Civic Intelligence

Menorah Park Foundation

990 • Fiscal year 2018 • EIN 34-1778478

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

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

19th percentile

0.02x

Higher debt load relative to assets than 19% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

51st percentile

0.24x

Higher debt load relative to revenue than 51% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

60th percentile

6.5%

Higher net margin than 60% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

72nd percentile

$256,911

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 10.0% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

65th percentile

6.2%

Faster asset growth than 65% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

94th percentile

96%

Faster revenue growth than 94% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Up

$24,970,942

Up $1,464,418 (+6.2%) from 2017

Net Assets

Up

$24,368,432

Up $1,463,931 (+6.4%) from 2017

Liabilities

Up

$602,510

Up $487 (+0.1%) from 2017

Revenue

Up

$2,563,495

Up $1,257,744 (+96%) from 2017

Expenses

Up

$2,398,066

Up $178,762 (+8.1%) from 2017

Net Income

Up

$165,429

Up $1,078,982 (+118%) from 2017

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

2018

Assets$24,970,942
Liabilities$602,510
Net Assets$24,368,432

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

2018

Revenue$2,563,495
Expenses$2,398,066
Net Income$165,429
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 13, 2019
Return Version
2017v2.3
Gross Receipts
$2,563,495
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$19,613,346$19,697,347▲ $84,001
Investments Other Securities$3,318,388$3,561,904▲ $243,516
Pledges and Grants Receivable$176,847$583,262▲ $406,415
Cash and Non-Interest-Bearing Accounts$118,577$425,955▲ $307,378
Land, Buildings, and Equipment, Net$459$335▼ $124
Total Assets$23,506,524$24,970,942▲ $1,464,418
Other Assets Total$278,907$702,139▲ $423,232
Liabilities
Unsecured Notes Loans Payable$500,000$500,000→ $0
Other Liabilities$50,311$53,067▲ $2,756
Accounts Payable and Accrued Expenses$51,712$49,443▼ $2,269
Total Liabilities$602,023$602,510▲ $487
Net Assets / Fund Balance
Unrestricted Net Assets$14,678,707$15,163,557▲ $484,850
Temporarily Rstr Net Assets$8,225,794$9,204,875▲ $979,081
Total Net Assets Fund Balance$22,904,501$24,368,432▲ $1,463,931
Total Liabilities and Net Assets / Fund Balance$23,506,524$24,970,942▲ $1,464,418

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$335$36,801$37,136
Other Securities$3,561,904--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$7,221,002$496,140▲ $537,080-$7,568,475
2016$6,231,393$258,357▲ $1,009,780-$7,221,002
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Joel FoxExecutive DiFT$256,911$256,911
Revenue and Support

Revenue Composition

Contributions and Grants
$2,319,367
Program Service Revenue
$0
Investment Income
$244,128
Other Revenue
$0
All Other Contributions
$2,012,824
Change in Net Assets
$165,429

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,563,495
Revenue Not Reported on Form 990
$1,298,502
Total Revenue per Audited Statements
$3,861,997
Total Revenue per Form 990
$2,563,495
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,669,793
Total Fundraising Expense$710,009
Salaries, Compensation, and Employee Benefits$607,357
Other Expenses$120,916
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,669,793--$1,669,793
Other Salaries and Wages--$270,244$270,244
Current Officers, Directors, Trustees, and Key Employees--$230,034$230,034
Other Employee Benefits--$57,998$57,998
Office Expenses--$44,296$44,296
Payroll Taxes--$35,838$35,838
Advertising--$29,230$29,230
Fees for Services Accounting-$15,024-$15,024
Pension Plan Contributions--$13,243$13,243
Information Technology--$9,213$9,213
Conferences and Meetings--$3,022$3,022
Occupancy-$2,320-$2,320
Other Expenses--$1,768$1,768
Fees for Services Legal-$796-$796
Depreciation Depletion-$124-$124
Total Functional Expenses$1,669,793$18,264$710,009$2,398,066

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,398,066
Total Expenses per Audited Statements$2,398,066
Total Expenses per Form 990$2,398,066
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Menorah Park Ctr for Senior LivingBeachwood, OH501c3Program Support$1,661,895
MENORAH PARK WOMEN'S & MEN'SBeachwood, OH501c3Program Support$7,898

International Summary

Spending
$502,422

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---$502,422
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$53,067
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
2019-05-13

Organization Details

Principal Officer
Joel Fox
Formed
1994
Legal Domicile
Oh
Voting Board Members
32
Independent Board Members
31
Employees
0
Volunteers
31
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 12,230

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

The 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, the foundation 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 the foundaton, 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, 2018 and 2017, 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 12,230

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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE TO 1
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt25TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt26TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt27TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt28TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt29TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt30TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt31TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt32TRUSTEE
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IRS990/GamingActivitiesInd0false
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IRS990/MissionDesc0THE 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.
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IRS990/OtherExpensesGrp/Desc0ANNUAL CAMPAIGN
IRS990/OtherExpensesGrp/Desc1PURCHASE OF MINOR EQUIP.
IRS990/OtherExpensesGrp/FundraisingAmt015123
IRS990/OtherExpensesGrp/FundraisingAmt11768

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
2018Detailed filing. Detailed filing data is available for this year.$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
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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