Civic Intelligence

Bowling Green Community Development Foundation

990 • Fiscal year 2023 • EIN 34-1585365

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

217 S Church StreetBowling Green, OH 43402

(419) 353-3591

Siviq Scores

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

Liabilities / Assets

12th percentile

0.00x

Higher debt load relative to assets than 12% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

15th percentile

0.00x

Higher debt load relative to revenue than 15% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Net Margin

93rd percentile

34%

Higher net margin than 93% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

28th percentile

$13,692

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 8.0% of source-year revenue.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Asset Growth

28th percentile

-1.2%

Faster asset growth than 28% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

1st percentile

-58%

Faster revenue growth than 1% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$2,024,448

Down $24,518 (-1.2%) from 2022

Net Assets

Up

$2,023,756

Up $33,248 (+1.7%) from 2022

Liabilities

Down

$692

Down $57,766 (-99%) from 2022

Revenue

Down

$170,614

Down $236,332 (-58%) from 2022

Expenses

Down

$113,098

Down $137,258 (-55%) from 2022

Net Income

Down

$57,516

Down $99,074 (-63%) from 2022

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2014: $1,218,981Liabilities 2014: $27,064Net Assets 2014: $1,191,9172014Assets 2015: $1,320,824Liabilities 2015: $38,578Net Assets 2015: $1,282,2462015Assets 2016: $1,365,278Liabilities 2016: $26,600Net Assets 2016: $1,338,6782016Assets 2017: $1,606,174Liabilities 2017: $110,243Net Assets 2017: $1,495,9312017Assets 2018: $1,745,187Liabilities 2018: $107,665Net Assets 2018: $1,637,5222018Assets 2019: $1,679,308Liabilities 2019: $3,547Net Assets 2019: $1,675,7612019Assets 2020: $1,713,763Liabilities 2020: $1,167Net Assets 2020: $1,712,5962020Assets 2021: $1,834,005Liabilities 2021: $1,877Net Assets 2021: $1,832,1282021Assets 2022: $2,048,966Liabilities 2022: $58,458Net Assets 2022: $1,990,5082022Assets 2023: $2,024,448Liabilities 2023: $692Net Assets 2023: $2,023,7562023Assets 2024: $3,965,545Liabilities 2024: $406,929Net Assets 2024: $3,558,6162024

Highlighted filing

2023

Assets$2,024,448
Liabilities$692
Net Assets$2,023,756

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2014: $262,083Expenses 2014: $201,773Net Income 2014: $60,3102014Revenue 2015: $363,290Expenses 2015: $392,609Net Income 2015: -$29,3192015Revenue 2016: $293,538Expenses 2016: $279,779Net Income 2016: $13,7592016Revenue 2017: $444,742Expenses 2017: $234,386Net Income 2017: $210,3562017Revenue 2018: $454,478Expenses 2018: $226,785Net Income 2018: $227,6932018Revenue 2019: $323,665Expenses 2019: $239,860Net Income 2019: $83,8052019Revenue 2020: $316,286Expenses 2020: $234,936Net Income 2020: $81,3502020Revenue 2021: $317,672Expenses 2021: $246,248Net Income 2021: $71,4242021Revenue 2022: $406,946Expenses 2022: $250,356Net Income 2022: $156,5902022Revenue 2023: $170,614Expenses 2023: $113,098Net Income 2023: $57,5162023Revenue 2024: $1,703,517Expenses 2024: $177,461Net Income 2024: $1,526,0562024

Highlighted filing

2023

Revenue$170,614
Expenses$113,098
Net Income$57,516
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$240,594
Mission and Program Overview

Mission

Promote the economic welfare of the Bowling Green, OH Community.

Promote the economic welfare of the bowling green, ohio community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$1,217,419$1,211,030▼ $6,389
Rtn Earn Endowment Incm Other Fnds$773,089$812,726▲ $39,637
Savings and Temporary Cash Investments$761,057$722,168▼ $38,889
Land, Buildings, and Equipment, Net$674,237$674,237→ $0
Cash and Non-Interest-Bearing Accounts$540,063$581,546▲ $41,483
Other Notes and Loans Receivable, Net$73,609$46,497▼ $27,112
Total Assets$2,048,966$2,024,448▼ $24,518
Liabilities
Accounts Payable and Accrued Expenses$58,458$692▼ $57,766
Total Liabilities$58,458$692▼ $57,766
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,990,508$2,023,756▲ $33,248
Total Liabilities and Net Assets / Fund Balance$2,048,966$2,024,448▼ $24,518

Asset Categories

AssetBook ValueDepreciationBasis
Land$674,237-$674,237
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kati M ThompsonExecutive DirectorPT$13,692$13,692

