2017-11-15T12:39:58-06:00 2016-12-31 340677006 Maloney Novotny LLC 1111 Superior Ave Suite 700 Cleveland OH 441142540 990 2016-01-01 341322781 COMMUNITY FOUNDATION OF LORAIN COUNTY (CFLC) COMM 4409847390 9080 LEAVITT ROAD ELYRIA OH 44035 BRIAN FREDERICK PRESIDENT/CEO 4409847390 2017-10-10 1 Christopher B Anderson P00226559 2163630100 209.116.109.2 2017-10-10 13:55:32 ED P 5F2AF344A2E5A5C612D5301F691F0834202DDEE3 F0962BFF9ACD815FD594AA84AFE8725155222DCF 2016 2021-01-29 14:40:06Z BRIAN FREDERICK 9080 LEAVITT ROAD ELYRIA OH 44035 26075667 0 X WWW.PEOPLEWHOCARE.ORG X 1980 OH TO MAKE LORAIN COUNTY A BETTER PLACE TO LIVE AND WORK. 20 20 15 120 -9055 -9055 11566642 3772203 0 0 3538892 6717703 173839 179114 15279373 10669020 7567379 5090958 0 0 818379 896440 0 0 392879 800387 714451 9186145 6701849 6093228 3967171 117888500 123270968 19065407 19909469 98823093 103361499 THE FOUNDATION AWARDS CHARITABLE GRANTS AND SCHOLARSHIPS FROM ENDOWMENT FUNDS ESTABLISHED BY INDIVIDUALS, FAMILIES, BUSINESSES, NONPROFIT ORGANIZATIONS AND SCHOOLS IN ORDER TO MAKE LORAIN COUNTY A BETTER PLACE TO LIVE AND WORK. 0 0 5232942 4621646 118532 FROM HOMELESS SHELTERS TO LEADERSHIP PROGRAMS, HISTORICAL PRESERVATION TO HEALTH CARE FOR THE UNINSURED, DISCRETIONARY GRANTS REPRESENT EVERY AREA OF CHARITABLE GIVING. IN 2016 THE COMMUNITY FOUNDATION AWARDED 82 COMPETITIVE GRANTS TO AREA NONPROFIT PROGRAMS. IN ADDITION, 220 GRANTS WERE DISTRIBUTED THROUGH OUR SCHOOL, AGENCY AND SPECIAL PROJECT FUNDS. 469312 469312 0 APPROXIMATELY 213 SCHOLARSHIPS FOR EDUCATION BEYOND HIGH SCHOOL WERE AWARDED TO STUDENTS AS DIVERSE AS THE DONORS WHO CREATED THE SCHOLARSHIP FUNDS. IN 2016, SCHOLARSHIPS WERE AWARDED FOR TECH PROGRAMS, CREATIVE WRITING, JOURNALISM, MEDICAL PROGRAMS, AND MANY OTHER ADVANCED LEARNING PURSUITS. 5702254 1 1 0 1 0 1 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 20 0 1 15 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 X 20 20 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA CO CT FL IL KS KY MD MA MI MN NJ NM NY NC OH PA SC TN VA WA X X HOLLY SPITZ 4409847390 9080 LEAVITT ROAD ELYRIA OH 44035 Charlita Anderson-White Board Member 2.00 X 0 0 0 Farnaz Ansari Berna Vice Chair 2.00 X X 0 0 0 Chris Bellamy Board Member 2.00 X 0 0 0 Susan Bowers Board Member 2.00 X 0 0 0 Reynaldo Carrion Board Member 2.00 X 0 0 0 Raymond Cushing Board Member 2.00 X 0 0 0 Kevin Donovan Secretary 2.00 X X 0 0 0 Sharon Furcron Board Member 2.00 X 0 0 0 Sadie Goble Board Member 2.00 X 0 0 0 Timothy Harris Chair 2.00 X X 0 0 0 Pierce Morgan Board Member 2.00 X 0 0 0 Kristen Putnam-Walkerly Board Member 2.00 X 0 0 0 Margarita Quinones Board Member 2.00 X 0 0 0 Libby Skolnik Board Member 2.00 X 0 0 0 Randall Wagner Board Member 2.00 X 0 0 0 Karen Wells Board Member 2.00 X 0 0 0 Eric Woidke Treasurer 2.00 X X 0 0 0 ALBERT CALO BOard Member 2.00 X 0 0 0 ED MOORE Board Member 2.00 X 0 0 0 CYNTHIA MCGUIRE Board Member 2.00 X 0 0 0 Brian Frederick President/CEO 50.00 X 169523 0 29744 Holly Spitz CFO 40.00 X 78750 0 2401 248273 0 32145 1 0 1 0 MORGAN STANLEY 159 CROCKER PARK BLVD WESTLAKE OH 44145 INVESTMENT ADVISOR 107460 1 3772203 70664 3772203 1577344 -9055 1586399 60582 0 60582 60582 60582 20547006 15406647 5140359 5140359 5140359 OTHER REVENUE 900099 118532 118532 118532 10669020 118532 -9055 6787340 4621646 4621646 469312 469312 253173 117920 71230 64023 487227 223240 129982 134005 26456 12190 7190 7076 76309 35162 20738 20409 53275 24548 14478 14249 37375 17222 10157 9996 13600 6267 3696 3637 36139 36139 245147 245147 68623 63714 2474 2435 72599 72599 28128 12961 7644 7523 3481 1604 946 931 108124 49821 29384 28919 35852 16520 9743 9589 32297 14882 8777 8638 6565 3025 1784 1756 MISCELLANEOUS 21065 9706 5724 5635 BOARD DEVELOPMENT 5456 2514 1483 1459 6701849 5702254 606716 392879 143946 82557 3516790 3306154 89261 93062 312669 356160 15258 26573 2608830 248909 2363027 2359921 64518746 67608491 46779375 49215582 61300 100000 88128 122468 117888500 123270968 11738 25490 959424 1182461 0 15348 18094245 18686170 19065407 19909469 X 96769452 101288013 2053641 2073486 98823093 103361499 117888500 123270968 3967171 571235 0 X 0 1 X 1 0 X 4372599 14140088 4999254 11566642 3772203 38850786 4372599 14140088 4999254 11566642 3772203 38850786 12202873 26647913 1389572 1669411 1779311 2283754 1637926 8759974 92390 90902 134724 173839 118532 610387 48221147 0.55260 0.80590 X Schedule A, Part II, Line 10, Explanation of Other Income: OTHER REVENUE - 2012 Amount: $ 92,390. 2013 Amount: $ 90,902. 2014 Amount: $ 134,724. 2015 Amount: $ 173,839. 2016 Amount: $ 118,532. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30534 5605 36139 5666115 5702254 435113 108778 0 0 435113 435113 652670 36139 36139 108778 108778 163167 30534 30534 74 529697 1163155 28032954 1 1 1539000 238250 1777250 628448 99085 529363 203132 149824 53308 2359921 95554 F FIXED INCOME 10647260 F ALTERNATIVE INVESTMENTS 2452623 F NET ASSET VALUE INVESTMENTS 36020145 F 49215582 SPLIT INTEREST AGREEMENT 46263 AGENCY FUNDED ENDOWMENT 18639907 18686170 X Part X, Line 2: FIN 48 (ASC 740) FOOTNOTE - THE FOUNDATION ADOPTED THE PROVISIONS OF "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" WHICH PRESCRIBES A RECOGNITION THRESHOLD AND A MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FOR THOSE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE AMOUNT RECOGNIZED IS MEASURED AS THE AMOUNT OF BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE FOUNDATION RECOGNIZES INTEREST AND PENALTIES ACCRUED RELATED TO UNRECOGNIZED TAX UNCERTAINTIES IN INCOME TAX EXPENSE, IF ANY. THE FOUNDATION DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. 1 GRANTS - SEE ATTACHED SCHEDULE 4621646 0 SEE ATTACHED 111 0 SCHOLARSHIPS 213 469312 0 Part I, Line 2: MONITORING USE OF GRANT FUNDS - THE FOUNDATION REQUIRES AN INTERIM GRANT REPORT APPROXIMATELY SIX MONTHS FOLLOWING A GRANT AWARD AND A FINAL GRANT REPORT APPROXIMATELY ONE YEAR AFTER AN AWARD. SPECIFIC CRITERIA REGARDING THE GRANT REPORT CONTENTS ARE PROVIDED TO THE GRANTEE. ADDITIONALLY, THE PROGRAM OFFICER WILL MAKE BOTH SCHEDULED AND PERIODIC UNANNOUNCED SITE VISITS TO ASSESS THE VIABILITY AND EFFECTIVENESS OF THE GRANTEE'S PROGRAM. X X X X 0 0 0 0 0 0 0 0 0 Brian Frederick President/CEO 169523 0 0 0 0 0 6944 0 22800 0 199267 0 0 0 X 1 0 N/A-REV.NOT BOOKED X 7 70664 FMV 0 1 0 Form 990, Part VI, Section A, line 4 