Form 990 for tax year 2024
Filed by THE NORTHERN CINCINNATI FOUNDATION.
Totals
- Total revenue
- $10,733,417
- Total expenses
- $2,986,820
- Contributions and grants received
- $9,615,246
- Grants paid
- $2,377,138
- Program service revenue
- $265,235
- Investment income
- $852,936
- Other revenue
- $0
- Total assets, end of year
- $33,769,376
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $33,769,376
- Program services expenses (Part IX)
- $2,504,780
- Management and general expenses
- $194,304
- Fundraising expenses
- $287,736
- Program service expenses (Part III)
- $2,504,780
Program services were 83.9% 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
$9,615,246
-
1g · Noncash contributions included above
$4,619,961
-
2a · Program service revenue: ADMINISTRATIVE FEES
total $265,235 · related or exempt $265,235
-
3 · Investment income
total $701,854 · excluded $701,854
-
7a · Gross sales of assets other than inventory
securities $8,615,110
-
7b · Less cost or other basis and sales expenses
securities $8,464,028
-
7c · Gain or loss
securities $151,082
-
7d · Net gain or loss
total $151,082 · excluded $151,082
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,227,890 · program services $2,227,890
-
2 · Grants to domestic individuals
total $149,248 · program services $149,248
-
5 · Compensation of officers, directors and key employees
total $269,979 · program services $94,494 · management and general $53,996 · fundraising $121,489
-
10 · Payroll taxes
total $20,617 · program services $7,216 · management and general $4,123 · fundraising $9,278
-
11c · Fees: accounting
total $14,410 · management and general $10,800 · fundraising $3,610
-
11f · Fees: investment management
total $95,881 · management and general $95,881
-
11g · Fees: other
total $7,413 · program services $363 · management and general $1,270 · fundraising $5,780
-
12 · Advertising and promotion
total $45,000 · fundraising $45,000
-
13 · Office expenses
total $16,892 · program services $5,557 · management and general $5,778 · fundraising $5,557
-
16 · Occupancy
total $13,112 · program services $4,304 · management and general $4,304 · fundraising $4,504
-
17 · Travel
total $2,830 · fundraising $2,830
-
22 · Depreciation, depletion and amortization
total $7,177 · program services $1,435 · management and general $5,024 · fundraising $718
-
23 · Insurance
total $7,632 · program services $2,672 · management and general $1,527 · fundraising $3,433
-
24a · Other expenses: DEVELOPMENT/FUNDRAISING
total $66,983 · fundraising $66,983
-
24b · Other expenses: EQUIPMENT RENTAL & MAINT.
total $38,671 · program services $11,601 · management and general $11,601 · fundraising $15,469
-
24c · Other expenses: ORGANIZATIONAL DUES
total $3,085 · fundraising $3,085
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $3,026,389 · end of year $4,577,954
-
10a · Land, buildings and equipment: cost or other basis
$254,590
-
10b · Land, buildings and equipment: accumulated depreciation
$29,591
-
10c · Land, buildings and equipment, net
beginning of year $232,176 · end of year $224,999
-
11 · Investments: publicly traded securities
beginning of year $21,641,812 · end of year $28,966,423
-
27 · Net assets without donor restrictions
beginning of year $24,900,377 · end of year $33,769,376
Mission and programs · 2024
Mission
TRANSFORMING GENEROSITY INTO IMPACT BY ENCOURAGING, SUPPORTING, AND FACILITATING PHILANTHROPY TO CREATE MORE VIBRANT COMMUNITIES IN NORTHERN CINCINNATI.
-
THE NORTHERN CINCINNATI FOUNDATION GRANTS OVER 1M ANNUALLY THROUGH SCHOLARSHIPS AND DONOR FUNDS TO SUPPORT LOCAL AND NATIONAL CHARITABLE CAUSES.
Expenses $2,444,530 · Grants $2,317,138 · Revenue $265,235
-
THE HERE FOR GOOD INITIATIVE IS A PROGRAM DESIGNED TO ENHANCE THE LONG-TERM FINANCIAL STABILITY OF LOCAL NON-PROFITS BY HELPING THEM ESTABLISH ENDOWMENT FUNDS. THE PROGRAM DRAWS FROM THE FOUNDATION'S OWN SUCCESS IN BUILDING A SUSTAINABLE FUNDING MODEL, SHIFTING FROM ANNUAL FUNDRAISING TO A FUTURE-FOCUSED STRATEGY. WITH THIS INITIATIVE, THE FOUNDATION PROVIDES UP TO 100,000 IN ENDOWMENT GRANT FUNDING TO SELECTED NON-PROFITS, OFFERING FIDUCIARY SERVICES, DONOR MOBILIZATION, AND STRATEGIC CAMPAIGN SUPPORT. THE HERE FOR GOOD INITIATIVE UNDERSCORES THE FOUNDATION'S COMMITMENT TO FOSTERING LASTING COMMUNITY IMPACT BY EQUIPPING NON-PROFITS WITH THE RESOURCES NEEDED TO THRIVE IN THE LONG RUN.
Expenses $60,250 · Grants $60,000
As filed on the 2024 return.
Listed in Part VII
-
Erin SatzgerERIN SATZGER
PRESIDENT &
- Total calculated
- $144,200
- From this org
- $140,000
- From related orgs
- $0
- Other
- $4,200
- Hours/week
- 40
-
Karen GibbsKAREN GIBBS
VICE PRESIDE
- Total calculated
- $73,250
- From this org
- $73,250
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Nancy FisterNANCY FISTER
VP OF FINANC
- Total calculated
- $52,529
- From this org
- $51,000
- From related orgs
- $0
- Other
- $1,529
- Hours/week
- 20
-
Dan BenhaseDAN BENHASE
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeanne BraunsJEANNE BRAUNS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Dave BrunoDAVE BRUNO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Nick EngerNICK ENGER
BOARD VICE-C
- Total calculated
- $0
- Hours/week
- 0.5
-
Ben HelwigBEN HELWIG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Gail Jackson-MillerGAIL JACKSON-MILLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Ian MurrayIAN MURRAY
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Ray MurrayRAY MURRAY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Seth PriestleSETH PRIESTLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Carol RussellCAROL RUSSELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Bill SchumackerBILL SCHUMACKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Kris TitkoDR KRIS TITKO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
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
-
SUBMARINE CINCINNATI MEMORIAL ASSOC
$1,108,103
CONST & OPERATIONS
-
ST SUSANNA CATHOLIC CHURCH
$121,967
CONST & GENERAL
-
$65,000
OPERATING SUPPORT
-
ILLINOIS STATE UNIV FOUNDATION
$64,455
FINANCIAL LITERACY
-
OPERATING SUPPORT
-
RESEARCH & PATIENT C
-
$44,000
OPERATING SUPPORT
-
WEST CHESTER TOWNSHIP
$33,410
COMMUNITY EVENTS
-
$30,400
IGNITE PHILANTHROPY
-
$30,000
GENERAL DONATION
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202513199349302131
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