Civic Intelligence

Mortar Cincinnati

990 • Fiscal year 2020 • EIN 47-2431620

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

1329 Vine StreetCincinnati, OH 45202

(513) 888-4769

Siviq Scores

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

Liabilities / Assets

50th percentile

0.10x

Higher debt load relative to assets than 50% of similar nonprofits.

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

Liabilities / Revenue

44th percentile

0.10x

Higher debt load relative to revenue than 44% of similar nonprofits.

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

Net Margin

93rd percentile

62%

Higher net margin than 93% of similar nonprofits.

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

Top Officer Pay

72nd percentile

$106,682

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

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

Asset Growth

97th percentile

226%

Faster asset growth than 97% of similar nonprofits.

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

Revenue Growth

96th percentile

179%

Faster revenue growth than 96% of similar nonprofits.

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

Assets

Up

$2,389,917

Up $1,657,078 (+226%) from 2019

Net Assets

Up

$2,156,917

Up $1,424,078 (+194%) from 2019

Liabilities

Up

$233,000

Up $233,000 from 2019

Revenue

Up

$2,305,092

Up $1,480,211 (+179%) from 2019

Expenses

Down

$886,237

Down $209,025 (-19%) from 2019

Net Income

Up

$1,418,855

Up $1,689,236 (+625%) 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: $2,681Liabilities 2014: $0Net Assets 2014: $2,6812014Assets 2015: $87,125Liabilities 2015: $02015Assets 2016: $180,015Liabilities 2016: $0Net Assets 2016: $180,0152016Assets 2017: $676,227Liabilities 2017: $0Net Assets 2017: $676,2272017Assets 2018: $992,353Liabilities 2018: $0Net Assets 2018: $992,3532018Assets 2019: $732,839Liabilities 2019: $0Net Assets 2019: $732,8392019Assets 2020: $2,389,917Liabilities 2020: $233,000Net Assets 2020: $2,156,9172020Assets 2021: $3,608,845Liabilities 2021: $85,286Net Assets 2021: $3,523,5592021Assets 2022: $4,414,085Liabilities 2022: $114,817Net Assets 2022: $4,299,2682022Assets 2023: $4,286,008Liabilities 2023: $224,890Net Assets 2023: $4,061,1182023Assets 2024: $5,717,858Liabilities 2024: $1,414,342Net Assets 2024: $4,303,5162024

Highlighted filing

2020

Assets$2,389,917
Liabilities$233,000
Net Assets$2,156,917

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $2,731Expenses 2014: $50Net Income 2014: $2,6812014Revenue 2015: $159,337Expenses 2015: $74,943Net Income 2015: $84,3942015Revenue 2016: $352,804Expenses 2016: $262,270Net Income 2016: $90,5342016Revenue 2017: $990,645Expenses 2017: $494,433Net Income 2017: $496,2122017Revenue 2018: $1,064,815Expenses 2018: $748,689Net Income 2018: $316,1262018Revenue 2019: $824,881Expenses 2019: $1,095,262Net Income 2019: -$270,3812019Revenue 2020: $2,305,092Expenses 2020: $886,237Net Income 2020: $1,418,8552020Revenue 2021: $2,146,436Expenses 2021: $1,089,778Net Income 2021: $1,056,6582021Revenue 2022: $2,137,813Expenses 2022: $1,464,330Net Income 2022: $673,4832022Revenue 2023: $1,352,116Expenses 2023: $1,473,518Net Income 2023: -$121,4022023Revenue 2024: $2,083,130Expenses 2024: $1,692,606Net Income 2024: $390,5242024

Highlighted filing

2020

Revenue$2,305,092
Expenses$886,237
Net Income$1,418,855
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$2,305,092
Mission and Program Overview

Mission

Our mission aims to create diverse communities by enabling historically marginalized entrepreneurs to access the resources needed to start & run successful businesses.

