Civic Intelligence

Future Heights

990 • Fiscal year 2018 • EIN 34-1948426

Jan 01, 2018 to Dec 31, 2018 • Filed on Sep 27, 2019

2843 Washington BlvdCleveland Heights, OH 44118

(216) 320-1423

Siviq Scores

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

Liabilities / Assets

80th percentile

0.13x

Higher debt load relative to assets than 80% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

75th percentile

0.04x

Higher debt load relative to revenue than 75% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

49th percentile

2.8%

Higher net margin than 49% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

95th percentile

$65,898

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 19.4% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Assets

$98,472

No earlier filing loaded for comparison.

Net Assets

$85,979

No earlier filing loaded for comparison.

Liabilities

$12,493

No earlier filing loaded for comparison.

Revenue

$339,527

No earlier filing loaded for comparison.

Expenses

$330,164

No earlier filing loaded for comparison.

Net Income

$9,363

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2018: $98,472Liabilities 2018: $12,493Net Assets 2018: $85,9792018Assets 2019: $89,373Liabilities 2019: $11,587Net Assets 2019: $77,7862019Assets 2020: $110,452Liabilities 2020: $8,171Net Assets 2020: $102,2812020Assets 2021: $244,293Liabilities 2021: $17,421Net Assets 2021: $226,8722021Assets 2022: $269,663Liabilities 2022: $10,853Net Assets 2022: $258,8102022Assets 2023: $112,350Liabilities 2023: $48,006Net Assets 2023: $64,3442023Assets 2024: $121,650Liabilities 2024: $34,017Net Assets 2024: $87,6332024

Highlighted filing

2018

Assets$98,472
Liabilities$12,493
Net Assets$85,979

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2018: $339,527Expenses 2018: $330,164Net Income 2018: $9,3632018Revenue 2019: $459,175Expenses 2019: $467,368Net Income 2019: -$8,1932019Revenue 2020: $389,637Expenses 2020: $365,142Net Income 2020: $24,4952020Revenue 2021: $586,898Expenses 2021: $462,307Net Income 2021: $124,5912021Revenue 2022: $535,640Expenses 2022: $503,702Net Income 2022: $31,9382022Revenue 2023: $378,629Expenses 2023: $573,095Net Income 2023: -$194,4662023Revenue 2024: $401,408Expenses 2024: $375,071Net Income 2024: $26,3372024

Highlighted filing

2018

Revenue$339,527
Expenses$330,164
Net Income$9,363
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 27, 2019
Return Version
2018v3.1
Gross Receipts
$350,387
Mission and Program Overview

Mission

Futureheights seeks to inspire and facilitate collaboration and empowerment across our communities to ensure a vibrant and sustainable future for cleveland heights and university heights.

Futureheights serves to ensure a vibrant and sustainable future for cleveland heights and university heights. We work as change agents by inspiring and facilitating communication, collaboration, engagement and empowerment among our residents, businesses, other community-based organizations and local government. Public forums, voter education, the heights observer community newspaper, historic neighborhood tours, volunteer opportunities, preservation and community planning education, shop local advocacy, community partnerships, and more.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$60,299$82,375▲ $22,076
Accounts Receivable-$5,676-
Pledges and Grants Receivable-$5,602-
Land, Buildings, and Equipment, Net$4,435--
Savings and Temporary Cash Investments-$3,719-
Prepaid Expenses and Deferred Charges-$1,100-
Total Assets$64,734$98,472▲ $33,738
Liabilities
Accounts Payable and Accrued Expenses-$12,493-
Total Liabilities$0$12,493▲ $12,493
Net Assets / Fund Balance
Unrestricted Net Assets$64,734$56,498▼ $8,236
Temporarily Rstr Net Assets-$29,481-
Total Net Assets Fund Balance$64,734$85,979▲ $21,245
Total Liabilities and Net Assets / Fund Balance$64,734$98,472▲ $33,738
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Deanna Bremer FisherExecutive DiFT$64,314$1,584$65,898

Board Members and Trustees

NameTitle
Julia Kious ZabellPresident
Barbara AndersonDirector
Calvin SingletonDirector
David KellerDirector
Dennis KeatingDirector
Joy RollerDirector
Julie SabroffDirector
Lute QuintrellDirector
Mark PhillipsDirector
Micah KirmanDirector
Michael BierDirector
Thomas EastmanDirector
Rebecca PriceSecretary
Vince ReddyTreasurer
Bob BrownVice Preside
Rhonda Davis LovejoyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$208,348
Program Service Revenue
$130,538
Investment Income
$33
Other Revenue
$608
All Other Contributions
$104,533
Change in Net Assets
$9,363

