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Nonprofiteer
← THE TIFFIN COMMUNITY FOUNDATION

Form 990 for tax year 2022

Filed by THE TIFFIN COMMUNITY FOUNDATION.

Totals

Total revenue
$2,170,584
Total expenses
$903,283
Contributions and grants received
$1,531,100
Grants paid
$731,358
Program service revenue
$0
Investment income
$639,484
Other revenue
$0
Total assets, end of year
$27,689,249
Total liabilities, end of year
$8,368,033
Net assets or fund balances, end of year
$19,321,216
Program services expenses (Part IX)
$796,356
Management and general expenses
$106,927
Fundraising expenses
$0
Program service expenses (Part III)
$796,356

Program services were 88.2% 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

    $1,531,100

  • 3 · Investment income

    total $508,100 · related or exempt $508,100

  • 7a · Gross sales of assets other than inventory

    securities $2,770,418

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

    securities $2,639,034

  • 7c · Gain or loss

    securities $131,384

  • 7d · Net gain or loss

    total $131,384 · related or exempt $131,384

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $731,358 · program services $731,358

  • 7 · Other salaries and wages

    total $109,228 · program services $43,691 · management and general $65,537

  • 10 · Payroll taxes

    total $8,693 · program services $3,477 · management and general $5,216

  • 11c · Fees: accounting

    total $14,500 · management and general $14,500

  • 11g · Fees: other

    total $1,540 · program services $1,540

  • 12 · Advertising and promotion

    total $4,548 · program services $1,819 · management and general $2,729

  • 13 · Office expenses

    total $16,157 · program services $7,555 · management and general $8,602

  • 16 · Occupancy

    total $17,239 · program services $6,896 · management and general $10,343

  • 17 · Travel

    total $20 · program services $20

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $153,063 · end of year $98,286

  • 2 · Savings and temporary cash investments

    beginning of year $710,327 · end of year $917,673

  • 9 · Prepaid expenses and deferred charges

    beginning of year $625 · end of year $625

  • 11 · Investments: publicly traded securities

    beginning of year $24,291,908 · end of year $20,080,467

  • 12 · Investments: other securities

    beginning of year $7,395,532 · end of year $6,465,304

  • 15 · Other assets

    beginning of year $121,552 · end of year $126,894

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,833 · end of year $6,017

  • 18 · Grants payable

    beginning of year $657,611 · end of year $561,708

  • 21 · Escrow or custodial account liability

    beginning of year $9,737,075 · end of year $7,800,308

  • 27 · Net assets without donor restrictions

    beginning of year $14,878,957 · end of year $12,855,912

  • 28 · Net assets with donor restrictions

    beginning of year $7,395,531 · end of year $6,465,304

Mission and programs · 2022

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 $198,575 · Grants $198,575

  • 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 $112,605 · Grants $112,605

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

    Expenses $59,791 · Grants $59,791

  • SCHOLARSIPS AND GRANTS - 232,508 OTHER PROGRAM EXPENSES - 57,396

    Expenses $425,385 · Grants $360,387

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tim Demith

    TRUSTEE

    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

  • Francine Neal

    TRUSTEE

    Total calculated
    $0

  • Mark Somodi

    TRUSTEE

    Total calculated
    $0

  • Andrew Stephey

    CHAIRMAN

    Total calculated
    $0

  • Makenzie Weininger

    TRUSTEE

    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
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202333139349300728

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