Bud H Babcock Trust

Willoughby, OHGovernment-related / quasi-public EIN 30-6081202Revenue $132K in FY2025Latest return filed Jun 22, 2026

On file with the IRSWilloughby, OHTax-exempt since 0000

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $100 a year.

How does your 990 look to donors? Take the 10-Question Audit

$12K paid to officers and key staff.
Pay: Part VII

Before you give

FY2025 · Form 990-PFIndependent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $45K a year · 49% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
990-PF Pt I · 6 filings
Pay to officers and key staff
$12K
to officers and key staff · 33% of spending
Concern: pay to officers and key staff is 33% of spending; over 30%.
990-PF Pt VIII
44 mo
of spending, in cash
Looks good: 43.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$492K
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$132K
+12% vs prior year
Spent
$36K
Net assets
$887K
By yearFY2020–FY2025
Revenue
$132K
FY2025▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$47K
FY2021$33K
FY2022$120K
FY2023$95K
FY2024$118K
FY2025$132K
Expenses
$36K
FY2025▼ -17%
Tap a bar for its year
Expenses by fiscal year
FY2020$39K
FY2021$62K
FY2022$42K
FY2023$54K
FY2024$43K
FY2025$36K
Net assets
$887K
FY2025▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$640K
FY2021$597K
FY2022$664K
FY2023$705K
FY2024$780K
FY2025$887K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in 0000.

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

Where the money goes

What each dollar paid for.

Grants & contributions paid 46% · $16K Operating & administrative 54% · $19K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990-PF; $12K paid to officers and key staff.

Part VII, Section A · reportable compensation
$5,909Pt VII · Sec A
$2,954Pt VII · Sec A
$2,954Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024
Gerald Merhar$5,909$5,706
Vicki Morley$2,954$2,713
Robin Hopkins$2,954—
Lori Klonowski—$2,713

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Bud H Babcock Trust executive salaries →

Programs and updates

A government-related organization based in Willoughby, OH.

Questions for Bud H Babcock Trust

Tap to ask. Bud H Babcock Trust sees how many people are interested.

Your first name shows with your question. Bud H Babcock Trust answers here, for everyone.

Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 11 grants · $16K · 2025–2025
Individual RecipientFY2025$5,000
Lakeland Community CollegeFY2025$2,500
Hawaii Pacific UniversityFY2025$2,000
Cuyahoga Community CollegeFY2025$900
John Carroll UniversityFY2025$900
Cleveland State UniversityFY2025$900
North Carolina CentreFY2025$900
Ursuline CollegeFY2025$900
Case Western Reserve UniversityFY2025$900
John Carroll UniversityFY2025$900
Kent State UniversityFY2025$600

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$1K
Median grantPart XV$900
Largest grantPart XV$5K

By the numbers

The FY2025 990-PF, line by line.

1The main four
Money in
$132K
Investment income$132K
Money out
$36K
Grants paid$16K
Running costs$19K
Owns and owes
$887K
net assets
Cash and savings$130K
Total assets$1.4M
Liabilities$492K
People
3
listed
Paid3
2In more detail
Revenue in detail
Investment income$132K
Total revenue$132K
Assets in detailEnd of year
Cash and savings together$130K
Total assets$1.4M
Liabilities$492K
Net assets$887K
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Jun 22, 2026 $132K$36K$96K$887K 990 PDF
FY2024Filed with the IRS Jun 22, 2026 $118K$43K$75K$780K 990 PDF
FY2023Filed with the IRS Sep 16, 2024 $95K$54K$41K$705K 990 PDF
FY2022Filed with the IRS May 17, 2023 $120K$42K$78K$664K 990 PDF
FY2021Filed with the IRS Aug 10, 2022 $33K$62K−$28K$597K 990 PDF
FY2020Filed with the IRS Jul 15, 2021 $47K$39K$8K$640K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.