Civic Intelligence

Rfs Charitable Foundation

EIN 46-3924445 • 501(c)3 • Toledo, OH

Profile

Provide mental health case management and substance abuse counseling to middle and high school students in the city of toledo and throughout northwest ohio. The organization will provide after-school counseling services and work in conjunction with the juvenile treatment court for lucas county, ohio to assist at-risk students in the city of toledo. The organization wil also offer tutoring services for students who struggle academically.

830 N Summit StreetToledo, OH 43605

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

68th percentile

0.31x

Higher debt load relative to assets than 68% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

60th percentile

0.24x

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

501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

30th percentile

-2.7%

Higher net margin than 30% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

76th percentile

$198,911

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

18th percentile

-5.1%

Faster asset growth than 18% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

52nd percentile

7.9%

Faster revenue growth than 52% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Down

$6,977,608

Down $373,069 (-5.1%) from 2022

Liabilities

Down

$2,135,167

Down $133,875 (-5.9%) from 2022

Net Assets

Down

$4,842,441

Down $239,194 (-4.7%) from 2022

Revenue

Up

$8,834,794

Up $646,550 (+7.9%) from 2022

Expenses

Up

$9,073,988

Up $126,288 (+1.4%) from 2022

Net Income

Up

-$239,194

Up $520,262 (+69%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2013: $1Liabilities 2013: $02013Assets 2014: $104,118Liabilities 2014: $191,109Net Assets 2014: -$86,9912014Assets 2015: $800,936Liabilities 2015: $255,740Net Assets 2015: $545,1962015Assets 2016: $1,260,785Liabilities 2016: $431,850Net Assets 2016: $828,9352016Assets 2017: $1,216,563Liabilities 2017: $475,400Net Assets 2017: $741,1632017Assets 2018: $2,994,822Liabilities 2018: $1,425,912Net Assets 2018: $1,568,9102018Assets 2019: $4,235,812Liabilities 2019: $1,640,617Net Assets 2019: $2,595,1952019Assets 2020: $7,017,343Liabilities 2020: $2,596,446Net Assets 2020: $4,420,8972020Assets 2021: $7,273,922Liabilities 2021: $1,432,831Net Assets 2021: $5,841,0912021Assets 2022: $7,350,677Liabilities 2022: $2,269,042Net Assets 2022: $5,081,6352022Assets 2023: $6,977,608Liabilities 2023: $2,135,167Net Assets 2023: $4,842,4412023

Highlighted filing

2023

Assets$6,977,608
Liabilities$2,135,167
Net Assets$4,842,441

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2013: $5,650Expenses 2013: $5,650Net Income 2013: $02013Revenue 2014: $256,529Expenses 2014: $343,520Net Income 2014: -$86,9912014Revenue 2015: $2,927,124Expenses 2015: $2,275,005Net Income 2015: $652,1192015Revenue 2016: $5,629,168Expenses 2016: $5,326,288Net Income 2016: $302,8802016Revenue 2017: $6,673,997Expenses 2017: $6,715,891Net Income 2017: -$41,8942017Revenue 2018: $7,297,592Expenses 2018: $6,469,845Net Income 2018: $827,7472018Revenue 2019: $8,811,553Expenses 2019: $7,785,268Net Income 2019: $1,026,2852019Revenue 2020: $10,020,649Expenses 2020: $8,194,947Net Income 2020: $1,825,7022020Revenue 2021: $11,225,614Expenses 2021: $9,805,420Net Income 2021: $1,420,1942021Revenue 2022: $8,188,244Expenses 2022: $8,947,700Net Income 2022: -$759,4562022Revenue 2023: $8,834,794Expenses 2023: $9,073,988Net Income 2023: -$239,1942023

Highlighted filing

2023

Revenue$8,834,794
Expenses$9,073,988
Net Income-$239,194

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$8,834,794
Mission and Program Overview

Mission

Provide mental health case management and substance abuse counseling to middle and high school students in the city of toledo and throughout northwest ohio. The organization will provide after-school counseling services and work in conjunction with the juvenile treatment court for lucas county, ohio to assist at-risk students in the city of toledo. The organization wil also offer tutoring services for students who struggle academically.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,771,261$4,596,587▼ $174,674
Accounts Receivable$808,137$748,008▼ $60,129
Land, Buildings, and Equipment, Net$198,528$183,435▼ $15,093
Prepaid Expenses and Deferred Charges$10,550$10,550→ $0
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$7,350,677$6,977,608▼ $373,069
Other Assets Total$1,562,201$1,439,028▼ $123,173
Liabilities
Accounts Payable and Accrued Expenses$1,366,555$1,367,392▲ $837
Other Liabilities$902,487$767,775▼ $134,712
Total Liabilities$2,269,042$2,135,167▼ $133,875
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,081,635$4,842,441▼ $239,194
Total Net Assets Fund Balance$5,081,635$4,842,441▼ $239,194
Total Liabilities and Net Assets / Fund Balance$7,350,677$6,977,608▼ $373,069