Audited Revenue Reconciliation

Revenue per Audited Statements
$339,527
Total Revenue per Audited Statements
$339,527
Total Revenue per Form 990
$339,527
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$188,865
Salaries, Compensation, and Employee Benefits$141,299
Total Fundraising Expense$21,655
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$32,157$16,079$16,078$64,314
Other Salaries and Wages$53,132$9,975-$63,107
All Other Expenses$34,200$155$1,448$35,803
Other Expenses$24,936-$1,312$26,248
Office Expenses$10,122$2,844$259$13,225
Payroll Taxes$7,044$2,103$1,366$10,513
Insurance$3,223$900-$4,123
Pension Plan Contributions$2,255$673$437$3,365
Fees for Services Other$2,640$330$330$3,300
Information Technology$2,773$149$60$2,982
Fees for Services Accounting-$2,836-$2,836
Occupancy$2,397$129$51$2,577
Advertising$1,735$264$314$2,313
Travel$1,034--$1,034
Total Functional Expenses$272,072$36,437$21,655$330,164

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$330,164
Total Expenses per Audited Statements$330,164
Total Expenses per Form 990$330,164
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$10,860
Fundraising Gross Income$10,860
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Big Fun Event$55,585$10,860$8,175$2,685
Total Events$55,585$10,860$10,860-
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, Page 6, Part VI, Line 11B

Prior to filing, the form 990 is presented to the executive director, board treasurer and finance staff for review and approval. The form 990 is then electronically distributed to the board of directors in advance of filing. The board president signs the 990 (or 8879-eo) and the 990 is electronically filed.

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

Each year, the board members are asked to review the organization's conflict of interest policy. Among other things, the policy makes clear that all decisions of the board, officers, and employees of the organization are made solely on the basis of a desire to promote the best interest of the organization and the public good. The conflict of interest statement requests board members to identify to the best of their knowledge affiliations with organizations that may be potentially related to the financials or other substantive operations of the organization. They are also asked to identify circumstances involving either themselves, or a member of their extended family, that may be construed as a conflict of interest. At the staff level, the organization's personnel also ensure that there are no conflicts of interest when considering the engagement of a new vendor. If a potential conflict is identified, appropriate steps are taken to both assess the nature of the potential conflict and, subsequently, to ensure that the possibility of an actual conflict is mitigated. Such mitigation is managed and the letter and spirit of the conflicts policy are upheld.

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

The executive committee annually evaluates the performance of the executive director. Compensation is based on performance and compared to other area mission-comparable organizations of similar size. The board has adopted the irs-written "rebuttable presumption" checklist which is completed contemporaneous with the performance review. Compensation for staff within the organization is determined by the executive director. The level of compensation is set based on performance and in relation to other area mission-comparable organizations of similar size. This compensation is a component of the budget, which is reviewed and approved by the finance committee and also by the board as a whole.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, form 1023, form 990 conflict of interest policy and financial statements are made available to the public upon request. The form 990, without schedule b) can also be found on several publicly-accessible websites.

Filing and Contact Details

Filer

Filer Name
Future Heights
EIN
34-1948426
Phone
2163201423
Address
2843 WASHINGTON BLVD, CLEVELAND HEIGHTS, OH 44118

Signing Officer

Name
Julia Kious Zabell
Title
President
Phone
2163201423
Signed
2019-09-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deanna Bremer Fisher
Formed
2002
Legal Domicile
Oh
Voting Board Members
17
Independent Board Members
17
Employees
5
Volunteers
87

