Skip to content
Nonprofiteer
← COMMUNITY FOUNDATION OF MAHONING VALLEY

Form 990 for tax year 2023

Filed by COMMUNITY FOUNDATION OF MAHONING VALLEY.

Totals

Total revenue
$8,535,099
Total expenses
$4,303,553
Contributions and grants received
$7,514,737
Grants paid
$3,106,074
Program service revenue
$304,743
Investment income
$715,619
Other revenue
$0
Total assets, end of year
$47,447,756
Total liabilities, end of year
$7,235,617
Net assets or fund balances, end of year
$40,212,139
Program services expenses (Part IX)
$3,706,753
Management and general expenses
$494,963
Fundraising expenses
$101,837
Program service expenses (Part III)
$3,706,753

Program services were 86.1% 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.

  • 1c · Fundraising events

    $13,922

  • 1f · All other contributions, gifts and grants

    $7,500,815

  • 1g · Noncash contributions included above

    $2,206,247

  • 2f · All other program service revenue

    total $304,743 · related or exempt $304,743

  • 3 · Investment income

    total $843,242 · excluded $843,242

  • 7a · Gross sales of assets other than inventory

    securities $24,259,409

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

    securities $24,387,032

  • 7c · Gain or loss

    securities -$127,623

  • 7d · Net gain or loss

    total -$127,623 · excluded -$127,623

  • 8a · Fundraising events: gross income

    $20,418

  • 8a · Fundraising events: contributions included on line 1c

    $13,922

  • 8b · Fundraising events: direct expenses

    $20,418

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,985,140 · program services $2,985,140

  • 2 · Grants to domestic individuals

    total $120,934 · program services $120,934

  • 5 · Compensation of officers, directors and key employees

    total $129,000 · program services $101,910 · management and general $7,740 · fundraising $19,350

  • 6 · Compensation of disqualified persons

    total $423,909 · program services $331,114 · management and general $29,925 · fundraising $62,870

  • 8 · Pension plan contributions

    total $16,262 · program services $12,847 · management and general $976 · fundraising $2,439

  • 9 · Other employee benefits

    total $63,004 · program services $49,773 · management and general $3,780 · fundraising $9,451

  • 10 · Payroll taxes

    total $41,926 · program services $33,121 · management and general $2,516 · fundraising $6,289

  • 11b · Fees: legal

    total $1,679 · management and general $1,679

  • 11c · Fees: accounting

    total $33,221 · management and general $33,221

  • 11f · Fees: investment management

    total $171,977 · management and general $171,977

  • 11g · Fees: other

    total $83,959 · management and general $83,959

  • 12 · Advertising and promotion

    total $7,293 · program services $5,761 · management and general $438 · fundraising $1,094

  • 13 · Office expenses

    total $8,616 · management and general $8,616

  • 16 · Occupancy

    total $37,393 · management and general $37,393

  • 17 · Travel

    total $3,525 · management and general $3,525

  • 19 · Conferences, conventions and meetings

    total $6,147 · management and general $6,147

  • 22 · Depreciation, depletion and amortization

    total $11,577 · management and general $11,577

  • 23 · Insurance

    total $10,279 · management and general $10,279

  • 24a · Other expenses: HEALTHY LIVING PROGRAM

    total $64,339 · program services $64,339

  • 24b · Other expenses: COMPUTER SOFTWARE FEES

    total $42,158 · management and general $42,158

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $11,575 · management and general $11,575

  • 24d · Other expenses: MEALS & ENTERTAINMENT

    total $5,319 · management and general $5,319

  • 24e · All other expenses

    total $24,321 · program services $1,814 · management and general $22,163 · fundraising $344

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $599,291 · end of year $608,065

  • 3 · Pledges and grants receivable

    beginning of year $16,070 · end of year $0

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

    $94,309

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

    $88,190

  • 10c · Land, buildings and equipment, net

    beginning of year $17,696 · end of year $6,119

  • 11 · Investments: publicly traded securities

    beginning of year $37,731,437 · end of year $46,833,572

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,933 · end of year $11,106

  • 25 · Other liabilities

    beginning of year $6,198,203 · end of year $7,224,511

  • 27 · Net assets without donor restrictions

    beginning of year $21,218,350 · end of year $23,733,871

  • 28 · Net assets with donor restrictions

    beginning of year $10,936,008 · end of year $16,478,268

Mission and programs · 2023

Mission

THE COMMUNITY FOUNDATION IS THE LEADER AND ADVOCATE FOR STRATEGIC PHILANTHROPY, PARTNERING WITH DONORS TO ANCHOR A PERMANENT AND GROWING ENDOWMENT MAKING INVESTMENTS IN THE MAHONING VALLEY THAT IMPROVE THE QUALITY OF LIFE FOR ALL RESIDENTS.

Activities or mission (Part I)

TO ATTRACT RESOURCES TO ENHANCE THE QUALITY OF LIFE FOR THE RESIDENTS OF THE MAHONING VALLEY.

  • COMMUNITY FOUNDATION OF THE MAHONING VALLEY SHALL IDENTIFY AND SUPPORT COMMUNITY BASED CHARITABLE PURPOSES IN THE AREAS OF HEALTH, EDUCATION, ECONOMIC DEVELOPMENT, HUMAN SERVICES, AND HISTORICAL, CULTURAL AND ENVIRONMENTAL ACTIVITIES.

    Expenses $3,706,753 · Grants $3,106,074 · Revenue $304,743

As filed on the 2023 return.

Listed in Part VII

  • TIMOTHY FRANCISCO PHD

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • TED STAZAK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARVIN LOGAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY HEINTZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GENNA PETROLLA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES DIGNAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATHY HARLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MEGHAN REED

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VINCE PETERSON II

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KELAN BILAL

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • SAMUEL FRIES

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • PATRICIA SWEENEY

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CASEY KRELL

    CO-PRESIDENT

    Total calculated
    $87,168
    From this org
    $76,514
    From related orgs
    $0
    Other
    $10,654
    Hours/week
    40

  • SHARI HARRELL

    CO-PRESIDENT

    Total calculated
    $139,160
    From this org
    $123,374
    From related orgs
    $0
    Other
    $15,786
    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

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
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202433189349300218

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

The source document this was parsed from is served over the API, which is where bulk and document access live.