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← TOLEDO PUBLIC SCHOOLS FOUNDATION

Form 990 for tax year 2022

Filed by TOLEDO PUBLIC SCHOOLS FOUNDATION.

Totals

Total revenue
$885,961
Total expenses
$873,913
Contributions and grants received
$930,973
Grants paid
$735,183
Program service revenue
$0
Investment income
$16,490
Other revenue
-$61,502
Total assets, end of year
$1,350,272
Total liabilities, end of year
$12,521
Net assets or fund balances, end of year
$1,337,751
Program services expenses (Part IX)
$754,889
Management and general expenses
$46,493
Fundraising expenses
$72,531
Program service expenses (Part III)
$754,889

Program services were 86.4% 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.

  • 1a · Federated campaigns

    $1,041

  • 1c · Fundraising events

    $209,148

  • 1f · All other contributions, gifts and grants

    $720,784

  • 3 · Investment income

    total $18,093 · excluded $18,093

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

    securities $1,603

  • 7c · Gain or loss

    securities -$1,603

  • 7d · Net gain or loss

    total -$1,603 · related or exempt -$1,603

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

    $209,148

  • 8b · Fundraising events: direct expenses

    $61,502

  • 8c · Net income from fundraising events

    total -$61,502 · excluded -$61,502

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $735,183 · program services $735,183

  • 5 · Compensation of officers, directors and key employees

    total $75,828 · program services $17,682 · management and general $12,649 · fundraising $45,497

  • 9 · Other employee benefits

    total $2,375 · program services $554 · management and general $396 · fundraising $1,425

  • 10 · Payroll taxes

    total $6,306 · program services $1,470 · management and general $1,052 · fundraising $3,784

  • 11c · Fees: accounting

    total $12,081 · management and general $12,081

  • 11f · Fees: investment management

    total $4,643 · management and general $4,643

  • 11g · Fees: other

    total $21,422 · management and general $1,222 · fundraising $20,200

  • 12 · Advertising and promotion

    total $1,625 · fundraising $1,625

  • 13 · Office expenses

    total $5,091 · management and general $5,091

  • 14 · Information technology

    total $2,576 · management and general $2,576

  • 17 · Travel

    total $1,361 · management and general $1,361

  • 23 · Insurance

    total $1,045 · management and general $1,045

  • 24a · Other expenses: OPERATIONS EXPENSE

    total $1,469 · management and general $1,469

  • 24b · Other expenses: BANK FEES

    total $869 · management and general $869

  • 24c · Other expenses: BOARD FEES

    total $411 · management and general $411

  • 24d · Other expenses: MEMBERSHIP EXPENSES

    total $1,428 · management and general $1,428

  • 24e · All other expenses

    total $200 · management and general $200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $794,987 · end of year $813,978

  • 9 · Prepaid expenses and deferred charges

    end of year $2,367

  • 11 · Investments: publicly traded securities

    beginning of year $486,091 · end of year $533,927

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,093 · end of year $12,521

  • 27 · Net assets without donor restrictions

    beginning of year $571,051 · end of year $628,817

  • 28 · Net assets with donor restrictions

    beginning of year $708,934 · end of year $708,934

Mission and programs · 2022

Mission

THE MISSION OF THE TOLEDO PUBLIC SCHOOLS FOUNDATION IS TO PROMOTE QUALITY PUBLIC EDUCATION THROUGH SUPPLEMENTAL FUNDING FOR PROGRAMS, SCHOLARSHIPS, AND ACADEMIC INITIATIVES.

  • THE ORGANIZATION SUPPORTS THE TOLEDO PUBLIC SCHOOLS STUDENTS AND EDUCATORS. THEY AWARD SCHOLARSHIPS TO OUTSTANDING AND DESERVING STUDENTS WITHIN THE TOLEDO PUBLIC SCHOOLS DISTRICT. THEY ALSO AWARD GRANTS TO TOLEDO PUBLIC SCHOOLS TEACHERS FOR SPECIFIC PROGRAMS.FOR THE FISCAL YEAR THERE WERE SCHOLARSHIPS AWARDED TO 9 TOLEDO PUBLIC SCHOOL STUDENTS REPRESENTING 9 HIGH SCHOOLS WITHIN THE DISTRICT. THERE WERE ALSO 16 CREATIVE IMPACT GRANTS AWARDED THAT ARE DESIGNED TO ENABLE TEACHERS TO BRING INNOVATIVE AND EXICTING IDEAS, TECHNIQUES AND RESOURCES INTO THE CLASSROOM. THE FOUNDATIONS BRIDGE FUND SUPPORTED STUDENTS BY: (1) BY SENDING STUDENTS TO THE CYBER SECURITY YOUTH CAMP; (2) WE ALSO SENT STUDENTS TO JUNIOR NATIONALS YOUNG LEADERS CONFERENCE; (3) ADDITONALLY WE SENT STUDENTS TO THE CADET AND JUNIOR NATIONAL CHAMPIONS WRESTLING TOURNAMENT.

    Expenses $754,889 · Grants $735,183

As filed on the 2022 return.

Listed in Part VII

  • ASHLEY YOAKAM

    EXECUTIVE DIRECTOR

    Total calculated
    $90,100
    From this org
    $87,397
    From related orgs
    $0
    Other
    $2,703
    Hours/week
    1

  • MARCIO SANDRI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHRISTINE SWEENEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • EMILY MORRISON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • EMILIO RAMIREZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KEVIN DALTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MERRILL GRANT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DANIEL MARTINEZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GEOFF HUNTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHRISTINE VARWIG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARK LUETKE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROMULES DURANT PHD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DENNIS HOPSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • THERESA GABRIEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOEL EPSTEIN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ADAM MOTYCKA ESQ

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MATTHEW MISHLER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DAVID THEISS

    TREASURER

    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

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202431369349303113

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