Civic Intelligence

Foundation for Geauga Parks

990 • Fiscal year 2023 • EIN 34-1677366

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 08, 2024

12375 Kinsman Road Suite H-10Newbury, OH 44065

(440) 564-1048

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.01x

Higher debt load relative to assets than 43% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

57th percentile

0.04x

Higher debt load relative to revenue than 57% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

13th percentile

-27%

Higher net margin than 13% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

66th percentile

$45,904

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 28.0% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

50th percentile

3.9%

Faster asset growth than 50% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

9th percentile

-38%

Faster revenue growth than 9% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$938,575

Up $35,125 (+3.9%) from 2022

Net Assets

Up

$932,176

Up $31,364 (+3.5%) from 2022

Liabilities

Up

$6,399

Up $3,761 (+143%) from 2022

Revenue

Down

$164,110

Down $101,296 (-38%) from 2022

Expenses

Down

$208,475

Down $100,348 (-32%) from 2022

Net Income

Down

-$44,365

Down $948 (-2.2%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $491,455Liabilities 2010: $0Net Assets 2010: $491,4552010Assets 2011: $758,499Liabilities 2011: $0Net Assets 2011: $758,4992011Assets 2012: $800,085Liabilities 2012: $13,240Net Assets 2012: $786,8452012Assets 2013: $1,275,997Liabilities 2013: $2,227Net Assets 2013: $1,273,7702013Assets 2014: $904,444Liabilities 2014: $3,969Net Assets 2014: $900,4752014Assets 2018: $780,743Liabilities 2018: $3,292Net Assets 2018: $777,4512018Assets 2019: $937,885Liabilities 2019: $5,781Net Assets 2019: $932,1042019Assets 2020: $1,029,482Liabilities 2020: $120Net Assets 2020: $1,029,3622020Assets 2021: $1,098,408Liabilities 2021: $3,038Net Assets 2021: $1,095,3702021Assets 2022: $903,450Liabilities 2022: $2,638Net Assets 2022: $900,8122022Assets 2023: $938,575Liabilities 2023: $6,399Net Assets 2023: $932,1762023Assets 2024: $1,248,200Liabilities 2024: $53,248Net Assets 2024: $1,194,9522024

Highlighted filing

2023

Assets$938,575
Liabilities$6,399
Net Assets$932,176

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $191,8282010Expenses 2011: $206,7902011Expenses 2012: $491,7892012Revenue 2013: $937,837Expenses 2013: $450,912Net Income 2013: $486,9252013Revenue 2014: $239,328Expenses 2014: $612,623Net Income 2014: -$373,2952014Revenue 2018: $135,712Expenses 2018: $77,422Net Income 2018: $58,2902018Revenue 2019: $192,689Expenses 2019: $112,212Net Income 2019: $80,4772019Revenue 2020: $159,910Expenses 2020: $121,128Net Income 2020: $38,7822020Revenue 2021: $171,689Expenses 2021: $135,488Net Income 2021: $36,2012021Revenue 2022: $265,406Expenses 2022: $308,823Net Income 2022: -$43,4172022Revenue 2023: $164,110Expenses 2023: $208,475Net Income 2023: -$44,3652023Revenue 2024: $503,820Expenses 2024: $309,694Net Income 2024: $194,1262024

Highlighted filing

2023

Revenue$164,110
Expenses$208,475
Net Income-$44,365
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 8, 2024
Return Version
2023v5.0
Gross Receipts
$208,458
Mission and Program Overview

Mission

To fund community engagement with nature through education, preservation, conservation, and appreciation of the unique natural character of geauga county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$815,882$874,922▲ $59,040
Savings and Temporary Cash Investments$78,757$49,397▼ $29,360
Pledges and Grants Receivable$650$9,568▲ $8,918
Prepaid Expenses and Deferred Charges$3,249$2,858▼ $391
Intangible Assets$4,702$1,620▼ $3,082
Accounts Receivable$210$210→ $0
Total Assets$903,450$938,575▲ $35,125
Liabilities
Accounts Payable and Accrued Expenses$2,638$6,399▲ $3,761
Total Liabilities$2,638$6,399▲ $3,761
Net Assets / Fund Balance
Net Assets With Donor Restrictions$674,737$766,220▲ $91,483
Net Assets Without Donor Restrictions$226,075$165,956▼ $60,119
Total Net Assets Fund Balance$900,812$932,176▲ $31,364
Total Liabilities and Net Assets / Fund Balance$903,450$938,575▲ $35,125

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$18,123--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$459,678-▲ $60,175-$519,603
2022$544,813-▼ $83,190-$459,678
2021$500,061-▲ $45,002-$544,813
2020$475,328-▲ $69,150-$500,061
2019$389,398$135▲ $86,045-$475,328
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Christine DavidsonExecutive DiFT$45,904$45,904

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$91,929
Program Service Revenue
$0
Investment Income
$27,185
Other Revenue
$44,996
All Other Contributions
$91,929
Change in Net Assets
$-44,365

