Ohio Living Foundation
- Assets
- $83.0m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Westerville, OH
- Founding
- 06/1986
- Data as of
- 06/2022
- EIN
- 31-1166164
Organization Overview
Ohio Living Foundation is located in Westerville, OH. The organization was established in 1986. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ohio Living Foundation 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 06/2022, Ohio Living Foundation generated $7.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $2.5m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE OHIO LIVING FOUNDATION'S PURPOSE IS TO PARTNER WITH DONORS TO PROVIDE CHARITABLE SUPPORT FOR THE PEOPLE, PROJECTS AND PROGRAMS OF OHIO LIVING. OHIO LIVING SERVES PEOPLE OF ALL INCOME LEVELS AGE 55 AND UP IN ITS SENIOR LIVING COMMUNITIES, AND PRIMARILY ANY ADULT THROUGH ITS HOME HEALTH AND HOSPICE SUBSIDIARY. CHARITABLE SUPPORT IS NEEDED FOR OHIO LIVING TO CONTINUE TO SERVE ALL INCOME LEVELS, AS WELL AS RESIDENTS RECEIVING LIFE CARE SUPPORT WHO, IN GOOD FAITH, HAVE EXHAUSTED THEIR PERSONAL FUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OTHE OHIO LIVING FOUNDATION FULFILLS THE FUNDRAISING AND INVESTMENT RESPONSIBILITIES OF OHIO LIVING COMMUNITIES AND OHIO LIVING HOLDINGS.THE FOUNDATION CURRENTLY SERVES:OHIO LIVING BRECKENRIDGE VILLAGEOHIO LIVING CAPE MAYOHIO LIVING DOROTHY LOVEOHIO LIVING LAKE VISTAOHIO LIVING LLANFAIROHIO LIVING MOUNT PLEASANTOHIO LIVING ROCKYNOLOHIO LIVING SWAN CREEKOHIO LIVING WESTMINSTER-THURBEROHIO LIVING VINEYARD ON CATAWBAOHIO LIVING HOLDINGS (7 REGIONAL SITES)OHIO LIVING SARAH MOOREOHIO LIVING QUAKER HEIGHTSLIFE CARE COMMITMENT:THE GOAL IS TO ASSURE OHIO LIVING COMMUNITIES RESIDENTS THAT THEY WILL ALWAYS HAVE A HOME IN OUR COMMUNITIES EVEN IF, IN GOOD FAITH, THEY EXHAUST THEIR PERSONAL FUNDS.HOME HEALTH & HOSPICE:THE GOAL IS TO HELP OLDER ADULTS REMAIN INDEPENDENT. GIFT SUPPORT PROVIDES ASSISTANCE FOR A VARIETY OF COMMUNITY BASED SERVICES, INCLUDING HOME HEALTH CARE, PERSONAL CARE AND HOSPICE.SPIRITUAL LIFE:THE GOAL IS TO ENHANCE THE SPIRITUAL LIVES OF OUR RESIDENTS. NINE OF OUR CAMPUSES HAVE CHAPLAINS ON STAFF AND MOST COMMUNITIES HAVE THEIR OWN CHAPEL. GIFT SUPPORT HELPS PROVIDE PROGRAMS FOR RESIDENTS AND FAMILIES AS WELL AS TRAINING FOR STAFF.REHABILITATION:THE GOAL IS TO HELP PATIENTS RECOVER FROM INJURY OR ILLNESS SO THEY CAN REGAIN THEIR INDEPENDENCE AND CONTINUE TO LIVE LIFE TO THE FULLEST. GIFT SUPPORT PROVIDES ASSISTANCE FOR A VARIETY OF SERVICES, INCLUDING NEW EQUIPMENT, ENHANCED TECHNOLOGY, PHYSICAL IMPROVEMENTS, AND ADDITIONAL STAFF TRAINING.CAPITAL SUPPORT:THIS INCLUDES ONGOING RENOVATIONS OF CURRENT FACILITIES AND THE DEVELOPMENT OF SPECIAL USE SPACE. THE FOUNDATION HELPS MEET OHIO LIVING COMMUNITIES LARGER CAPITAL NEEDS THROUGH CAMPAIGNS THAT SUPPORT SPECIFIC PROJECTS.ENDOWMENT SUPPORT:MANY DONORS WANT TO ENSURE THAT THE PROGRAMS THEY SUPPORT NOW WILL BE AVAILABLE FOR OLDER ADULTS IN THE YEARS TO COME. ENDOWMENT FUNDS ARE PERMANENTLY INVESTED TO PROVIDE INCOME FOR THE LONG TERM BENEFIT OF OHIO LIVING. ONLY THE INCOME FROM AN ENDOWMENT FUND CAN BE USED, LEAVING THE PRINCIPAL PRESERVED TO PERMANENTLY SUPPORT THE DONOR'S SELECTED PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurence C Gumina Chief Executive Officer | OfficerTrustee | 2 | $0 |
Daniel Ginis Chief Foundation Officer | OfficerTrustee | 40 | $0 |
Mary Cochran Director/assistant Secretary | OfficerTrustee | 2 | $0 |
Richard Frenchie Director/board Vice Chair | OfficerTrustee | 2 | $0 |
Robert Parker Director/chair | OfficerTrustee | 2 | $0 |
Barney Wright Director/assistant Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,609,931 |
| Noncash contributions included in lines 1a–1f | $43,969 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,609,931 |
| Total Program Service Revenue | $0 |
| Investment income | $1,172,361 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,000,664 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,782,956 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $339,911 |
| Compensation of current officers, directors, key employees. | $339,911 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $850,364 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $155,122 |
| Payroll taxes | $84,298 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,355 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $241,624 |
| Advertising and promotion | $7,000 |
| Office expenses | $267,567 |
| Information technology | $43,263 |
| Royalties | $0 |
| Occupancy | $7,006 |
| Travel | $45,919 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,268 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,537 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,516,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,309,005 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,943,783 |
| Accounts receivable, net | $95,791 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $37,754 |
| Investments—publicly traded securities | $51,155,352 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,459,039 |
| Total assets | $83,000,724 |
| Accounts payable and accrued expenses | $444,983 |
| 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 | $1,554,743 |
| Total liabilities | $1,999,726 |
| Net assets without donor restrictions | $18,646,824 |
| Net assets with donor restrictions | $62,354,174 |
| 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 | $83,000,724 |