Civic Intelligence

Community Fund Management Foundation Inc

990 • Fiscal year 2018 • EIN 34-1801905

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 23, 2019

17900 Jefferson Park No 102Middleburg Heights, OH 44130

(216) 736-4540

Siviq Scores

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

Liabilities / Assets

16th percentile

0.01x

Higher debt load relative to assets than 16% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

19th percentile

0.04x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

76th percentile

18%

Higher net margin than 76% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

45th percentile

$110,249

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 8.7% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

33rd percentile

-2.1%

Faster asset growth than 33% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

44th percentile

2.0%

Faster revenue growth than 44% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$5,420,433

Down $116,919 (-2.1%) from 2017

Net Assets

Down

$5,374,334

Down $128,634 (-2.3%) from 2017

Liabilities

Up

$46,099

Up $11,715 (+34%) from 2017

Revenue

Up

$1,261,567

Up $24,345 (+2.0%) from 2017

Expenses

Up

$1,029,240

Up $43,746 (+4.4%) from 2017

Net Income

Down

$232,327

Down $19,401 (-7.7%) from 2017

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

2018

Assets$5,420,433
Liabilities$46,099
Net Assets$5,374,334

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

2018

Revenue$1,261,567
Expenses$1,029,240
Net Income$232,327
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 23, 2019
Return Version
2018v3.1
Gross Receipts
$1,261,567
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$3,611,909$3,465,359▼ $146,550
Investments in Publicly Traded Securities$869,022$816,912▼ $52,110
Cash and Non-Interest-Bearing Accounts$620,370$719,348▲ $98,978
Savings and Temporary Cash Investments$389,439$361,892▼ $27,547
Land, Buildings, and Equipment, Net$30,968$44,842▲ $13,874
Prepaid Expenses and Deferred Charges$7,880$6,350▼ $1,530
Accounts Receivable$4,713$4,713→ $0
Total Assets$5,537,352$5,420,433▼ $116,919
Other Assets Total$3,051$1,017▼ $2,034
Liabilities
Accounts Payable and Accrued Expenses$34,384$46,099▲ $11,715
Total Liabilities$34,384$46,099▲ $11,715
Net Assets / Fund Balance
Unrestricted Net Assets$5,502,968$5,374,334▼ $128,634
Total Net Assets Fund Balance$5,502,968$5,374,334▼ $128,634
Total Liabilities and Net Assets / Fund Balance$5,537,352$5,420,433▼ $116,919

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$26,513$26,334-
Equipment$18,329$18,300-
Other Securities$3,465,359--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$4,480,931$260,899▼ $273,739-$4,282,271
2017$3,777,533$268,349▲ $726,974-$4,480,931
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amanda M BuzoExecutive DirectorFT$106,942$3,307$110,249
Revenue and Support

Revenue Composition

Contributions and Grants
$260,899
Program Service Revenue
$914,566
Investment Income
$83,702
Other Revenue
$2,400
All Other Contributions
$260,899
Change in Net Assets
$232,327

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,261,567
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-360,961
Total Revenue per Audited Statements
$900,606
Total Revenue per Form 990
$1,261,567
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$591,381
Other Expenses$260,232
Grants and Similar Amounts Paid$177,627
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$391,685$40,827-$432,512
Grants to Domestic Orgs$155,476--$155,476
Office Expenses$105,688$14,412-$120,100
Current Officers, Directors, Trustees, and Key Employees$97,317$9,625-$106,942
Occupancy$40,702$5,550-$46,252
Payroll Taxes$39,153$3,872-$43,025
Fees for Services Accounting-$30,400-$30,400
Grants to Domestic Individuals$22,151--$22,151
Fees for Services Legal$20,526--$20,526
Travel$9,973$1,360-$11,333
Depreciation Depletion$9,859$1,344-$11,203
Pension Plan Contributions$8,101$801-$8,902
Other Expenses$8,193--$8,193
All Other Expenses$6,485$884-$7,369
Insurance$2,428$2,428-$4,856
Total Functional Expenses$917,737$111,503$0$1,029,240

