To improve the quality of life for all citizens of Licking County

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$205K 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

FY2020 · 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
5 of 5
filings with a surplus
Average surplus $11.3M a year · 64% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$205K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $118.9M in investments, Pt X · Ln 11–13
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $35K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$11.7M
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.2M
Spent
$5.1M
To programs
85%
Net assets
$116.6M
By yearFY2020–FY2024
Revenue
$5.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$5.2M
FY2021$12.5M
FY2022$12.3M
FY2023$14.5M
FY2024$44.6M
Expenses
$5.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$5.1M
FY2021$5.9M
FY2022$7.6M
FY2023$6.1M
FY2024$7.7M
Net assets
$116.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$116.6M
FY2021$134.3M
FY2022$115.4M
FY2023$130.4M
FY2024$148.1M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Jun 2002.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $4.3M Management & general 11% · $541K Fundraising 5% · $230K

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; $205K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$130,405Pt VII · Sec A
Financial Officer
$74,968Pt VII · Sec A
Immediate Past Chair
$0Pt VII · Sec A
Secretary & Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Mike Schmidt’s $153K as President is at the 16th percentile of top reported officer pay among 661 $10–100M 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Constance J Hawk—$153,365$155,593$138,625$130,405
Mike Schmidt$153,300————
Dean Busack$115,800$102,892$86,494$78,652$74,968

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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5 open jobs right now. See them →

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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

Connects local donors with community needs by awarding grants to charitable organizations that enhance education, health, culture, and civic life in Licking County.

Questions for Licking County Foundation INC

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Provided by the organization

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1 program · $4.3M · in their own filed words · FY2020
01

Licking county foundation is a public charitable organization made up of a diverse collection of funds given by caring individuals, businesses, and organizations that have a common concern for the well-being of the people of licking county.

