079 (+67%) from 2017

Net Income

Up

-$1,244

Up $6,042 (+83%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2016: $341,768Liabilities 2016: $0Net Assets 2016: $341,7682016Assets 2017: $357,436Net Assets 2017: $357,4362017Assets 2018: $368,393Net Assets 2018: $368,3932018Assets 2019: $396,736Liabilities 2019: $16,968Net Assets 2019: $379,7682019Assets 2020: $410,906Net Assets 2020: $410,9062020Assets 2021: $482,278Net Assets 2021: $482,2782021Assets 2022: $413,743Net Assets 2022: $413,7432022Assets 2023: $439,548Net Assets 2023: $439,5482023Assets 2024: $549,157Liabilities 2024: $0Net Assets 2024: $549,1572024Assets 2025: $575,460Liabilities 2025: $0Net Assets 2025: $575,4602025

Highlighted filing

2018

Assets$368,393
Liabilities-
Net Assets$368,393

Operations Trend

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

$200K$100K$0-$100KRevenue 2016: $65,712Expenses 2016: $69,818Net Income 2016: -$4,1062016Revenue 2017: $67,239Expenses 2017: $74,525Net Income 2017: -$7,2862017Revenue 2018: $123,360Expenses 2018: $124,604Net Income 2018: -$1,2442018Revenue 2019: $70,658Expenses 2019: $79,120Net Income 2019: -$8,4622019Revenue 2020: $95,128Expenses 2020: $86,473Net Income 2020: $8,6552020Revenue 2021: $56,999Expenses 2021: $56,929Net Income 2021: $702021Revenue 2022: $79,691Expenses 2022: $62,799Net Income 2022: $16,8922022Revenue 2023: $76,618Expenses 2023: $80,370Net Income 2023: -$3,7522023Revenue 2024: $189,054Expenses 2024: $128,083Net Income 2024: $60,9712024Revenue 2025: $172,848Expenses 2025: $192,401Net Income 2025: -$19,5532025

Highlighted filing

2018

Revenue$123,360
Expenses$124,604
Net Income-$1,244
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 21, 2018
Return Version
2017v2.3
Gross Receipts
$134,917
Mission and Program Overview

Mission

The Mansfield Richland Area Educational Foundation was incorporated June 16, 1980 by the Mansfield Richland Area Chamber & Economic Development to foster economic understanding, financial literacy and other areas for the benefit of Richland County. Mission Statement: The Mansfield Richland Area Educational Foundation's mission is to invest in our community's future success through impactful educational opportunities for both adults and youth focusing on leadership development, economics, and entrepreneurship.

The mansfield-richland area educational foundation (frequently referred to as the chamber foundation) was established to foster economic understanding and pursue other areas that benefit the free enterprise system and the american way of life.

Program Services

DescriptionGrantsExpenses
OVER THE LAST FEW YEARS, THE CENTRAL BUSINESS DISTRICT IN MANSFIELD HAS SEEN AN INCREASE IN NEW BUSINESSES AND ENTERTAINMENT OPTIONS. EVEN WITH ALL OF THIS POSITIVE MOMENTUM, WE RECOGNIZE THAT THERE IS STILL MORE THAT CAN BE DONE TO MAKE THE CENTRAL BUSINESS DISTRICT A DESTINATION AND THE HUB OF OUR COMMUNITY; IN FACT WE BELIEVE THAT IT IS VITAL TO OUR COMMUNITY'S FUTURE SUCCESS. TO BE SUCCESSFUL WE NEED TO ATTRACT BUSINESSES TO FILL EMPTY BUILDINGS, MAKE OUR COMMUNITY MORE WALKABLE, PROVIDE BIKING ROUTES, CREATE MORE DOWNTOWN LIVING OPTIONS, ENCOURAGE JOB GROWTH, AND FIND WAYS TO DRAW PEOPLE IN FROM OUTSIDE OUR COMMUNITY. OVER THE YEARS THERE HAVE BEEN MANY SUGGESTIONS FOR HOW WE CAN MAKE THIS PART OF OUR COMMUNITY GREAT, BUT THERE ARE STILL OBSTACLES THAT STAND IN OUR WAY. WE NEED TO THINK CREATIVELY AND BE WILLING TO WORK COLLABORATIVELY TO FIND NEW WAYS TO OVERCOME THOSE CHALLENGES OUR COMMUNITY FACES. COMMUNITIES ALL OVER THE COUNTRY HAVE FOUND SUCCESS IN THESE AREAS AND WE BELIEVE HELPING TO INTRODUCE A GROUP OF CURRENT AND EMERGING COMMUNITY LEADERS TO BEST PRACTICES FROM OTHER AREAS WILL HELP US FOSTER A NEW SPIRIT OF COLLABORATION IN THE FURTHER DEVELOPMENT OF MANSFIELD. ADDITIONALLY, WE ALSO WANT TO EXPOSE THESE LEADERS TO WHAT IS COMING DOWN THE PIKE FOR THE FUTURE. WE BELIEVE FOR MANSFIELD TO BE SUCCESSFUL WE MUST LOOK AHEAD TO A RAPIDLY CHANGING WORLD AND BE PREPARED TO ADJUST. SOUTH BY SOUTHWEST (SXSW) IS A 10-DAY CONFERENCE AND FESTIVAL HELD ANNUALLY IN AUSTIN, TEXAS. SOME OF THE GREATEST THOUGHT LEADERS IN THE WORLD COME TOGETHER TO PRESENT CURRENT BEST PRACTICES AND CONCEPTS THAT WILL BE DEVELOPED IN THE NEAR FUTURE. THE FIRST FIVE DAYS OF SXSW IS THE INTERACTIVE" PORTION OF THE CONFERENCE WITH 25 DIFFERENT TRACKS AND THE LAST FIVE DAYS OF SXSW IS A MUSIC AND ENTERTAINMENT FESTIVAL. SXSW INTERACTIVE IS THE ONE CONFERENCE THAT SHOWS YOU RIGHT NOW WHAT PEOPLE WILL BE DOING THREE TO FIVE YEARS IN THE FUTURE. THIS ANNUAL FESTIVAL CELEBRATES INNOVATION, IDEAS AND DILEMMAS OF THE TECH AGE. THIS YEAR SXSW IS INTRODUCING A NEW EXPERIENCE CALLED THE CITIES SUMMIT, WHICH IS A FRESH LOOK AT THE FUTURE OF CITIES. THIS PROGRAM EXPLORES THE FUTURE OF CITIES THROUGH TWO FULL DAYS OF INSPIRATIONAL TALKS, HANDS-ON LEARNING SESSIONS, AND SPECIAL EVENTS TO SPARK CONNECTION. IT IS DESIGNED TO BRIDGE THE DIALOGUE BETWEEN CITY LEADERS AND DECISION-MAKERS WITH SXSW COMMUNITIES - DIGITAL CREATIVES, ENTREPRENEURS, DESIGNERS, ARTISTS, AND OTHERS FOR A FRESH LOOK AT HOW WE SHAPE OUR CITIES AND HOW THEY SHAPE US. IT IS AN OPPORTUNITY FOR CIVIC LEADERS, CREATIVE CITIZENS AND URBANISTS OF ALL DISCIPLINES TO JOIN TOGETHER TO LEARN, STRATEGIZE AND FORM COALITIONS TO SERVICE AND BENEFIT ALL CITIES OF TOMORROW. THE PROGRAM FEATURED TWO DAYS OF DYNAMIC PROGRAMMING, PERFORMANCE, POP- UP EXHIBITS, AND EVENTS EXPLORING THE FUTURE OF OUR CITIES. WE IDENTIFIED A DIVERSE GROUP OF 15 CURRENT AND/OR EMERGING LEADERS WHO HAVE A PASSION FOR OUR COMMUNITY AND WANT TO TAKE THE CENTRAL BUSINESS DISTRICT TO THE NEXT LEVEL. THEY COMMITTED TO ATTENDING THE INTERACTIVE" PORTION OF SXSW, PARTICIPATING IN FORUMS AND ACTIVITIES IN SIX TRACKS THAT HAVE BEEN IDENTIFIED AS FOCUS AREAS FOR THE CENTRAL BUSINESS DISTRICT. THIS GROUP OF 15 LEADERS DO NOT ALL KNOW EACH OTHER, AND PART OF OUR GOAL IS TO BUILD NEW RELATIONSHIPS TO FOSTER NEW COLLABORATION. THE 15 ATTENDEES WILL RETURN WITH NEW IDEAS AND SUGGESTIONS. A SECOND GROUP OF 28 INDIVIDUALS HAS BEEN IDENTIFIED TO SERVE IN AN ADVISORY CAPACITY. BASED UPON THEIR EXPERIENCES, THESE TWO GROUPS WILL COME TOGETHER IN THEIR RESPECTIVE ROLES TO DETERMINE A PLAN OF ACTION THAT WILL BE PRESENTED TO THE RICHLAND COUNTY FOUNDATION BOARD OF TRUSTEES AS A POTENTIAL PLAN FOR INVESTING IN THE CENTRAL BUSINESS DISTRICT.-$45,479
YEA - THE YOUNG ENTREPRENEURS ACADEMY (YEA) IS A YEAR-LONG PROGRAM THAT TEACHES STUDENTS IN GRADES 6-12 HOW TO START AND RUN THEIR OWN, REAL BUSINESSES. STUDENTS BRAINSTORM BUSINESS IDEAS, DECIDE IF THEY WANT TO WORK BY THEMSELVES OR AS A TEAM, WRITE A BUSINESS PLAN, PITCH THEIR PLAN TO INVESTORS FOR FUNDING, AND ACTUALLY LAUNCH THEIR OWN BUSINESS OR SOCIAL MOVEMENT. ALL OF THE LEARNING IS REAL AND EXPERIENTIAL. STUDENTS LEAVE THE CLASS AS BUSINESS OWNERS, COMPLETE WITH A DBA AND BANK ACCOUNT-$35,896
LEADERSHIP UNLIMITED - FOUNDED IN 1982, LEADERSHIP UNLIMITED IS A PLANNED LEARNING PROGRAM DESIGNED TO PROVIDE MEN AND WOMEN OF DEMONSTRATED LEADERSHIP ABILITY WITH THE OPPORTUNITY TO INTERACT WITH EXISTING LEADERS AND DEVELOP THEIR KNOWLEDGE OF CHALLENGES AND OPPORTUNITIES FOR LEADERSHIP IN THE GREATER MANSFIELD, OH AND RICHLAND COUNTY AREA.-$34,323
ECONOMIC CLUB - FOUR TIMES EACH YEAR SINCE 1982, THE ECONOMIC CLUB BRINGS WORLD-CLASS SPEAKERS TO OUR AREA FOR LUNCHEON MEETINGS. A PORTION OF THE ANNUAL MEMBERSHIP SUPPORTS ECONOMICS CLASSES OFFERED TO AREA EDUCATORS BY THE FOUNDATION.-$5,398
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
NICK GESOURASBoard Chair-$0--
LINDA KELLERVice Chair-$0--
SCOTT THEMTreasurer-$0--
JIM BAKERTrustee-$0--
JEFF DEVITOTrustee-$0--
JOHN ALLEN HOLMESTrustee-$0--
BRADY GROVESTrustee-$0--
BETH FELDMEIERTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Mansfield-richland Area Educational
EIN
34-1312689
Phone
4195223211
Address
55 NORTH MULBERRY STREET, MANSFIELD, OH 44902

