Bowling Green Community Development Foundation FY2020 filing

Not tax-deductible

Bowling Green, OH501(c)(6)EIN 34-1585365Revenue $316K in FY2020

On file with the IRSbowlinggreen-oh.com217 S Church St, 43402-2816 · Bowling Green, OHTax-exempt since Dec 1991

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Promote the economic welfare of the Bowling Green, OH Community.

65¢ of each $1 spent went to programs.
$116K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $379K a year · 65% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$116K
to officers and key staff · 49% of spending
Concern: pay to officers and key staff is 49% of spending; over 30%.
Pt VII · Sec A
Cash reserves
50 mo
of spending, in cash
Looks good: 50.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1K
0.07% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
60
of 60 voting members
Looks good: 60 of 60 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$316K
Spent
$235K
To programs
65%
Net assets
$1.7M
By yearFY2020–FY2024
Revenue
$316K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$316K
FY2021$318K
FY2022$407K
FY2023$171K
FY2024$1.7M
Expenses
$235K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$235K
FY2021$246K
FY2022$250K
FY2023$113K
FY2024$177K
Net assets
$1.7M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2021$1.8M
FY2022$2.0M
FY2023$2.0M
FY2024$3.6M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1991.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $154K Management & general 35% · $81K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990; $116K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$59,700Pt VII · Sec A
Executive Director
$55,984Pt VII · Sec A
2nd Vice President
$0Pt VII · Sec A
Sec./ Treasurer
$0Pt VII · Sec A
Industrial Rep. at Large
$0Pt VII · Sec A
Board Rep. at Large
$0Pt VII · Sec A
Industrial Rep. at Large
$0Pt VII · Sec A
Industrial Rep. at Large
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Kati M Thompson$13,692$90,846——
Kati Thompson——$77,500$59,700
Suzanne C Clark———$55,984

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Boosts the Bowling Green, OH community's economic well-being through various initiatives.

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Provided by the organization

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3 programs · $154K · in their own filed words · FY2020
01

Attract new businesses and retain or expand existing businesses by facilitating negotiations for tax incentives, improvements allowances and locating suitable business locations.

$116Kprogram expense
02

Diversify the economy of the Bowling Green, OH area by setting aside land in a business park to attract the construction of new facilities in the Bowling Green area.

$28Kprogram expense
03

Administer the discretionary assistance fund, revolving loan fund and energy efficiency revolving loan fund. These funds are available to new and existing businesses that meet the criteria set up for each of the financial assistance programs.

