The Scioto County Area Foundation
- Assets
- $47.1m
- Revenue
- $3.1m
- Investments
- $45.7m
- Employees
- 8
- Location
- Portsmouth, OH
- Founding
- 05/1974
- Data as of
- 12/2022
- EIN
- 51-0157026
Organization Overview
The Scioto County Area Foundation is located in Portsmouth, OH. The organization was established in 1974. 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 12/2022, Scioto County Area Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scioto County Area 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 12/2022, Scioto County Area Foundation generated $3.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. While expenses have increased by 2.7% per year over the past 8 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 2015, Scioto County Area Foundation has awarded 303 individual grants totaling $8,606,126. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES AN AVENUE BY WHICH A DONOR CAN PROVIDE FUNDS (AS CHARITY) TO SCHOOLS, CHURCHES, AND OTHER EXEMPT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL AND OPERATIONAL SUPPORT FOR LOCAL FINE ARTS ORGANIZATIONS
SCHOLARSHIPS TO COLLEGES AND UNIVERSITIES. SCHOLARSHIPS ARE PAID DIRECTLY TO THE EDUCATIONAL INSTITUTION ON BEHALF OF STUDENTS FROM THE SCIOTO COUNTY AREA.
LOCAL SCHOOLS, CHURCHES AND OTHER ORGANIZATIONS, WHICH PROVIDE PHYSICAL AND EMOTIONAL SUPPORT TO AREA RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Cutlip Executive Director | Officer | 40 | $125,650 |
Joshua Howard Board Member | Trustee | 4 | $0 |
Lee Powell Board Chair | Trustee | 4 | $0 |
Debra Esham Board Member | Trustee | 4 | $0 |
Jodi High Board Member | Trustee | 4 | $0 |
Barbara Brandbury Board Member | Trustee | 4 | $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 | $1,188,319 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,188,319 |
| Total Program Service Revenue | $0 |
| Investment income | $1,357,190 |
| 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 | $3,148,736 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,462,534 |
| 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. | $125,650 |
| Compensation of current officers, directors, key employees. | $32,749 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $180,079 |
| Pension plan accruals and contributions | $7,374 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $300 |
| Fees for services: Accounting | $23,056 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,920 |
| Advertising and promotion | $11,188 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,021 |
| Travel | $10,288 |
| 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 | $28,646 |
| Insurance | $8,292 |
| All other expenses | $40,328 |
| Total functional expenses | $1,943,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,085,875 |
| 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 | $151,942 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $45,738,761 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $92,263 |
| Total assets | $47,068,841 |
| Accounts payable and accrued expenses | $2,637 |
| Grants payable | $140,887 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $6,034,880 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $122,846 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,131 |
| Total liabilities | $6,306,381 |
| Net assets without donor restrictions | $7,588,235 |
| Net assets with donor restrictions | $33,174,225 |
| 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 | $47,068,841 |
Grants Awarded
Over the last fiscal year, The Scioto County Area Foundation has awarded $1,427,981 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
ADAMS COUNTY COMMUNITY FOUNDATION PURPOSE: To further the exempt purpose of the organization | $8,666 |
14TH STREET COMMUNITY CENTER | | | $9,175 |
1810 HOUSE | | | $5,760 |
AMERICAN RED CROSS PURPOSE: To further the exempt purpose of the organization | $10,000 |
CITY OF PORTSMOUTH PURPOSE: To further the exempt purpose of the organization | $50,000 |
CORNERSTONE UNITED METHODIST CHURCH PURPOSE: To further the exempt purpose of the organization | $16,285 |