Wagnalls Memorial Foundation
- Assets
- $4.5m
- Revenue
- $764.0k
- Investments
- $1.7m
- Employees
- 0
- Location
- Lithopolis, OH
- Founding
- 11/1989
- Data as of
- 12/2021
- EIN
- 31-4379589
Organization Overview
Wagnalls Memorial Foundation is located in Lithopolis, OH. The organization was established in 1989. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wagnalls Memorial 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 12/2021, Wagnalls Memorial Foundation generated $764.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $888.3k during the year ending 12/2021. While expenses have increased by 1.1% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FOR A FOUNDATION LIBRARY TO SERVE LOCAL RESIDENTS.
PROVIDE FOR A COMMUNITY CENTER TO SERVE LOCAL RESIDENTS.
PROVIDE SCHOLARSHIPS FOR THE HIGHER EDUCATION OF QUALIFIED COMMUNITY MEMBERS.
PROVIDE FOR A FOUNDATION THEATRE TO SERVE LOCAL RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Cotner Chair | 2 | $0 | |
Katherine Graham Past Chair | 2 | $0 | |
Ron Fridley Vice Chair | 2 | $0 | |
Miranda Zircher Board Member | 2 | $0 | |
Steven Bauers Board Member | 2 | $0 | |
John Bitler Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $81,642 |
| Interest on Savings | $31,881 |
| Dividends & Interest | $169,797 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $480,641 |
| Total Revenue | $763,961 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $243,685 |
| Pension plans, employee benefits | $24,230 |
| Interest | $682 |
| Taxes | $3,869 |
| Depreciation | $194,208 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $367,546 |
| Total operating and administrative expenses | $862,321 |
| Contributions, gifts, grants paid | $26,000 |
| Total expenses and disbursements | $888,321 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,555 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $131,273 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,159,738 |
| Other assets | $1,250,628 |
| Total assets | $4,539,428 |
| Accounts payable and accrued expenses | $26,550 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $58,158 |
| Total liabilities | $84,708 |
Peer Organizations
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|---|---|---|
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The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |