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Nonprofiteer
← TOLEDO COMMUNITY FOUNDATION

Form 990 for tax year 2022

Filed by TOLEDO COMMUNITY FOUNDATION.

Totals

Total revenue
$26,939,369
Total expenses
$23,002,872
Contributions and grants received
$18,273,059
Grants paid
$17,309,786
Program service revenue
$0
Investment income
$6,090,109
Other revenue
$2,576,201
Total assets, end of year
$231,010,363
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$231,010,363
Program services expenses (Part IX)
$21,586,946
Management and general expenses
$1,404,829
Fundraising expenses
$11,097
Program service expenses (Part III)
$21,586,946

Program services were 93.8% 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.

  • 1d · Related organizations

    $767,608

  • 1e · Government grants (contributions)

    $303,400

  • 1f · All other contributions, gifts and grants

    $17,202,051

  • 1g · Noncash contributions included above

    $2,538,459

  • 3 · Investment income

    total $6,442,957 · excluded $6,442,957

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

    securities $352,848

  • 7c · Gain or loss

    securities -$352,848

  • 7d · Net gain or loss

    total -$352,848 · excluded -$352,848

  • 11a · Other revenue: ADMINISTRATIVE FEES

    total $2,518,392 · related or exempt $2,518,392

  • 11b · Other revenue: OTHER PROGRAM RELATED REVENUE

    total $57,809 · related or exempt $57,809

  • 11e · Other revenue, total

    $2,576,201

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,700,022 · program services $15,700,022

  • 2 · Grants to domestic individuals

    total $1,422,635 · program services $1,422,635

  • 3 · Grants to foreign organizations and individuals

    total $187,129 · program services $187,129

  • 5 · Compensation of officers, directors and key employees

    total $542,953 · management and general $540,026 · fundraising $2,927

  • 7 · Other salaries and wages

    total $1,079,489 · program services $772,967 · management and general $306,159 · fundraising $363

  • 8 · Pension plan contributions

    total $46,426 · program services $32,821 · management and general $13,583 · fundraising $22

  • 9 · Other employee benefits

    total $154,487 · program services $107,577 · management and general $46,849 · fundraising $61

  • 10 · Payroll taxes

    total $90,501 · program services $60,730 · management and general $29,465 · fundraising $306

  • 11b · Fees: legal

    total $798 · management and general $798

  • 11c · Fees: accounting

    total $31,541 · management and general $31,541

  • 11f · Fees: investment management

    total $144,427 · program services $144,427

  • 11g · Fees: other

    total $29,733 · program services $26,085 · management and general $3,648

  • 12 · Advertising and promotion

    total $475,054 · program services $429,713 · management and general $37,923 · fundraising $7,418

  • 13 · Office expenses

    total $137,022 · program services $29,495 · management and general $107,527

  • 16 · Occupancy

    total $74,648 · program services $2,400 · management and general $72,248

  • 17 · Travel

    total $79,695 · program services $32,597 · management and general $47,098

  • 22 · Depreciation, depletion and amortization

    total $41,132 · program services $524 · management and general $40,608

  • 23 · Insurance

    total $19,335 · program services $965 · management and general $18,370

  • 24a · Other expenses: ADMINISTRATIVE FEE

    total $2,320,853 · program services $2,320,853

  • 24b · Other expenses: SPONSORSHIPS

    total $221,200 · program services $221,200

  • 24c · Other expenses: MISCELLANEOUS

    total $100,452 · program services $68,130 · management and general $32,322

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $45,330 · program services $7,868 · management and general $37,462

  • 24e · All other expenses

    total $58,010 · program services $18,808 · management and general $39,202

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,321,418 · end of year $1,739,653

  • 2 · Savings and temporary cash investments

    beginning of year $5,511,213 · end of year $7,856,334

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $10,002,720

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

    $570,438

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

    $484,791

  • 10c · Land, buildings and equipment, net

    beginning of year $86,519 · end of year $85,647

  • 12 · Investments: other securities

    beginning of year $219,877,804 · end of year $210,745,951

  • 15 · Other assets

    beginning of year $580,312 · end of year $580,058

  • 23 · Secured mortgages and notes payable

    beginning of year $303,400 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $25,669,127 · end of year $25,286,036

