Hancock Properties Foundation FY2021 filing

Tax-deductible

Findlay, OH501(c)(3)Foundations & GrantmakersEIN 27-0121577Revenue $840K in FY2021

On file with the IRShancockfamilycenter.org101 W Sandusky St Ste 207, 45840-3276 · Findlay, OHTax-exempt since May 2006Supporting organization — 509(a)(3)

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The organization assists charitable organizations in Hancock county by providing affordable rental space for their administrative, management and operational activities in general support of the findlay-Hancock county community Foundation.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $39K a year · 7% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 11.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$69K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$840K
+127% vs prior year
Spent
$568K
To programs
100%
Net assets
$4.0M
By yearFY2020–FY2024
Revenue
$840K
FY2021▲ +127%
Tap a bar for its year
Revenue by fiscal year
FY2020$370K
FY2021$840K
FY2022$621K
FY2023$601K
FY2024$536K
Expenses
$568K
FY2021▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$539K
FY2021$568K
FY2022$726K
FY2023$636K
FY2024$697K
Net assets
$4.0M
FY2021▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.7M
FY2021$4.0M
FY2022$3.9M
FY2023$3.8M
FY2024$3.6M

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $568K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
See Hancock Properties Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides affordable rental space for local charities to operate and serve the community.

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Provided by the organization

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1 program · $568K · in their own filed words · FY2021
01

The organization rents space to 12 local nonprofit agencies at below market rates. The agencies are: associated charities; cancer patient services; caughman health center; chopin hall; christian clearing house; HHWP community action commission; dental center of northwest ohio; family resource center; hancock metropolitan housing…

$568Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$8K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$840K
Ln 12
Fees for servicesLn 2g$430K
Gifts and grantsLn 1h$408K
Other incomeLn 4–11$2K
Money outPt IX
$568K
Ln 25
Programscol B$568K
Owns and owesPt X
$4.0M
net assets · Ln 32
Cash and savingsLn 1–2$556K
Total assetsLn 16$4.0M
LiabilitiesLn 26$69K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$408K
Government grantsLn 1e$24K
Fees for servicesLn 2g$430K
Other incomeLn 4–11$2K
Total revenueLn 12$840K
Assets in detailPt X, end of year
CashLn 1$556K
Cash and savings togetherLn 1–2$556K
Land, buildings, equipmentLn 10c$3.5M
Total assetsLn 16$4.0M
LiabilitiesLn 26$69K
Net assetsLn 32$4.0M
OperationsPt I, VI
EmployeesI 53
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$141K$556K
Land, buildings, equipmentLn 10c$3.6M$3.5M
Total assetsLn 16$3.8M$4.0M
LiabilitiesLn 26$91K$69K
Net assetsLn 32$3.7M$4.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$102K$102K
Pension plan contributionsLn 8$3K$3K
Other employee benefitsLn 9$9K$9K
Payroll taxesLn 10$11K$11K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$77K$77K
Office expensesLn 13$24K$24K
Information technologyLn 14$6K$6K
OccupancyLn 16$128K$128K
Conferences, conventions and meetingsLn 19$123$123
Depreciation, depletion and amortizationLn 22$182K$182K
Other expenses (24a–d)Ln 24$20K$20K
Total functional expensesLn 25$568K$568K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $536K$697K−$161K$3.6M 990 PDF
FY2023 $601K$636K−$35K$3.8M 990 PDF
FY2022 $621K$726K−$104K$3.9M 990 PDF
FY2021 Viewing $840K$568K$272K$4.0M 990 PDF
FY2020 $370K$539K−$168K$3.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $839,587 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $53,376$407,558
I-9 Program service revenuePrior year $306,292$430,021
I-10 Investment incomePrior year $1$0
I-11 Other revenuePrior year $10,566$2,008
I-12 Total revenuePrior year $370,235$839,587
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $124,938$126,084
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $413,757$441,789
I-18 Total expensesPrior year $538,695$567,873
I-19 Revenue less expensesPrior year −$168,460$271,714
Part VI · Governance 8 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $839,587 across 6 lines filed
VIII-1d Related organizations$383,130
VIII-1e Government grants$24,428
VIII-1h Total contributions, gifts and grants$407,558
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $430,021$430,021
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,008$2,008
VIII-12 Total revenueRelated to mission $432,029 · Unrelated business $0 · Excluded from tax $0$839,587
Part IX · Statement of functional expenses $567,873 across 13 lines filed
IX-7 Other salaries and wagesPrograms $102,377$102,377
IX-8 Pension plan contributionsPrograms $3,277$3,277
IX-9 Other employee benefitsPrograms $9,287$9,287
IX-10 Payroll taxesPrograms $11,143$11,143
IX-11b Legal feesPrograms $2,020$2,020
IX-11c Accounting feesPrograms $3,444$3,444
IX-11g Other fees for servicesPrograms $76,666$76,666
IX-13 Office expensesPrograms $23,907$23,907
IX-14 Information technologyPrograms $5,526$5,526
IX-16 OccupancyPrograms $127,873$127,873
IX-19 Conferences, conventions and meetingsPrograms $123$123
IX-22 Depreciation, depletion and amortizationPrograms $182,298$182,298
IX-24 Other expenses (24a–d)Programs $19,932$19,932
IX-25 Total functional expensesPrograms $567,873 · Management $0 · Fundraising $0$567,873
Part X · Balance sheet $4,036,681 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $141,345$556,146
X-4 Accounts receivable$12,868
X-9 Prepaid expenses and deferred chargesStart of year $3,583$3,607
X-10c Land, buildings and equipment, netStart of year $3,641,642$3,464,060
X-16 Total assetsStart of year $3,786,570$4,036,681
X-17 Accounts payable and accrued expensesStart of year $7,569$10,302
X-24 Unsecured notes and loans payableStart of year $24,427$0
X-25 Other liabilitiesStart of year $58,509$58,463
X-26 Total liabilitiesStart of year $90,505$68,765
X-27 Net assets without donor restrictionsStart of year $3,696,065$3,967,916
X-32 Total net assets or fund balancesStart of year $3,696,065$3,967,916
X-33 Total liabilities and net assetsStart of year $3,786,570$4,036,681
Part XI · Reconciliation of net assets $3,967,916 net assets at year end
XI-1 Total revenue$839,587
XI-2 Total expenses$567,873
XI-3 Revenue less expenses$271,714
XI-4 Net assets at start of year$3,696,065
XI-8 Prior period adjustments$137
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,967,916

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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