Preparer

Firm
H & J Certified Public Accountants Inc
Address
7555 FREDLE DR STE 110, CONCORD, OH 44077
Preparer
Rolland B Standish
Phone
4409512997
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Our civic engagement committee remains as committed as ever to addressing the topics that most concern and interest our residents through informative, free public forums and administering our neighborhood leadership workshop series and mini-grants program. Our dedication to public discourse remains strong as the heights observer celebrated its 10th anniversary with a banner year that supported our neighborhood voices and local businesses, with work from the past 10 years sharing space with the issues dear to many residents' hearts today. In september of this past year, we solidified a formal partnership with the city of cleveland heights as the city's official community development corporation, which includes a city investment to help us implement our new housing programs and real estate development projects in 2019. Futureheights' robust planning & development committee has supported workshops to support our small business community and facilitated relationships with ethical developers, city staff, and others in order to support the growth and stabilization of our market. The committee has built on past momentum in the cedar lee business district to move the cedar lee mini-park project forward, as well as to support engagement for the development project at lee and meadowbrook-both of which will be high priorities as we move into 2019. This strong committee, with help from greater cleveland congregations, was able to garner a 70,000 grant from us bank in order to initiate a focused planning study for the noble road corridor-a much needed study that will support the important noble neighborhood of cleveland ceights. Through the sixth annual heights music hop, we were able to bring out more than 8,500 people to enjoy free music, excellent food, and to remember how great being in the heights is.

Form 990, Page 2, Part III, Line 4B

The mission of the heights observer is to serve as a self-sustaining media outlet that strengthens the communities of cleveland heights and university heights. Our goals: to be a community advocate to be a catalyst for public discourse to keep residents informed to promote citizen involvement to reflect diversity and improve the overall quality of life for residents to be a resource for the local, independent businesses that are central to the community's unique and vibrant character the heights observer serves cleveland heights and university heights as a forum for members of the community to write about and discuss local issues, ideas, events and other goings on that people who live here want to discuss. It seeks to encourage community engagement, transparency in governance and an appreciation for the qualities that make the community desirable to those who live here. A copy of our mission is available here. The heights observer is published by the nonprofit futureheights. The futureheights board of directors is responsible for maintaining the observers financial sustainability and adherence to its basic role as a community soapbox. The board is served in this function by the heights observer advisory committee. The heights observer advisory committee is made up of individuals from the community and is chaired (or co-chaired) by a member of the futureheights board. The committee exists to assure community representation and transparency in the ongoing operation of the heights observer. In that role, it discusses and makes recommendations to the board and publisher on issues including: editorial policy operating processes financial and operating sustainability projects, partnerships, affiliations and initiatives other issues as they arise the size and makeup of the advisory committee is not specifically defined, but includes a board-member chair and the publisher/futureheights executive director. Members of the committee will generally meet the following requirements: resident of one of the communities served (cleveland heights and university heights) a current or previous contributor to the heights observer project in some capacity (writer, editor, distribution volunteer, specialized advisor, etc.) interested in the heights observer project as defined above a practitioner in civility and civil discourse able and willing, given reasonable advance notice, to attend committee meetings, generally held on weekday evenings, as often as once a month able and willing to participate actively in projects or initiatives that may be undertaken as a result of committee discussion

Form 990, Part IX, Line 24E

Sales commission 22,650 0 0 community building 4,813 0 0 other 3,725 0 0 equip maint and repair 2,881 155 62 event expenses 0 0 1,386 bad debt 131 0 0 total 34,200 155 1,448

Form 990, Part XI, Line 9

Prior period adjustment 11,882

Form 990, Page 12, Part XII, Line 2C

2018 is the first year the organization recived indpendent assurance services.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is incorporated as a not-for-profit that is exempt from federal income taxes under internal revenue code section 501(c)(3) and is not considered a private foundation under section 509(a)(1). Accordingly, no provision for income taxes has been recorded. The organization's policy is to record a liability for any tax position taken that is beneficial to the organization, including penalties and interest, when it is more likely than not the position taken will be overturned by a taxing authority upon examination. Management believes there are no such positions as of december 31, 2018 and, accordingly, no liability has been accrued. Income taxes are provided for the tax effects of unrelated business transactions for the organization reported in the financial statements and consist of taxes due plus deferred taxes, if any. Unrelated business income is primarily derived from advertising sales generated from the publishing of the heights observer, net of any related expenses. In 2018, the unrelated business generated a loss, resulting in no provision for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, measured by enacted tax rates for years in which taxes are expected to be paid or recovered. Deferred tax assets are recognized only to the extent that is more likely than not that they will be realized based on available evidence. At december 31, 2018, there were no deferred taxes reported.

