Civic Intelligence

The Ccwa Foundation

990 • Fiscal year 2019 • EIN 45-4484735

Jul 01, 2018 to Jun 30, 2019 • Filed on May 07, 2020

812 Huron Road No 620Cleveland, OH 44115

(216) 781-3730

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

26th percentile

-5.4%

Higher net margin than 26% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

38th percentile

-0.3%

Faster asset growth than 38% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

12th percentile

-25%

Faster revenue growth than 12% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$2,789,731

Down $8,628 (-0.3%) from 2018

Net Assets

Down

$2,789,731

Down $8,628 (-0.3%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$266,137

Down $90,311 (-25%) from 2018

Expenses

Up

$280,412

Up $22,614 (+8.8%) from 2018

Net Income

Down

-$14,275

Down $112,925 (-114%) from 2018

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2014: $1,654,062Liabilities 2014: $90,000Net Assets 2014: $1,564,0622014Assets 2015: $1,558,508Liabilities 2015: $0Net Assets 2015: $1,558,5082015Assets 2016: $1,549,184Liabilities 2016: $0Net Assets 2016: $1,549,1842016Assets 2017: $2,606,860Liabilities 2017: $0Net Assets 2017: $2,606,8602017Assets 2018: $2,798,359Liabilities 2018: $0Net Assets 2018: $2,798,3592018Assets 2019: $2,789,731Liabilities 2019: $0Net Assets 2019: $2,789,7312019Assets 2020: $2,955,128Liabilities 2020: $0Net Assets 2020: $2,955,1282020Assets 2021: $4,029,716Liabilities 2021: $0Net Assets 2021: $4,029,7162021Assets 2022: $3,394,825Liabilities 2022: $0Net Assets 2022: $3,394,8252022Assets 2023: $3,984,659Liabilities 2023: $0Net Assets 2023: $3,984,6592023Assets 2024: $4,904,696Liabilities 2024: $0Net Assets 2024: $4,904,6962024

Highlighted filing

2019

Assets$2,789,731
Liabilities$0
Net Assets$2,789,731

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2014: $1,631,535Expenses 2014: $196,757Net Income 2014: $1,434,7782014Revenue 2015: $34,578Expenses 2015: $12,877Net Income 2015: $21,7012015Revenue 2016: $35,043Expenses 2016: $13,861Net Income 2016: $21,1822016Revenue 2017: $1,132,266Expenses 2017: $269,980Net Income 2017: $862,2862017Revenue 2018: $356,448Expenses 2018: $257,798Net Income 2018: $98,6502018Revenue 2019: $266,137Expenses 2019: $280,412Net Income 2019: -$14,2752019Revenue 2020: $638,566Expenses 2020: $281,081Net Income 2020: $357,4852020Revenue 2021: $616,559Expenses 2021: $279,662Net Income 2021: $336,8972021Revenue 2022: $659,843Expenses 2022: $308,282Net Income 2022: $351,5612022Revenue 2023: $583,245Expenses 2023: $304,572Net Income 2023: $278,6732023Revenue 2024: $779,279Expenses 2024: $320,470Net Income 2024: $458,8092024

Highlighted filing

2019

Revenue$266,137
Expenses$280,412
Net Income-$14,275
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 7, 2020
Return Version
2018v3.1
Gross Receipts
$1,082,426
Mission and Program Overview

Mission

To invest funds for use in the operations of its sole beneficiary, cleveland council on world affairs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$2,781,453$2,765,706▼ $15,747
Savings and Temporary Cash Investments$16,906$24,025▲ $7,119
Total Assets$2,798,359$2,789,731▼ $8,628
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,975,910$1,951,888▼ $24,022
Temporarily Rstr Net Assets$575,847$591,241▲ $15,394
Permanently Rstr Net Assets$246,602$246,602→ $0
Total Net Assets Fund Balance$2,798,359$2,789,731▼ $8,628
Total Liabilities and Net Assets / Fund Balance$2,798,359$2,789,731▼ $8,628

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$2,765,706--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$2,678,795$180,382▲ $71,930-$2,674,886
2017$2,487,759$257,156▲ $184,745-$2,678,795
2016$1,549,184$977,225▲ $219,703-$2,487,759
2015$1,558,508$22,750▼ $27,274$4,800$1,549,184
2014$1,564,062-▲ $7,323$12,877$1,558,508
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard W PogueChairman
Cynthia BassettPresident & CEO
Satricia RiceVice President
Dennis M LaffertyTrustee
Howard B EdelsteinTrustee
James MeilTrustee
Wael KhouryTrustee
Stephen PetrasSecretary
Michael KnallTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$180,382
Program Service Revenue
$0
Investment Income
$85,755
Other Revenue
$0
Change in Net Assets
$-14,275