$4.3Mprogram expense

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
Total grants receivedfrom 1 funder$35K
Grants paid · 534 grants · $23.4M · 2020–2024
Northridge Local School DistrictFY2024$1,441,278
Unitemized GrantFY2024$1,115,089
Licking County Family YMCAOH · FY2024$285,241
A Call to CollegeOH · FY2024$187,347
Vista Village INCOH · FY2024$100,000
Second Presbyterian ChurchFY2024$98,183
Central Ohio Technical CollegeFY2024$75,688
Newark Development PartnersOH · FY2024$71,000
Weathervane Playhouse INCOH · FY2024$50,795
The Salvation ArmyFY2024$42,543
See all 534 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$5.2M
Ln 12
Gifts and grantsLn 1h$3.5M
Investment incomeLn 3$1.6M
Fees for servicesLn 2g$39K
Money outPt IX
$5.1M
Ln 25
Programscol B$4.3M
Managementcol C$541K
Fundraisingcol D$230K
Owns and owesPt X
$116.6M
net assets · Ln 32
Cash and savingsLn 1–2$705K
Total assetsLn 16$128.3M
LiabilitiesLn 26$11.7M
PeoplePt VI, VII
15
listed · VII A
PaidVII A2
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.5M
Government grantsLn 1e$900K
Noncash giftsLn 1g$544K
Fees for servicesLn 2g$39K
Investment incomeLn 3$1.6M
Other incomeLn 4–11$34K
Gains on assetsLn 7−$518K
Total revenueLn 12$5.2M
Assets in detailPt X, end of year
CashLn 1$705K
Cash and savings togetherLn 1–2$705K
InvestmentsLn 11–13$118.9M
Land, buildings, equipmentLn 10c$7.9M
Other assetsLn 15$283K
Total assetsLn 16$128.3M
LiabilitiesLn 26$11.7M
Net assetsLn 32$116.6M
OperationsPt I, VI
EmployeesI 57
VolunteersI 6156
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$544K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$24K$705K
InvestmentsLn 11–13$105.6M$118.9M
Land, buildings, equipmentLn 10c$7.5M$7.9M
Total assetsLn 16$114.1M$128.3M
LiabilitiesLn 26$10.5M$11.7M
Net assetsLn 32$103.6M$116.6M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.8M$2.8M
Grants to domestic individualsLn 2$1.1M$1.1M
Pay of current officers, directors and key staffLn 5$240K$84K$89K$67K
Other salaries and wagesLn 7$191K$68K$71K$52K
Pension plan contributionsLn 8$9K$3K$3K$2K
Other employee benefitsLn 9$30K$11K$11K$8K
Payroll taxesLn 10$29K$10K$11K$8K
Legal feesLn 11b$92K$72K$20K
Accounting feesLn 11c$18K$18K
Investment management feesLn 11f$233K$233K
Other fees for servicesLn 11g$65K$61K$4K$144
Advertising and promotionLn 12$62K$15K$46K
Office expensesLn 13$23K$8K$9K$7K
Information technologyLn 14$74K$26K$27K$20K
OccupancyLn 16$67K$53K$8K$6K
Depreciation, depletion and amortizationLn 22$80K$50K$17K$13K
InsuranceLn 23$38K$29K$10K
All other expensesLn 24e$16K$6K$11K$124
Total functional expensesLn 25$5.1M$4.3M$541K$230K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 14, 2025 $44.6M$7.7M$36.9M$148.1M 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $14.5M$6.1M$8.3M$130.4M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $12.3M$7.6M$4.6M$115.4M 990 PDF
FY2021Filed with the IRS Nov 4, 2022 $12.5M$5.9M$6.6M$134.3M 990 PDF
FY2020 ViewingFiled with the IRS Sep 21, 2021 $5.2M$5.1M$71K$116.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $5,181,823 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,698,877$3,472,602
I-9 Program service revenuePrior year $43,192$39,148
I-10 Investment incomePrior year $4,056,857$1,635,814
I-11 Other revenuePrior year $29,131$34,259
I-12 Total revenuePrior year $7,828,057$5,181,823
I-13 Grants and similar amounts paidPrior year $4,319,227$3,843,246
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $459,115$497,954
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $798,354$769,129
I-18 Total expensesPrior year $5,576,696$5,110,329
I-19 Revenue less expensesPrior year $2,251,361$71,494
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $5,181,823 across 9 lines filed
VIII-1e Government grants$900,000
VIII-1f All other contributions, gifts and grants$2,572,602
VIII-1g Noncash contributions (included above)$543,881
VIII-1h Total contributions, gifts and grants$3,472,602
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $39,148$39,148
VIII-3 Investment incomeUnrelated business −$31,264 · Excluded from tax $2,184,984$2,153,720
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$517,906−$517,906
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $34,259$34,259
VIII-12 Total revenueRelated to mission $73,407 · Unrelated business −$31,264 · Excluded from tax $1,667,078$5,181,823
Part IX · Statement of functional expenses $5,110,329 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $2,786,349$2,786,349
IX-2 Grants to domestic individualsPrograms $1,056,897$1,056,897
IX-5 Pay of current officers, directors and key staffPrograms $83,954 · Management $88,671 · Fundraising $66,992$239,617
IX-7 Other salaries and wagesPrograms $67,758 · Management $70,730 · Fundraising $52,250$190,738
IX-8 Pension plan contributionsPrograms $3,141 · Management $3,299 · Fundraising $2,468$8,908
IX-9 Other employee benefitsPrograms $10,548 · Management $11,084 · Fundraising $8,291$29,923
IX-10 Payroll taxesPrograms $10,142 · Management $10,655 · Fundraising $7,971$28,768
IX-11b Legal feesPrograms $72,224 · Management $19,992$92,216
IX-11c Accounting feesManagement $17,750$17,750
IX-11f Investment management feesManagement $233,343$233,343
IX-11g Other fees for servicesPrograms $61,326 · Management $3,529 · Fundraising $144$64,999
IX-12 Advertising and promotionPrograms $15,475 · Fundraising $46,425$61,900
IX-13 Office expensesPrograms $7,748 · Management $8,749 · Fundraising $6,548$23,045
IX-14 Information technologyPrograms $26,020 · Management $27,338 · Fundraising $20,450$73,808
IX-16 OccupancyPrograms $53,308 · Management $7,953 · Fundraising $5,950$67,211
IX-22 Depreciation, depletion and amortizationPrograms $50,452 · Management $16,908 · Fundraising $12,649$80,009
IX-23 InsurancePrograms $28,524 · Management $9,974$38,498
IX-24e All other expensesPrograms $5,700 · Management $10,526 · Fundraising $124$16,350
IX-25 Total functional expensesPrograms $4,339,566 · Management $540,501 · Fundraising $230,262$5,110,329
Part X · Balance sheet $128,269,065 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $24,255$705,335
X-3 Pledges and grants receivable$425,178
X-9 Prepaid expenses and deferred chargesStart of year $26,916$14,553
X-10c Land, buildings and equipment, netStart of year $7,538,285$7,898,990
X-11 Publicly traded securitiesStart of year $99,627,038$112,506,300
X-12 Other securitiesStart of year $5,996,064$6,435,338
X-15 Other assetsStart of year $310,113$283,371
X-16 Total assetsStart of year $114,094,276$128,269,065
X-17 Accounts payable and accrued expensesStart of year $106,478$61,023
X-18 Grants payableStart of year $220,253$252,697
X-24 Unsecured notes and loans payableStart of year $83,984$107,724
X-25 Other liabilitiesStart of year $10,131,795$11,285,135
X-26 Total liabilitiesStart of year $10,542,510$11,706,579
X-27 Net assets without donor restrictionsStart of year $99,845,981$112,804,644
X-28 Net assets with donor restrictionsStart of year $3,705,785$3,757,842
X-32 Total net assets or fund balancesStart of year $103,551,766$116,562,486
X-33 Total liabilities and net assetsStart of year $114,094,276$128,269,065
Part XI · Reconciliation of net assets $116,562,486 net assets at year end
XI-1 Total revenue$5,181,823
XI-2 Total expenses$5,110,329
XI-3 Revenue less expenses$71,494
XI-4 Net assets at start of year$103,551,766
XI-5 Net unrealized gains (losses) on investments$14,092,566
XI-9 Other changes in net assets−$1,153,340
XI-10 Net assets at end of year$116,562,486

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

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