Waite Hill Village Foundation
- Assets
- $1.1m
- Revenue
- $173.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Waite Hill, OH
- Founding
- 05/2015
- Data as of
- 12/2023
- EIN
- 47-2635076
Organization Overview
Waite Hill Village Foundation is located in Waite Hill, OH. The organization was established in 2015. According to its NTEE Classification (T30) the organization is classified as: Public 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. Waite Hill Village 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 12/2023, Waite Hill Village Foundation generated $173.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $54.3k during the year ending 12/2023. 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 PURSUE CONTRIBUTIONS FROM RESIDENTS OF WAITE HILL AND EVEN FROM INTERESTED NON-RESIDENTS, WHO WILL VOLUNTARILY CONTRIBUTE ON A TAX DEDUCTIBLE BASIS TO THE VILLAGE FOR IT TO FUND ITS OPERATIONS. HOWEVER, THE DONORS WILL NOT GIVE THE VILLAGE UNFETTERED IMMEDIATE CONTROL OVER THE FUNDS. RATHER, THE FOUNDATION WILL ALLOCATE FUNDS AS NEED FOR VARIOUS VILLAGE PROJECTS. THE INVESTMENT INCOME MAY BE USED FOR DAY-TO-DAY VILLAGE OPERATIONS, BUT ANY FUNDS WITHDRAWN FROM THE PRINCIPAL WILL BE USED FOR LONG-TERM CAPITAL IMPROVEMENTS TO THE VILLAGE. ALSO, TO THE EXTENT THAT THE VILLAGE WOULD QUALIFY FOR OHIO OR FEDERAL AID, THE FOUNDATION WOULD NOT BE CONSIDERED AN AVAILABLE RESOURCE FOR THE VILLAGE SO THAT IT MAY QUALIFY FOR CERTAIN FINANCIAL ASSISTANCE. IN ADDITION, THERE ARE CERTAIN RESTRICTIONS ON MUNICIPALITIES AND VILLAGES IN THE STATE OF OHIO WITH RESPECT TO THE INVESTMENT OF THEIR FUNDS. THIS FUND WOULD NOT BE AN INVESTMENT BY THE MUNICIPALITY, AND WOULD T
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO HELP FUND VILLAGE DEFICITS AND CAPITAL PROJECTS OF WAITE HILL VILLAGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Cox Director | Trustee | 1 | $0 |
Christina Legros Director | Trustee | 1 | $0 |
Ralph R Lustri Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $143,929 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,929 |
| Total Program Service Revenue | $0 |
| Investment income | $29,968 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$921 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $172,976 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $45,430 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,047 |
| Fees for services: Other | $414 |
| 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 | $1,287 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $54,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $117,944 |
| 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 | $993,587 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,111,531 |
| 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 | $1,111,531 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,111,531 |