Athens County Foundation FY2024 filing

Tax-deductible

Athens, OH501(c)(3)EIN 31-1040215Revenue $1.0M in FY2024

On file with the IRSathensfoundation.orgPo Box 366, 45701-0366 · Athens, OHTax-exempt since Sep 1982Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
$97K paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · 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
FY2025
latest Form 990
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 $598K a year · 32% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$97K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $155K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$828K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
-58% vs prior year
Spent
$1.4M
To programs
66%
Net assets
$12.1M
By yearFY2020–FY2025
Revenue
$1.0M
FY2024▼ -58%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.2M
FY2021$1.5M
FY2022$1.8M
FY2023$2.4M
FY2024$1.0M
FY2025$2.3M
Expenses
$1.4M
FY2024▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.1M
FY2022$1.2M
FY2023$1.1M
FY2024$1.4M
FY2025$1.6M
Net assets
$12.1M
FY2024▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$8.6M
FY2021$10.4M
FY2022$8.6M
FY2023$10.6M
FY2024$12.1M
FY2025$13.1M

From the FY2024 Form 990 (year ending September 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1982.

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

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $902K Management & general 29% · $404K Fundraising 5% · $66K

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

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Who runs it and what they're paid

15 people listed on the 990; $97K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Di
$96,800Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kerry S Pigman$101,281$96,800$91,250———
Kerry Pigman———$86,042$56,667—
Susan B Urano—————$78,242

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.

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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 15aYes

Programs and updates

Strengthens Athens County nonprofits through capacity-building programs.

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Provided by the organization

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3 programs · $902K · in their own filed words · FY2023
01

The foundation awards competitive grants and distributions through an application and review process. The focus of these awards is toward education, welfare enhancement, civic projects, and community betterment through grants to organizations in athens, ohio and the surrounding area. During the year there were 117 grants awarded.

$902Kprogram expense
02

Leadership athens county program is a nine-month course aimed at developing a group of informed citizens to provide dynamic community leadership. It also encompasses a youth leadership group component aimed at developing future leaders

Pt IX · col B
03

Capacity building program for athens county non-profits

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 196 grants · $2.9M · 2019–2024
Ohio UniversityOH · FY2024$98,600
Rural Action INCOH · FY2024$95,257
Acenet INCOH · FY2024$34,655
Athens Co Children ServicesFY2024$16,226
Nelsonville-York City SchoolsFY2024$12,943
Sylvester Memorial Wellston PublicFY2024$11,746
Herbert Wescoat Memorial LibraryFY2024$11,746
Athens Photographic ProjectOH · FY2024$11,000
Athens Co Dept of JfsFY2024$11,000
First Umc of NelsonvilleFY2024$10,000
The Athens VillageOH · FY2024$9,827
See all 196 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$590K
Investment incomeLn 3$401K
Fees for servicesLn 2g$16K
Money outPt IX
$1.4M
Ln 25
Programscol B$902K
Managementcol C$404K
Fundraisingcol D$66K
Owns and owesPt X
$12.1M
net assets · Ln 32
Cash and savingsLn 1–2$106K
Total assetsLn 16$12.9M
LiabilitiesLn 26$828K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$590K
Government grantsLn 1e$90K
Fundraising eventsLn 1c$39K
Fees for servicesLn 2g$16K
Investment incomeLn 3$401K
Other incomeLn 4–11$6K
Gains on assetsLn 7$124K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$106K
Cash and savings togetherLn 1–2$106K
InvestmentsLn 11–13$12.6M
Land, buildings, equipmentLn 10c$5K
Total assetsLn 16$12.9M
LiabilitiesLn 26$828K
Net assetsLn 32$12.1M
OperationsPt I, VI
EmployeesI 54
VolunteersI 680
Fiscal year endsHeaderSeptember
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 FY24End FY24
Cash and savingsLn 1–2$48K$106K
InvestmentsLn 11–13$10.9M$12.6M
Land, buildings, equipmentLn 10c$4K$5K
Total assetsLn 16$11.2M$12.9M
LiabilitiesLn 26$529K$828K
Net assetsLn 32$10.6M$12.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$740K$740K
Pay of current officers, directors and key staffLn 5$103K$103K
Other salaries and wagesLn 7$249K$136K$57K$55K
Pension plan contributionsLn 8$4K$2K$997$960
Other employee benefitsLn 9$15K$8K$4K$3K
Payroll taxesLn 10$27K$15K$6K$6K
Management feesLn 11a$46K$46K
Accounting feesLn 11c$18K$18K
Investment management feesLn 11f$37K$37K
Other fees for servicesLn 11g$16K$16K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$17K$17K
Information technologyLn 14$6K$6K
OccupancyLn 16$4K$4K
TravelLn 17$27K$27K
Conferences, conventions and meetingsLn 19$2K$2K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$51K$51K$346
Total functional expensesLn 25$1.4M$902K$404K$66K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.3M$1.6M$689K$13.1M 990 PDF
FY2024 Viewing $1.0M$1.4M−$358K$12.1M 990 PDF
FY2023 $2.4M$1.1M$1.3M$10.6M 990 PDF
FY2022 $1.8M$1.2M$692K$8.6M 990 PDF
FY2021 $1.5M$1.1M$387K$10.4M 990 PDF
FY2020 $2.2M$1.3M$886K$8.6M 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 FY2024 990 (6 parts)
Part I · Summary $1,013,868 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,280,103$589,956
I-9 Program service revenuePrior year $25,004$16,250
I-10 Investment incomePrior year $187,555$401,356
I-11 Other revenuePrior year −$75,626$6,306
I-12 Total revenuePrior year $2,417,036$1,013,868
I-13 Grants and similar amounts paidPrior year $560,621$740,487
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $340,506$398,336
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $224,521$233,284
I-18 Total expensesPrior year $1,125,648$1,372,107
I-19 Revenue less expensesPrior year $1,291,388−$358,239
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,013,868 across 10 lines filed
VIII-1c Fundraising events$39,000
VIII-1e Government grants$90,261
VIII-1f All other contributions, gifts and grants$460,695
VIII-1h Total contributions, gifts and grants$589,956
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $16,250$16,250
VIII-3 Investment incomeExcluded from tax $277,398$277,398
VIII-7 Net gain or loss on sales of assetsExcluded from tax $123,958$123,958
VIII-8 Net income from fundraising eventsExcluded from tax $2,417$2,417
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,889$3,889
VIII-12 Total revenueRelated to mission $20,139 · Excluded from tax $403,773$1,013,868
Part IX · Statement of functional expenses $1,372,107 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $740,487$740,487
IX-5 Pay of current officers, directors and key staffManagement $103,304$103,304
IX-7 Other salaries and wagesPrograms $135,723 · Management $57,490 · Fundraising $55,384$248,597
IX-8 Pension plan contributionsPrograms $2,353 · Management $997 · Fundraising $960$4,310
IX-9 Other employee benefitsPrograms $8,317 · Management $3,523 · Fundraising $3,394$15,234
IX-10 Payroll taxesPrograms $14,681 · Management $6,219 · Fundraising $5,991$26,891
IX-11a Management feesManagement $46,466$46,466
IX-11c Accounting feesManagement $17,908$17,908
IX-11f Investment management feesManagement $37,015$37,015
IX-11g Other fees for servicesManagement $15,504$15,504
IX-12 Advertising and promotionManagement $1,985$1,985
IX-13 Office expensesManagement $17,354$17,354
IX-14 Information technologyManagement $5,616$5,616
IX-16 OccupancyManagement $4,287$4,287
IX-17 TravelManagement $27,461$27,461
IX-19 Conferences, conventions and meetingsManagement $1,862$1,862
IX-22 Depreciation, depletion and amortizationManagement $1,325$1,325
IX-23 InsuranceManagement $5,524$5,524
IX-24 Other expenses (24a–d)Management $50,631 · Fundraising $346$50,977
IX-25 Total functional expensesPrograms $901,561 · Management $404,471 · Fundraising $66,075$1,372,107
Part X · Balance sheet $12,919,618 assets, 14 lines filed
Asset lines not itemized here account for $195,682; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $47,516$105,620
X-4 Accounts receivable$10,300
X-9 Prepaid expenses and deferred chargesStart of year $17,509$37,560
X-10c Land, buildings and equipment, netStart of year $3,548$4,904
X-11 Publicly traded securitiesStart of year $7,728,572$9,078,211
X-12 Other securitiesStart of year $3,140,751$3,487,341
X-16 Total assetsStart of year $11,176,045$12,919,618
X-17 Accounts payable and accrued expensesStart of year $15,202$9,002
X-25 Other liabilitiesStart of year $514,239$818,502
X-26 Total liabilitiesStart of year $529,441$827,504
X-27 Net assets without donor restrictionsStart of year $7,640,719$8,608,666
X-28 Net assets with donor restrictionsStart of year $3,005,885$3,483,448
X-32 Total net assets or fund balancesStart of year $10,646,604$12,092,114
X-33 Total liabilities and net assetsStart of year $11,176,045$12,919,618
Part XI · Reconciliation of net assets $12,092,114 net assets at year end
XI-1 Total revenue$1,013,868
XI-2 Total expenses$1,372,107
XI-3 Revenue less expenses−$358,239
XI-4 Net assets at start of year$10,646,604
XI-5 Net unrealized gains (losses) on investments$1,803,749
XI-10 Net assets at end of year$12,092,114

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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