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Huron County Community Foundation FY2023 filing

Tax-deductible

Norwalk, OH501(c)(3)Foundations & GrantmakersEIN 85-4391782Revenue $1.1M in FY2023

On file with the IRShuroncountycommunityfoundation.org12 Benedict Ave, 44857-2173 · Norwalk, OHTax-exempt since Oct 2021Publicly supported charity — 170(b)(1)(A)(vi)

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The organization awards Community grants to 501(c)(3)tax exempt organizations in the spring and fall each year along with, award teacher mini grants to each school in late fall. These grants are to benefit organizations and schools in Huron County, ohio. These grants provide the opportunity to tax exempt organizations to help members of the Community and the schools are able to DO special projects that impacts the students and enriches their experience. The advancement officer spends approximately 95% of their time meeting with organization's, businesses and individuals looking to set up a fund and also letting the Community know these grants are available to tax-exempt organizations and schools. These grants are made possible through donor-advised funds, endowments, scholarships, and fields-of-interest funds to list a few. The funds are funded through the donations from individuals, families and businesses.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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 4
filings with a surplus
Average surplus $1.7M a year · 88% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 15.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.7M
33% of total assets
Looks good: liabilities are 33% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+81% vs prior year
Spent
$252K
To programs
74%
Net assets
$5.5M
By yearFY2021–FY2024
Revenue
$1.1M
FY2023▲ +81%
Tap a bar for its year
Revenue by fiscal year
FY2021$5.3M
FY2022$593K
FY2023$1.1M
FY2024$988K
Expenses
$252K
FY2023▼ -27%
Tap a bar for its year
Expenses by fiscal year
FY2021$89K
FY2022$346K
FY2023$252K
FY2024$298K
Net assets
$5.5M
FY2023▲ +30%
Tap a bar for its year
Net assets by fiscal year
FY2021$4.8M
FY2022$4.2M
FY2023$5.5M
FY2024$6.4M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2021.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $188K Management & general 17% · $44K Fundraising 8% · $20K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Ray Chapin
Treasurer/Se
$0Pt VII · Sec A
$0Pt VII · Sec A
Brad Davis
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Bill Kalfs
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Huron County Community 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

Awards community and teacher grants to Huron County nonprofits and schools.

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Provided by the organization

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1 program · $188K · in their own filed words · FY2023
01

The organization's primary purpose is to provide a means for people to make gifts of assets to enhance the quality of life in huron county, ohio both today and in the future.

$188Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 23 grants · $421K · 2021–2024
Village of New LondonFY2024$17,274
Western Reserve Local SchoolsFY2024$16,381
Unitemized GrantFY2024$12,000
New London Local SchoolsFY2024$10,807
Norwalk Area United FundOH · FY2024$10,000
Firelands Historical SocietyOH · FY2024$9,056
Huron County Humane SocietyOH · FY2024$8,128
South Central SchoolsFY2024$6,963
Norwalk City School DistrictFY2024$6,875
The Salvation ArmyNY · FY2024$6,000
Norwalk City School DistrictFY2023$21,490
Western Reserve Local SchoolsFY2023$15,321
Village of New LondonFY2023$12,756
Firelands Historical SocietyOH · FY2023$12,472
Unitemized GrantFY2023$9,200
Norwalk Arts Center LLCOH · FY2023$6,500
Norwalk Area United FundOH · FY2023$6,500
South Central SchoolsFY2023$6,000
See all 23 grants →

