Civic Intelligence

The Akron Metro Parks Foundation

990 • Fiscal year 2018 • EIN 34-1683837

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 06, 2019

Organization ProfileWWW.SUMMITMETROPARKS.ORG
975 Treaty Line RoadAkron, OH 44313-5898

(330) 867-5511

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

7th percentile

-46%

Higher net margin than 7% of similar nonprofits.

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

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

3rd percentile

-34%

Faster asset growth than 3% of similar nonprofits.

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

Revenue Growth

96th percentile

169%

Faster revenue growth than 96% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets14th percentile

Assets

Down

$1,232,261

Down $641,706 (-34%) from 2017

Net Assets

Down

$1,232,261

Down $641,706 (-34%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin7th percentile

Revenue

Up

$1,399,016

Up $879,640 (+169%) from 2017

Expenses

Up

$2,040,722

Up $1,701,545 (+502%) from 2017

Net Income

Down

-$641,706

Down $821,905 (-456%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$6.0M$4.0M$2.0M$0Assets 2014: $4,912,671Liabilities 2014: $0Net Assets 2014: $4,912,6712014Assets 2016: $5,233,699Liabilities 2016: $0Net Assets 2016: $5,233,6992016Assets 2017: $1,873,967Liabilities 2017: $0Net Assets 2017: $1,873,9672017Assets 2018: $1,232,261Liabilities 2018: $0Net Assets 2018: $1,232,2612018Assets 2019: $2,324,067Liabilities 2019: $0Net Assets 2019: $2,324,0672019Assets 2020: $1,088,735Liabilities 2020: $0Net Assets 2020: $1,088,7352020Assets 2021: $475,306Liabilities 2021: $0Net Assets 2021: $475,3062021Assets 2022: $1,494,776Liabilities 2022: $0Net Assets 2022: $1,494,7762022Assets 2023: $2,868,937Liabilities 2023: $0Net Assets 2023: $2,868,9372023Assets 2024: $2,724,457Liabilities 2024: $0Net Assets 2024: $2,724,4572024

Highlighted filing

2018

Assets$1,232,261
Liabilities$0
Net Assets$1,232,261
Open 2018 Filing

Operations Trend

Revenue Growth96th percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2014: $273,851Expenses 2014: $8,049Net Income 2014: $265,8022014Revenue 2016: $644,680Expenses 2016: $79,375Net Income 2016: $565,3052016Revenue 2017: $519,376Expenses 2017: $339,177Net Income 2017: $180,1992017Revenue 2018: $1,399,016Expenses 2018: $2,040,722Net Income 2018: -$641,7062018Revenue 2019: $1,638,952Expenses 2019: $547,146Net Income 2019: $1,091,8062019Revenue 2020: $200,344Expenses 2020: $1,435,676Net Income 2020: -$1,235,3322020Revenue 2021: $369,611Expenses 2021: $983,040Net Income 2021: -$613,4292021Revenue 2022: $1,247,131Expenses 2022: $227,661Net Income 2022: $1,019,4702022Revenue 2023: $2,776,407Expenses 2023: $1,402,246Net Income 2023: $1,374,1612023Revenue 2024: $604,403Expenses 2024: $748,883Net Income 2024: -$144,4802024

Highlighted filing

2018

Revenue$1,399,016
Expenses$2,040,722
Net Income-$641,706
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 6, 2019
Return Version
2018v3.1
Gross Receipts
$1,404,707
Mission and Program Overview

Mission

The organization operates for the benefit of the akron metropolitan park district and/or associated tax exempt organizations to further their charitable purpose.

The organization operates for the benefit of the summit metro parks to further it's charitable purpose.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,732,701$1,169,367▼ $563,334
Cash and Non-Interest-Bearing Accounts$141,266$62,894▼ $78,372
Total Assets$1,873,967$1,232,261▼ $641,706
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$277,636$929,115▲ $651,479
Unrestricted Net Assets$1,596,331$303,146▼ $1,293,185
Total Net Assets Fund Balance$1,873,967$1,232,261▼ $641,706
Total Liabilities and Net Assets / Fund Balance$1,873,967$1,232,261▼ $641,706
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Herbert NewmanPresident
Joel BaileyTrustee
Tina UghrinTrustee
Lisa M KingExecutive Di
Mark a SpisakSecretary
Tonya BlockTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,383,318
Program Service Revenue
$0
Investment Income
$7,910
Other Revenue
$7,788
All Other Contributions
$1,382,981
Change in Net Assets
$-641,706
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,040,722
Total Fundraising Expense$15,180
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$12,010$22,018$6,005$40,033
Other Expenses$10,996-$5,390$16,386
Fees for Services Legal-$4,325-$4,325
Office Expenses-$2,754$1,377$4,131
Information Technology$795-$2,023$2,818
All Other Expenses$2,100--$2,100
Fees for Services Accounting-$990-$990
Conferences and Meetings-$766-$766
Advertising--$385$385
Total Functional Expenses$1,994,689$30,853$15,180$2,040,722
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$13,479
Fundraising Direct Expenses$5,691
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
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
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 form 990 is provided to the organization for review by the board members and officers prior to being filed.”

