Leipsic Community Foundation INC EIN 58-2684182 Form 990 (PDF) Claim this org

Leipsic Community Foundation INC

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Distributes funds to advance education and relieve poverty for charitable purposes. For fiscal year 2025 it reported $227K in revenue, $164K in expenses, and $348K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Leipsic, OH
Filings
5 on file (2021–2025)
Revenue
$227KFY2025
Expenses
$164K
Net assets
$348K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  58-2684182 Public charity (501(c)(3)) Leipsic, OH
Form 990 (PDF)
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Size
$100K–1M
What they do
Distributes funds to advance education and relieve poverty for charitable purposes.
Leadership
Kenneth Dunstan · Director
Money in and out
$227K revenue, $164K expenses
Bottom line
98% program efficiency
Where the money goes · FY2025
Total revenue
$227K
Pt VIII · Ln 12
Total expenses
$164K
Pt IX · Ln 25
Net assets
$348K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $63K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs▲ +0.6% vs prior filing year
Operating runway
25.5mo
months of highly liquid reserves at operating expense rate▲ +2% vs prior filing year
Surplus margin
+28%
revenue over expenses, this year▼ -22% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$227K
FY2025▲ +6%
Expenses
$164K
FY2025▲ +19%
Total assets
$348K
FY2025▲ +22%
Total liabilities
$0
FY2025
Total revenue
$227K
Pt VIII · Ln 12
Total expenses
$164K
Pt IX · Ln 25
Net assets
$348K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$63K
Total assetsPt X · Ln 16$348K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLeipsic Community Foundation INC
EINHdr · item D58-2684182
Principal addressHdr · item CLeipsic, 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 BMFHuman Services (P12)
Ruling yearIRS BMFOct 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $161K of program spending, described in the organization's own filed words · FY2025.
01

The specific and primary purposes are to operate for the advancement of education and relief of the poor and for other charitable purposes by the distribution of its funds for said purposes.

$161Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$227K
Total revenueLn 12$227K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$161K
Management & general2%$3K
Total functional expensesLn 25$164K

Balance Sheet

Part X · end of year
CashLn 1$348K
Total assetsLn 16$348K
Total liabilitiesLn 26$0
Total net assetsLn 32$348K
Months of cash on handcomputed25.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $348K · Operating expenses/yr $164K
25.5 months
Where the money goes
Program services
Program services $161K · Total expenses $164K
98%
Management & General
Management & general $3K · Total expenses $164K
2%
Fundraising
Fundraising $0 · Total expenses $164K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $221K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $227K · Total revenue $227K
100%
Government reliance
Government grants — · Total revenue $227K
Earned-income share
Program service revenue $0 · Total revenue $227K
0%
Investment reliance
Investment income $0 · Total revenue $227K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $164K
0%
Growth & trend
Revenue growth (YoY)
This year $227K · Prior year $214K
+6%
Revenue CAGR
FY2021 $102K · FY2025 $227K
+22%
Net-asset trend (YoY)
End of year $348K · Beginning of year $285K
+22%
Balance sheet
Surplus Margin
Revenue $227K · Expenses $164K
+28%
Liabilities-to-Assets
Total liabilities $0 · Total assets $348K
0%
Net-asset ratio
Net assets $348K · Total assets $348K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $348K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kenneth Dunstan · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $164K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $164K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Fundraising cost ratio 0%
Revenue growth 6%
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.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$170K
Grants paid · 15 grants · $162K · 2024–2025
Village of LeipsicFY2025$25,000
Leipsic Educational FoundationFY2025$15,000
Leipsic Area ChamberFY2025$12,247
Miller City SchoolboostersFY2025$10,250
Leipsic Community FoundationFY2025$10,000
MiscFY2025$6,109
Firehouse Fitness Club - Silver SneFY2025$6,000
Leipsic Foe 2793FY2024$11,317
Village of LeipsicFY2024$11,000
Miller City SchoolboostersFY2024$10,750
Unitemized GrantFY2024$10,000
Leipsic Educational FoundationFY2024$10,000
Challenged ChampionsFY2024$10,000
MiscFY2024$7,174
Leipsic Area ChamberFY2024$6,825

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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)$227K revenue · viewing · ⤓ 990 PDF
FY2024$214K revenue · ⤓ 990 PDF
FY2023$167K revenue · ⤓ 990 PDF
FY2022$90K revenue · ⤓ 990 PDF
FY2021$102K 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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