Civic Intelligence

Community Fund Management Foundation Inc

990 • Fiscal year 2016 • EIN 34-1801905

Jan 01, 2016 to Dec 31, 2016 • Filed on Sep 13, 2017

14955 Sprague Road Suite 290Strongsville, OH 44136

(216) 736-4540

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

20th percentile

0.01x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

94th percentile

57%

Higher net margin than 94% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

76th percentile

$117,188

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

85th percentile

25%

Faster asset growth than 85% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

85th percentile

37%

Faster revenue growth than 85% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$4,754,320

Up $953,656 (+25%) from 2015

Net Assets

Up

$4,740,393

Up $949,550 (+25%) from 2015

Liabilities

Up

$13,927

Up $4,106 (+42%) from 2015

Revenue

Up

$1,561,956

Up $420,579 (+37%) from 2015

Expenses

Up

$667,393

Up $43,434 (+7.0%) from 2015

Net Income

Up

$894,563

Up $377,145 (+73%) from 2015

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2014: $3,267,154Liabilities 2014: $22,523Net Assets 2014: $3,244,6312014Assets 2015: $3,800,664Liabilities 2015: $9,821Net Assets 2015: $3,790,8432015Assets 2016: $4,754,320Liabilities 2016: $13,927Net Assets 2016: $4,740,3932016Assets 2017: $5,537,352Liabilities 2017: $34,384Net Assets 2017: $5,502,9682017Assets 2018: $5,420,433Liabilities 2018: $46,099Net Assets 2018: $5,374,3342018Assets 2019: $6,399,374Liabilities 2019: $46,374Net Assets 2019: $6,353,0002019Assets 2020: $7,534,355Liabilities 2020: $32,671Net Assets 2020: $7,501,6842020Assets 2021: $9,863,501Liabilities 2021: $16,151Net Assets 2021: $9,847,3502021Assets 2022: $9,381,628Liabilities 2022: $27,096Net Assets 2022: $9,354,5322022Assets 2023: $11,586,778Liabilities 2023: $25,555Net Assets 2023: $11,561,2232023Assets 2024: $13,369,884Liabilities 2024: $261,335Net Assets 2024: $13,108,5492024

Highlighted filing

2016

Assets$4,754,320
Liabilities$13,927
Net Assets$4,740,393

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2014: $893,234Expenses 2014: $609,384Net Income 2014: $283,8502014Revenue 2015: $1,141,377Expenses 2015: $623,959Net Income 2015: $517,4182015Revenue 2016: $1,561,956Expenses 2016: $667,393Net Income 2016: $894,5632016Revenue 2017: $1,237,222Expenses 2017: $985,494Net Income 2017: $251,7282017Revenue 2018: $1,261,567Expenses 2018: $1,029,240Net Income 2018: $232,3272018Revenue 2019: $1,432,828Expenses 2019: $1,252,175Net Income 2019: $180,6532019Revenue 2020: $2,100,171Expenses 2020: $1,572,086Net Income 2020: $528,0852020Revenue 2021: $2,849,250Expenses 2021: $1,231,803Net Income 2021: $1,617,4472021Revenue 2022: $2,491,867Expenses 2022: $1,398,611Net Income 2022: $1,093,2562022Revenue 2023: $2,592,735Expenses 2023: $1,253,685Net Income 2023: $1,339,0502023Revenue 2024: $3,306,550Expenses 2024: $2,100,638Net Income 2024: $1,205,9122024

Highlighted filing

2016

Revenue$1,561,956
Expenses$667,393
Net Income$894,563
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Sep 13, 2017
Return Version
2016v3.0
Gross Receipts
$1,561,956
Mission and Program Overview

Mission

Community fund management foundation, inc. Is a non-profit organization created to develop and make available trust vehicles, education, and related services that help enable individuals with disabilities to use private funds to enhance their quality of life while attempting to safeguard their eligibility for governmental benefits.

