Civic Intelligence

Fostoria Learning Center Inc.

990 • Fiscal year 2020 • EIN 46-3336356

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 12, 2021

Organization Profile
342 Perry StFostoria, OH 44830

(419) 435-8541

Siviq Scores

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

Liabilities / Assets

81st percentile

0.51x

Higher debt load relative to assets than 81% of similar nonprofits.

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

Liabilities / Revenue

96th percentile

6.15x

Higher debt load relative to revenue than 96% of similar nonprofits.

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

Net Margin

16th percentile

-19%

Higher net margin than 16% 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

42nd percentile

2.9%

Faster asset growth than 42% of similar nonprofits.

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

Revenue Growth

14th percentile

-33%

Faster revenue growth than 14% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$2,920,094

Up $82,342 (+2.9%) from 2019

Net Assets

Down

$1,435,531

Down $46,447 (-3.1%) from 2019

Liabilities

Up

$1,484,563

Up $128,789 (+9.5%) from 2019

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin16th percentile

Revenue

Down

$241,565

Down $117,920 (-33%) from 2019

Expenses

Down

$288,012

Down $71,341 (-20%) from 2019

Net Income

Down

-$46,447

Down $46,579 (-35287%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth42nd percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $228,010Liabilities 2015: $2,828Net Assets 2015: $225,1822015Assets 2016: $642,634Liabilities 2016: $0Net Assets 2016: $642,6342016Assets 2017: $2,979,308Liabilities 2017: $2,000,000Net Assets 2017: $979,3082017Assets 2018: $3,067,380Liabilities 2018: $1,572,394Net Assets 2018: $1,494,9862018Assets 2019: $2,837,752Liabilities 2019: $1,355,774Net Assets 2019: $1,481,9782019Assets 2020: $2,920,094Liabilities 2020: $1,484,563Net Assets 2020: $1,435,5312020Assets 2021: $2,853,833Liabilities 2021: $1,434,599Net Assets 2021: $1,419,2342021Assets 2022: $2,728,796Liabilities 2022: $1,407,795Net Assets 2022: $1,321,0012022Assets 2023: $2,585,069Liabilities 2023: $1,368,166Net Assets 2023: $1,216,9032023Assets 2024: $2,820,294Liabilities 2024: $1,329,139Net Assets 2024: $1,491,1552024

Highlighted filing

2020

Assets$2,920,094
Liabilities$1,484,563
Net Assets$1,435,531
Open 2020 Filing

Operations Trend

Revenue Growth14th percentile

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

$1.0M$500K$0-$500KRevenue 2015: $252,500Expenses 2015: $33,214Net Income 2015: $219,2862015Revenue 2016: $474,094Expenses 2016: $56,642Net Income 2016: $417,4522016Revenue 2017: $469,346Expenses 2017: $132,672Net Income 2017: $336,6742017Revenue 2018: $947,508Expenses 2018: $431,830Net Income 2018: $515,6782018Revenue 2019: $359,485Expenses 2019: $359,353Net Income 2019: $1322019Revenue 2020: $241,565Expenses 2020: $288,012Net Income 2020: -$46,4472020Revenue 2021: $292,142Expenses 2021: $308,439Net Income 2021: -$16,2972021Revenue 2022: $304,635Expenses 2022: $402,868Net Income 2022: -$98,2332022Revenue 2023: $320,635Expenses 2023: $424,576Net Income 2023: -$103,9412023Revenue 2024: $658,753Expenses 2024: $384,501Net Income 2024: $274,2522024

Highlighted filing

2020

Revenue$241,565
Expenses$288,012
Net Income-$46,447
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 12, 2021
Return Version
2020v4.0
Gross Receipts
$241,565
Mission and Program Overview

Mission

The fostoria learning center will provide relevant and accessible learning opportunities. Our goal is to foster economic and workforce development, to develop a culture of lifelong learning and to offer a high quality of life for all who choose to live in our communtiy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,783,893$2,643,259▼ $140,634
Cash and Non-Interest-Bearing Accounts$39,304$271,655▲ $232,351
Intangible Assets$7,811$4,290▼ $3,521
Prepaid Expenses and Deferred Charges$1,129--
Accounts Receivable$5,615$890▼ $4,725
Total Assets$2,837,752$2,920,094▲ $82,342
Liabilities
Unsecured Notes Loans Payable$1,355,774$1,345,063▼ $10,711
Other Liabilities-$139,500-
Total Liabilities$1,355,774$1,484,563▲ $128,789
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,481,978$1,435,531▼ $46,447
Total Net Assets Fund Balance$1,481,978$1,435,531▼ $46,447
Total Liabilities and Net Assets / Fund Balance$2,837,752$2,920,094▲ $82,342