$10Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 11 grants · $136K · 2020–2024
A-Gas US INCFY2022$14,622
Nwo Partnership LLCFY2022$14,340
Edward P Tyrell INCFY2022$967
A-Gas US INCFY2021$40,696
Binkleman CorpFY2021$22,500
Fairwood Place LLCFY2021$1,931
Premier VisionFY2021$1,294
Wood County InsuranceFY2021$1,260
Cutting Edge Glass SolutionsFY2021$427
Centaur Tool & DieFY2020$10,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$316K
Ln 12
Gifts and grantsLn 1h$250K
Fees for servicesLn 2g$55K
Other incomeLn 4–11$11K
Money outPt IX
$235K
Ln 25
Programscol B$154K
Managementcol C$81K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$987K
Total assetsLn 16$1.7M
LiabilitiesLn 26$1K
PeoplePt VI, VII
14
listed · VII A
PaidVII A2
Voting boardVI 1a60
IndependentVI 1b60
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$250K
Government grantsLn 1e$199K
Fees for servicesLn 2g$55K
Investment incomeLn 3$988
Other incomeLn 4–11$11K
Total revenueLn 12$316K
Assets in detailPt X, end of year
CashLn 1$201K
SavingsLn 2$786K
Cash and savings togetherLn 1–2$987K
Land, buildings, equipmentLn 10c$674K
Total assetsLn 16$1.7M
LiabilitiesLn 26$1K
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 53
VolunteersI 660
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$908K$987K
Land, buildings, equipmentLn 10c$674K$674K
Total assetsLn 16$1.7M$1.7M
LiabilitiesLn 26$4K$1K
Net assetsLn 32$1.7M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10K$10K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$116K$81K$35K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$18K$18K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$4K$3K$1K
Payroll taxesLn 10$9K$6K$3K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$3K$3K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$12K$12K
Office expensesLn 13$3K$673$2K
Information technologyLn 14$8K$4K$4K
RoyaltiesLn 15$0
OccupancyLn 16$11K$3K$8K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$2K$1K$648
InterestLn 20$40$40
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$2K$420$1K
Other expenses (24a–d)Ln 24$37K$32K$6K
All other expensesLn 24e$0
Total functional expensesLn 25$235K$154K$81K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.7M$177K$1.5M$3.6M 990 PDF
FY2023 $171K$113K$58K$2.0M 990 PDF
FY2022 $407K$250K$157K$2.0M 990 PDF
FY2021 $318K$246K$71K$1.8M 990 PDF
FY2020 Viewing $316K$235K$81K$1.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $316,286 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $205,775$250,163
I-9 Program service revenuePrior year $68,807$54,514
I-10 Investment incomePrior year $38,585$988
I-11 Other revenuePrior year $10,498$10,621
I-12 Total revenuePrior year $323,665$316,286
I-13 Grants and similar amounts paidPrior year $23,240$10,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $111,383$146,467
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $105,237$78,469
I-18 Total expensesPrior year $239,860$234,936
I-19 Revenue less expensesPrior year $83,805$81,350
Part VI · Governance 60 of 60 board members independent, 3 to look at
VI-1a Voting members of the governing body60
VI-1b Independent voting members60
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $316,286 across 8 lines filed
VIII-1b Membership dues$51,563
VIII-1e Government grants$198,600
VIII-1h Total contributions, gifts and grants$250,163
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $54,514$54,514
VIII-3 Investment incomeRelated to mission $988$988
VIII-6 Net rental income or lossExcluded from tax $6,624$6,624
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,997$3,997
VIII-12 Total revenueRelated to mission $59,499 · Excluded from tax $6,624$316,286
Part IX · Statement of functional expenses $234,936 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $10,000$10,000
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $80,979 · Management $34,705$115,684
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $18,203$18,203
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $2,689 · Management $1,152$3,841
IX-10 Payroll taxesPrograms $6,194 · Management $2,545$8,739
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $3,346$3,346
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $12,453$12,453
IX-13 Office expensesPrograms $673 · Management $2,018$2,691
IX-14 Information technologyPrograms $3,951 · Management $3,951$7,902
IX-15 Royalties$0
IX-16 OccupancyPrograms $3,410 · Management $7,956$11,366
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $1,147 · Management $648$1,795
IX-20 InterestManagement $40$40
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $420 · Management $1,262$1,682
IX-24 Other expenses (24a–d)Programs $31,677 · Management $5,517$37,194
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $153,593 · Management $81,343$234,936
Part X · Balance sheet $1,713,763 assets, 8 lines filed
Asset lines not itemized here account for $52,751; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $144,751$200,580
X-2 Savings and temporary cash investmentsStart of year $763,055$786,195
X-10c Land, buildings and equipment, netStart of year $674,237$674,237
X-16 Total assetsStart of year $1,679,308$1,713,763
X-17 Accounts payable and accrued expensesStart of year $3,547$1,167
X-26 Total liabilitiesStart of year $3,547$1,167
X-32 Total net assets or fund balancesStart of year $1,675,761$1,712,596
X-33 Total liabilities and net assetsStart of year $1,679,308$1,713,763
Part XI · Reconciliation of net assets $1,712,596 net assets at year end
XI-1 Total revenue$316,286
XI-2 Total expenses$234,936
XI-3 Revenue less expenses$81,350
XI-4 Net assets at start of year$1,675,761
XI-5 Net unrealized gains (losses) on investments−$44,515
XI-10 Net assets at end of year$1,712,596

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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