Civic Intelligence

Akron Bar Association Foundation

990 • Fiscal year 2018 • EIN 34-1503646

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 05, 2019

57 South BroadwayAkron, OH 44308

(330) 253-5007

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$5,152,434

Flat from 2018

Net Assets

Flat

$5,145,135

Flat from 2018

Liabilities

Flat

$7,299

Flat from 2018

Revenue And Expenses

Revenue

Flat

$1,238,481

Flat from 2018

Expenses

Flat

$246,771

Flat from 2018

Net Income

Flat

$991,710

Flat from 2018

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2017: $4,304,209Liabilities 2017: $7,764Net Assets 2017: $4,296,4452017Assets 2018: $5,152,434Liabilities 2018: $7,299Net Assets 2018: $5,145,1352018Assets 2018: $5,152,434Liabilities 2018: $7,299Net Assets 2018: $5,145,1352018Assets 2019: $5,168,055Liabilities 2019: $25,709Net Assets 2019: $5,142,3462019Assets 2020: $4,921,106Liabilities 2020: $20,635Net Assets 2020: $4,900,4712020Assets 2021: $5,787,898Liabilities 2021: $8,550Net Assets 2021: $5,779,3482021Assets 2022: $4,908,452Liabilities 2022: $7,800Net Assets 2022: $4,900,6522022Assets 2023: $5,163,112Liabilities 2023: $19,933Net Assets 2023: $5,143,1792023Assets 2024: $5,454,037Liabilities 2024: $8,700Net Assets 2024: $5,445,3372024Assets 2025: $5,777,417Liabilities 2025: $14,850Net Assets 2025: $5,762,5672025

Highlighted filing

2018

Assets$5,152,434
Liabilities$7,299
Net Assets$5,145,135

Operations Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2017: $253,677Expenses 2017: $805,381Net Income 2017: -$551,7042017Revenue 2018: $1,238,481Expenses 2018: $246,771Net Income 2018: $991,7102018Revenue 2018: $1,238,481Expenses 2018: $246,771Net Income 2018: $991,7102018Revenue 2019: $354,146Expenses 2019: $336,291Net Income 2019: $17,8552019Revenue 2020: $273,121Expenses 2020: $336,631Net Income 2020: -$63,5102020Revenue 2021: $310,251Expenses 2021: $291,634Net Income 2021: $18,6172021Revenue 2022: $441,019Expenses 2022: $288,062Net Income 2022: $152,9572022Revenue 2023: $213,462Expenses 2023: $281,600Net Income 2023: -$68,1382023Revenue 2024: $194,301Expenses 2024: $311,849Net Income 2024: -$117,5482024Revenue 2025: $423,717Expenses 2025: $342,875Net Income 2025: $80,8422025

Highlighted filing

2018

Revenue$1,238,481
Expenses$246,771
Net Income$991,710
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 5, 2019
Return Version
2017v2.3
Gross Receipts
$2,486,320
Mission and Program Overview

Mission

The foundation supports the activities of the akron bar association under section 509(a)(3). The foundation also acts as the charitable arm of the akron bar association and provides scholarships to deserving law students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,294,617$3,873,473▲ $578,856
Land, Buildings, and Equipment, Net$730,454$702,938▼ $27,516
Savings and Temporary Cash Investments$147,527$466,045▲ $318,518
Pledges and Grants Receivable$122,639$99,080▼ $23,559
Prepaid Expenses and Deferred Charges$8,122$9,948▲ $1,826
Accounts Receivable$850$950▲ $100
Total Assets$4,304,209$5,152,434▲ $848,225
Liabilities
Deferred Revenue$6,250$5,360▼ $890
Accounts Payable and Accrued Expenses$1,514$1,939▲ $425
Total Liabilities$7,764$7,299▼ $465
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,231,009$2,061,511▲ $830,502
Unrestricted Net Assets$1,823,808$1,806,563▼ $17,245
Temporarily Rstr Net Assets$1,241,628$1,277,061▲ $35,433
Total Net Assets Fund Balance$4,296,445$5,145,135▲ $848,690
Total Liabilities and Net Assets / Fund Balance$4,304,209$5,152,434▲ $848,225

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$702,938$283,914$986,852

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$1,231,009$764,028▲ $122,038-$2,061,511
2016$1,115,436$57,335▲ $120,791-$1,231,009
2015$1,115,503$54,414▲ $1,004-$1,115,436
2014$1,075,385$57,802▲ $39,449-$1,115,503
2013$882,162$75,666▲ $160,087-$1,075,385
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$818,396
Program Service Revenue
$0
Investment Income
$420,085
Other Revenue
$0
All Other Contributions
$818,396
Change in Net Assets
$991,710

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,238,481
Revenue Not Reported on Form 990
$-143,020
Total Revenue per Audited Statements
$1,095,461
Total Revenue per Form 990
$1,238,481
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$184,671
Grants and Similar Amounts Paid$62,100
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$40,000--$40,000
Fees for Service Investment Mgmnt Fees$18,810$15,578-$34,388
Depreciation Depletion$741$26,776-$27,517
Grants to Domestic Orgs$22,100--$22,100
All Other Expenses$13,376$4,175-$17,551
Other Expenses$33,512$11,180-$11,180
Fees for Services Accounting-$6,800-$6,800
Office Expenses-$181-$181
Total Functional Expenses$151,450$95,321$0$246,771

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$246,771
Total Expenses per Audited Statements$246,771
Total Expenses per Form 990$246,771
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
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
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, Page 6, Part VI, Line 7A

Members are those persons defined in the corporation's code of regulations who meet the membership requirements,

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

A copy of form 990 is provided to the board of governors for their review prior to filing.

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

The board of governors complete a disclosure statement annually confirming that they are not in violation of the conflict of interest policy.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Akron Bar Foundation
EIN
34-1503646
Phone
3302535007
Address
57 SOUTH BROADWAY, AKRON, OH 44308

Signing Officer

Name
C Allen Nichols
Title
Executive Director
Phone
3302535007
Signed
2019-02-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
C Allen Nichols
Legal Domicile
Oh
Voting Board Members
17
Independent Board Members
17
Employees
0

Preparer

Firm
Stinnett Padrutt & Aranyosi
Address
3465 S ARLINGTON RD STE A, AKRON, OH 44312-4708
Preparer
Richard a Schrader
Phone
3308991571
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The foundation supports the activities of the akron bar association under section 509(a)(3). The foundation also acts as the charitable arm of the akron bar association and provides scholarships to deserving law students.

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IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt036732
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IRS990/PYContributionsGrantsAmt0107429
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt056000
IRS990/PYInvestmentIncomeAmt0146248
IRS990/PYOtherExpensesAmt0749381
IRS990/PYRevenuesLessExpensesAmt0-551704
IRS990/PYTotalExpensesAmt0805381
IRS990/PYTotalRevenueAmt0253677
IRS990/ReconcilationRevenueExpnssAmt0991710
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0147527
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0466045
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
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IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0341683645
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0AKRON BAR ASSOCIATION (A 501(C)(6) ORGANIZATION)
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt022130
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01231009
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0764028
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02061511
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt040230
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0122038
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt018298
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01115436
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt057335
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01231009
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt044255
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0120791
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt016751
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01115503
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt054414
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01115436
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt037000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01004
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt016131
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01075385
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt057802
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01115503
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt032500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt039449
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt013529
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0882162
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt075666
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01075385
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt029400
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0160087
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0246771
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-143020
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0702938
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0283914
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0986852
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt0-143020
IRS990ScheduleD/RevenueSubtotalAmt01238481
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0702938
IRS990ScheduleD/TotalExpensesPerForm990Amt0246771
IRS990ScheduleD/TotalRevenuePerForm990Amt01238481
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01095461
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0246771
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt040000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt06
IRS990ScheduleI/Total501c3OrgCnt011
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION SUPPORTS THE ACTIVITIES OF THE AKRON BAR ASSOCIATION UNDER SECTION 509(A)(3). THE FOUNDATION ALSO ACTS AS THE CHARITABLE ARM OF THE AKRON BAR ASSOCIATION AND PROVIDES SCHOLARSHIPS TO DESERVING LAW STUDENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ARE THOSE PERSONS DEFINED IN THE CORPORATION'S CODE OF REGULATIONS WHO MEET THE MEMBERSHIP REQUIREMENTS,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF FORM 990 IS PROVIDED TO THE BOARD OF GOVERNORS FOR THEIR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF GOVERNORS COMPLETE A DISCLOSURE STATEMENT ANNUALLY CONFIRMING THAT THEY ARE NOT IN VIOLATION OF THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0AKRON BAR ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0341683645
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt057 SOUTH BROADWAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0AKRON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd044308
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true

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