Toledo Public Schools Foundation
- Assets
- $1.3m
- Revenue
- $965.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Toledo, OH
- Founding
- 10/1987
- Data as of
- 06/2022
- EIN
- 34-1558705
Organization Overview
Toledo Public Schools Foundation is located in Toledo, OH. The organization was established in 1987. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2022, Toledo Public Schools Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Toledo Public Schools 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, Toledo Public Schools Foundation generated $965.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 32.7% each year . All expenses for the organization totaled $524.8k 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 MISSION OF THE TOLEDO PUBLIC SCHOOLS FOUNDATION IS TO PROMOTE QUALITY PUBLIC EDUCATION THROUGH SUPPLEMENTAL FUNDING FOR PROGRAMS, SCHOLARSHIPS, AND ACADEMIC INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SUPPORTS THE TOLEDO PUBLIC SCHOOLS' STUDENTS AND EDUCATORS. THEY AWARD SCHOLARSHIPS TO OUTSTANDING AND DESERVING STUDENTS WITHIN THE TOLEDO PUBLIC SCHOOLS' DISTRICT. THEY ALSO AWARD GRANTS TO TOLEDO PUBLIC SCHOOLS' TEACHERS FOR SPECIFIC PROGRAMS.FOR THE FISCAL YEAR THERE WERE SCHOLARSHIPS AWARDED TO 39 TOLEDO PUBLIC SCHOOL STUDENTS REPRESENTING 9 HIGH SCHOOLS WITHIN THE DISTRICT. THERE WERE ALSO 17 CREATIVE IMPACT GRANTS AWARDED THAT ARE DESIGNED TO ENABLE TEACHERS TO BRING INNOVATIVE AND EXICTING IDEAS, TECHNIQUES AND RESOURCES INTO THE CLASSROOM. THE FOUNDATION'S BRIDGE FUND SUPPORTED STUDENTS BY: (1) BY SENDING STUDENTS TO THE CYBER SECURITY YOUTH CAMP; (2) WE ALSO SENT STUDENTS TO JUNIOR NATIONALS YOUNG LEADERS CONFERENCE; (3) ADDITONALLY WE SENT STUDENTS TO THE CADET AND JUNIOR NATIONAL CHAMPIONS WRESTLING TOURNAMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Motycka ESQ Chairman | OfficerTrustee | 1 | $0 |
Merrill Grant Trustee | Trustee | 1 | $0 |
Romules Durant PHD Trustee | Trustee | 1 | $0 |
Mark Luetke Trustee | Trustee | 1 | $0 |
Dennis Hopson Trustee | Trustee | 1 | $0 |
Joel Epstein Vice Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $5,092 |
| Membership dues | $0 |
| Fundraising events | $149,019 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $806,414 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $960,525 |
| Total Program Service Revenue | $0 |
| Investment income | $6,029 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,010 |
| Net Income from Fundraising Events | -$15,490 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $965,334 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $317,968 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $90,472 |
| Compensation of current officers, directors, key employees. | $15,092 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,450 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,609 |
| Payroll taxes | $9,469 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,553 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,891 |
| Fees for services: Other | $37,913 |
| Advertising and promotion | $5,279 |
| Office expenses | $4,170 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $294 |
| 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 | $0 |
| Insurance | $907 |
| All other expenses | $0 |
| Total functional expenses | $524,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $794,987 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $486,091 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,281,078 |
| Accounts payable and accrued expenses | $1,093 |
| 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 | $1,093 |
| Net assets without donor restrictions | $571,051 |
| Net assets with donor restrictions | $708,934 |
| 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 | $1,281,078 |