Van Wert County Foundation
- Assets
- $84.1m
- Revenue
- $5.2m
- Investments
- $4.5m
- Employees
- 13
- Location
- Van Wert, OH
- Founding
- 04/1951
- Data as of
- 12/2021
- EIN
- 34-0907558
Organization Overview
Van Wert County Foundation is located in Van Wert, OH. The organization was established in 1951. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2021, Van Wert County Foundation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Van Wert 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, Van Wert County Foundation generated $5.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $5.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Van Wert County Foundation has awarded 430 individual grants totaling $16,663,738. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO RECEIVE AND INVEST CONTRIBUTIONS TO FURTHER THE MENTAL, MORAL, INTELLECTUAL OR PHYSICAL WELFARE AND ADVANCEMENT OF CITIZENS OF VAN WERT COUNTY, OHIO AND SUCH OTHER AREAS AS DIRECTED BY A DONOR. THE VAN WERT COUNTY FOUNDATION TRANSFORMS QUALITY OF LIFE BY SUPPORTING PURPOSEFUL ENDOWMENTS, INSPIRING COLLECTIVE GROWTH, AND BUILDING INITIATIVES FOR THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALLOCATIONS TO CHARITABLE ORGANIZATIONS AND TO GOVERNMENTAL UNITS TO FURTHER THE MENTAL, MORAL, INTELLECTUAL OR PHYSICAL WELFARE AND ADVANCEMENT OF CITIZENS OF VAN WERT COUNTY, OHIO AND SUCH OTHER AREAS AS DIRECTED BY THE DONOR.
SCHOLARSHIPS PROVIDED TO INDIVIDUALS IN VAN WERT, PAULDING, AND OTHER COUNTIES IN OHIO WHERE THE FOUNDATION HAS SIGNIFICANT INVOLVEMENT MONITORING QUALIFICATIONS.
THE FOUNDATION PROMOTES THE ARTS THROUGH THE SUPPORT OF THE VAN WERT AREA PERFORMING ARTS FOUNDATION WHICH BRINGS PERFORMING ARTS ENTERTAINMENT TO VAN WERT COUNTY AT MULTIPLE VENUES AND ALSO THROUGH POWERING THE SUMMER MUSIC SERIES IN FOUNTAIN PARK IN DOWNTOWN VAN WERT. THE ARTS ARE ALSO PROMOTED BY THE FOUNDATION'S SUPPORT OF THE WASSENBERG ART CENTER, A NOT FOR PROFIT COMMUNITY ART CENTER.
THE FOUNDATION FINANCIALLY SUPPORTS FRANKLIN PARK, A COMMUNITY PARK THE FOUNDATION WAS SIGNIFICANTLY INVOLVED IN CREATING AND TO WHICH THE FOUNDATION CONTRIBUTED SIGNIFICANTLY AND HIESTAND WOODS PARK WHICH BOASTS A PARK AREA AND A NATURE PRESERVE.ANOTHER VAN WERT COUNTY FOUNDATION PROGRAM, THE IMPACT PROGRAM, IS AIMED AT INCREASING THE CAPACITY OF NON-PROFIT ORGANIZATIONS SERVING AS AN INFORMATION RESOURCE AND ACTING AS A CATALYST TO ENCOURAGE STRONGER COLLABORATION AMONG NONPROFIT ORGANIZATIONS ENHANCING COLLECTIVE COMMUNITY IMPACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Seth Baker CEO | Officer | 40 | $111,672 |
Michael Holliday CFO | Officer | 40 | $3,365 |
Charles Koch Board Chair | OfficerTrustee | 1 | $0 |
Brian Renner Board Secretary | OfficerTrustee | 1 | $0 |
Andy Czajkowski Trustee | Trustee | 1 | $0 |
Larry Greve Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $207 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,104,785 |
| Noncash contributions included in lines 1a–1f | $14,700 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,104,992 |
| Total Program Service Revenue | $0 |
| Investment income | $1,213,700 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $658,485 |
| Net Gain/Loss on Asset Sales | $1,265,126 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,243,606 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,593,523 |
| Grants and other assistance to domestic individuals. | $856,287 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $124,701 |
| Compensation of current officers, directors, key employees. | $124,701 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $276,696 |
| Pension plan accruals and contributions | $18,830 |
| Other employee benefits | $39,741 |
| Payroll taxes | $28,743 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $68,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,171 |
| Fees for services: Other | $48,091 |
| Advertising and promotion | $29,868 |
| Office expenses | $21,519 |
| Information technology | $34,543 |
| Royalties | $0 |
| Occupancy | $106,879 |
| Travel | $353 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,661 |
| Insurance | $8,984 |
| All other expenses | $150 |
| Total functional expenses | $5,388,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,593 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $99,853 |
| Accounts receivable, net | $682,064 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $267,379 |
| Prepaid expenses and deferred charges | $82,018 |
| Net Land, buildings, and equipment | $12,775,144 |
| Investments—publicly traded securities | $65,581,429 |
| Investments—other securities | $4,540,808 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,846 |
| Total assets | $84,063,134 |
| Accounts payable and accrued expenses | $166,851 |
| Grants payable | $216,108 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $606,244 |
| 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 | $1,988,902 |
| Total liabilities | $2,978,105 |
| Net assets without donor restrictions | $2,662,738 |
| Net assets with donor restrictions | $78,422,291 |
| 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 | $84,063,134 |
Grants Awarded
Over the last fiscal year, Van Wert County Foundation has awarded $2,681,162 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
VAN WERT COUNTY AIRPORT AUTHORITY PURPOSE: OPERATING GRANT | $1,205,164 |
Van Wert, OH PURPOSE: OPERATING GRANT | $333,444 |
VANTAGE CAREER CENTER PURPOSE: OPERATING GRANT | $207,446 |
Van Wert, OH PURPOSE: OPERATING GRANT | $163,985 |
VAN WERT COUNTY HUMANE SOCIETY PURPOSE: BUILDING GRANTS | $141,917 |
VAN WERT CITY SCHOOLS PURPOSE: OPERATING GRANT | $77,336 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Van Wert County Foundation has recieved totaling $8,277.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $6,265 |
James A Robideau Foundation Columbus, OH PURPOSE: GENERAL | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Endowment Analysis
| Beg. Balance | $71,138,002 |
| Earnings | $6,804,133 |
| Admin Expense | $625,497 |
| Net Contributions | $2,349,139 |
| Grants | $2,143,294 |
| Ending Balance | $77,522,483 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vista Foundation Hershey, PA | $12,658,681 | $12,905,128 |
Storehouse For Teachers Pittsburgh, PA | $4,365,823 | $11,202,988 |
Kentucky Educational Development Corporation Ashland, KY | $6,070,827 | $11,298,796 |
Elevate 215 Philadelphia, PA | $9,991,857 | $10,518,985 |
Battelle For Kids Hilliard, OH | $8,986,527 | $5,810,919 |
Mastery Charter Schools Foundation Philadelphia, PA | $112,317,090 | $8,533,885 |
Van Wert County Foundation Van Wert, OH | $84,063,134 | $5,243,606 |
Middlebury Community Schools Employee Benefit Trust Middlebury, IN | $1,426,617 | $4,992,187 |
Carrol W Hirsch Ta Brooklyn, OH | $78 | $994,416 |
Ohio Foundation Of Independent Colleges Inc Columbus, OH | $10,019,771 | $4,357,939 |
Indianapolis Public Schools Education Foundation Inc Indianapolis, IN | $8,991,095 | $5,839,882 |
Sme Education Foundation Southfield, MI | $34,257,056 | $11,054,523 |