Our mission is to enable under-served entrepreneurs and businesses to succeed; creating opportunities to build communities through entrepreneurship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$549,158$2,089,857▲ $1,540,699
Investments in Publicly Traded Securities$0$163,968▲ $163,968
Savings and Temporary Cash Investments$158,639$108,968▼ $49,671
Other Notes and Loans Receivable, Net$25,042$27,124▲ $2,082
Accounts Receivable$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
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$732,839$2,389,917▲ $1,657,078
Other Assets Total$0$0→ $0
Liabilities
Unsecured Notes Loans Payable$0$133,000▲ $133,000
Other Liabilities$0$100,000▲ $100,000
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$233,000▲ $233,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$719,618$1,712,507▲ $992,889
Net Assets With Donor Restrictions$13,221$444,410▲ $431,189
Total Net Assets Fund Balance$732,839$2,156,917▲ $1,424,078
Total Liabilities and Net Assets / Fund Balance$732,839$2,389,917▲ $1,657,078
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joseph Allen WoodsDirector / Executive DirectorFT$91,909$14,773$106,682
Derrick BrazielDirectorFT$61,878$3,713$65,591
William ThomasDirectorFT$59,969$3,662$63,631

Board Members and Trustees

NameTitle
Kala GibsonPresident
Pranav KothariVice President
Ben GreenbergDirector
Carter StewartDirector
Dr Nita WalkerDirector
Erikka GrayDirector
Jake SamadDirector
Karyl CunninghamDirector
Kashif ShaikhDirector
Robert McdonaldDirector
Sam RossDirector
Sean RhineyDirector
Stephanie KhuranaDirector
Ashlee YoungSecretary
Richard WestheimerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,028,247
Program Service Revenue
$271,128
Investment Income
$5,717
Other Revenue
$0
All Other Contributions
$1,978,247
Change in Net Assets
$1,418,855

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,305,092
Revenue Not Reported on Form 990
$5,223
Total Revenue per Audited Statements
$2,310,315
Total Revenue per Form 990
$2,305,092
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$622,697
Other Expenses$202,232
Total Fundraising Expense$63,233
Grants and Similar Amounts Paid$61,308
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$220,297$59,664$30,791$310,752
Current Officers, Directors, Trustees, and Key Employees$167,236$45,293$23,375$235,904
Fees for Services Other$67,039--$67,039
Grants to Domestic Individuals$61,308--$61,308
Occupancy$30,448$20,299-$50,747
Payroll Taxes$27,751$7,516$3,879$39,146
Other Employee Benefits$26,155$7,084$3,656$36,895
Fees for Services Accounting-$17,411-$17,411
Other Expenses$7,850$5,200-$13,050
Office Expenses$8,287$3,071-$11,358
Fees for Services Legal-$6,300-$6,300
Insurance-$5,303-$5,303
Travel$1,534-$1,532$3,066
Information Technology-$2,562-$2,562
Advertising$2,479--$2,479
Total Functional Expenses$636,656$186,348$63,233$886,237

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$886,237
Total Expenses per Audited Statements$886,237
Total Expenses per Form 990$886,237
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held for Others$100,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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, Section B, Line 11B

Process of the review of form 990 the form 990 is distributed, discussed and approved at a financial committee meeting.

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

ORGANIZATION'S PRACTICE FOR MONITORING COMPLIANCE MORTAR has a written conflict of interest policy which includes annual signing of conflict of interest forms and disclosure and voting by the board on whether to waive conflict situations. Conflicts and related resolutions are reflected in the Board of Directors meeting minutes.

Form 990, Part VI, Section B, Line 15

COMPENSATION REVIEW PROCESS Organization salaries in total are approved by the Finance Committee and the full Board as part of the annual budget process. When the discussions of the salary for the Executive Director or other board members takes place in these sessions, the Executive Director or board member is dismissed and the group enters an Executive session.

Filing and Contact Details

Filer

Filer Name
Mortar Cincinnati
EIN
47-2431620
In Care Of
% RICHARD WESTHEIMER
Phone
5138884769
Address
1329 Vine Street, Cincinnati, OH 45202

Signing Officer

Name
Richard Westheimer
Title
Treasurer
Phone
5138884769
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Westheimer
Formed
2014
Legal Domicile
Oh
Voting Board Members
18
Independent Board Members
15
Employees
13
Volunteers
55

Preparer

Firm
Bkd Llp
Address
312 WALNUT STREET SUITE 3000, CINCINNATI, OH 45202
Preparer
Aaron Hershberger
Phone
5136218300
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR / EXECUTIVE DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt17SECRETARY
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