To develop and make available trust vehicles, education, and related services for disabled individuals and their families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$2,481,782$3,082,156▲ $600,374
Investments in Publicly Traded Securities$575,985$695,377▲ $119,392
Cash and Non-Interest-Bearing Accounts$351,084$580,904▲ $229,820
Savings and Temporary Cash Investments$338,905$348,068▲ $9,163
Land, Buildings, and Equipment, Net$32,123$37,218▲ $5,095
Accounts Receivable$15,469$4,713▼ $10,756
Prepaid Expenses and Deferred Charges$2,265$2,833▲ $568
Total Assets$3,800,664$4,754,320▲ $953,656
Other Assets Total$3,051$3,051→ $0
Liabilities
Accounts Payable and Accrued Expenses$9,821$13,927▲ $4,106
Total Liabilities$9,821$13,927▲ $4,106
Net Assets / Fund Balance
Unrestricted Net Assets$3,790,843$4,740,393▲ $949,550
Total Net Assets Fund Balance$3,790,843$4,740,393▲ $949,550
Total Liabilities and Net Assets / Fund Balance$3,800,664$4,754,320▲ $953,656

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$13,462$26,691-
Equipment$23,756$23,929-
Other Securities$3,082,156--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$3,057,767$670,642▲ $150,680-$3,777,533
2015$2,586,484$424,435▲ $50,262-$3,057,767
2014$2,334,362$246,472▲ $24,986-$2,586,484
2013$1,981,400$195,187▲ $232,775-$2,334,362
2012$1,620,214$231,431▲ $167,255-$1,981,400
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Amanda M BuzoExecutive DirectorFT$117,188$117,188
Revenue and Support

Revenue Composition

Contributions and Grants
$670,642
Program Service Revenue
$854,969
Investment Income
$36,345
Other Revenue
$0
All Other Contributions
$670,642
Change in Net Assets
$894,563

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,561,956
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$54,987
Total Revenue per Audited Statements
$1,616,943
Total Revenue per Form 990
$1,561,956
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$354,649
Other Expenses$214,653
Grants and Similar Amounts Paid$98,091
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$166,845$40,974-$207,819
Current Officers, Directors, Trustees, and Key Employees$103,125$14,063-$117,188
Grants to Domestic Orgs$87,921--$87,921
Office Expenses$66,507$9,069-$75,576
Occupancy$38,384$5,234-$43,618
Fees for Services Accounting-$28,100-$28,100
Payroll Taxes$21,522$2,935-$24,457
All Other Expenses$21,054$2,871-$23,925
Travel$15,376$2,097-$17,473
Fees for Services Legal$10,667--$10,667
Grants to Domestic Individuals$10,170--$10,170
Depreciation Depletion$6,926$945-$7,871
Pension Plan Contributions$4,563$622-$5,185
Insurance$1,979$1,979-$3,958
Other Expenses$3,465--$3,465
Total Functional Expenses$558,504$108,889$0$667,393

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$667,393
Total Expenses per Audited Statements$667,393
Total Expenses per Form 990$667,393
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Medina Creative HousingMedina, OH-Pilot Program to Deliver Housing and Supportive Services to College Bound Young Adults With Disabilites$20,000
Plan of Sw OhioCincinnati, OH-Contribution Towards Tiered System of Direct Consumer Support$20,000
Ronald Mcdonald HouseCleveland, OH-Redesigning Consumer Website to Be Ada Compliant$16,000
Camp ImagineAvon Lake, OH-Multiple Items$10,000
Echoing Hills Village IncWarsaw, OH-Offset Cost of Camp$10,000
Ruach Consortium IncCleveland, OH-Van$6,000
JfsaBeachwood, OH-Van$5,921
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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, Part VI, Section A, Line 7A

The foundation has agreements with four fellow non-profits, namely jewish federation of cleveland, the arc of ohio, hattie larlham foundation, and add. Each organization has the right to appoint a member to the foundation's board of directors and the review committee.

Form 990, Part VI, Section B, Line 11B

Federal form 990 is prepared by the foundation's independent auditor and is reviewed by the foundation's executive director and accountant. After this review the federal form 990 is presented to the board of directors for approval prior to its filing.

Form 990, Part VI, Section B, Line 12C

The foundation provides all board members with a copy of its "conflicts of interest" policy. Board members are required to notify the foundation of any conflicts they may have.

Form 990, Part VI, Section B, Line 15A

Compensation of the executive director and upper level management is approved by the board of directors and is typically based on wage comparability data and performance.

Form 990, Part VI, Section C, Line 19

The organization keeps a copy of form 990 on file and it is available for viewing by the public upon request.

Filing and Contact Details

Filer

Filer Name
Community Fund Management
EIN
34-1801905
Phone
2167364540
Address
14955 SPRAGUE ROAD SUITE 290, STRONGSVILLE, OH 44136

Signing Officer

Name
Amanda M Buzo Esq
Title
Executive Director
Phone
2167364540
Signed
2017-09-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amanda M Buzo Esq
Formed
1993
Legal Domicile
Oh
Voting Board Members
10
Independent Board Members
10
Employees
7
Volunteers
0

Preparer

Firm
Hobe & Lucas Cpas
Address
4807 ROCKSIDE ROAD 510, INDEPENDENCE, OH 44131
Preparer
Lisa Matuszny
Phone
2165248900
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Part x line 2 fin 48 (asc 740)footnote: the foundation has adopted the provisions of fasb asc 740-10-25 that require the disclosure of uncertain tax positions. There have been no interest or penalities recognized in the statements of financial position or the statements of activities relating to 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.

Part V Line 4 Funds Held in the Endowment Account Are

Restricted for the purpose of providing special assistance to individuals with disabilities and other non- profit organizations, as authorized by the foundation's board of directors.

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IRS990/MissionDesc0COMMUNITY FUND MANAGEMENT FOUNDATION, INC. IS A NON-PROFIT ORGANIZATION CREATED TO DEVELOP AND MAKE AVAILABLE TRUST VEHICLES, EDUCATION, AND RELATED SERVICES THAT HELP ENABLE INDIVIDUALS WITH DISABILITIES TO USE PRIVATE FUNDS TO ENHANCE THEIR QUALITY OF LIFE WHILE ATTEMPTING TO SAFEGUARD THEIR ELIGIBILITY FOR GOVERNMENTAL BENEFITS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0CFMF PROVIDES GRANTS TO INDIVIDUALS AND NONPROFIT ORGANIZATIONS.CFMF OFFERS TWO TYPES OF GRANTS FOR INDIVIDUALS: THE HARDSHIP/EMERGENT NEEDS GRANTS ARE FOR THOSE WHO SEEK RELIEF FROM A HARDSHIP OR ASSISTANCE WITH AN EMERGENT NEED. THE EDUCATIONAL / ASSISTANCE GRANT IS FOR INDIVIDUALS WHO WISH TO APPLY FOR THE COST OF TUITION AND/OR TRAVEL EXPENSES TO ATTEND AN EDUCATIONAL PROGRAM, INCLUDING BUT NOT LIMITED TO, A SEMINAR, SCHOOL, OR CONTINUING EDUCATION PROGRAM. GRANTS FOR NONPROFIT ORGANIZATIONS ARE OFFERED TO ORGANIZATIONS THAT PROVIDE DIRECT SERVICES OR IMPROVE ACCESS TO SERVICES FOR PEOPLE WITH DISABILITIES.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PART X LINE 2 FIN 48 (ASC 740)FOOTNOTE: THE FOUNDATION HAS ADOPTED THE PROVISIONS OF FASB ASC 740-10-25 THAT REQUIRE THE DISCLOSURE OF UNCERTAIN TAX POSITIONS. THERE HAVE BEEN NO INTEREST OR PENALITIES RECOGNIZED IN THE STATEMENTS OF FINANCIAL POSITION OR THE STATEMENTS OF ACTIVITIES RELATING TO 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/ExplanationTxt1RESTRICTED FOR THE PURPOSE OF PROVIDING SPECIAL ASSISTANCE TO INDIVIDUALS WITH DISABILITIES AND OTHER NON- PROFIT ORGANIZATIONS, AS AUTHORIZED BY THE FOUNDATION'S BOARD OF DIRECTORS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:

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