Licking County Foundation
- Assets
- $148.8m
- Revenue
- $12.5m
- Investments
- $5.2m
- Employees
- 7
- Location
- Newark, OH
- Founding
- 06/2002
- Data as of
- 12/2021
- EIN
- 31-1760702
Organization Overview
Licking County Foundation is located in Newark, OH. The organization was established in 2002. 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. As of 12/2021, Licking County Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Licking County 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 12/2021, Licking County Foundation generated $12.5m in total revenue. All expenses for the organization totaled $5.9m during the year ending 12/2021. While expenses have increased by 66.0% per year over the past 7 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 2016, Licking County Foundation has awarded 468 individual grants totaling $13,365,392. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE FOR ALL CITIZENS OF LICKING COUNTY
Describe the Organization's Program Activity:
LICKING COUNTY FOUNDATION IS A PUBLIC CHARITABLE ORGANIZATION MADE UP OF A DIVERSE COLLECTION OF FUNDS GIVEN BY CARING INDIVIDUALS, BUSINESSES, AND ORGANIZATIONS THAT HAVE A COMMON CONCERN FOR THE WELL-BEING OF THE PEOPLE OF LICKING COUNTY. DISTRIBUTIONS FROM THESE FUNDS MAINTAIN AND ENHANCE THE EDUCATIONAL, SOCIAL, CULTURAL, HEALTH AND CIVIC RESOURCES OF THE COMMUNITY THROUGH SUPPORT OF QUALIFIED CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Constance J Hawk Executive Director | Officer | 40 | $138,625 |
Dean Busack Financial Officer | Officer | 40 | $78,652 |
Molly Ingold Vice Chair | OfficerTrustee | 2 | $0 |
Cynthia Menzer Immediate Past Chair | OfficerTrustee | 1 | $0 |
Timothy Lehman Secretary & Treasurer | OfficerTrustee | 1 | $0 |
Noble Snow Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $900,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,104,634 |
| Noncash contributions included in lines 1a–1f | $1,874,690 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,004,634 |
| Total Program Service Revenue | $32,073 |
| Investment income | $2,239,135 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,154,350 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,459,784 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,948,466 |
| Grants and other assistance to domestic individuals. | $1,230,455 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $238,908 |
| Compensation of current officers, directors, key employees. | $86,023 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $199,394 |
| Pension plan accruals and contributions | $9,792 |
| Other employee benefits | $41,715 |
| Payroll taxes | $30,950 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $99,260 |
| Fees for services: Accounting | $16,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $291,583 |
| Fees for services: Other | $17,472 |
| Advertising and promotion | $43,772 |
| Office expenses | $20,160 |
| Information technology | $62,370 |
| Royalties | $0 |
| Occupancy | $44,115 |
| 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 | $90,950 |
| Insurance | $35,698 |
| All other expenses | $52,736 |
| Total functional expenses | $5,859,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $383,005 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $282,204 |
| Accounts receivable, net | $827,449 |
| 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 | $18,421 |
| Net Land, buildings, and equipment | $7,629,341 |
| Investments—publicly traded securities | $134,163,411 |
| Investments—other securities | $5,211,163 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $255,761 |
| Total assets | $148,770,755 |
| Accounts payable and accrued expenses | $441,014 |
| Grants payable | $316,600 |
| 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 | $13,681,737 |
| Total liabilities | $14,439,351 |
| Net assets without donor restrictions | $130,483,448 |
| Net assets with donor restrictions | $3,847,956 |
| 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 | $148,770,755 |
Grants Awarded
Over the last fiscal year, Licking County Foundation has awarded $2,638,621 in support to 140 organizations.
| Grant Recipient | Amount |
|---|---|
Newark, OH PURPOSE: FOR THE ANNUAL MORTGAGE PAYMENT FOR THE CHRISTINE WARNER CHILD CARE CENTER | $180,244 |
Newark, OH PURPOSE: THE NEWARK ARCADE CAPITAL CAMPAIGN | $150,000 |
Newark, OH PURPOSE: FOR THE ANNUAL SPRING TRIP TO WASHINGTON DC FOR ALL NCS 8TH GRADE STUDENTS | $85,549 |
Columbus, OH PURPOSE: GENERAL SUPPORT | $77,167 |
Newark, OH PURPOSE: TO SUPPORT CURRENT CAPITAL NEEDS, PARTICULARLY AS THEY RELATE TO THE NECESSARY HVAC UPDATES AND BUILDING EXPANSION FOR THE TRADES PROGRAM. | $75,000 |
SECOND PRESBYTERIAN CHURCH PURPOSE: FOR SCHOLARSHIPS FOR PRESBYTERIAN STUDENTS IN PRESBYTERIAN COLLEGES & THEOLOGICAL SEMINARIES. | $71,722 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Licking County Foundation has recieved totaling $1,702,496.
| Awarding Organization | Amount |
|---|---|
Jeffris Family Foundation Ltd Janesville, WI PURPOSE: CHARITABLE - RESTORATION OF LOUIS SULLIVAN BUILDING OF NEWARK | $1,145,000 |
Miller Emerson R Trust 1966-1988 Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $132,246 |
Gilbert Reese Family Foundation Newark, OH PURPOSE: EMPOWER CHALLENGE | $113,000 |
Thomas J Evans Fdn Newark, OH PURPOSE: PICKLEBALL FACILITIES FUND | $100,000 |
Park National Bank Foundation Park National Bank Newark, OH PURPOSE: SUPPORT | $60,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $50,000 |
Endowment Analysis
| Beg. Balance | $48,222,825 |
| Earnings | -$1,555,822 |
| Net Contributions | $738,700 |
| Other Expense | $1,915,966 |
| Ending Balance | $45,489,737 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
Communtiy Foundation Of The Holland Zeeland Area Holland, MI | $102,848,837 | $16,439,772 |
Pittsburgh Promise Foundation Pittsburgh, PA | $59,585,111 | $15,082,951 |
Pennsylvania Ems Provider Foundation Harrisburg, PA | $55,116 | $0 |
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |
Comerica Charitable Tr Detroit, MI | $75,789,432 | $13,296,605 |
New Albany Community Foundation New Albany, OH | $19,894,351 | $7,914,986 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
The Wayne And Joan Webber Foundation Clinton Township, MI | $34,958,708 | $9,275,748 |
United Way Of Greater Stark County Inc Canton, OH | $15,976,372 | $6,358,831 |