Toledo Public Schools Foundation
- Assets
- $943.4k
- Revenue
- $788.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Toledo, OH
- Founding
- 10/1987
- Data as of
- 06/2021
- 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 06/2021, 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 06/2021, Toledo Public Schools Foundation generated $788.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 39.2% each year . All expenses for the organization totaled $447.7k during the year ending 06/2021. While expenses have increased by 6.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erica Halada Executive Director | Officer | 40 | $90,090 |
Adam Motycka ESQ Chairman | OfficerTrustee | 1 | $0 |
Matthew Mishler Secretary | OfficerTrustee | 1 | $0 |
Joel Epstein Vice Chairman | OfficerTrustee | 1 | $0 |
David Theiss Treasurer | OfficerTrustee | 1 | $0 |
Merrill Grant Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $774,442 |
| Investment income | $8,410 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $788,352 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $249,170 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $84,471 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,430 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,115 |
| Payroll taxes | $9,585 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,856 |
| Fees for services: Other | $22,823 |
| Advertising and promotion | $3,372 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $289 |
| 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 | $447,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $499,133 |
| 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 |
| Investments—publicly traded securities | $444,294 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $943,427 |
| Accounts payable and accrued expenses | $331 |
| 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 | $331 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $943,096 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Toledo Public Schools Foundation has recieved totaling $93,297.
| Awarding Organization | Amount |
|---|---|
Columbus Foundation Columbus, OH PURPOSE: EDUCATION | $75,000 |
Cleveland Foundation Cleveland, OH PURPOSE: COMMUNITY LEARNING COLLABORATIVES. | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $8,000 |
Gap Foundation San Francisco, CA PURPOSE: SUPPORT FOR EDUCATIONAL PROGRAMS | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $47 |
Endowment Analysis
| Beg. Balance | $480,297 |
| Earnings | $33,429 |
| Admin Expense | $6,395 |
| Other Expense | $11,533 |
| Ending Balance | $495,798 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vista Foundation Hershey, PA | $12,658,681 | $12,905,128 |
Storehouse For Teachers Pittsburgh, PA | $4,365,823 | $11,202,988 |
Kentucky Educational Development Corporation Ashland, KY | $6,070,827 | $11,298,796 |
Elevate 215 Philadelphia, PA | $9,991,857 | $10,518,985 |
Battelle For Kids Hilliard, OH | $8,986,527 | $5,810,919 |
Mastery Charter Schools Foundation Philadelphia, PA | $112,317,090 | $8,533,885 |
Van Wert County Foundation Van Wert, OH | $84,063,134 | $5,243,606 |
Middlebury Community Schools Employee Benefit Trust Middlebury, IN | $1,426,617 | $4,992,187 |
Carrol W Hirsch Ta Brooklyn, OH | $78 | $994,416 |
Ohio Foundation Of Independent Colleges Inc Columbus, OH | $10,019,771 | $4,357,939 |
Indianapolis Public Schools Education Foundation Inc Indianapolis, IN | $8,991,095 | $5,839,882 |
Sme Education Foundation Southfield, MI | $34,257,056 | $11,054,523 |