Civic Intelligence

Menorah Park Foundation

990 • Fiscal year 2016 • EIN 34-1778478

Jul 01, 2015 to Jun 30, 2016 • Filed on May 10, 2017

27100 Cedar RoadBeachwood, OH 44122

(216) 831-6500

Siviq Scores

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

Liabilities / Assets

20th percentile

0.03x

Higher debt load relative to assets than 20% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

60th percentile

0.36x

Higher debt load relative to revenue than 60% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

7th percentile

-41%

Higher net margin than 7% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

70th percentile

$245,353

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 14.7% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

15th percentile

-5.8%

Faster asset growth than 15% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

19th percentile

-13%

Faster revenue growth than 19% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Down

$21,507,127

Down $1,330,406 (-5.8%) from 2015

Net Assets

Down

$20,902,961

Down $1,526,828 (-6.8%) from 2015

Liabilities

Up

$604,166

Up $196,422 (+48%) from 2015

Revenue

Down

$1,666,708

Down $246,460 (-13%) from 2015

Expenses

Down

$2,348,053

Down $23,598 (-1.0%) from 2015

Net Income

Down

-$681,345

Down $222,862 (-49%) from 2015

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $17,357,092Liabilities 2010: $160,892Net Assets 2010: $17,196,2002010Assets 2011: $20,190,008Liabilities 2011: $264,298Net Assets 2011: $19,925,7102011Assets 2012: $18,827,236Liabilities 2012: $267,150Net Assets 2012: $18,560,0862012Assets 2013: $21,311,929Liabilities 2013: $403,175Net Assets 2013: $20,908,7542013Assets 2014: $23,247,039Liabilities 2014: $244,067Net Assets 2014: $23,002,9722014Assets 2015: $22,837,533Liabilities 2015: $407,744Net Assets 2015: $22,429,7892015Assets 2016: $21,507,127Liabilities 2016: $604,166Net Assets 2016: $20,902,9612016Assets 2017: $23,506,524Liabilities 2017: $602,023Net Assets 2017: $22,904,5012017Assets 2018: $24,970,942Liabilities 2018: $602,510Net Assets 2018: $24,368,4322018Assets 2019: $25,366,945Liabilities 2019: $602,230Net Assets 2019: $24,764,7152019Assets 2020: $24,098,962Liabilities 2020: $648,936Net Assets 2020: $23,450,0262020Assets 2021: $31,276,966Liabilities 2021: $708,744Net Assets 2021: $30,568,2222021Assets 2022: $26,816,838Liabilities 2022: $1,292,376Net Assets 2022: $25,524,4622022

Highlighted filing

2016

Assets$21,507,127
Liabilities$604,166
Net Assets$20,902,961

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $1,157,6972010Expenses 2011: $1,798,4822011Expenses 2012: $1,587,3632012Expenses 2013: $3,677,7682013Revenue 2014: $1,678,976Expenses 2014: $2,268,930Net Income 2014: -$589,9542014Revenue 2015: $1,913,168Expenses 2015: $2,371,651Net Income 2015: -$458,4832015Revenue 2016: $1,666,708Expenses 2016: $2,348,053Net Income 2016: -$681,3452016Revenue 2017: $1,305,751Expenses 2017: $2,219,304Net Income 2017: -$913,5532017Revenue 2018: $2,563,495Expenses 2018: $2,398,066Net Income 2018: $165,4292018Revenue 2019: $2,774,944Expenses 2019: $2,781,985Net Income 2019: -$7,0412019Revenue 2020: $2,446,362Expenses 2020: $3,387,120Net Income 2020: -$940,7582020Revenue 2021: $3,216,906Expenses 2021: $2,783,164Net Income 2021: $433,7422021Revenue 2022: $2,070,566Expenses 2022: $3,353,079Net Income 2022: -$1,282,5132022

Highlighted filing

2016

Revenue$1,666,708
Expenses$2,348,053
Net Income-$681,345
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 10, 2017
Return Version
2015v3.0
Gross Receipts
$1,666,708
Mission and Program Overview

Mission

The menorah park foundation's mission is to solicit donations, make grants and invest and manage foundation assets for the benefit of menorah park center for senior living by assuring excellence in resident care and by enhancing the lives of residents, tenants and clients of every service on the menorah park campus.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$16,635,330$16,584,455▼ $50,875
Investments Other Securities$4,983,500$3,764,270▼ $1,219,230
Pledges and Grants Receivable$505,254$356,938▼ $148,316
Cash and Non-Interest-Bearing Accounts$617,793$328,678▼ $289,115
Land, Buildings, and Equipment, Net$1,040$879▼ $161
Total Assets$22,837,533$21,507,127▼ $1,330,406
Other Assets Total$94,616$471,907▲ $377,291
Liabilities
Mortgage Notes Payable Secured by Investment Property$100,000$500,000▲ $400,000
Accounts Payable and Accrued Expenses$47,411$57,726▲ $10,315
Other Liabilities$260,333$46,440▼ $213,893
Total Liabilities$407,744$604,166▲ $196,422
Net Assets / Fund Balance
Unrestricted Net Assets$14,729,234$13,561,492▼ $1,167,742
Temporarily Rstr Net Assets$7,700,555$7,341,469▼ $359,086
Total Net Assets Fund Balance$22,429,789$20,902,961▼ $1,526,828
Total Liabilities and Net Assets / Fund Balance$22,837,533$21,507,127▼ $1,330,406