Audited Revenue Reconciliation

Revenue per Audited Statements
$249,019
Revenue Not Reported on Financial Statements
$17,118
Revenue Not Reported on Form 990
$5,647
Total Revenue per Audited Statements
$254,666
Total Revenue per Form 990
$266,137
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$256,644
Other Expenses$23,768
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$256,644--$256,644
Fees for Service Investment Mgmnt Fees$17,118--$17,118
Fees for Services Legal$6,650--$6,650
Total Functional Expenses$280,412$0$0$280,412

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$280,412
Expenses per Audited Statements$263,294
Total Expenses per Audited Statements$263,294
Expenses Not Reported on Financial Statements$17,118
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Cleveland Council on World AffairsCleveland, OH-To Provide Opperational and Programmatic Support$256,644
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
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The form 990 is reviewed by the board of directors prior to filing.

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

Board members sign conflict of interest forms that reflect our policy as necessary.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents available to the general public upon request.

Filing and Contact Details

Filer

Filer Name
The Ccwa Foundation
EIN
45-4484735
Phone
2167813730
Address
812 HURON ROAD NO 620, CLEVELAND, OH 44115

Signing Officer

Name
Michael Knall
Title
Treasurer
Phone
2167813730
Signed
2020-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Knall
Formed
2011
Legal Domicile
Oh
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Barnes Wendling Cpas Inc
Address
1350 EUCLID AVE SUITE 1400, CLEVELAND, OH 44115-1830
Preparer
Michael Pappas CPA
Phone
2165669000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

There have been no changes from prior year.

Financial Statement Notes

PART V, LINE 4:

The foundation has a policy of appropriating for distribution each year 5% of its endowment fund's average fair value of the prior 3 years preceding the calendar year in which the distribution is planned. In establishing this policy, the foundation considered the long-term expected return on its investment assets, the nature and duration of the individual endowment funds, and the possible effects of inflation. The foundation expects the current spending policy to allow its endowment funds to grow at a nominal average rate of 3% annually. This is consistent with the foundation's objective to preserve the fair value of the endowment assets as well as to provide additional real growth through new gifts and investment return.

PART X, LINE 2:

The foundation is exempt from federal income tax under section 501(c)(3) and is classified as an organization that is not a "private foundation" as defined in section 509(a) of the internal revenue code. The foundation is no longer subject to tax examinations for years before 2014 by taxing authorities in jurisdictions where the foundation has filed returns. The foundation did not identify any material unrecognized tax benefits upon evaluation of tax positions taken and therefore, there was no material effect on the foundation's financial condition or results of operations. The foundation evaluates at each balance sheet date uncertain tax positions taken, if any, to determine the need to record liabilities for taxes, penalties, and interest. The foundations' policy is to record interest and penalties on uncertain tax provisions as income tax expense. As of june 30, 2019 and 2018, the foundation has no accrued taxes, interest, or penalties related to uncertain tax positions. The foundation estimates the unrecognized tax benefit will not change significantly within the next twelve months.