  • 28 · Net assets with donor restrictions

    beginning of year $201,404,739 · end of year $205,724,327

Mission and programs · 2022

Mission

THE TOLEDO COMMUNITY FOUNDATION, INC. A PUBLIC, CHARITABLE FOUNDATION EXISTS TO IMPROVE THE QUALITY OF LIFE IN THE REGION BY: - PROVIDING A FLEXIBLE, INFORMED, EFFECTIVE MEANS FOR DONORS TO ACHIEVE THEIR CHARITABLE GOALS IN PERPETUITY - ADDRESSING THE CHANGING NEEDS OF THE REGION THROUGH EFFICIENT, PRUDENT, HIGH IMPACT GRANT MAKING - SERVING AS A SOURCE OF INFORMATION ABOUT AND AS A CATALYST IN SHAPING THE REGION'S RESPONSE TO THOSE NEEDS, AND - FACILITATING THE WORK OF OTHER GRANT MAKING ORGANIZATIONS IN ORDER TO ACHIEVE EFFECTIVE AND EFFICIENT GRANT MAKING PRACTICES

Activities or mission (Part I)

THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS TO ENRICH THE QUALITY OF LIFE IN NORTHWEST OHIO AND SOUTHEAST MICHIGAN BY PROVIDING FINANCIAL SUPPORT TO INITIATE PROGRAMS THAT ADDRESS THE CHANGING NEEDS OF OUR REGION.

  • THIS ORGANIZATION IS A PUBLIC CHARITABLE CORPORATION SERVING THE PEOPLE OF NORTHWEST OHIO AND SOUTHEAST MICHIGAN. FUNDS ARE EXPENDED FOR DESERVING CIVIC, CHARITABLE AND BENEVOLENT PURPOSES FOR THE BETTERMENT OF THE COMMUNITY AND RESIDENTS.

    Expenses $21,586,946 · Grants $17,309,786 · Revenue $2,576,201

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

Listed in Part VII

  • Mr Hussien Y Shousher

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • Mr Michael Gibbons

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • Mr Pariss M Coleman II

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.75 + 0.5 related

  • Mr Jay Morgan

    TREASURER

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • Mr Richard L Arnos

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • Mr Harold R Howell Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • Ms Pamela Hershberger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • Mrs Tiffany E Cavanaugh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • Dr Bina Joe PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • Dr Gregory C Kasper MD Facs

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • Mrs Kaye M Aldridge PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • Mr Spencer Stone

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • Mr Brian A Valentine

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • Ms Kelli Winston

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • Mr Michael Fischer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • Mr Keith Burwell

    PRESIDENT

    Total calculated
    $327,450
    From this org
    $269,786
    From related orgs
    $0
    Other
    $57,664
    Hours/week
    50 + 3.5 related

    Schedule J breakdown matched by us

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

  • Mrs Kimberly Cryan

    CHIEF FINANCIAL OFFICER

    Total calculated
    $215,503
    From this org
    $173,308
    From related orgs
    $0
    Other
    $42,195
    Hours/week
    45 + 1.5 related

    Schedule J breakdown matched by us

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

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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 1A
THE ORGANIZATION PAYS FOR THE COST OF KEITH BURWELL'S MEMBERSHIP AT THE TOLEDO CLUB IN ORDER TO HAVE A PLACE FOR MEETINGS WITH ADVISORS AND DONORS. ANY PERSONAL EXPENSES ARE KEITH'S TO REIMBURSE THE ORGANIZATION, AND ARE IDENTIFIED ON MONTHLY BILLS AND OFFSET ON EXPENSE REIMBURSEMENT FORMS.
PART I, LINE 3
THE BOARD CHAIRMAN COORDINATES THE COMPENSATION PROCESS. ALL MEMBERS OF THE BOARD GIVE INPUT TO THE CEO'S PERFORMANCE. ADDITIONALLY, SALARY SURVEYS FOR THE FIELD AND COMPARISON OF OTHER LOCAL NON-PROFIT ORGANIZATIONS ARE REVIEWED AS PART OF THE PROCESS.
PART I, LINE 4B
KEITH BURRELL $35,753 AND KIMBERLY CRYAN $23,867