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IRS990/ActivityOrMissionDesc0FUTUREHEIGHTS SERVES TO ENSURE A VIBRANT AND SUSTAINABLE FUTURE FOR CLEVELAND HEIGHTS AND UNIVERSITY HEIGHTS. WE WORK AS CHANGE AGENTS BY INSPIRING AND FACILITATING COMMUNICATION, COLLABORATION, ENGAGEMENT AND EMPOWERMENT AMONG OUR RESIDENTS, BUSINESSES, OTHER COMMUNITY-BASED ORGANIZATIONS AND LOCAL GOVERNMENT. PUBLIC FORUMS, VOTER EDUCATION, THE HEIGHTS OBSERVER COMMUNITY NEWSPAPER, HISTORIC NEIGHBORHOOD TOURS, VOLUNTEER OPPORTUNITIES, PRESERVATION AND COMMUNITY PLANNING EDUCATION, SHOP LOCAL ADVOCACY, COMMUNITY PARTNERSHIPS, AND MORE.
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IRS990/Desc0OUR CIVIC ENGAGEMENT COMMITTEE REMAINS AS COMMITTED AS EVER TO ADDRESSING THE TOPICS THAT MOST CONCERN AND INTEREST OUR RESIDENTS THROUGH INFORMATIVE, FREE PUBLIC FORUMS AND ADMINISTERING OUR NEIGHBORHOOD LEADERSHIP WORKSHOP SERIES AND MINI-GRANTS PROGRAM. OUR DEDICATION TO PUBLIC DISCOURSE REMAINS STRONG AS THE HEIGHTS OBSERVER CELEBRATED ITS 10TH ANNIVERSARY WITH A BANNER YEAR THAT SUPPORTED OUR NEIGHBORHOOD VOICES AND LOCAL BUSINESSES, WITH WORK FROM THE PAST 10 YEARS SHARING SPACE WITH THE ISSUES DEAR TO MANY RESIDENTS' HEARTS TODAY. IN SEPTEMBER OF THIS PAST YEAR, WE SOLIDIFIED A FORMAL PARTNERSHIP WITH THE CITY OF CLEVELAND HEIGHTS AS THE CITY'S OFFICIAL COMMUNITY DEVELOPMENT CORPORATION, WHICH INCLUDES A CITY INVESTMENT TO HELP US IMPLEMENT OUR NEW HOUSING PROGRAMS AND REAL ESTATE DEVELOPMENT PROJECTS IN 2019. FUTUREHEIGHTS' ROBUST PLANNING & DEVELOPMENT COMMITTEE HAS SUPPORTED WORKSHOPS TO SUPPORT OUR SMALL BUSINESS COMMUNITY AND FACILITATED RELATIONSHIPS WITH ETHICAL DEVELOPERS, CITY STAFF, AND OTHERS IN ORDER TO SUPPORT THE GROWTH AND STABILIZATION OF OUR MARKET. THE COMMITTEE HAS BUILT ON PAST MOMENTUM IN THE CEDAR LEE BUSINESS DISTRICT TO MOVE THE CEDAR LEE MINI-PARK PROJECT FORWARD, AS WELL AS TO SUPPORT ENGAGEMENT FOR THE DEVELOPMENT PROJECT AT LEE AND MEADOWBROOK-BOTH OF WHICH WILL BE HIGH PRIORITIES AS WE MOVE INTO 2019. THIS STRONG COMMITTEE, WITH HELP FROM GREATER CLEVELAND CONGREGATIONS, WAS ABLE TO GARNER A 70,000 GRANT FROM US BANK IN ORDER TO INITIATE A FOCUSED PLANNING STUDY FOR THE NOBLE ROAD CORRIDOR-A MUCH NEEDED STUDY THAT WILL SUPPORT THE IMPORTANT NOBLE NEIGHBORHOOD OF CLEVELAND CEIGHTS. THROUGH THE SIXTH ANNUAL HEIGHTS MUSIC HOP, WE WERE ABLE TO BRING OUT MORE THAN 8,500 PEOPLE TO ENJOY FREE MUSIC, EXCELLENT FOOD, AND TO REMEMBER HOW GREAT BEING IN THE HEIGHTS IS.
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IRS990/Form990PartVIISectionAGrp/PersonNm0JULIA KIOUS ZABELL
