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Nonprofiteer
← VAN WERT COUNTY FOUNDATION

Form 990 for tax year 2022

Filed by VAN WERT COUNTY FOUNDATION.

Totals

Total revenue
$4,303,175
Total expenses
$4,384,097
Contributions and grants received
$2,204,452
Grants paid
$3,350,966
Program service revenue
$0
Investment income
$842,341
Other revenue
$1,256,382
Total assets, end of year
$72,768,008
Total liabilities, end of year
$2,312,063
Net assets or fund balances, end of year
$70,455,945
Program services expenses (Part IX)
$3,708,531
Management and general expenses
$675,566
Fundraising expenses
$0
Program service expenses (Part III)
$3,708,531

Program services were 84.6% 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.

  • 1e · Government grants (contributions)

    $25,891

  • 1f · All other contributions, gifts and grants

    $2,178,561

  • 1g · Noncash contributions included above

    $3,146

  • 3 · Investment income

    total $1,039,612 · excluded $1,039,612

  • 6a · Gross rents

    real property $1,559,190

  • 6b · Less rental expenses

    real property $708,392

  • 6c · Rental income or loss

    real property $850,798

  • 6d · Net rental income or loss

    total $850,798 · excluded $850,798

  • 7a · Gross sales of assets other than inventory

    securities $2,882,362 · other assets $12,283,849

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

    securities $2,844,540 · other assets $12,518,942

  • 7c · Gain or loss

    securities $37,822 · other assets -$235,093

  • 7d · Net gain or loss

    total -$197,271 · excluded -$197,271

  • 11a · Other revenue: DEVELOPMENT FEE

    total $402,493 · excluded $402,493

  • 11b · Other revenue: MISCELLANEOUS

    total $3,091 · excluded $3,091

  • 11e · Other revenue, total

    $405,584

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,498,472 · program services $2,498,472

  • 2 · Grants to domestic individuals

    total $852,494 · program services $852,494

  • 5 · Compensation of officers, directors and key employees

    total $159,964 · program services $39,739 · management and general $120,225

  • 7 · Other salaries and wages

    total $360,804 · program services $39,808 · management and general $320,996

  • 8 · Pension plan contributions

    total $15,690 · program services $4,399 · management and general $11,291

  • 9 · Other employee benefits

    total $42,234 · program services $9,544 · management and general $32,690

  • 10 · Payroll taxes

    total $37,519 · program services $10,519 · management and general $27,000

  • 11b · Fees: legal

    total $503 · management and general $503

  • 11c · Fees: accounting

    total $39,850 · management and general $39,850

  • 11f · Fees: investment management

    total $14,913 · management and general $14,913

  • 11g · Fees: other

    total $30,358 · program services $17,395 · management and general $12,963

  • 12 · Advertising and promotion

    total $13,725 · program services $13,725

  • 13 · Office expenses

    total $15,890 · program services $4,767 · management and general $11,123

  • 14 · Information technology

    total $36,874 · program services $11,062 · management and general $25,812

  • 16 · Occupancy

    total $133,955 · program services $120,559 · management and general $13,396

  • 17 · Travel

    total $1,098 · management and general $1,098

  • 19 · Conferences, conventions and meetings

    total $273 · program services $273

  • 22 · Depreciation, depletion and amortization

    total $96,484 · program services $81,658 · management and general $14,826

  • 23 · Insurance

    total $11,706 · management and general $11,706

  • 24a · Other expenses: HOSPITALITY/MEALS

    total $9,173 · program services $3,917 · management and general $5,256

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $7,142 · management and general $7,142

  • 24c · Other expenses: MISCELLANEOUS

    total $4,776 · management and general $4,776

  • 24d · Other expenses: LICENSES/FEES/PERMITS

    total $200 · program services $200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,593 · end of year $866,235

