Toledo Community Foundation
- Assets
- $169.8m
- Revenue
- $23.4m
- Investments
- $158.5m
- Employees
- 25
- Location
- Toledo, OH
- Founding
- 06/1973
- Data as of
- 12/2020
- EIN
- 23-7284004
Organization Overview
Toledo Community Foundation, operating under the name Greater Toledo Community Foundation Inc, is located in Toledo, OH. The organization was established in 1973. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Greater Toledo Community Foundation Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Toledo Community Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Greater Toledo Community Foundation Inc generated $23.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $21.8m during the year ending 12/2020. While expenses have increased by 3.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Greater Toledo Community Foundation Inc has awarded 2,053 individual grants totaling $82,093,289. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS TO ENRICH THE QUALITY OF LIFE IN NORTHWEST OHIO AND SOUTHEAST MICHIGAN BY PROVIDING FINANCIAL SUPPORT TO INITIATE PROGRAMS THAT ADDRESS THE CHANGING NEEDS OF OUR REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS ORGANIZATION IS A PUBLIC CHARITABLE CORPORATION SERVING THE PEOPLE OF NORTHWEST OHIO AND SOUTHEAST MICHIGAN. FUNDS ARE EXPENDED FOR DESERVING CIVIC, CHARITABLE AND BENEVOLENT PURPOSES FOR THE BETTERMENT OF THE COMMUNITY AND RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Keith Burwell President | Officer | 50 | $260,783 |
Mrs Kimberly Cryan Chief Financial Officer | Officer | 45 | $164,188 |
Mr Ken Elkins Chief Operating Officer | 40 | $138,136 | |
Mr Jay Morgan Treasurer | OfficerTrustee | 0.75 | $0 |
Mr Hussien Y Shousher Chairman | OfficerTrustee | 0.75 | $0 |
Mr Pariss M Coleman II Secretary | OfficerTrustee | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,720,822 |
| Investment income | $4,994,608 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $135,720 |
| Net Gain/Loss on Asset Sales | $1,314,294 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,444,286 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,094,079 |
| Grants and other assistance to Foreign Orgs/Individuals | $145,713 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $488,556 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,186,587 |
| Pension plan accruals and contributions | $66,551 |
| Other employee benefits | $138,954 |
| Payroll taxes | $89,101 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,020 |
| Fees for services: Accounting | $29,230 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $124,451 |
| Fees for services: Other | $157,208 |
| Advertising and promotion | $203,528 |
| Office expenses | $156,039 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $77,732 |
| Travel | $36,839 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,015 |
| Insurance | $34,223 |
| All other expenses | $0 |
| Total functional expenses | $21,814,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,982,562 |
| Savings and temporary cash investments | $7,603,618 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $971,425 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $158,515,793 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $585,264 |
| Total assets | $169,770,837 |
| Accounts payable and accrued expenses | $13,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $303,400 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $316,400 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $169,454,437 |
Grants Awarded
Over the last fiscal year, Toledo Community Foundation has awarded $14,658,193 in support to 318 organizations.
| Grant Recipient | Amount |
|---|---|
Perrysburg, OH PURPOSE: GENERAL SUPPORT, EMPLOYEE EDUCATION, LIGHT UP YOUR LIFE, ANNUAL GIFT, HNO TOLEDO CENTER EXTERIOR PAINT, JUDY SEIBENICK EDUCATION FUND, HEART OF HOSPICE | $1,192,298 |
Perrysburg, OH PURPOSE: GENERAL SUPPORT, 2021 OPERATING NEEDS | $685,000 |
Toledo, OH PURPOSE: SOLAR PROJECT | $522,485 |
Toledo, OH PURPOSE: TO BENEFIT THE TOLEDO MUSEUM OF ART COMMUNITY IN SUPPORTING INDIVIDUAL CREATIVE EXPRESSION | $497,127 |
Toledo, OH PURPOSE: UWGT & ASPIRE PARTNERSHIP , ASPIRE PROGRAM, GENERAL SUPPORT, 2022 ANNUAL CONTRIBUTION, 50% FOR EDUCATION INITIATIVES.50% FOR UNITED WAY 2-1-1 SUPPORT., SUPPORT THE 2021 EMERGENCY FUND, MARCH/APRIL 2021 EMERGENCY SHELTER , 2020 CAMPAIGN, 2021-2022 CAMPAIGN, ANNUAL CONTRIBUTION - SHUMAKER EMPLOYEE CAMPAIGN, 2021 DONATION - TOCQUEVILLE SOCIETY, JANUARY 2021 EMERGENCY SHELTER | $391,032 |
Toledo, OH PURPOSE: ANNUAL DISTRIBUTION, LAND, KITCHEN ROOF, AND COMPUTERS | $384,362 |
Grants Recieved
Over the last fiscal year, we have identified 29 grants that Toledo Community Foundation has recieved totaling $931,378.
| Awarding Organization | Amount |
|---|---|
David And Lura Lovell Foundation Tucson, AZ PURPOSE: DONOR-ADV FUND FOR MENTAL HEALTH | $450,000 |
Gorski Family Foundation Maumee, OH PURPOSE: GENERAL OPERATIONS | $146,500 |
Promedica Health System Inc Toledo, OH PURPOSE: CHARITABLE DONATION | $81,000 |
The O-I Charities Foundation Perrysburg, OH PURPOSE: CHARITABLE SUPPORT | $50,000 |
Organization Name not Listed PURPOSE: GENERAL OPERATING | | $25,000 |
Bowling Green High School Class Of 1978 Foundation Lewis Center, OH PURPOSE: FUTURE COLLEGE SCHOLARSHIP | $25,000 |
Endowment Analysis
| Beg. Balance | $18,715,349 |
| Earnings | $6,404,003 |
| Admin Expense | $144,978 |
| Net Contributions | $408,167 |
| Grants | $1,660,923 |
| Ending Balance | $23,721,618 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Community Foundation Of Louisville Inc Louisville, KY | $675,486,716 | $70,628,491 |
Dayton Foundation Dayton, OH | $614,105,736 | $82,530,515 |
Battle Creek Community Foundation Battle Creek, MI | $135,380,333 | $32,635,612 |
Kalamazoo Community Foundation Kalamazoo, MI | $677,092,659 | $78,067,850 |
Grand Rapids Community Foundation Grand Rapids, MI | $425,971,455 | $49,247,168 |
Akron Community Foundation Akron, OH | $274,088,705 | $39,277,326 |
Dayton Foundation Depository Dayton, OH | $38,449,497 | $25,927,776 |
Community Foundation Of Elkhart County Inc Elkhart, IN | $418,149,768 | $41,619,440 |
Toledo Community Foundation Toledo, OH | $169,770,837 | $23,444,286 |
Blue Grass Community Foundation Inc Lexington, KY | $132,271,880 | $24,051,212 |
Erie Community Foundation Erie, PA | $290,579,169 | $26,731,197 |
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |