Tallmadge Foundation
- Assets
- $659.0k
- Revenue
- $43.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Tallmadge, OH
- Founding
- 03/2001
- Data as of
- 10/2023
- EIN
- 34-1940419
Organization Overview
Tallmadge Foundation is located in Tallmadge, OH. The organization was established in 2001. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tallmadge 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 10/2023, Tallmadge Foundation generated $43.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $57.1k during the year ending 10/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE FOUNDATION IS TO FOSTER, ENHANCE AND SUPPORT EDUCATIONAL, CULTURAL AND RECREATIONAL ENRICHMENT IN THE COMMUNITY OF TALLMADGE, OHIO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS A CONDUIT TO DISTRIBUTE 20,500 IN SCHOLARSHIPS TO 15 TALLMADGE HIGH SCHOOL STUDENTS. SEE PAGE 6 OF THE ANNUAL REPORT FOR LIST OF SCHOLARSHIPS AND RECIPIENTS.
THE TALLMADGE FOUNDATION WAS ESTABLISHED IN 2000. A SMALL GROUP OF TALLMADGE RESIDENTS ESTABLISHED THE FOUNDATION FOR THE PURPOSE OF FOSTERING, ENHANCING AND SUPPORTING EDUCATIONAL, CULTURAL AND RECREATIONAL ACTIVITIES FOR THE COMMUNITY OF TALLMADGE. THE FOUNDATION PROVIDES A VEHICLE TO FUND PROGRAMS AND PROJECTS WHERE INITIATIVES WOULD COME FROM COMMUNITY-BASED CIVIC ORGANIZATIONS, LOCAL SCHOOLS, LOCAL GOVERNMENT AND EVEN INDIVIDUALS. THESE INITIATIVES COULD INCLUDE LEARNING OPPORTUNITIES, CULTURAL PROGRAMS, DEVELOPMENT SEMINARS, WORKSHOPS AND SKILL DEVELOPMENT. THE FOUNDATION'S AVENUES OF FUNDING ARE OPEN THROUGH GRANTS AND PARTNERING WITH ORGANIZATIONS AND INDIVIDUALS IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Allman Past Preside | OfficerTrustee | 1 | $0 |
Amanda Braden-Krkic Trustee | Trustee | 1 | $0 |
Janet Buntain Trustee | Trustee | 1 | $0 |
Christine Cipa Trustee | Trustee | 1 | $0 |
Chad Davis Trustee | Trustee | 1 | $0 |
Courtney Davis Trustee | Trustee | 1 | $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 | $27,398 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,398 |
| Total Program Service Revenue | $0 |
| Investment income | $15,674 |
| 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 | $43,072 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,666 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $5,459 |
| Total functional expenses | $57,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,860 |
| 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 | $624,164 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $659,024 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $200,202 |
| Net assets with donor restrictions | $458,822 |
| 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 | $659,024 |
Grants Awarded
Over the last fiscal year, Tallmadge Foundation has awarded $45,210 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TALLMADGE CITY SCHOOLS PURPOSE: GRANTS | $6,200 |
TALLMADGE CITY SCHOOLS PURPOSE: SCHOLARSHIP | $20,500 |
TALLMADGE CITY SCHOOLS PURPOSE: ONSITE DRUG TESTING | $8,360 |
TALLMADGE CITY SCHOOLS PURPOSE: FX MAKE UP LAB | $10,150 |