CHANGES TO ORGANIZING DOCUMENTS - THE FOUNDATION ADOPTED ITS SIXTH AMENDED AND RESTATED REGULATIONS IN OCTOBER, 2016. AMONG THE CHANGES WERE THE APPOINTMENT OF FOUR EX-OFFICIO VOTING DIRECTORS REPRESENTING THE FOLLOWING ADVISORY BOARDS: AFRICAN-AMERICAN COMMUNITY FUND, HISPANIC FUND, WOMEN'S FUND, AND YOUTH FUND. SUCH EX-OFFICIO VOTING DIRECTOR POSITIONS ARE RESERVED FOR THE PRESIDENT OF EACH RESPECTIVE FUND OF THE FOUNDATION. Form 990, Part VI, Section B, line 11b REVIEW OF FORM 990 - THE FORM 990 IS PREPARED BY AN OUTSIDE PUBLIC ACCOUNTING FIRM AND REVIEWED BY THE CHIEF FINANCIAL OFFICER. THE FORM 990 IS THEN REVIEWED BY THE AUDIT COMMITTEE PRIOR TO FILING. ONCE APPROVED BY THE AUDIT COMMITTEE, A COPY OF THE FORM 990 IS DISTRIBUTED TO THE BOARD PRIOR TO FILING. Form 990, Part VI, Section B, line 12c MONITORING AND ENFORCEMENT OF CONFLICT POLICY - DIRECTORS, OFFICERS, AND EMPLOYEES ARE REQUIRED TO DISCLOSE IN WRITING (AND HAVE NOTARIZED) ALL POTENTIAL CONFLICTS OF INTEREST. THIS INFORMATION IS COMPILED AND PROVIDED TO THE BOARD. AT EACH BOARD AND COMMITTEE MEETING, THE FIRST ORDER OF BUSINESS ON EACH AGENDA IS TO ASK FOR ANY NEW UPDATES ON CONFLICTS. ALL KNOWN CONFLICTS OF INTEREST ARE NOTED ON EACH RESOLUTION PRIOR TO APPROVAL BY THE BOARD. IF A DIRECTOR HAS A CONFLICT, HE/SHE IS ALLOWED TO PARTICIPATE IN THE DISCUSSION OF THE ISSUE BUT MUST ABSTAIN FROM ANY VOTE OR ACTION, AND SUCH ABSTENTION IS SO NOTED IN THE MINUTES (A NOTED CONFLICT ON A RESOLUTION IS AN UNDERSTOOD ABSTENTION). Form 990, Part VI, Section B, line 15 COMPENSATION REVIEW AND APPROVAL - THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS CEO COMPENSATION ANNUALLY. THE COMMITTEE USES A COMPENSATION STUDY THAT IS COMPILED ANNUALLY BY THE COUNCIL ON FOUNDATIONS AND LOCAL/REGIONAL DATA ON CEO COMPENSATION THAT IS COMPILED BY THE CFO. AFTER REVIEWING THIS DATA, THE EXECUTIVE COMMITTEE DETERMINES AN APPROPRIATE COMPENSATION AMOUNT AND MAKES THIS RECOMMENDATION TO THE FULL BOARD. THE BOARD TAKES THIS RECOMMENDATION INTO ACCOUNT AND APPROVES AND/OR MODIFIES THE AMOUNT BASED ON ITS ANNUAL REVIEW OF THE CEO'S PERFORMANCE. ALL OTHER STAFF COMPENSATION IS REVIEWED BY THE CEO (USING THE SAME COMPENSATION SURVEY) AND REVIEWED BY THE EXECUTIVE COMMITTEE DURING THE ANNUAL BUDGET PROCESS. THE MEMBERS OF THE EXECUTIVE COMMITTEE AND THE BOARD ARE INDEPENDENT OF THE PERSONS FOR WHOM THE COMPENSATION DECISIONS ARE BEING MADE. THE DELIBERATIONS OF THE EXECUTIVE COMMITTEE AND THE FULL BOARD ARE DOCUMENTED IN THE FOUNDATION'S MINUTES. Form 990, Part VI, Section C, line 19 AVAILABILITY OF DOCUMENTS - CURRENT FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC ON THE FOUNDATION'S WEBSITE AND TO ANYONE WHO MAY REQUEST A COPY. THE FOUNDATION'S CURRENT GOVERNING DOCUMENTS AND CURRENT CONFLICT OF INTEREST POLICY ARE AND HAVE BEEN MADE AVAILABLE UPON REQUEST TO ANYONE. CHARITABLE PROPERTIES OF LORAIN CO LLC 9080 LEAVITT ROAD ELYRIA OH 44035 461861149 REAL ESTATE OH 0 118160 CFLC FOREVER FARMLAND OF LORAIN COUNTY 9080 LEAVITT ROAD ELYRIA OH 44035 471656102 REAL ESTATE OH 60582 1576232 CFLC FOREVER FARMLAND OF HURON CO 9080 LEAVITT ROAD ELYRIA OH 44035 471676337 REAL ESTATE OH 0 3442 CFLC