Board Members and Trustees

NameTitle
Todd FerrellPast President
Ben OtleyPresident
Mike Rywalski1st Vice President
Brad LeighBoard Rep at Large
Phil SimmonsBoard Rep at Large
Troy SonnerBoard Rep at Large
Andy Newlove2nd VP
Lori TretterCity Rep
Travis ReiffIndustrial Rep at Large
Nate SpitlerSectreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$154,311
Program Service Revenue
$30,391
Investment Income
$-37,482
Other Revenue
$23,394
Change in Net Assets
$57,516
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$69,897
Salaries, Compensation, and Employee Benefits$39,922
Grants and Similar Amounts Paid$3,279
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$23,056--$23,056
Advertising$16,594--$16,594
Current Officers, Directors, Trustees, and Key Employees$13,692--$13,692
Occupancy$9,447--$9,447
Information Technology$5,191--$5,191
Fees for Services Accounting$4,160--$4,160
Conferences and Meetings$3,959--$3,959
Grants to Domestic Orgs$3,279--$3,279
Payroll Taxes$3,174--$3,174
Other Expenses$2,716--$2,716
Office Expenses$2,702--$2,702
Travel$2,688--$2,688
Insurance$1,795--$1,795
Interest$380--$380
Total Functional Expenses$113,098$0$0$113,098
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

Membership may be purchased for $750 annually and is open to all organizations interested in promoting the economic development in the area of bowling green, oh.

Member election for additional members Part VI line 7A

Membership is open and new members are not subject to a voting process.

Governing body decisions Part VI line 7B

Membership annually elects the board of trustees.

Form 990 governing body review Part VI line 11

The form 990 is provided to the board of trustees at the monthly meeting

CEO executive director top management comp Part VI line 15A

The board of trustees examines data from other local governments and school districts in order to determine the executive director and staffs compensation.

Other officer or key employee compensation Part VI line 15B

The board of trustees examines data from other local governments and school districts in order to determine the executive director and staffs compensation.

Governing documents etc available to public Part VI line 19

The form 990, board minutes and any governing documents are avaialble by request at the bowling green community development foundations office.

Filing and Contact Details

Filer

Filer Name
Bowling Green Community Development Foundation
EIN
34-1585365
Address
217 S CHURCH STREET, BOWLING GREEN, OH 43402

Signing Officer

Name
Kati Thompson
Title
Director
Phone
4193533591
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
1988
Legal Domicile
Oh
Voting Board Members
59
Independent Board Members
59
Employees
2
Volunteers
60

Preparer

Firm
Kress & Company LLC
Address
980 W Poe Road Ste 2, Bowling Green, OH 43402
Preparer
Amanda J Kress CPA
Phone
4194195039
Supplemental Narrative

Additional Explanations

Part X response or note to any line in Part X

Cumulative adjustment to reflect full balance sheet disclosure under modified cash basis. Property and equipment had been recorded as an expenditure when paid for and not depreciated. The tax return balance sheet has been modified to reflect the cost basis of all assets and liabilities as of the end of the year, although they have already been recognized as revenue and expenditures under the basis of accounting the foundation uses for its financial statements.

Part XI response or note to any line in Part XI

Reimbursement of fraud loss from 2022.

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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt023056
IRS990/OtherSalariesAndWagesGrp/TotalAmt023056
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt073609
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt046497
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt03174
IRS990/PayrollTaxesGrp/TotalAmt03174
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt01217419
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt01211030
IRS990/PoliticalCampaignActyInd0false
IRS990/PriorPeriodAdjustmentsAmt02844
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0GRANT REPAYMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt030391
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt030391
IRS990/ProgSrvcAccomActy2Grp/Desc0ATTRACT NEW BUSINESSES AND RETAIN OR EXPAND EXISTING BUSINESSES BY FACILITATING NEGOTIATIONS FOR TAX INCENTIVES, IMPROVEMENTS,ALLOWANCES AND LOCATING SUITABLE BUSINESS LOCATIONS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt012180
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt016718
IRS990/ProgSrvcAccomActy3Grp/Desc0ADMINISTER THE DISCRETIONARY ASSISTANCE FUND, REVOLVING LOAN FUND AND ENERGY EFFICIENCY REVOLVING LOAN FUND. THESE FUNDS ARE AVAILABLE TO NEW AND EXISTING BUSINESSES THAT MEET THE CRITERIA SET UP FOR EACH OF THE FINANCIAL ASSISTANCE PROGRAMS. FUNDS ARE USED FOR ASSISTING AND DEVELOPING LOCAL INDUSTRY BY AIDING IN PROJECTS THAT CREATE AND RETAIN PRIVATE SECTOR JOB OPPORTUNITIES OR IMPORVE A FACILITIES ENERGY EFFICIENCY IN TERMS OF ELECTRICAL CONSUMPTION
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt03279
IRS990/ProgSrvcAccomActy3Grp/GrantAmt03279
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt030391
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0254732
IRS990/PYGrantsAndSimilarPaidAmt029929
IRS990/PYInvestmentIncomeAmt0112996
IRS990/PYOtherExpensesAmt099617
IRS990/PYOtherRevenueAmt011079
IRS990/PYProgramServiceRevenueAmt028139
IRS990/PYRevenuesLessExpensesAmt0156590
IRS990/PYSalariesCompEmpBnftPaidAmt0120810
IRS990/PYTotalExpensesAmt0250356
IRS990/PYTotalRevenueAmt0406946
IRS990/ReconcilationRevenueExpnssAmt057516
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt020991
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0122122
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0773089
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0812726
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0761057
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0722168
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IRS990ScheduleD/LandGrp/BookValueAmt0674237
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0674237
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0674237
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERSHIP MAY BE PURCHASED FOR $750 ANNUALLY AND IS OPEN TO ALL ORGANIZATIONS INTERESTED IN PROMOTING THE ECONOMIC DEVELOPMENT IN THE AREA OF BOWLING GREEN, OH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERSHIP IS OPEN AND NEW MEMBERS ARE NOT SUBJECT TO A VOTING PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERSHIP ANNUALLY ELECTS THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS PROVIDED TO THE BOARD OF TRUSTEES AT THE MONTHLY MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF TRUSTEES EXAMINES DATA FROM OTHER LOCAL GOVERNMENTS AND SCHOOL DISTRICTS IN ORDER TO DETERMINE THE EXECUTIVE DIRECTOR AND STAFFS COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF TRUSTEES EXAMINES DATA FROM OTHER LOCAL GOVERNMENTS AND SCHOOL DISTRICTS IN ORDER TO DETERMINE THE EXECUTIVE DIRECTOR AND STAFFS COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FORM 990, BOARD MINUTES AND ANY GOVERNING DOCUMENTS ARE AVAIALBLE BY REQUEST AT THE BOWLING GREEN COMMUNITY DEVELOPMENT FOUNDATIONS OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CUMULATIVE ADJUSTMENT TO REFLECT FULL BALANCE SHEET DISCLOSURE UNDER MODIFIED CASH BASIS. PROPERTY AND EQUIPMENT HAD BEEN RECORDED AS AN EXPENDITURE WHEN PAID FOR AND NOT DEPRECIATED. THE TAX RETURN BALANCE SHEET HAS BEEN MODIFIED TO REFLECT THE COST BASIS OF ALL ASSETS AND LIABILITIES AS OF THE END OF THE YEAR, ALTHOUGH THEY HAVE ALREADY BEEN RECOGNIZED AS REVENUE AND EXPENDITURES UNDER THE BASIS OF ACCOUNTING THE FOUNDATION USES FOR ITS FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8REIMBURSEMENT OF FRAUD LOSS FROM 2022.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Part X response or note to any line in Part X
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Part XI response or note to any line in Part XI
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02048966
IRS990/TotalAssetsEOYAmt02024448
IRS990/TotalAssetsGrp/BOYAmt02048966
IRS990/TotalAssetsGrp/EOYAmt02024448
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0154311
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0113098
IRS990/TotalFunctionalExpensesGrp/TotalAmt0113098
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt058458
IRS990/TotalLiabilitiesEOYAmt0692
IRS990/TotalLiabilitiesGrp/BOYAmt058458
IRS990/TotalLiabilitiesGrp/EOYAmt0692
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01990508
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02023756
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0113098
IRS990/TotalProgramServiceRevenueAmt030391
IRS990/TotalReportableCompFromOrgAmt013692
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt016303
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0170614
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt060
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02048966
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02024448
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt02688
IRS990/TravelGrp/TotalAmt02688
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt059
IRS990/VotingMembersIndependentCnt059
IRS990/WebsiteAddressTxt0WWW.BOWLINGGREEN-OH.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KATI THOMPSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04193533591
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BOWLING GREEN COMMUNITY DEVELOPMENT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0BOWL
ReturnHeader/Filer/EIN0341585365
ReturnHeader/Filer/USAddress/AddressLine1Txt0217 S CHURCH STREET
ReturnHeader/Filer/USAddress/CityNm0BOWLING GREEN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd043402
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0453273424
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Kress & Company LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0980 W Poe Road Ste 2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bowling Green
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd043402
ReturnHeader/PreparerPersonGrp/PhoneNum04194195039
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Amanda J Kress CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-11-14T14:34:40-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01

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