Logan County Education Foundation

Tax-deductible

Bellefontaine, OH501(c)(3)Since 1989EducationEIN 34-1598184Revenue $695K in FY2024

On file with the IRSlcedfd.org1973 State Route 47 W, 43311-9328 · Bellefontaine, OHTax-exempt since Dec 1989Publicly supported charity — 170(b)(1)(A)(vi)

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To promote educational excellence in our community by raising funds to award teacher grants to educators and managing privately funded teacher grant and scholarship funds to award grants to educators and scholarships to students.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
Run by 15 volunteers.
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
3 of 4
filings with a surplus
Average surplus $62K a year · 21% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 25 voting members
Looks good: 24 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$695K
+153% vs prior year
Spent
$268K
To programs
71%
Net assets
$5.2M
By yearFY2021–FY2024
Revenue
$695K
FY2024▲ +153%
Tap a bar for its year
Revenue by fiscal year
FY2021$375K
FY2022$371K
FY2023$153K
FY2024$275K
FY2024$695K
Expenses
$268K
FY2024▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2021$206K
FY2022$215K
FY2023$271K
FY2024$232K
FY2024$268K
Net assets
$5.2M
FY2024▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2021$4.8M
FY2022$4.0M
FY2023$4.2M
FY2024$4.6M
FY2024$5.2M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1989.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $191K Management & general 29% · $77K

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

27 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Logan County Education 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides grants to teachers and scholarships to students.

Questions for Logan County Education Foundation

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Provided by the organization

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1 program · $191K · in their own filed words · FY2024
01

Scholarships and Grants-Donations received by the Logan County Education Foundation were distributed to the students and teachers for tuition and other activities that directly enhanced their education. Thousands of children benefit from these programs.

$191Kprogram 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$15K
Grants paid · 11 grants · $833K · 2020–2024
Unitemized GrantFY2024$166,706
Bellefontaine City SchoolsFY2024$8,902
Indian Lake Local School DistrictFY2024$7,194
Unitemized GrantFY2023$142,250
Bellefontaine City SchoolsFY2023$7,350
Unitemized GrantFY2022$187,186
Bellefontaine City SchoolsFY2022$5,550
Unitemized GrantFY2021$125,182
Unitemized GrantFY2020$169,947

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$695K
Ln 12
Investment incomeLn 3$364K
Gifts and grantsLn 1h$317K
Other incomeLn 4–11$13K
Money outPt IX
$268K
Ln 25
Programscol B$191K
Managementcol C$77K
Owns and owesPt X
$5.2M
net assets · Ln 32
Cash and savingsLn 1–2$55K
Total assetsLn 16$5.2M
LiabilitiesLn 26$0
PeoplePt VI, VII
27
listed · VII A
PaidVII A0
Voting boardVI 1a25
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$317K
Fundraising eventsLn 1c$15K
Investment incomeLn 3$364K
Other incomeLn 4–11$13K
Gains on assetsLn 7$183K
Total revenueLn 12$695K
Assets in detailPt X, end of year
CashLn 1$55K
Cash and savings togetherLn 1–2$55K
InvestmentsLn 11–13$5.1M
Total assetsLn 16$5.2M
LiabilitiesLn 26$0
Net assetsLn 32$5.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$58K$55K
InvestmentsLn 11–13$4.6M$5.1M
Total assetsLn 16$4.6M$5.2M
LiabilitiesLn 26$0$0
Net assetsLn 32$4.6M$5.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$25K$25K
Grants to domestic individualsLn 2$167K$167K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$23K$23K
Legal feesLn 11b$0
Accounting feesLn 11c$3K$3K
Lobbying feesLn 11d$0
Investment management feesLn 11f$45K$45K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$1K$1K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$163$163
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$290$290
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$1K$1K
All other expensesLn 24e$144$144
Total functional expensesLn 25$268K$191K$77K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $275K$232K$42K$4.6M 990 PDF
FY2023 $153K$271K−$119K$4.2M 990 PDF
FY2022 $371K$215K$156K$4.0M 990 PDF
FY2021 $375K$206K$168K$4.8M 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 $694,694 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $135,611$317,238
I-9 Program service revenue$0
I-10 Investment incomePrior year $126,766$364,091
I-11 Other revenuePrior year $12,437$13,365
I-12 Total revenuePrior year $274,814$694,694
I-13 Grants and similar amounts paidPrior year $161,343$191,264
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $71,145$77,107
I-18 Total expensesPrior year $232,488$268,371
I-19 Revenue less expensesPrior year $42,326$426,323
Part VI · Governance 24 of 25 board members independent, 2 to look at
VI-1a Voting members of the governing body25
VI-1b Independent voting members24
VI-14 Document retention and destruction 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-13 Written whistleblower policyYes
Part VIII · Statement of revenue $694,694 across 8 lines filed
VIII-1c Fundraising events$15,436
VIII-1f All other contributions, gifts and grants$317,238
VIII-1h Total contributions, gifts and grants$317,238
VIII-3 Investment income$181,289
VIII-7 Net gain or loss on sales of assets$182,802
VIII-8 Net income from fundraising events$13,345
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)$20
VIII-12 Total revenue$694,694
Part IX · Statement of functional expenses $268,371 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $24,558$24,558
IX-2 Grants to domestic individualsPrograms $166,706$166,706
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesManagement $23,172$23,172
IX-11b Legal fees$0
IX-11c Accounting feesManagement $2,650$2,650
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $44,823$44,823
IX-11g Other fees for services$0
IX-12 Advertising and promotionManagement $1,796$1,796
IX-13 Office expensesManagement $1,330$1,330
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelManagement $163$163
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $290$290
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $1,652$1,652
IX-24 Other expenses (24a–d)Management $1,087$1,087
IX-24e All other expensesManagement $144$144
IX-25 Total functional expensesPrograms $191,264 · Management $77,107 · Fundraising $0$268,371
Part X · Balance sheet $5,192,323 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $57,578$55,027
X-11 Publicly traded securitiesStart of year $4,560,482$5,137,296
X-16 Total assetsStart of year $4,618,060$5,192,323
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $4,618,060$5,192,323
X-33 Total liabilities and net assetsStart of year $4,618,060$5,192,323
Part XI · Reconciliation of net assets $5,192,323 net assets at year end
XI-1 Total revenue$694,694
XI-2 Total expenses$268,371
XI-3 Revenue less expenses$426,323
XI-4 Net assets at start of year$4,618,060
XI-5 Net unrealized gains (losses) on investments$147,940
XI-10 Net assets at end of year$5,192,323

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

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