  • 3 · Pledges and grants receivable

    beginning of year $99,853 · end of year $131,293

  • 4 · Accounts receivable

    beginning of year $682,064 · end of year $142,431

  • 7 · Other notes and loans receivable

    end of year $1,824,715

  • 8 · Inventories for sale or use

    beginning of year $267,379 · end of year $749,882

  • 9 · Prepaid expenses and deferred charges

    beginning of year $82,018 · end of year $133,770

  • 10a · Land, buildings and equipment: cost or other basis

    $13,513,476

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,835,361

  • 10c · Land, buildings and equipment, net

    beginning of year $12,775,144 · end of year $11,678,115

  • 11 · Investments: publicly traded securities

    beginning of year $65,581,429 · end of year $45,977,451

  • 12 · Investments: other securities

    beginning of year $4,540,808 · end of year $11,236,270

  • 15 · Other assets

    beginning of year $27,846 · end of year $27,846

  • 17 · Accounts payable and accrued expenses

    beginning of year $166,851 · end of year $200,100

  • 18 · Grants payable

    beginning of year $216,108 · end of year $4,164

  • 19 · Deferred revenue

    end of year $8,842

  • 21 · Escrow or custodial account liability

    beginning of year $606,244 · end of year $579,506

  • 25 · Other liabilities

    beginning of year $1,988,902 · end of year $1,519,451

  • 27 · Net assets without donor restrictions

    beginning of year $2,662,738 · end of year $2,930,794

  • 28 · Net assets with donor restrictions

    beginning of year $78,422,291 · end of year $67,525,151

Mission and programs · 2022

Mission

THE MISSION IS TO RECEIVE AND INVEST CONTRIBUTIONS TO FURTHER THE MENTAL, MORAL, INTELLECTUAL OR PHYSICAL WELFARE AND ADVANCEMENT OF CITIZENS OF VAN WERT COUNTY, OHIO AND SUCH OTHER AREAS AS DIRECTED BY A DONOR. THE VAN WERT COUNTY FOUNDATION TRANSFORMS QUALITY OF LIFE BY SUPPORTING PURPOSEFUL ENDOWMENTS, INSPIRING COLLECTIVE GROWTH, AND BUILDING INITIATIVES FOR THE FUTURE.

  • ALLOCATIONS TO CHARITABLE ORGANIZATIONS AND TO GOVERNMENTAL UNITS TO FURTHER THE MENTAL, MORAL, INTELLECTUAL OR PHYSICAL WELFARE AND ADVANCEMENT OF CITIZENS OF VAN WERT COUNTY, OHIO AND SUCH OTHER AREAS AS DIRECTED BY THE DONOR.

    Expenses $2,566,076 · Grants $2,229,467

  • SCHOLARSHIPS PROVIDED TO INDIVIDUALS IN VAN WERT, PAULDING, AND OTHER COUNTIES IN OHIO WHERE THE FOUNDATION HAS SIGNIFICANT INVOLVEMENT MONITORING QUALIFICATIONS.

    Expenses $852,494 · Grants $852,494

  • THE FOUNDATION PROMOTES THE ARTS THROUGH THE SUPPORT OF THE VAN WERT AREA PERFORMING ARTS FOUNDATION WHICH BRINGS PERFORMING ARTS ENTERTAINMENT TO VAN WERT COUNTY AT MULTIPLE VENUES AND ALSO THROUGH POWERING THE SUMMER MUSIC SERIES IN FOUNTAIN PARK IN DOWNTOWN VAN WERT. THE ARTS ARE ALSO PROMOTED BY THE FOUNDATION'S SUPPORT OF THE WASSENBERG ART CENTER, A NOT FOR PROFIT COMMUNITY ART CENTER.

    Expenses $289,961 · Grants $269,005

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gary Clay

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Brian Renner

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Mark White

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Tom Burenga

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Andy Czajkowski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Larry Greve

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Cindy Hurless

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Charles Koch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Thad Lichtensteiger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Randy Myers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bill Purmort

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tim Stoller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gary Taylor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tom Turnwald

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Eva Yarger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Seth Baker

    CEO

    Total calculated
    $132,464
    From this org
    $122,212
    From related orgs
    $0
    Other
    $10,252
    Hours/week
    40

  • Michael Holliday

    CFO

    Total calculated
    $27,500
    From this org
    $27,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

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

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

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • VAN WERT FORWARD MANAGING MEMBER LLC

    DOWNTOWN REVITALIZATION · OH

    Directly controlled by THE VAN WERT COUNTY FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202333179349308278

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