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$37,077$53,923-
Other Land Buildings-$18,999-
Land$35,000--
Equipment$111,358$161,956-
Other Assets Org$771,315--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brian HustonDirector
Bud HiteDirector
Carolyn YenrickDirector
Eric WilliamsDirector
Julie GaultDirector
Keary SarabiaTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$15,000
Program Service Revenue
$8,788,262
Investment Income
$31,532
Other Revenue
$0
All Other Contributions
$15,000
Change in Net Assets
$-239,194
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,398,115
Other Expenses$1,675,873
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,099,468$295,591-$6,395,059
Other Employee Benefits$956,693$46,363-$1,003,056
Fees for Services Other$63,131$674,051-$737,182
Occupancy$253,083$28,120-$281,203
Advertising$82,522--$82,522
Insurance-$48,390-$48,390
Depreciation Depletion-$45,533-$45,533
Office Expenses$36,230$9,057-$45,287
Travel$30,576$7,644-$38,220
Other Expenses$24,698$2,744-$27,442
All Other Expenses$6,779$1,695-$8,474
Interest$55$7,442-$7,497
Total Functional Expenses$7,880,149$1,193,839$0$9,073,988
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities, net of curr$646,272
Notes Payable$121,503
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

RFS Charitable Foundation has a management agreement with Focus Professional Services, LLC. Focus Professional Services, LLC shall have the authority and responsibility to manage, supervise and administer the day-to-day management and administrative business.

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

All Trustee members were presented a copy of the Form 990 for review prior to filing for their approval.

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

Regular Trustee meetings are held to discuss any possible conflicts of interest.

Form 990, Part VI, Section C, Line 19

Available upon written request.

Filing and Contact Details

Filer

Filer Name
Rfs Charitable Foundation
EIN
46-3924445
Phone
5676943426
Address
830 N SUMMIT STREET, TOLEDO, OH 43605

Signing Officer

Name
Keary Sarabia
Title
Trustee
Signed
2024-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keary Sarabia
Formed
2013
Legal Domicile
Oh
Voting Board Members
6
Independent Board Members
6
Employees
66

Preparer

Firm
Brennan Manna & Diamond LLC
Address
75 East Market St, Akron, OH 44308
Preparer
Adrian C Ribovich Esq
Phone
3303747481
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010550
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010550
IRS990/PrincipalOfficerNm0KEARY SARABIA
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0624100
IRS990/ProgramServiceRevenueGrp/Desc0Behavioral Health Revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08788262
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08788262
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt077409
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt05238
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01831559
IRS990/PYProgramServiceRevenueAmt08105597
IRS990/PYRevenuesLessExpensesAmt0-759456
IRS990/PYSalariesCompEmpBnftPaidAmt07116141
IRS990/PYTotalExpensesAmt08947700
IRS990/PYTotalRevenueAmt08188244
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-239194
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt015000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt077409
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01656449
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01748858
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt01748858
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt015000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt077409
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01656449
IRS990ScheduleA/Total509Grp/TotalAmt01748858
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt015000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt077409
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01656449
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01748858
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt037077
IRS990ScheduleD/BuildingsGrp/DepreciationAmt053923
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt091000
IRS990ScheduleD/EquipmentGrp/BookValueAmt0111358
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0161956
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0273314
IRS990ScheduleD/LandGrp/BookValueAmt035000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt035000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt09857
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1657856
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2771315
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deposit
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Note Receivable -Officer
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Right-of-use Operating Leases
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt018999
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt018999
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0121503
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1646272
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Notes Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Operating Lease Liabilities, net of curr
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0183435
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01439028
IRS990ScheduleD/TotalLiabilityAmt0767775
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KEARY SARABIA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Trustee
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RFS Charitable Foundation has a management agreement with Focus Professional Services, LLC. Focus Professional Services, LLC shall have the authority and responsibility to manage, supervise and administer the day-to-day management and administrative business.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All Trustee members were presented a copy of the Form 990 for review prior to filing for their approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Regular Trustee meetings are held to discuss any possible conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Available upon written request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07350677
IRS990/TotalAssetsEOYAmt06977608
IRS990/TotalAssetsGrp/BOYAmt07350677
IRS990/TotalAssetsGrp/EOYAmt06977608
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt015000
IRS990/TotalEmployeeCnt066
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01193839
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt07880149
IRS990/TotalFunctionalExpensesGrp/TotalAmt09073988
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02269042
IRS990/TotalLiabilitiesEOYAmt02135167
IRS990/TotalLiabilitiesGrp/BOYAmt02269042
IRS990/TotalLiabilitiesGrp/EOYAmt02135167
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05081635
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04842441
IRS990/TotalProgramServiceExpensesAmt07880149
IRS990/TotalProgramServiceRevenueAmt08788262
IRS990/TotalReportableCompFromOrgAmt0313087
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt08819794
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08834794
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07350677
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06977608
IRS990/TravelGrp/ManagementAndGeneralAmt07644
IRS990/TravelGrp/ProgramServicesAmt030576
IRS990/TravelGrp/TotalAmt038220
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0830 N SUMMIT STREET
IRS990/USAddress/CityNm0TOLEDO
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd043605
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06

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