The Van Wert County Foundation

Tax-deductible

Van Wert, OH501(c)(3)Since 1925EIN 34-0907558

The mission is to receive and invest contributions to further the mental, moral, intellectual or physical welfare and advancement of citizens of van wert county, ohio and such other areas as directed by a donor. The van wert county foundation transforms quality of life by supporting purposeful endowments, inspiring collective growth, and building initiatives for the future.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Run by 15 volunteers and 13 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
2 of 5
filings with a surplus
Average surplus $1.5M a year · 24% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$309K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $11K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.5M
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.7M
+182% vs prior year
Spent
$5.9M
To programs
80%
Net assets
$83.0M
By yearFY2020–FY2024
Revenue
$12.7M
FY2024▲ +182%
Revenue by fiscal year
FY2020$5.9M
FY2021$5.2M
FY2022$4.3M
FY2023$4.5M
FY2024$12.7M
Expenses
$5.9M
FY2024▲ +10%
Expenses by fiscal year
FY2020$4.0M
FY2021$5.4M
FY2022$4.4M
FY2023$5.3M
FY2024$5.9M
Net assets
$83.0M
FY2024▲ +10%
Net assets by fiscal year
FY2020$75.0M
FY2021$81.1M
FY2022$70.5M
FY2023$75.5M
FY2024$83.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1951.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $4.7M Management & general 20% · $1.2M

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

Who runs it and what they're paid

18 people listed on the 990; $309K paid to officers and key staff.

Part VII, Section A · reportable compensation
$140,968Pt VII · Sec A
Director of Property Development
$118,070Pt VII · Sec A
$50,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Seth Baker$140,968$128,147$122,212$111,672$101,288
Spencer Creekmore$118,070————
Michael Holiday$50,000$35,000———
Michael Holliday——$27,500$3,365—

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 The Van Wert 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

Invests donor contributions into community endowments, initiatives, and local arts programs to improve the quality of life for residents in Van Wert County, Ohio.

Provided by the organization

This section is blank until The Van Wert County Foundation claims this page.

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3 program services account for $4.6M of program spending, described in the organization's own filed words · FY2024.
01

Allocations to charitable organizations and to governmental units to further the mental, moral, intellectual, or physical welfare and advancement of the citizens of van wert, ohio, surrounding communities, and other such areas as directed by our donors.

$2.7Mprogram expense
02

Provided scholarships to individual students in van wert, paulding, and other surrounding ohio counties where the foundation has significant involvement and the ability to monitor qualifications.

$1.2Mprogram expense
03

The foundation supports the arts through the support of the van wert performing arts foundation which brings performing arts entertainment to van wert county at multiple venues in the area including powering the summer music series in fountain park.

