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Nonprofiteer
← OHIO LIVING FOUNDATION

Form 990 for tax year 2022

Filed by OHIO LIVING FOUNDATION.

Totals

Total revenue
$5,808,316
Total expenses
$2,184,899
Contributions and grants received
$3,619,026
Grants paid
$0
Program service revenue
$0
Investment income
$2,189,290
Other revenue
$0
Total assets, end of year
$87,308,784
Total liabilities, end of year
$1,548,471
Net assets or fund balances, end of year
$85,760,313
Program services expenses (Part IX)
$0
Management and general expenses
$794,833
Fundraising expenses
$1,390,066
Program service expenses (Part III)
not reported

Program services were 0.0% 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

    $3,619,026

  • 1g · Noncash contributions included above

    $29,345

  • 3 · Investment income

    total $1,238,997 · excluded $1,238,997

  • 7a · Gross sales of assets other than inventory

    securities $24,689,982

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

    securities $23,739,689

  • 7c · Gain or loss

    securities $950,293

  • 7d · Net gain or loss

    total $950,293 · excluded $950,293

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $333,698 · management and general $333,698

  • 7 · Other salaries and wages

    total $894,816 · management and general $80,462 · fundraising $814,354

  • 9 · Other employee benefits

    total $148,049 · management and general $39,040 · fundraising $109,009

  • 10 · Payroll taxes

    total $87,233 · management and general $26,507 · fundraising $60,726

  • 11a · Fees: management

    total $216,000 · management and general $216,000

  • 11b · Fees: legal

    total $11,289 · management and general $11,289

  • 11c · Fees: accounting

    total $6,232 · management and general $6,232

  • 11g · Fees: other

    total $108,003 · management and general $1,332 · fundraising $106,671

  • 12 · Advertising and promotion

    total $8,235 · fundraising $8,235

  • 13 · Office expenses

    total $41,740 · management and general $10,543 · fundraising $31,197

  • 14 · Information technology

    total $45,339 · management and general $45,339

  • 16 · Occupancy

    total $7,165 · management and general $7,165

  • 17 · Travel

    total $28,659 · management and general $1,617 · fundraising $27,042

  • 19 · Conferences, conventions and meetings

    total $3,410 · management and general $2,536 · fundraising $874

  • 22 · Depreciation, depletion and amortization

    total $13,073 · management and general $13,073

  • 24a · Other expenses: ANNUITY FUND DISTRBS

    total $193,120 · fundraising $193,120

  • 24b · Other expenses: ANNUITY TRUSTEE FEES

    total $38,838 · fundraising $38,838

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,309,005 · end of year $2,983,026

  • 3 · Pledges and grants receivable

    beginning of year $2,943,783 · end of year $2,483,619

  • 4 · Accounts receivable

    beginning of year $95,791 · end of year $46,741

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

    $169,989

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

    $144,770

  • 10c · Land, buildings and equipment, net

    beginning of year $37,754 · end of year $25,219

  • 11 · Investments: publicly traded securities

    beginning of year $51,155,352 · end of year $53,507,261

  • 15 · Other assets

    beginning of year $25,459,039 · end of year $28,262,918

  • 17 · Accounts payable and accrued expenses

    beginning of year $444,983 · end of year $184,362

  • 25 · Other liabilities

    beginning of year $1,554,743 · end of year $1,364,109

  • 27 · Net assets without donor restrictions

    beginning of year $18,646,824 · end of year $24,698,967

  • 28 · Net assets with donor restrictions

    beginning of year $62,354,174 · end of year $61,061,346

Mission and programs · 2022

Mission

OHIO LIVING FOUNDATION'S MISSION IS TO PARTNER WITH DONORS TO PROVIDE CHARITABLE SUPPORT FOR THE PEOPLE, PROJECTS AND PROGRAMS OF OHIO LIVING.

Activities or mission (Part I)

THE OHIO LIVING FOUNDATION'S PURPOSE IS TO PARTNER WITH DONORS TO PROVIDE CHARITABLE SUPPORT FOR THE PEOPLE, PROJECTS AND PROGRAMS OF OHIO LIVING. OHIO LIVING SERVES PEOPLE OF ALL INCOME LEVELS AGE 55 AND OVER IN ITS SENIOR LIVING COMMUNITIES, AND PRIMARILY ANY ADULT THROUGH ITS HOME HEALTH AND HOSPICE SUBSIDIARY. CHARITABLE SUPPORT IS NEEDED FOR OHIO LIVING TO CONTINUE TO SERVE ALL INCOME LEVELS, AS WELL AS RESIDENTS RECEIVING LIFE CARE SUPPORT WHO, IN GOOD FAITH, HAVE EXHAUSTED THEIR PERSONAL FUNDS.

