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Nonprofiteer
← TOLEDO COMMUNITY FOUNDATION SUPPORTING ORGANIZATION

Form 990 for tax year 2023

Filed by TOLEDO COMMUNITY FOUNDATION SUPPORTING ORGANIZATION.

Totals

Total revenue
-$92,228
Total expenses
$1,584,677
Contributions and grants received
$24,105
Grants paid
$1,581,842
Program service revenue
$0
Investment income
-$99,898
Other revenue
-$16,435
Total assets, end of year
$126,198
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$126,198
Program services expenses (Part IX)
$1,581,842
Management and general expenses
$2,835
Fundraising expenses
$0
Program service expenses (Part III)
$1,581,842

Program services were 99.8% 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.

  • 1d · Related organizations

    $24,105

  • 3 · Investment income

    total $4,430 · unrelated business $388 · excluded $4,042

  • 7a · Gross sales of assets other than inventory

    other assets $1,113,486

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

    other assets $1,217,814

  • 7c · Gain or loss

    other assets -$104,328

  • 7d · Net gain or loss

    total -$104,328 · unrelated business -$104,328

  • 11a · Other revenue: BEDFORD HILLS GOLF CLUB, INC. K-1

    total -$16,435 · unrelated business -$16,435

  • 11e · Other revenue, total

    -$16,435

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,581,842 · program services $1,581,842

  • 11c · Fees: accounting

    total $2,385 · management and general $2,385

  • 24a · Other expenses: UNRELATED BUSINESS INCO

    total $250 · management and general $250

  • 24e · All other expenses

    total $200 · management and general $200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,493 · end of year $3,658

  • 7 · Other notes and loans receivable

    end of year $122,540

  • 12 · Investments: other securities

    beginning of year $1,800,360 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $1,801,853 · end of year $126,198

Mission and programs · 2023

Mission

TO FACILITATE DONATION OF REAL PROPERTY. WHEN REAL PROPERTY ASSETS ARE DONATED, THIS ORGANIZATION WILL SELL THE ASSET AND TRANSFER FUNDS TO A NEW OR EXISTING TOLEDO COMMUNITY FOUNDATION, INC. FUND.

Activities or mission (Part I)

AS A SUPPORTING ORGANIZATION OF THE TOLEDO COMMUNITY FOUNDATION, INC., THE EXEMPT PURPOSE OF THE ORGANIZATION IS TO FURTHER THE MISSION OF THE TOLEDO COMMUNITY FOUNDATION, INC. IN SERVING THE PEOPLE OF NORTHWEST OHIO AND SOUTHEAST MICHIGAN BY FACILITATING THE DONATION OF REAL PROPERTY BY SELLING ALL DONATED ASSETS AND TRANSFERRING THE FUNDS TO THE TOLEDO COMMUNITY FOUNDATION, INC.

  • GRANTS PAID - SEE SCHEDULE I

    Expenses $1,581,842 · Grants $1,581,842

As filed on the 2023 return.

Listed in Part VII

  • MR DENNIS JOHNSON

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25

  • MR KEITH BURWELL

    SECRETARY/TREASURER

    Total calculated
    $343,661
    From this org
    $0
    From related orgs
    $283,402
    Other
    $60,259
    Hours/week
    0.25 + 53.25 related

    Schedule J breakdown matched by us

    Base
    $0 + $263,902 related
    Bonus
    $0 + $19,500 related
    Other
    $0
    Deferred
    $0 + $48,404 related
    Nontaxable benefits
    $0 + $11,855 related
    Filer's total
    $0 + $343,661 related

  • MS KIM CRYAN

    CFO

    Total calculated
    $225,078
    From this org
    $0
    From related orgs
    $181,025
    Other
    $44,053
    Hours/week
    0.25 + 46.25 related

    Schedule J breakdown matched by us

    Base
    $0 + $176,025 related
    Bonus
    $0 + $5,000 related
    Other
    $0
    Deferred
    $0 + $32,292 related
    Nontaxable benefits
    $0 + $11,761 related
    Filer's total
    $0 + $225,078 related

  • MR MARK ZYNDORF

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • MR L ZAC ISAAC

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • MS RITA NA MANSOUR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • MR FRANK JACOBS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2023
Filed
31 October 2024
IRS schema version
2023v5.1
Source object
202413179349302066

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