Toledo Community Foundation
- Assets
- $231.0m
- Revenue
- $26.9m
- Investments
- $210.7m
- Employees
- 23
- Location
- Toledo, OH
- Founding
- 06/1973
- Data as of
- 12/2022
- 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 12/2022, Greater Toledo Community Foundation Inc employed 23 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 12/2022, Greater Toledo Community Foundation Inc generated $26.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $23.0m during the year ending 12/2022. While expenses have increased by 5.0% per year over the past 7 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 2,424 individual grants totaling $96,937,218. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
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:
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 Hussien Y Shousher Chairman | OfficerTrustee | 0.75 | $0 |
Mr Michael Gibbons Vice Chairman | OfficerTrustee | 0.75 | $0 |
Mr Pariss M Coleman II Secretary | OfficerTrustee | 0.75 | $0 |
Mr Jay Morgan Treasurer | OfficerTrustee | 0.75 | $0 |
Mr Richard L Arnos Trustee | Trustee | 0.75 | $0 |
Mr Harold R Howell Jr Trustee | Trustee | 0.75 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Communica Promotion & Advertising | 12/30/22 | $245,588 |
Cose Health And Wellness Trust Health Insurance | 12/30/22 | $148,561 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $767,608 |
| Government grants | $303,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,202,051 |
| Noncash contributions included in lines 1a–1f | $2,538,459 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,273,059 |
| Total Program Service Revenue | $0 |
| Investment income | $6,442,957 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$352,848 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,939,369 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,700,022 |
| Grants and other assistance to domestic individuals. | $1,422,635 |
| Grants and other assistance to Foreign Orgs/Individuals | $187,129 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $542,953 |
| Compensation of current officers, directors, key employees. | $540,026 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,079,489 |
| Pension plan accruals and contributions | $46,426 |
| Other employee benefits | $154,487 |
| Payroll taxes | $90,501 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $798 |
| Fees for services: Accounting | $31,541 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $144,427 |
| Fees for services: Other | $29,733 |
| Advertising and promotion | $475,054 |
| Office expenses | $137,022 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $74,648 |
| Travel | $79,695 |
| 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 | $41,132 |
| Insurance | $19,335 |
| All other expenses | $58,010 |
| Total functional expenses | $23,002,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,739,653 |
| Savings and temporary cash investments | $7,856,334 |
| 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 | $10,002,720 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $85,647 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $210,745,951 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $580,058 |
| Total assets | $231,010,363 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $25,286,036 |
| Net assets with donor restrictions | $205,724,327 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $231,010,363 |
Grants Awarded
Over the last fiscal year, Toledo Community Foundation has awarded $14,843,929 in support to 371 organizations.
| Grant Recipient | Amount |
|---|---|
A CHILDS CUP FULL ASSOCIATION PURPOSE: DONATION MATCH FROM WELLTOWER | $16,000 |
ADVOCATES FOR BASIC LEGAL EQUALITY INC PURPOSE: IMMIGRATION ADVOCACY PROJECT, JUSTICE FOR ALL CAMPAIGN, ACCESS TO JUSTICE FUND, IMMIGRATION ADVOCACY PROJECT, LEGAL SUPPORT FOR JUNCTION SUCCESS, JUSTICE STRAIGHT UP | $200,800 |
ADOPT AMERICA NETWORK PURPOSE: GENERAL SUPPORT, 2023 CONTRIBUTION, ADOPT AMERICA NETWORK NONPROFIT EXCELLENCE AWARD, FAMILIES FOR KIDS, LOVE & LUGGAGE PROGRAM | $85,400 |
ADVOCATING OPPORTUNITY PURPOSE: GENERAL OPERATING SUPPORT, HOLISTIC LEGAL SERVICES FOR VICTIMS, ANNUAL FUNDRAISER, ADDRESSING YOUTH HUMAN TRAFFICKING, ADDRESSING YOUTH HUMAN TRAFFICKING, TRANSPORTATION FOR HT VICTIMS | $31,750 |
AFTER-SCHOOL ALL-STARS OHIO PURPOSE: ASAS OHIO HOCKEY HEROES PROGRAM | $5,715 |
ALL INDIA MOVEMENT AIM FOR SEVA INC PURPOSE: SHAMLAJI HOSPITAL FACIAL PLASTIC CLINIC DECEMBER 2022 | $6,000 |