Civic Intelligence

Siemer Institute

990 • Fiscal year 2019 • EIN 81-4859121

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 06, 2020

1234 East Broad StreetColumbus, OH 43205-1405

(614) 251-4000

Siviq Scores

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

Liabilities / Assets

31st percentile

0.07x

Higher debt load relative to assets than 31% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

23rd percentile

0.07x

Higher debt load relative to revenue than 23% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

79th percentile

20%

Higher net margin than 79% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

93rd percentile

$653,680

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

93rd percentile

45%

Faster asset growth than 93% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

80th percentile

22%

Faster revenue growth than 80% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$11,132,336

Up $3,461,278 (+45%) from 2018

Net Assets

Up

$10,392,734

Up $2,977,782 (+40%) from 2018

Liabilities

Up

$739,602

Up $483,496 (+189%) from 2018

Revenue

Up

$9,995,271

Up $1,778,592 (+22%) from 2018

Expenses

Up

$8,003,571

Up $573,467 (+7.7%) from 2018

Net Income

Up

$1,991,700

Up $1,205,125 (+153%) from 2018

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2017: $7,632,873Liabilities 2017: $437,624Net Assets 2017: $7,195,2492017Assets 2018: $7,671,058Liabilities 2018: $256,106Net Assets 2018: $7,414,9522018Assets 2019: $11,132,336Liabilities 2019: $739,602Net Assets 2019: $10,392,7342019Assets 2020: $17,764,022Liabilities 2020: $7,441,187Net Assets 2020: $10,322,8352020Assets 2021: $21,924,276Liabilities 2021: $10,503,843Net Assets 2021: $11,420,4332021Assets 2022: $14,723,038Liabilities 2022: $3,329,472Net Assets 2022: $11,393,5662022Assets 2023: $20,804,216Liabilities 2023: $14,009,017Net Assets 2023: $6,795,1992023Assets 2024: $23,655,323Liabilities 2024: $16,698,870Net Assets 2024: $6,956,4532024

Highlighted filing

2019

Assets$11,132,336
Liabilities$739,602
Net Assets$10,392,734

Operations Trend

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

$20M$10M$0-$10MRevenue 2017: $11,306,259Expenses 2017: $4,111,010Net Income 2017: $7,195,2492017Revenue 2018: $8,216,679Expenses 2018: $7,430,104Net Income 2018: $786,5752018Revenue 2019: $9,995,271Expenses 2019: $8,003,571Net Income 2019: $1,991,7002019Revenue 2020: $7,084,601Expenses 2020: $7,941,370Net Income 2020: -$856,7692020Revenue 2021: $13,963,015Expenses 2021: $12,398,716Net Income 2021: $1,564,2992021Revenue 2022: $6,610,682Expenses 2022: $5,269,556Net Income 2022: $1,341,1262022Revenue 2023: $10,349,930Expenses 2023: $16,089,368Net Income 2023: -$5,739,4382023Revenue 2024: $19,369,986Expenses 2024: $19,628,589Net Income 2024: -$258,6032024

Highlighted filing

2019

Revenue$9,995,271
Expenses$8,003,571
Net Income$1,991,700
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 6, 2020
Return Version
2019v5.1
Gross Receipts
$14,927,949
Mission and Program Overview

Mission

The siemer institute will enhance educational opportunities for school-aged children by preventing family homelessness and reducing school instability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$2,000,000$5,000,000▲ $3,000,000
Investments in Publicly Traded Securities$4,297,925$4,757,283▲ $459,358
Cash and Non-Interest-Bearing Accounts$1,370,686$1,372,053▲ $1,367
Prepaid Expenses and Deferred Charges-$3,000-
Accounts Receivable$2,447$0▼ $2,447
Total Assets$7,671,058$11,132,336▲ $3,461,278
Liabilities
Grants Payable$250,000$725,000▲ $475,000
Accounts Payable and Accrued Expenses$6,106$14,602▲ $8,496
Total Liabilities$256,106$739,602▲ $483,496
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,414,952$10,392,734▲ $2,977,782
Total Net Assets Fund Balance$7,414,952$10,392,734▲ $2,977,782
Total Liabilities and Net Assets / Fund Balance$7,671,058$11,132,336▲ $3,461,278
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert D PodlogarChief Executive OfficerFT$133,900$19,777$153,677

Board Members and Trustees

NameTitle
Barbara SiemerChair/director
Elizabeth SiemerPresident & Vice Chair/Director
Tanny CraneVice President/director
Douglas F KridlerAssistant Secretary/direct
Scott G HeitkampAssistant Treasurer/direct
Revenue and Support

Revenue Composition

Contributions and Grants
$10,006,720
Program Service Revenue
$0
Investment Income
$-5,030
Other Revenue
$-6,419
Change in Net Assets
$1,991,700