Signing Officer

Name
Nicole Lewis
Title
Foundation Manager
Phone
4195223211
Signed
2018-12-21

Preparer

Firm
Helen Brown CPA LLC
Address
605 MANCHESTER RD, MANSFIELD, OH 44903-1832
Preparer
Helen K Brown
Phone
4197099634
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I

Line 12 - salaries, other compensation and employee benefits: the foundation does not directly pay the foundation manager. Instead, they pay a management fee to the richland area chamber for the payroll and benefits of the manager. Because the management fee is for payroll and related expenses, it is categorized on the 990-ez as salaries, other compensation and employee benefits.

Form 990-ez, Part I, Line 8

Miscellaneous income 26 total 26

Form 990-ez, Part I, Line 16

Expenses advertising 172 advertising 100 office supplies 5 office supplies 40 office supplies 35 website maintenance 20 travel 38,923 conferences & meetings 1,163 conferences & meetings 7,378 conferences & meetings 4,171 conferences & meetings 6,785 educational contract serv 1,950 state fees 100 investments fees 300 supplies 844 miscellaneous 642 recognition 1,098 dues 200 franchise fee 7,590 student payments 3,859 total 75,375

Form 990-ez, Part I, Line 20

Current year unrealized gains 12,201

Form 990-ez, Part II, Line 24

Furniture 3,240 3,240 less accumulated depreciation 3,240 3,240 total 0 0

Form 990-ez, Part III

The mansfield-richland area educational foundation (frequently referred to as the chamber foundation) was established to foster economic understanding and pursue other areas that benefit the free enterprise system and the american way of life.

Form 990-ez, Part III, Line 28

Yea - the young entrepreneurs academy (yea) is a year-long program that teaches students in grades 6-12 how to start and run their own, real businesses. Students brainstorm business ideas, decide if they want to work by themselves or as a team, write a business plan, pitch their plan to investors for funding, and actually launch their own business or social movement. All of the learning is real and experiential. Students leave the class as business owners, complete with a dba and bank account

Form 990-ez, Part III, Line 29

Leadership unlimited - founded in 1982, leadership unlimited is a planned learning program designed to provide men and women of demonstrated leadership ability with the opportunity to interact with existing leaders and develop their knowledge of challenges and opportunities for leadership in the greater mansfield, oh and richland county area.

Form 990-ez, Part III, Line 30

Over the last few years, the central business district in mansfield has seen an increase in new businesses and entertainment options. Even with all of this positive momentum, we recognize that there is still more that can be done to make the central business district a destination and the hub of our community; in fact we believe that it is vital to our community's future success. To be successful we need to attract businesses to fill empty buildings, make our community more walkable, provide biking routes, create more downtown living options, encourage job growth, and find ways to draw people in from outside our community. Over the years there have been many suggestions for how we can make this part of our community great, but there are still obstacles that stand in our way. We need to think creatively and be willing to work collaboratively to find new ways to overcome those challenges our community faces. Communities all over the country have found success in these areas and we believe helping to introduce a group of current and emerging community leaders to best practices from other areas will help us foster a new spirit of collaboration in the further development of mansfield. Additionally, we also want to expose these leaders to what is coming down the pike for the future. We believe for mansfield to be successful we must look ahead to a rapidly changing world and be prepared to adjust. South by southwest (sxsw) is a 10-day conference and festival held annually in austin, texas. Some of the greatest thought leaders in the world come together to present current best practices and concepts that will be developed in the near future. The first five days of sxsw is the interactive" portion of the conference with 25 different tracks and the last five days of sxsw is a music and entertainment festival. Sxsw interactive is the one conference that shows you right now what people will be doing three to five years in the future. This annual festival celebrates innovation, ideas and dilemmas of the tech age. This year sxsw is introducing a new experience called the cities summit, which is a fresh look at the future of cities. This program explores the future of cities through two full days of inspirational talks, hands-on learning sessions, and special events to spark connection. It is designed to bridge the dialogue between city leaders and decision-makers with sxsw communities - digital creatives, entrepreneurs, designers, artists, and others for a fresh look at how we shape our cities and how they shape us. It is an opportunity for civic leaders, creative citizens and urbanists of all disciplines to join together to learn, strategize and form coalitions to service and benefit all cities of tomorrow. The program featured two days of dynamic programming, performance, pop- up exhibits, and events exploring the future of our cities. We identified a diverse group of 15 current and/or emerging leaders who have a passion for our community and want to take the central business district to the next level. They committed to attending the interactive" portion of sxsw, participating in forums and activities in six tracks that have been identified as focus areas for the central business district. This group of 15 leaders do not all know each other, and part of our goal is to build new relationships to foster new collaboration. The 15 attendees will return with new ideas and suggestions. A second group of 28 individuals has been identified to serve in an advisory capacity. Based upon their experiences, these two groups will come together in their respective roles to determine a plan of action that will be presented to the richland county foundation board of trustees as a potential plan for investing in the central business district.

Form 990-ez, Part III, Line 31

Economic club - four times each year since 1982, the economic club brings world-class speakers to our area for luncheon meetings. A portion of the annual membership supports economics classes offered to area educators by the foundation.

Form 990-ez, Part V, Line 33

Beginning in 2017, the foundation participated in the south by southwest event utilizing grant funds from the richland county foundation to develop an economic plan for the downtown mansfield area. We selected 15 unique individuals who are invested in the downtown mansfield area and sent them to austin, texas to take in south by southwest (sxsw) for one week. At this annual event, some of the greatest thought leaders in the world come together to present current best practices and concepts that will be developed in the near future. The goal was to take in as many of the sessions and bring back that information to create a plan to help downtown mansfield (the central business district) continue to flourish. We worked with 26 advisors to help narrow down all of the ideas that came back with us and created a plan to present to the richland county foundation for future spending opportunities. The program was funded by a grant from the richland county foundation.