  • SEE SCHEDULE OTHE OHIO LIVING FOUNDATION FULFILLS THE FUNDRAISING AND INVESTMENT RESPONSIBILITIES OF OHIO LIVING COMMUNITIES AND OHIO LIVING HOLDINGS.THE FOUNDATION SERVED:OHIO LIVING BRECKENRIDGE VILLAGEOHIO LIVING CAPE MAYOHIO LIVING DOROTHY LOVEOHIO LIVING LAKE VISTAOHIO LIVING LLANFAIROHIO LIVING MOUNT PLEASANTOHIO LIVING ROCKYNOLOHIO LIVING SWAN CREEKOHIO LIVING WESTMINSTER-THURBEROHIO LIVING VINEYARD ON CATAWBAOHIO LIVING HOLDINGS (7 REGIONAL SITES)OHIO LIVING SARAH MOOREOHIO LIVING QUAKER HEIGHTSLIFE CARE COMMITMENT:THE GOAL IS TO ASSURE OHIO LIVING COMMUNITIES RESIDENTS THAT THEY WILL ALWAYS HAVE A HOME IN OUR COMMUNITIES EVEN IF, IN GOOD FAITH, THEY EXHAUST THEIR PERSONAL FUNDS.HOME HEALTH & HOSPICE:THE GOAL IS TO HELP OLDER ADULTS REMAIN INDEPENDENT. GIFT SUPPORT PROVIDES ASSISTANCE FOR A VARIETY OF COMMUNITY BASED SERVICES, INCLUDING HOME HEALTH CARE, PERSONAL CARE AND HOSPICE.SPIRITUAL LIFE:THE GOAL IS TO ENHANCE THE SPIRITUAL LIVES OF OUR RESIDENTS. NINE OF OUR CAMPUSES HAVE CHAPLAINS ON STAFF AND MOST COMMUNITIES HAVE THEIR OWN CHAPEL. GIFT SUPPORT HELPS PROVIDE PROGRAMS FOR RESIDENTS AND FAMILIES AS WELL AS TRAINING FOR STAFF.REHABILITATION:THE GOAL IS TO HELP PATIENTS RECOVER FROM INJURY OR ILLNESS SO THEY CAN REGAIN THEIR INDEPENDENCE AND CONTINUE TO LIVE LIFE TO THE FULLEST. GIFT SUPPORT PROVIDES ASSISTANCE FOR A VARIETY OF SERVICES, INCLUDING NEW EQUIPMENT, ENHANCED TECHNOLOGY, PHYSICAL IMPROVEMENTS, AND ADDITIONAL STAFF TRAINING.CAPITAL SUPPORT:THIS INCLUDES ONGOING RENOVATIONS OF CURRENT FACILITIES AND THE DEVELOPMENT OF SPECIAL USE SPACE. THE FOUNDATION HELPS MEET OHIO LIVING COMMUNITIES LARGER CAPITAL NEEDS THROUGH CAMPAIGNS THAT SUPPORT SPECIFIC PROJECTS.ENDOWMENT SUPPORT:MANY DONORS WANT TO ENSURE THAT THE PROGRAMS THEY SUPPORT NOW WILL BE AVAILABLE FOR OLDER ADULTS IN THE YEARS TO COME. ENDOWMENT FUNDS ARE PERMANENTLY INVESTED TO PROVIDE INCOME FOR THE LONG TERM BENEFIT OF OHIO LIVING. ONLY THE INCOME FROM AN ENDOWMENT FUND CAN BE USED, LEAVING THE PRINCIPAL PRESERVED TO PERMANENTLY SUPPORT THE DONOR'S SELECTED PURPOSE.

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

Listed in Part VII

  • Laurence C Gumina

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $632,206
    From this org
    $0
    From related orgs
    $554,132
    Other
    $78,074
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $552,867 related
    Bonus
    $0
    Other
    $0 + $1,265 related
    Deferred
    $0 + $70,000 related
    Nontaxable benefits
    $0 + $8,074 related
    Filer's total
    $0 + $632,206 related

  • Daniel Ginis

    CHIEF FOUNDATION OFFICER

    Total calculated
    $253,713
    From this org
    $0
    From related orgs
    $227,639
    Other
    $26,074
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $226,793 related
    Bonus
    $0
    Other
    $0 + $846 related
    Deferred
    $0 + $18,000 related
    Nontaxable benefits
    $0 + $8,074 related
    Filer's total
    $0 + $253,713 related

  • Richard Frenchie

    DIRECTOR/BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Mark Baltimore

    DIRECTOR/BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Bernard Wright Jr

    DIRECTOR/ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Dennis R Deibel

    DIRECTOR/ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Mary Cochran

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Robert Parker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bruce Boyd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bonnie Quist

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rev Christine White

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sheldon Taft

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Robert Stillman

    CHIEF FINANCIAL OFFICER/TREASURER

    Total calculated
    $393,435
    From this org
    $0
    From related orgs
    $353,730
    Other
    $39,705
    Hours/week
    3 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $352,440 related
    Bonus
    $0
    Other
    $0 + $1,290 related
    Deferred
    $0 + $25,000 related
    Nontaxable benefits
    $0 + $14,705 related
    Filer's total
    $0 + $393,435 related

  • Dana Ullom-Vucelich

    CHIEF HUMAN RESCOURCES OFFICER

    Total calculated
    $318,438
    From this org
    $0
    From related orgs
    $285,364
    Other
    $33,074
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $284,138 related
    Bonus
    $0
    Other
    $0 + $1,226 related
    Deferred
    $0 + $25,000 related
    Nontaxable benefits
    $0 + $8,074 related
    Filer's total
    $0 + $318,438 related

  • Michaella Rees

    CHIEF BRAND & GROWTH OFFICER

    Total calculated
    $218,113
    From this org
    $0
    From related orgs
    $199,703
    Other
    $18,410
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $199,344 related
    Bonus
    $0
    Other
    $0 + $359 related
    Deferred
    $0 + $18,000 related
    Nontaxable benefits
    $0 + $410 related
    Filer's total
    $0 + $218,113 related

  • Darci Mossbarger

    CORP EXEC OF COMPENSATION/BENEFITS

    Total calculated
    $136,817
    From this org
    $0
    From related orgs
    $129,152
    Other
    $7,665
    Hours/week
    1 + 39 related

  • Matthew Cheuvront

    CORPORATE EXECUTIVE OF INFORMATION TECHNOLOGY

    Total calculated
    $145,046
    From this org
    $0
    From related orgs
    $144,660
    Other
    $386
    Hours/week
    1 + 39 related

  • Jennifer Howell

    CORP EXEC OF EMPLOYEE RELATIONS

    Total calculated
    $155,225
    From this org
    $0
    From related orgs
    $134,855
    Other
    $20,370
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $134,612 related
    Bonus
    $0
    Other
    $0 + $243 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $20,370 related
    Filer's total
    $0 + $155,225 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

PART I, LINE 3:
OHIO LIVING FOUNDATION RELIED ON A RELATED ORGANIZATION (OHIO LIVING) THAT USED THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -FORM 990 OF OTHER ORGANIZATIONS -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4B:
THE 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN IS AVAILABLE TO KEY EMPLOYEES OF THE ORGANIZATION, AS DEFINED BY THE ORGANIZATION AND NOT PART VII OF THE FORM 990. THE 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN WILL VEST 100% AFTER 3 FISCAL YEARS OF CONTINUED EMPLOYMENT HAVE CONCLUDED; OTHERWISE, AMOUNTS ARE FORFEITED. AWARDED DEFERRED COMPENSATION AMOUNTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN C, AND WHEN VESTED ARE REPORTED IN COLUMN B(I). THERE WERE NO 403B RETIREMENT AWARDS MADE.

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

No itemized grants to organizations 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.

  • OHIO PRESBYTERIAN RETIREMENT SERVICES DEVELOPMENT CORPORATION

    C · INACTIVE · OH · controlled entity

  • OHIO LIVING VENTURES LLC

    C · HOLD INVESTMENT · OH · controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202401359349306505

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