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Nonprofiteer
← ZANE STATE COLLEGE FOUNDATION

Form 990 for tax year 2024

Filed by ZANE STATE COLLEGE FOUNDATION.

Totals

Total revenue
$1,824,394
Total expenses
$1,066,898
Contributions and grants received
$301,710
Grants paid
$797,284
Program service revenue
$0
Investment income
$1,516,683
Other revenue
$6,001
Total assets, end of year
$16,169,572
Total liabilities, end of year
$6,907
Net assets or fund balances, end of year
$16,162,665
Program services expenses (Part IX)
$797,284
Management and general expenses
$269,614
Fundraising expenses
$0
Program service expenses (Part III)
$797,284

Program services were 74.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $1,250

  • 1f · All other contributions, gifts and grants

    $300,460

  • 3 · Investment income

    total $331,755 · excluded $331,755

  • 7a · Gross sales of assets other than inventory

    securities $7,147,827

  • 7b · Less cost or other basis and sales expenses

    securities $5,962,899

  • 7c · Gain or loss

    securities $1,184,928

  • 7d · Net gain or loss

    total $1,184,928 · excluded $1,184,928

  • 8a · Fundraising events: gross income

    $6,001

  • 8a · Fundraising events: contributions included on line 1c

    $1,250

  • 8c · Net income from fundraising events

    total $6,001 · excluded $6,001

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $682,177 · program services $682,177

  • 2 · Grants to domestic individuals

    total $115,107 · program services $115,107

  • 11a · Fees: management

    total $192,019 · management and general $192,019

  • 11f · Fees: investment management

    total $72,665 · management and general $72,665

  • 13 · Office expenses

    total $4,930 · management and general $4,930

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $48,714 · end of year $21,659

  • 2 · Savings and temporary cash investments

    beginning of year $381,903 · end of year $275,395

  • 7 · Other notes and loans receivable

    beginning of year $25,000 · end of year $25,000

  • 11 · Investments: publicly traded securities

    beginning of year $14,738,026 · end of year $15,847,518

  • 17 · Accounts payable and accrued expenses

    beginning of year $273,865 · end of year $6,907

  • 27 · Net assets without donor restrictions

    beginning of year $437,598 · end of year $776,832

  • 28 · Net assets with donor restrictions

    beginning of year $14,482,180 · end of year $15,385,833

Mission and programs · 2024

Mission

ZANE STATE COLLEGE FOUNDATION PROVIDES CHARITABLE SUPPORT FOR THE EDUCATIONAL NEEDS OF ZANE STATE COLLEGE, INCLUDING SCHOLARSHIP AWARDS, CAPITAL BUILDING PROJECTS, INSTRUCTIONAL EQUIPMENT, AND PROFESSIONAL DEVELOPMENT SUPPORT FOR FACULTY, STAFF AND STUDENTS.

  • CAPITAL EXPENDITURES & BUILDING IMPROVEMENTS -BUILDING IMPROVEMENTS SUCH AS ROOM RENOVATIONS AND ENHANCEMENTS TO THE ZANESVILLE CAMPUS AND THE CAMBRIDGE CAMPUS.

  • SCHOLARSHIPS - SCHOLARSHIPS ARE ESSENTIAL TO ENSURING THE EDUCATIONAL ATTAINMENT OF ZANE STATE COLLEGE STUDENTS. EACH YEAR,THE FOUNDATION HELPS APPROXIMATELY 150 DESERVING STUDENTS. THESE FUNDS TRANSFORM THE LIVES OF OUR STUDENTS AND THEIR FAMILIES AS THEY ENTER THE LOCAL WORKFORCE WITH NEWLY DEVELOPED SKILLS.

    Expenses $115,107 · Grants $115,107

  • LEARNING & EDUCATIONAL RESOURCES - LEARNING AND EDUCATIONAL RESOURCES INCLUDE TEACHING AND LEARNING TOOLS, INSTRUCTIONAL EQUIPMENT, HONORS PROGRAM COSTS, AND DISTINGUISHED PROFESSORSHIPS.

    Expenses $682,177 · Grants $682,177

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JENNIFER ALLEN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DIANE BRADEN

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BRANDON HESS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • COURTNEY JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EARNEST BYNUM JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BEAU MOYER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHANDRA ONTKO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATLYN PORTER

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • BJ SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GERALDINE ZYLINSKY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2026
IRS schema version
2024v5.0
Source object
202601359349304450

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