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Nonprofiteer
← 1898 FOUNDATION INC

Form 990 for tax year 2024

Filed by 1898 FOUNDATION INC.

Totals

Total revenue
$575,196
Total expenses
$216,430
Contributions and grants received
$559,121
Grants paid
$35,000
Program service revenue
$0
Investment income
$16,075
Other revenue
$0
Total assets, end of year
$456,153
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$456,153
Program services expenses (Part IX)
$198,099
Management and general expenses
$12,671
Fundraising expenses
$5,660
Program service expenses (Part III)
$198,099

Program services were 91.5% 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.

  • 1f · All other contributions, gifts and grants

    $559,121

  • 1g · Noncash contributions included above

    $86,945

  • 3 · Investment income

    total $14,049 · excluded $14,049

  • 7a · Gross sales of assets other than inventory

    securities $85,872

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

    securities $83,846

  • 7c · Gain or loss

    securities $2,026

  • 7d · Net gain or loss

    total $2,026 · excluded $2,026

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $35,000 · program services $35,000

  • 11c · Fees: accounting

    total $9,838 · program services $4,919 · management and general $4,919

  • 13 · Office expenses

    total $7,752 · management and general $7,752

  • 24a · Other expenses: GOLF COURSE RENOVATIONS

    total $129,384 · program services $129,384

  • 24b · Other expenses: TROPHY EXPENSES

    total $28,796 · program services $28,796

  • 24c · Other expenses: POSTAGE

    total $5,660 · fundraising $5,660

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $100,486 · end of year $1,491

  • 11 · Investments: publicly traded securities

    end of year $454,662

  • 27 · Net assets without donor restrictions

    beginning of year $100,486 · end of year $456,153

Mission and programs · 2024

Mission

TO PRESERVE HISTORICAL BUILDINGS AND PROMOTE COMMUNITY INVOLVEMENT

Activities or mission (Part I)

TO PROVIDE FUNDS TO SUPPORT COMMUNITY ISSUES, THE PRESERVATION OF HISTORIC BUILDINGS AND PROMOTE COMMUNITY INVOLVEMENT

  • THE 1898 FOUNDATION, FOUNDED IN 2022, IS AN INDEPENDENT, AUTONOMOUS, PRIVATE, NON-PROFIT CORPORATION THAT PURSUES, MANAGES, AND DISTRIBUTES RESOURCES TO SUPPORT AND PRESERVE THE HISTORIC DISTRICT AND HISTORIC PLACE OF THE YOUNGSTOWN COUNTRY CLUB AND OTHER HISTORIC DESIGNATED GOLF COURSES AND FACILITIES IN MAHONING AND TRUMBULL COUNTIES, ALONG WITH THE PROMOTION OF AMATEUR GOLF AND RELATED SPORTING ACTIVITIES. IN ADDITION TO SERVING AS A SPONSOR OF THE AMERICAN JUNIOR GOLF ASSOCIATION (AJGA) LOCAL EVENT FOR THE PAST SEVERAL YEARS, THE 1898 FOUNDATION HAS ALSO SUPPORTED YOUNGSTOWN CITY PARKS IN LAUNCHING A JUNIOR GOLF PROGRAM AND THE PURCHASE OF GOLF EQUIPMENT TO BE USED BY YOUNG GOLFERS AT STAMBAUGH GOLF COURSE. ADDITIONALLY, THE 1898 FOUNDATION HAS ALSO ENDOWED A SCHOLARSHIP THROUGH THE YSU FOUNDATION TO BENEFIT BOTH THE YSU MEN'S AND WOMEN'S GOLF TEAMS WHICH PROVIDES MEANINGFUL ANNUAL SUPPORT AND ENHANCES YSU'S ABILITY TO RECRUIT AND SUPPORT EXCEPTIONAL GOLF STUDENT-ATHLETES

    Expenses $198,099 · Grants $35,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • C Reid Schmutz

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Paul Homick

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Jacquelyn Motsinger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • H William Lawson

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Jeffery Hill

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

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

Provenance

Return type
form_990
Tax year
2024
Filed
13 August 2026
IRS schema version
2024v5.5
Source object
202632299349303053

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