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE MISSION OF THE HEIGHTS OBSERVER IS TO SERVE AS A SELF-SUSTAINING MEDIA OUTLET THAT STRENGTHENS THE COMMUNITIES OF CLEVELAND HEIGHTS AND UNIVERSITY HEIGHTS. OUR GOALS: TO BE A COMMUNITY ADVOCATE TO BE A CATALYST FOR PUBLIC DISCOURSE TO KEEP RESIDENTS INFORMED TO PROMOTE CITIZEN INVOLVEMENT TO REFLECT DIVERSITY AND IMPROVE THE OVERALL QUALITY OF LIFE FOR RESIDENTS TO BE A RESOURCE FOR THE LOCAL, INDEPENDENT BUSINESSES THAT ARE CENTRAL TO THE COMMUNITY'S UNIQUE AND VIBRANT CHARACTER THE HEIGHTS OBSERVER SERVES CLEVELAND HEIGHTS AND UNIVERSITY HEIGHTS AS A FORUM FOR MEMBERS OF THE COMMUNITY TO WRITE ABOUT AND DISCUSS LOCAL ISSUES, IDEAS, EVENTS AND OTHER GOINGS ON THAT PEOPLE WHO LIVE HERE WANT TO DISCUSS. IT SEEKS TO ENCOURAGE COMMUNITY ENGAGEMENT, TRANSPARENCY IN GOVERNANCE AND AN APPRECIATION FOR THE QUALITIES THAT MAKE THE COMMUNITY DESIRABLE TO THOSE WHO LIVE HERE. A COPY OF OUR MISSION IS AVAILABLE HERE. THE HEIGHTS OBSERVER IS PUBLISHED BY THE NONPROFIT FUTUREHEIGHTS. THE FUTUREHEIGHTS BOARD OF DIRECTORS IS RESPONSIBLE FOR MAINTAINING THE OBSERVERS FINANCIAL SUSTAINABILITY AND ADHERENCE TO ITS BASIC ROLE AS A COMMUNITY SOAPBOX. THE BOARD IS SERVED IN THIS FUNCTION BY THE HEIGHTS OBSERVER ADVISORY COMMITTEE. THE HEIGHTS OBSERVER ADVISORY COMMITTEE IS MADE UP OF INDIVIDUALS FROM THE COMMUNITY AND IS CHAIRED (OR CO-CHAIRED) BY A MEMBER OF THE FUTUREHEIGHTS BOARD. THE COMMITTEE EXISTS TO ASSURE COMMUNITY REPRESENTATION AND TRANSPARENCY IN THE ONGOING OPERATION OF THE HEIGHTS OBSERVER. IN THAT ROLE, IT DISCUSSES AND MAKES RECOMMENDATIONS TO THE BOARD AND PUBLISHER ON ISSUES INCLUDING: EDITORIAL POLICY OPERATING PROCESSES FINANCIAL AND OPERATING SUSTAINABILITY PROJECTS, PARTNERSHIPS, AFFILIATIONS AND INITIATIVES OTHER ISSUES AS THEY ARISE THE SIZE AND MAKEUP OF THE ADVISORY COMMITTEE IS NOT SPECIFICALLY DEFINED, BUT INCLUDES A BOARD-MEMBER CHAIR AND THE PUBLISHER/FUTUREHEIGHTS EXECUTIVE DIRECTOR. MEMBERS OF THE COMMITTEE WILL GENERALLY MEET THE FOLLOWING REQUIREMENTS: RESIDENT OF ONE OF THE COMMUNITIES SERVED (CLEVELAND HEIGHTS AND UNIVERSITY HEIGHTS) A CURRENT OR PREVIOUS CONTRIBUTOR TO THE HEIGHTS OBSERVER PROJECT IN SOME CAPACITY (WRITER, EDITOR, DISTRIBUTION VOLUNTEER, SPECIALIZED ADVISOR, ETC.) INTERESTED IN THE HEIGHTS OBSERVER PROJECT AS DEFINED ABOVE A PRACTITIONER IN CIVILITY AND CIVIL DISCOURSE ABLE AND WILLING, GIVEN REASONABLE ADVANCE NOTICE, TO ATTEND COMMITTEE MEETINGS, GENERALLY HELD ON WEEKDAY EVENINGS, AS OFTEN AS ONCE A MONTH ABLE AND WILLING TO PARTICIPATE ACTIVELY IN PROJECTS OR INITIATIVES THAT MAY BE UNDERTAKEN AS A RESULT OF COMMITTEE DISCUSSION
