Civic Intelligence

Future Heights

990 • Fiscal year 2021 • EIN 34-1948426

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

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

61st percentile

0.07x

Higher debt load relative to assets than 61% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

51st percentile

0.03x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

63rd percentile

21%

Higher net margin than 63% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

78th percentile

$71,143

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 12.1% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

93rd percentile

121%

Faster asset growth than 93% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

74th percentile

51%

Faster revenue growth than 74% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$244,293

Up $133,841 (+121%) from 2020

Net Assets

Up

$226,872

Up $124,591 (+122%) from 2020

Liabilities

Up

$17,421

Up $9,250 (+113%) from 2020

Revenue

Up

$586,898

Up $197,261 (+51%) from 2020

Expenses

Up

$462,307

Up $97,165 (+27%) from 2020

Net Income

Up

$124,591

Up $100,096 (+409%) from 2020

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

2021

Assets$244,293
Liabilities$17,421
Net Assets$226,872

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

2021

Revenue$586,898
Expenses$462,307
Net Income$124,591
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.0
Gross Receipts
$599,815
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$94,707$229,405▲ $134,698
Pledges and Grants Receivable$8,946$13,788▲ $4,842
Savings and Temporary Cash Investments$3,811--
Accounts Receivable$1,888--
Prepaid Expenses and Deferred Charges$1,100$1,100→ $0
Total Assets$110,452$244,293▲ $133,841
Liabilities
Other Liabilities$8,171$17,421▲ $9,250
Total Liabilities$8,171$17,421▲ $9,250
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$101,721$226,872▲ $125,151
Net Assets With Donor Restrictions$560--
Total Net Assets Fund Balance$102,281$226,872▲ $124,591
Total Liabilities and Net Assets / Fund Balance$110,452$244,293▲ $133,841
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Deanna Bremer FisherExecutive DiFT$71,143$71,143

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$389,309
Program Service Revenue
$196,195
Investment Income
$50
Other Revenue
$1,344
All Other Contributions
$97,593
Change in Net Assets
$124,591

Audited Revenue Reconciliation

Revenue per Audited Statements
$586,898
Total Revenue per Audited Statements
$586,898
Total Revenue per Form 990
$586,898
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$236,575
Other Expenses$225,732
Total Fundraising Expense$23,232
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$130,417$12,084-$142,501
Current Officers, Directors, Trustees, and Key Employees$35,572$17,786$17,786$71,144
All Other Expenses$33,198-$2,732$35,930
Other Expenses$22,973--$22,973
Payroll Taxes$13,459$2,422$1,442$17,323
Office Expenses$11,144$3,036$347$14,527
Fees for Services Accounting-$10,004-$10,004
Information Technology$9,015$485$194$9,694
Occupancy$7,757$383$200$8,340
Insurance$6,135$1,500-$7,635
Other Employee Benefits$4,357$784$466$5,607
Travel$808--$808
Fees for Services Other$516$65$65$646
Total Functional Expenses$390,526$48,549$23,232$462,307

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$462,307
Total Expenses per Audited Statements$462,307
Total Expenses per Form 990$462,307
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$12,917
Fundraising Gross Income$12,917
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
House Party$90,340$12,917$10,409$2,508
Total Events$90,340$12,917$12,917-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Cash Held for Others$17,421
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 35% controlled entity
No
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 9

Deanna bremer fisher 2843 washington blvd. Cleveland hts., oh 44118

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
Micah Kirman
Title
Director
Phone
2163201423
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Micah Kirman
Formed
2002
Legal Domicile
Oh
Voting Board Members
24
Independent Board Members
24
Employees
7
Volunteers
70

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

2021 program accomplishments volunteers: - futureheights utilized 95 volunteers in 2021 including board members, committee members, community forum volunteers, heights observer delivery volunteers, and heights music hop volunteers futurehomes program - completed six rehabs and sold to owner-occupants - acquired another five homes for inclusion into the program that will be completed in 2022 - began discussions with developer to begin infill housing construction community and civic engagement - coordinated four community forums, preceded by community surveys on relevant topics - trained six graduates, from five neighborhoods through the neighborhood leadership training workshop series - awarded funds to thirteen projects in eight neighborhoods through the futureheights neighborhood mini grants program, in partnership with the cedars legacy fund business development - held two workshops and provided individual technical assistance for small businesses, with a focus on minority and female-owned businesses. Published the annual heights observer "holiday shopping guide" featuring and promoting goods and services offered by small local businesses. Planning and development - continued coordinating activities of the severance action group (sag), which is a subcommittee of futureheights' planning and development committee focused on the responsible and timely redevelopment of the under-utilized severance mall site. - continued coordinating activities related to the planning and development of the noble triangle site-and under-utilized site largely owned by the city at the gateway to the noble neighborhood in cleveland heights.

Form 990, Part XI, Line 9

Prior period adjustment 0

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, 2021 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 2021, the unrelated business generated a loss, resulting in no provision for income taxes.

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