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,564,049$436,879$3,000,928
Land$79,210-$79,210
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Ford MennelPresident
Renee SmithDirector
Bridgett MundyTrustee
Brook PiperTrustee
Eric KecklerTrustee
Lenny ClouseTrustee
Mark BakerTrustee
Tom ReinekeTrustee
Tom BorerSecretary
Ron BurnsTreasurer
John SchuldVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$185,500
Program Service Revenue
$56,065
Investment Income
$0
Other Revenue
$0
All Other Contributions
$134,500
Change in Net Assets
$-46,447
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$282,778
Salaries, Compensation, and Employee Benefits$5,234
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$144,155--$144,155
Interest$60,534--$60,534
Occupancy$31,287--$31,287
Fees for Services Other$15,632--$15,632
Insurance$10,500--$10,500
Fees for Services Management$10,000--$10,000
Other Salaries and Wages$5,000--$5,000
Office Expenses$3,876--$3,876
Information Technology$3,012--$3,012
Advertising$2,057--$2,057
Fees for Services Legal$925--$925
Fees for Services Accounting$800--$800
Payroll Taxes$234--$234
Total Functional Expenses$288,012$0$0$288,012
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sba Loan$139,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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

Form 990, Page 6, Part VI, Line 11B

“APPROVED PRIOR TO FILING”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Fostoria Learning Center
EIN
46-3336356
Address
342 PERRY ST, FOSTORIA, OH 44830

Signing Officer

Name
Ron Burns
Title
Treasurer
Signed
2021-08-12

Organization Details

Principal Officer
Ford Mennel
Voting Board Members
11
Independent Board Members
11
Employees
1

Preparer

Firm
FRUTH & COMPANY PLL CPA'S
Address
PO BOX 854, FOSTORIA, OH 44830-0854
Preparer
Chris P Chalfin CPA
Phone
4194358541
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The fostoria learning center will provide relevant and accessible learning opportunities. Our goal is to foster economic and workforce development, to develop a culture of lifelong learning and to offer a high quality of life for all who choose to live in our communtiy.”

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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0436879
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03000928
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0139500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SBA LOAN
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02643259
IRS990ScheduleD/TotalLiabilityAmt0139500
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOSTORIA LEARNING CENTER WILL PROVIDE RELEVANT AND ACCESSIBLE LEARNING OPPORTUNITIES. OUR GOAL IS TO FOSTER ECONOMIC AND WORKFORCE DEVELOPMENT, TO DEVELOP A CULTURE OF LIFELONG LEARNING AND TO OFFER A HIGH QUALITY OF LIFE FOR ALL WHO CHOOSE TO LIVE IN OUR COMMUNTIY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1APPROVED PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0288012
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt01484563
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IRS990/TotalLiabilitiesGrp/EOYAmt01484563
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0241565
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IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt01355774
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt01345063
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0121 N MAIN ST
IRS990/USAddress/CityNm0FOSTORIA
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044830
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0RON BURNS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOSTORIA LEARNING CENTER
ReturnHeader/Filer/BusinessNameControlTxt0FOST
ReturnHeader/Filer/EIN0463336356
ReturnHeader/Filer/USAddress/AddressLine1Txt0342 PERRY ST
ReturnHeader/Filer/USAddress/CityNm0FOSTORIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044830
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FRUTH & COMPANY PLL CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 854
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FOSTORIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0448300854
ReturnHeader/PreparerPersonGrp/PhoneNum04194358541
ReturnHeader/PreparerPersonGrp/PreparationDt02021-08-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRIS P CHALFIN CPA
ReturnHeader/ReturnTs02021-08-12T15:36:21-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RON
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BURNS
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,920,094
Liabilities
$1,484,563
Net assets
$1,435,531
Revenue
$241,565
Expenses
$288,012
Net income
-$46,447
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.82$1.33$1.49$0.66$0.38$0.27
2023Detailed filing. Detailed filing data is available for this year.$2.59$1.37$1.22$0.32$0.42$0.10
2022Detailed filing. Detailed filing data is available for this year.$2.73$1.41$1.32$0.30$0.40$0.10
2021Detailed filing. Detailed filing data is available for this year.$2.85$1.43$1.42$0.29$0.31$0.02
2020Detailed filing. Detailed filing data is available for this year.$2.92$1.48$1.44$0.24$0.29$0.05
2019Detailed filing. Detailed filing data is available for this year.$2.84$1.36$1.48$0.36$0.36$0.00
2018Detailed filing. Detailed filing data is available for this year.$3.07$1.57$1.49$0.95$0.43$0.52
2017Detailed filing. Detailed filing data is available for this year.$2.98$2.00$0.98$0.47$0.13$0.34
2016Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.47$0.06$0.42
2015Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.23$0.25$0.03$0.22