Civic Intelligence

Ardmore Foundation Inc.

990 • Fiscal year 2016 • EIN 34-1663328

Jul 01, 2015 to Jun 30, 2016 • Filed on Apr 21, 2017

981 E Market StreetAkron, OH 44305

(330) 535-2601

Siviq Scores

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

Liabilities / Assets

69th percentile

0.30x

Higher debt load relative to assets than 69% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

88th percentile

1.58x

Higher debt load relative to revenue than 88% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

88th percentile

34%

Higher net margin than 88% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

40th percentile

$34,948

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 12.5% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Assets

$1,481,543

No earlier filing loaded for comparison.

Net Assets

$1,038,506

No earlier filing loaded for comparison.

Liabilities

$443,037

No earlier filing loaded for comparison.

Revenue

$280,129

No earlier filing loaded for comparison.

Expenses

$184,187

No earlier filing loaded for comparison.

Net Income

$95,942

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2016: $1,481,543Liabilities 2016: $443,037Net Assets 2016: $1,038,5062016Assets 2017: $1,456,707Liabilities 2017: $444,889Net Assets 2017: $1,011,8182017Assets 2018: $1,448,063Liabilities 2018: $424,324Net Assets 2018: $1,023,7392018Assets 2019: $1,418,606Liabilities 2019: $402,270Net Assets 2019: $1,016,3362019Assets 2020: $1,376,496Liabilities 2020: $380,664Net Assets 2020: $995,8322020Assets 2021: $1,502,674Liabilities 2021: $358,169Net Assets 2021: $1,144,5052021Assets 2022: $1,325,129Liabilities 2022: $349,002Net Assets 2022: $976,1272022Assets 2023: $1,334,134Liabilities 2023: $313,427Net Assets 2023: $1,020,7072023Assets 2024: $1,368,986Liabilities 2024: $284,707Net Assets 2024: $1,084,2792024

Highlighted filing

2016

Assets$1,481,543
Liabilities$443,037
Net Assets$1,038,506

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2016: $280,129Expenses 2016: $184,187Net Income 2016: $95,9422016Revenue 2017: $107,221Expenses 2017: $132,950Net Income 2017: -$25,7292017Revenue 2018: $131,451Expenses 2018: $134,847Net Income 2018: -$3,3962018Revenue 2019: $115,971Expenses 2019: $125,746Net Income 2019: -$9,7752019Revenue 2020: $122,929Expenses 2020: $154,438Net Income 2020: -$31,5092020Revenue 2021: $165,062Expenses 2021: $118,629Net Income 2021: $46,4332021Revenue 2022: $175,057Expenses 2022: $120,498Net Income 2022: $54,5592022Revenue 2023: $108,048Expenses 2023: $101,958Net Income 2023: $6,0902023Revenue 2024: $112,762Expenses 2024: $118,346Net Income 2024: -$5,5842024

Highlighted filing

2016

Revenue$280,129
Expenses$184,187
Net Income$95,942
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Apr 21, 2017
Return Version
2015v3.0
Gross Receipts
$1,674,633
Mission and Program Overview

Mission

Ardmore Foundation, Inc. was incorporated in September, 1990 for the purpose of operating exclusively for the benefit of Ardmore, Inc. Ardmore, Inc. is a non-profit organization that provides services to persons with developmental disabilities. The Foundation owns and maintains commercial properties which are leased to Ardmore, Inc.

Ardmore Foundation Inc. was incorporated in September 1990 for the purpose of operating exclusively for the benefit of Ardmore, Inc. Ardmore, Inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,188,242$768,232▼ $1,420,010
Cash and Non-Interest-Bearing Accounts$109,911$394,503▲ $284,592
Other Notes and Loans Receivable, Net-$255,048-
Savings and Temporary Cash Investments$60,191$60,276▲ $85
Accounts Receivable-$1,916-
Prepaid Expenses and Deferred Charges$7,780$1,401▼ $6,379
Total Assets$2,371,452$1,481,543▼ $889,909
Other Assets Total$5,328$167▼ $5,161
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,389,883$426,192▼ $963,691
Other Liabilities$19,769$9,000▼ $10,769
Accounts Payable and Accrued Expenses$19,236$7,845▼ $11,391
Total Liabilities$1,428,888$443,037▼ $985,851
Net Assets / Fund Balance
Unrestricted Net Assets$942,564$1,038,506▲ $95,942
Total Net Assets Fund Balance$942,564$1,038,506▲ $95,942
Total Liabilities and Net Assets / Fund Balance$2,371,452$1,481,543▼ $889,909

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$404,382$242,172$646,554
Leasehold Improvements$262,402$161,619$424,021
Land$101,448-$101,448
Equipment-$31,502$31,502
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Rebecca SusanyExecutive DirectorPT$34,948$34,948

Board Members and Trustees

NameTitle
Elizabeth ShaverPresident
Michael ChristieVice President
Boyd MarshMember
John BallardMember
Maureen Van DuserMember
Rick SchlossMember
Jim PachellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$13,674
Program Service Revenue
$121,539
Investment Income
$144,666
Other Revenue
$250
All Other Contributions
$13,674
Change in Net Assets
$95,942
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$164,426
Grants and Similar Amounts Paid$19,761
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$38,784$9,661-$48,445
Interest$16,636$6,769-$23,405
Grants to Domestic Orgs$19,761--$19,761
Insurance$3,079$5,718-$8,797
All Other Expenses$7,308$77-$7,385
Fees for Services Other-$3,683-$3,683
Other Expenses$1,199--$1,199
Office Expenses$134$401-$535
Total Functional Expenses$157,878$26,309$0$184,187
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ardmore IncAkron, OH501c3-$19,761
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
Federal income taxes$9,000
Security Deposits-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
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, Part VI, Line 11B

Form 990 for the year ended June 30, 2015 was reviewed and approved by the Agencys Board of Trustees prior to filing.

Form 990, Part VI, Section B, Line 12C

All Board members are required to review the Agencys Conflict of Interest Policy upon acceptance to the Board of Trustees, and annually thereafter. Any conflicts are required to be disclosed to the Agencys management team and other Board members.

Form 990, Part VI, Section C, Line 19

The Agencys governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Ardmore Foundation Inc
EIN
34-1663328
Phone
3305352601
Address
981 E Market Street, Akron, OH 44305

Signing Officer

Name
Rebecca Susany
Title
Executive Director
Signed
2017-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rebecca Susany Executive Director
Formed
1990
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
6

Preparer

Firm
Laura J MacDonald CPA Inc
Address
135 North Broadway, Medina, OH 44256
Preparer
Laura J MacDonald CPA
Phone
3307221944
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Ardmore Foundation Inc. was incorporated in September, 1990 for the purpose of operating exclusively for the benefit of Ardmore, Inc. Ardmore, Inc. is a non-profit organization that provides services to persons with developemental disabilities. The foundation owns and maintains two commercial properties which are leased to Ardmore, Inc. for use as office space and as an adult day program facility for Ardmore, Inc.s clients.

Financial Statement Notes

X 2

The Foundation has adopted the provisions of FASB ASC 740-10-25 Accounting for Uncertainty in Income Taxes that requires the disclosure of uncertain tax positions. There have been no interest or penalties recognized in the Statements of Financial Position or the Statements of Activities relating to uncertain tax positions. Additionally, no tax positions exist for which it is reasonably possible that the total amount of unrecognized tax benefits will significantly increase or decrease during the next 12 months. The Foundation evaluates uncertain tax positions, if any, on a continual basis.

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IRS990ScheduleA/FactsAndCircumstancesTestTxt0Part III Section B Line 12 OTHER INCOME FUNDRAISING INCOME 2011 - 13,097 2012 - 16,911 2013 - 16,102 2014 - 12,508 2015 -250. TOTAL FUNDRAISING INCOME 58,868. MISCELLANEOUS INCOME 2011 - 1,186 2012 - 1,551 2013 - 14,749 2014 - 4,069. TOTAL MISCELLANEOUS INCOME 21,555. TOTAL 2011 - 14,283 2012 - 18,462 2013 - 30,851 2014 - 16,577 2015 - 250 TOTAL OTHER INCOME 80,423.
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt013674
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt013095
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt010416
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt08785
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt024455
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt070425
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt07072
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt088
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt096
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt019605
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0122
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt026983
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0121539
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0273972
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0265232
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0268962
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0347430
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01277135
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt07072
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt088
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt096
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt019605
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0122
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt026983
IRS990ScheduleA/InvestmentIncomeCYPct00.01850
IRS990ScheduleA/InvestmentIncomePYPct00.01310
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0250
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt016577
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt030851
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt018462
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt014283
IRS990ScheduleA/OtherIncome509Grp/TotalAmt080423
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.92620
IRS990ScheduleA/PublicSupportPY509Pct00.93720
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt01347560
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0135213
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0287067
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0275648
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0277747
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0371885
IRS990ScheduleA/Total509Grp/TotalAmt01347560
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0142535
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0303732
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0306595
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0315814
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0386290
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01454966
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0404382
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0242172
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0646554
IRS990ScheduleD/EquipmentGrp/DepreciationAmt031502
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt031502
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0101448
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0101448
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0262402
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0161619
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0424021
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Security Deposits
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation has adopted the provisions of FASB ASC 740-10-25 Accounting for Uncertainty in Income Taxes that requires the disclosure of uncertain tax positions. There have been no interest or penalties recognized in the Statements of Financial Position or the Statements of Activities relating to uncertain tax positions. Additionally, no tax positions exist for which it is reasonably possible that the total amount of unrecognized tax benefits will significantly increase or decrease during the next 12 months. The Foundation evaluates uncertain tax positions, if any, on a continual basis.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0X 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0768232
IRS990ScheduleD/TotalLiabilityAmt09000
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt019761
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501c3
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Ardmore Inc
IRS990ScheduleI/RecipientTable/RecipientEIN0341218433
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0981 E Market St
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Akron
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OH
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd044305
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleN/DirectorOfSuccessor2Ind0false
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc08 residential properties
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0Summit Housing Dvlpmt Corp
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02015-09-15
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0341703387
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt01437574
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0501 c 3
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0Sales price
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt0636 West Exchange St
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0Akron
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0OH
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd044302
IRS990ScheduleN/EmployeeOfSuccessor2Ind0false
IRS990ScheduleN/OwnerOfSuccessor2Ind0false
IRS990ScheduleN/ReceiveCompensation2Ind0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Ardmore Foundation Inc. was incorporated in September, 1990 for the purpose of operating exclusively for the benefit of Ardmore, Inc. Ardmore, Inc. is a non-profit organization that provides services to persons with developemental disabilities. The foundation owns and maintains two commercial properties which are leased to Ardmore, Inc. for use as office space and as an adult day program facility for Ardmore, Inc.s clients.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 for the year ended June 30, 2015 was reviewed and approved by the Agencys Board of Trustees prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All Board members are required to review the Agencys Conflict of Interest Policy upon acceptance to the Board of Trustees, and annually thereafter. Any conflicts are required to be disclosed to the Agencys management team and other Board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Agencys governing documents, conflict of interest policy, and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part I, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Ardmore Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0341218433
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501c3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Provide services
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0981 E Market Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Akron
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OH

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