The Foundation for Firelands: Nonprofit Profile, Financials & Form 990 (EIN 34-1401660)

Revenue by fiscal year
FY2020	$2.2M
FY2021	$5.4M
FY2022	$2.0M
FY2023	$1.9M
FY2024	$4.1M

Expenses by fiscal year
FY2020	$484K
FY2021	$517K
FY2022	$514K
FY2023	$490K
FY2024	$512K

Net assets by fiscal year
FY2020	$40.0M
FY2021	$44.7M
FY2022	$38.0M
FY2023	$44.1M
FY2024	$49.2M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1984.

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

Where the money goes

71 cents of each dollar spent went to programs.

71%

29%

Program services 71% · $365K Management & general 29% · $147K

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.

Part VII, Section A · reportable compensation

J William Springer

Chair

$0Pt VII · Sec A

Thomsa Wolf

Vice Chair

$0Pt VII · Sec A

Lee Alexakos

Director

$0Pt VII · Sec A

Jude Guerra

Director

$0Pt VII · Sec A

Roger Gundlach

Director - Part Year

$0Pt VII · Sec A

Mary Jane Hill

Director

$0Pt VII · Sec A

Bryan Kasper

Director

$0Pt VII · Sec A

Daniel Keller

Director

$0Pt VII · Sec A

See The Foundation for Firelands 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

Supports community healthcare by funding a regional medical center and related nonprofits.

Provided by the organization

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1 program · $365K · in their own filed words · FY2024

01

Financial support for medical education, scholarships, medical staff fees, indigent care, service to outlying communities, nursing education and other operating expenses.

$365Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2024

Sam S Stein and Rose Stein FoundationFY2024$22K

Donor Advised Charitable Giving INCFY2024$8K

Paul Motry Memorial FundFY2024$4K

Patrick and Cam Shenigo Family FoundationFY2024$2K

Total grants receivedfrom 4 funders$36K

See all 4 funders →

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$4.1M

Ln 12

Investment incomeLn 3$4.1M

Gifts and grantsLn 1h$5K

Money outPt IX

$512K

Ln 25

Programscol B$365K

Managementcol C$147K

Owns and owesPt X

$49.2M

net assets · Ln 32

Cash and savingsLn 1–2$10K

Total assetsLn 16$50.3M

LiabilitiesLn 26$1.0M

PeoplePt VI, VII

23

listed · VII A

PaidVII A0

Voting boardVI 1a20

IndependentVI 1b19

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$5K

Investment incomeLn 3$4.1M

Gains on assetsLn 7$577K

Total revenueLn 12$4.1M

Assets in detailPt X, end of year

CashLn 1$10K

Cash and savings togetherLn 1–2$10K

InvestmentsLn 11–13$49.1M

Other assetsLn 15$1.1M

Total assetsLn 16$50.3M

LiabilitiesLn 26$1.0M

Net assetsLn 32$49.2M

OperationsPt I, VI

EmployeesI 50

VolunteersI 613

Fiscal year endsHeaderDecember

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$8K	$10K
InvestmentsLn 11–13	$44.4M	$49.1M
Total assetsLn 16	$45.1M	$50.3M
LiabilitiesLn 26	$987K	$1.0M
Net assetsLn 32	$44.1M	$49.2M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Investment management feesLn 11f	$147K		$147K
Payments to affiliatesLn 21	$365K	$365K
Total functional expensesLn 25	$512K	$365K	$147K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$4.1M	$512K	$3.6M	$49.2M	990 PDF
FY2023	$1.9M	$490K	$1.4M	$44.1M	990 PDF
FY2022	$2.0M	$514K	$1.5M	$38.0M	990 PDF
FY2021	$5.4M	$517K	$4.8M	$44.7M	990 PDF
FY2020	$2.2M	$484K	$1.8M	$40.0M	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 (6 parts)

Part I · Summary $4,100,586 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $3,750$4,640

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $1,879,854$4,129,727

I-11 Other revenuePrior year −$23,428−$33,781

I-12 Total revenuePrior year $1,860,176$4,100,586

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 $490,399$511,905

I-18 Total expensesPrior year $490,399$511,905

I-19 Revenue less expensesPrior year $1,369,777$3,588,681

Part VI · Governance 19 of 20 board members independent, 1 to look at

VI-1a Voting members of the governing body20

VI-1b Independent voting members19

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 $4,100,586 across 6 lines filed

VIII-1f All other contributions, gifts and grants$4,640

VIII-1h Total contributions, gifts and grants$4,640

VIII-3 Investment incomeExcluded from tax $3,552,734$3,552,734

VIII-7 Net gain or loss on sales of assetsExcluded from tax $576,993$576,993

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission −$888 · Unrelated business −$32,893−$33,781

VIII-12 Total revenueRelated to mission −$888 · Unrelated business −$32,893 · Excluded from tax $4,129,727$4,100,586

Part IX · Statement of functional expenses $511,905 across 2 lines filed

IX-11f Investment management feesManagement $147,161$147,161

IX-21 Payments to affiliatesPrograms $364,744$364,744

IX-25 Total functional expensesPrograms $364,744 · Management $147,161 · Fundraising $0$511,905

Part X · Balance sheet $50,279,558 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $8,219$9,675

X-11 Publicly traded securitiesStart of year $42,983,682$47,691,686

X-13 Program-related investmentsStart of year $1,460,800$1,456,661

X-15 Other assetsStart of year $676,151$1,121,536

X-16 Total assetsStart of year $45,128,852$50,279,558

X-17 Accounts payable and accrued expensesStart of year $987,332$1,037,902

X-26 Total liabilitiesStart of year $987,332$1,037,902

X-27 Net assets without donor restrictionsStart of year $43,248,221$48,302,601

X-28 Net assets with donor restrictionsStart of year $893,299$939,055

X-32 Total net assets or fund balancesStart of year $44,141,520$49,241,656

X-33 Total liabilities and net assetsStart of year $45,128,852$50,279,558

Part XI · Reconciliation of net assets $49,241,656 net assets at year end

XI-1 Total revenue$4,100,586

XI-2 Total expenses$511,905

XI-3 Revenue less expenses$3,588,681

XI-4 Net assets at start of year$44,141,520

XI-5 Net unrealized gains (losses) on investments$757,395

XI-9 Other changes in net assets$754,060

XI-10 Net assets at end of year$49,241,656

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

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The Foundation for Firelands

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

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV