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Nonprofiteer
← THE TIFFIN COMMUNITY FOUNDATION

Form 990 for tax year 2024

Filed by THE TIFFIN COMMUNITY FOUNDATION.

Totals

Total revenue
$3,389,001
Total expenses
$1,490,951
Contributions and grants received
$1,020,837
Grants paid
$1,293,575
Program service revenue
$0
Investment income
$2,368,164
Other revenue
$0
Total assets, end of year
$34,626,754
Total liabilities, end of year
$8,660,494
Net assets or fund balances, end of year
$25,966,260
Program services expenses (Part IX)
$1,371,743
Management and general expenses
$119,208
Fundraising expenses
$0
Program service expenses (Part III)
$1,371,743

Program services were 92.0% 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.

  • 1f · All other contributions, gifts and grants

    $1,020,837

  • 3 · Investment income

    total $586,164 · related or exempt $586,164

  • 7a · Gross sales of assets other than inventory

    securities $10,837,531

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

    securities $9,055,531

  • 7c · Gain or loss

    securities $1,782,000

  • 7d · Net gain or loss

    total $1,782,000 · related or exempt $1,782,000

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,293,575 · program services $1,293,575

  • 7 · Other salaries and wages

    total $125,528 · program services $50,211 · management and general $75,317

  • 10 · Payroll taxes

    total $9,927 · program services $3,971 · management and general $5,956

  • 11c · Fees: accounting

    total $16,750 · management and general $16,750

  • 11g · Fees: other

    total $1,760 · program services $1,760

  • 12 · Advertising and promotion

    total $1,955 · program services $782 · management and general $1,173

  • 13 · Office expenses

    total $20,183 · program services $12,935 · management and general $7,248

  • 16 · Occupancy

    total $21,273 · program services $8,509 · management and general $12,764

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $113,279 · end of year $161,591

  • 2 · Savings and temporary cash investments

    beginning of year $754,265 · end of year $540,783

  • 9 · Prepaid expenses and deferred charges

    beginning of year $625 · end of year $625

  • 11 · Investments: publicly traded securities

    beginning of year $23,557,086 · end of year $25,956,254

  • 12 · Investments: other securities

    beginning of year $7,174,619 · end of year $7,832,461

  • 15 · Other assets

    beginning of year $135,631 · end of year $135,040

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,964 · end of year $5,432

  • 18 · Grants payable

    beginning of year $587,426 · end of year $623,553

  • 21 · Escrow or custodial account liability

    beginning of year $7,135,596 · end of year $8,031,509

  • 27 · Net assets without donor restrictions

    beginning of year $16,827,899 · end of year $18,133,798

  • 28 · Net assets with donor restrictions

    beginning of year $7,174,620 · end of year $7,832,462

Mission and programs · 2024

Mission

COMMUNITY FOUNDATION - ASSIST THE COMMUNITY IN ENSURING THAT THE EDCUTATIONAL, CULTURAL AND RECREATIONAL OPPORTUNITIES OF SENECA COUNTY ARE MAINTAINED AND ENHANCED FOR FUTURE GENEATIONS.

  • THE WHITE CHARITABLE TRUST DISTRIBUTES THE UNRESTRICTED NET INCOME OF THE TRUST AT LEAST ANNUALLY. APPLICATIONS ARE TAKEN FROM PUBLIC AND PRIVATE ORGANIZATIONS IN THE CITY OF TIFFIN AND SENECA COUNTY THAT ARE TAX-EXEMPT. PRIORITY IS GIVEN TO PROGRAM AREAS THAT REFLECT CHARACTERISTICS SUCH AS PROMOTING PERSONAL ACHIEVEMENT, CULTURAL ENRICHMENT, VOLUNTEERISM, ENVIRONMENTAL AWARENESS, IMPROVEMENT TO PERSONAL HEALTH AND DEVELOPMENT OF NEW SOLUTIONS TO COMMUNITY PROBLEMS.

    Expenses $266,577 · Grants $266,577

  • THE BETTY JANE MEMORIAL FUND DISTRIBUTES THE GREATER OF 5% OF THE PRIOR YEAR'S AVERAGE OF MONTH-END MARKET VALUES OR DIVIDENDS AND INTEREST EARNED BY THE FUND PUBLICLY SUPPORTED CHARITABLE ORGANIZATIONS WHICH PROMOTE PHYSICAL, MENTAL, SOCIAL AND VOCATIONAL REHABILITATION FOR PEOPLE WITH DISABILITIES. DISTRIBUTIONS ARE MADE BASED UPON RECOMMENDATIONS OF THE FUND ADVISORS WHO SHALL BE APPOINTED BY THE FOUNDATION.

    Expenses $127,794 · Grants $127,794

  • THE ROBERT G TEACH FUND MAKES DISTRIBUTIONS TO VARIOUS LOCAL ORGANIZATIONS THAT SUPPORT LEARNING AND COMMUNITY ACTIVITES.

    Expenses $69,216 · Grants $69,216

  • SCHOLARSIPS AND GRANTS - 829,988 OTHER PROGRAM EXPENSES - 78,168

    Expenses $908,156 · Grants $829,988

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

Listed in Part VII

  • Tim Demith

    VICE CHAIRMA

    Total calculated
    $0

  • James Gucker

    SECRETARY

    Total calculated
    $0

  • Robert Huntington

    TRUSTEE

    Total calculated
    $0

  • Neil Jordan

    TREASURER

    Total calculated
    $0

  • Jennifer Musgrave

    TRUSTEE

    Total calculated
    $0

  • Char Pope

    TRUSTEE

    Total calculated
    $0

  • Sara Riesen

    TRUSTEE

    Total calculated
    $0

  • Mark Somodi

    TRUSTEE

    Total calculated
    $0

  • Andrew Stephey

    CHAIRMAN

    Total calculated
    $0

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
6 October 2025
IRS schema version
2024v5.0
Source object
202523179349303897

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