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Nonprofiteer
← FARMERS CHARITABLE FOUNDATION

Form 990 for tax year 2023

Filed by FARMERS CHARITABLE FOUNDATION.

Totals

Total revenue
$1,410,719
Total expenses
$851,780
Contributions and grants received
$1,326,770
Grants paid
$790,736
Program service revenue
$0
Investment income
$83,949
Other revenue
$0
Total assets, end of year
$9,640,914
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$9,640,914
Program services expenses (Part IX)
$790,736
Management and general expenses
$61,044
Fundraising expenses
$0
Program service expenses (Part III)
$790,736

Program services were 92.8% 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

    $1,326,770

  • 1g · Noncash contributions included above

    $954,940

  • 3 · Investment income

    total $238,506 · excluded $238,506

  • 7a · Gross sales of assets other than inventory

    securities $4,025,261

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

    securities $4,179,818

  • 7c · Gain or loss

    securities -$154,557

  • 7d · Net gain or loss

    total -$154,557 · excluded -$154,557

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $790,736 · program services $790,736

  • 11c · Fees: accounting

    total $1,075 · management and general $1,075

  • 11f · Fees: investment management

    total $57,006 · management and general $57,006

  • 24a · Other expenses: FOREIGN TAXES PAID

    total $2,526 · management and general $2,526

  • 24b · Other expenses: FILINGS FEES

    total $225 · management and general $225

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $212 · management and general $212

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $812,536 · end of year $694,383

  • 11 · Investments: publicly traded securities

    beginning of year $7,537,369 · end of year $8,946,531

  • 27 · Net assets without donor restrictions

    beginning of year $8,209,464 · end of year $9,495,719

  • 28 · Net assets with donor restrictions

    beginning of year $140,441 · end of year $145,195

Mission and programs · 2023

Mission

THE MISSION AND PURPOSE OF THE CORPORATION IS TO BE ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"), INCLUDING, IN FURTHERANCE OF SUCH PURPOSES, BUT WITHOUT LIMITATION THEREON, HOLDING, INVESTING, AND ADMINISTERING ASSETS RECEIVED AS CHARITABLE GIFTS, BEQUESTS, AND CONTRIBUTIONS AND USING SUCH ASSETS OR THE INCOME THEREFROM BY MAKING GRANTS AND OTHER DISTRIBUTIONS TO FACILITATE, SUPPORT, AND INCREASE CHARITABLE ACTIVITIES IN THE FOLLOWING AREAS: HEALTH AND HUMAN SERVICES; CHILDREN, YOUTH, AND FAMILIES; SOCIAL WELFARE; EDUCATION; SCIENTIFIC RESEARCH; CULTURE, ARTS, AND HUMANITIES; RELIGION; CIVIC AND COMMUNITY AFFAIRS; ENVIRONMENT; WILDLIFE AND ANIMALS; AND OTHER CHARITABLE ACTIVITIES THAT SUPPORT CAUSES WHICH REPRESENT THE PHILANTHROPIC WISHES OF DONORS OF FARMERS CHARITABLE FOUNDATION.

  • MADE GRANTS TO CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC ORGANIZATIONS IN FURTHERANCE OF EACH RECIPIENT'S EXEMPT PURPOSE. (OVER 200 ORGANIZATIONS RECEIVED GRANTS IN 2023.)

    Expenses $790,736 · Grants $790,736

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kevin Helmick

    CHAIRMAN

    Total calculated
    $1,199,058
    From this org
    $0
    From related orgs
    $1,172,985
    Other
    $26,073
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $1,172,985 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $26,073 related
    Filer's total
    $0 + $1,199,058 related

  • Amber Wallace Soukenik

    SECRETARY

    Total calculated
    $463,680
    From this org
    $0
    From related orgs
    $450,598
    Other
    $13,082
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $450,598 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $13,082 related
    Filer's total
    $0 + $463,680 related

  • Mark Wenick

    DIRECTOR

    Total calculated
    $437,073
    From this org
    $0
    From related orgs
    $412,636
    Other
    $24,437
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $412,636 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $24,437 related
    Filer's total
    $0 + $437,073 related

  • Troy Adair

    DIRECTOR

    Total calculated
    $510,201
    From this org
    $0
    From related orgs
    $485,275
    Other
    $24,926
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $485,275 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $24,926 related
    Filer's total
    $0 + $510,201 related

  • James Gasior

    DIRECTOR

    Total calculated
    $505,256
    From this org
    $0
    From related orgs
    $477,675
    Other
    $27,581
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $477,675 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $27,581 related
    Filer's total
    $0 + $505,256 related

  • Juan Santiago

    DIRECTOR

    Total calculated
    $97,070
    From this org
    $0
    From related orgs
    $76,687
    Other
    $20,383
    Hours/week
    1

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

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

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.

  • FARMERS NATIONAL BANC CORPORATION

    C · BANK HOLDING COMPANY · OH

  • FARMERS NATIONAL BANK

    C · BANK · OH

  • FARMERS TRUST COMPANY

    C · TRUST COMPANY · OH

Provenance

Return type
form_990
Tax year
2023
Filed
3 June 2024
IRS schema version
2023v5.0
Source object
202441709349301364

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