2017-11-07T17:09:10-06:00 2016-12-31 363168081 SIKICH LLP 274 WHITE POND DRIVE AKRON OH 443201118 990 2016-01-01 341846432 THE BARBERTON COMMUNITY FOUNDATION BARB 3307455995 460 W PAIGE AVE BARBERTON OH 44203 JAMES STONKUS PRESIDENT & CEO 3307455995 2017-11-07 1 JILL BOYLE P01246734 3308646661 2017-11-07 104.129.153.194 2017-11-07 09:17:43 ES P EF48602E6E578A5DBC1782E1C64E879DCBD14F1F 1CD13EEF61DD9EA0056B434032E1812B3A096C67 2016 2021-01-29 14:40:06Z JAMES STONKUS 460 W PAIGE AVE BARBERTON OH 44203 38214780 0 X BARBERTONCF.ORG X 1996 OH TO STRENGTHEN THE BARBERTON COMMUNITY FOR CURRENT AND FUTURE GENERATIONS. 15 10 5 11 87060 29709 221097 266524 114989 111312 3283107 -2320798 -48741 315619 3570452 -1627343 3134542 2967147 0 0 425198 444847 0 0 0 487252 449979 4046992 3861973 -476540 -5489316 75592031 76641543 4167001 2810836 71425030 73830707 THE MISSION OF THE BARBERTON COMMUNITY FOUNDATION IS TO STRENGTHEN THE BARBERTON COMMUNITY FOR CURRENT AND FUTURE GENERATIONS BY PROVIDING LEADERSHIP, FOSTERING COLLABORATION, AND CREATING A LEGACY OF GIVING TO DO GOOD. 0 0 3552569 2967147 239629 GRANTS AND SCHOLARSHIPS - PROVIDED 49 GRANTS FROM THE GENERAL FUND TOTALING $2,587,907 TO 20 ORGANIZATIONS AND PROVIDED 156 GENERAL FUND SCHOLARSHIPS TOTALING $229,081 DURING 2016. TOTAL SCHOLARSHIP AWARDS FOR ALL FUNDS WERE $266,853 FOR A TOTAL OF 183 SCHOLARSHIPS AWARDED AND TOTAL GRANT AND FUND DISTRIBUTIONS WERE $2,700,294. 111312 PROGRAM-RELATED INVESTMENTS - INVESTMENTS PROVIDED TO LOCAL 501(C)(3) ECONOMIC DEVELOPMENT AND HOUSING SUPPORT ORGANIZATIONS. THE ULTIMATE GOAL IS TO SERVE AS A CATALYST FOR JOB GROWTH AND MAINTAIN HOUSING IN THE CITY OF BARBERTON THROUGH LOW-INTEREST LOANS TO LOCAL COMPANIES AND INDIVIDUALS AND THE DEVELOPMENT OF INDUSTRIAL AND COMMERCIAL-USE PROPERTY. NEW INVESTMENTS DISBURSED DURING 2016 TOTALED $186,400. 3552569 1 1 0 0 0 1 0 0 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 7 0 5 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 X 15 10 1 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X THE ORGANIZATION 3307455995 460 WEST PAIGE AVENUE BARBERTON OH 44203 MARY JO GOSS CHAIRMAN 3.00 X X 0 0 0 MICHAEL CHISNELL VICE CHAIR 2.00 X X 0 0 0 JENNIFER BIDLINGMYER TREASURER 3.00 X X 0 0 0 JOSH GORDON SECRETARY 2.00 X X 0 0 0 JIM BAUSCHLINGER DIRECTOR BEGINNING 8/2016 1.00 X 0 3946 552 EDNA BOYLE DIRECTOR 1.00 X 0 0 0 PATRICIA CLEARY DIRECTOR 1.00 X 0 133444 62112 TOM HARNDEN DIRECTOR 1.00 X 0 0 0 BRETT HAVERLICK DIRECTOR 1.00 X 0 0 0 MAYOR WILLIAM JUDGE DIRECTOR 1.00 X 0 82920 28063 STEPHEN KELLEHER DIRECTOR THROUGH 2/2016 1.00 X 0 0 0 TINA LINTON DIRECTOR 1.00 X 0 0 0 FRED MAURER DIRECTOR 1.00 X 0 15500 2170 BRUCE MAY DIRECTOR 1.00 X 0 0 0 JASON SLATER DIRECTOR BEGINNING 1/2016 1.00 X 0 0 0 MICHAEL VINAY DIRECTOR 1.00 X 0 73253 26710 RICHARD WILEY DIRECTOR THROUGH 1/2016 1.00 X 0 0 0 JIM STONKUS PRESIDENT & CEO 40.00 X 124848 0 16298 JANICE BRENNAN CFO 40.00 X 80765 0 9698 205613 309063 145603 1 0 1 0 0 11999 254525 26528 266524 PROGRAM INVESTMENTS 525990 111312 111312 111312 1811326 1811326 66 66 139474 134079 5395 5395 5395 35549721 39681845 -4132124 -4132124 -4132124 9668 11999 26199 -16531 -16531 GRANTS RETURNED 525990 239629 239629 PARTNERSHIP INCOME 900099 55109 55109 ADMINISTRATIVE FEE INCOME 561000 31951 31951 326689 -1627343 350941 87060 -2331868 2700294 2700294 266853 266853 231609 111826 119783 145941 99567 46374 11243 7545 3698 25540 15251 10289 30514 17247 13267 12063 5631 6432 21000 21000 147343 147343 35229 2193 33036 68288 38598 29690 11544 6525 5019 3165 1789 1376 39253 32326 6927 5416 5416 10778 6092 4686 44479 44479 10828 10828 9453 1298 8155 REPAIRS AND MAINTENANCE 39230 38035 1195 DUES AND SUBSCRIPTIONS 3427 1937 1490 MISCELLANEOUS 988 988 ALLOCATION OF FUNDRAISI -26199 -26199 13694 7740 5954 3861973 3552569 309404 0 362144 525080 475818 776539 32250 8651 21120 3404565 621830 3109615 2782735 58026185 57602723 9102651 11092329 4350870 3587002 156097 221765 75592031 76641543 19442 15916 1157112 328261 2750000 2200000 240447 266659 4167001 2810836 X -16401231 -12169293 1826261 0 86000000 86000000 71425030 73830707 75592031 76641543 X -5489316 7986859 -91866 X X 0 1 X 1 0 X X X 2 CITY OF BARBERTON 346000188 6 1 123421 0 THE BARBERTON CITY SCHOOL DISTRICT 346000187 6 1 2625707 0 2 2749128 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART IV, LINE 2 THE CITY OF BARBERTON, OHIO AND THE BARBERTON CITY SCHOOL DISTRICT ARE POLITICAL SUBDIVISIONS OF THE STATE OF OHIO AND THEREFORE ARE ORGANIZATIONS DESCRIBED IN IRC SECTION 509(A)(1) BECAUSE THEY ARE GOVERNMENTAL UNITS DESCRIBED IN IRC SECTION 170(B)(1)(A)(V). SCHEDULE A, SECTION A, LINE 6 ALL SUPPORT PROVIDED BY THE FOUNDATION IS DEEMED TO RELIEVE THE BURDEN OF THE SUPPORTED ORGANIZATIONS OF THE FOUNDATION. PLEASE SEE DETAIL OF GRANT EXPENSE IN SCHEDULE I. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4 77 6767 223543 432 121259 30371 2028699 1 1 71128233 276192 5766894 2954090 947115 -258013 73528127 79764647 240971 -4787707 3134542 1009452 -54316 71128233 80594474 463809 2813327 3224271 981289 -98597 79764647 77927144 236000 5891918 2538528 1001212 -79152 80594474 73995668 211232 8485882 3832192 976734 -43288 77927144 1.00000 0 0 555000 220000 775000 2558516 553022 2005494 2950 1623 1327 68099 67185 914 2782735 ALTERNATIVE INVESTMENTS 11092329 F 11092329 INTEREST RATE SWAP 1291 FUNDS HELD AS AGENCY ENDOWMENT OBLIGATIONS 265368 266659 X 6427928 7986859 68412 8055271 -1627343 0 -1627343 4022251 160278 160278 3861973 0 3861973 PART X, LINE 2: THE FOUNDATION IS A NONPROFIT ORGANIZATION AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) AND 509(A)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED PROVISIONS FOR FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON INTEREST RATE SWAP 7,826. PART VIII, LINE 8B FUNDRAISING EXPENSE 26,199. PART VIII, LINE 6B RENTAL EXPENSES 134,079. LOSS ON PROPERTY HELD FOR INVESTMENT -71,686. LOSS ON PROGRAM RELATED INVESTMENTS -28,006. PART XII, LINE 2D - OTHER ADJUSTMENTS: PART VIII, LINE 8B FUNDRAISING EXPENSE 26,199. PART VIII, LINE 6B RENTAL EXPENSES 134,079. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 11092328 0 0 0 0 0 0 11092328 0 11092328 1 0 1 1 0 0 PART 1 LINE 3 MAGNITUDE - MAGNITUDE IS A HIGHLY DIFFERENTIATED FUND OF HEDGE FUNDS STRATEGY. THE UNDERLYING HEDGE FUND MANAGERS WILL BE VERY QUANTITATIVE MINDED AND SYSTEMATIC IN NATURE. MOST OF THE UNDERLYING FUNDS WILL ALSO BE VERY FOCUSED ON HEAVY TRADING TO REDUCE DRAWDOWNS. THE CORE HOLDINGS IN THE PORTFOLIO ARE IN DE SHAW'S OFFERINGS. THESE WILL BE STATISTICAL ARBITRAGE, SYSTEMATIC AND DISCRETIONARY MACRO FOCUSED STRATEGIES. EVANSTON - THE EVANSTON WEATHERLOW FUND IS EVANSTON CAPITAL MANAGEMENT'S FLAGSHIP FUND OF HEDGE FUND PRODUCT. THE FUND STRIVES FOR EQUITY-LIKE RETURNS OVER A FULL MARKET CYCLE. THE FUND IS A GLOBALLY DIVERSIFIED, MULTI-STRATEGY PORTFOLIO ALLOCATING TO 20-30 MANAGERS THAT IS MEANT TO PROTECT CAPITAL AND/OR OUTPERFORM IN DOWN MARKETS AND UNDERPERFORM IN UP MARKETS BUT WITH MINIMAL CORRELATION TO ALL MAJOR ASSET CLASS AND STYLE INDICES. IN THEIR PORTFOLIO CONSTRUCTION PROCESS, ECM LIKES TO EMPHASIZE QUALITATIVE AND FORWARD-LOOKING ANALYSIS TO DRIVE THEIR INVESTMENT DECISIONS AND RISK MANAGEMENT PROCESSES. ELEMENTUM ADVISORS MANAGES THE NATCAT FUND, LTD., AN INSURANCE LINKED SECURITY STRATEGY COMPRISED OF A PORTFOLIO THAT IS DIVERSIFIED ACROSS CATASTROPHE BONDS (CAT BONDS), EXCHANGE TRADED CATASTROPHE DERIVATIVES, AND COLLATERALIZED REINSURANCE INVESTMENTS (CRI). THE PORTFOLIO MANAGERS WILL TYPICALLY ALLOCATE 70% OF THE PORTFOLIO TO CAT BONDS AND 30% TO REINSURANCE INVESTMENTS, BUT THE ALLOCATION BETWEEN THE TWO SECURITY TYPES WILL CHANGE TACTICALLY OVER TIME AS MARKET PRICING DICTATES. ELEMENTUM'S GOAL FOR THE STRATEGY IS TO CREATE CAPITAL APPRECIATION BY RECEIVING A RATE OF RETURN ON THEIR INVESTMENTS WHICH EXCEEDS THE LONG-TERM DEFAULT PROBABILITY. THE PORTFOLIO