$615Kprogram expense

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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
Total grants receivedfrom 2 funders$11K
Grants paid · 217 grants · $14.9M · 2020–2024
Unitemized GrantFY2024$1,213,650
Vantage Career CenterFY2024$138,279
Van Wert City SchoolsFY2024$115,291
Crestview Local SchoolsFY2024$41,620
Ohio Health FoundationOH · FY2024$35,664
Van Wert County 4-HFY2024$35,000
Main Street Van Wert INCOH · FY2024$25,000
Lifewise AcademyOH · FY2024$21,215
See all 217 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$12.7M
Ln 12
Gifts and grantsLn 1h$5.8M
Investment incomeLn 3$4.2M
Fees for servicesLn 2g$1.6M
Money outPt IX
$5.9M
Ln 25
Programscol B$4.7M
Managementcol C$1.2M
Owns and owesPt X
$83.0M
net assets · Ln 32
Cash and savingsLn 1–2$567K
Total assetsLn 16$85.5M
LiabilitiesLn 26$2.5M
PeoplePt VI, VII
18
listed · VII A
PaidVII A3
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.8M
Government grantsLn 1e$399K
Noncash giftsLn 1g$1.1M
Fees for servicesLn 2g$1.6M
Investment incomeLn 3$4.2M
Other incomeLn 4–11$1.2M
Gains on assetsLn 7$2.6M
Total revenueLn 12$12.7M
Assets in detailPt X, end of year
CashLn 1$567K
Cash and savings togetherLn 1–2$567K
InvestmentsLn 11–13$66.3M
Land, buildings, equipmentLn 10c$11.9M
Other assetsLn 15$413K
Total assetsLn 16$85.5M
LiabilitiesLn 26$2.5M
Net assetsLn 32$83.0M
OperationsPt I, VI
EmployeesI 513
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$774K$567K
InvestmentsLn 11–13$61.7M$66.3M
Land, buildings, equipmentLn 10c$12.0M$11.9M
Total assetsLn 16$77.9M$85.5M
LiabilitiesLn 26$2.4M$2.5M
Net assetsLn 32$75.5M$83.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.3M$2.3M
Grants to domestic individualsLn 2$1.2M$1.2M
Pay of current officers, directors and key staffLn 5$206K$54K$152K
Other salaries and wagesLn 7$596K$596K
Pension plan contributionsLn 8$24K$24K
Other employee benefitsLn 9$26K$26K
Payroll taxesLn 10$60K$60K
Legal feesLn 11b$15K$15K
Accounting feesLn 11c$77K$77K
Investment management feesLn 11f$15K$15K
Other fees for servicesLn 11g$9K$1K$8K
Advertising and promotionLn 12$12K$718$12K
Office expensesLn 13$21K$21K
Information technologyLn 14$57K$57K
OccupancyLn 16$155K$121K$34K
TravelLn 17$253$253
Depreciation, depletion and amortizationLn 22$122K$116K$6K
InsuranceLn 23$12K$3K$9K
Other expenses (24a–d)Ln 24$952K$872K$81K
Total functional expensesLn 25$5.9M$4.7M$1.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $12.7M$5.9M$6.8M$83.0M 990 PDF
FY2023 $4.5M$5.3M−$828K$75.5M 990 PDF
FY2022 $4.3M$4.4M−$81K$70.5M 990 PDF
FY2021 $5.2M$5.4M−$144K$81.1M 990 PDF
FY2020 $5.9M$4.0M$1.9M$75.0M 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 $12,731,957 across 10 lines filed
VIII-1e Government grants$399,065
VIII-1f All other contributions, gifts and grants$5,379,854
VIII-1g Noncash contributions (included above)$1,051,191
VIII-1h Total contributions, gifts and grants$5,778,919
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,571,174$1,571,174
VIII-3 Investment incomeExcluded from tax $1,533,201$1,533,201
VIII-6 Net rental income or lossExcluded from tax $372,281$372,281
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,622,737$2,622,737
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $853,645$853,645
VIII-12 Total revenueRelated to mission $1,571,174 · Unrelated business $0 · Excluded from tax $5,381,864$12,731,957
Part IX · Statement of functional expenses $5,887,737 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $2,313,538$2,313,538
IX-2 Grants to domestic individualsPrograms $1,213,650$1,213,650
IX-5 Pay of current officers, directors and key staffPrograms $53,894 · Management $152,004$205,898
IX-7 Other salaries and wagesManagement $596,435$596,435
IX-8 Pension plan contributionsManagement $23,990$23,990
IX-9 Other employee benefitsManagement $26,183$26,183
IX-10 Payroll taxesManagement $59,854$59,854
IX-11b Legal feesManagement $15,360$15,360
IX-11c Accounting feesManagement $77,165$77,165
IX-11f Investment management feesManagement $15,000$15,000
IX-11g Other fees for servicesPrograms $1,138 · Management $7,786$8,924
IX-12 Advertising and promotionPrograms $718 · Management $11,557$12,275
IX-13 Office expensesManagement $21,102$21,102
IX-14 Information technologyManagement $57,346$57,346
IX-16 OccupancyPrograms $121,298 · Management $33,626$154,924
IX-17 TravelManagement $253$253
IX-22 Depreciation, depletion and amortizationPrograms $115,557 · Management $5,967$121,524
IX-23 InsurancePrograms $2,801 · Management $9,345$12,146
IX-24 Other expenses (24a–d)Programs $871,635 · Management $80,535$952,170
IX-25 Total functional expensesPrograms $4,694,229 · Management $1,193,508 · Fundraising $0$5,887,737
Part X · Balance sheet $85,540,758 assets, 19 lines filed
Asset lines not itemized here account for $5,178,385; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $773,618$567,083
X-3 Pledges and grants receivableStart of year $595,394$195,254
X-4 Accounts receivableStart of year $399,761$339,965
X-8 Inventories for sale or useStart of year $603,733$449,024
X-9 Prepaid expenses and deferred chargesStart of year $147,329$124,529
X-10c Land, buildings and equipment, netStart of year $11,998,543$11,935,527
X-11 Publicly traded securitiesStart of year $50,290,626$46,900,382
X-12 Other securitiesStart of year $11,395,226$19,437,702
X-15 Other assetsStart of year $27,846$412,907
X-16 Total assetsStart of year $77,906,636$85,540,758
X-17 Accounts payable and accrued expensesStart of year $203,170$139,824
X-18 Grants payableStart of year $0$31,500
X-19 Deferred revenueStart of year $0$15,784
X-25 Other liabilitiesStart of year $1,540,255$1,550,586
X-26 Total liabilitiesStart of year $2,432,730$2,502,839
X-27 Net assets without donor restrictionsStart of year $2,522,791$2,858,064
X-28 Net assets with donor restrictionsStart of year $72,951,115$80,179,855
X-32 Total net assets or fund balancesStart of year $75,473,906$83,037,919
X-33 Total liabilities and net assetsStart of year $77,906,636$85,540,758
Part XI · Reconciliation of net assets $83,037,919 net assets at year end
XI-1 Total revenue$12,731,957
XI-2 Total expenses$5,887,737
XI-3 Revenue less expenses$6,844,220
XI-4 Net assets at start of year$75,473,906
XI-5 Net unrealized gains (losses) on investments$588,299
XI-9 Other changes in net assets$131,494
XI-10 Net assets at end of year$83,037,919

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

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