Civic Intelligence

Ardmore Foundation Inc.

990 • Fiscal year 2018 • EIN 34-1663328

Jul 01, 2017 to Jun 30, 2018 • Filed on May 13, 2019

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

71st percentile

0.29x

Higher debt load relative to assets than 71% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

93rd percentile

3.23x

Higher debt load relative to revenue than 93% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

32nd percentile

-2.6%

Higher net margin than 32% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

43rd percentile

-0.6%

Faster asset growth than 43% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

77th percentile

23%

Faster revenue growth than 77% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,448,063

Down $8,644 (-0.6%) from 2017

Net Assets

Up

$1,023,739

Up $11,921 (+1.2%) from 2017

Liabilities

Down

$424,324

Down $20,565 (-4.6%) from 2017

Revenue

Up

$131,451

Up $24,230 (+23%) from 2017

Expenses

Up

$134,847

Up $1,897 (+1.4%) from 2017

Net Income

Up

-$3,396

Up $22,333 (+87%) from 2017

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

2018

Assets$1,448,063
Liabilities$424,324
Net Assets$1,023,739

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

2018

Revenue$131,451
Expenses$134,847
Net Income-$3,396
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 13, 2019
Return Version
2017v2.3
Gross Receipts
$131,451
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. and the individuals they serve.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$736,356$697,891▼ $38,465
Investments in Publicly Traded Securities$599,144$646,730▲ $47,586
Cash and Non-Interest-Bearing Accounts$25,795$99,446▲ $73,651
Other Notes and Loans Receivable, Net$86,285--
Prepaid Expenses and Deferred Charges$3,843$3,996▲ $153
Accounts Receivable$866--
Total Assets$1,456,707$1,448,063▼ $8,644
Other Assets Total$4,418--
Liabilities
Mortgage Notes Payable Secured by Investment Property$427,838$405,676▼ $22,162
Accounts Payable and Accrued Expenses$8,051$9,648▲ $1,597
Other Liabilities$9,000$9,000→ $0
Total Liabilities$444,889$424,324▼ $20,565
Net Assets / Fund Balance
Unrestricted Net Assets$1,011,818$1,023,739▲ $11,921
Total Net Assets Fund Balance$1,011,818$1,023,739▲ $11,921
Total Liabilities and Net Assets / Fund Balance$1,456,707$1,448,063▼ $8,644

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$371,226$275,328$646,554
Leasehold Improvements$225,217$206,364$431,581
Land$101,448-$101,448
Equipment-$31,502$31,502
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
-Executive DirectorPT$3,600$3,600

Board Members and Trustees

NameTitle
Michael ChristiePresident
Jim PachellVice President
Elizabeth ShaverMember
John BallardMember
Maureen Van DuserMember
Boyd MarshTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$21,630
Program Service Revenue
$76,252
Investment Income
$33,569
Other Revenue
$0
All Other Contributions
$21,630
Change in Net Assets
$-3,396
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$114,323
Grants and Similar Amounts Paid$20,524
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$36,350$2,115-$38,465
Grants to Domestic Orgs$20,524--$20,524
Interest$13,159$6,530-$19,689
Insurance$2,754$5,114-$7,868
Other Expenses$6,353$2,632-$6,353
Fees for Services Other-$3,450-$3,450
All Other Expenses$1,287$-701-$586
Total Functional Expenses$115,707$19,140$0$134,847
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ardmore IncAkron, OH--$20,524
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
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, Part VI, Line 11B

Form 990 for the year ended June 30, 2018 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
Fred Strelbicki
Title
Executive Director
Signed
2019-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fred Strelbicki Executive Director
Formed
1990
Legal Domicile
Oh
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Laura J MacDonald CPA Inc
Address
135 North Broadway, Medina, OH 44256
Preparer
Laura J MacDonald
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 Ardmore Foundation has adopted the provisions of FASB ASC 740-10-25, that requires the disclosure of uncertain tax positions. There have been no interest or penalties recognized in the financial statements for 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/GrossInvestmentIncome509Grp/TotalAmt025830
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt076252
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt081252
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0121539
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0273972
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0265232
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0818247
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt012590
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05984
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt07072
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt088
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt096
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt025830
IRS990ScheduleA/InvestmentIncomeCYPct00.02660
IRS990ScheduleA/InvestmentIncomePYPct00.02790
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0250
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt016577
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt030851
IRS990ScheduleA/OtherIncome509Grp/TotalAmt047678
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.92430
IRS990ScheduleA/PublicSupportPY509Pct00.91580
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0897047
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt097882
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0101237
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0135213
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0287067
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0275648
IRS990ScheduleA/Total509Grp/TotalAmt0897047
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0110472
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0107221
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0142535
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0303732
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0306595
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0970555
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0371226
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0275328
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0646554
IRS990ScheduleD/EquipmentGrp/DepreciationAmt031502
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt031502
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0101448
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0101448
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0225217
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0206364
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0431581
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 Ardmore Foundation has adopted the provisions of FASB ASC 740-10-25, that requires the disclosure of uncertain tax positions. There have been no interest or penalties recognized in the financial statements for 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/TotalBookValueLandBuildingsAmt0697891
IRS990ScheduleD/TotalLiabilityAmt09000
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt020524
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Ardmore Inc
IRS990ScheduleI/RecipientTable/RecipientEIN0341218433
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0981 East Market St
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Akron
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OH
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd044305
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
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, 2018 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
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd044305
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01456707
IRS990/TotalAssetsEOYAmt01448063
IRS990/TotalAssetsGrp/BOYAmt01456707
IRS990/TotalAssetsGrp/EOYAmt01448063
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt021630
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt019140
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0115707
IRS990/TotalFunctionalExpensesGrp/TotalAmt0134847
IRS990/TotalGrossUBIAmt00

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