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

  • THE 577 FOUNDATION

    $725,700

    2022 OPERATING SUPPORT, 577 FOUNDATION CREATIVE REUSE SHOP

  • IBEW LOCAL 8 SCHOLARSHIP FUND

    $651,631

    TRANSFERRING MONEY FROM EXISTING SCHOLARSHIP FUND TO NEW SCHOLARSHIP FUND

  • STRANAHAN THEATER TRUST

    $466,863

    GENERAL SUPPORT, LAND/ROOF/COMPUTER/MAINT. EQUP., ANNUAL DISTRIBUTIONS

  • PROVINCE OF OUR LADY OF CONSOLATION

    $400,000

    GENERAL SUPPORT

  • TOLEDO MUSEUM OF ART

    $377,409

    UNRESTRICTED GIFT, ART OUT OF SCHOOL, MEMBERSHIP + DONATION, ANNUAL DISTRIBUTIONS,, NEEDS RELATED TO TMA'S CORPORATE PURPOSE, GENERAL SUPPORT, GIVINGTUESDAY 2021, RECIPROCAL MEMBERSHIP, ANNUAL SENIOR MEMBERSHIP PLUS GENERAL DONATION, ANNUAL SENIOR COUPLE MEMBERSHIP PLUS GENERAL DONATION, FAMILY MEMBERSHIP, GENERAL SUPPORT, 2023 PRESIDENTS COUNCIL

  • HOPE TOLEDO SERVICES

    $284,433

    SUPPORT - PRE K, EARLY CHILDHOOD EDUCATION AWARENESS, GENERAL SUPPORT, NWO ECE SHARED SERVICE ALLIANCE, NWO ECE SHARED SERVICE ALLIANCE

  • HABITAT FOR HUMANITY - MAUMEE VALLEY

    $270,100

    A WORLD VISION: DECENT HOUSING , GENERAL SUPPORT, 2022 HOMEOWNERSHIP GAP FUNDING GRANT, A WORLD VISION

  • SIOP FOUNDATION INC

    $230,838

    MULTIPLE GRANT SUPPORT

  • THE UNIVERSITY OF TOLEDO FOUNDATION

    $215,079

    2022 ANNUAL GIFT - MEN'S GOLF PROGRESS FUND , STUDENT GIFTS AND PHIL CLOSIUS FUND, BLX-NEXT, MEDICAL RESEARCH SOCIETY ADDITIONAL GRANT TO INCREASE THE 2022 AWARD AMOUNT TO ENABLE A SECOND 50K AWARD, ANNUAL DISTRIBUTION TO SUPPORT AN ENDOWED CHAIR, ROCKET FUND, THE LOVEJOY - SANZENBACHER PHARMACY LEADERSHIP SCHOLARSHIP, THE LOVEJOY - SANZENBACHER ENGINEERING LEADERSHIP SCHOLARSHIP LEARNING ENHANCEMENT CENTER, ANNUAL DISTRIBUTION, EARLY CHILDHOOD PROGRAM, STUDENT - ATHLETE DEGREE COMPLETION - SUMMER SCHOOL / 5TH YEAR AID, TUTOR STIPENDS - DEPARTMENT OF MATHEMATICS AND STATISTICS, DOROTHY HUSSAIN DISTINGUISHED LECTURESHIP; COLLEGE OF NURSING, SUPPORT MENS GOLF TEAM, UT ATHLETICS , SUPORT FOR REACH OUT AND READ OF NORTHWEST OHIO PROGRAM, NEUROPSYCHOLOGY FUND, WOMEN'S GOLF PROGRAM , DOROTHY HUSSAIN DISTINGUISHED LECTURESHIP; COLLEGE OF NURSING, JOAN ORDON SCHOLARSHIP RECIPIENT, MEDICAL SCHOOL, O-I SCHOLARSHIP FUND CONTRIBUTION, DR. MORTON GOLDBERG LECTURE SERIES, 2022 ANNUAL FUND, WOMEN I

  • ADVOCATES FOR BASIC LEGAL EQUALITY INC

    $200,800

    IMMIGRATION ADVOCACY PROJECT, JUSTICE FOR ALL CAMPAIGN, ACCESS TO JUSTICE FUND, IMMIGRATION ADVOCACY PROJECT, LEGAL SUPPORT FOR JUNCTION SUCCESS, JUSTICE STRAIGHT UP

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.

Provenance

Return type
form_990
Tax year
2022
Filed
20 October 2023
IRS schema version
2022v5.0
Source object
202323149349302562

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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