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Corwine Foundation INC FY2020 filing

Not tax-deductible

Cincinnati, OHMutual-benefit / member-servingEIN 31-1243534Revenue $546K in FY2020

On file with the IRS3401 Rosenthal Way, 45204-3500 · Cincinnati, OHTax-exempt since Feb 1989

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The real estate holding company for freestore foodbank, INC.

Mission: Form 990 Part I, line 1

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
1 of 6
filings with a surplus
Average deficit $565K a year · 63% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
22 mo
of spending, in cash
Looks good: 22.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $13K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$141
<0.01% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$546K
Spent
$695K
Net assets
$9.8M
By yearFY2020–FY2025
Revenue
$546K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$546K
FY2021$549K
FY2022$549K
FY2023$3.0M
FY2024$268K
FY2025$452K
Expenses
$695K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$695K
FY2021$702K
FY2022$2.2M
FY2023$4.4M
FY2024$394K
FY2025$383K
Net assets
$9.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$9.8M
FY2021$9.6M
FY2022$8.0M
FY2023$6.6M
FY2024$6.5M
FY2025$6.5M

From the FY2020 Form 990 (year ending June 2020) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 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 Feb 1989.

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

Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Marty Dunn
Director
$0Pt VII · Sec A
Tom Powers
Chairman
$0Pt VII · Sec A
Bob Habel
Director
$0Pt VII · Sec A
Paula Neises
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Grant Hesser
Director
$0Pt VII · Sec A
Tom Kirkwood
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Corwine Foundation INC 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

Acquires and manages properties to support food bank operations.

Provided by the organization

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1 program · in their own filed words · FY2019
01

Holding of real estate for freestore foodbank, inc.

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 · FY2025
PlusoneplusoneplusoneFY2025$13K
Total grants receivedfrom 1 funder$13K
Grants paid · 2 grants · $5.4M · 2021–2022
Freestore-Foodbank INCOH · FY2022$3,871,127
Freestore-Foodbank INCOH · FY2021$1,500,000

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$546K
Ln 12
Fees for servicesLn 2g$546K
Money outPt IX
$695K
Ln 25
Owns and owesPt X
$9.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$9.8M
LiabilitiesLn 26$141
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$546K
Total revenueLn 12$546K
Assets in detailPt X, end of year
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.3M
Land, buildings, equipmentLn 10c$8.5M
Other assetsLn 15$5K
Total assetsLn 16$9.8M
LiabilitiesLn 26$141
Net assetsLn 32$9.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
Fiscal year endsHeaderJune
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 FY20End FY20
Cash and savingsLn 1–2$1.0M$1.3M
Land, buildings, equipmentLn 10c$8.9M$8.5M
Total assetsLn 16$10.0M$9.8M
LiabilitiesLn 26$66K$141
Net assetsLn 32$9.9M$9.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$3K
Other fees for servicesLn 11g$37K
OccupancyLn 16$136K
Depreciation, depletion and amortizationLn 22$519K
Total functional expensesLn 25$695K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $452K$383K$69K$6.5M 990 PDF
FY2024 $268K$394K−$126K$6.5M 990 PDF
FY2023 $3.0M$4.4M−$1.4M$6.6M 990 PDF
FY2022 $549K$2.2M−$1.6M$8.0M 990 PDF
FY2021 $549K$702K−$153K$9.6M 990 PDF
FY2020 Viewing $546K$695K−$150K$9.8M 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 FY2020 990 (6 parts)
Part I · Summary $545,898 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $542,798$545,898
I-10 Investment incomePrior year −$13,000$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $529,798$545,898
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $663,317$695,458
I-18 Total expensesPrior year $663,317$695,458
I-19 Revenue less expensesPrior year −$133,519−$149,560
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $545,898 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $545,898$545,898
VIII-12 Total revenueRelated to mission $545,898 · Unrelated business $0 · Excluded from tax $0$545,898
Part IX · Statement of functional expenses $695,458 across 4 lines filed
IX-11c Accounting fees$3,497
IX-11g Other fees for services$36,987
IX-16 Occupancy$136,256
IX-22 Depreciation, depletion and amortization$518,718
IX-25 Total functional expenses$695,458
Part X · Balance sheet $9,762,561 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,042,102$1,295,219
X-9 Prepaid expenses and deferred chargesStart of year $11,454$11,496
X-10c Land, buildings and equipment, netStart of year $8,918,988$8,450,846
X-15 Other assetsStart of year $5,000$5,000
X-16 Total assetsStart of year $9,977,544$9,762,561
X-17 Accounts payable and accrued expensesStart of year $65,564$141
X-26 Total liabilitiesStart of year $65,564$141
X-27 Net assets without donor restrictionsStart of year $9,911,980$9,762,420
X-32 Total net assets or fund balancesStart of year $9,911,980$9,762,420
X-33 Total liabilities and net assetsStart of year $9,977,544$9,762,561
Part XI · Reconciliation of net assets $9,762,420 net assets at year end
XI-1 Total revenue$545,898
XI-2 Total expenses$695,458
XI-3 Revenue less expenses−$149,560
XI-4 Net assets at start of year$9,911,980
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,762,420

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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