Charles F High Foundation
- Assets
- $945.5k
- Revenue
- $785.4k
- Investments
- $945.5k
- Employees
- 0
- Location
- Galion, OH
- Founding
- 05/1950
- Data as of
- 12/2022
- EIN
- 34-6527860
Organization Overview
Charles F High Foundation is located in Galion, OH. The organization was established in 1950. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Charles F High 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, Charles F High Foundation generated $785.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $785.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRUSTEES MEET PERIODICALLY TO REVIEW APPLICATIONS FOR SCHOLARSHIPS & STATUS IN SCHOOL OF STUDENTS GRANTED SCHOLARSHIPS INVESTMENTS ARE SCRUTINIZED AND THE ADVISE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
F J Farmer Trustee | 1 | $2,570 | |
2570 T Achterman Secretary Treasure | 1 | $2,570 | |
J Richard Miller Vice President | 1 | $2,570 | |
D J Wingate President | 1 | $2,570 | |
Steve Bowman Trustee | 1 | $2,570 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,349 |
| Dividends & Interest | $255,001 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $528,011 |
| Capital Gain Net Income | $528,011 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $785,361 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $33,414 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,379 |
| Depreciation | $0 |
| Occupancy | $500 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $717 |
| Total operating and administrative expenses | $45,935 |
| Contributions, gifts, grants paid | $739,063 |
| Total expenses and disbursements | $784,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $945,483 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $33,750 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $33,750 |