The Arthur and Sara Jo Kobacker Alfred and Ida Kobacker Foundation

Nonprofit profile at a glance

EIN
311380072
IRS 990 coverage
2010–2020
Forms available
Form 990 2020
Location
Columbus, OH, USA
Phone
6142514000
Rating
44
Verdict
MIXED
Rating confidence
Moderate
Sector
Named Trusts N.E.C.

Reported finances

Revenue
$6,072,230
Expenses
$68,076
Assets
$14,061,747
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • ALFRED J KOBACKER (TRUSTEE/PRESIDENT)

Highest reported compensation

  • DOUGLAS F KRIDLER (ASST SECRETARY/TRUSTEE): $627,244 total reported compensation
  • SCOTT HEITKAMP (ASSISTANT TREASURER/TRUSTEE (AS OF 08/18/20)): $283,110 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The arthur & sara jo kobacker, alfred & ida kobacker foundation is a supporting organization of the columbus foundation. The purpose of the arthur & sara jo kobacker, alfred & ida kobacker foundation is to support charitable organizations which benefit the community.

What it reported doing in 2020

Education

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 8
  • Transparency & Controls: 71
  • Accountability: 60
  • Sustainability: 88
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0.5%; rating input score 1
  • Program expense ratio: 22%; rating input score 22
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 71st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 10th percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 98.9%; rating input score 100; 100th percentile among comparable filings
  • Total-asset coverage ratio: 206.56; rating input score 100; 100th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 98; 98th percentile among comparable filings
  • Officer compensation ratio: 225.3%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -19% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: 40.8% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 19.5% per year; rating input score 100; 83rd percentile among comparable filings

Details

  • Where the money goes: 0.5% of revenue deployed · 22% of spending went to programs
  • Governance: 4 of 6 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $15K in reported program spending
  • Leadership: top reported pay $627K · 7 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 16 of 16 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 11 filing years from 2010 to 2020
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 31 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 1/100.
  • High — Financial Efficiency: Program expense ratio scored 22/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 4 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.