Civic Intelligence

Ohio Iota Foundation

EIN 88-0620041 • 501(c)3 • Fairlawn, OH

Profile

The general purpose for which this corporation is being formed and organized is exclusively for charitable and educational purposes within the meaning of section 501(c) of the internal revenue code of 1986 (or the corresponding provisions of any future united states internal revenue law). This purpose may be accomplished: by fundraising and providing scholarships and other financial assistance to worthy or needy students to encourage them in their educational pursuits or to enable them to attend the university of akron; and by such other means and methods as the directors of this corporation may from time to time determine to be appropriate for the accomplishment of the specific purpose for which the corporation is formed, and which are not contrary to the other terms and provisions hereof.

600 S Cleveland Massillon RdFairlawn, OH 44333
Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

96th percentile

81%

Higher net margin than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

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 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Balance Sheet
Liabilities / Assets60th percentile

Assets

$2,561

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$2,561

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue62nd percentileNet Margin96th percentile

Revenue

$3,160

No earlier filing loaded for comparison.

Expenses

$599

No earlier filing loaded for comparison.

Net Income

$2,561

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$3.0K$2.0K$1.0K$0Assets 2022: $2,561Liabilities 2022: $0Net Assets 2022: $2,5612022

Highlighted filing

2022

Assets$2,561
Liabilities$0
Net Assets$2,561
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0K$3.0K$2.0K$1.0K$0Revenue 2022: $3,160Expenses 2022: $599Net Income 2022: $2,5612022

Highlighted filing

2022

Revenue$3,160
Expenses$599
Net Income$2,561
Open 2022 Filing

Filings

Most recent year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,561
Liabilities
$0
Net assets
$2,561
Revenue
$3,160
Expenses
$599
Net income
$2,561
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$2,561$0$2,561$3,160$599$2,561
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 23, 2023
Return Version
2022v4.1
Gross Receipts
$3,160
Mission and Program Overview

Mission

The general purpose for which this corporation is being formed and organized is exclusively for charitable and educational purposes within the meaning of section 501(c) of the internal revenue code of 1986 (or the corresponding provisions of any future united states internal revenue law). This purpose may be accomplished: by fundraising and providing scholarships and other financial assistance to worthy or needy students to encourage them in their educational pursuits or to enable them to attend the university of akron; and by such other means and methods as the directors of this corporation may from time to time determine to be appropriate for the accomplishment of the specific purpose for which the corporation is formed, and which are not contrary to the other terms and provisions hereof.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$2,561-
Total Assets$0$2,561▲ $2,561
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$2,561-
Total Net Assets Fund Balance$0$2,561▲ $2,561
Total Liabilities and Net Assets / Fund Balance$0$2,561▲ $2,561
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Colin M SimPresident/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$3,160
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$2,561
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$599
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$99--$99
Total Functional Expenses$599$0$0$599
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

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Ohio Iota Foundation
EIN
88-0620041
Phone
3306700600
Address
600 S CLEVELAND MASSILLON RD, FAIRLAWN, OH 44333

Signing Officer

Name
Colin M Sim
Title
President/treasurer
Phone
3306700600
Signed
2023-02-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Colin M Sim
Legal Domicile
Oh
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
SCHULTE & COMPANY CPA'S INC
Address
600 S CLEVELAND MASSILLON RD, FAIRLAWN, OH 44333-3022
Preparer
Schulte Company Cpas Inc
Phone
3306700600
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The general purpose for which this corporation is being formed and organized is exclusively for charitable and educational purposes within the meaning of section 501(c) of the internal revenue code of 1986 (or the corresponding provisions of any future united states internal revenue law). This purpose may be accomplished: by fundraising and providing scholarships and other financial assistance to worthy or needy students to encourage them in their educational pursuits or to enable them to attend the university of akron; and by such other means and methods as the directors of this corporation may from time to time determine to be appropriate for the accomplishment of the specific purpose for which the corporation is formed, and which are not contrary to the other terms and provisions hereof.”

Raw XML Appendix210 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/IndependentVotingMemberCnt03
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IRS990/IRPDocumentCnt00
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/TaxPeriodBeginDt02022-01-01
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)3 • <$500k nonprofits