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,001,573
Revenue Not Reported on Financial Statements
$-6,302
Revenue Not Reported on Form 990
$923,925
Other Revenue Adjustments
$-6,302
Total Revenue per Audited Statements
$10,925,498
Total Revenue per Form 990
$9,995,271
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$7,450,000
Other Expenses$285,723
Salaries, Compensation, and Employee Benefits$267,848
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$7,450,000--$7,450,000
Other Salaries and Wages$231,441--$231,441
Fees for Services Management-$55,000-$55,000
Fees for Services Other$28,038--$28,038
Travel$25,766--$25,766
Payroll Taxes$17,761--$17,761
Pension Plan Contributions$16,830--$16,830
Information Technology$7,535--$7,535
Fees for Service Investment Mgmnt Fees-$5,855-$5,855
Occupancy$5,840--$5,840
Other Employee Benefits$1,816--$1,816
Fees for Services Accounting-$1,500-$1,500
Office Expenses$241--$241
Other Expenses$155,610$200-$200
Insurance$138--$138
Total Functional Expenses$7,941,016$62,555$0$8,003,571

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$8,003,571
Expenses per Audited Statements$7,997,716
Total Expenses per Audited Statements$7,947,716
Expenses Not Reported on Financial Statements$5,855
Other Expense Adjustments$5,855
Expenses Not Reported on Form 990$-50,000
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
United Way of Central Ohio IncCleveland, OH501c3Social Services$500,000
United Way AtlantaAtlanta, GA501c3Social Services$300,000
United Way SuncoastTampa, FL501c3Social Services$300,000
United Way ChicagoChicago, IL501c3Social Services$250,000
United Way Bay AreaSan Francisco, CA501c3Social Services$200,000
United Way Massachusetts BayBoston, MA501c3Social Services$200,000
United Way PhiladelphiaPhiladelphia, PA501c3Social Services$200,000
United Way of Central Ohio IncCleveland, OH501c3Social Services$200,000
Metro United Way IncLouisville, KY501c3Social Services$150,000
United Way AustinAustin, TX501c3Social Services$150,000
United Way Central CarolinasCharlotte, NC501c3Social Services$150,000
United Way Central IndianaIndianapolis, IN501c3Social Services$150,000
United Way Kansas CityKansas City, MO501c3Social Services$150,000
United Way King CountySeattle, WA501c3Social Services$150,000
United Way Los AngelesLos Angeles, CA501c3Social Services$150,000
United Way MilwaukeeMilwaukee, WI501c3Social Services$150,000
United Way Orange CountyIrvine, CA501c3Social Services$150,000
United Way San AntonioSan Antonio, TX501c3Social Services$150,000
United Way Valley of the SunPhoenix, AZ501c3Social Services$150,000
United Way of Central Ohio IncCleveland, OH501c3Social Services$150,000
United Way of Central Ohio IncCleveland, OH501c3Social Services$150,000
Gulf Coast Community FoundationVenice, FL501c3Social Services$100,000
United Way ArkansasNorth Little Rock, AR501c3Social Services$100,000
United Way Buffalo & Erie CountyBuffalo, NY501c3Social Services$100,000
United Way Central AlabamaBirmingham, AL501c3Social Services$100,000
United Way Central IowaDes Moines, IA501c3Social Services$100,000
United Way ClevelandCleveland, OH501c3Social Services$100,000
United Way DallasDallas, TX501c3Social Services$100,000
United Way Dane CountyMadison, WI501c3Social Services$100,000
United Way GreensboroGreensboro, NC501c3Social Services$100,000
United Way Heart of FloridaOrlando, FL501c3Social Services$100,000
United Way HoustonHouston, TX501c3Social Services$100,000
United Way MarylandBaltimore, MD501c3Social Services$100,000
United Way Metropolitan Tarrant CountyFort Worth, TX501c3Social Services$100,000
United Way Miami DadeMiami, FL501c3Social Services$100,000
United Way Mid-southMemphis, TN501c3Social Services$100,000
United Way MidlandsOmaha, NE501c3Social Services$100,000
United Way Mile HighDenver, CO501c3Social Services$100,000
United Way NashvilleNashville, TN501c3Social Services$100,000
United Way NevadaLas Vegas, NV501c3Social Services$100,000
United Way Northeast FloridaJacksonville, FL501c3Social Services$100,000
United Way Sacramento AreaSacramento, CA501c3Social Services$100,000
United Way Salt LakeSalt Lake City, UT501c3Social Services$100,000
United Way Southeastern MichiganDetroit, MI501c3Social Services$100,000
United Way Southwestern PennsylvaniaGreensburg, PA501c3Social Services$100,000
United Way St LouisSt Louis, MO501c3Social Services$100,000
United Way Twin CitiesMinneapolis, MN501c3Social Services$100,000
United Way AtlantaAtlanta, GA501c3Social Services$50,000
United Way Battle Creek & KalamazooKalamazoo, MI501c3Social Services$50,000
United Way Buffalo & Erie CountyBuffalo, NY501c3Social Services$50,000
United Way ConnecticutHartford, CT501c3Social Services$50,000
United Way GreensboroGreensboro, NC501c3Social Services$50,000
United Way Lee CountyFort Myers, FL501c3Social Services$50,000
United Way Massachusetts BayBoston, MA501c3Social Services$50,000
United Way New MexicoAlbuquerque, NM501c3Social Services$50,000
United Way Orange CountyIrvine, CA501c3Social Services$50,000
United Way Pikes PeakColorado Springs, CO501c3Social Services$50,000
United Way San AntonioSan Antonio, TX501c3Social Services$50,000
United Way Tucson and Southern AzTucson, AZ501c3Social Services$50,000
United Way of Central Ohio IncCleveland, OH501c3Social Services$50,000
United Way of Central Ohio IncCleveland, OH501c3Social Services$50,000
United Way of Rhode IslandProvidence, RI501c3Social Services$50,000
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
No
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 A, Line 2

