Toledo Tomorrow EIN 85-4036611 Form 990 (PDF) Claim this org

Toledo Tomorrow

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Helps students explore and choose their best post-high school education paths. For fiscal year 2024 it reported $1.1M in revenue, $854K in expenses, and $523K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Toledo, OH
Filings
4 on file (2021–2024)
Revenue
$1.1MFY2024
Expenses
$854K
Net assets
$523K
People
5
Filings
4
Updates
0
More identity details & actions ⌄
EIN  85-4036611 Public charity (501(c)(3)) Toledo, OH
Form 990 (PDF)
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Size
$1–10M
What they do
Helps students explore and choose their best post-high school education paths.
Leadership
Robert J Savage · President
Money in and out
$1.1M revenue, $854K expenses
Bottom line
82% program efficiency
Where the money goes · FY2024
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$854K
Pt IX · Ln 25
Net assets
$523K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $273K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.18
Program efficiency
82%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
9.8mo
months of highly liquid reserves at operating expense rate▼ -9% vs prior filing year
Surplus margin
+24%
revenue over expenses, this year▼ -15% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.1M
FY2024▲ +41%
Expenses
$854K
FY2024▲ +49%
Total assets
$731K
FY2024▲ +33%
Total liabilities
$208K
FY2024▼ -31%
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$854K
Pt IX · Ln 25
Net assets
$523K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$273K
Total assetsPt X · Ln 16$731K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CToledo Tomorrow
EINHdr · item D85-4036611
Principal addressHdr · item CToledo, 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 BMFEducation (B90)
Ruling yearIRS BMFApr 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
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
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Robert J Savage’s $65K as President is at the 12th percentile of top reported officer pay among 3395 $1–10M education 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.

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Mission & Programs · Part III

Where the work happens

2 program services account for $697K of program spending, described in the organization's own filed words · FY2024.
01

College and career access work with school districts covering more than 10,000 high school students doing presentations, college visits, college nights, college & CAREER/JOB fairs, helping with college applications, scholarship applications, resume workshops, and company tours.

$517Kprogram expense
02

Work to increase college degrees or post-secondary certifications by helping make college more affordable by completing the fafsa for need based aid. We work with 2,700 seniors across five mainly high poverty, urban districts, but also in some rural districts.

$180Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$1.1M · 98%
Investment income$28K · 2%
Contributions & grants98%$1.1M
Investment income2%$28K
— government grantsLn 1e$887K
Total revenueLn 12$1.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.18
Program services82%$697K
Management & general18%$158K
Total functional expensesLn 25$854K

Balance Sheet

Part X · end of year
CashLn 1$696K
Total assetsLn 16$731K
Total liabilitiesLn 26$208K
Total net assetsLn 32$523K
Months of cash on handcomputed9.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $696K · Operating expenses/yr $854K
9.8 months
Where the money goes
Program services
Program services $697K · Total expenses $854K
82%
Management & General
Management & general $158K · Total expenses $854K
18%
Fundraising
Fundraising $0 · Total expenses $854K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $106K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.1M · Total revenue $1.1M
98%
Government reliance
Government grants $887K · Total revenue $1.1M
79%
Earned-income share
Program service revenue $0 · Total revenue $1.1M
0%
Investment reliance
Investment income $28K · Total revenue $1.1M
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $854K
0%
Growth & trend
Revenue growth (YoY)
This year $1.1M · Prior year $802K
+41%
Net-asset trend (YoY)
End of year $523K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.1M · Expenses $854K
+24%
Liabilities-to-Assets
Total liabilities — · Total assets $731K
Net-asset ratio
Net assets $523K · Total assets $731K
72%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $731K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Robert J Savage · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $854K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $578K · Total expenses $854K
68%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 18%
Fundraising cost ratio 0%
Revenue growth 41%

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 · FY2025
Total grants receivedfrom 1 funder$35K

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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
FY2024 (Latest)$1.1M revenue · viewing · ⤓ 990 PDF
FY2023$802K revenue · ⤓ 990 PDF
FY2022$358K revenue · ⤓ 990 PDF
FY2021$124K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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