Bowling Green Community Development Foundation FY2022 filing

Not tax-deductible

Bowling Green, OH501(c)(6)EIN 34-1585365Revenue $407K in FY2022

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.

100¢ of each $1 spent went to programs.
$91K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$91K
to officers and key staff · 36% of spending
Concern: pay to officers and key staff is 36% of spending; over 30%.
Pt VII · Sec A
Cash reserves
62 mo
of spending, in cash
Looks good: 62.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$58K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
54
of 54 voting members
Looks good: 54 of 54 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$407K
+28% vs prior year
Spent
$250K
To programs
100%
Net assets
$2.0M
By yearFY2020–FY2024
Revenue
$407K
FY2022▲ +28%
Tap a bar for its year
Revenue by fiscal year
FY2020$316K
FY2021$318K
FY2022$407K
FY2023$171K
FY2024$1.7M
Expenses
$250K
FY2022▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$235K
FY2021$246K
FY2022$250K
FY2023$113K
FY2024$177K
Net assets
$2.0M
FY2022▲ +9%
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 FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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

100 cents of each dollar spent went to programs.

Program services 100% · $250K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $91K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$90,846Pt VII · Sec A
City Rep
$0Pt VII · Sec A
Board Rep at Large
$0Pt VII · Sec A
Board Rep at Large
$0Pt VII · Sec A
Board Rep at Large
$0Pt VII · Sec A
Industrial Rep at Large
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Sectreasurer
$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

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 · $250K · in their own filed words · FY2022
01

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

$169Kprogram expense
02

Diversify the economy of the bowling green, ohio area by setting aside land in a business park to attract the construction of new facilities in the bowling green area.

$51Kprogram 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.

$30Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$407K
Ln 12
Gifts and grantsLn 1h$255K
Investment incomeLn 3$113K
Fees for servicesLn 2g$28K
Money outPt IX
$250K
Ln 25
Programscol B$250K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$2.0M
LiabilitiesLn 26$58K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a54
IndependentVI 1b54
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$255K
Government grantsLn 1e$212K
Fees for servicesLn 2g$28K
Investment incomeLn 3$113K
Other incomeLn 4–11$11K
Gains on assetsLn 7$112K
Total revenueLn 12$407K
Assets in detailPt X, end of year
CashLn 1$540K
SavingsLn 2$761K
Cash and savings togetherLn 1–2$1.3M
Land, buildings, equipmentLn 10c$674K
Total assetsLn 16$2.0M
LiabilitiesLn 26$58K
Net assetsLn 32$2.0M
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 FY22End FY22
Cash and savingsLn 1–2$1.1M$1.3M
Land, buildings, equipmentLn 10c$674K$674K
Total assetsLn 16$1.8M$2.0M
LiabilitiesLn 26$2K$58K
Net assetsLn 32$1.8M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$30K$30K
Pay of current officers, directors and key staffLn 5$91K$91K
Other salaries and wagesLn 7$21K$21K
Payroll taxesLn 10$9K$9K
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$645$645
Information technologyLn 14$6K$6K
OccupancyLn 16$14K$14K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$11K$11K
InterestLn 20$119$119
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$56K$56K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$250K$250K$0$0

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 Viewing $407K$250K$157K$2.0M 990 PDF
FY2021 $318K$246K$71K$1.8M 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $406,946 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $256,488$254,732
I-9 Program service revenuePrior year $49,040$28,139
I-10 Investment incomePrior year $652$112,996
I-11 Other revenuePrior year $11,492$11,079
I-12 Total revenuePrior year $317,672$406,946
I-13 Grants and similar amounts paidPrior year $68,108$29,929
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $103,216$120,810
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $74,924$99,617
I-18 Total expensesPrior year $246,248$250,356
I-19 Revenue less expensesPrior year $71,424$156,590
Part VI · Governance 54 of 54 board members independent, 3 to look at
VI-1a Voting members of the governing body54
VI-1b Independent voting members54
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 $406,946 across 10 lines filed
VIII-1b Membership dues$40,500
VIII-1e Government grants$212,500
VIII-1f All other contributions, gifts and grants$1,732
VIII-1h Total contributions, gifts and grants$254,732
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $28,139$28,139
VIII-3 Investment incomeRelated to mission $1,267$1,267
VIII-6 Net rental income or lossRelated to mission $8,332$8,332
VIII-7 Net gain or loss on sales of assetsRelated to mission $111,729$111,729
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,747$2,747
VIII-12 Total revenueRelated to mission $152,214 · Unrelated business $0 · Excluded from tax $0$406,946
Part IX · Statement of functional expenses $250,356 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $29,929$29,929
IX-5 Pay of current officers, directors and key staffPrograms $90,846$90,846
IX-7 Other salaries and wagesPrograms $20,910$20,910
IX-10 Payroll taxesPrograms $9,054$9,054
IX-11c Accounting feesPrograms $2,000$2,000
IX-12 Advertising and promotionPrograms $1,314$1,314
IX-13 Office expensesPrograms $645$645
IX-14 Information technologyPrograms $5,658$5,658
IX-16 OccupancyPrograms $14,048$14,048
IX-17 TravelPrograms $2,457$2,457
IX-19 Conferences, conventions and meetingsPrograms $11,385$11,385
IX-20 InterestPrograms $119$119
IX-23 InsurancePrograms $2,655$2,655
IX-24 Other expenses (24a–d)Programs $56,493$56,493
IX-24e All other expensesPrograms $2,843$2,843
IX-25 Total functional expensesPrograms $250,356 · Management $0 · Fundraising $0$250,356
Part X · Balance sheet $2,048,966 assets, 8 lines filed
Asset lines not itemized here account for $73,609; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $493,495$540,063
X-2 Savings and temporary cash investmentsStart of year $594,454$761,057
X-10c Land, buildings and equipment, netStart of year $674,237$674,237
X-16 Total assetsStart of year $1,834,005$2,048,966
X-17 Accounts payable and accrued expensesStart of year $1,877$58,458
X-26 Total liabilitiesStart of year $1,877$58,458
X-32 Total net assets or fund balancesStart of year $1,832,128$1,990,508
X-33 Total liabilities and net assetsStart of year $1,834,005$2,048,966
Part XI · Reconciliation of net assets $1,990,508 net assets at year end
XI-1 Total revenue$406,946
XI-2 Total expenses$250,356
XI-3 Revenue less expenses$156,590
XI-4 Net assets at start of year$1,832,128
XI-5 Net unrealized gains (losses) on investments$1,790
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,990,508

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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