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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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IRS990EZ/PrimaryExemptPurposeTxt0THE MANSFIELD-RICHLAND AREA EDUCATIONAL FOUNDATION (FREQUENTLY REFERRED TO AS THE CHAMBER FOUNDATION) WAS ESTABLISHED TO FOSTER ECONOMIC UNDERSTANDING AND PURSUE OTHER AREAS THAT BENEFIT THE FREE ENTERPRISE SYSTEM AND THE AMERICAN WAY OF LIFE.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0YEA - THE YOUNG ENTREPRENEURS ACADEMY (YEA) IS A YEAR-LONG PROGRAM THAT TEACHES STUDENTS IN GRADES 6-12 HOW TO START AND RUN THEIR OWN, REAL BUSINESSES. STUDENTS BRAINSTORM BUSINESS IDEAS, DECIDE IF THEY WANT TO WORK BY THEMSELVES OR AS A TEAM, WRITE A BUSINESS PLAN, PITCH THEIR PLAN TO INVESTORS FOR FUNDING, AND ACTUALLY LAUNCH THEIR OWN BUSINESS OR SOCIAL MOVEMENT. ALL OF THE LEARNING IS REAL AND EXPERIENTIAL. STUDENTS LEAVE THE CLASS AS BUSINESS OWNERS, COMPLETE WITH A DBA AND BANK ACCOUNT
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1LEADERSHIP UNLIMITED - FOUNDED IN 1982, LEADERSHIP UNLIMITED IS A PLANNED LEARNING PROGRAM DESIGNED TO PROVIDE MEN AND WOMEN OF DEMONSTRATED LEADERSHIP ABILITY WITH THE OPPORTUNITY TO INTERACT WITH EXISTING LEADERS AND DEVELOP THEIR KNOWLEDGE OF CHALLENGES AND OPPORTUNITIES FOR LEADERSHIP IN THE GREATER MANSFIELD, OH AND RICHLAND COUNTY AREA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2OVER THE LAST FEW YEARS, THE CENTRAL BUSINESS DISTRICT IN MANSFIELD HAS SEEN AN INCREASE IN NEW BUSINESSES AND ENTERTAINMENT OPTIONS. EVEN WITH ALL OF THIS POSITIVE MOMENTUM, WE RECOGNIZE THAT THERE IS STILL MORE THAT CAN BE DONE TO MAKE THE CENTRAL BUSINESS DISTRICT A DESTINATION AND THE HUB OF OUR COMMUNITY; IN FACT WE BELIEVE THAT IT IS VITAL TO OUR COMMUNITY'S FUTURE SUCCESS. TO BE SUCCESSFUL WE NEED TO ATTRACT BUSINESSES TO FILL EMPTY BUILDINGS, MAKE OUR COMMUNITY MORE WALKABLE, PROVIDE BIKING ROUTES, CREATE MORE DOWNTOWN LIVING OPTIONS, ENCOURAGE JOB GROWTH, AND FIND WAYS TO DRAW PEOPLE IN FROM OUTSIDE OUR COMMUNITY. OVER THE YEARS THERE HAVE BEEN MANY SUGGESTIONS FOR HOW WE CAN MAKE THIS PART OF OUR COMMUNITY GREAT, BUT THERE ARE STILL OBSTACLES THAT STAND IN OUR WAY. WE NEED TO THINK CREATIVELY AND BE WILLING TO WORK COLLABORATIVELY TO FIND NEW WAYS TO OVERCOME THOSE CHALLENGES OUR COMMUNITY FACES. COMMUNITIES ALL OVER THE COUNTRY HAVE FOUND SUCCESS IN THESE AREAS AND WE BELIEVE HELPING TO INTRODUCE A GROUP OF CURRENT AND EMERGING COMMUNITY LEADERS TO BEST PRACTICES FROM OTHER AREAS WILL HELP US FOSTER A NEW SPIRIT OF COLLABORATION IN THE FURTHER DEVELOPMENT OF MANSFIELD. ADDITIONALLY, WE ALSO WANT TO EXPOSE THESE LEADERS TO WHAT IS COMING DOWN THE PIKE FOR THE FUTURE. WE BELIEVE FOR MANSFIELD TO BE SUCCESSFUL WE MUST LOOK AHEAD TO A RAPIDLY CHANGING WORLD AND BE PREPARED TO ADJUST. SOUTH BY SOUTHWEST (SXSW) IS A 10-DAY CONFERENCE AND FESTIVAL HELD ANNUALLY IN AUSTIN, TEXAS. SOME OF THE GREATEST THOUGHT LEADERS IN THE WORLD COME TOGETHER TO PRESENT CURRENT BEST PRACTICES AND CONCEPTS THAT WILL BE DEVELOPED IN THE NEAR FUTURE. THE FIRST FIVE DAYS OF SXSW IS THE INTERACTIVE" PORTION OF THE CONFERENCE WITH 25 DIFFERENT TRACKS AND THE LAST FIVE DAYS OF SXSW IS A MUSIC AND ENTERTAINMENT FESTIVAL. SXSW INTERACTIVE IS THE ONE CONFERENCE THAT SHOWS YOU RIGHT NOW WHAT PEOPLE WILL BE DOING THREE TO FIVE YEARS IN THE FUTURE. THIS ANNUAL FESTIVAL