The Libbey House Foundation FY2022 filing

Tax-deductible

Toledo, OH501(c)(3)Arts & CultureEIN 45-0556813Revenue $67K in FY2022

On file with the IRSlibbeyhouse.orgPo Box 4704, 43610-0704 · Toledo, OHTax-exempt since May 2017Publicly supported charity — 170(b)(1)(A)(vi)

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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

FY2022 · 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
13 mo
of spending, in cash
Looks good: 13.2 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
$122K
22% of total assets
Looks good: liabilities are 22% 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
$67K
+32% vs prior year
Spent
$70K
To programs
100%
Net assets
$430K
By yearFY2020–FY2024
Revenue
$67K
FY2022▲ +32%
Tap a bar for its year
Revenue by fiscal year
FY2020$79K
FY2021$51K
FY2022$67K
FY2023$118K
FY2024$132K
Expenses
$70K
FY2022▲ +48%
Tap a bar for its year
Expenses by fiscal year
FY2020$63K
FY2021$48K
FY2022$70K
FY2023$98K
FY2024$40K
Net assets
$430K
FY2022▲ +0.9%
Tap a bar for its year
Net assets by fiscal year
FY2020$423K
FY2021$426K
FY2022$430K
FY2023$447K
FY2024$581K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2016-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in May 2017.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $70K

Form 990 Part IX, line 25. 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.

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Libbey House 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

Preserves the history of glassmaking in Northwest Ohio.

Questions for The Libbey House Foundation

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Provided by the organization

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1 program · $70K · in their own filed words · FY2022
01

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

$70Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$18K
Grants paid · 1 grant · $6K · 2023–2023

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$67K
Ln 12
Gifts and grantsLn 1h$67K
Investment incomeLn 3$5
Money outPt IX
$70K
Ln 25
Programscol B$70K
Owns and owesPt X
$430K
net assets · Ln 32
Cash and savingsLn 1–2$77K
Total assetsLn 16$551K
LiabilitiesLn 26$122K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$67K
Investment incomeLn 3$5
Total revenueLn 12$67K
Assets in detailPt X, end of year
CashLn 1$77K
Cash and savings togetherLn 1–2$77K
InvestmentsLn 11–13$14K
Land, buildings, equipmentLn 10c$463K
Other assetsLn 15−$3K
Total assetsLn 16$551K
LiabilitiesLn 26$122K
Net assetsLn 32$430K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$70K$77K
InvestmentsLn 11–13$16K$14K
Land, buildings, equipmentLn 10c$475K$463K
Total assetsLn 16$561K$551K
LiabilitiesLn 26$134K$122K
Net assetsLn 32$426K$430K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$280$280
Other fees for servicesLn 11g$3K$3K
Office expensesLn 13$254$254
Information technologyLn 14$21$21
OccupancyLn 16$23K$23K
InterestLn 20$13K$13K
Depreciation, depletion and amortizationLn 22$12K$12K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$15K$15K
All other expensesLn 24e$348$348
Total functional expensesLn 25$70K$70K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $132K$40K$92K$581K 990 PDF
FY2023 $118K$98K$20K$447K 990 PDF
FY2022 Viewing $67K$70K−$4K$430K 990 PDF
FY2021 $51K$48K$3K$426K 990 PDF
FY2020 $79K$63K$16K$423K 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 FY2022 990 (6 parts)
Part I · Summary $66,598 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $50,617$66,593
I-9 Program service revenue$0
I-10 Investment incomePrior year $6$5
I-11 Other revenue$0
I-12 Total revenuePrior year $50,623$66,598
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $47,721$70,427
I-18 Total expensesPrior year $47,721$70,427
I-19 Revenue less expensesPrior year $2,902−$3,829
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower 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-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $66,598 across 4 lines filed
VIII-1f All other contributions, gifts and grants$66,593
VIII-1h Total contributions, gifts and grants$66,593
VIII-3 Investment incomeRelated to mission $5$5
VIII-12 Total revenueRelated to mission $5$66,598
Part IX · Statement of functional expenses $70,427 across 10 lines filed
IX-11c Accounting feesPrograms $280$280
IX-11g Other fees for servicesPrograms $3,209$3,209
IX-13 Office expensesPrograms $254$254
IX-14 Information technologyPrograms $21$21
IX-16 OccupancyPrograms $23,008$23,008
IX-20 InterestPrograms $12,999$12,999
IX-22 Depreciation, depletion and amortizationPrograms $11,789$11,789
IX-23 InsurancePrograms $3,427$3,427
IX-24 Other expenses (24a–d)Programs $15,092$15,092
IX-24e All other expensesPrograms $348$348
IX-25 Total functional expensesPrograms $70,427 · Management $0 · Fundraising $0$70,427
Part X · Balance sheet $551,379 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $69,539$77,498
X-10c Land, buildings and equipment, netStart of year $474,883$463,390
X-11 Publicly traded securitiesStart of year $16,217$13,597
X-15 Other assets−$3,106
X-16 Total assetsStart of year $560,639$551,379
X-25 Other liabilitiesStart of year $134,500$121,501
X-26 Total liabilitiesStart of year $134,500$121,501
X-32 Total net assets or fund balancesStart of year $426,139$429,878
X-33 Total liabilities and net assetsStart of year $560,639$551,379
Part XI · Reconciliation of net assets $429,878 net assets at year end
XI-1 Total revenue$66,598
XI-2 Total expenses$70,427
XI-3 Revenue less expenses−$3,829
XI-4 Net assets at start of year$426,139
XI-5 Net unrealized gains (losses) on investments−$5,228
XI-8 Prior period adjustments$12,500
XI-9 Other changes in net assets$296
XI-10 Net assets at end of year$429,878

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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