Geneva Area Recreational Educational And Athletic Trust in Geneva, Ohio (OH)

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Geneva Area Recreational Educational And Athletic Trust
Employer Identification Number (EIN)262771257
Name of OrganizationGeneva Area Recreational Educational And Athletic Trust
In Care of NameRonald Clutter
Address5201 Spire Cir, Geneva, OH 44041-7130
SubsectionCharitable Organization
Ruling Date02/2009
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$50,000,000 to greater
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$72,537,706
Amount of Income$4,232,832
Form 990 Revenue Amount$20,059,468
National Taxonomy of Exempt Entities (NTEE)Crime, Legal-Related: Delinquency Prevention


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Amount of income in 2013: $4,232,832 (it was $9,558,948 in 2012)
Geneva Area Recreational Educational And Athletic Trust: 

 $4,232,832
Other organizations performing similar types of work: 

 $94,018

Assets in 2013: $72,537,706 (it was $75,453,369 in 2012)
Geneva Area Recreational Educational And Athletic Trust: 

 $72,537,706
Other organizations performing similar types of work: 

 $25,821

Expenses in 2013: $9,988,768
This organization: 

 $9,988,768
Other organizations performing similar types of work: 

 $87,875

Income to expenses ratio in 2013: 0.4
This organization: 

 0.4
Other organizations performing similar types of work: 

 1.2

Grants share in income in 2013: 3.1%
Geneva Area Recreational Educational And Athletic Trust: 

 3.1%
Other organizations performing similar types of work: 

 96.2%

Financial snapshot ($)

Revenue for 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$3,882,832$0$3,819,295
Contributions, gifts, grants, etc., received$121,106
Interest on savings and temporary cash investments$0
Dividends and interest from securities$0
Gross rents$0
Gross sales price for all assets$54,400
Gross profit from sales of goods$0
Other income$4,057,326
Total expenses and disbursements$9,988,768$0$3,819,295$7,297,179
Compensation of officers, directors, trustees, etc.$24,453
Pension plans, employee benefits$116,280
Legal fees$287,681
Accounting fees$11,000
Interest$416,691
Depreciation$3,095,599
Occupancy$1,115,814
Travel, conferences, and meetings$55,015
Printing and publications$0
Total operating and administrative expenses$9,988,768$0$7,297,179
Contributions, gifts, grants paid$0
Excess of revenue over expenses and disbursements$-6,105,936
Net investment income$0
Adjusted net income$0
Balance Sheets
20092010201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$32,248,771$48,161,444$78,181,599$75,453,369$72,537,706$72,537,706
Cash - non-interest-bearing$98,731
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Other assets$112,719
Total liabilities$25,873,467$26,542,623$57,498,686$56,446,635$59,636,908
Mortgages and other notes payable$354,639
Other liabilities$3,169,500
Total liabilities and net assets/fund balances$12,900,798
Capital Gains and Losses for Tax on Investment Income
20092010201120122013
Capital gain net income$0
Net capital loss$-295,600
Excise Tax Based on Investment Income
20092010201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$0
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$0
Overpayment$0
Amount to be credited to next year's estimated tax$0
Statements Regarding Activities
20092010201120122013
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Has the foundation engaged in any activities that have not previously been reported to the IRS?No
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?No
Has the foundation filed a tax return on Form 990-T for this year?NoNoYes
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?Yes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?No
Did any persons become substantial contributors during the tax year?No
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?Yes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041No
Statements Regarding Activities for Which Form 4720 May Be Required
20092010201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?Yes
Furnish goods, services, or facilities to (or accept them from) a disqualified person?Yes
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?Yes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?No
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?No
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?No
Minimum Investment Return
20092010201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$15,806
Net value of noncharitable-use assets$0
Minimum investment return$0
Distributable Amount
20092010201120122013
Distributable amount$0
Undistributed Income
20092010201120122013
Distributable amount for this year$0
Undistributed income for this year. This amount must be distributed in the next year$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
$0$1,480,835
$0$676,348
$0$652,993
$0$604,540
$0$404,579
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$0$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Geneva Area Recreational Educational And Athletic Trust5201 Spire Cir, Geneva, OH 44041-7130OH2009-02$4,232,832
2Child Injury Prevention Alliance320 Morgan Ln, Columbus, OH 43230-7019OH2009-10$16,934
3Hand To Hand Enterprises636 Northland Blvd Ste 270, Cincinnati, OH 45240-3221OH2010-02$11,261
4Mindful Youth1026 Delta Ave Suite B, Cincinnati, OH 45208-3164OH2012-09$2,647
5Adonai Homes Of Restoration Inc1416 Frebis Ave, Columbus, OH 43206OH2013-09$0
6Attaboy Group3665 Seibert, Dayton, OH 45405OH2012-02$0
7Bomani Strength Llc15107 Clifton Blvd, Lakewood, OH 44107OH2011-06$0
8Cincinnati Padres7713 Werner Ave, Cincinnati, OH 45231OH2009-11$0
9Community Outreach And Rehabilitation Initiatives Inc1485 Hillcrest Street, Akron, OH 44314OH2010-03$0
10Family First Enrichment Center502 E Main St, Trotwood, OH 45426-2906OH2009-06$0
11Fokus On The Youth Foundation IncPo Box172, Marysville, OH 43040OH2009-01$0
12Friends Of The Coshocton Drug Court Inc426 Main Street, Coshocton, OH 43812OH2007-09$0
13Grande AlliancePO BOX 60034, Dayton, OH 45406-0034OH2008-09$0
14Grief To Grace323 W Hillcrest Avenue, Dayton, OH 45406OH2012-05$0
15Higher Ground Community Development Corporation Inc, Rehoboth House Rehoboth House380 Wooster Rd N, Barberton, OH 44203OH2012-01$0
16Horizon Of Hope Ministry, Just Another Gift6925 W 3rd St, Dayton, OH 45417-7841OH1984-07$0
17Human Trafficking Collaborative Of Lorain County38986 Camelot Way, Avon, OH 44011OH2013-10$0
18K E V I N Inc936 Richards Road, Toledo, OH 43607OH1998-07$0
19Khalil Council For Community Leadership4098b Princeton Blvd, South Euclid, OH 44121-2373OH2005-08$0
20Leighs Legacy Foundation5704 Medalist, Columbus, OH 43230-8512OH2012-11$0
Number of organizations performing similar types of work
Alaska3
Alabama31
Arkansas12
Arizona22
California231
Colorado36
Connecticut12
District of Columbia19
Delaware4
Florida110
Georgia76
Hawaii4
Iowa5
Idaho5
Illinois73
Indiana31
Kansas6
Kentucky7
Louisiana32
Massachusetts23
Maryland36
Maine6
Michigan44
Minnesota18
Missouri37
Mississippi14
Montana9
North Carolina64
North Dakota1
Nebraska7
New Hampshire9
New Jersey35
New Mexico8
Nevada9
New York70
Ohio45
Oklahoma13
Oregon14
Pennsylvania53
Rhode Island7
South Carolina22
South Dakota7
Tennessee31
Texas102
Utah5
Virginia41
Vermont4
Washington33
Wisconsin19
West Virginia5
Wyoming1
International6
Total1,517

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