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← FG FOUNDATION

Form 990 for tax year 2024

Filed by FG FOUNDATION.

Totals

Total revenue
$356,097
Total expenses
$338,000
Contributions and grants received
$0
Grants paid
$305,000
Program service revenue
$0
Investment income
$356,097
Other revenue
$0
Total assets, end of year
$10,393,237
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$10,393,237
Program services expenses (Part IX)
$305,000
Management and general expenses
$33,000
Fundraising expenses
$0
Program service expenses (Part III)
$305,000

Program services were 90.2% 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.

  • 3 · Investment income

    total $356,097 · excluded $356,097

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $305,000 · program services $305,000

  • 11a · Fees: management

    total $29,000 · management and general $29,000

  • 11c · Fees: accounting

    total $3,800 · management and general $3,800

  • 24a · Other expenses: FILING FEES

    total $200 · management and general $200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $465,783 · end of year $484,668

  • 4 · Accounts receivable

    beginning of year $788

  • 12 · Investments: other securities

    beginning of year $9,732,804 · end of year $9,908,569

  • 27 · Net assets without donor restrictions

    beginning of year $10,199,375 · end of year $10,393,237

Mission and programs · 2024

Mission

THE FG FOUNDATION IS A SUPPORTING ORGANIZATION OF THE COLUMBUS FOUNDATION. THE PURPOSE OF THE FG FOUNDATION IS TO SUPPORT CHARITABLE ORGANIZATIONS WHICH BENEFIT THE COMMUNITY.

Activities or mission (Part I)

THE PURPOSE OF THE FG FOUNDATION IS TO SUPPORT CHARITABLE ORGANIZATIONS WHICH BENEFIT THE COMMUNITY.

  • SOCIAL SERVICES

    Expenses $140,000 · Grants $140,000

  • HEALTH

    Expenses $140,000 · Grants $140,000

  • CONSERVATION

    Expenses $20,000 · Grants $20,000

  • RELIGION

    Expenses $5,000 · Grants $5,000

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

Listed in Part VII

  • Robert L Fox

    CHAIR/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John B Gerlach Jr

    PRES/VICE CHAIR/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James E Kunk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David P Lauer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rl Richards

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Douglas F Kridler

    SECRETARY

    Total calculated
    $1,012,706
    From this org
    $0
    From related orgs
    $905,239
    Other
    $107,467
    Hours/week
    0.5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $545,287 related
    Bonus
    $0 + $300,000 related
    Other
    $0 + $59,952 related
    Deferred
    $0 + $84,500 related
    Nontaxable benefits
    $0 + $22,967 related
    Filer's total
    $0 + $1,012,706 related

  • Scott Heitkamp

    TREASURER

    Total calculated
    $381,890
    From this org
    $0
    From related orgs
    $318,492
    Other
    $63,398
    Hours/week
    0.5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $318,492 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $32,888 related
    Nontaxable benefits
    $0 + $30,510 related
    Filer's total
    $0 + $381,890 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.

Provenance

Return type
form_990
Tax year
2024
Filed
6 May 2025
IRS schema version
2024v5.1
Source object
202511339349302356

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