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Nonprofiteer
← TOLEDO PUBLIC SCHOOLS FOUNDATION

Form 990 for tax year 2023

Filed by TOLEDO PUBLIC SCHOOLS FOUNDATION.

Totals

Total revenue
$883,914
Total expenses
$819,243
Contributions and grants received
$893,080
Grants paid
$765,511
Program service revenue
$0
Investment income
$46,734
Other revenue
-$55,900
Total assets, end of year
$1,464,167
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,464,167
Program services expenses (Part IX)
$773,516
Management and general expenses
$28,162
Fundraising expenses
$17,565
Program service expenses (Part III)
$773,516

Program services were 94.4% 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.

  • 1c · Fundraising events

    $273,504

  • 1f · All other contributions, gifts and grants

    $619,576

  • 3 · Investment income

    total $44,728 · excluded $44,728

  • 7a · Gross sales of assets other than inventory

    securities $2,006

  • 7c · Gain or loss

    securities $2,006

  • 7d · Net gain or loss

    total $2,006 · related or exempt $2,006

  • 8a · Fundraising events: contributions included on line 1c

    $273,504

  • 8b · Fundraising events: direct expenses

    $55,900

  • 8c · Net income from fundraising events

    total -$55,900 · excluded -$55,900

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $554,595 · program services $554,595

  • 2 · Grants to domestic individuals

    total $210,916 · program services $210,916

  • 7 · Other salaries and wages

    total $2,628 · program services $657 · management and general $394 · fundraising $1,577

  • 11c · Fees: accounting

    total $10,240 · management and general $10,240

  • 11f · Fees: investment management

    total $6,909 · management and general $6,909

  • 11g · Fees: other

    total $17,391 · program services $4,348 · management and general $2,609 · fundraising $10,434

  • 12 · Advertising and promotion

    total $5,554 · fundraising $5,554

  • 13 · Office expenses

    total $1,722 · management and general $1,722

  • 14 · Information technology

    total $1,625 · management and general $1,625

  • 17 · Travel

    total $121 · management and general $121

  • 23 · Insurance

    total $1,045 · management and general $1,045

  • 24a · Other expenses: OPERATIONS EXPENSE

    total $593 · management and general $593

  • 24b · Other expenses: BANK FEES

    total $960 · management and general $960

  • 24c · Other expenses: SCHOLARSHIP APPLICATION FEES

    total $3,000 · program services $3,000

  • 24d · Other expenses: MEMBERSHIP EXPENSES

    total $1,229 · management and general $1,229

  • 24e · All other expenses

    total $715 · management and general $715

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $813,978 · end of year -$65,907

  • 2 · Savings and temporary cash investments

    end of year $923,409

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,367

  • 11 · Investments: publicly traded securities

    beginning of year $533,927 · end of year $606,665

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,521

  • 27 · Net assets without donor restrictions

    beginning of year $628,817 · end of year $755,233

  • 28 · Net assets with donor restrictions

    beginning of year $708,934 · end of year $708,934

Mission and programs · 2023

Mission

THE MISSION OF THE TOLEDO PUBLIC SCHOOLS FOUNDATION IS TO PROMOTE QUALITY PUBLIC EDUCATION THROUGH SUPPLEMENTAL FUNDING FOR PROGRAMS, SCHOLARSHIPS, AND ACADEMIC INITIATIVES.

  • THE ORGANIZATION SUPPORTS THE TOLEDO PUBLIC SCHOOLS STUDENTS AND EDUCATORS. THEY AWARD SCHOLARSHIPS TO OUTSTANDING AND DESERVING STUDENTS WITHIN THE TOLEDO PUBLIC SCHOOLS DISTRICT. THEY ALSO AWARD GRANTS TO TOLEDO PUBLIC SCHOOLS TEACHERS FOR SPECIFIC PROGRAMS.FOR THE FISCAL YEAR THERE WERE SCHOLARSHIPS AWARDED TO 59 TOLEDO PUBLIC SCHOOL STUDENTS REPRESENTING 10 HIGH SCHOOLS WITHIN THE DISTRICT. THERE WERE ALSO 25 CREATIVE IMPACT GRANTS AWARDED THAT ARE DESIGNED TO ENABLE TEACHERS TO BRING INNOVATIVE AND EXICTING IDEAS, TECHNIQUES AND RESOURCES INTO THE CLASSROOM. THE FOUNDATIONS BRIDGE FUND SUPPORTED STUDENTS BY: (1) BY SENDING STUDENTS TO THE CYBER SECURITY YOUTH CAMP; (2) WE ALSO SENT STUDENTS TO JUNIOR NATIONALS YOUNG LEADERS CONFERENCE; (3) ADDITONALLY WE SENT STUDENTS TO THE CADET AND JUNIOR NATIONAL CHAMPIONS WRESTLING TOURNAMENT.

    Expenses $773,516 · Grants $765,511

As filed on the 2023 return.

Listed in Part VII

  • Christine Sweeney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Marcio Sandri

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Emilio Ramirez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kevin Dalton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Geoff Hunter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Daniel Brown-Martinez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Emily Morrison Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Romules Durant PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Christine Varwig

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dennis Hopson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Theresa Gabriel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robert Clark

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Adam Motycka Esq

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Matthew Mishler

    SECRETARY

    Total calculated
    $0
    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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202501359349303510

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