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS INCORPORATED AS A NOT-FOR-PROFIT THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND IS NOT CONSIDERED A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. THE ORGANIZATION'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE ORGANIZATION, INCLUDING PENALTIES AND INTEREST, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF DECEMBER 31, 2018 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. INCOME TAXES ARE PROVIDED FOR THE TAX EFFECTS OF UNRELATED BUSINESS TRANSACTIONS FOR THE ORGANIZATION REPORTED IN THE FINANCIAL STATEMENTS AND CONSIST OF TAXES DUE PLUS DEFERRED TAXES, IF ANY. UNRELATED BUSINESS INCOME IS PRIMARILY DERIVED FROM ADVERTISING SALES GENERATED FROM THE PUBLISHING OF THE HEIGHTS OBSERVER, NET OF ANY RELATED EXPENSES. IN 2018, THE UNRELATED BUSINESS GENERATED A LOSS, RESULTING IN NO PROVISION FOR INCOME TAXES. DEFERRED TAX ASSETS AND LIABILITIES ARE RECOGNIZED FOR THE FUTURE TAX CONSEQUENCES ATTRIBUTABLE TO TEMPORARY DIFFERENCES BETWEEN THE FINANCIAL STATEMENT CARRYING AMOUNTS OF EXISTING ASSETS AND LIABILITIES AND THEIR RESPECTIVE TAX BASES, MEASURED BY ENACTED TAX RATES FOR YEARS IN WHICH TAXES ARE EXPECTED TO BE PAID OR RECOVERED. DEFERRED TAX ASSETS ARE RECOGNIZED ONLY TO THE EXTENT THAT IS MORE LIKELY THAN NOT THAT THEY WILL BE REALIZED BASED ON AVAILABLE EVIDENCE. AT DECEMBER 31, 2018, THERE WERE NO DEFERRED TAXES REPORTED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OUR CIVIC ENGAGEMENT COMMITTEE REMAINS AS COMMITTED AS EVER TO ADDRESSING THE TOPICS THAT MOST CONCERN AND INTEREST OUR RESIDENTS THROUGH INFORMATIVE, FREE PUBLIC FORUMS AND ADMINISTERING OUR NEIGHBORHOOD LEADERSHIP WORKSHOP SERIES AND MINI-GRANTS PROGRAM. OUR DEDICATION TO PUBLIC DISCOURSE REMAINS STRONG AS THE HEIGHTS OBSERVER CELEBRATED ITS 10TH ANNIVERSARY WITH A BANNER YEAR THAT SUPPORTED OUR NEIGHBORHOOD VOICES AND LOCAL BUSINESSES, WITH WORK FROM THE PAST 10 YEARS SHARING SPACE WITH THE ISSUES DEAR TO MANY RESIDENTS' HEARTS TODAY. IN SEPTEMBER OF THIS PAST YEAR, WE SOLIDIFIED A FORMAL PARTNERSHIP WITH THE CITY OF CLEVELAND HEIGHTS AS THE CITY'S OFFICIAL COMMUNITY DEVELOPMENT CORPORATION, WHICH INCLUDES A CITY INVESTMENT TO HELP US IMPLEMENT OUR NEW HOUSING PROGRAMS AND REAL ESTATE DEVELOPMENT PROJECTS IN 2019. FUTUREHEIGHTS' ROBUST PLANNING & DEVELOPMENT COMMITTEE HAS SUPPORTED WORKSHOPS TO SUPPORT OUR SMALL BUSINESS COMMUNITY AND FACILITATED RELATIONSHIPS WITH ETHICAL DEVELOPERS, CITY STAFF, AND OTHERS IN ORDER TO SUPPORT THE GROWTH AND STABILIZATION OF OUR MARKET. THE COMMITTEE HAS BUILT ON PAST MOMENTUM IN THE CEDAR LEE BUSINESS DISTRICT TO MOVE THE CEDAR LEE MINI-PARK PROJECT FORWARD, AS WELL AS TO SUPPORT ENGAGEMENT FOR THE DEVELOPMENT PROJECT AT LEE AND MEADOWBROOK-BOTH OF WHICH WILL BE HIGH PRIORITIES AS WE MOVE INTO 2019. THIS STRONG COMMITTEE, WITH HELP FROM GREATER CLEVELAND CONGREGATIONS, WAS ABLE TO GARNER A 70,000 GRANT FROM US BANK IN ORDER TO INITIATE A FOCUSED PLANNING STUDY FOR THE NOBLE ROAD CORRIDOR-A MUCH NEEDED STUDY THAT WILL SUPPORT THE IMPORTANT NOBLE NEIGHBORHOOD OF CLEVELAND CEIGHTS. THROUGH THE SIXTH ANNUAL HEIGHTS MUSIC HOP, WE WERE ABLE TO BRING OUT MORE THAN 8,500 PEOPLE TO ENJOY FREE MUSIC, EXCELLENT FOOD, AND TO REMEMBER HOW GREAT BEING IN THE HEIGHTS IS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MISSION OF THE HEIGHTS OBSERVER IS TO SERVE AS A SELF-SUSTAINING MEDIA OUTLET THAT STRENGTHENS THE COMMUNITIES OF CLEVELAND HEIGHTS AND UNIVERSITY HEIGHTS. OUR GOALS: TO BE A COMMUNITY ADVOCATE TO BE A CATALYST FOR PUBLIC DISCOURSE TO KEEP RESIDENTS INFORMED TO PROMOTE CITIZEN INVOLVEMENT TO REFLECT DIVERSITY AND IMPROVE THE OVERALL QUALITY OF LIFE FOR RESIDENTS TO BE A RESOURCE FOR THE LOCAL, INDEPENDENT BUSINESSES THAT ARE CENTRAL TO THE COMMUNITY'S UNIQUE AND VIBRANT CHARACTER THE HEIGHTS OBSERVER SERVES CLEVELAND HEIGHTS AND UNIVERSITY HEIGHTS AS A FORUM FOR MEMBERS OF THE COMMUNITY TO WRITE ABOUT AND DISCUSS LOCAL ISSUES, IDEAS, EVENTS AND OTHER GOINGS ON THAT PEOPLE WHO LIVE HERE WANT TO DISCUSS. IT SEEKS TO ENCOURAGE COMMUNITY ENGAGEMENT, TRANSPARENCY IN GOVERNANCE AND AN APPRECIATION FOR THE QUALITIES THAT MAKE THE COMMUNITY DESIRABLE TO THOSE WHO LIVE HERE. A COPY OF OUR MISSION IS AVAILABLE HERE. THE HEIGHTS OBSERVER IS PUBLISHED BY THE NONPROFIT FUTUREHEIGHTS. THE FUTUREHEIGHTS BOARD OF DIRECTORS IS RESPONSIBLE FOR MAINTAINING THE OBSERVERS FINANCIAL SUSTAINABILITY AND ADHERENCE TO ITS BASIC ROLE AS A COMMUNITY SOAPBOX. THE BOARD IS SERVED IN THIS FUNCTION BY THE HEIGHTS OBSERVER ADVISORY COMMITTEE. THE HEIGHTS OBSERVER ADVISORY COMMITTEE IS MADE UP OF INDIVIDUALS FROM THE COMMUNITY AND IS CHAIRED (OR CO-CHAIRED) BY A MEMBER OF THE FUTUREHEIGHTS BOARD. THE COMMITTEE EXISTS TO ASSURE COMMUNITY REPRESENTATION AND TRANSPARENCY IN THE ONGOING OPERATION OF THE HEIGHTS OBSERVER. IN THAT ROLE, IT DISCUSSES AND MAKES RECOMMENDATIONS TO THE BOARD AND PUBLISHER ON ISSUES INCLUDING: EDITORIAL POLICY OPERATING PROCESSES FINANCIAL AND OPERATING SUSTAINABILITY PROJECTS, PARTNERSHIPS, AFFILIATIONS AND INITIATIVES OTHER ISSUES AS THEY ARISE THE SIZE AND MAKEUP OF THE ADVISORY COMMITTEE IS NOT SPECIFICALLY DEFINED, BUT INCLUDES A BOARD-MEMBER CHAIR AND THE PUBLISHER/FUTUREHEIGHTS EXECUTIVE DIRECTOR. MEMBERS OF THE COMMITTEE WILL GENERALLY MEET THE FOLLOWING REQUIREMENTS: RESIDENT OF ONE OF THE COMMUNITIES SERVED (CLEVELAND HEIGHTS AND UNIVERSITY HEIGHTS) A CURRENT OR PREVIOUS CONTRIBUTOR TO THE HEIGHTS OBSERVER PROJECT IN SOME CAPACITY (WRITER, EDITOR, DISTRIBUTION VOLUNTEER, SPECIALIZED ADVISOR, ETC.) INTERESTED IN THE HEIGHTS OBSERVER PROJECT AS DEFINED ABOVE A PRACTITIONER IN CIVILITY AND CIVIL DISCOURSE ABLE AND WILLING, GIVEN REASONABLE ADVANCE NOTICE, TO ATTEND COMMITTEE MEETINGS, GENERALLY