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Nonprofiteer
← VAN WERT COUNTY FOUNDATION

Form 990 for tax year 2024

Filed by VAN WERT COUNTY FOUNDATION.

Totals

Total revenue
$12,731,957
Total expenses
$5,887,737
Contributions and grants received
$5,778,919
Grants paid
$3,527,188
Program service revenue
$1,571,174
Investment income
$4,155,938
Other revenue
$1,225,926
Total assets, end of year
$85,540,758
Total liabilities, end of year
$2,502,839
Net assets or fund balances, end of year
$83,037,919
Program services expenses (Part IX)
$4,694,229
Management and general expenses
$1,193,508
Fundraising expenses
$0
Program service expenses (Part III)
$4,694,229

Program services were 79.7% 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.

  • 1e · Government grants (contributions)

    $399,065

  • 1f · All other contributions, gifts and grants

    $5,379,854

  • 1g · Noncash contributions included above

    $1,051,191

  • 2a · Program service revenue: COMMUNITY DEVELOPMENT

    total $1,571,174 · related or exempt $1,571,174

  • 3 · Investment income

    total $1,533,201 · excluded $1,533,201

  • 6a · Gross rents

    real property $1,080,261

  • 6b · Less rental expenses

    real property $707,980

  • 6c · Rental income or loss

    real property $372,281

  • 6d · Net rental income or loss

    total $372,281 · excluded $372,281

  • 7a · Gross sales of assets other than inventory

    securities $13,971,113 · other assets $41,370

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

    securities $11,389,746 · other assets $0

  • 7c · Gain or loss

    securities $2,581,367 · other assets $41,370

  • 7d · Net gain or loss

    total $2,622,737 · excluded $2,622,737

  • 11a · Other revenue: MISCELLANEOUS

    total $853,645 · excluded $853,645

  • 11e · Other revenue, total

    $853,645

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,313,538 · program services $2,313,538

  • 2 · Grants to domestic individuals

    total $1,213,650 · program services $1,213,650

  • 5 · Compensation of officers, directors and key employees

    total $205,898 · program services $53,894 · management and general $152,004

  • 7 · Other salaries and wages

    total $596,435 · management and general $596,435

  • 8 · Pension plan contributions

    total $23,990 · management and general $23,990

  • 9 · Other employee benefits

    total $26,183 · management and general $26,183

  • 10 · Payroll taxes

    total $59,854 · management and general $59,854

  • 11b · Fees: legal

    total $15,360 · management and general $15,360

  • 11c · Fees: accounting

    total $77,165 · management and general $77,165

  • 11f · Fees: investment management

    total $15,000 · management and general $15,000

  • 11g · Fees: other

    total $8,924 · program services $1,138 · management and general $7,786

  • 12 · Advertising and promotion

    total $12,275 · program services $718 · management and general $11,557

  • 13 · Office expenses

    total $21,102 · management and general $21,102

  • 14 · Information technology

    total $57,346 · management and general $57,346

  • 16 · Occupancy

    total $154,924 · program services $121,298 · management and general $33,626

  • 17 · Travel

    total $253 · management and general $253

  • 22 · Depreciation, depletion and amortization

    total $121,524 · program services $115,557 · management and general $5,967

  • 23 · Insurance

    total $12,146 · program services $2,801 · management and general $9,345

  • 24a · Other expenses: ADMINISTRATION EXPENSE

    total $865,571 · program services $865,571

  • 24b · Other expenses: MISCELLANEOUS

    total $70,037 · program services $4,303 · management and general $65,734

  • 24c · Other expenses: HOSPITALITY/MEALS

    total $9,641 · program services $1,761 · management and general $7,880

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $6,921 · management and general $6,921

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $773,618 · end of year $567,083

  • 3 · Pledges and grants receivable

    beginning of year $595,394 · end of year $195,254

  • 4 · Accounts receivable

    beginning of year $399,761 · end of year $339,965

  • 7 · Other notes and loans receivable

    beginning of year $1,674,560 · end of year $5,178,385

  • 8 · Inventories for sale or use

    beginning of year $603,733 · end of year $449,024

  • 9 · Prepaid expenses and deferred charges

    beginning of year $147,329 · end of year $124,529

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

    $14,243,850

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

    $2,308,323

  • 10c · Land, buildings and equipment, net

    beginning of year $11,998,543 · end of year $11,935,527

  • 11 · Investments: publicly traded securities

    beginning of year $50,290,626 · end of year $46,900,382

  • 12 · Investments: other securities

    beginning of year $11,395,226 · end of year $19,437,702

  • 15 · Other assets

    beginning of year $27,846 · end of year $412,907

  • 17 · Accounts payable and accrued expenses

    beginning of year $203,170 · end of year $139,824

  • 18 · Grants payable

    beginning of year $0 · end of year $31,500

  • 19 · Deferred revenue

    beginning of year $0 · end of year $15,784

  • 21 · Escrow or custodial account liability

    beginning of year $689,305 · end of year $765,145

  • 25 · Other liabilities

    beginning of year $1,540,255 · end of year $1,550,586

  • 27 · Net assets without donor restrictions

    beginning of year $2,522,791 · end of year $2,858,064

  • 28 · Net assets with donor restrictions

    beginning of year $72,951,115 · end of year $80,179,855

Mission and programs · 2024

Mission

THE MISSION OF THE VAN WERT COUNTY FOUNDATION IS TO TRANSFORM QUATILTY OF LIFE BY INSPIRING, FULFILLING, AND SUPPORTING PHILANTHROPY IN AN EFFORT TO CREATE A WELL-RESOURCED AND THRIVING QUALITY OF LIFE FOR OUR SURROUNDING COMMUNITIES.

Activities or mission (Part I)

THE MISSION IS TO RECEIVE AND INVEST CONTRIBUTIONS TO FURTHER THE MENTAL, MORAL, INTELLECTUAL OR PHYSICAL WELFARE AND ADVANCEMENT OF CITIZENS OF VAN WERT COUNTY, OHIO AND SUCH OTHER AREAS AS DIRECTED BY A DONOR. THE VAN WERT COUNTY FOUNDATION TRANSFORMS QUALITY OF LIFE BY SUPPORTING PURPOSEFUL ENDOWMENTS, INSPIRING COLLECTIVE GROWTH, AND BUILDING INITIATIVES FOR THE FUTURE.

  • ALLOCATIONS TO CHARITABLE ORGANIZATIONS AND TO GOVERNMENTAL UNITS TO FURTHER THE MENTAL, MORAL, INTELLECTUAL, OR PHYSICAL WELFARE AND ADVANCEMENT OF THE CITIZENS OF VAN WERT, OHIO, SURROUNDING COMMUNITIES, AND OTHER SUCH AREAS AS DIRECTED BY OUR DONORS. THESE ALLOCATIONS MAY ALSO SUPPORT COMMUNITY DEVELOPMENT INITIATIVES, INCLUDING THE CONSTRUCTION, RENOVATION, AND MAINTENANCE OF PUBLIC BUILDINGS AND FACILITIES.

    Expenses $2,749,004 · Grants $1,886,007 · Revenue $1,571,174

  • PROVIDED SCHOLARSHIPS TO INDIVIDUAL STUDENTS IN VAN WERT, PAULDING, AND OTHER SURROUNDING OHIO COUNTIES WHERE THE FOUNDATION HAS SIGNIFICANT INVOLVEMENT AND THE ABILITY TO MONITOR QUALIFICATIONS.

    Expenses $1,213,650 · Grants $1,213,650

  • THE FOUNDATION SUPPORTS THE ARTS THROUGH THE SUPPORT OF THE VAN WERT PERFORMING ARTS FOUNDATION WHICH BRINGS PERFORMING ARTS ENTERTAINMENT TO VAN WERT COUNTY AT MULTIPLE VENUES IN THE AREA INCLUDING POWERING THE SUMMER MUSIC SERIES IN FOUNTAIN PARK. THE FOUNDATION ALSO PROMOTES THE ARTS FOR VAN WERT AND THE SURROUNDING COMMUNITIES IN IT'S SUPPORT OF THE WASSENBERG ART CENTER, A NOT FOR PROFIT COMMUNITY ART CENTER.

    Expenses $614,672 · Grants $417,031

  • COMPLETED APPLICATION FOR ODNR GRANT TO ASSIST WITH FUNDING THE NEXT PHASE OF RENOVATIONS AND UPGRADES TO THE HIESTAND WOODS COMMUNITY PARK.

    Expenses $65,807

  • CONTINUE TO PROVIDE MAINTENANCE AND UPKEEP OF FRANKLIN PARK COMMUMITY PARK INCLUDING REPLACING THE GROUND COVER FOR THE PLAYGRAOUND AREAS.

    Expenses $42,206

  • GREW THE REINVIGORATION OF THE ELEVATE PROGRAM IN YEAR 2 WITH FOUNDATION GRANT SUPPORT AND STAFF TIME AND ENERGY. THE ELEVATE PROGRAM BRINGS NON-PROFIT AND CHARITABLE ORGANIZATION COMMUNITY LEADERSHIP TOGETHER FOR MONTHLY PROGRAMS REGARDING EDUCATION, CURRENT EVENTS OF INTEREST, AND NETWORKING OPPORTUNITES.

    Expenses $8,890 · Grants $10,500

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gary Clay

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Brian Renner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mark White

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Tom Burenga

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Andy Czajkowski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Cindy Hurless

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Charles Koch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Thad Lichtensteiger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Tim Stoller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Gary Taylor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Tom Turnwald

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Eva Yarger

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Stacy Adam

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Jon Bagley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Pat Jackson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Seth Baker

    CEO

    Total calculated
    $153,398
    From this org
    $140,968
    From related orgs
    $0
    Other
    $12,430
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,968
    Bonus
    $0
    Other
    $0
    Deferred
    $7,250
    Nontaxable benefits
    $5,180
    Filer's total
    $153,398

  • Michael Holiday

    CFO

    Total calculated
    $52,500
    From this org
    $50,000
    From related orgs
    $0
    Other
    $2,500
    Hours/week
    19 + 1 related

  • Spencer Creekmore

    DIRECTOR OF PROPERTY DEVELOPMENT

    Total calculated
    $128,529
    From this org
    $118,070
    From related orgs
    $0
    Other
    $10,459
    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. 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

  • 3 · Approval by the board or compensation committee

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

  • VAN WERT AREA PERFORMING ARTS FOUNDATION

    $306,116

    OPERATING, MAINTENANCE, AND COMMUNITY ENTERTAINMENT PROGRAMMING

  • FIRST PRESBYTERIAN CHURCH

    $141,567

    OPERATING GRANT AND GENERAL PURPOSES

  • VANTAGE CAREER CENTER

    $138,279

    SUPPORT DEVELOPMENT OF THE ELECTRONIC EDUCATION DEPARTMENT AND LITERACY PROGRAMS

  • VAN WERT CITY SCHOOLS

    $115,291

    OPERATING, GENERAL PURPOSES, MUSICAL DEPARTMENT, CEO PROGRAM, CURRENT EVENT EDUCATION, STADIUM RENOVATION PROJECT, AND SCHOLARSHIPS GRANTS

  • WASSENBERG ART CENTER ASSOCIATION

    $110,915

    OPERATING AND IMPROVEMENTS GRANT

  • NEW HORIZONS COMMUNITY CHURCH

    $45,000

    OPERATING GRANT AND GENERAL PURPOSES

  • CRESTVIEW LOCAL SCHOOLS

    $41,620

    EDUATOR TEACHING AIDS, SCHOLARSHIPS, INNOVATION WORKSHOP, LINCOLN ELECTRIC CNC PLASMA MACHINE, AND OPERATING GRANTS

  • OHIO HEALTH FOUNDATION

    $35,664

    OPERATING GRANT, SCHOLARSHIPS, AND GENERAL PURPOSES

  • VAN WERT COUNTY 4-H

    $35,000

    VAN WERT YOUTH DEVELOPMENT AWARDS

  • CULVER MILITARY ACADEMY

    $32,303

    SCHOLARSHIPS

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.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • CONANT BUILDING LLC

    N/A · REAL ESTATE INVESTMENT · OH · 51% owned · share of income $1,374 · share of assets $4,643,434 · general or managing partner

    Directly controlled by VAN WERT FORWARD MANAGING MEMBER LLC

  • VAN WERT FORWARD II LLC

    N/A · REAL ESTATE INVESTMENT · OH · 80% owned · share of income $42,503 · share of assets $12,938,545 · general or managing partner

    Directly controlled by VWF II STATE OZ LLC

  • 223 MAIN LLC

    N/A · REAL ESTATE INVESTMENT · OH · 80% owned · share of income $18,891 · share of assets $3,397,718 · general or managing partner

    Directly controlled by VWF II STATE OZ LLC

  • VWF II LEVERAGE LENDER LLC

    N/A · REAL ESTATE INVESTMENT · OH · 64.07% owned · share of income -$9,040 · share of assets $7,720,650 · general or managing partner

    Directly controlled by VAN WERT COUNTY FOUNDATION

Related corporations and trusts

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

  • VAN WERT FORWARD MANAGING MEMBER LLC

    C · DOWNTOWN REVITALIZATION · OH · 100% owned · share of income -$113,932 · share of assets $11,018,990

    Directly controlled by THE VAN WERT COUNTY FOUNDATION

  • VWF INC

    C · MANAGER OF VAN WERT FORWARD I LLC · OH · 100% owned · share of assets $1,824,715

    Directly controlled by THE VAN WERT COUNTY FOUNDATION

  • VWF INVESTOR LLC

    C · REAL ESTATE INVESTMENT · OH · 100% owned · share of income -$182,202 · share of assets $5,393,366

    Directly controlled by VWF INC

  • VWF II STATE OZ LLC

    C · REAL ESTATE INVESTMENT · OH · 100% owned · share of income $60,627 · share of assets $15,339,850

    Directly controlled by THE VAN WERT COUNTY FOUNDATION

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202523169349306772

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