Audited Revenue Reconciliation

Revenue per Audited Statements
$164,110
Revenue Not Reported on Form 990
$75,729
Total Revenue per Audited Statements
$239,839
Total Revenue per Form 990
$164,110
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$121,838
Total Fundraising Expense$93,448
Grants and Similar Amounts Paid$47,394
Other Expenses$39,243
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$455$25,338$40,148$65,941
Grants to Domestic Orgs$47,394--$47,394
Current Officers, Directors, Trustees, and Key Employees$316$17,640$27,948$45,904
Payroll Taxes$68$3,785$5,997$9,850
Office Expenses$14$1,743$7,054$8,811
Advertising-$922$5,946$6,868
Occupancy-$6,473-$6,473
Fees for Services Accounting-$5,375-$5,375
Depreciation Depletion--$3,081$3,081
Fees for Services Other-$1,590$1,453$3,043
Insurance-$2,696-$2,696
Travel$6$375$595$976
Other Expenses$4$213$257$470
Other Employee Benefits$1$55$87$143
Total Functional Expenses$48,264$66,763$93,448$208,475

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$208,475
Total Expenses per Audited Statements$208,475
Total Expenses per Form 990$208,475
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$86,310
Fundraising Direct Expenses$44,348
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Twilight Soiree$76,724$76,724$37,836$38,888
Race$9,586$9,586$6,512$3,074
Total Events$86,310$86,310$44,348$41,962
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
Backup withholding compliance
No
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
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 11B

The 990 is prepared by the foundations independent auditors and reviewed by the foundations treasurer. A copy of the 990 is provided to the board of trustees for review and discussion before filling.

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

All directors, officers, trustees and selected volunteers and selected employees shall annually receive a copy of the conflict of interest policy, together with an explanation and procedure form and a confidential statement of disclosure that shall be completed and returned. Each new director, office, trustee, and volunteer and selected employee shall participate in a similar procedure immediately upon assumption of his/her responsibilities.

Form 990, Page 6, Part VI, Line 19

Form 990 is posted on guidestar for public viewing, and governing documents are available on request.

Filing and Contact Details

Filer

Filer Name
Foundation for Geauga Parks
EIN
34-1677366
Phone
4405641048
Address
12375 KINSMAN ROAD SUITE H-10, NEWBURY, OH 44065

Signing Officer

Name
Sheryl Vernon
Title
Treasurer
Phone
4402869516
Signed
2024-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sheryl Vernon
Formed
1990
Legal Domicile
Oh
Voting Board Members
13
Independent Board Members
13
Employees
6
Volunteers
54

Preparer

Firm
Nms Inc
Address
8383 MENTOR AVENUE, MENTOR, OH 44060
Preparer
Joseph R Michalski CPA
Phone
4402865222
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The foundation maintains endowment funds for donor designated purposes that are consistent with the foundations mission.

Schedule D, Page 3, Part X

The foundation adopted the provisions of "accounting for uncertainty in income taxes" which prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The amount recognized is measured as the amount of benefit that is greater than 50% likely of being realized upon ultimate settlement.

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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1226
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2213
IRS990/OtherExpensesGrp/ProgramServicesAmt06
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IRS990/OtherExpensesGrp/TotalAmt1587
IRS990/OtherExpensesGrp/TotalAmt2470
IRS990/OtherRevenueMiscGrp/Desc0PROCESSING FEES REVENUE
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03034
IRS990/OtherRevenueTotalAmt03034
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt040148
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IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt05997
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IRS990/PayrollTaxesGrp/ProgramServicesAmt068
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IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0650
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt09568
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03249
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02858
IRS990/PrincipalOfficerNm0SHERYL VERNON
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0188523
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0149471
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IRS990/PYOtherRevenueAmt051842
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IRS990/PYSalariesCompEmpBnftPaidAmt0117636
IRS990/PYTotalExpensesAmt0308823
IRS990/PYTotalRevenueAmt0265406
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IRS990/QuidProQuoContriDisclInd0true
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IRS990/RegularMonitoringEnfrcInd0true
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IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0false
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt078757
IRS990/SavingsAndTempCashInvstGrp/EOYAmt049397
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt091929
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0188523
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0110906
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0114824
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0114949
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0-1737
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0-2503
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0369607
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IRS990ScheduleA/PublicSupportPY170Pct00.91610
IRS990ScheduleA/PublicSupportTotal170Amt0621131
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0114949
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0621131
IRS990ScheduleA/TotalSupportAmt0680313
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt060175
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0459678
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-83190
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0-250
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0735170
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1121629
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt218123
IRS990ScheduleD/OtherSecuritiesGrp/Desc0FIDELITY LT
IRS990ScheduleD/OtherSecuritiesGrp/Desc1FIDELITY ST
IRS990ScheduleD/OtherSecuritiesGrp/Desc2CLEVELAND FOUNDATION
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
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IRS990ScheduleD/RevenueNotReportedAmt075729
IRS990ScheduleD/RevenueSubtotalAmt0164110
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION MAINTAINS ENDOWMENT FUNDS FOR DONOR DESIGNATED PURPOSES THAT ARE CONSISTENT WITH THE FOUNDATIONS MISSION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION ADOPTED THE PROVISIONS OF "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" WHICH PRESCRIBES A RECOGNITION THRESHOLD AND A MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FOR THOSE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE AMOUNT RECOGNIZED IS MEASURED AS THE AMOUNT OF BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalBookValueSecuritiesAmt0874922
IRS990ScheduleD/TotalExpensesPerForm990Amt0208475
IRS990ScheduleD/TotalRevenuePerForm990Amt0164110

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