Form 990 for tax year 2023
Filed by ABILITY CENTER OF GREATER TOLEDO SUPPORTING ORGANIZATION.
Totals
- Total revenue
- $3,596,724
- Total expenses
- $3,655,072
- Contributions and grants received
- $0
- Grants paid
- $3,639,185
- Program service revenue
- $0
- Investment income
- $3,596,724
- Other revenue
- $0
- Total assets, end of year
- $51,355,800
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $51,355,800
- Program services expenses (Part IX)
- $3,639,185
- Management and general expenses
- $15,887
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,639,185
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 $1,677,811 · excluded $1,677,811
-
7a · Gross sales of assets other than inventory
securities $3,689,165
-
7b · Less cost or other basis and sales expenses
securities $1,770,252
-
7c · Gain or loss
securities $1,918,913
-
7d · Net gain or loss
total $1,918,913 · excluded $1,918,913
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,639,185 · program services $3,639,185
-
11c · Fees: accounting
total $12,150 · management and general $12,150
-
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: MISCELLANEOUS
total $175 · management and general $175
-
24c · Other expenses: BANK FEES
total $84 · management and general $84
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,186 · end of year $7,299
-
12 · Investments: other securities
beginning of year $44,372,584 · end of year $51,348,501
-
27 · Net assets without donor restrictions
beginning of year $44,375,770 · end of year $51,355,800
Mission and programs · 2023
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 $3,639,185 · Grants $3,639,185
As filed on the 2023 return.
Listed in Part VII
-
Jennifer SchaeferJENNIFER SCHAEFER
CHAIR
- Total calculated
- $0
- Hours/week
- 0.3 + 0.25 related
-
Tom McArdleTOM MCARDLE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.3
-
Adrienne BellADRIENNE BELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3 + 0.25 related
-
William LogieWILLIAM LOGIE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3 + 0.25 related
-
Paul KwapichPAUL KWAPICH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
Jeremy BigelowJEREMY BIGELOW
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3 + 0.25 related
-
Lowell JaffeLOWELL JAFFE
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
-
ABILITY CENTER OF GREATER TOLEDO
$3,639,185
TO DISTRIBUTE FUNDS TO THE ABILITY CENTER OF GREATER TOLEDO
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.
-
THE ABILITY CENTER OF GREATER TOLEDO
501(C)(3) · TO PROVIDE SERVICE FOR PEOPLE WITH DISABILITIES · OH
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 25 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530979349300108
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