Holmes County Education Foundation FY2020 filing

Millersburg, OHUnknown exempt organization EIN 34-1631041Revenue $1.1M in FY2020Latest return filed Nov 17, 2025

On file with the IRShcef.net114 North Clay Street · Millersburg, OH

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77¢ of each $1 spent went to programs.
$81K paid to officers and key staff.
Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
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
4 of 5
filings with a surplus
Average surplus $996K a year · 52% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$81K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
16 mo
of spending, in cash
Plus $12.5M in investments, Pt X · Ln 11–13
Looks good: 15.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $87K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10K
0.07% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
Spent
$786K
To programs
77%
Net assets
$14.0M
By yearFY2020–FY2024
Revenue
$1.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$1.7M
FY2022$4.2M
FY2023$881K
FY2024$1.8M
Expenses
$786K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$786K
FY2021$828K
FY2022$915K
FY2023$1.1M
FY2024$1.1M
Net assets
$14.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$14.0M
FY2021$16.8M
FY2022$17.4M
FY2023$19.3M
FY2024$0

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $606K Management & general 23% · $181K

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

8 people listed on the 990; $81K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$81,472Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Shasta Mast$91,516$85,164$85,000——
Darla Stitzlein———$61,230$81,472

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 Holmes 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 15aYes

Programs and updates

Provides educational scholarships and community grants to benefit Holmes County residents.

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Provided by the organization

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2 programs · $606K · in their own filed words · FY2020
01

We provided educational scholarships on behalf of holmes county residents in pursuit of higher education.

$606Kprogram expense
02

Grants were provided to organizations in the community to benefit the residents of holmes county and beyond.

Pt IX · col B

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$87K
Grants paid · 5 grants · $3.0M · 2020–2024
Unitemized GrantFY2024$700,102
Unitemized GrantFY2023$667,971
Unitemized GrantFY2022$615,313
Unitemized GrantFY2021$535,814
Unitemized GrantFY2020$516,017

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$681K
Investment incomeLn 3$362K
Other incomeLn 4–11$15K
Money outPt IX
$786K
Ln 25
Programscol B$606K
Managementcol C$181K
Owns and owesPt X
$14.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$14.0M
LiabilitiesLn 26$10K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$681K
Investment incomeLn 3$362K
Other incomeLn 4–11$15K
Gains on assetsLn 7$121K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
SavingsLn 2$1.0M
Cash and savings togetherLn 1–2$1.0M
InvestmentsLn 11–13$12.5M
Land, buildings, equipmentLn 10c$520K
Total assetsLn 16$14.0M
LiabilitiesLn 26$10K
Net assetsLn 32$14.0M
OperationsPt I, VI
EmployeesI 52
VolunteersI 619
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
LineFY20FY19FY18FY17FY16
End of yearLn 1g$10.0M$8.6M$6.8M$7.1M$6.2M
Given inLn 1b$681K$686K$433K$284K$296K
SpentLn 1d–1f$516K$473K$473K$444K$445K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.3M$1.0M
InvestmentsLn 11–13$10.8M$12.5M
Land, buildings, equipmentLn 10c$540K$520K
Total assetsLn 16$12.7M$14.0M
LiabilitiesLn 26$10K$10K
Net assetsLn 32$12.7M$14.0M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$516K$516K
Pay of current officers, directors and key staffLn 5$81K$81K
Other salaries and wagesLn 7$27K$27K
Other employee benefitsLn 9$27K$27K
Payroll taxesLn 10$3K$3K
Accounting feesLn 11c$6K$6K
Investment management feesLn 11f$58K$58K
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$324$324
Office expensesLn 13$14K$5K$9K
Information technologyLn 14$4K$4K
OccupancyLn 16$18K$3K$15K
TravelLn 17$87$87
Conferences, conventions and meetingsLn 19$3K$3K
Depreciation, depletion and amortizationLn 22$20K$20K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$610$610
Total functional expensesLn 25$786K$606K$181K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 17, 2025 $1.8M$1.1M$747K$0 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $881K$1.1M−$193K$19.3M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $4.2M$915K$3.3M$17.4M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $1.7M$828K$827K$16.8M 990 PDF
FY2020 ViewingFiled with the IRS Oct 15, 2021 $1.1M$786K$271K$14.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,057,424 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $685,630$680,651
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $869,256$361,633
I-11 Other revenuePrior year $10,405$15,140
I-12 Total revenuePrior year $1,565,291$1,057,424
I-13 Grants and similar amounts paidPrior year $473,369$516,017
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $129,246$138,522
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $149,784$131,769
I-18 Total expensesPrior year $752,399$786,308
I-19 Revenue less expensesPrior year $812,892$271,116
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $1,057,424 across 6 lines filed
VIII-1f All other contributions, gifts and grants$680,651
VIII-1h Total contributions, gifts and grants$680,651
VIII-3 Investment incomeExcluded from tax $240,668$240,668
VIII-7 Net gain or loss on sales of assetsExcluded from tax $120,965$120,965
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $15,140$15,140
VIII-12 Total revenueRelated to mission $15,140 · Unrelated business $0 · Excluded from tax $361,633$1,057,424
Part IX · Statement of functional expenses $786,308 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $516,017$516,017
IX-5 Pay of current officers, directors and key staffManagement $81,472$81,472
IX-7 Other salaries and wagesManagement $26,953$26,953
IX-9 Other employee benefitsManagement $27,056$27,056
IX-10 Payroll taxesManagement $3,041$3,041
IX-11c Accounting feesManagement $6,445$6,445
IX-11f Investment management feesPrograms $58,069$58,069
IX-11g Other fees for servicesPrograms $3,139$3,139
IX-12 Advertising and promotionManagement $324$324
IX-13 Office expensesPrograms $5,491 · Management $8,881$14,372
IX-14 Information technologyManagement $4,036$4,036
IX-16 OccupancyPrograms $3,100 · Management $15,374$18,474
IX-17 TravelPrograms $87$87
IX-19 Conferences, conventions and meetingsManagement $2,512$2,512
IX-22 Depreciation, depletion and amortizationPrograms $19,859$19,859
IX-23 InsuranceManagement $3,842$3,842
IX-24 Other expenses (24a–d)Management $610$610
IX-25 Total functional expensesPrograms $605,762 · Management $180,546 · Fundraising $0$786,308
Part X · Balance sheet $14,042,922 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,329,226$1,028,675
X-10c Land, buildings and equipment, netStart of year $539,598$519,739
X-11 Publicly traded securitiesStart of year $10,814,843$12,494,508
X-16 Total assetsStart of year $12,683,667$14,042,922
X-17 Accounts payable and accrued expensesStart of year $10,421$10,258
X-26 Total liabilitiesStart of year $10,421$10,258
X-27 Net assets without donor restrictionsStart of year $4,082,307$4,030,669
X-28 Net assets with donor restrictionsStart of year $8,590,939$10,001,995
X-32 Total net assets or fund balancesStart of year $12,673,246$14,032,664
X-33 Total liabilities and net assetsStart of year $12,683,667$14,042,922
Part XI · Reconciliation of net assets $14,032,664 net assets at year end
XI-1 Total revenue$1,057,424
XI-2 Total expenses$786,308
XI-3 Revenue less expenses$271,116
XI-4 Net assets at start of year$12,673,246
XI-5 Net unrealized gains (losses) on investments$1,088,302
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$14,032,664

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

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