Warren County Foundation FY2024 filing

Tax-deductible

Lebanon, OH501(c)(3)Since 1996Foundations & GrantmakersEIN 31-1565086

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To enhance the quality of life in Warren County by encouraging and facilitating charitable giving and making IT convenient, flexible and effective.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$175K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

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
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
4 of 5
filings with a surplus
Average surplus $473K a year · 18% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$175K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $272K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$5.0M
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.9M
-25% vs prior year
Spent
$2.2M
To programs
90%
Net assets
$16.9M
By yearFY2020–FY2024
Revenue
$2.9M
FY2024▼ -25%
Revenue by fiscal year
FY2020$1.8M
FY2021$2.2M
FY2022$2.5M
FY2023$3.8M
FY2024$2.9M
FY2024$4.2M
Expenses
$2.2M
FY2024▼ -22%
Expenses by fiscal year
FY2020$1.9M
FY2021$2.2M
FY2022$1.8M
FY2023$2.8M
FY2024$2.2M
FY2024$3.0M
Net assets
$16.9M
FY2024▲ +7%
Net assets by fiscal year
FY2020$13.5M
FY2021$15.6M
FY2022$14.0M
FY2023$15.8M
FY2024$16.9M
FY2024$18.2M

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1998.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $2.0M Management & general 10% · $223K

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

23 people listed on the 990; $175K 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
VP & Chief Admin
$90,000Pt VII · Sec A
President & CEO
$85,000Pt VII · Sec A
$0Pt VII · Sec A
$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

Tom Seddon’s $91K as President & CEO (until 6/2025) is at the 23rd percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Tom Seddon$90,866$85,000$85,200$85,190$80,657—
Michael Mansbridge$79,615$90,000————
Henry Brockman————$80,247$80,247
Mike Mansbridge——$75,500$75,500——
Mike McGinty$24,000—————

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 Warren County 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Manages charitable funds and distributes endowment income to provide scholarships and grants to local nonprofit organizations and community initiatives.

Provided by the organization

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2 programs · $2.0M · in their own filed words · FY2023
01

The Following Funds Have Been Created

Safe on main $758.02RUDISILL family creative arts fund $1,616.17RUTH a. Smith memorial scholarship fund $688.20LOMAN'S helping hand fund $5,156.97THE kathy samol foundation $6,010.33THE bruce r.

$2.0Mprogram expense
02

The farm on central community fund $19,977.76WARREN county park district charitable fund $50,126.29LAUREN e. Patrick soul arts fund $4,749.55WARREN county clover kids fund $221.25PRISON 2 promise foundation $0TOTAL funds created this fiscal year $298,300.56

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 10 funders →
Grants paid · 186 grants · $5.0M · 2019–2024
Warren County Park DistrictFY2024$154,844
Warren County FoundationOH · FY2024$95,342
Bethesda Foundation INCOH · FY2024$84,600
Unitemized GrantFY2024$79,444
Zoweh Ministries INCNC · FY2024$76,000
Lebanon Christian SchoolFY2024$24,830
Rotary InternationalOH · FY2024$24,377
Lebanon Food Pantry INCOH · FY2024$20,700
Matthew 25 Ministries INCOH · FY2024$20,500
Oeder FoundationOH · FY2024$20,000
New Freedom ChurchOH · FY2024$20,000
Classical Christian AcademyID · FY2024$20,000
See all 186 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.9M
Ln 12
Gifts and grantsLn 1h$2.4M
Investment incomeLn 3$510K
Money outPt IX
$2.2M
Ln 25
Programscol B$2.0M
Managementcol C$223K
Owns and owesPt X
$16.9M
net assets · Ln 32
Cash and savingsLn 1–2$150K
Total assetsLn 16$21.9M
LiabilitiesLn 26$5.0M
PeoplePt VI, VII
23
listed · VII A
PaidVII A2
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Investment incomeLn 3$510K
Gains on assetsLn 7$122K
Total revenueLn 12$2.9M
Assets in detailPt X, end of year
CashLn 1−$307K
SavingsLn 2$457K
Cash and savings togetherLn 1–2$150K
InvestmentsLn 11–13$21.0M
Land, buildings, equipmentLn 10c$209K
Other assetsLn 15$85K
Total assetsLn 16$21.9M
LiabilitiesLn 26$5.0M
Net assetsLn 32$16.9M
OperationsPt I, VI
EmployeesI 54
VolunteersI 6150
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 FY24End FY24
Cash and savingsLn 1–2$1.5M$150K
InvestmentsLn 11–13$17.7M$21.0M
Land, buildings, equipmentLn 10c$209K$209K
Total assetsLn 16$19.9M$21.9M
LiabilitiesLn 26$4.1M$5.0M
Net assetsLn 32$15.8M$16.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.7M$1.7M
Other salaries and wagesLn 7−$81K−$44K−$37K
Payroll taxesLn 10$422$227$195
Legal feesLn 11b$3K$2K$1K
Accounting feesLn 11c$7K$4K$3K
Investment management feesLn 11f$259K$139K$120K
Other fees for servicesLn 11g$81K$44K$37K
Advertising and promotionLn 12$22K$12K$10K
Office expensesLn 13$16K$9K$8K
Information technologyLn 14$14K$7K$6K
OccupancyLn 16$32K$17K$15K
Conferences, conventions and meetingsLn 19$57K$31K$27K
InsuranceLn 23$66K$36K$30K
Other expenses (24a–d)Ln 24$7K$4K$3K
All other expensesLn 24e$159$86$73
Total functional expensesLn 25$2.2M$2.0M$223K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $2.9M$2.2M$670K$16.9M 990 PDF
FY2023 $3.8M$2.8M$979K$15.8M 990 PDF
FY2022 $2.5M$1.8M$706K$14.0M 990 PDF
FY2021 $2.2M$2.2M$34K$15.6M 990 PDF
FY2020 $1.8M$1.9M−$25K$13.5M 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 (4 parts)
Part VIII · Statement of revenue $2,875,020 across 5 lines filed
VIII-1f All other contributions, gifts and grants$2,364,791
VIII-1h Total contributions, gifts and grants$2,364,791
VIII-3 Investment incomeExcluded from tax $388,323$388,323
VIII-7 Net gain or loss on sales of assetsExcluded from tax $121,906$121,906
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $510,229$2,875,020
Part IX · Statement of functional expenses $2,204,549 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $1,721,462$1,721,462
IX-7 Other salaries and wagesPrograms −$43,655 · Management −$37,488−$81,143
IX-10 Payroll taxesPrograms $227 · Management $195$422
IX-11b Legal feesPrograms $1,651 · Management $1,417$3,068
IX-11c Accounting feesPrograms $3,704 · Management $3,181$6,885
IX-11f Investment management feesPrograms $139,188 · Management $119,526$258,714
IX-11g Other fees for servicesPrograms $43,591 · Management $37,433$81,024
IX-12 Advertising and promotionPrograms $11,766 · Management $10,104$21,870
IX-13 Office expensesPrograms $8,820 · Management $7,574$16,394
IX-14 Information technologyPrograms $7,333 · Management $6,297$13,630
IX-16 OccupancyPrograms $17,198 · Management $14,769$31,967
IX-19 Conferences, conventions and meetingsPrograms $30,927 · Management $26,558$57,485
IX-23 InsurancePrograms $35,503 · Management $30,488$65,991
IX-24 Other expenses (24a–d)Programs $3,562 · Management $3,059$6,621
IX-24e All other expensesPrograms $86 · Management $73$159
IX-25 Total functional expensesPrograms $1,981,363 · Management $223,186 · Fundraising $0$2,204,549
Part X · Balance sheet $21,940,720 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,204,479−$306,924
X-2 Savings and temporary cash investmentsStart of year $298,576$456,741
X-3 Pledges and grants receivableStart of year $27,556$27,556
X-4 Accounts receivableStart of year $381,847$446,919
X-9 Prepaid expenses and deferred chargesStart of year $46$46
X-10c Land, buildings and equipment, netStart of year $209,333$209,333
X-11 Publicly traded securitiesStart of year $17,652,963$21,021,685
X-15 Other assetsStart of year $85,364$85,364
X-16 Total assetsStart of year $19,860,164$21,940,720
X-17 Accounts payable and accrued expensesStart of year $441,201$464,721
X-25 Other liabilitiesStart of year $3,637,671$4,549,400
X-26 Total liabilitiesStart of year $4,078,872$5,014,121
X-27 Net assets without donor restrictionsStart of year $7,602,520$8,155,235
X-28 Net assets with donor restrictionsStart of year $8,178,772$8,771,364
X-32 Total net assets or fund balancesStart of year $15,781,292$16,926,599
X-33 Total liabilities and net assetsStart of year $19,860,164$21,940,720
Part XI · Reconciliation of net assets $16,926,599 net assets at year end
XI-1 Total revenue$2,875,020
XI-2 Total expenses$2,204,549
XI-3 Revenue less expenses$670,471
XI-4 Net assets at start of year$15,781,292
XI-5 Net unrealized gains (losses) on investments$1,400,859
XI-8 Prior period adjustments−$429,145
XI-9 Other changes in net assets−$496,878
XI-10 Net assets at end of year$16,926,599

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

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