IS ACTIVELY MANAGED, AS THE PORTFOLIO MANAGERS BELIEVE ACTIVE MANAGEMENT ALLOWS FOR RETURNS THAT EXCEED A PASSIVELY MANAGED STRATEGY. DIMEO SCHNEIDER MONITORS THESE FUNDS ON A REGULAR BASIS. THEY LOOK TO TOUCH BASE QUARTERLY WITH MANAGERS, AS WELL AS STRIVE FOR EITHER AN ONSITE VISIT OR MEETING IN THEIR OFFICE ANNUALLY. GREYNOLDS 14226 7438 6788 373 20303 GENET 7441 4561 2880 800 2880 1843 1 21667 11999 9668 800 3253 22146 26199 -16531 1 BARBERTON PUBLIC SCHOOLS 479 NORTON AVENUE BARBERTON OH 44203 346000187 PUBLIC SCHOOL 2330407 DEBT SERVICE. BARBERTON PUBLIC SCHOOLS 479 NORTON AVENUE BARBERTON OH 44203 346000187 PUBLIC SCHOOL 28447 STUDENT DEVELOPMENT. CITY OF BARBERTON 104 THIRD STREET NW BARBERTON OH 44203 346000188 CITY GOVERNMENT 63191 PARKS & RECREATION, POLICE, FIRE AND OTHER SERVICES. CITY OF BARBERTON 104 THIRD STREET NW BARBERTON OH 44203 346000188 CITY GOVERNMENT 77881 BUILDING SECURITY AND CITY ACTIVITIES. BARBERTON COMMUNITY HEALTH CLINIC 113 NINTH STREET BARBERTON OH 44203 341439124 501(C)(3) 10140 FREE HEALTH CARE SERVICES. LAKE ANNA YMCA 500 W HOPOCAN AVENUE BARBERTON OH 44203 340714727 501(C)(3) 7796 HEALTH AND WELLNESS ACTIVITIES. MAGICAL THEATRE COMPANY PO BOX 386 BARBERTON OH 44203 341196629 501(C)(3) 14151 LIVE THEATER PERFORMANCES. COLLEGE NOW OF GREATER CLEVELAND 50 PUBLIC SQUARE SUITE 1800 CLEVELAND OH 44113 346580096 501(C)(3) 60000 COLLEGE GUIDANCE AND ASSISTANCE. EMBRACING FUTURES 50 S MAIN STREET SUITE LL100 AKRON OH 44308 346543299 501(C)(3) 5299 ORTHODONTIC CARE PROGRAM. AKRON-CANTON REGIONAL FOODBANK INC 350 OPPORTUNITY PARKWAY AKRON OH 44307 341369388 501(C)(3) 7500 BARBERTON DIRECT DISTRIBUTION PROGRAM. OHIO & ERIE CANALWAY COALITION 47 W EXCHANGE STREET AKRON OH 44308 341636766 501(C)(3) 22000 BICYCLE SHARE PROGRAM AND COMMUNITY EVENT. ONE OF A KIND PETS 1700 WEST EXCHANGE STREET AKRON OH 44313 204631002 501(C)(3) 10226 PET SPAY AND NEUTER CLINIC. 10 0 INDIVIDUAL SCHOLARSHIPS. 183 266853 PART I, LINE 2: AFTER GRANTS ARE APPROVED BY THE GRANTS COMMITTEE AND THE BOARD OF DIRECTORS, A GRANT PACKET IS PROVIDED TO THE GRANTEE. THE PACKET INCLUDES (1) A NOTIFICATION LETTER, (2) A GRANT AGREEMENT TO BE SIGNED AND RETURNED, (3) A SIX MONTH REPORT OUTLINE, AND (4) AN ANNUAL EVALUATION REPORT OUTLINE. PERIODICALLY, A CONDITIONS REPORT IS RUN INTERNALLY TO IDENTIFY ANY OUTSTANDING SIX MONTH REPORTS OR ANNUAL REPORTS. THE ANNUAL REPORT SHOULD INCLUDE COPIES OF RECEIPTS, A DETAILED ACCOUNTING OF GRANT FUNDS AND THE RETURN OF UNUSED FUNDS. THE GRANTEE WILL BE CONTACTED IF CONDITIONS ARE NOT MET TO TURN IN THEIR REPORTS. THE SUBMITTED DOCUMENTS ARE REVIEWED, RECALCULATED AND FOLLOWED UP ON AS NECESSARY. ORGANIZATIONS MAY SUBMIT A WAIVER REQUEST IF ADDITIONAL TIME IS NEEDED. 