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,029,240
Total Expenses per Audited Statements$1,029,240
Total Expenses per Form 990$1,029,240
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Easter Seals Northern OhioBroadview Heights, OH501(c)(3)Purchase Passenger Vansoftware Technology$20,000
Koinonia HomesIndependence, OH501(c)(3)Purchase of Adapted Shuttle Bus$20,000
Stepping StonesCincinnati, OH501(c)(3)Network and Hardward Updates$20,000
Sunshine CommunitiesMaumee, OH501(c)(3)Installation of Hospital Grade Oxygen System in Residential Facility$20,000
Ucp of Greater ClevelandincCleveland, OH501(c)(3)Eccc Employment Pilot Program$20,000
Ohio GuidestoneBerea, OH501(c)(3)Sensory Room Improvements$15,000
Adaptive Sports Program of OhioDalton, OH501(c)(3)Purchase Wheelchair Accessible Vehicle$10,076
Echoing Hills VillageWarsaw, OH501(c)(3)Purchase Passenger Van$10,000
Ymca of Greater DaytonDayton, OH501(c)(3)Installation of Accessibility Features at the New Xenia Ymca$10,000
Lawrence SchoolBroadview Heights, OH501(c)(3)Purchase Two New Infocus Jtouch Whiteboards for Classroom Use$6,400
Ronald Mcdonald House of ClevelandCleveland, OH501(c)(3)Modify the Redtreehouse.org Website$4,000
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 will, upon request, provide copies of the governing documents and financial statements to the public.

Filing and Contact Details

Filer

Filer Name
Community Fund Management
EIN
34-1801905
Phone
2167364540
Address
17900 JEFFERSON PARK NO 102, MIDDLEBURG HEIGHTS, OH 44130

Signing Officer

Name
Amanda M Buzo Esq
Title
Executive Director
Phone
2167364540
Signed
2019-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amanda M Buzo Esq
Formed
1993
Legal Domicile
Oh
Voting Board Members
11
Independent Board Members
11
Employees
14
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 penalties 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.

Schedule D 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/Desc0COMMUNITY FUND MANAGEMENT FOUNDATION (THE FOUNDATION) ESTABLISHES AND ADMINISTERS SEVERAL TYPES OF TRUSTS, EDUCATION PROGRAMS AND RELATED SERVICES FOR OHIO RESIDENTS WITH DISABILITIES. DURING THE YEAR ENDED DECEMBER 31, 2018, A TOTAL OF 347 NEW TRUSTS WERE ESTABLISHED FOR CLIENTS. AS OF DECEMBER 31, 2018, THE FOUNDATION HAD SET UP AND WAS ADMINISTERING A TOTAL OF 2,595 TRUSTS FOR CLIENTS.
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IRS990/LegalDomicileStateCd0OH
IRS990/LoanOutstandingInd00
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IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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/MoreThan5000KToOrgInd00
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IRS990/NetUnrlzdGainsLossesInvstAmt0-360961
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt05550
IRS990/OccupancyGrp/ProgramServicesAmt040702
IRS990/OccupancyGrp/TotalAmt046252
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt014412
IRS990/OfficeExpensesGrp/ProgramServicesAmt0105688
IRS990/OfficeExpensesGrp/TotalAmt0120100
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IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt01017
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0TRUSTEE FEES
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0391685
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03872
IRS990/PayrollTaxesGrp/ProgramServicesAmt039153
IRS990/PayrollTaxesGrp/TotalAmt043025
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0801
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08101
IRS990/PensionPlanContributionsGrp/TotalAmt08902
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IRS990/ProgramServiceRevenueGrp/Desc1SET-UP FEES
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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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IRS990/ProgSrvcAccomActy2Grp/GrantAmt0177627
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IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYGrantsAndSimilarPaidAmt0286540
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IRS990/PYOtherExpensesAmt0268710
IRS990/PYOtherRevenueAmt02600
IRS990/PYProgramServiceRevenueAmt0918464
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IRS990/PYSalariesCompEmpBnftPaidAmt0430244
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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01237222
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0232327
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
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IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0916966
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0389439
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0361892
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME: $2,400
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A PART III SECTION B LINE 12:
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0268349
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0670642
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IRS990ScheduleA/InvestmentIncomeCYPct00.02810
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IRS990ScheduleA/PublicSupportPY509Pct00.91270
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/TotalAmt05918715
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01261567
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0268349
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0286540
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0726974
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt03465
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0670642
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt03777533
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt098091
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IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt018300
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt036629
IRS990ScheduleD/ExpensesNotReportedAmt00

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