Civic Intelligence

The Foundation Fund

990 • Fiscal year 2023 • EIN 87-4457570

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 11, 2024

2 Easton Oval Ste 510Columbus, OH 43219

(312) 371-0844

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

95th percentile

69%

Higher net margin than 95% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$69,565

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

95th percentile

115%

Faster asset growth than 95% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

78th percentile

37%

Faster revenue growth than 78% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$3,987,530

Up $2,135,671 (+115%) from 2022

Net Assets

Up

$3,987,530

Up $2,273,171 (+133%) from 2022

Liabilities

Down

$0

Down $137,500 (-100%) from 2022

Revenue

Up

$3,288,266

Up $885,590 (+37%) from 2022

Expenses

Up

$1,015,095

Up $326,778 (+47%) from 2022

Net Income

Up

$2,273,171

Up $558,812 (+33%) from 2022

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 2022: $1,851,859Liabilities 2022: $137,500Net Assets 2022: $1,714,3592022Assets 2023: $3,987,530Liabilities 2023: $0Net Assets 2023: $3,987,5302023Assets 2024: $4,373,352Liabilities 2024: $0Net Assets 2024: $4,373,3522024

Highlighted filing

2023

Assets$3,987,530
Liabilities$0
Net Assets$3,987,530

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0Revenue 2022: $2,402,676Expenses 2022: $688,317Net Income 2022: $1,714,3592022Revenue 2023: $3,288,266Expenses 2023: $1,015,095Net Income 2023: $2,273,1712023Revenue 2024: $6,741,501Expenses 2024: $6,355,679Net Income 2024: $385,8222024

Highlighted filing

2023

Revenue$3,288,266
Expenses$1,015,095
Net Income$2,273,171
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 11, 2024
Return Version
2023v5.0
Gross Receipts
$3,288,266
Mission and Program Overview

Mission

THE Foundation exists to help community charities. We do this by raising their profile and awareness to help them forge even stronger community partnerships and ultimately raising revenue. Our primary activities include providing brand ambassadors at no cost to the nonprofits. We provide access to Ohio State football and basketball players as brand ambassadors, setting up events that allow the nonprofits to tell their story and reach more people. Additionally, we provide our brand ambassadors to connect with the charities' constituents, helping them increase their profile and providing value to the charities at no cost. Additionally, we seek to forge long-term partnerships with the charities and brand ambassadors.

THE Foundation was built to help local charities by partnering with our brand ambassadors and leveraging their name, image, and likeness to help promote their mission.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,714,359$3,987,530▲ $2,273,171
Pledges and Grants Receivable$1,437,500$3,250,000▲ $1,812,500
Cash and Non-Interest-Bearing Accounts$414,359$737,530▲ $323,171
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,851,859$3,987,530▲ $2,135,671
Liabilities
Accounts Payable and Accrued Expenses$137,500$0▼ $137,500
Total Liabilities$137,500$0▼ $137,500
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,714,359$3,987,530▲ $2,273,171
Total Liabilities and Net Assets / Fund Balance$1,851,859$3,987,530▲ $2,135,671
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cardale JonesVice ChairmanPT$69,565$69,565

Board Members and Trustees

NameTitle
Brian SchottensteinChairman
Michael GogisTreasurer and Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,280,587
Program Service Revenue
$0
Investment Income
$7,679
Other Revenue
$0
All Other Contributions
$3,214,536
Change in Net Assets
$2,273,171
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$945,439
Total Fundraising Expense$252,864
Salaries, Compensation, and Employee Benefits$69,656
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$618,862-$127,726$746,588
All Other Expenses$65,983-$61,231$127,214
Current Officers, Directors, Trustees, and Key Employees$52,242$17,414$0$69,656
Advertising--$63,907$63,907
Office Expenses-$7,730-$7,730
Total Functional Expenses$737,087$25,144$252,864$1,015,095
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
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

All board members are asked to review and follow up with questions. Additionally, an independent external CPA firm was engaged to review the 990.

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

Annual conflict of interest form is distributed, collected, and reviewed, requiring disclosure of any potential conflicts of interest. Additionally, all significant transactions are accompanied by a verbal and email follow up ensuring no conflicts of interest are present.

Form 990, Part VI, Section B, Line 15

Compensation paid to the one board member who served as General Manager of THE Foundation was approved in a meeting of the Finance Committee of the Board and excluded the involvement of the Board Member who received compensation. External data sources were reviewed and it was determined that the amount of compensation was appropriate and below market rate compensation for similar positions in similar sized organizations.

Form 990, Part VI, Section C, Line 19

We have an informational email on our website that allows anyone to email and request information. When someone emails, the request is forwarded on to the Treasurer who fulfills each request via email in a timely manner.

Filing and Contact Details

Filer

Filer Name
The Foundation Fund
EIN
87-4457570
Phone
3123710844
Address
2 EASTON OVAL STE 510, COLUMBUS, OH 43219

Signing Officer

Name
Michael Gogis
Title
Treasurer
Phone
3123710844
Signed
2024-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Schottenstein
Formed
2022
Legal Domicile
Oh
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
101

Preparer

Firm
Impact Quotient
Address
1475 W Oak St Unit 614, Zionsville, IN 46077
Preparer
Michael Gogis
Phone
3123710844
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Brand Ambassadors were paid for services in furtherance of our exempt purpose. These services included appearance fees, speaking fees, promotion of nonprofit partner fees as well as engaging with our nonprofit partners. All of the program service accomplishments as described in Part III were accomplished by these Brand Ambassadors. In addition, the Brand Ambassadors indirectly help raise funds for us, so we allocated a percentage of their costs to fundraising. All contracts were based on fair market value of individual Brand Ambassadors.

Form 990, Part IX, Line 24E

Programming and production expenses to faciliate program activities and raise awareness of our organization.

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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/Desc0We provided brand ambassadors to raise awareness, increase the profile, and help raise resources for the following community nonprofit partners: LifeTown, Buckeye Cruise for Cancer, A Kid Again, After-School All-Stars, Boys and Girls Club, Big Brothers Big Sisters, USO, Nationwide Children's Hospital, and the Columbus Urban League. We had over fifty student-athlete brand ambassadors serving multiple charity partners. Our premiere event was our Summer Gala in August. We partnered with Buckeye Cruise for Cancer to help raise awareness for the James Cancer Hospital. The brand ambassadors spent quality time, signing autographs, throwing the football, and having conversations about leadership. We also had many appearances at Lifetown where our brand ambassadors worked with the kids who would go there to learn life skills. Many of these kids come from under-resourced backgrounds and some are mentally handicapped. Our brand ambassadors volunteered in each simulated store such as a bank, art store, movie theatre, pet shop, doctor's office, and salon. They taught the kids how to budget money, talk to a doctor, and use art in therapeutic ways. The kids love having the brand ambassadors around and they visit multiple times a year. Our Co-founder Cardale Jones had a charity softball game raising money for Ohio State's The James Cancer Center. Our brand ambassadors attended the game, signed autographs, and interacted with cancer patients. It was a meaningful experience for everyone who attended. We have also had the Boys and Grisl Club and USO visit our brand ambassadors during practice. We had a football free kids football camp as well hosted by THE Foundation and our brand ambassadors played football with kids who are underprivileged. Many of our brand ambassadors visit the Nationwide Children's hospital on a frequent basis and they worked with the kids during The Memorial Golf Tournament at a golf clinic with Jack Nicklaus. We also hosted a Summer Big Brothers Big Sisters basketball shootout with our brand ambassadors. During Christmas, we had a gift-wrapping and delivery project by our brand ambassadors to kids who are terminally ill through the A Kid Again charity partner. This was a great way for our brand ambassadors to get out in the community and put a smile on many kids' faces. Our programs have already helped so many kids who, despite their struggles, look up to our brand ambassadors and we give them the opportunity to be together. Our brand ambassadors also love this experience as well. In addition to serving the nonprofit partners, we teach our brand ambassadors business and life skills including branding, marketing, accounting, contracts, taxes, and the importance of giving back to their community. Our ultimate mission is to forge life-long relationships between our brand ambassadors and our charity partners creating a lifetime of impact.
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IRS990/MissionDesc0THE Foundation exists to help community charities. We do this by raising their profile and awareness to help them forge even stronger community partnerships and ultimately raising revenue. Our primary activities include providing brand ambassadors at no cost to the nonprofits. We provide access to Ohio State football and basketball players as brand ambassadors, setting up events that allow the nonprofits to tell their story and reach more people. Additionally, we provide our brand ambassadors to connect with the charities' constituents, helping them increase their profile and providing value to the charities at no cost. Additionally, we seek to forge long-term partnerships with the charities and brand ambassadors. In 2024, we partnered with an LLC to handle any business deals that were not within our exempt purpose to continue to ensure all activites through THE Foundation are according to our exempt purpose.
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/Total509Grp/TotalAmt06120763
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt03718087
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02402676
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06120763
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0All board members are asked to review and follow up with questions. Additionally, an independent external CPA firm was engaged to review the 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Annual conflict of interest form is distributed, collected, and reviewed, requiring disclosure of any potential conflicts of interest. Additionally, all significant transactions are accompanied by a verbal and email follow up ensuring no conflicts of interest are present.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation paid to the one board member who served as General Manager of THE Foundation was approved in a meeting of the Finance Committee of the Board and excluded the involvement of the Board Member who received compensation. External data sources were reviewed and it was determined that the amount of compensation was appropriate and below market rate compensation for similar positions in similar sized organizations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3We have an informational email on our website that allows anyone to email and request information. When someone emails, the request is forwarded on to the Treasurer who fulfills each request via email in a timely manner.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Brand Ambassadors were paid for services in furtherance of our exempt purpose. These services included appearance fees, speaking fees, promotion of nonprofit partner fees as well as engaging with our nonprofit partners. All of the program service accomplishments as described in Part III were accomplished by these Brand Ambassadors. In addition, the Brand Ambassadors indirectly help raise funds for us, so we allocated a percentage of their costs to fundraising. All contracts were based on fair market value of individual Brand Ambassadors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Programming and production expenses to faciliate program activities and raise awareness of our organization.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt03987530
IRS990/TotalAssetsGrp/BOYAmt01851859
IRS990/TotalAssetsGrp/EOYAmt03987530
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03280587
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0252864
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025144
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0737087
IRS990/TotalFunctionalExpensesGrp/TotalAmt01015095
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0137500
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt0137500
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01714359
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03987530
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0737087
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt069565
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07679
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03288266
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0101
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01851859
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03987530
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02 EASTON OVAL
IRS990/USAddress/AddressLine2Txt0SUITE 510
IRS990/USAddress/CityNm0COLUMBUS
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd043219
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.thefoundationohio.com
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Michael Gogis
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum03123710844
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE FOUNDATION FUND
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0874457570
ReturnHeader/Filer/PhoneNum03123710844
ReturnHeader/Filer/USAddress/AddressLine1Txt02 EASTON OVAL STE 510
ReturnHeader/Filer/USAddress/CityNm0COLUMBUS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd043219
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Impact Quotient
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01475 W Oak St Unit 614
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Zionsville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046077
ReturnHeader/PreparerPersonGrp/PhoneNum03123710844
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael Gogis
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-11-14T14:46:17-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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