Barbara j. Siemer is the mother of elizabeth m. Siemer.

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

To facilitate the timely filing of the form 990, the return is not reviewed prior to its filing by all trustees. The return is, however, available for review at the next regularly scheduled board meeting.

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

Annually, trustees are required, in writing, to confirm both their understanding of the foundation's conflict of interest policy, and that he/she is in compliance with it.

Form 990, Part VI, Section B, Line 15

Lines 15a & b: top officers are not compensated

Form 990, Part VI, Section C, Line 18

The organization's forms 1023 and 990 are available upon request. Further, the organization's form 990 is available at www.guidestar.org

Form 990, Part VI, Section C, Line 19

This organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Siemer Institute
EIN
81-4859121
Phone
6142514000
Address
1234 EAST BROAD STREET, COLUMBUS, OH 43205-1405

Signing Officer

Name
Scott Heitkamp
Title
Asst Treasurer
Phone
6142514000
Signed
2020-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Heitkamp
Formed
2017
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
3
Employees
2
Volunteers
0

Preparer

Firm
John Gerlach & Company Llp
Address
37 W BROAD ST 800, COLUMBUS, OH 43215
Preparer
Tj Conger CPA
Phone
6142242164
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Prior year grants rescinded 50,000. Book/tax difference on pass-through investments 6,302.

Form 990 Part XII, Line 2C

The organization does not have a formal committee with specific duties to oversee the audit and the selection of the independent accountant. However, the foundation's financial statements are reviewed by the entire board of trustees either at a formal board meeting, or by means of an "actions without a meeting." an officer of the foundation, either the treasurer, or assistant treasurer presents the audited financial statements. Similarly, any discussion regarding the selection and retention of the independent accountant is done at the board level. These processes remain unchanged from the prior year.

Financial Statement Notes

PART X, LINE 2:

Income taxes - the foundation is recognized as exempt from income tax under section 501(c)(3) of the internal revenue code, and therefore, has made no provision for federal, state, or local income tax in the accompanying financial statements. The foundation has adopted the provisions of the financial accounting standards board (fasb) accounting standards board (asc) relating to uncertain tax positions. Management has reviewed its current and past income tax positions and has determined, based on clear and unambiguous tax law and regulations, that the tax positions taken are certain and that there is no likelihood that a material tax assessment would be made if the respective government agency examined tax returns subject to audit. Accordingly, no provision for the effects of uncertain tax positions has been recorded.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Investment management fees -5,855.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Book/tax difference on pass-through investments -6,302.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Prior year grants rescinded -50,000.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Investment management fees 5,855.

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IRS990/MissionDesc0THE SIEMER INSTITUTE WILL ENHANCE EDUCATIONAL OPPORTUNITIES FOR SCHOOL-AGED CHILDREN BY PREVENTING FAMILY HOMELESSNESS AND REDUCING SCHOOL INSTABILITY.
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IRS990/PrincipalOfficerNm0SCOTT HEITKAMP
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0THE COLUMBUS FOUNDATION
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INCOME TAXES - THE FOUNDATION IS RECOGNIZED AS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND THEREFORE, HAS MADE NO PROVISION FOR FEDERAL, STATE, OR LOCAL INCOME TAX IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION HAS ADOPTED THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS BOARD (ASC) RELATING TO UNCERTAIN TAX POSITIONS. MANAGEMENT HAS REVIEWED ITS CURRENT AND PAST INCOME TAX POSITIONS AND HAS DETERMINED, BASED ON CLEAR AND UNAMBIGUOUS TAX LAW AND REGULATIONS, THAT THE TAX POSITIONS TAKEN ARE CERTAIN AND THAT THERE IS NO LIKELIHOOD THAT A MATERIAL TAX ASSESSMENT WOULD BE MADE IF THE RESPECTIVE GOVERNMENT AGENCY EXAMINED TAX RETURNS SUBJECT TO AUDIT. ACCORDINGLY, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INVESTMENT MANAGEMENT FEES -5,855.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2BOOK/TAX DIFFERENCE ON PASS-THROUGH INVESTMENTS -6,302.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3PRIOR YEAR GRANTS RESCINDED -50,000.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4INVESTMENT MANAGEMENT FEES 5,855.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 4B - OTHER ADJUSTMENTS:
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