HELD ON WEEKDAY EVENINGS, AS OFTEN AS ONCE A MONTH ABLE AND WILLING TO PARTICIPATE ACTIVELY IN PROJECTS OR INITIATIVES THAT MAY BE UNDERTAKEN AS A RESULT OF COMMITTEE DISCUSSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRIOR TO FILING, THE FORM 990 IS PRESENTED TO THE EXECUTIVE DIRECTOR, BOARD TREASURER AND FINANCE STAFF FOR REVIEW AND APPROVAL. THE FORM 990 IS THEN ELECTRONICALLY DISTRIBUTED TO THE BOARD OF DIRECTORS IN ADVANCE OF FILING. THE BOARD PRESIDENT SIGNS THE 990 (OR 8879-EO) AND THE 990 IS ELECTRONICALLY FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH YEAR, THE BOARD MEMBERS ARE ASKED TO REVIEW THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. AMONG OTHER THINGS, THE POLICY MAKES CLEAR THAT ALL DECISIONS OF THE BOARD, OFFICERS, AND EMPLOYEES OF THE ORGANIZATION ARE MADE SOLELY ON THE BASIS OF A DESIRE TO PROMOTE THE BEST INTEREST OF THE ORGANIZATION AND THE PUBLIC GOOD. THE CONFLICT OF INTEREST STATEMENT REQUESTS BOARD MEMBERS TO IDENTIFY TO THE BEST OF THEIR KNOWLEDGE AFFILIATIONS WITH ORGANIZATIONS THAT MAY BE POTENTIALLY RELATED TO THE FINANCIALS OR OTHER SUBSTANTIVE OPERATIONS OF THE ORGANIZATION. THEY ARE ALSO ASKED TO IDENTIFY CIRCUMSTANCES INVOLVING EITHER THEMSELVES, OR A MEMBER OF THEIR EXTENDED FAMILY, THAT MAY BE CONSTRUED AS A CONFLICT OF INTEREST. AT THE STAFF LEVEL, THE ORGANIZATION'S PERSONNEL ALSO ENSURE THAT THERE ARE NO CONFLICTS OF INTEREST WHEN CONSIDERING THE ENGAGEMENT OF A NEW VENDOR. IF A POTENTIAL CONFLICT IS IDENTIFIED, APPROPRIATE STEPS ARE TAKEN TO BOTH ASSESS THE NATURE OF THE POTENTIAL CONFLICT AND, SUBSEQUENTLY, TO ENSURE THAT THE POSSIBILITY OF AN ACTUAL CONFLICT IS MITIGATED. SUCH MITIGATION IS MANAGED AND THE LETTER AND SPIRIT OF THE CONFLICTS POLICY ARE UPHELD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE EXECUTIVE COMMITTEE ANNUALLY EVALUATES THE PERFORMANCE OF THE EXECUTIVE DIRECTOR. COMPENSATION IS BASED ON PERFORMANCE AND COMPARED TO OTHER AREA MISSION-COMPARABLE ORGANIZATIONS OF SIMILAR SIZE. THE BOARD HAS ADOPTED THE IRS-WRITTEN "REBUTTABLE PRESUMPTION" CHECKLIST WHICH IS COMPLETED CONTEMPORANEOUS WITH THE PERFORMANCE REVIEW. COMPENSATION FOR STAFF WITHIN THE ORGANIZATION IS DETERMINED BY THE EXECUTIVE DIRECTOR. THE LEVEL OF COMPENSATION IS SET BASED ON PERFORMANCE AND IN RELATION TO OTHER AREA MISSION-COMPARABLE ORGANIZATIONS OF SIMILAR SIZE. THIS COMPENSATION IS A COMPONENT OF THE BUDGET, WHICH IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE AND ALSO BY THE BOARD AS A WHOLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS, FORM 1023, FORM 990 CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990, WITHOUT SCHEDULE B) CAN ALSO BE FOUND ON SEVERAL PUBLICLY-ACCESSIBLE WEBSITES.

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