Civic Intelligence

Packard W D Fund a Ochr 20-0938960

990 • Fiscal year 2019 • EIN 34-6507930

Jan 01, 2019 to Dec 31, 2019 • Filed on May 13, 2020

Organization ProfileN/A
4900 Tiedeman Oh-01-49-0150Brooklyn, OH 44144-2302

(216) 689-7663

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

7th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

81st percentile

25%

Higher net margin than 81% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

23rd percentile

$35,301

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 8.5% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

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

Source year 2019

Revenue Growth

Score unavailable

No value available

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

Source year 2019

Balance Sheet
Liabilities / Assets7th percentile

Assets

$5,645,046

No earlier filing loaded for comparison.

Net Assets

$5,645,046

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin81st percentile

Revenue

$417,323

No earlier filing loaded for comparison.

Expenses

$311,804

No earlier filing loaded for comparison.

Net Income

$105,519

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2019: $5,645,046Liabilities 2019: $0Net Assets 2019: $5,645,0462019Assets 2020: $5,800,613Liabilities 2020: $0Net Assets 2020: $5,800,6132020Assets 2021: $6,285,138Liabilities 2021: $0Net Assets 2021: $6,285,1382021Assets 2023: $5,553,844Liabilities 2023: $0Net Assets 2023: $5,553,8442023Assets 2024: $5,902,257Liabilities 2024: $0Net Assets 2024: $5,902,2572024

Highlighted filing

2019

Assets$5,645,046
Liabilities$0
Net Assets$5,645,046
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KRevenue 2019: $417,323Expenses 2019: $311,804Net Income 2019: $105,5192019Revenue 2020: $291,580Expenses 2020: $136,016Net Income 2020: $155,5642020Revenue 2021: $682,337Expenses 2021: $197,811Net Income 2021: $484,5262021Revenue 2023: $74,163Expenses 2023: $376,380Net Income 2023: -$302,2172023Revenue 2024: $609,161Expenses 2024: $241,497Net Income 2024: $367,6642024

Highlighted filing

2019

Revenue$417,323
Expenses$311,804
Net Income$105,519
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 13, 2020
Return Version
2019v5.0
Gross Receipts
$803,135
Mission and Program Overview

Mission

Trust created in 1933, with Keybank as Trustee, to support the Warren Ohio Packard Music Hall and Band. Net income from the trust fund shall be used to establish and perpetually maintain a park band to be known as the "Packard Band", to provide for the organization and maintenance of a band which shall be a credit to the City of Warren ,and play for the edification and entertainment of the people of Warren, OH. Said band shall play not less than one free popular concert in each month. Under the Ohio Institutional Trust Funds Act of 1999, the beneficiaries have chosen to receive the maximum of income based on the greater of 5% of AFV or traditional income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$5,539,527$5,645,046▲ $105,519
Rtn Earn Endowment Incm Other Fnds$5,539,527$5,645,046▲ $105,519
Total Assets$5,539,527$5,645,046▲ $105,519
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,539,527$5,645,046▲ $105,519
Total Liabilities and Net Assets / Fund Balance$5,539,527$5,645,046▲ $105,519

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$426,500--
Compensation and Service Providers
Top Officer Pay23rd percentile

Employees

NameTitleBaseTotal
-Trustee$35,301$35,301
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$417,323
Other Revenue
$0
Change in Net Assets
$105,519
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$275,000
Salaries, Compensation, and Employee Benefits$35,301
Other Expenses$1,503
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$275,000--$275,000
Current Officers, Directors, Trustees, and Key Employees-$35,301-$35,301
Fees for Services Accounting-$1,000-$1,000
All Other Expenses-$503-$503
Total Functional Expenses$275,000$36,804$0$311,804
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Packard BandCanfield, OH170(b)(1)(A)(vi)-$275,000
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 1A

“KEYBANK IS SOLE TRUSTEE”

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8A

“KeyBank administration documents all meetings and written actions taken during the year. Actions through NPTAC are also documented”

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8B

“KeyBank administration documents all meetings and written actions taken during the year. Actions through NPTAC are also documented.”

Form 990, Page 6, Part VI, Line 11-description of Process for Review

“All returns are thoroughly prepared and reviewed by our internal professional tax department.”

