Public charity making grants for charitable purposes. Grants are made from endowment funds established by many donors. Encourage philanthropy and enhance quality of life in Ashland County. Support charitable activities through grant programs. Manage all types of donor and recipient programs. Facilitate Community collaboration.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$255K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $4.3M a year · 53% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$255K
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
7 mo
of spending, in cash
Plus $81.6M in investments, Pt X · Ln 11–13
Looks good: 7.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $2.1M
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$19.9M
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.3M
+57% vs prior year
Spent
$2.6M
To programs
74%
Net assets
$64.0M
By yearFY2020–FY2025
Revenue
$7.3M
FY2021▲ +57%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.6M
FY2021$7.3M
FY2022$9.2M
FY2023$11.8M
FY2024$6.6M
FY2025$9.4M
Expenses
$2.6M
FY2021▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.2M
FY2021$2.6M
FY2022$2.9M
FY2023$4.6M
FY2024$6.6M
FY2025$4.3M
Net assets
$64.0M
FY2021▲ +36%
Tap a bar for its year
Net assets by fiscal year
FY2020$47.0M
FY2021$64.0M
FY2022$57.1M
FY2023$68.6M
FY2024$73.2M
FY2025$83.2M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1996.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $2.0M Management & general 24% · $621K Fundraising 2% · $50K

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

17 people listed on the 990; $255K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President/Ce
$142,947Pt VII · Sec A
Chief Progrm
$59,914Pt VII · Sec A
Chief Finan
$51,742Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
President Em
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

James M Cutright’s $172K as President/Ce is at the 72nd percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
James M Cutright$171,587$168,555$151,075$142,784$142,947$117,977
Kristin Aspin$112,475$106,379$90,760$71,315$59,914$45,935
Brittaney Reep$78,880$72,020$57,979$51,414$51,742$43,333

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 Ashland County Community 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

Manages donor endowments and awards grants to support local charitable programs, encouraging philanthropy and enhancing the quality of life in Ashland County.

Questions for Ashland County Community Foundation

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Provided by the organization

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1 program · $2.0M · in their own filed words · FY2020
01

The organization's primary purpose is to provide a means for people to make gifts of assets to enhance the quality of life in ashland county, both today and in the future.

$2.0Mprogram 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
See all 11 funders →
Grants paid · 374 grants · $17.4M · 2019–2024
Unitemized GrantFY2024$553,074
Ashland City SchoolsFY2024$204,734
The Salvation ArmyNY · FY2024$172,731
Richland Academy of the ArtsOH · FY2024$125,000
Ashland UniversityOH · FY2024$118,410
AccessOH · FY2024$101,729
Ashland County Park DistrictFY2024$91,644
Individual RecipientFY2024$75,645
Ohio Bird Sanctuary INCOH · FY2024$50,250
Hillsdale Local School DistrictFY2024$39,787
Rape Crisis Domestic Violence SafeOH · FY2024$36,518
Pathfinder Farms INCOH · FY2024$36,500
See all 374 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$7.3M
Ln 12
Gifts and grantsLn 1h$3.8M
Investment incomeLn 3$3.3M
Other incomeLn 4–11$102K
Money outPt IX
$2.6M
Ln 25
Programscol B$2.0M
Managementcol C$621K
Fundraisingcol D$50K
Owns and owesPt X
$64.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$83.9M
LiabilitiesLn 26$19.9M
PeoplePt VI, VII
17
listed · VII A
PaidVII A3
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.8M
Noncash giftsLn 1g$1.1M
Investment incomeLn 3$3.3M
Other incomeLn 4–11$102K
Total revenueLn 12$7.3M
Assets in detailPt X, end of year
SavingsLn 2$1.6M
Cash and savings togetherLn 1–2$1.6M
InvestmentsLn 11–13$81.6M
Land, buildings, equipmentLn 10c$534K
Other assetsLn 15$20K
Total assetsLn 16$83.9M
LiabilitiesLn 26$19.9M
Net assetsLn 32$64.0M
OperationsPt I, VI
EmployeesI 58
VolunteersI 620
Fiscal year endsHeaderJune
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
LineStart FY21End FY21
Cash and savingsLn 1–2$1.1M$1.6M
InvestmentsLn 11–13$58.4M$81.6M
Land, buildings, equipmentLn 10c$537K$534K
Total assetsLn 16$60.3M$83.9M
LiabilitiesLn 26$13.2M$19.9M
Net assetsLn 32$47.0M$64.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.6M$1.6M
Grants to domestic individualsLn 2$324K$324K
Pay of current officers, directors and key staffLn 5$255K$224K$31K
Other salaries and wagesLn 7$79K$69K$9K
Other employee benefitsLn 9$26K$26K
Payroll taxesLn 10$26K$23K$3K
Legal feesLn 11b$16K$16K
Accounting feesLn 11c$15K$15K
Investment management feesLn 11f$90K$90K
Advertising and promotionLn 12$12K$6K$6K
Office expensesLn 13$35K$35K
OccupancyLn 16$14K$14K
Conferences, conventions and meetingsLn 19$165$165
Depreciation, depletion and amortizationLn 22$26K$4K$23K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$73K$72K$1K
Total functional expensesLn 25$2.6M$2.0M$621K$50K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $9.4M$4.3M$5.1M$83.2M 990 PDF
FY2024 $6.6M$6.6M$34K$73.2M 990 PDF
FY2023 $11.8M$4.6M$7.3M$68.6M 990 PDF
FY2022 $9.2M$2.9M$6.2M$57.1M 990 PDF
FY2021 Viewing $7.3M$2.6M$4.6M$64.0M 990 PDF
FY2020 $4.6M$2.2M$2.5M$47.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $7,250,143 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,874,155$3,814,422
I-9 Program service revenue$0
I-10 Investment incomePrior year $1,699,585$3,333,659
I-11 Other revenuePrior year $39,532$102,062
I-12 Total revenuePrior year $4,613,272$7,250,143
I-13 Grants and similar amounts paidPrior year $1,512,504$1,954,439
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $347,131$385,451
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $300,546$289,862
I-18 Total expensesPrior year $2,160,181$2,629,752
I-19 Revenue less expensesPrior year $2,453,091$4,620,391
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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 $7,250,143 across 6 lines filed
VIII-1f All other contributions, gifts and grants$3,814,422
VIII-1g Noncash contributions (included above)$1,077,855
VIII-1h Total contributions, gifts and grants$3,814,422
VIII-3 Investment incomeExcluded from tax $3,333,659$3,333,659
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $102,062$102,062
VIII-12 Total revenueRelated to mission $102,062 · Excluded from tax $3,333,659$7,250,143
Part IX · Statement of functional expenses $2,629,752 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $1,629,974$1,629,974
IX-2 Grants to domestic individualsPrograms $324,465$324,465
IX-5 Pay of current officers, directors and key staffManagement $224,050 · Fundraising $30,553$254,603
IX-7 Other salaries and wagesManagement $69,157 · Fundraising $9,431$78,588
IX-9 Other employee benefitsManagement $26,400$26,400
IX-10 Payroll taxesManagement $22,757 · Fundraising $3,103$25,860
IX-11b Legal feesManagement $16,310$16,310
IX-11c Accounting feesManagement $15,193$15,193
IX-11f Investment management feesManagement $90,427$90,427
IX-12 Advertising and promotionManagement $6,039 · Fundraising $6,039$12,078
IX-13 Office expensesManagement $34,998$34,998
IX-16 OccupancyManagement $13,779$13,779
IX-19 Conferences, conventions and meetingsManagement $165$165
IX-22 Depreciation, depletion and amortizationPrograms $3,505 · Management $22,851$26,356
IX-23 InsuranceManagement $7,279$7,279
IX-24 Other expenses (24a–d)Management $72,018 · Fundraising $1,259$73,277
IX-25 Total functional expensesPrograms $1,957,944 · Management $621,423 · Fundraising $50,385$2,629,752
Part X · Balance sheet $83,871,142 assets, 14 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,120,019$1,566,693
X-4 Accounts receivableStart of year $183,713$177,753
X-9 Prepaid expenses and deferred chargesStart of year $6,225$2,174
X-10c Land, buildings and equipment, netStart of year $536,769$534,054
X-11 Publicly traded securitiesStart of year $58,426,520$81,570,668
X-15 Other assets$19,800
X-16 Total assetsStart of year $60,273,246$83,871,142
X-17 Accounts payable and accrued expensesStart of year $81,911$55,862
X-18 Grants payableStart of year $1,570,094$1,592,344
X-25 Other liabilitiesStart of year $11,578,562$18,222,246
X-26 Total liabilitiesStart of year $13,230,567$19,870,452
X-27 Net assets without donor restrictionsStart of year $47,042,679$64,000,690
X-32 Total net assets or fund balancesStart of year $47,042,679$64,000,690
X-33 Total liabilities and net assetsStart of year $60,273,246$83,871,142
Part XI · Reconciliation of net assets $64,000,690 net assets at year end
XI-1 Total revenue$7,250,143
XI-2 Total expenses$2,629,752
XI-3 Revenue less expenses$4,620,391
XI-4 Net assets at start of year$47,042,679
XI-5 Net unrealized gains (losses) on investments$12,337,620
XI-10 Net assets at end of year$64,000,690

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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