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$879$36,257$37,136
Other Securities$3,764,270--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$6,461,484$166,940▼ $200,913-$6,231,393
2014$6,502,601$121,539▲ $44,701-$6,461,484
2013$5,694,277$207,122▲ $860,123-$6,502,601
2012$5,199,464$72,918▲ $606,682-$5,694,277
2011$5,507,820$63,309▼ $157,935-$5,199,464
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Joel FoxExecutive DiFT$245,353$245,353
Revenue and Support

Revenue Composition

Contributions and Grants
$1,480,014
Program Service Revenue
$0
Investment Income
$186,694
Other Revenue
$0
All Other Contributions
$1,341,054
Change in Net Assets
$-681,345

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,666,708
Revenue Not Reported on Form 990
$-845,483
Total Revenue per Audited Statements
$821,225
Total Revenue per Form 990
$1,666,708
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,528,247
Total Fundraising Expense$802,420
Salaries, Compensation, and Employee Benefits$693,017
Other Expenses$126,789
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,528,247--$1,528,247
Other Salaries and Wages--$354,969$354,969
Current Officers, Directors, Trustees, and Key Employees--$219,192$219,192
Other Employee Benefits--$65,097$65,097
Office Expenses--$50,283$50,283
Payroll Taxes--$41,422$41,422
Advertising--$18,446$18,446
Other Expenses--$16,085$16,085
Fees for Services Accounting-$14,370-$14,370
Fees for Services Management--$13,773$13,773
Pension Plan Contributions--$12,337$12,337
Information Technology--$7,859$7,859
Conferences and Meetings--$2,957$2,957
Occupancy-$2,186-$2,186
Depreciation Depletion-$630-$630
Fees for Services Legal-$200-$200
Total Functional Expenses$1,528,247$17,386$802,420$2,348,053

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,348,053
Total Expenses per Audited Statements$2,348,053
Total Expenses per Form 990$2,348,053
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Menorah Park Ctr for Senior LivingBeachwood, OH501c3Program Support$1,522,213
MENORAH PARK WOMEN'S & MEN'SBeachwood, OH501c3Program Support$6,034

International Summary

Spending
$493,658

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Middle East and North AfricaInvestments---$493,658
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
Gift Annuity Obligations$46,440
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A sub-committee of the audit committee and an independent cpa firm, as the board designees, reviews the form 990 prior to submission with the irs. Senior management reviews and approves the form 990 while completing and overseeing the process for completion. The board of directors is provided an opportunity to review a copy of the return prior to filing with the irs.

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

Annually, the menorah park foundation sends a copy of its conflict of interest policy to all trustees, officers, committee members and key employees. These "key individuals" are required to disclose any transactions where the interests of the foundation and the key individual (or spouse or other family member of a key individual) could potentially be in conflict. The conflict of interest policy is reviewed annually at the initial meeting of the board of trustees following the foundation's annual meeting, and each key individual is provided with a copy of the policy upon commencement of his or her position as such key individual. Non compliance with the conflict of interest policy could result in disciplinary action including removal from association with the menorah park foundation. The conflict of interest policy is regularly and consistently monitored and enforced through monthly corporate compliance committee meetings.

Form 990, Page 6, Part VI, Line 19

Menorah park foundation maintains copies of all governing documents and financial reports at its main offices in beachwood, oh. Copies of these documents are available to the public upon request for the same period of time as set forth in irc section 6104(d).

Filing and Contact Details

Filer

Filer Name
Menorah Park Foundation
EIN
34-1778478
Phone
2168316500
Address
27100 CEDAR ROAD, BEACHWOOD, OH 44122

Signing Officer

Name
Joel Fox
Title
Executive Director
Phone
2168316500
Signed
2017-05-10

Organization Details

Principal Officer
Joel Fox
Formed
1994
Legal Domicile
Oh
Voting Board Members
30
Independent Board Members
29
Employees
0
Volunteers
29
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The menorah park foundation's mission is to solicit donations, make grants and invest and manage foundation assets for the benefit of menorah park center for senior living by assuring excellence in resident care and by enhancing the lives of residents, tenants and clients of every service on the menorah park campus.

Form 990, Part XI, Line 9

Change in value of charitable gift annuities -1,250 total -1,250

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Endowment funds are comprised of donor restricted funds and are used as the donor desires for the benefit of menorah park and the residents, tenants and clients of the menorah park campus.

Schedule D, Page 3, Part X

Menorah park foundation adopted the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, menorah park may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of menorah park, the continued tax-exempt status of bonds issued, and various positions related to the potential sources of unrelated business taxable income (ubit). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de- recognition, classification, interest and penalties on income taxes, and accounting in interim periods. At june 30, 2016 and 2015, there were no unrecognized tax benefits identified or recorded as liabilities.

Schedule D, Page 4, Part XI, Line 2D

Change in value of charitable gift annuities -1,250

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IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt26TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt27TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt28TRUSTEE
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.8$1.29$25.5$2.07$3.35$1.28
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.3$0.71$30.6$3.22$2.78$0.43
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.1$0.65$23.5$2.45$3.39$0.94
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.4$0.60$24.8$2.77$2.78$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.0$0.60$24.4$2.56$2.40$0.17
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.5$0.60$22.9$1.31$2.22$0.91
2016Detailed filing. Detailed filing data is available for this year.$21.5$0.60$20.9$1.67$2.35$0.68
2015Detailed filing. Detailed filing data is available for this year.$22.8$0.41$22.4$1.91$2.37$0.46
2014Detailed filing. Detailed filing data is available for this year.$23.2$0.24$23.0$1.68$2.27$0.59
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.3$0.40$20.9$3.68
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.8$0.27$18.6$1.59
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.2$0.26$19.9$1.80
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.4$0.16$17.2$1.16