Civic Intelligence

Home of the Rockets Inc

EIN 84-3316846 • 501(c)3 • Bay Village, OH

Profile

Raising money and other assistance for construction, renovation or other improvements for facilities in the bay village city school district.

160 Kensington CircleBay Village, OH 44140

www.homeoftherockets.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

10th percentile

-91%

Higher net margin than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

14th percentile

-62%

Faster revenue growth than 14% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $283,074 (-100%) from 2020

Liabilities

Flat

$0

Flat from 2020

Net Assets

Down

$0

Down $283,074 (-100%) from 2020

Operations
Liabilities / Revenue62nd percentileNet Margin10th percentile

Revenue

Down

$244,054

Down $399,321 (-62%) from 2020

Expenses

Up

$465,621

Up $105,320 (+29%) from 2020

Net Income

Down

-$221,567

Down $504,641 (-178%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth10th percentile

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

$300K$200K$100K$0Assets 2020: $283,074Liabilities 2020: $0Net Assets 2020: $283,0742020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0
Open 2021 Filing

Operations Trend

Revenue Growth14th percentile

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

$1.0M$500K$0-$500KRevenue 2020: $643,375Expenses 2020: $360,301Net Income 2020: $283,0742020Revenue 2021: $244,054Expenses 2021: $465,621Net Income 2021: -$221,5672021

Highlighted filing

2021

Revenue$244,054
Expenses$465,621
Net Income-$221,567
Open 2021 Filing

Filings

Most recent year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$244,054
Expenses
$465,621
Net income
-$221,567
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$2.44$4.66$2.22
2020Detailed filing. Detailed filing data is available for this year.$2.83$0.00$2.83$6.43$3.60$2.83
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Aug 5, 2021
Return Version
2020v4.0
Gross Receipts
$244,054
Mission and Program Overview

Mission

Raising money and other assistance for construction, renovation or other improvements for facilities in the bay village city school district.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$266,439--
Cash and Non-Interest-Bearing Accounts$16,635--
Total Assets$283,074$0▼ $283,074
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$283,074--
Total Net Assets Fund Balance$283,074$0▼ $283,074
Total Liabilities and Net Assets / Fund Balance$283,074$0▼ $283,074
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Jon RansomPresident
Anthony HibbsTrustee
David FlorezTrustee
David MayerTrustee
Jodie HausmannTrustee
Rusty NaughtonTrustee
Jason MartinOfficer
Matthew SpellmanSecretary
Robert ReedVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$243,965
Program Service Revenue
$0
Investment Income
$89
Other Revenue
$0
All Other Contributions
$243,965
Change in Net Assets
$-221,567
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$460,438
Other Expenses$5,183
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$460,438--$460,438
Fees for Services Other$2,411--$2,411
Fees for Services Accounting-$1,575-$1,575
Advertising$935--$935
Office Expenses$262--$262
Total Functional Expenses$464,046$1,575$0$465,621
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bay Village Board of EducationBay Village, OHGovFacility Improvement$460,438
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Internal review by the board of directors will be conducted.”

Form 990, Page 6, Part VI, Line 19

“All documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Home of the Rockets Inc
EIN
84-3316846
Phone
2165708365
Address
160 KENSINGTON CIRCLE, BAY VILLAGE, OH 44140

Signing Officer

Name
Jon Ransom
Title
President
Phone
2165708365
Signed
2021-08-05

Organization Details

Principal Officer
Jon Ransom
Formed
2019
Legal Domicile
Oh
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Furrer & Associates Inc
Address
28045 CLEMENS RD STE B, WESTLAKE, OH 44145-1139
Preparer
Peter a Schork Iv CPA
Phone
4408997116
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Transfer upon dissolution -61,507”

Raw XML Appendix320 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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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
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IRS990/FormationYr02019
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IRS990/GoverningBodyVotingMembersCnt04
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IRS990/GrantsToOrganizationsInd0true
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IRS990/MoreThan5000KToIndividualsInd0false
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/ReturnTs02021-11-02T10:21:40-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JON
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RANSOM
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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