CELEBRATES INNOVATION, IDEAS AND DILEMMAS OF THE TECH AGE. THIS YEAR SXSW IS INTRODUCING A NEW EXPERIENCE CALLED THE CITIES SUMMIT, WHICH IS A FRESH LOOK AT THE FUTURE OF CITIES. THIS PROGRAM EXPLORES THE FUTURE OF CITIES THROUGH TWO FULL DAYS OF INSPIRATIONAL TALKS, HANDS-ON LEARNING SESSIONS, AND SPECIAL EVENTS TO SPARK CONNECTION. IT IS DESIGNED TO BRIDGE THE DIALOGUE BETWEEN CITY LEADERS AND DECISION-MAKERS WITH SXSW COMMUNITIES - DIGITAL CREATIVES, ENTREPRENEURS, DESIGNERS, ARTISTS, AND OTHERS FOR A FRESH LOOK AT HOW WE SHAPE OUR CITIES AND HOW THEY SHAPE US. IT IS AN OPPORTUNITY FOR CIVIC LEADERS, CREATIVE CITIZENS AND URBANISTS OF ALL DISCIPLINES TO JOIN TOGETHER TO LEARN, STRATEGIZE AND FORM COALITIONS TO SERVICE AND BENEFIT ALL CITIES OF TOMORROW. THE PROGRAM FEATURED TWO DAYS OF DYNAMIC PROGRAMMING, PERFORMANCE, POP- UP EXHIBITS, AND EVENTS EXPLORING THE FUTURE OF OUR CITIES. WE IDENTIFIED A DIVERSE GROUP OF 15 CURRENT AND/OR EMERGING LEADERS WHO HAVE A PASSION FOR OUR COMMUNITY AND WANT TO TAKE THE CENTRAL BUSINESS DISTRICT TO THE NEXT LEVEL. THEY COMMITTED TO ATTENDING THE INTERACTIVE" PORTION OF SXSW, PARTICIPATING IN FORUMS AND ACTIVITIES IN SIX TRACKS THAT HAVE BEEN IDENTIFIED AS FOCUS AREAS FOR THE CENTRAL BUSINESS DISTRICT. THIS GROUP OF 15 LEADERS DO NOT ALL KNOW EACH OTHER, AND PART OF OUR GOAL IS TO BUILD NEW RELATIONSHIPS TO FOSTER NEW COLLABORATION. THE 15 ATTENDEES WILL RETURN WITH NEW IDEAS AND SUGGESTIONS. A SECOND GROUP OF 28 INDIVIDUALS HAS BEEN IDENTIFIED TO SERVE IN AN ADVISORY CAPACITY. BASED UPON THEIR EXPERIENCES, THESE TWO GROUPS WILL COME TOGETHER IN THEIR RESPECTIVE ROLES TO DETERMINE A PLAN OF ACTION THAT WILL BE PRESENTED TO THE RICHLAND COUNTY FOUNDATION BOARD OF TRUSTEES AS A POTENTIAL PLAN FOR INVESTING IN THE CENTRAL BUSINESS DISTRICT.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt3ECONOMIC CLUB - FOUR TIMES EACH YEAR SINCE 1982, THE ECONOMIC CLUB BRINGS WORLD-CLASS SPEAKERS TO OUR AREA FOR LUNCHEON MEETINGS. A PORTION OF THE ANNUAL MEMBERSHIP SUPPORTS ECONOMICS CLASSES OFFERED TO AREA EDUCATORS BY THE FOUNDATION.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 12 - SALARIES, OTHER COMPENSATION AND EMPLOYEE BENEFITS: THE FOUNDATION DOES NOT DIRECTLY PAY THE FOUNDATION MANAGER. INSTEAD, THEY PAY A MANAGEMENT FEE TO THE RICHLAND AREA CHAMBER FOR THE PAYROLL AND BENEFITS OF THE MANAGER. BECAUSE THE MANAGEMENT FEE IS FOR PAYROLL AND RELATED EXPENSES, IT IS CATEGORIZED ON THE 990-EZ AS SALARIES, OTHER COMPENSATION AND EMPLOYEE BENEFITS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MISCELLANEOUS INCOME 26 TOTAL 26
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXPENSES ADVERTISING 172 ADVERTISING 100 OFFICE SUPPLIES 5 OFFICE SUPPLIES 40 OFFICE SUPPLIES 35 WEBSITE MAINTENANCE 20 TRAVEL 38,923 CONFERENCES & MEETINGS 1,163 CONFERENCES & MEETINGS 7,378 CONFERENCES & MEETINGS 4,171 CONFERENCES & MEETINGS 6,785 EDUCATIONAL CONTRACT SERV 1,950 STATE FEES 100 INVESTMENTS FEES 300 SUPPLIES 844 MISCELLANEOUS 642 RECOGNITION 1,098 DUES 200 FRANCHISE FEE 7,590 STUDENT PAYMENTS 3,859 TOTAL 75,375
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CURRENT YEAR UNREALIZED GAINS 12,201
