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Nonprofiteer
← OGLEBAY PARK-OGLEBAY INSTITUTE TRUST

Form 990 for tax year 2023

Filed by OGLEBAY PARK-OGLEBAY INSTITUTE TRUST.

Totals

Total revenue
$301,066
Total expenses
$566,258
Contributions and grants received
$0
Grants paid
$485,000
Program service revenue
$0
Investment income
$296,644
Other revenue
$4,422
Total assets, end of year
$7,286,973
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$7,286,973
Program services expenses (Part IX)
$485,000
Management and general expenses
$81,258
Fundraising expenses
$0
Program service expenses (Part III)
$485,000

Program services were 85.7% 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.

  • 3 · Investment income

    total $162,959 · excluded $162,959

  • 5 · Royalties

    total $4,422 · excluded $4,422

  • 7a · Gross sales of assets other than inventory

    securities $578,934

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

    securities $445,249

  • 7c · Gain or loss

    securities $133,685

  • 7d · Net gain or loss

    total $133,685 · excluded $133,685

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $485,000 · program services $485,000

  • 5 · Compensation of officers, directors and key employees

    total $70,874 · management and general $70,874

  • 11c · Fees: accounting

    total $1,050 · management and general $1,050

  • 24e · All other expenses

    total $9,334 · management and general $9,334

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $154,615 · end of year $186,721

  • 11 · Investments: publicly traded securities

    beginning of year $7,385,007 · end of year $7,100,252

  • 15 · Other assets

    beginning of year $12,621

  • 29 · Capital stock, trust principal or current funds

    beginning of year $7,552,243 · end of year $7,286,973

Mission and programs · 2023

Mission

GRANTS ARE MADE ACCORDING TO TRUST AGREEMENT DATED JULY 28, 1977.KEYBANK, AS TRUSTEE MAKES DISTRIBUTIONS AS FOLLOWS 100% TO THE OGLEBAY FOUNDATION FOR THE PRESERVATION AND MAINTENANCE AND ENHANCEMENT OF THE MANSION MUSEUM AT OGLEBAY PARK AND THE SUPPORT OF THE CULTURAL ACTIVITIES AND OUTDOOR NATURE AND RECREATION PROGRAMS OF OGLEBAY INSTITUTE AT OGLEBAY PARK. KEYBANK IS RESPONSIVE TO THE NEEDS AND ACTIVITIES OF THE OF THE OGLEBAY FOUNDATION IN THE ATTAINMENT OF ITS MISSION. PLEASE NOTE THE RECIPIENT ORGANIZATION HAS THE RIGHT TO REMOVE THE TRUSTEE AND THE AUTHORITY TO DIRECT OR APPROVE INVESTMENTS AND THE TRUSTEE HAS THE AUTHORITY TO AMEND THE DOCUMENT TO ENSURE THE CONTINUATION TO QUALIFY AS 509A3. KEYBANK MAINTAINS A RESPONSIVENESS TO THE NEEDS AND ACTIVITIES OF EACH BENEFICIARY ORGANIZATION IN THE ATTAINMENT OF ITS MISSION

  • GRANTS MADE TO WHEELING PARK COMMISSION FOR THE PRESERVATION, MAINTENANCE, AND ENHANCEMENT OF THE MANSION MUSEUM, WHICH IS MAINTAINED FOR THE CULTURAL APPRECIATION OF THE PUBLIC.

    Expenses $485,000 · Grants $485,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Deborah Z Read

    CO-TRUSTEE

    Total calculated
    $24,000
    From this org
    $24,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Keybank N A

    CO-TRUSTEE

    Total calculated
    $46,874
    From this org
    $46,874
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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
2023
Filed
10 October 2024
IRS schema version
2023v5.1
Source object
202423109349300622

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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