Think Tank Inc
- Assets
- $277.8k
- Revenue
- $881.9k
- Investments
- $0.0
- Employees
- 9
- Location
- Springfield, OH
- Founding
- 05/2007
- Data as of
- 12/2020
- EIN
- 20-3742833
Organization Overview
Think Tank Inc is located in Springfield, OH. The organization was established in 2007. According to its NTEE Classification (P02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Human Services and related organizations. As of 12/2020, Think Tank Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Think Tank Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Think Tank Inc generated $881.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $838.4k during the year ending 12/2020. While expenses have increased by 4.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THINK TANK'S MISSION IS TO EDUCATE AND EQUIP ORGANIZATIONS TO PARTNER EFFECTIVELY WITH PEOPLE IN POVERTY TO CREATE LASTING CHANGE. THE ORGANIZATION'S CORE FOCUS/ NICHE IS BEING A TRAINING CENTER FOR REGIONAL, STATE AND NATIONAL DEVELOPMENT OF POVERTY ALLEVIATION STRATEGIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTS IS A PROCESS THAT HELPS CHURCHES AND CHRISTIAN FAITH COMMUNITIES MORE HOLISTICALLY UNDERSTAND POVERTY AND BUILD RELATIONSHIPS.
PROVIDE TRAINING AND SUPPORT TO LOCAL NON-PROFITS; BUILD AWARENESS OF NEEDS OF THOSE IN POVERTY AND ENGAGE IN SOLUTIONS TO ALLEVIATE POVERTY; CONDUCT POVERTY SIMULATIONS, TRAININGS, CURRICULUM DEVELOPMENT. IN 2020 THE ORGANIZATION ADDED A VIRTUAL EXPERIENCE DUE TO THE PANDEMIC.
OPERATE A VISTA PROGRAM, WHICH IS A NATIONAL SERVICE PROGRAM DESIGNED TO FIGHT POVERTY AND ILLITERACY, IMPROVE HEALTH SERVICES, AND STRENGTHEN COMMUNITY GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marlo Fox Executive Dir. | Officer | 40 | $71,895 |
Carleen Suttman President | OfficerTrustee | 1 | $0 |
Rachel Graves Treasurer | OfficerTrustee | 1 | $0 |
Deborah Hunt Board Member | Trustee | 1 | $0 |
John Cloud Board Member | Trustee | 1 | $0 |
Dr David Smith Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $623,843 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $623,843 |
| Total Program Service Revenue | $258,072 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $881,920 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $71,895 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $285,222 |
| Pension plan accruals and contributions | $6,317 |
| Other employee benefits | $29,743 |
| Payroll taxes | $28,075 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $272,896 |
| Advertising and promotion | $0 |
| Office expenses | $19,455 |
| Information technology | $13,394 |
| Royalties | $0 |
| Occupancy | $32,187 |
| Travel | $9,702 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,738 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,250 |
| Insurance | $3,037 |
| All other expenses | $1,487 |
| Total functional expenses | $838,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,928 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,369 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $733 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $68,750 |
| Other assets | $0 |
| Total assets | $277,780 |
| Accounts payable and accrued expenses | $46,387 |
| Grants payable | $0 |
| Deferred revenue | $63,464 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $172,400 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $282,251 |
| Net assets without donor restrictions | -$4,471 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $277,780 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Think Tank Inc has recieved totaling $46,500.
| Awarding Organization | Amount |
|---|---|
Caresource Foundation Dayton, OH PURPOSE: VIRTUAL COST OF POVERTY EXPERIENCE & LEADERSHIP DAYTON CLASS PARTICIPATION | $41,000 |
The Global Orphan Project Inc Kansas City, MO PURPOSE: ORPHAN CARE | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Allied Human Services Bloomfield Hills, MI | $4,604,901 | $3,422,814 |
Southern Alleghenies Service Management Group Altoona, PA | $1,105,443 | $2,635,804 |
D And M Consultants Inc Bloomfield Hills, MI | $1,227,099 | $1,464,839 |
Think Tank Inc Springfield, OH | $277,780 | $881,920 |
Groundwork Group Columbus, OH | $1,001,599 | $670,733 |
Trillium Institute Grand Rapids, MI | $904,765 | $567,261 |
Be Nimble Foundation Inc Indianapolis, IN | $288,854 | $661,509 |
Branches Worldwide Millersburg, OH | $121,463 | $418,004 |
National Giving Alliance Warminster, PA | $699,770 | $348,522 |
Mercy Douglas Human Services Affiliates Philadelphia, PA | $12,509 | $262,469 |
Love Inc Of Lorain County Elyria, OH | $293,815 | $246,060 |
Indiana Guardianship Services Inc La Porte, IN | $79,106 | $260,007 |