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Nonprofiteer
← COMMUNITY FOUNDATION FOR THE OHIO VALLEY INC

Form 990 for tax year 2022

Filed by COMMUNITY FOUNDATION FOR THE OHIO VALLEY INC.

Totals

Total revenue
$7,351,915
Total expenses
$4,897,172
Contributions and grants received
$3,163,752
Grants paid
$3,312,694
Program service revenue
$0
Investment income
$988,376
Other revenue
$3,199,787
Total assets, end of year
$79,935,508
Total liabilities, end of year
$5,106,487
Net assets or fund balances, end of year
$74,829,021
Program services expenses (Part IX)
$3,945,259
Management and general expenses
$802,098
Fundraising expenses
$149,815
Program service expenses (Part III)
$3,945,259

Program services were 80.6% 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

    $3,163,752

  • 3 · Investment income

    total $1,413,013 · excluded $1,413,013

  • 5 · Royalties

    total $2,424,453 · excluded $2,424,453

  • 6a · Gross rents

    real property $57,985

  • 6b · Less rental expenses

    real property $18,526

  • 6c · Rental income or loss

    real property $39,459

  • 6d · Net rental income or loss

    total $39,459 · related or exempt $39,459

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

    securities $424,637

  • 7c · Gain or loss

    securities -$424,637

  • 7d · Net gain or loss

    total -$424,637 · related or exempt -$424,637

  • 11a · Other revenue: ADMINISTRATIVE FEES

    total $471,318 · related or exempt $471,318

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $162,306 · related or exempt $162,306

  • 11c · Other revenue: CAPITAL THEATRE TICKET FEE

    total $102,251 · related or exempt $102,251

  • 11e · Other revenue, total

    $735,875

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,940,098 · program services $2,940,098

  • 2 · Grants to domestic individuals

    total $372,596 · program services $372,596

  • 5 · Compensation of officers, directors and key employees

    total $126,728 · program services $63,364 · management and general $63,364

  • 7 · Other salaries and wages

    total $287,724 · program services $95,908 · management and general $93,816 · fundraising $98,000

  • 9 · Other employee benefits

    total $54,547 · program services $18,182 · management and general $36,365

  • 10 · Payroll taxes

    total $102,816 · program services $33,929 · management and general $46,267 · fundraising $22,620

  • 11a · Fees: management

    total $236,216 · program services $118,108 · management and general $118,108

  • 11b · Fees: legal

    total $1,023 · management and general $1,023

  • 11c · Fees: accounting

    total $28,790 · program services $14,395 · management and general $14,395

  • 11g · Fees: other

    total $371,206 · program services $111,362 · management and general $259,844

  • 12 · Advertising and promotion

    total $11,592 · program services $11,592

  • 13 · Office expenses

    total $35,228 · program services $8,807 · management and general $8,807 · fundraising $17,614

  • 14 · Information technology

    total $56,376 · program services $28,188 · management and general $28,188

  • 16 · Occupancy

    total $115,975 · program services $38,272 · management and general $77,703

  • 17 · Travel

    total $5,130 · program services $2,052 · fundraising $3,078

  • 19 · Conferences, conventions and meetings

    total $14,172 · program services $5,669 · fundraising $8,503

  • 22 · Depreciation, depletion and amortization

    total $47,038 · program services $47,038

  • 23 · Insurance

    total $10,388 · management and general $10,388

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $18,985 · management and general $18,985

  • 24b · Other expenses: PROPERTY TAXES

    total $10,853 · program services $10,853

  • 24e · All other expenses

    total $49,691 · program services $24,846 · management and general $24,845

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,174,739 · end of year $208,534

  • 3 · Pledges and grants receivable

    beginning of year $31,936

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

    $832,146

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

    $120,291

  • 10c · Land, buildings and equipment, net

    beginning of year $1,201,266 · end of year $711,855

  • 11 · Investments: publicly traded securities

    beginning of year $61,780,923 · end of year $78,520,119

  • 15 · Other assets

    beginning of year $0 · end of year $495,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $97,566 · end of year $1,375

  • 18 · Grants payable

    beginning of year $373,077 · end of year $645,717

  • 23 · Secured mortgages and notes payable

    beginning of year $187,033 · end of year $218,818

  • 24 · Unsecured notes and loans payable

    beginning of year $1,095

  • 25 · Other liabilities

    beginning of year $3,638,819 · end of year $4,240,577

  • 27 · Net assets without donor restrictions

    beginning of year $58,278,665 · end of year $16,214,991

  • 28 · Net assets with donor restrictions

    beginning of year $3,612,609 · end of year $58,614,030

Mission and programs · 2022

Mission

TO INCREASE A PERMANENT ENDOWMENT THAT CAN RESPOND TO THE CURRENT AND FUTURE NEEDS OF THE UPPER OHIO VALLEY.

Activities or mission (Part I)

THE FOUNDATION WAS FORMED FOR THE PURPOSE OF SUPPORTING BENEVOLENT, CHARITABLE, OR EDUCATIONAL CAUSES.

  • ONE OF THE MOST IMPORTANT FEATURES OF THE FOUNDATION IS ITS ABILITY TO DISTRIBUTE GRANTS FOR THE BENEFIT OF CHARITABLE OR EDUCATIONAL UNDERTAKING OF THE OHIO VALLEY.

    Expenses $3,945,259 · Grants $3,312,694

As filed on the 2022 return.

Listed in Part VII

  • Angelina Calcote

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Maryann Cater

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • David Croft

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Robert Cupp Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jay Frey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jay Goodman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Deb Hassig

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • John Holloway MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • H Lawrence Jones EdD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Chaeles J Kaiser Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • David Kappel MD

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Knight

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Dan McCune

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Tulane Mensore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Marlene Midget

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kristine Molnar

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • William Paras

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Elsie Reyes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • David L Robertson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mary Rohrig

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Anthony Rico Ruiz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Bernadette Smith

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jim Squibb

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Susie Nelson

    EXECUTIVE DIRECTOR

    Total calculated
    $107,688
    From this org
    $90,803
    From related orgs
    $0
    Other
    $16,885
    Hours/week
    40

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • COMMUNITY FOUNDATION OF JEFFERSON COUNTY INC

    501(C)(3) · CHARITIES AND SCHOLARSHIPS · OH · controlled entity

    Directly controlled by COMMUNITY FOUNDATION FOR THE OHIO VALLEY INC

  • CFOV WEIRTON LLC

    501(C)(3) · CHARITIES AND SCHOLARSHIPS · WV · controlled entity

    Directly controlled by COMMUNITY FOUNDATION FOR THE OHIO VALLEY INC

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202431369349311348

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