Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $1,008,273

• 2a · Program service revenue: PROGRAM INVESTMENTS

  total $157,605 · related or exempt $157,605

• 3 · Investment income

  total $1,917,231 · unrelated business $526,398 · excluded $1,390,833

• 6a · Gross rents

  real property $98,347

• 6b · Less rental expenses

  real property $54,348

• 6c · Rental income or loss

  real property $43,999

• 6d · Net rental income or loss

  total $43,999 · excluded $43,999

• 7a · Gross sales of assets other than inventory

  securities $20,410,462

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

  securities $20,299,016

• 7c · Gain or loss

  securities $111,446

• 7d · Net gain or loss

  total $111,446 · excluded $111,446

• 11a · Other revenue: ADMINISTRATIVE FEE INCOME

  total $40,668 · unrelated business $40,668

• 11b · Other revenue: OTHER INCOME

  total $19,697 · related or exempt $19,697

• 11e · Other revenue, total

  $60,365

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $945,006 · program services $945,006

• 2 · Grants to domestic individuals

  total $241,063 · program services $241,063

• 5 · Compensation of officers, directors and key employees

  total $271,576 · program services $195,535 · management and general $76,041

• 7 · Other salaries and wages

  total $284,088 · program services $205,430 · management and general $78,658

• 8 · Pension plan contributions

  total $17,062 · program services $12,285 · management and general $4,777

• 9 · Other employee benefits

  total $52,519 · program services $38,020 · management and general $14,499

• 10 · Payroll taxes

  total $40,353 · program services $29,125 · management and general $11,228

• 11b · Fees: legal

  total $38,474 · program services $36,610 · management and general $1,864

• 11c · Fees: accounting

  total $40,175 · program services $11,205 · management and general $28,970

• 11f · Fees: investment management

  total $148,386 · program services $148,386

• 11g · Fees: other

  total $74,933 · program services $43,278 · management and general $31,655

• 12 · Advertising and promotion

  total $71,676 · program services $51,732 · management and general $19,944

• 13 · Office expenses

  total $15,548 · program services $11,221 · management and general $4,327

• 14 · Information technology

  total $26,187 · program services $18,901 · management and general $7,286

• 16 · Occupancy

  total $18,949 · program services $3,154 · management and general $15,795

• 17 · Travel

  total $10,118 · management and general $10,118

• 19 · Conferences, conventions and meetings

  total $7,422 · program services $5,357 · management and general $2,065

• 22 · Depreciation, depletion and amortization

  total $19,280 · management and general $19,280

• 23 · Insurance

  total $7,814 · management and general $7,814

• 24a · Other expenses: FUND ACTIVITY EXPENSES

  total $81,431 · program services $81,431

• 24b · Other expenses: BAD DEBTS

  total $8,000 · program services $8,000

• 24c · Other expenses: DUES AND SUBSCRIPTIONS

  total $5,789 · program services $4,178 · management and general $1,611

• 24d · Other expenses: MISCELLANEOUS ADMINISTR

  total $4,283 · program services $2,325 · management and general $1,958

• 24e · All other expenses

  total $2,164 · program services $1,562 · management and general $602

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $411,554 · end of year $243,733

• 2 · Savings and temporary cash investments

  beginning of year $380,025 · end of year $2,181,894

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $56,367

• 4 · Accounts receivable

  beginning of year $56,580 · end of year $162,178

• 9 · Prepaid expenses and deferred charges

  beginning of year $11,102 · end of year $5,610

• 10a · Land, buildings and equipment: cost or other basis

  $3,663,760

• 10b · Land, buildings and equipment: accumulated depreciation

  $1,211,433

• 10c · Land, buildings and equipment, net

  beginning of year $943,123 · end of year $2,452,327

• 11 · Investments: publicly traded securities

  beginning of year $75,783,838 · end of year $62,324,450

• 12 · Investments: other securities

  beginning of year $13,298,320 · end of year $9,136,986

• 13 · Investments: program-related

  beginning of year $3,933,265 · end of year $4,190,717

• 15 · Other assets

  beginning of year $22,062 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $31,778 · end of year $212,301

• 18 · Grants payable

  beginning of year $37,308 · end of year $127,925

• 25 · Other liabilities

  beginning of year $348,076 · end of year $336,563

• 27 · Net assets without donor restrictions

  beginning of year $4,430,000 · end of year $4,483,913

• 28 · Net assets with donor restrictions

  beginning of year $89,992,707 · end of year $75,593,560

The filer's explanations (Part III)

PART I, LINE 3

JEFFREY RAMNYTZ IS THE SUPERINTENDENT OF BARBERTON CITY SCHOOL DISTRICT. COMPENSATION IS DETERMINED BASED ON MARKET RESEARCH AND OTHER FACTORS THAT DETERMINE HIS SALARY COMPARABLE TO SIMILAR GEOGRAPHIC AND SIMILAR SCHOOL DISTRICTS TO BARBERTON. THE EXECUTIVE DIRECTOR'S ANNUAL SALARY IS APPROVED ANNUALLY BY THE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS AND THE BOARD CHAIR. THE SALARY IS BASED ON COMPARABLE DATA FROM LIKE FOUNDATIONS OBTAINED FROM THE COUNCIL ON FOUNDATION'S ANNUAL SALARY SURVEY AND OTHER COMPARATIVE INFORMATION AVAILABLE TO THE COMMITTEE. IN ADDITION, THE BOARD OF DIRECTORS APPROVES THE ANNUAL BUDGET FOR ALL SALARIES AND RELATED EXPENSES.