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FURNITURE 3,240 3,240 LESS ACCUMULATED DEPRECIATION 3,240 3,240 TOTAL 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE MANSFIELD-RICHLAND AREA EDUCATIONAL FOUNDATION (FREQUENTLY REFERRED TO AS THE CHAMBER FOUNDATION) WAS ESTABLISHED TO FOSTER ECONOMIC UNDERSTANDING AND PURSUE OTHER AREAS THAT BENEFIT THE FREE ENTERPRISE SYSTEM AND THE AMERICAN WAY OF LIFE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6YEA - THE YOUNG ENTREPRENEURS ACADEMY (YEA) IS A YEAR-LONG PROGRAM THAT TEACHES STUDENTS IN GRADES 6-12 HOW TO START AND RUN THEIR OWN, REAL BUSINESSES. STUDENTS BRAINSTORM BUSINESS IDEAS, DECIDE IF THEY WANT TO WORK BY THEMSELVES OR AS A TEAM, WRITE A BUSINESS PLAN, PITCH THEIR PLAN TO INVESTORS FOR FUNDING, AND ACTUALLY LAUNCH THEIR OWN BUSINESS OR SOCIAL MOVEMENT. ALL OF THE LEARNING IS REAL AND EXPERIENTIAL. STUDENTS LEAVE THE CLASS AS BUSINESS OWNERS, COMPLETE WITH A DBA AND BANK ACCOUNT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7LEADERSHIP UNLIMITED - FOUNDED IN 1982, LEADERSHIP UNLIMITED IS A PLANNED LEARNING PROGRAM DESIGNED TO PROVIDE MEN AND WOMEN OF DEMONSTRATED LEADERSHIP ABILITY WITH THE OPPORTUNITY TO INTERACT WITH EXISTING LEADERS AND DEVELOP THEIR KNOWLEDGE OF CHALLENGES AND OPPORTUNITIES FOR LEADERSHIP IN THE GREATER MANSFIELD, OH AND RICHLAND COUNTY AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8OVER THE LAST FEW YEARS, THE CENTRAL BUSINESS DISTRICT IN MANSFIELD HAS SEEN AN INCREASE IN NEW BUSINESSES AND ENTERTAINMENT OPTIONS. EVEN WITH ALL OF THIS POSITIVE MOMENTUM, WE RECOGNIZE THAT THERE IS STILL MORE THAT CAN BE DONE TO MAKE THE CENTRAL BUSINESS DISTRICT A DESTINATION AND THE HUB OF OUR COMMUNITY; IN FACT WE BELIEVE THAT IT IS VITAL TO OUR COMMUNITY'S FUTURE SUCCESS. TO BE SUCCESSFUL WE NEED TO ATTRACT BUSINESSES TO FILL EMPTY BUILDINGS, MAKE OUR COMMUNITY MORE WALKABLE, PROVIDE BIKING ROUTES, CREATE MORE DOWNTOWN LIVING OPTIONS, ENCOURAGE JOB GROWTH, AND FIND WAYS TO DRAW PEOPLE IN FROM OUTSIDE OUR COMMUNITY. OVER THE YEARS THERE HAVE BEEN MANY SUGGESTIONS FOR HOW WE CAN MAKE THIS PART OF OUR COMMUNITY GREAT, BUT THERE ARE STILL OBSTACLES THAT STAND IN OUR WAY. WE NEED TO THINK CREATIVELY AND BE WILLING TO WORK COLLABORATIVELY TO FIND NEW WAYS TO OVERCOME THOSE CHALLENGES OUR COMMUNITY FACES. COMMUNITIES ALL OVER THE COUNTRY HAVE FOUND SUCCESS IN THESE AREAS AND WE BELIEVE HELPING TO INTRODUCE A GROUP OF CURRENT AND EMERGING COMMUNITY LEADERS TO BEST PRACTICES FROM OTHER AREAS WILL HELP US FOSTER A NEW SPIRIT OF COLLABORATION IN THE FURTHER DEVELOPMENT OF MANSFIELD. ADDITIONALLY, WE ALSO WANT TO EXPOSE THESE LEADERS TO WHAT IS COMING DOWN THE PIKE FOR THE FUTURE. WE BELIEVE FOR MANSFIELD TO BE SUCCESSFUL WE MUST LOOK AHEAD TO A RAPIDLY CHANGING WORLD AND BE PREPARED TO ADJUST. SOUTH BY SOUTHWEST (SXSW) IS A 10-DAY CONFERENCE AND FESTIVAL HELD ANNUALLY IN AUSTIN, TEXAS. SOME OF THE GREATEST THOUGHT LEADERS IN THE WORLD COME TOGETHER TO PRESENT CURRENT BEST PRACTICES AND CONCEPTS THAT WILL BE DEVELOPED IN THE NEAR FUTURE. THE FIRST FIVE DAYS OF SXSW IS THE INTERACTIVE" PORTION OF THE CONFERENCE WITH 25 DIFFERENT TRACKS AND THE LAST FIVE DAYS OF SXSW IS A MUSIC AND ENTERTAINMENT FESTIVAL. SXSW INTERACTIVE IS THE ONE CONFERENCE THAT SHOWS YOU RIGHT NOW WHAT PEOPLE WILL BE DOING THREE TO FIVE YEARS IN THE FUTURE. THIS ANNUAL FESTIVAL CELEBRATES INNOVATION, IDEAS AND DILEMMAS OF THE TECH AGE. THIS YEAR SXSW IS INTRODUCING A NEW EXPERIENCE CALLED THE CITIES SUMMIT, WHICH IS A FRESH LOOK AT THE FUTURE OF CITIES. THIS PROGRAM EXPLORES THE FUTURE OF CITIES THROUGH TWO FULL DAYS OF INSPIRATIONAL