North Olmsted Foundation Inc
- Assets
- $315.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Vermilion, OH
- Founding
- 02/1999
- Data as of
- 12/2022
- EIN
- 31-1623498
Organization Overview
North Olmsted Foundation Inc is located in Vermilion, OH. The organization was established in 1999. 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. North Olmsted Foundation Inc 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, North Olmsted Foundation Inc generated $107.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 25.6% each year . All expenses for the organization totaled $2.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO MAINTAIN BUILDING USED BY BOY SCOUTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norman T Musial President | 8 | $0 | |
Donald J Machovina Treasurer | 6 | $0 | |
Marki N Musial Trustee | 2 | $0 | |
John Thomay Secretary | 1 | $0 | |
Charles Stollenwerk Trustee | 1 | $0 | |
Todd Musial Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $500 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,338 |
| Gain or Loss | $103,216 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,163 |
| Total Revenue | $107,217 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $550 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,421 |
| Total expenses | $1,971 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $194,825 |
| Other assets | $0 |
| Total assets | $315,190 |
| Total liabilities | $0 |
| Net assets or fund balances | $315,190 |