Form 990 for tax year 2023
Filed by MANSFIELD-RICHLAND AREA EDU FNDTN INC.
Totals
- Total revenue
- $189,054
- Total expenses
- $128,083
- Contributions and grants received
- $119,313
- Grants paid
- $6,000
- Program service revenue
- $58,740
- Investment income
- $9,848
- Other revenue
- $1,153
- Total assets, end of year
- $549,157
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $549,157
- Program services expenses (Part IX)
- $117,344
- Management and general expenses
- $10,639
- Fundraising expenses
- $100
- Program service expenses (Part III)
- $117,344
Program services were 91.6% 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)
$11,597
-
1f · All other contributions, gifts and grants
$107,716
-
2a · Program service revenue: Program Fees
total $15,740 · related or exempt $15,740
-
2b · Program service revenue: Tuition
total $43,000 · related or exempt $43,000
-
3 · Investment income
total $9,848 · excluded $9,848
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$380
-
8c · Net income from fundraising events
total $380
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Credit Card Rewards
total $625 · related or exempt $625
-
11b · Other revenue: Other Income
total $148 · related or exempt $148
-
11e · Other revenue, total
$773
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $6,000 · program services $6,000
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $62,189 · program services $59,812 · management and general $2,377
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $695 · management and general $695
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $300 · management and general $300
-
11g · Fees: other
total $6,778 · program services $6,778
-
12 · Advertising and promotion
total $182 · program services $182
-
13 · Office expenses
total $117 · management and general $117
-
14 · Information technology
total $416 · program services $416
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $3,619 · program services $960 · management and general $2,659
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $14,416 · program services $12,324 · management and general $2,092
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $202 · management and general $202
-
23 · Insurance
total $0
-
24a · Other expenses: Capstone Project
total $13,269 · program services $13,269
-
24b · Other expenses: Program Meals
total $10,163 · program services $8,869 · management and general $1,294
-
24c · Other expenses: Program Supplies
total $6,383 · program services $6,357 · management and general $26
-
24d · Other expenses: Graduation Expense
total $1,203 · program services $1,203
-
24e · All other expenses
total $2,151 · program services $1,174 · management and general $877 · fundraising $100
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,229 · end of year $1,283
-
2 · Savings and temporary cash investments
beginning of year $22,199 · end of year $78,255
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $297
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$4,251
-
10b · Land, buildings and equipment: accumulated depreciation
$3,948
-
10c · Land, buildings and equipment, net
beginning of year $505 · end of year $303
-
11 · Investments: publicly traded securities
beginning of year $414,615 · end of year $469,019
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
27 · Net assets without donor restrictions
beginning of year $439,548 · end of year $549,157
Mission and programs · 2023
Mission
The Mansfield Richland Area Educational Foundation was incorporated June 16, 1980 by the Mansfield Richland Area Chamber & Economic Development to foster economic understanding, financial literacy and other areas for the benefit of Richland County. Mission Statement: The Mansfield Richland Area Educational Foundation's mission is to invest in our community's future success through impactful educational opportunities for both adults and youth focusing on leadership development, economics, and entrepreneurship.
-
Leadership Unlimited graduated 30 leaders in the class of 2024. The class explored key challenges and opportunities facing Richland County through a retreat, road rally, site visits, speakers, and experiential activities. Participants discussed ways to address community challenges, and many acted based on what they learned. Individuals analyzed leadership concepts each month and discussed how to apply them to their professional and civic roles. Two beautification capstone projects were completed.
Expenses $53,620 · Revenue $43,000
-
Young Leaders Institute was launched in October 2023 with 34 students representing every school district in Richland County. Young Leaders Institute (YLI) offered these high school sophomores an opportunity to grow as leaders, learn about career pathways, and explore their community over six program days. Students worked in groups to create community outreach strategies for the Sterkel Community Park for All.
Expenses $28,494
-
The Microsoft TechSpark initiative is designed to accelerate local economic opportunity across communities in the United States. Whether it is promoting digital skills and employability or job creation, TechSpark provides opportunities in places where talent often gets overlooked. The Richland Area Chamber & Economic Development/Richland Community Development Group/Mansfield-Richland Area Educational Foundation is representing Ohio in the Microsoft TechSpark program. In 2023-2024, the Chamber united businesses, government entities, K-12 school districts, and higher education around the common goal of creating and sustaining a digital education ecosystem. The initiative helped to create multiple programs impacting 300 young people and adults including Girls Who Code clubs, Teacher Technology Boot Camp, Code a Carnival Camp, Arduino camp, and Stellar Robotics' FIRST Robotics Competition.
Expenses $13,393 · Revenue $10
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Mary Frankenfield
Director
- Total calculated
- $0
- Hours/week
- 0.75
-
Susie Danuloff
Director
- Total calculated
- $0
- Hours/week
- 0.75
-
Kevin Vargyas
Director
- Total calculated
- $0
- Hours/week
- 0.75
-
Beth Myers
Director
- Total calculated
- $0
- Hours/week
- 0.75
-
Christen Dingess
Director
- Total calculated
- $0
- Hours/week
- 0.75
-
Gary George
Director
- Total calculated
- $0
- Hours/week
- 0.75
-
Jay Goyal
Director
- Total calculated
- $0
- Hours/week
- 0.75
-
Kristine Lindeman
Director
- Total calculated
- $0
- Hours/week
- 0.75
-
Jennifer Alt
Chairman
- Total calculated
- $0
- Hours/week
- 0.75
-
Kevin Kimmel
Vice President
- Total calculated
- $0
- Hours/week
- 0.75
-
DJ Daniels
Treasurer
- Total calculated
- $0
- Hours/week
- 0.75
-
Angela Cirone
Foundation Dir
- Total calculated
- $0
- Hours/week
- 40
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
-
$6,000
FIRST Robotics Competition
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530179349301003
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