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$835K
Investment incomeLn 3$200K
Fees for servicesLn 2g$37K
Money outPt IX
$252K
Ln 25
Programscol B$188K
Managementcol C$44K
Fundraisingcol D$20K
Owns and owesPt X
$5.5M
net assets · Ln 32
Cash and savingsLn 1–2$323K
Total assetsLn 16$8.2M
LiabilitiesLn 26$2.7M
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$835K
Noncash giftsLn 1g$15K
Fees for servicesLn 2g$37K
Investment incomeLn 3$200K
Gains on assetsLn 7−$11K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$94K
SavingsLn 2$229K
Cash and savings togetherLn 1–2$323K
InvestmentsLn 11–13$7.9M
Total assetsLn 16$8.2M
LiabilitiesLn 26$2.7M
Net assetsLn 32$5.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$59K$323K
InvestmentsLn 11–13$6.6M$7.9M
Total assetsLn 16$6.7M$8.2M
LiabilitiesLn 26$2.5M$2.7M
Net assetsLn 32$4.2M$5.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$145K$145K
Grants to domestic individualsLn 2$9K$9K
Management feesLn 11a$52K$26K$16K$10K
Legal feesLn 11b$338$203$135
Accounting feesLn 11c$4K$3K$2K
Investment management feesLn 11f$25K$25K
Office expensesLn 13$2K$887$349$799
OccupancyLn 16$3K$1K$516$774
TravelLn 17$879$527$264$88
Conferences, conventions and meetingsLn 19$2K$441$882$441
InsuranceLn 23$1K$275$1K$188
Other expenses (24a–d)Ln 24$7K$2K$90$6K
Total functional expensesLn 25$252K$188K$44K$20K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $988K$298K$691K$6.4M 990 PDF
FY2023 Viewing $1.1M$252K$819K$5.5M 990 PDF
FY2022 $593K$346K$248K$4.2M 990 PDF
FY2021 $5.3M$89K$5.2M$4.8M 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 FY2023 990 (6 parts)
Part I · Summary $1,071,379 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $261,494$834,552
I-9 Program service revenuePrior year $98,050$37,259
I-10 Investment incomePrior year $233,915$199,568
I-11 Other revenue$0
I-12 Total revenuePrior year $593,459$1,071,379
I-13 Grants and similar amounts paidPrior year $199,393$153,746
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $146,410$98,558
I-18 Total expensesPrior year $345,803$252,304
I-19 Revenue less expensesPrior year $247,656$819,075
Part VI · Governance 12 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction 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
Part VIII · Statement of revenue $1,071,379 across 7 lines filed
VIII-1f All other contributions, gifts and grants$834,552
VIII-1g Noncash contributions (included above)$14,512
VIII-1h Total contributions, gifts and grants$834,552
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $37,259$37,259
VIII-3 Investment incomeExcluded from tax $210,438$210,438
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$10,870−$10,870
VIII-12 Total revenueRelated to mission $37,259 · Excluded from tax $199,568$1,071,379
Part IX · Statement of functional expenses $252,304 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $144,546$144,546
IX-2 Grants to domestic individualsPrograms $9,200$9,200
IX-11a Management feesPrograms $26,250 · Management $15,750 · Fundraising $10,500$52,500
IX-11b Legal feesPrograms $203 · Fundraising $135$338
IX-11c Accounting feesPrograms $2,640 · Fundraising $1,760$4,400
IX-11f Investment management feesManagement $25,206$25,206
IX-13 Office expensesPrograms $887 · Management $349 · Fundraising $799$2,035
IX-16 OccupancyPrograms $1,290 · Management $516 · Fundraising $774$2,580
IX-17 TravelPrograms $527 · Management $264 · Fundraising $88$879
IX-19 Conferences, conventions and meetingsPrograms $441 · Management $882 · Fundraising $441$1,764
IX-23 InsurancePrograms $275 · Management $1,036 · Fundraising $188$1,499
IX-24 Other expenses (24a–d)Programs $1,591 · Management $90 · Fundraising $5,676$7,357
IX-25 Total functional expensesPrograms $187,850 · Management $44,093 · Fundraising $20,361$252,304
Part X · Balance sheet $8,206,541 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $58,585$94,246
X-2 Savings and temporary cash investments$228,743
X-11 Publicly traded securitiesStart of year $6,626,483$7,883,552
X-16 Total assetsStart of year $6,685,068$8,206,541
X-17 Accounts payable and accrued expensesStart of year $282$96
X-25 Other liabilitiesStart of year $2,481,668$2,743,658
X-26 Total liabilitiesStart of year $2,481,950$2,743,754
X-27 Net assets without donor restrictionsStart of year $4,203,118$5,462,787
X-32 Total net assets or fund balancesStart of year $4,203,118$5,462,787
X-33 Total liabilities and net assetsStart of year $6,685,068$8,206,541
Part XI · Reconciliation of net assets $5,462,787 net assets at year end
XI-1 Total revenue$1,071,379
XI-2 Total expenses$252,304
XI-3 Revenue less expenses$819,075
XI-4 Net assets at start of year$4,203,118
XI-5 Net unrealized gains (losses) on investments$440,594
XI-10 Net assets at end of year$5,462,787

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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