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Nonprofiteer
← HANCOCK PROPERTIES FOUNDATION

Form 990 for tax year 2022

Filed by HANCOCK PROPERTIES FOUNDATION.

Totals

Total revenue
$621,225
Total expenses
$725,676
Contributions and grants received
$166,000
Grants paid
$0
Program service revenue
$455,225
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,921,153
Total liabilities, end of year
$57,309
Net assets or fund balances, end of year
$3,863,844
Program services expenses (Part IX)
$725,676
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$725,676

Program services were 100.0% 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.

  • 1d · Related organizations

    $166,000

  • 2a · Program service revenue: EXEMPT FUNCTION RENTAL

    total $455,225 · related or exempt $455,225

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $106,750 · program services $106,750

  • 8 · Pension plan contributions

    total $4,695 · program services $4,695

  • 9 · Other employee benefits

    total $12,617 · program services $12,617

  • 10 · Payroll taxes

    total $10,209 · program services $10,209

  • 11b · Fees: legal

    total $266 · program services $266

  • 11c · Fees: accounting

    total $2,836 · program services $2,836

  • 11g · Fees: other

    total $84,780 · program services $84,780

  • 12 · Advertising and promotion

    total $25 · program services $25

  • 13 · Office expenses

    total $32,133 · program services $32,133

  • 14 · Information technology

    total $4,709 · program services $4,709

  • 16 · Occupancy

    total $122,341 · program services $122,341

  • 19 · Conferences, conventions and meetings

    total $726 · program services $726

  • 22 · Depreciation, depletion and amortization

    total $197,954 · program services $197,954

  • 24a · Other expenses: GRANT FUNDED EXPENSE

    total $143,329 · program services $143,329

  • 24b · Other expenses: OTHER EXPENSES

    total $1,707 · program services $1,707

  • 24c · Other expenses: MEMBERSHIP & DUES

    total $599 · program services $599

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $556,146 · end of year $358,734

  • 4 · Accounts receivable

    beginning of year $12,868 · end of year $29,567

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,607 · end of year $4,023

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

    $5,859,312

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

    $2,376,788

  • 10c · Land, buildings and equipment, net

    beginning of year $3,464,060 · end of year $3,482,524

  • 15 · Other assets

    beginning of year $0 · end of year $46,305

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,302 · end of year $19,148

  • 25 · Other liabilities

    beginning of year $58,463 · end of year $38,161

  • 27 · Net assets without donor restrictions

    beginning of year $3,967,916 · end of year $3,863,844

Mission and programs · 2022

Mission

THE ORGANIZATION ASSISTS CHARITABLE ORGANIZATIONS IN HANCOCK COUNTY BY PROVIDING AFFORDABLE RENTAL SPACE FOR THEIR ADMINISTRATIVE, MANAGEMENT AND OPERATIONAL ACTIVITIES IN GENERAL SUPPORT OF THE FINDLAY-HANCOCK COUNTY COMMUNITY FOUNDATION.

  • THE ORGANIZATION RENTS SPACE TO 12 LOCAL NONPROFIT AGENCIES AT BELOW MARKET RATES. THE AGENCIES ARE: ASSOCIATED CHARITIES; CANCER PATIENT SERVICES; CAUGHMAN HEALTH CENTER; CHILDREN'S MENTORING CONNECTION; CHOPIN HALL; CHRISTIAN CLEARING HOUSE; HHWP COMMUNITY ACTION COMMISSION; HANCOCK METROPOLITAN HOUSING AUTHORITY; HOPE HOUSE; LEGAL AID OF WESTERN OHIO; WOMEN, INFANTS, & CHILDREN (W.I.C); DENTAL CENTER OF NORTHWEST OHIO.

    Expenses $725,676 · Revenue $455,225

As filed on the 2022 return.

Listed in Part VII

  • PATTY LUCAS

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MOLLY BENSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHERYL BUCKLAND-MANLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVE HEALY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RICHARD KIRK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ED READING

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ANNA SCHROEDER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRIAN TREECE

    SECRETARY

    Total calculated
    $167,989
    From this org
    $0
    From related orgs
    $153,922
    Other
    $14,067
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $153,922 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,300 related
    Nontaxable benefits
    $0 + $4,767 related
    Filer's total
    $0 + $167,989 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

The filer's explanations (Part III)

PART I, LINE 3
THERE IS NO COMPENSATION PAID BY THIS ORGANIZATION TO ANY BOARD MEMBERS OF THIS ORGANIZATION. INSTEAD, THE COMPENSATION IS PAID BY A RELATED ORGANIZATION. FOR THAT RELATED ORGANIZATION, CEO COMPENSATION IS GUIDED BY A THIRD-PARTY COMPENSATION CONSULTANT WHO CREATES A BENCHMARK RANGE USING MULTIPLE COMPENSATION SURVEYS OF SIMILAR ORGANIZATIONS. THE DATA IS REVIEWED BY THE COMPENSATION COMMITTEE AND APPROVED BY THE BOARD.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202313179349303621

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