Springfield Foundation
- Assets
- $90.5m
- Revenue
- $4.8m
- Investments
- $30.2m
- Employees
- 8
- Location
- Springfield, OH
- Founding
- 07/1954
- Data as of
- 12/2019
- EIN
- 31-6030764
Organization Overview
Springfield Foundation is located in Springfield, OH. The organization was established in 1954. 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, Springfield Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springfield 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 12/2019, Springfield Foundation generated $4.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $4.2m during the year ending 12/2019. While expenses have increased by 3.0% per year over the past 5 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 2021, Springfield Foundation has awarded 120 individual grants totaling $2,638,113. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FOR ADVANCEMENT AND SUPPORT OF EDUCATION, WELFARE SERVICES, RECREATION, FINE ARTS, HEALTH SERVICES AND ENHANCEMENT OF CHILDREN'S LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SPRINGFIELD FOUNDATION PARTNERS WITH INDIVIDUALS, FAMILIES, AND ORGANIZATIONS TO PROVIDE A PERMANENT SOURCE OF CHARITABLE CAPITAL TO IMPROVE THE QUALITY OF LIFE OF THOSE IN CLARK COUNTY, OHIO. THESE RESOURCES ARE STRENGTHENED THROUGH SOUND INVESTMENT AND DILIGENT STEWARDSHIP AND ARE DISTRIBUTED AS GRANTS TO NON-PROFIT ORGANIZATIONS AND AS SCHOLARSHIPS FOR STUDENTS THROUGHOUT THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Vander Roest Executive Director | Officer | 40 | $137,618 |
Darrell Kitchen President | OfficerTrustee | 1 | $0 |
Stephen Moody Secretary | OfficerTrustee | 1 | $0 |
Victoria Dawson-Scruse Vice President | OfficerTrustee | 1 | $0 |
Brian Smith Treasurer | OfficerTrustee | 1 | $0 |
Steve Neely Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,624,125 |
| Investment income | $1,455,871 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $550,715 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,828,492 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $98,672 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $161,275 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $266,835 |
| Pension plan accruals and contributions | $14,663 |
| Other employee benefits | $28,040 |
| Payroll taxes | $29,675 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,353 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $125,168 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,018 |
| Office expenses | $30,078 |
| Information technology | $32,338 |
| Royalties | $0 |
| Occupancy | $41,500 |
| Travel | $0 |
| 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 | $6,644 |
| Insurance | $6,142 |
| All other expenses | $0 |
| Total functional expenses | $4,241,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,235,323 |
| Savings and temporary cash investments | $2,136,791 |
| Pledges and grants receivable | $45,244 |
| Accounts receivable, net | $0 |
| 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 | $16,697 |
| Investments—publicly traded securities | $53,070,183 |
| Investments—other securities | $30,162,978 |
| Investments—program-related | $257,733 |
| Intangible assets | $0 |
| Other assets | $2,574,046 |
| Total assets | $90,536,541 |
| Accounts payable and accrued expenses | $46,673 |
| Grants payable | $318,887 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $47,300,452 |
| 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 | $467,092 |
| Total liabilities | $48,133,104 |
| Net assets without donor restrictions | $11,487,704 |
| Net assets with donor restrictions | $30,915,733 |
| 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 | $42,403,437 |
Grants Awarded
Over the last fiscal year, Springfield Foundation has awarded $2,638,113 in support to 120 organizations.
| Grant Recipient | Amount |
|---|---|
Springfield, OH PURPOSE: GENERAL SUPPORT | $195,484 |
Springfield, OH PURPOSE: GENERAL SUPPORT | $104,307 |
Springfield, OH PURPOSE: GENERAL SUPPORT | $95,000 |
ENON UNITED METHODIST CHURCH PURPOSE: GENERAL SUPPORT | $83,123 |
Springfield, OH PURPOSE: GENERAL SUPPORT | $81,100 |
Springfield, OH PURPOSE: GENERAL SUPPORT | $72,450 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Springfield Foundation has recieved totaling $388,582.
| Awarding Organization | Amount |
|---|---|
Cleveland Foundation Cleveland, OH PURPOSE: DAVID J FLORA DONOR ADVISED FUND OF THE SPRINGFIELD FOUNDATION | $193,380 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: GENERAL OPERATING | $148,874 |
Harry M And Violet Turner Charitable Trust Springfield, OH PURPOSE: CHARITABLE CONTRIBUTION | $30,500 |
Wilson Sheehan Foundation Springfield, OH PURPOSE: NATIONAL TRAIL PARKS AND RECREATION DISTRICT ENDOWMENT | $5,000 |
Wilson Sheehan Foundation Springfield, OH PURPOSE: NATIONAL TRAIL PARKS AND RECREATION DISTRICT ENDOWMENT | $5,000 |
Weixelbaum A Fbo Char 4947-Ir-Tua 1519178870 Las Vegas, NV PURPOSE: GENERAL OPERATING | $1,900 |
Endowment Analysis
| Beg. Balance | $43,264,514 |
| Earnings | $9,123,373 |
| Admin Expense | $616,662 |
| Net Contributions | $5,021,556 |
| Grants | $2,014,231 |
| Ending Balance | $54,778,550 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
The Community Foundatio Of Louisville Depository Inc Louisville, KY | $29,429,716 | $18,203,702 |
Stark Community Foundation Inc Canton, OH | $373,666,840 | $68,744,620 |
Muskegon County Community Foundation Muskegon, MI | $247,862,579 | $28,555,582 |
Greater Kanawha Valley Foundation Charleston, WV | $329,426,372 | $27,972,481 |
Community Foundation Of Greater Flint Flint, MI | $212,857,243 | $17,865,297 |
Ann Arbor Area Community Foundation Ann Arbor, MI | $219,428,649 | $31,760,954 |
Community Foundation Of St Joseph County Inc South Bend, IN | $247,009,993 | $29,572,898 |
Community Foundation Of Greater Johnstown Johnstown, PA | $89,313,800 | $19,729,908 |
Fremont Area Community Foundation Fremont, MI | $291,559,908 | $22,142,594 |
Grand Haven Area Community Foundation Inc Grand Haven, MI | $189,481,921 | $23,464,810 |
The Community Foundation Of Louisville Corporate Depository In Louisville, KY | $17,663,337 | $10,177,129 |