Civic Intelligence

Bright New Leaders for Ohio Schools

990 • Fiscal year 2016 • EIN 46-5074939

Jan 01, 2016 to Dec 31, 2016 • Filed on Jul 19, 2017

41 South High Street Suite 2240Columbus, OH 43215

(614) 469-1044

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.57x

Higher debt load relative to assets than 82% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

57th percentile

0.15x

Higher debt load relative to revenue than 57% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

4th percentile

-96%

Higher net margin than 4% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

93rd percentile

$273,191

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 13.4% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

1st percentile

-76%

Faster asset growth than 1% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

7th percentile

-43%

Faster revenue growth than 7% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$524,870

Down $1,647,607 (-76%) from 2015

Net Assets

Down

$224,870

Down $1,947,607 (-90%) from 2015

Liabilities

Up

$300,000

Up $300,000 from 2015

Revenue

Down

$2,034,311

Down $1,560,050 (-43%) from 2015

Expenses

Up

$3,981,918

Up $1,045,364 (+36%) from 2015

Net Income

Down

-$1,947,607

Down $2,605,414 (-396%) from 2015

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2014: $1,514,670Liabilities 2014: $0Net Assets 2014: $1,514,6702014Assets 2015: $2,172,477Liabilities 2015: $0Net Assets 2015: $2,172,4772015Assets 2016: $524,870Liabilities 2016: $300,000Net Assets 2016: $224,8702016Assets 2017: $953,588Liabilities 2017: $0Net Assets 2017: $953,5882017Assets 2018: $29,240Liabilities 2018: $0Net Assets 2018: $29,2402018

Highlighted filing

2016

Assets$524,870
Liabilities$300,000
Net Assets$224,870

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2014: $2,432,628Expenses 2014: $917,958Net Income 2014: $1,514,6702014Revenue 2015: $3,594,361Expenses 2015: $2,936,554Net Income 2015: $657,8072015Revenue 2016: $2,034,311Expenses 2016: $3,981,918Net Income 2016: -$1,947,6072016Revenue 2017: $1,753,304Expenses 2017: $1,024,586Net Income 2017: $728,7182017Revenue 2018: $1,754,482Expenses 2018: $2,678,830Net Income 2018: -$924,3482018

Highlighted filing

2016

Revenue$2,034,311
Expenses$3,981,918
Net Income-$1,947,607
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jul 19, 2017
Return Version
2016v3.1
Gross Receipts
$2,034,311
Mission and Program Overview

Mission

Support and development for bright new leaders for ohio schools. Bright is a program that provides an alternative path for individuals to receive training and development in the administration of primary and secondary school education leadership. These individuals will be placed in public schools with a poverty percentage of greater than fifty percent.

Support and development for bright new leaders for ohio schools

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,172,477$524,870▼ $1,647,607
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$2,172,477$524,870▼ $1,647,607
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$0$300,000▲ $300,000
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$300,000▲ $300,000
Net Assets / Fund Balance
Unrestricted Net Assets$2,172,477$224,870▼ $1,947,607
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$2,172,477$224,870▼ $1,947,607
Total Liabilities and Net Assets / Fund Balance$2,172,477$524,870▼ $1,647,607
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas G MaridadaPresident and CEOFT$225,252$47,939$273,191

Board Members and Trustees

NameTitle
Richard a StoffChairman and Treasurer
April DomineDirector
Col James V JonesDirector
John Carey JrDirector
Mark RealDirector
Michele HawkinsDirector
Richard SeasDirector
Ted Ginn SrDirector
Paolo DemariaDirector as of 01/01/16
Jacqueline SwickSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
The Ohio State UniversityMba Program Tuition100 Fisher Hall 2100 Neil Ave, Columbus, OH 43210$1,722,892
Lee Hecht Harrisonplacement of fellowsDept CH10544, Palatine, IL 60055$236,250
Scitrain LtdCandidate Selection4450 Belden Village Ste 506, Canton, OH 44718$170,572
Fahlgren MortineMarketing, website4030 Easton Station 300, Columbus, OH 43219$156,446
UVA Darden School FoundationLeadership trainingPO Box 7263, Charlottesville, VA 22906$149,900
Revenue and Support

Revenue Composition

Contributions and Grants
$2,030,000
Program Service Revenue
$0
Investment Income
$4,311
Other Revenue
$0
All Other Contributions
$30,000
Change in Net Assets
$-1,947,607
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,567,713
Salaries, Compensation, and Employee Benefits$414,205
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$3,360,168$0$0$3,360,168
Current Officers, Directors, Trustees, and Key Employees$264,995$8,196-$273,191
Other Salaries and Wages$95,639$2,958-$98,597
Conferences and Meetings$65,883--$65,883
Fees for Services Accounting-$45,765-$45,765
Other Expenses$43,086$0$0$43,086
Travel$26,664--$26,664
Office Expenses$24,177--$24,177
Payroll Taxes$17,745$549-$18,294
Pension Plan Contributions$16,938$524-$17,462
Other Employee Benefits$6,461$200-$6,661
Interest$1,970--$1,970
Total Functional Expenses$3,923,726$58,192$0$3,981,918
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
Yes
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
No

Governance Explanations

Form 990, Part VI, Line 11B - Process Used to Review 990

The 990 return was presented to the audit committee of the board of directors, who presented it to the board for approval prior to its filing with the internal revenue service.

