Form 990 for tax year 2023
Filed by MIDDLETOWN COMMUNITY FOUNDATION.
Totals
- Total revenue
- $2,196,744
- Total expenses
- $2,690,393
- Contributions and grants received
- $597,296
- Grants paid
- $2,047,840
- Program service revenue
- $80,149
- Investment income
- $1,515,196
- Other revenue
- $4,103
- Total assets, end of year
- $40,685,800
- Total liabilities, end of year
- $6,497,555
- Net assets or fund balances, end of year
- $34,188,245
- Program services expenses (Part IX)
- $2,137,835
- Management and general expenses
- $447,510
- Fundraising expenses
- $105,048
- Program service expenses (Part III)
- $2,137,835
Program services were 79.5% 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.
-
1b · Membership dues
$77,054
-
1f · All other contributions, gifts and grants
$520,242
-
2a · Program service revenue: ADM FEES FOR AGENCY ACCOUNTS
total $66,594 · related or exempt $66,594
-
2b · Program service revenue: SCHOLARSHIP FEES
total $13,555 · related or exempt $13,555
-
3 · Investment income
total $944,241 · excluded $944,241
-
7a · Gross sales of assets other than inventory
securities $570,955
-
7c · Gain or loss
securities $570,955
-
7d · Net gain or loss
total $570,955 · related or exempt $570,955
-
11a · Other revenue: ANNUAL MEETING
total $3,325 · related or exempt $3,325
-
11b · Other revenue: INSURANCE INCOME (LOSS)
total $778 · excluded $778
-
11e · Other revenue, total
$4,103
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,696,485 · program services $1,696,485
-
2 · Grants to domestic individuals
total $351,355 · program services $351,355
-
5 · Compensation of officers, directors and key employees
total $144,663 · program services $28,932 · management and general $86,798 · fundraising $28,933
-
7 · Other salaries and wages
total $120,939 · program services $24,189 · management and general $72,563 · fundraising $24,187
-
8 · Pension plan contributions
total $8,697 · program services $1,740 · management and general $5,218 · fundraising $1,739
-
9 · Other employee benefits
total $5,049 · program services $1,010 · management and general $3,029 · fundraising $1,010
-
10 · Payroll taxes
total $20,096 · program services $4,019 · management and general $12,058 · fundraising $4,019
-
11b · Fees: legal
total $11,668 · management and general $11,668
-
11c · Fees: accounting
total $37,829 · management and general $37,829
-
11f · Fees: investment management
total $89,108 · management and general $89,108
-
11g · Fees: other
total $24,406 · program services $779 · management and general $22,849 · fundraising $778
-
12 · Advertising and promotion
total $27,946 · program services $279 · management and general $13,694 · fundraising $13,973
-
13 · Office expenses
total $59,792 · program services $13,603 · management and general $32,584 · fundraising $13,605
-
16 · Occupancy
total $46,502 · program services $11,625 · management and general $23,251 · fundraising $11,626
-
19 · Conferences, conventions and meetings
total $16,362 · program services $1,068 · management and general $14,227 · fundraising $1,067
-
22 · Depreciation, depletion and amortization
total $3,400 · program services $680 · management and general $680 · fundraising $2,040
-
23 · Insurance
total $10,356 · program services $2,071 · management and general $6,214 · fundraising $2,071
-
24a · Other expenses: MEMBERSHIPS/ PUBLICATIONS
total $7,454 · management and general $7,454
-
24b · Other expenses: MISCELLANEOUS
total $5,813 · management and general $5,813
-
24c · Other expenses: BANK CHARGES AND FEES
total $1,623 · management and general $1,623
-
24d · Other expenses: TRAINING AND DEVELOPMENT
total $850 · management and general $850
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $379,847 · end of year $472,574
-
3 · Pledges and grants receivable
beginning of year $401,294
-
10a · Land, buildings and equipment: cost or other basis
$48,934
-
10b · Land, buildings and equipment: accumulated depreciation
$45,385
-
10c · Land, buildings and equipment, net
beginning of year $6,950 · end of year $3,549
-
11 · Investments: publicly traded securities
beginning of year $37,623,686 · end of year $39,979,706
-
12 · Investments: other securities
beginning of year $75,511
-
15 · Other assets
beginning of year $262,305 · end of year $229,971
-
17 · Accounts payable and accrued expenses
beginning of year $15,116 · end of year $16,860
-
18 · Grants payable
beginning of year $50,000 · end of year $325
-
21 · Escrow or custodial account liability
beginning of year $5,286,673 · end of year $6,421,269
-
25 · Other liabilities
beginning of year $92,213 · end of year $59,101
-
27 · Net assets without donor restrictions
beginning of year $14,584,343 · end of year $14,207,371
-
28 · Net assets with donor restrictions
beginning of year $18,721,248 · end of year $19,980,874
Mission and programs · 2023
Mission
TO SECURE PERMANENT AND GROWING ASSETS FOR THE AREA'S CHANGING NEEDS.