TALKS, HANDS-ON LEARNING SESSIONS, AND SPECIAL EVENTS TO SPARK CONNECTION. IT IS DESIGNED TO BRIDGE THE DIALOGUE BETWEEN CITY LEADERS AND DECISION-MAKERS WITH SXSW COMMUNITIES - DIGITAL CREATIVES, ENTREPRENEURS, DESIGNERS, ARTISTS, AND OTHERS FOR A FRESH LOOK AT HOW WE SHAPE OUR CITIES AND HOW THEY SHAPE US. IT IS AN OPPORTUNITY FOR CIVIC LEADERS, CREATIVE CITIZENS AND URBANISTS OF ALL DISCIPLINES TO JOIN TOGETHER TO LEARN, STRATEGIZE AND FORM COALITIONS TO SERVICE AND BENEFIT ALL CITIES OF TOMORROW. THE PROGRAM FEATURED TWO DAYS OF DYNAMIC PROGRAMMING, PERFORMANCE, POP- UP EXHIBITS, AND EVENTS EXPLORING THE FUTURE OF OUR CITIES. WE IDENTIFIED A DIVERSE GROUP OF 15 CURRENT AND/OR EMERGING LEADERS WHO HAVE A PASSION FOR OUR COMMUNITY AND WANT TO TAKE THE CENTRAL BUSINESS DISTRICT TO THE NEXT LEVEL. THEY COMMITTED TO ATTENDING THE INTERACTIVE" PORTION OF SXSW, PARTICIPATING IN FORUMS AND ACTIVITIES IN SIX TRACKS THAT HAVE BEEN IDENTIFIED AS FOCUS AREAS FOR THE CENTRAL BUSINESS DISTRICT. THIS GROUP OF 15 LEADERS DO NOT ALL KNOW EACH OTHER, AND PART OF OUR GOAL IS TO BUILD NEW RELATIONSHIPS TO FOSTER NEW COLLABORATION. THE 15 ATTENDEES WILL RETURN WITH NEW IDEAS AND SUGGESTIONS. A SECOND GROUP OF 28 INDIVIDUALS HAS BEEN IDENTIFIED TO SERVE IN AN ADVISORY CAPACITY. BASED UPON THEIR EXPERIENCES, THESE TWO GROUPS WILL COME TOGETHER IN THEIR RESPECTIVE ROLES TO DETERMINE A PLAN OF ACTION THAT WILL BE PRESENTED TO THE RICHLAND COUNTY FOUNDATION BOARD OF TRUSTEES AS A POTENTIAL PLAN FOR INVESTING IN THE CENTRAL BUSINESS DISTRICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9ECONOMIC CLUB - FOUR TIMES EACH YEAR SINCE 1982, THE ECONOMIC CLUB BRINGS WORLD-CLASS SPEAKERS TO OUR AREA FOR LUNCHEON MEETINGS. A PORTION OF THE ANNUAL MEMBERSHIP SUPPORTS ECONOMICS CLASSES OFFERED TO AREA EDUCATORS BY THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10BEGINNING IN 2017, THE FOUNDATION PARTICIPATED IN THE SOUTH BY SOUTHWEST EVENT UTILIZING GRANT FUNDS FROM THE RICHLAND COUNTY FOUNDATION TO DEVELOP AN ECONOMIC PLAN FOR THE DOWNTOWN MANSFIELD AREA. WE SELECTED 15 UNIQUE INDIVIDUALS WHO ARE INVESTED IN THE DOWNTOWN MANSFIELD AREA AND SENT THEM TO AUSTIN, TEXAS TO TAKE IN SOUTH BY SOUTHWEST (SXSW) FOR ONE WEEK. AT THIS ANNUAL EVENT, SOME OF THE GREATEST THOUGHT LEADERS IN THE WORLD COME TOGETHER TO PRESENT CURRENT BEST PRACTICES AND CONCEPTS THAT WILL BE DEVELOPED IN THE NEAR FUTURE. THE GOAL WAS TO TAKE IN AS MANY OF THE SESSIONS AND BRING BACK THAT INFORMATION TO CREATE A PLAN TO HELP DOWNTOWN MANSFIELD (THE CENTRAL BUSINESS DISTRICT) CONTINUE TO FLOURISH. WE WORKED WITH 26 ADVISORS TO HELP NARROW DOWN ALL OF THE IDEAS THAT CAME BACK WITH US AND CREATED A PLAN TO PRESENT TO THE RICHLAND COUNTY FOUNDATION FOR FUTURE SPENDING OPPORTUNITIES. THE PROGRAM WAS FUNDED BY A GRANT FROM THE RICHLAND COUNTY FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990-EZ, PART III, LINE 29
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990-EZ, PART III, LINE 30
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990-EZ, PART III, LINE 31
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990-EZ, PART V, LINE 33
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ReturnHeader/ReturnTs02018-12-24T10:00:22-05:00
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ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
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