Form 990, Part VI, Line 12C -monitoring for Conflicts of Interest

The conflict of interest policy is sent to each member of the board at which time members are asked to complete a declaration of interests form. If any conflicts are reported, they are reviewed my management and will be taken to the balance of the board if warranted. The organization has adopted the policy of the ohio business roundtable which includes policies regarding whistelblowers and document retention and destruction. If a conflict exists, the board member with the conflict will be recused from voting on any matter related to the conflict or in participating in the governing body's deliberations and decisions on any such matter.

Form 990, Part VI, Line 15A -process for Determining Comp for CEO

The authorized representative and others assisting with the start up of the corporation worked with a search firm to hire the president and ceo. Since no other organization of this type exists, they determined the salary based on current salary levels of candidates and reviewed 990 returns of other non profit organizations of similar size to arrive at a salary commensurate with the duties of the president and ceo. The chairman conducts an evaluation of the performance of the president and ceo annually at which time adjustments to compensation are considered.

Form 990, Part VI, Line 19 - Avail of Gov Docs, Coi Policy & F/S

All governing documents, tax returns, financial statements and conflict of interest policies are available for public inspection at any time.

Filing and Contact Details

Filer

Filer Name
New Leaders for Ohio Schools
EIN
46-5074939
In Care Of
% Jackie Swick
Phone
6144691044
Address
41 South High Street Suite 2240, Columbus, OH 43215
Doing Business As
BRIGHT New Leaders for Ohio Schools

Signing Officer

Name
Richard A Stoff
Title
Chairman & Treasurer
Phone
6144691044
Signed
2017-07-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard A Stoff
Formed
2013
Legal Domicile
Oh
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
0

Preparer

Firm
Ernst & Young US Llp
Address
800 Yard Street Suite 200, Grandview Heights, OH 43212
Preparer
Diane L Bean
Phone
6142245678
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 1 -accounting Method Used to Prepare 990

The corporation's financial statements are presented on a modified cash receipts and disbursements basis. Consequently, certain revenue and the related assets are recognized when received rather than when earned and certain expenditures are recognized when paid rather than when the obligation is incurred. The modified cash receipts and disbursements basis differs from the cash basis in that capital assets acquired with cash, and related depreciation, are recorded. Liabilities related to debt arising from cash transactions are recorded. In addition, receivables and payables that arise from cash transactions are recorded. For example, a receivable and payable resulting from an interfund loan or payment on behalf of others or by others on the corporation's behalf not repaid during the year are reported because it involves a source and use of cash. It is management's determination that the modified cash receipts and disbursements basis more appropriately reflects the operations of the corporation and of associated comparable entities.

Form 990 Part IX Line 11G

Description:contract svcs-mba program total fees:1722892

Form 990 Part IX Line 11G

Description:contract svcs-mrkting/recruit total fees:280466

Form 990 Part IX Line 11G

Description:contract svcs-program develop total fees:217488

Form 990 Part IX Line 11G

Description:contract svcs-fellows stipends total fees:575000

Form 990 Part IX Line 11G

Description:contract svcs-in-bldg support total fees:167900

Form 990 Part IX Line 11G

Description:contract svcs-training tools total fees:396422

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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR AS OF 01/01/16
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIRMAN AND TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT AND CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY
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IRS990/MissionDesc0SUPPORT AND DEVELOPMENT FOR BRIGHT NEW LEADERS FOR OHIO SCHOOLS. BRIGHT IS A PROGRAM THAT PROVIDES AN ALTERNATIVE PATH FOR INDIVIDUALS TO RECEIVE TRAINING AND DEVELOPMENT IN THE ADMINISTRATION OF PRIMARY AND SECONDARY SCHOOL EDUCATION LEADERSHIP. THESE INDIVIDUALS WILL BE PLACED IN PUBLIC SCHOOLS WITH A POVERTY PERCENTAGE OF GREATER THAN FIFTY PERCENT.
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IRS990/ProgSrvcAccomActy2Grp/Desc0MARKETING AND RECRUITING OF THE SECOND COHORT FOR AN MBA PROGRAM AT OHIO STATE UNIVERSITY'S FISHER COLLEGE OF BUSINESS. PROVIDE TRAINING AND COACHING FOR FELLOWS FROM COHORT ONE BY PROVIDING LEADERSHIP TRAINING FOR COACHES AND COLLOQUIA TRAINING FOR FELLOWS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0PLACEMENT OF COHORT ONE FELLOWS IN LEADERSHIP POSITIONS IN OHIO SCHOOLS.
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IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt07204
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