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12C

“No conflict of interest policy exists for the trust. Keybank n.a. Has a corporate conflict of interest policy”

Form 990, Page 6, Part VI, Line 19

“Documents are available upon request by mail or by phone and delivered within 2 weeks of the request”

Filing and Contact Details

Filer

Filer Name
Packard W D Fund a Ochr 20-0938960
EIN
34-6507930
Phone
2166897663
Address
4900 TIEDEMAN OH-01-49-0150, BROOKLYN, OH 44144-2302

Signing Officer

Name
Keybank Byp S Chmura
Title
SVP
Phone
2166897663
Signed
2020-05-13

Organization Details

Formed
1933
Legal Domicile
Oh
Voting Board Members
1
Independent Board Members
0
Employees
0
Raw XML Appendix368 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Packard W.D. Fund Z OCHR is filing a 990 return due to the "reasonable cause exception" allowed by IRS. This exception applies based on the following:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt11. The failure was due to reasonable cause and not to willful neglect. KeyBank administers over 1,700 charitable trust accounts. KeyBank has a legal department, a non-profit administrative area, and 4 regional trust tax departments that interact with each other to meet compliance.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt22. The failure was unforseen and not anticipated. keyBank as trustee maintains a close and continuous working relationship with the beneficiaries. The under-distribution was discovered in preparing the 990 return.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt3Keybank representatives have completed an extensive internal review of supporting organization accounts. This was done in concert with in-house counsel and individual determinations were made with respect to the relationships. The beneficiaries have the right to remove the trustee and the trustee has the right to amend the trust to insure continuation of 509(a)3 status.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt4Keybank, as trustee, welcomes the input of the charitable beneficiaries as to investments
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt5Keybank, as Trustee, maintains a close and continuous working relationship with Packard Music Hall and Band. The supported organization maintains a significant voice as they have the right to remove the Trustee and replace with another corporate Trustee. The Trustee has the authority to amend the document to insure the continuation of 509(a)3 status. The supported organization receives
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt6periodic statements reflecting all activity in the trust regarding income, expenses and investments. Keybank welcomes the input of the supported organization as to investments.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc3Part IV, Section D Line 2
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc4Part IV, Section D Line 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc5Part V, Section D Line 8
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc6Part V, Section D Line 8 (cont'd)
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS ARE NOT AWARDED. INCOME IS USED SOLELY FOR THE SUPPORT OF THE PACKARD BAND AND BAND HALL.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KEYBANK IS SOLE TRUSTEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1KeyBank administration documents all meetings and written actions taken during the year. Actions through NPTAC are also documented
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2KeyBank administration documents all meetings and written actions taken during the year. Actions through NPTAC are also documented.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL RETURNS ARE THOROUGHLY PREPARED AND REVIEWED BY OUR INTERNAL PROFESSIONAL TAX DEPARTMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO CONFLICT OF INTEREST POLICY EXISTS FOR THE TRUST. KEYBANK N.A. HAS A CORPORATE CONFLICT OF INTEREST POLICY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Documents are available upon request by mail or by phone and delivered within 2 weeks of the request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KEYBANK BYP S CHMURA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SVP
ReturnHeader/BusinessOfficerGrp/PhoneNum02166897663
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PACKARD W D FUND A OCHR 20-0938960
ReturnHeader/Filer/BusinessNameControlTxt0PACK
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ReturnHeader/Filer/PhoneNum02166897663
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0241C5A4FA287F453C1C2D26DBCC1155F88B4D0D3
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId046BA3697E4B0FF363293E6529D654706B605259A
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0165.225.0.198
ReturnHeader/ReturnTs02020-06-12T13:01:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,645,046
Liabilities
$0
Net assets
$5,645,046
Revenue
$417,323
Expenses
$311,804
Net income
$105,519
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.90$0.00$5.90$0.61$0.24$0.37
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.55$0.00$5.55$0.07$0.38$0.30
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.29$0.00$6.29$0.68$0.20$0.48
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.80$0.00$5.80$0.29$0.14$0.16
2019Detailed filing. Detailed filing data is available for this year.$5.65$0.00$5.65$0.42$0.31$0.11