0 0 0 0 0 0 0 0 0 PATRICIA CLEARY DIRECTOR 0 133444 0 0 0 0 0 40900 0 21212 0 195556 0 0 X 5 26528 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 MARY JO GOSS, BOARD CHAIR, IS THE MOTHER-IN-LAW OF JASON SLATER, DIRECTOR. FORM 990, PART VI, SECTION A, LINE 7A THE NOMINATING COMMITTEE OF THE BOARD OF DIRECTORS, WITH THE ASSISTANCE OF THE PRESIDENT/CEO, UNDERGOES A SELECTION AND INTERVIEW PROCESS THROUGH WHICH BOARD APPOINTED CANDIDATES ARE IDENTIFIED. AFTER THE SCREENING AND INTERVIEW PROCESS, CANDIDATES ARE THEN RECOMMENDED FOR APPOINTMENT TO THE FULL BOARD. IN ADDITION, THE CITY COUNCIL HAS TO APPROVE 5 BOARD MEMBERS AND 3 ARE EX-OFFICIO APPOINTMENTS TO THE BOARD BASED ON THEIR POSITIONS WITH THE FOUNDATION'S SUPPORTED ORGANIZATIONS. FORM 990, PART VI, SECTION A, LINE 7B ANY AMENDMENT TO THE FOUNDATION'S CODE OF REGULATIONS, OR THE POLICIES THEREIN, REQUIRES APPROVAL OF 75% OF THE MEMBERS OF BOTH THE BOARD OF DIRECTORS OF THE FOUNDATION AND THE CITY COUNCIL. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE/INVESTMENT COMMITTEE REVIEWS AND APPROVES THE FORM 990. IT IS THEN PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY STIPULATES HOW OTHER BOARD MEMBERS CAN QUESTION CONFLICTS AND STAFF MONITORS ACTIONS TAKEN AT MEETINGS WHEN NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT/CEO'S ANNUAL SALARY IS APPROVED ANNUALLY BY THE PERSONNEL COMMITTEE OF THE BOARD OF DIRECTORS AND THE BOARD CHAIR. THE SALARY IS BASED ON COMPARABLE DATA FROM LIKE FOUNDATIONS OBTAINED FROM THE COUNCIL ON FOUNDATION'S ANNUAL SALARY SURVEY AND OTHER COMPARATIVE INFORMATION AVAILABLE TO THE COMMITTEE. IN ADDITION, THE BOARD OF DIRECTORS APPROVES THE ANNUAL BUDGET FOR ALL SALARIES AND RELATED EXPENSES. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND OTHER DOCUMENTS ARE MADE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. IN ADDITION, THE FORM 990 IS AVAILABLE ON WWW.GUIDESTAR.ORG. FORM 990, PART XI, LINE 9: GAIN ON INTEREST RATE SWAP 7,826. LOSS ON PROPERTY HELD FOR INVESTMENT -71,686. LOSS ON PROGRAM RELATED INVESTMENTS -28,006. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED DURING THE YEAR. BCF INVESTMENT PROPERTIES LLC 460 W PAIGE AVENUE BARBERTON OH 44203 383873247 HOLDING COMPANY FOR REAL ESTATE INVESTMENTS OH 0 679329 BARBERTON COMMUNITY FOUNDATION CITY OF BARBERTON 104 THIRD STREET NW BARBERTON OH 44203 346000188 CITY OH N/A 0 THE BARBERTON CITY SCHOOL DISTRICT 479 NORTON AVENUE BARBERTON OH 44203 346000187 SCHOOL DISTRICT OH N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0