1898 Foundation INC: Nonprofit Profile, Financials & Form 990 (EIN 32-0716037)

Revenue by fiscal year
FY2023	$14K
FY2025	$575K

Net assets by fiscal year
FY2023	$13K
FY2025	$456K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2023.

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

Where the money goes

92 cents of each dollar spent went to programs.

92%

Program services 92% · $198K Management & general 6% · $13K Fundraising 3% · $6K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation

C Reid Schmutz

President

$0Pt VII · Sec A

Paul Homick

Secretary

$0Pt VII · Sec A

Jacquelyn Motsinger

Trustee

$0Pt VII · Sec A

H William Lawson

Treasurer

$0Pt VII · Sec A

Jeffery Hill

Trustee

$0Pt VII · Sec A

See 1898 Foundation INC executive salaries →

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

1898 Foundation INC is an arts and culture nonprofit based in Youngstown, OH, formed in 2022.

Questions for 1898 Foundation INC

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1 program · $198K · in their own filed words · FY2024

01

The 1898 foundation, founded in 2022, is an independent, autonomous, private, non-profit corporation that pursues, manages, and distributes resources to support and preserve the historic district and historic place of the youngstown country club and other historic designated golf courses and facilities in mahoning and trumbull counties…

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 32-0716037) · Dispute this line

$198Kprogram 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 · FY2024

Farmers Charitable Foundation Xxx-Xx-XxxxFY2024$150K

National Philanthropic TrustFY2024$36K

Total grants receivedfrom 2 funders$186K

Grants paid · 1 grant · $25K · 2024–2024

Youngstown State University FoundationOH · FY2024$25,000

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$575K

Ln 12

Gifts and grantsLn 1h$559K

Investment incomeLn 3$14K

Other incomeLn 4–11$2K

Money outPt IX

$216K

Ln 25

Programscol B$198K

Managementcol C$13K

Fundraisingcol D$6K

Owns and owesPt X

$456K

net assets · Ln 32

Cash and savingsLn 1–2$1K

Total assetsLn 16$456K

LiabilitiesLn 26$0

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$559K

Noncash giftsLn 1g$87K

Investment incomeLn 3$14K

Other incomeLn 4–11$2K

Gains on assetsLn 7$2K

Total revenueLn 12$575K

Assets in detailPt X, end of year

SavingsLn 2$1K

Cash and savings togetherLn 1–2$1K

InvestmentsLn 11–13$455K

Total assetsLn 16$456K

LiabilitiesLn 26$0

Net assetsLn 32$456K

OperationsPt I, VI

EmployeesI 50

VolunteersI 65

Fiscal year endsHeaderSeptember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14Yes

3More from this return

Abroad and in kindSch F, M

Noncash gifts receivedSch M Pt I$87K

4Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$100K	$1K
InvestmentsLn 11–13		$455K
Total assetsLn 16	$100K	$456K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$100K	$456K

5Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$35K	$35K
Accounting feesLn 11c	$10K	$5K	$5K
Office expensesLn 13	$8K		$8K
Other expenses (24a–d)Ln 24	$164K	$158K		$6K
Total functional expensesLn 25	$216K	$198K	$13K	$6K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS Aug 17, 2026	$575K	$216K	$359K	$456K	990 PDF
FY2024	Not on file
FY2023Filed with the IRS Feb 12, 2024	$14K			$13K	990 PDF

Schedules filed Part IV

A · Public support B · Donors I · Grants M · Noncash O · Explanations

See the full FY2025 990

Part I · Summary $575,196 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $108,777$559,121

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $2,035$16,075

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $110,812$575,196

I-13 Grants and similar amounts paidPrior year $0$35,000

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 $23,559$181,430

I-18 Total expensesPrior year $23,559$216,430

I-19 Revenue less expensesPrior year $87,253$358,766

Part VI · Governance 5 of 5 board members independent, 2 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

VI-13 Written whistleblower policyNo

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-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $575,196 across 6 lines filed

VIII-1f All other contributions, gifts and grants$559,121

VIII-1g Noncash contributions (included above)$86,945

VIII-1h Total contributions, gifts and grants$559,121

VIII-3 Investment incomeExcluded from tax $14,049$14,049

VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,026$2,026

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $16,075$575,196

Part IX · Statement of functional expenses $216,430 across 4 lines filed

IX-1 Grants to domestic organizationsPrograms $35,000$35,000

IX-11c Accounting feesPrograms $4,919 · Management $4,919$9,838

IX-13 Office expensesManagement $7,752$7,752

IX-24 Other expenses (24a–d)Programs $158,180 · Fundraising $5,660$163,840

IX-25 Total functional expensesPrograms $198,099 · Management $12,671 · Fundraising $5,660$216,430

Part X · Balance sheet $456,153 assets, 7 lines filed

X-2 Savings and temporary cash investmentsStart of year $100,486$1,491

X-11 Publicly traded securities$454,662

X-16 Total assetsStart of year $100,486$456,153

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $100,486$456,153

X-32 Total net assets or fund balancesStart of year $100,486$456,153

X-33 Total liabilities and net assetsStart of year $100,486$456,153

Part XI · Reconciliation of net assets $456,153 net assets at year end

XI-1 Total revenue$575,196

XI-2 Total expenses$216,430

XI-3 Revenue less expenses$358,766

XI-4 Net assets at start of year$100,486

XI-5 Net unrealized gains (losses) on investments−$3,099

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$456,153

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

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1898 Foundation INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for 1898 Foundation INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV