Huron County Community Foundation
- Assets
- $6.7m
- Revenue
- $593.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Norwalk, OH
- Founding
- Data as of
- 12/2022
- EIN
- 85-4391782
Organization Overview
Huron County Community Foundation is located in Norwalk, OH. 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. Huron County Community 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, Huron County Community Foundation generated $593.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (66.4%) each year. All expenses for the organization totaled $345.8k during the year ending 12/2022. 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 ORGANIZATION AWARDS COMMUNITY GRANTS TO 501(C)(3)TAX EXEMPT ORGANIZATIONS IN THE SPRING AND FALL EACH YEAR ALONG WITH, AWARD TEACHER MINI GRANTS TO EACH SCHOOL IN LATE FALL. THESE GRANTS ARE TO BENEFIT ORGANIZATIONS AND SCHOOLS IN HURON COUNTY, OHIO. THESE GRANTS PROVIDE THE OPPORTUNITY TO TAX EXEMPT ORGANIZATIONS TO HELP MEMBERS OF THE COMMUNITY AND THE SCHOOLS ARE ABLE TO DO SPECIAL PROJECTS THAT IMPACTS THE STUDENTS AND ENRICHES THEIR EXPERIENCE. THE ADVANCEMENT OFFICER SPENDS APPROXIMATELY 95% OF THEIR TIME MEETING WITH ORGANIZATION'S, BUSINESSES AND INDIVIDUALS LOOKING TO SET UP A FUND AND ALSO LETTING THE COMMUNITY KNOW THESE GRANTS ARE AVAILABLE TO TAX-EXEMPT ORGANIZATIONS AND SCHOOLS. THESE GRANTS ARE MADE POSSIBLE THROUGH DONOR-ADVISED FUNDS, ENDOWMENTS, SCHOLARSHIPS, AND FIELDS-OF-INTEREST FUNDS TO LIST A FEW. THE FUNDS ARE FUNDED THROUGH THE DONATIONS FROM INDIVIDUALS, FAMILIES AND BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION AWARDS COMMUNITY GRANTS TO 501(C)(3) TAX EXEMPT ORGANIZATIONS IN THE SPRING AND FALL EACH YEAR ALONG WITH, AWARD TEACHER MINI GRANTS TO EACH SCHOOL IN LATE FALL. THESE GRANTS ARE TO BENEFIT ORGANIZATIONS AND SCHOOLS IN HURON COUNTY, OHIO. THESE GRANTS PROVIDE THE OPPORTUNITY TO TAX EXEMPT ORGANIZATIONS TO HELP MEMBERS OF THE COMMUNITY AND THE SCHOOLS ARE ABLE TO DO SPECIAL PROJECTS THAT IMPACTS THE STUDENTS AND ENRICHES THEIR EXPERIENCE. THE ADVANCEMENT OFFICER SPENDS APPROXIMATELY 95% OF THEIR TIME MEETING WITH ORGANIZATION'S, BUSINESSES AND INDIVIDUALS LOOKING TO SET UP A FUND AND ALSO LETTING THE COMMUNITY KNOW THESE GRANTS ARE AVAILABLE TO TAX-EXEMPT ORGANIZATIONS AND SCHOOLS. THESE GRANTS ARE MADE POSSIBLE THROUGH DONOR-ADVISED FUNDS, ENDOWMENTS, SCHOLARSHIPS, AND FIELDS-OF-INTEREST FUNDS TO LIST A FEW. THE FUNDS ARE FUNDED THROUGH THE DONATIONS FROM INDIVIDUALS, FAMILIES AND BUSINESSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Camp President | OfficerTrustee | 2 | $0 |
Ray Chapin Secretary/treasurer | OfficerTrustee | 2 | $0 |
Bradley Davis Director | Trustee | 1 | $0 |
William Kalfs Director | Trustee | 1 | $0 |
Vicki Missler Director | Trustee | 1 | $0 |
Kathy Conway-Molek Director | 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 | $261,494 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $261,494 |
| Total Program Service Revenue | $98,050 |
| Investment income | $143,279 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $90,636 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $593,459 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $189,393 |
| Grants and other assistance to domestic individuals. | $10,000 |
| 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 | $104,158 |
| 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 | $21,254 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $699 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,580 |
| Travel | $1,880 |
| 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 | $1,497 |
| All other expenses | $0 |
| Total functional expenses | $345,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,585 |
| 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 | $6,626,483 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,685,068 |
| Accounts payable and accrued expenses | $282 |
| 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 | $2,481,668 |
| Total liabilities | $2,481,950 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $4,203,118 |
| Total liabilities and net assets/fund balances | $6,685,068 |