Civic Intelligence

Twinsburg Community Improvement Corporation

990 • Fiscal year 2019 • EIN 46-3353343

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 04, 2020

Organization ProfileTWINSBURGCIC.COM
10075 Ravenna RoadTwinsburg, OH 44087

(330) 963-6154

Siviq Scores

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

Liabilities / Assets

60th percentile

0.16x

Higher debt load relative to assets than 60% of similar nonprofits.

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

Liabilities / Revenue

89th percentile

1.51x

Higher debt load relative to revenue than 89% of similar nonprofits.

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

Net Margin

96th percentile

76%

Higher net margin than 96% 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

49th percentile

2.6%

Faster asset growth than 49% of similar nonprofits.

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

Revenue Growth

35th percentile

-1.8%

Faster revenue growth than 35% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets60th percentile

Assets

Flat

$1,032,355

Flat from 2019

Net Assets

Flat

$871,938

Flat from 2019

Liabilities

Flat

$160,417

Flat from 2019

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin96th percentile

Revenue

Flat

$106,096

Flat from 2019

Expenses

Flat

$25,123

Flat from 2019

Net Income

Flat

$80,973

Flat from 2019

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$1.5M$1.0M$500K$0Assets 2014: $472,636Liabilities 2014: $0Net Assets 2014: $472,6362014Assets 2015: $560,545Liabilities 2015: $0Net Assets 2015: $560,5452015Assets 2016: $645,567Liabilities 2016: $0Net Assets 2016: $645,5672016Assets 2017: $999,560Liabilities 2017: $270,417Net Assets 2017: $729,1432017Assets 2018: $1,006,382Liabilities 2018: $215,417Net Assets 2018: $790,9652018Assets 2019: $1,032,355Liabilities 2019: $160,417Net Assets 2019: $871,9382019Assets 2019: $1,032,355Liabilities 2019: $160,417Net Assets 2019: $871,9382019Assets 2020: $1,160,616Liabilities 2020: $105,417Net Assets 2020: $1,055,1992020Assets 2021: $1,171,490Liabilities 2021: $50,417Net Assets 2021: $1,121,0732021Assets 2022: $1,216,573Liabilities 2022: $0Net Assets 2022: $1,216,5732022Assets 2023: $1,219,969Liabilities 2023: $0Net Assets 2023: $1,219,9692023Assets 2024: $1,323,401Liabilities 2024: $0Net Assets 2024: $1,323,4012024

Highlighted filing

2019

Assets$1,032,355
Liabilities$160,417
Net Assets$871,938
Open 2019 Filing

Operations Trend

Revenue Growth35th percentile

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

$400K$300K$200K$100K$0Revenue 2014: $396,873Expenses 2014: $477Net Income 2014: $396,3962014Revenue 2015: $103,962Expenses 2015: $16,053Net Income 2015: $87,9092015Revenue 2016: $105,322Expenses 2016: $20,300Net Income 2016: $85,0222016Revenue 2017: $108,201Expenses 2017: $24,625Net Income 2017: $83,5762017Revenue 2018: $108,027Expenses 2018: $46,205Net Income 2018: $61,8222018Revenue 2019: $106,096Expenses 2019: $25,123Net Income 2019: $80,9732019Revenue 2019: $106,096Expenses 2019: $25,123Net Income 2019: $80,9732019Revenue 2020: $60,677Expenses 2020: $47,416Net Income 2020: $13,2612020Revenue 2021: $86,687Expenses 2021: $20,813Net Income 2021: $65,8742021Revenue 2022: $107,541Expenses 2022: $12,041Net Income 2022: $95,5002022Revenue 2023: $27,935Expenses 2023: $24,539Net Income 2023: $3,3962023Revenue 2024: $122,721Expenses 2024: $19,289Net Income 2024: $103,4322024

Highlighted filing

2019

Revenue$106,096
Expenses$25,123
Net Income$80,973
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 4, 2020
Return Version
2019v5.1
Gross Receipts
$106,096
Mission and Program Overview

Mission

To advance, encourage and promote the industrial, economic, commercial, distribution, research and civic development of twinsburg, ohio.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$875,078$875,078→ $0
Cash and Non-Interest-Bearing Accounts$35,157$156,206▲ $121,049
Pledges and Grants Receivable$95,078--
Prepaid Expenses and Deferred Charges$1,069$1,071▲ $2
Total Assets$1,006,382$1,032,355▲ $25,973
Liabilities
Mortgage Notes Payable Secured by Investment Property$215,417$160,417▼ $55,000
Total Liabilities$215,417$160,417▼ $55,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$790,965$871,938▲ $80,973
Total Net Assets Fund Balance$790,965$871,938▲ $80,973
Total Liabilities and Net Assets / Fund Balance$1,006,382$1,032,355▲ $25,973
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Bill FureyPresident
Joanne McfearinVice President
Larry FinchExecutive Director
Dan SypenTrustee
Debra Haney-jonesTrustee
Dolf KahleTrustee
Kathi PowersTrustee
Matt CelluraTrustee
Kathi ProcopTrustee (nonvoting)
Scott BarrSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$92,589
Program Service Revenue
$11,905
Investment Income
$1,602
Other Revenue
$0
All Other Contributions
$92,589
Change in Net Assets
$80,973

Audited Revenue Reconciliation

Revenue per Audited Statements
$106,096
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$106,096
Total Revenue per Form 990
$106,096
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$25,123
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$9,544--$9,544
Occupancy-$7,967-$7,967
Fees for Services Accounting-$4,650-$4,650
Insurance-$1,543-$1,543
Office Expenses-$724-$724
Fees for Services Other-$695-$695
Total Functional Expenses$9,544$15,579$0$25,123

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$25,123
Total Expenses per Audited Statements$25,123
Total Expenses per Form 990$25,123
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
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 trustees review a copy of the 990 before it is filed with the irs.”

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

“In order to assure that the interest of the twinsburg community improvement corporation are consistently supported in an ethical and lawful manner each member of the board of trustees and any member with any delegated power to act on the tcic's behalf must agree to and sign a conflict of interest policy. The tcic policy is based on the u.s. Internal revenue service's model policy. The policy document clarifies what constitutes a financial interest, procedure to address any potential conflict of interest, procedures for investigating potential violations of policy and period reviews of practices and policies.”

Form 990, Part VI, Section C, Line 19

“All information is available upon request. Most information can be found on website (disclosed on pg. 1).”

Filing and Contact Details

Filer

Filer Name
Twinsburg Community Improvement
EIN
46-3353343
Phone
3309636154
Address
10075 RAVENNA ROAD, TWINSBURG, OH 44087

Signing Officer

Name
Larry Finch
Title
Executive Director
Phone
3309636154
Signed
2020-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry Finch
Formed
2013
Legal Domicile
Oh
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Perry & Associates Cpas Ac
Address
313 2ND STREET, MARIETTA, OH 45750
Preparer
Jenna E Burns CPA
Phone
7403730056
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Accounting principles generally accepted in the united states require management to evaluate tax positions taken by the tcic and recognize a tax liability (or asset) if the tcic has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service (irs). Management has analyzed the tax positions taken by the tcic, and has concluded that as of the end of the fiscal year, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The tcic is subject to routine audits by taxing jurisdictions, however, there are currently no audits for any tax periods in progress. The tcic's federal return of organization from income tax (federal form 990) for 2016, 2017, and 2018 are subject to examination by the irs, generally for three years after filing.”

Raw XML Appendix376 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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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/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt025123
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0106096
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE TCIC AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE TCIC HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS). MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE TCIC, AND HAS CONCLUDED THAT AS OF THE END OF THE FISCAL YEAR, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE TCIC IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS, HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE TCIC'S FEDERAL RETURN OF ORGANIZATION FROM INCOME TAX (FEDERAL FORM 990) FOR 2016, 2017, AND 2018 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER FILING.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt025123
IRS990ScheduleD/TotalRevenuePerForm990Amt0106096
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0106096
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt025123
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TRUSTEES REVIEW A COPY OF THE 990 BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN ORDER TO ASSURE THAT THE INTEREST OF THE TWINSBURG COMMUNITY IMPROVEMENT CORPORATION ARE CONSISTENTLY SUPPORTED IN AN ETHICAL AND LAWFUL MANNER EACH MEMBER OF THE BOARD OF TRUSTEES AND ANY MEMBER WITH ANY DELEGATED POWER TO ACT ON THE TCIC'S BEHALF MUST AGREE TO AND SIGN A CONFLICT OF INTEREST POLICY. THE TCIC POLICY IS BASED ON THE U.S. INTERNAL REVENUE SERVICE'S MODEL POLICY. THE POLICY DOCUMENT CLARIFIES WHAT CONSTITUTES A FINANCIAL INTEREST, PROCEDURE TO ADDRESS ANY POTENTIAL CONFLICT OF INTEREST, PROCEDURES FOR INVESTIGATING POTENTIAL VIOLATIONS OF POLICY AND PERIOD REVIEWS OF PRACTICES AND POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL INFORMATION IS AVAILABLE UPON REQUEST. MOST INFORMATION CAN BE FOUND ON WEBSITE (DISCLOSED ON PG. 1).
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01006382
IRS990/TotalAssetsEOYAmt01032355
IRS990/TotalAssetsGrp/BOYAmt01006382
IRS990/TotalAssetsGrp/EOYAmt01032355
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt092589
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt015579
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt09544
IRS990/TotalFunctionalExpensesGrp/TotalAmt025123
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0215417
IRS990/TotalLiabilitiesEOYAmt0160417
IRS990/TotalLiabilitiesGrp/BOYAmt0215417
IRS990/TotalLiabilitiesGrp/EOYAmt0160417
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0790965
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0871938
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt09544
IRS990/TotalProgramServiceRevenueAmt011905
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01602
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt011905
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0106096
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01006382
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01032355
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010075 RAVENNA ROAD
IRS990/USAddress/CityNm0TWINSBURG
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IRS990/USAddress/ZIPCd044087
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0HTTP://TWINSBURGCIC.COM/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LARRY FINCH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03309636154
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TWINSBURG COMMUNITY IMPROVEMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0TWIN
ReturnHeader/Filer/EIN0463353343
ReturnHeader/Filer/PhoneNum03309636154
ReturnHeader/Filer/USAddress/AddressLine1Txt010075 RAVENNA ROAD
ReturnHeader/Filer/USAddress/CityNm0TWINSBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044087
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A213DBF8D0B9ACA5D860FB606B39419808AE09FA
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.219.83.6
ReturnHeader/FilingSecurityInformation/IPDt02020-11-04
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm007:35:23
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0550771624
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PERRY & ASSOCIATES CPAS AC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0313 2ND STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MARIETTA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd045750
ReturnHeader/PreparerPersonGrp/PhoneNum07403730056
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JENNA E BURNS CPA
ReturnHeader/ReturnTs02020-11-09T08:26:02-06:00
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
$1,032,355
Liabilities
$160,417
Net assets
$871,938
Revenue
$106,096
Expenses
$25,123
Net income
$80,973
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.32$0.00$1.32$0.12$0.02$0.10
2023Summary only. Only limited summary data is available for this year.$1.22$0.00$1.22$0.03$0.02$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.22$0.00$1.22$0.11$0.01$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$0.05$1.12$0.09$0.02$0.07
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.16$0.11$1.06$0.06$0.05$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.03$0.16$0.87$0.11$0.03$0.08
2019Summary only. Only limited summary data is available for this year.$1.03$0.16$0.87$0.11$0.03$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$0.22$0.79$0.11$0.05$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.27$0.73$0.11$0.02$0.08
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.00$0.65$0.11$0.02$0.09
2015Summary only. Only limited summary data is available for this year.$0.56$0.00$0.56$0.10$0.02$0.09
2014Summary only. Only limited summary data is available for this year.$0.47$0.00$0.47$0.40$0.00$0.40