Civic Intelligence

The Ccwa Foundation

990 • Fiscal year 2020 • EIN 45-4484735

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 27, 2021

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.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

92nd percentile

56%

Higher net margin than 92% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

50th percentile

5.9%

Faster asset growth than 50% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

95th percentile

140%

Faster revenue growth than 95% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$2,955,128

Up $165,397 (+5.9%) from 2019

Net Assets

Up

$2,955,128

Up $165,397 (+5.9%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Up

$638,566

Up $372,429 (+140%) from 2019

Expenses

Up

$281,081

Up $669 (+0.2%) from 2019

Net Income

Up

$357,485

Up $371,760 (+2604%) from 2019

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

2020

Assets$2,955,128
Liabilities$0
Net Assets$2,955,128

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

2020

Revenue$638,566
Expenses$281,081
Net Income$357,485
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 27, 2021
Return Version
2019v5.2
Gross Receipts
$3,884,374
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$2,765,706$2,943,268▲ $177,562
Savings and Temporary Cash Investments$24,025$11,860▼ $12,165
Total Assets$2,789,731$2,955,128▲ $165,397
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,951,888$2,099,703▲ $147,815
Net Assets With Donor Restrictions$837,843$855,425▲ $17,582
Total Net Assets Fund Balance$2,789,731$2,955,128▲ $165,397
Total Liabilities and Net Assets / Fund Balance$2,789,731$2,955,128▲ $165,397

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$2,943,268--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$2,674,886$403,499▲ $28,723-$2,844,381
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
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
$403,499
Program Service Revenue
$0
Investment Income
$235,067
Other Revenue
$0
Change in Net Assets
$357,485

Audited Revenue Reconciliation

Revenue per Audited Statements
$624,707
Revenue Not Reported on Financial Statements
$13,859
Revenue Not Reported on Form 990
$-192,088
Total Revenue per Audited Statements
$432,619
Total Revenue per Form 990
$638,566
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$256,921
Other Expenses$24,160
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$256,921--$256,921
Fees for Service Investment Mgmnt Fees$13,859--$13,859
Fees for Services Accounting$10,301--$10,301
Total Functional Expenses$281,081$0$0$281,081

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$281,081
Expenses per Audited Statements$267,222
Total Expenses per Audited Statements$267,222
Expenses Not Reported on Financial Statements$13,859
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

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

Governance Explanations

Form 990, Part VI, Section A, Line 2

Two members of the board of directors are also members of an llc, each owning more than 35% in the llc. The llc did not in the current year nor has it ever conducted business with the organization.

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
2021-02-27
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 foundations 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 2016 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, 2020 and 2019, 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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IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
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IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionAmt0256921
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IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistriCyovToNextYrAmt0712365
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear1Amt0256921
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear2Amt0256644
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IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear4Amt00
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IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriCYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/TotalExcessDistributionCyovAmt0548414
IRS990ScheduleA/DistributionAllocationsGrp/UnderdistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYAdministrativeExpensePaidAmt00
IRS990ScheduleA/DistributionsGrp/CYDistriAttentiveSuprtOrgAmt0256921
IRS990ScheduleA/DistributionsGrp/CYDistributableAsAdjustedAmt092970
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IRS990ScheduleA/DistributionsGrp/CYPdInExcessIncomeActivityAmt00
IRS990ScheduleA/DistributionsGrp/CYTotalAnnualDistributionsAmt0256921
IRS990ScheduleA/DistributionsGrp/ExemptUseAssetsAcquisPaidAmt00
IRS990ScheduleA/DistributionsGrp/QualifiedSetAsideAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
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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
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
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IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
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IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/PriorYearAmt02696723
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/CurrentYearAmt013317
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/PriorYearAmt021853
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/CurrentYearAmt02749478
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/PriorYearAmt02674870
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/CurrentYearAmt041442
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/PriorYearAmt040451
IRS990ScheduleA/MinimumAssetAmountGrp/DiscountClaimedAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/CurrentYearAmt02721353
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/PriorYearAmt02656272
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/CurrentYearAmt095247
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/PriorYearAmt092970
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/CurrentYearAmt02762795
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/PriorYearAmt02696723
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/CurrentYearAmt095247
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/PriorYearAmt092970
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0340720549
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0256921
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0CLEVELAND COUNCIL ON WORLD AFFAIRS
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IRS990ScheduleA/SupportingOrgType3NonFuncInd0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/InvestmentExpensesNotIncldAmt013859
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENTS
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt013859
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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 FOUNDATIONS 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 2016 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, 2020 AND 2019, 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:
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IRS990ScheduleD/TotalBookValueSecuritiesAmt02943268
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IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt0256921
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROVIDE OPERATIONAL AND PROGRAMMATIC SUPPORT
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0812 HURON ROAD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CLEVELAND
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OH

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