Ashtabula River Foundation EIN 34-1842915

Ashtabula River Foundation

EIN  34-1842915 Public foundation / grantmaker Ashtabula, OH
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Restores the Ashtabula River and operates a former Coast Guard station for public access, history, and economic development.
Leadership
Kelly Sposito · President/Director
Money in and out
$115K revenue, $77K expenses
Bottom line
22% program efficiency

Restores the Ashtabula River and operates a former Coast Guard station for public access, history, and economic development. For fiscal year 2025 it reported $115K in revenue, $77K in expenses, and $554K in net assets.Pt I

Grants paid & assets · FY2025
Total revenue
$115K
Pt VIII · Ln 12
Total expenses
$77K
Pt IX · Ln 25
Net assets
$554K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $38K
Where spending went · Part IX cols B–D
Program services $0.22 Management & general $0.78
Program efficiency
22%
of spending reaches programs▼ -33% vs prior filing year
Operating runway
18.6mo
months of highly liquid reserves at operating expense rate▼ -35% vs prior filing year
Surplus margin
+33%
revenue over expenses, this year▼ -58% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$115K
FY2025▼ -46%
Expenses
$77K
FY2025▲ +74%
Total assets
$554K
FY2025▲ +7%
Total liabilities
$0
FY2025
Total revenue
$115K
Pt VIII · Ln 12
Total expenses
$77K
Pt IX · Ln 25
Net assets
$554K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$38K
Total assetsPt X · Ln 16$554K
Program-expense ratioPt IX · col B22%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

1 program service account for $17K of program spending, described in the organization's own filed words · FY2025.
01

To support the restoration of the ashtabula river, and to own and operate the former coast guard station located on the east bank of the ashtabula river ("station"). With respect to the station, the foundation will preserve and develop the property for (I) public access to the ashtabula river; (ii) a memorial and museum of the history of…

$17Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAshtabula River Foundation
EINHdr · item D34-1842915
Principal addressHdr · item CAshtabula, OH
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFNov 1996

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President/Director
$0Pt VII · Sec A
Treasurer/Direct
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$100K · 87%
Other revenue$15K · 13%
Contributions & grants87%$100K
Other revenue13%$15K
Total revenueLn 12$115K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.22 Management & general $0.78
Program services22%$17K
Management & general78%$60K
Total functional expensesLn 25$77K

Balance Sheet

Part X · end of year
CashLn 1$119K
Total assetsLn 16$554K
Total liabilitiesLn 26$0
Total net assetsLn 32$554K
Months of cash on handcomputed18.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $119K · Operating expenses/yr $77K
18.6 months
Where the money goes
Program services
Program services $17K · Total expenses $77K
22%
Management & General
Management & general $60K · Total expenses $77K
78%
Fundraising
Fundraising $0 · Total expenses $77K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $215K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $100K · Total revenue $115K
87%
Government reliance
Government grants — · Total revenue $115K
Earned-income share
Program service revenue $0 · Total revenue $115K
0%
Investment reliance
Investment income $0 · Total revenue $115K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $77K
0%
Growth & trend
Revenue growth (YoY)
This year $115K · Prior year $215K
-46%
Net-asset trend (YoY)
End of year $554K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $115K · Expenses $77K
+33%
Liabilities-to-Assets
Total liabilities — · Total assets $554K
Net-asset ratio
Net assets $554K · Total assets $554K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $554K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kelly Sposito · Reported title PRESIDENT/DIRECTOR · Highest reported compensation $0 · Total expenses $77K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $77K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 22%
Overhead ratio 78%
Fundraising cost ratio 0%
Revenue growth -46%
Accounting fee ratio 7%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$199K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$115K revenue · viewing · ⤓ 990 PDF
FY2024$215K revenue · ⤓ 990 PDF
FY2023$368K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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