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The Libbey House Foundation FY2020 filing

Tax-deductible

Toledo, OH501(c)(3)Arts & CultureEIN 45-0556813

The organization's primary exempt purpose is to preserve a record of the history of glass making in northwest ohio.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
4 of 5
filings with a surplus
Average surplus $25K a year · 28% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $18K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$134K
24% of total assets
Looks good: liabilities are 24% 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
$79K
Spent
$63K
To programs
100%
Net assets
$423K
By yearFY2020–FY2024
Revenue
$79K
FY2020
Revenue by fiscal year
FY2020$79K
FY2021$51K
FY2022$67K
FY2023$118K
FY2024$132K
Expenses
$63K
FY2020
Expenses by fiscal year
FY2020$63K
FY2021$48K
FY2022$70K
FY2023$98K
FY2024$40K
Net assets
$423K
FY2020
Net assets by fiscal year
FY2020$423K
FY2021$426K
FY2022$430K
FY2023$447K
FY2024$581K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
Yes — exemption reinstated (2016-05-15)
Per the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CThe Libbey House Foundation
EINHdr · item D45-0556813
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 2017
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CToledo, OH
NTEE classificationIRS BMFArts & Culture (A80)
WebsiteHdr · item Jwww.libbeyhouse.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$63K
Total functional expensesLn 25$63K

Financial health

Is it on solid ground?

Program efficiency
100%
of spending reaches programs
Operating runway
16.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+20%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$557K
FY2020
Total assets by fiscal year
FY2020$557K
FY2021$561K
FY2022$551K
FY2023$561K
FY2024$684K
Total liabilities
$134K
FY2020
Total liabilities by fiscal year
FY2020$134K
FY2021$134K
FY2022$122K
FY2023$114K
FY2024$103K
Revenue less expensesPt I · Ln 19$16K
Total assetsPt X · Ln 16$557K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Balance Sheet

Part X · end of year
CashLn 1$55K
Total assetsLn 16$557K
Total liabilitiesLn 26$134K
Total net assetsLn 32$423K
Months of cash on handcomputed10.4

Statement of Revenue

Part VIII
Contributions & grants100%$79K
Investment income$6
Total revenueLn 12$79K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $71K · Operating expenses (Pt IX) $63K · Less non-cash grants $10K · Cash operating expenses/yr $53K
16.1 months
Where the money goes
Program services
Program services $63K · Total expenses $63K
100%
Management & General
Management & general $0 · Total expenses $63K
0%
Fundraising
Fundraising $0 · Total expenses $63K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $79K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $79K · Total revenue $79K
100%
Government reliance
Government grants — · Total revenue $79K
—
Earned-income share
Program service revenue $0 · Total revenue $79K
0%
Investment reliance
Investment income $6 · Total revenue $79K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $63K
0%
Growth & trend
Revenue growth (YoY)
This year $79K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $423K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $79K · Expenses $63K
+20%
Liabilities-to-Assets
Total liabilities — · Total assets $557K
—
Net-asset ratio
Net assets $423K · Total assets $557K
76%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $16K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $557K
3%
People & payroll
Highest Reported Total Compensation
Individual Randy Cutcher · Reported title TREASURER · Highest reported compensation $0 · Total expenses $63K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $63K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%——
Overhead ratio 0%——
Fundraising cost ratio 0%——
Accounting fee ratio 0.4%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Randy Cutcher
Treasurer
$0Pt VII · Sec A
Wendy Daudelin
Board Member
$0Pt VII · Sec A
Barbara L Floyd
Board Member
$0Pt VII · Sec A
Yvonne E Giddings
Board Member
$0Pt VII · Sec A
Tina Moffat
Secretary
$0Pt VII · Sec A
Steve Shrake
Vice Preside
$0Pt VII · Sec A
Sandy L Shultz
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Libbey House Foundation executive salaries →

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Governance & Policies

Part VI
  • 7Voting board membersPt VI · Ln 1a
  • 7Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Preserves the history of glassmaking in Northwest Ohio.

Provided by the organization

This section is blank until The Libbey House Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $63K of program spending, described in the organization's own filed words · FY2020.
01

The libbey house foundation is in the process of raising funds to renovate libbey house.

$63Kprogram expense

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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 · FY2023
Arts Commission of Greater Toledo INCFY2023$18K
Total grants receivedfrom 1 funder$18K
Grants paid · 1 grant · $6K · 2023–2023
Women of the Old West End INCOH · FY2023$6,285

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $132K$40K+12% 990 PDF
FY2023 $118K$98K+77% 990 PDF
FY2022 $67K$70K+32% 990 PDF
FY2021 $51K$48K-36% 990 PDF
FY2020 Viewing $79K$63K 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

Full filing: Form 990 for FY2020

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $63,165 across 11 lines filed
IX-11c Accounting feesPrograms $270$270
IX-11g Other fees for servicesPrograms $1,447$1,447
IX-12 Advertising and promotionPrograms $50$50
IX-13 Office expensesPrograms $194$194
IX-14 Information technologyPrograms $72$72
IX-16 OccupancyPrograms $27,967$27,967
IX-20 InterestPrograms $12,999$12,999
IX-22 Depreciation, depletion and amortizationPrograms $11,694$11,694
IX-23 InsurancePrograms $750$750
IX-24 Other expenses (24a–d)Programs $7,662$7,662
IX-24e All other expensesPrograms $60$60
IX-25 Total functional expensesPrograms $63,165 · Management $0 · Fundraising $0$63,165

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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