-
RECEIVE, MANAGE AND DISTRIBUTE CHARITABLE GIFTS ON BEHALF OF DONORS TO SUPPORT LOCAL CHARITIES; SUPPORT COMMUNITY PROGRAMS AND PROJECTS WITH CHARITABLE GRANTS; TEACH PHILANTROPHY TO TEENAGE MEMBERS OF THE YOUTH ADVISORY COUNCIL.
Expenses $1,772,014 · Grants $1,696,485 · Revenue $66,594
-
AWARD SCHOLARSHIPS AND ACADEMIC AWARDS TO HIGH SCHOOL STUDENTS AND ADULTS RETURNING TO COLLEGE. THE ORGANIZATION GRANTED 257 SCHOLARSHIPS.
Expenses $365,821 · Grants $351,355 · Revenue $13,555
As filed on the 2023 return.
Listed in Part VII
-
Sarah NathanSARAH NATHAN
EXECUTIVE DI
- Total calculated
- $144,663
- From this org
- $138,163
- From related orgs
- $0
- Other
- $6,500
- Hours/week
- 40
-
King AmyKING AMY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Erhart AngelaERHART ANGELA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brockman BethBROCKMAN BETH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Evans CatherineEVANS CATHERINE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Romans Kathleen DobrozsiROMANS KATHLEEN DOBROZSI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Hurley DustinHURLEY DUSTIN
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Yauch ElizabethYAUCH ELIZABETH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Debiasi FredDEBIASI FRED
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Burton JakeBURTON JAKE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Zollett JaredZOLLETT JARED
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Graft JonGRAFT JON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Wourms KathleenWOURMS KATHLEEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nichols MarcosNICHOLS MARCOS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Casey MoiraCASEY MOIRA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Cohen NeilCOHEN NEIL
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Edwards PatrickEDWARDS PATRICK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Miller ShaneMILLER SHANE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Hightower StephenHIGHTOWER STEPHEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Stewart VerlenaSTEWART VERLENA
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
-
BUTLER COUNTY EDUCATIONAL SERVICES
$297,400
-
SHRINERS CHILDREN'S OHIO
$175,539
-
MIAMI UNIVERSITY
$128,767
-
ATRIUM MEDICAL CENTER FOUNDATION ATRIUM MEDICAL CENTER FOUNDATION
$57,326
-
JUNIOR ACHIEVEMENT - MIDDLETOWN
$36,587
-
MOUNT PLEASANT LIFE CARE FUND
$34,381
-
$27,590
-
$27,338
-
MADISON TOWNSHIP
$25,000
-
SORG OPERA REVITALIZATION GROUP
$24,000
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.
-
501C2 · REAL EST · OH
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.
-
MWS LLC
INACTIVE · OH
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 August 2024
- IRS schema version
- 2023v5.0
- Source object
- 202403059349302680
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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