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Nonprofiteer
← SOLAR TOLEDO NEIGHBORHOOD FOUNDATION

Form 990 for tax year 2022

Filed by SOLAR TOLEDO NEIGHBORHOOD FOUNDATION.

Totals

Total revenue
$437,600
Total expenses
$295,069
Contributions and grants received
$166,667
Grants paid
$0
Program service revenue
$270,370
Investment income
$563
Other revenue
$0
Total assets, end of year
$4,858,465
Total liabilities, end of year
$739,473
Net assets or fund balances, end of year
$4,118,992
Program services expenses (Part IX)
$291,965
Management and general expenses
$3,104
Fundraising expenses
$0
Program service expenses (Part III)
$291,965

Program services were 98.9% 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

    $166,667

  • 2a · Program service revenue: SOLAR ENERGY INITIATIV

    total $270,370 · related or exempt $270,370

  • 3 · Investment income

    total $563 · excluded $563

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $1,370 · management and general $1,370

  • 11c · Fees: accounting

    total $1,534 · management and general $1,534

  • 20 · Interest

    total $33,273 · program services $33,273

  • 22 · Depreciation, depletion and amortization

    total $195,800 · program services $195,800

  • 23 · Insurance

    total $4,858 · program services $4,858

  • 24a · Other expenses: SERVICE CONTRACT AND RE

    total $46,463 · program services $46,463

  • 24b · Other expenses: PROGRAM INITIATIVE COST

    total $11,571 · program services $11,571

  • 24e · All other expenses

    total $200 · management and general $200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $131,688 · end of year $298,825

  • 2 · Savings and temporary cash investments

    beginning of year $41,001 · end of year $41,064

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

    $4,909,905

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

    $391,329

  • 10c · Land, buildings and equipment, net

    beginning of year $4,692,697 · end of year $4,518,576

  • 24 · Unsecured notes and loans payable

    beginning of year $888,925 · end of year $739,473

  • 28 · Net assets with donor restrictions

    beginning of year $3,976,461 · end of year $4,118,992

Mission and programs · 2022

Mission

TO SUPPORT THE SURROUNDING COMMUNITY USING PROCEEDS FROM A SOLAR INSTALLATION PROJECT TO PROVIDE ASSISTANCE IN LOCAL WORKFORCE DEVELOPMENT, EDUCATIONAL PROGRAMS, AND BLIGHT REDUCTION GRANTS.

Activities or mission (Part I)

AS A SUPPORTING ORGANIZATION OF THE TOLEDO COMMUNITY FOUNDATION, INC., THE EXEMPT PURPOSE OF THE ORGANIZATION IS TO FURTHER THE MISSION OF THE TOLEDO COMMUNITY FOUNDATION, INC. IN SERVING THE PEOPLE OF NORTHWEST OHIO AND SOUTHEAST MICHIGAN BY PROVIDING DISTRIBUTIONS EXCLUSIVELY TO THE TOLEDO COMMUNITY FOUNDATION, INC.

  • THE SOLAR TOLEDO NEIGHBORHOOD FOUNDATION WAS CREATED TO MAINTAIN A SOLAR INSTALLATION PROJECT WHOSE PROCEEDS FROM THE SALE OF ELECTRICITY WILL BE REINVESTED IN THE SURROUNDING COMMUNITY THROUGH GRANTS THAT WILL SUPPORT LOCAL WORKFORCE DEVELOPMENT, EDUCATIONAL PROGRAMS, AND BLIGHT REDUCTION.A NEARLY 3-MW SOLAR ARRAY PRODUCES CLEAN, RENEWABLE ELECTRICITY FOR A 300,000 SQ. FT AXLE ASSEMBLY OPERATION AND GENERATES REVENUE FOR THE FOUNDATION TO REINVEST IN THE SURROUNDING AREAS THROUGH GRANTS AND LOCAL NONPROFITS.

    Expenses $291,965 · Revenue $270,370

As filed on the 2022 return.

Listed in Part VII

  • Mr Scott A Estes

    CHAIR

    Total calculated
    $0
    Hours/week
    0.25

  • Mr Thomas J Winston

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25

  • Mr Paul L Toth

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • Mr L Zac Isaac

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Mr Keith Burwell

    TREASURER

    Total calculated
    $327,450
    From this org
    $0
    From related orgs
    $269,786
    Other
    $57,664
    Hours/week
    0.25 + 53.25 related

    Schedule J breakdown matched by us

    Base
    $0 + $251,036 related
    Bonus
    $0 + $18,750 related
    Other
    $0
    Deferred
    $0 + $46,405 related
    Nontaxable benefits
    $0 + $11,259 related
    Filer's total
    $0 + $327,450 related

  • Ms Kim Cryan

    CFO

    Total calculated
    $215,503
    From this org
    $0
    From related orgs
    $173,308
    Other
    $42,195
    Hours/week
    0.25 + 46.25 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,308 related
    Bonus
    $0 + $6,000 related
    Other
    $0
    Deferred
    $0 + $31,014 related
    Nontaxable benefits
    $0 + $11,181 related
    Filer's total
    $0 + $215,503 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations 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
2022
Filed
20 October 2023
IRS schema version
2022v5.0
Source object
202333149349302273

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