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IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionAmt0256644
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovAmt0291770
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr1Amt0241692
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr2Amt0139869
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr3Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistriCyovToNextYrAmt0548414
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear1Amt0256644
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear2Amt0241692
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear3Amt050078
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriCYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/TotalExcessDistributionCyovAmt0381561
IRS990ScheduleA/DistributionAllocationsGrp/UnderdistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYAdministrativeExpensePaidAmt00
IRS990ScheduleA/DistributionsGrp/CYDistriAttentiveSuprtOrgAmt0256644
IRS990ScheduleA/DistributionsGrp/CYDistributableAsAdjustedAmt089791
IRS990ScheduleA/DistributionsGrp/CYDistributionYrRt0100.000000000000
IRS990ScheduleA/DistributionsGrp/CYOtherDistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYPaidAccomplishExemptPrpsAmt0256644
IRS990ScheduleA/DistributionsGrp/CYPdInExcessIncomeActivityAmt00
IRS990ScheduleA/DistributionsGrp/CYTotalAnnualDistributionsAmt0256644
IRS990ScheduleA/DistributionsGrp/ExemptUseAssetsAcquisPaidAmt00
IRS990ScheduleA/DistributionsGrp/QualifiedSetAsideAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/CurrentYearAmt02696723
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/PriorYearAmt02604533
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/CurrentYearAmt021853
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/PriorYearAmt023426
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/CurrentYearAmt02674870
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/PriorYearAmt02581107
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/CurrentYearAmt040451
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/PriorYearAmt039068
IRS990ScheduleA/MinimumAssetAmountGrp/DiscountClaimedAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/CurrentYearAmt02656272
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/PriorYearAmt02565465
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/CurrentYearAmt092970
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/PriorYearAmt089791
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/CurrentYearAmt02696723
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/PriorYearAmt02604533
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/CurrentYearAmt092970
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/PriorYearAmt089791
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0340720549
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0256644
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0CLEVELAND COUNCIL ON WORLD AFFAIRS
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3NonFuncInd0X
IRS990ScheduleA/SupportSumAmt0256644
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02678795
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0180382
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02674886
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0256221
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt071930
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02487759
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0257156
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02678795
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0250865
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0184745
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01549184
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0977225
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02487759
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0258353
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0219703
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01558508
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt022750
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01549184
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-27274
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt04800
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01564062
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01558508
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt07323
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt012877
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt017118
IRS990ScheduleD/ExpensesSubtotalAmt0263294
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt017118
IRS990ScheduleD/InvestmentExpensesNotIncldAmt017118
IRS990ScheduleD/NetUnrealizedGainsInvstAmt05647
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt02765706
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt05647
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt017118
IRS990ScheduleD/RevenueSubtotalAmt0249019
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 5% OF ITS ENDOWMENT FUND'S AVERAGE FAIR VALUE OF THE PRIOR 3 YEARS PRECEDING THE CALENDAR YEAR IN WHICH THE DISTRIBUTION IS PLANNED. IN ESTABLISHING THIS POLICY, THE FOUNDATION CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS INVESTMENT ASSETS, THE NATURE AND DURATION OF THE INDIVIDUAL ENDOWMENT FUNDS, AND THE POSSIBLE EFFECTS OF INFLATION. THE FOUNDATION EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT FUNDS TO GROW AT A NOMINAL AVERAGE RATE OF 3% ANNUALLY. THIS IS CONSISTENT WITH THE FOUNDATION'S OBJECTIVE TO PRESERVE THE FAIR VALUE OF THE ENDOWMENT ASSETS AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) AND IS CLASSIFIED AS AN ORGANIZATION THAT IS NOT A "PRIVATE FOUNDATION" AS DEFINED IN SECTION 509(A) OF THE INTERNAL REVENUE CODE. THE FOUNDATION IS NO LONGER SUBJECT TO TAX EXAMINATIONS FOR YEARS BEFORE 2014 BY TAXING AUTHORITIES IN JURISDICTIONS WHERE THE FOUNDATION HAS FILED RETURNS. THE FOUNDATION DID NOT IDENTIFY ANY MATERIAL UNRECOGNIZED TAX BENEFITS UPON EVALUATION OF TAX POSITIONS TAKEN AND THEREFORE, THERE WAS NO MATERIAL EFFECT ON THE FOUNDATION'S FINANCIAL CONDITION OR RESULTS OF OPERATIONS. THE FOUNDATION EVALUATES AT EACH BALANCE SHEET DATE UNCERTAIN TAX POSITIONS TAKEN, IF ANY, TO DETERMINE THE NEED TO RECORD LIABILITIES FOR TAXES, PENALTIES, AND INTEREST. THE FOUNDATIONS' POLICY IS TO RECORD INTEREST AND PENALTIES ON UNCERTAIN TAX PROVISIONS AS INCOME TAX EXPENSE. AS OF JUNE 30, 2019 AND 2018, THE FOUNDATION HAS NO ACCRUED TAXES, INTEREST, OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. THE FOUNDATION ESTIMATES THE UNRECOGNIZED TAX BENEFIT WILL NOT CHANGE SIGNIFICANTLY WITHIN THE NEXT TWELVE MONTHS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt02765706
IRS990ScheduleD/TotalExpensesPerForm990Amt0280412
IRS990ScheduleD/TotalRevenuePerForm990Amt0266137
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0254666
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0263294
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0256644
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROVIDE OPPERATIONAL AND PROGRAMMATIC SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CLEVELAND COUNCIL ON WORLD AFFAIRS
IRS990ScheduleI/RecipientTable/RecipientEIN0340720549
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0812 HURON ROAD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CLEVELAND
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OH
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd044115
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING.

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