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← ABILITY CENTER OF GREATER TOLEDO SUPPORTING ORGANIZATION

Form 990 for tax year 2024

Filed by ABILITY CENTER OF GREATER TOLEDO SUPPORTING ORGANIZATION.

Totals

Total revenue
$3,429,336
Total expenses
$3,554,701
Contributions and grants received
$0
Grants paid
$3,538,789
Program service revenue
$0
Investment income
$3,429,336
Other revenue
$0
Total assets, end of year
$53,067,356
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$53,067,356
Program services expenses (Part IX)
$3,538,789
Management and general expenses
$15,912
Fundraising expenses
$0
Program service expenses (Part III)
$3,538,789

Program services were 99.6% 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 $1,268,865 · excluded $1,268,865

  • 7a · Gross sales of assets other than inventory

    securities $3,589,564

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

    securities $1,429,093

  • 7c · Gain or loss

    securities $2,160,471

  • 7d · Net gain or loss

    total $2,160,471 · excluded $2,160,471

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,538,789 · program services $3,538,789

  • 11c · Fees: accounting

    total $12,350 · management and general $12,350

  • 23 · Insurance

    total $3,278 · management and general $3,278

  • 24a · Other expenses: OHIO ANNUAL FILING FEES

    total $200 · management and general $200

  • 24b · Other expenses: BANK FEES

    total $84 · management and general $84

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,299 · end of year $1,387

  • 12 · Investments: other securities

    beginning of year $51,348,501 · end of year $53,065,969

  • 27 · Net assets without donor restrictions

    beginning of year $51,355,800 · end of year $53,067,356

Mission and programs · 2024

Mission

TO HOLD THE ASSETS OF TRUSTS, BEQUESTS, OR OTHER FUNDS THAT ARE RECEIVED BY THE ABILITY CENTER OF GREATER TOLEDO.

Activities or mission (Part I)

SEE SCHEDULE O.

  • FUNDS ALLOCATED PURSUANT TO CARRYING OUT THE ORGANIZATION'S EXEMPT PURPOSE, WHICH IS SOLELY TO HOLD AND DISTRIBUTE FUNDS TO THE ABILITY CENTER OF GREATER TOLEDO.

    Expenses $3,538,789 · Grants $3,538,789

As filed on the 2024 return.

Listed in Part VII

  • CRYSTAL DARNELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

  • GREG COOK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

  • ADRIENNE BELL

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.3 + 0.25 related

  • WILLIAM LOGIE

    CHAIR

    Total calculated
    $0
    Hours/week
    0.3 + 0.25 related

  • NICHOLAS KULIK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

  • JEREMY BIGELOW

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3 + 0.25 related

  • ROBERT THOMPSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

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

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
22 April 2026
IRS schema version
2024v5.5
Source object
202601839349300805

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