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

“Trustees and officers sign an annual statement acknowledging the conflict of interest policy and their compliance with the policy.”

Form 990, Page 6, Part VI, Line 15A

“The organization has a compensation policy, but currently has no compensated employees, officers, or trustees.”

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
Summit Metro Parks Foundation
EIN
34-1683837
Phone
3308675511
Address
975 TREATY LINE ROAD, AKRON, OH 44313-5898

Signing Officer

Name
Herbert Newman
Title
President
Phone
3308675511
Signed
2019-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Herbert Newman
Formed
1991
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
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, Page 2, Part III, Line 4D

“The summit metro parks foundation raises and stewards funds in support of park district projects. Trail construction and maintenance, park benches, education, implementation of the tree trust for beautification and ecological restoration, youth fishing, the metro parks ensemble, employee scholarships, and the f. A. Seiberling nature realm are among programs receiving ongoing benefit. In addition to ongoing funds, program support for the park district funded in 2018 included rare plant conservation science, education equipment for summit lake gardening programs, and conservation of the wagner historical collection.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgSrvcAccomActy2Grp/Desc0SEVERAL CAPITAL PROJECTS WERE CHAMPIONED BY THE SUMMIT METRO PARKS FOUNDATION. THESE INCLUDE THE COMPLETION OF THE SHADY HOLLOW LODGE WHICH WAS REBUILT AFTER THE TOTAL LOSS OF THE FORMER STRUCTURE TO FIRE, THE GOODYEAR HEIGHTS METRO PARKS COMMUNITY GARDEN, AND PRELIMINARY DESIGN WORK AND CONSTRUCTION OF THE VALLEY VIEW BARN AND SUMMIT LAKE PUMP HOUSE.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE SUMMIT METRO PARKS FOUNDATION RAISES AND STEWARDS FUNDS IN SUPPORT OF PARK DISTRICT PROJECTS. TRAIL CONSTRUCTION AND MAINTENANCE, PARK BENCHES, EDUCATION, IMPLEMENTATION OF THE TREE TRUST FOR BEAUTIFICATION AND ECOLOGICAL RESTORATION, YOUTH FISHING, THE METRO PARKS ENSEMBLE, EMPLOYEE SCHOLARSHIPS, AND THE F. A. SEIBERLING NATURE REALM ARE AMONG PROGRAMS RECEIVING ONGOING BENEFIT. IN ADDITION TO ONGOING FUNDS, PROGRAM SUPPORT FOR THE PARK DISTRICT FUNDED IN 2018 INCLUDED RARE PLANT CONSERVATION SCIENCE, EDUCATION EQUIPMENT FOR SUMMIT LAKE GARDENING PROGRAMS, AND CONSERVATION OF THE WAGNER HISTORICAL COLLECTION.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SUMMIT METRO PARKS FOUNDATION RAISES AND STEWARDS FUNDS IN SUPPORT OF PARK DISTRICT PROJECTS. TRAIL CONSTRUCTION AND MAINTENANCE, PARK BENCHES, EDUCATION, IMPLEMENTATION OF THE TREE TRUST FOR BEAUTIFICATION AND ECOLOGICAL RESTORATION, YOUTH FISHING, THE METRO PARKS ENSEMBLE, EMPLOYEE SCHOLARSHIPS, AND THE F. A. SEIBERLING NATURE REALM ARE AMONG PROGRAMS RECEIVING ONGOING BENEFIT. IN ADDITION TO ONGOING FUNDS, PROGRAM SUPPORT FOR THE PARK DISTRICT FUNDED IN 2018 INCLUDED RARE PLANT CONSERVATION SCIENCE, EDUCATION EQUIPMENT FOR SUMMIT LAKE GARDENING PROGRAMS, AND CONSERVATION OF THE WAGNER HISTORICAL COLLECTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PROVIDED TO THE ORGANIZATION FOR REVIEW BY THE BOARD MEMBERS AND OFFICERS PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TRUSTEES AND OFFICERS SIGN AN ANNUAL STATEMENT ACKNOWLEDGING THE CONFLICT OF INTEREST POLICY AND THEIR COMPLIANCE WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS A COMPENSATION POLICY, BUT CURRENTLY HAS NO COMPENSATED EMPLOYEES, OFFICERS, OR TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
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ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,232,261
Liabilities
$0
Net assets
$1,232,261
Revenue
$1,399,016
Expenses
$2,040,722
Net income
-$641,706
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.72$0.00$2.72$0.60$0.75$0.14
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.87$0.00$2.87$2.78$1.40$1.37
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$0.00$1.49$1.25$0.23$1.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.48$0.00$0.48$0.37$0.98$0.61
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$0.00$1.09$0.20$1.44$1.24
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.32$0.00$2.32$1.64$0.55$1.09
2018Detailed filing. Detailed filing data is available for this year.$1.23$0.00$1.23$1.40$2.04$0.64
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.87$0.00$1.87$0.52$0.34$0.18
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.23$0.00$5.23$0.64$0.08$0.57
2014Detailed filing. Detailed filing data is available for this year.$4.91$0.00$4.91$0.27$0.01$0.27