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Nonprofiteer
← FOUNDATION OF FIRELANDS

Form 990 for tax year 2024

Filed by FOUNDATION OF FIRELANDS.

Totals

Total revenue
$4,100,586
Total expenses
$511,905
Contributions and grants received
$4,640
Grants paid
$0
Program service revenue
$0
Investment income
$4,129,727
Other revenue
-$33,781
Total assets, end of year
$50,279,558
Total liabilities, end of year
$1,037,902
Net assets or fund balances, end of year
$49,241,656
Program services expenses (Part IX)
$364,744
Management and general expenses
$147,161
Fundraising expenses
$0
Program service expenses (Part III)
$364,744

Program services were 71.3% 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

    $4,640

  • 3 · Investment income

    total $3,552,734 · excluded $3,552,734

  • 7a · Gross sales of assets other than inventory

    securities $2,575,393

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

    securities $1,998,400

  • 7c · Gain or loss

    securities $576,993

  • 7d · Net gain or loss

    total $576,993 · excluded $576,993

  • 11a · Other revenue: YE OAKS PROPERTIES

    total -$888 · related or exempt -$888

  • 11b · Other revenue: UBI INVESTMENT LOSS

    total -$32,893 · unrelated business -$32,893

  • 11e · Other revenue, total

    -$33,781

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $147,161 · management and general $147,161

  • 21 · Payments to affiliates

    total $364,744 · program services $364,744

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,219 · end of year $9,675

  • 11 · Investments: publicly traded securities

    beginning of year $42,983,682 · end of year $47,691,686

  • 13 · Investments: program-related

    beginning of year $1,460,800 · end of year $1,456,661

  • 15 · Other assets

    beginning of year $676,151 · end of year $1,121,536

  • 17 · Accounts payable and accrued expenses

    beginning of year $987,332 · end of year $1,037,902

  • 27 · Net assets without donor restrictions

    beginning of year $43,248,221 · end of year $48,302,601

  • 28 · Net assets with donor restrictions

    beginning of year $893,299 · end of year $939,055

Mission and programs · 2024

Mission

THE FOUNDATION FOR FIRELANDS SERVES COMMUNITY HEALTHCARE NEEDS BY PROVIDING FINANCIAL SUPPORT TO FIRELANDS REGIONAL MEDICAL CENTER, A 501(C)(3) HOSPITAL, AND/OR ANY OTHER RELATED NONPROFIT ORGANIZATION.

  • FINANCIAL SUPPORT FOR MEDICAL EDUCATION, SCHOLARSHIPS, MEDICAL STAFF FEES, INDIGENT CARE, SERVICE TO OUTLYING COMMUNITIES, NURSING EDUCATION AND OTHER OPERATING EXPENSES.

    Expenses $364,744

As filed on the 2024 return.

Listed in Part VII

  • J William Springer

    CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Thomsa Wolf

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Lee Alexakos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Jude Guerra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Roger Gundlach

    DIRECTOR - PART YEAR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Mary Jane Hill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Bryan Kasper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Daniel Keller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Steve Lichtcsien

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Beth Mathews

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tim Mayles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • James O Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Paula Rengel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Craig Stahl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Carol Steuk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • James Stouffer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jennifer Tusing

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • James Wible

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Carol Wolfe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Chrissy Wostman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jeremy Normington-Slay

    PRESIDENT & CEO

    Total calculated
    $1,168,196
    From this org
    $0
    From related orgs
    $976,582
    Other
    $191,614
    Hours/week
    2 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $707,535 related
    Bonus
    $0 + $268,268 related
    Other
    $0 + $779 related
    Deferred
    $0 + $129,740 related
    Nontaxable benefits
    $0 + $61,874 related
    Filer's total
    $0 + $1,168,196 related
  • Scott Campbell

    SECRETARY/NON-VOTING

    Total calculated
    $716,884
    From this org
    $0
    From related orgs
    $606,504
    Other
    $110,380
    Hours/week
    2 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $603,077 related
    Bonus
    $0
    Other
    $0 + $3,427 related
    Deferred
    $0 + $89,209 related
    Nontaxable benefits
    $0 + $21,171 related
    Filer's total
    $0 + $716,884 related
  • Kevin Riley

    TREASURER/NON-VOTING

    Total calculated
    $594,019
    From this org
    $0
    From related orgs
    $484,910
    Other
    $109,109
    Hours/week
    2 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $384,515 related
    Bonus
    $0 + $98,162 related
    Other
    $0 + $2,233 related
    Deferred
    $0 + $56,179 related
    Nontaxable benefits
    $0 + $52,930 related
    Filer's total
    $0 + $594,019 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

PART I, LINE 3
A RELATED ORGANIZATION REVIEWS THE COMPENSATION FOR OFFICERS. THE FOLLOWING METHODS ARE USED: COMPENSATION COMMITTEE AND GOVERNANCE APPROVAL, AN INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACT, AND A COMPENSATION SURVEY/STUDY.
PART I, LINE 4B
RELATED ORGANIZATION, NORTH COAST PROFESSIONAL CO, CONTRIBUTED $233,728 TO A SUPPLEMENTAL NON-QUALIFIED 409A DEFERRED COMPENSATION PLAN FOR ALL OFFICERS. SPECIFICALLY, $115,940 ON BEHALF OF JEREMY NORMININGTON-SLAY, PRESIDENT; $75,409 ON BEHALF OF SCOTT CAMPBELL, SECRETARY; AND $42,379 ON BEHALF OF KEVIN RILEY, TREASURER.

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.

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.

  • FIRELANDS DIALYSIS SERVICES LLC

    MEDICAL SERVICES · OH · income $72,806 · assets $878,205

    Directly controlled by THE FOUNDATION FOR FIRELANDS

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • FIRELANDS PROFESSIONAL CENTER 2 CONDO

    C · CONDO ASSOCIATION · OH

  • FIRELANDS PHYSICIANS REGIONAL HEALTH CARE

    C · PHO · OH

  • NORTH COAST PROFESSIONAL CO LLC

    C · PHYSICIAN PRACTICES · OH · 100% owned · share of income -$13,116,286 · share of assets $9,457,915 · controlled entity

    Directly controlled by THE FOUNDATION FOR FIRELANDS

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202513219349317371

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