TOLEDO CLASSIC INC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
TOLEDO CLASSIC INC (EIN 34-1499072)
Tax period
2022-10-01 to 2023-09-30
Filed
2024-08-08
IRS object ID
202402219349301215
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-08-08T14:18:06-05:00ReturnTs
Tax Period End2023-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN383635706PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1REHMANN ROBSON LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line17124 W CENTRAL AVEAddressLine1Txt
CityTOLEDOCityNm
State AbbreviationOHStateAbbreviationCd
ZIP43617ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN341499072EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TOLEDO CLASSIC INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTOLEBusinessNameControlTxt
Phone4195313277PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13400 EXECUTIVE PKWY STE 1AAddressLine1Txt
CityTOLEDOCityNm
State AbbreviationOHStateAbbreviationCd
ZIP43606ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJUDD SILVERMANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone4195313277PhoneNum
Signature2024-08-07SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKRISTEN G MORSE CPAPreparerPersonNm
PTINP01034447PTIN
Phone4198658118PhoneNum
Preparation2024-08-06PreparationDt
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2024-08-08 14:25:15ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name ChangeYes (X)NameChangeInd

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1DANA OPENBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerJUDD SILVERMANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13400 EXECUTIVE PARKWAY SUITE 1AAddressLine1Txt
CityTOLEDOCityNm
State AbbreviationOHStateAbbreviationCd
ZIP43606ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$4,926,030GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressDANAOPEN.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1984FormationYr
Legal Domicile StateOHLegalDomicileStateCd
Activity Or MissionTOLEDO CLASSIC, INC. CONDUCTS THE DANA OPEN. THE NET PROCEEDS OF THIS EVENT ARE DISTRIBUTED TO TOLEDO AREA CHILDREN'S CHARITIES TO BE USED FOR CHARITABLE PURPOSES.ActivityOrMissionDesc
Voting Members Governing Body30VotingMembersGoverningBodyCnt
Voting Members Independent29VotingMembersIndependentCnt
Total Employee8TotalEmployeeCnt
Total Volunteers700TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$5,696,245PYProgramServiceRevenueAmt
CY Program Service Revenue$4,911,323CYProgramServiceRevenueAmt
PY Investment Income$14,903PYInvestmentIncomeAmt
CY Investment Income$14,707CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$5,711,148PYTotalRevenueAmt
CY Total Revenue$4,926,030CYTotalRevenueAmt
PY Grants And Similar Paid$400,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$215,500CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$709,068PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$597,737CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$4,702,865PYOtherExpensesAmt
CY Other Expenses$4,286,073CYOtherExpensesAmt
PY Total Expenses$5,811,933PYTotalExpensesAmt
CY Total Expenses$5,099,310CYTotalExpensesAmt
PY Revenues Less Expenses-$100,785PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$173,280CYRevenuesLessExpensesAmt
Total Assets BOY$1,236,342TotalAssetsBOYAmt
Total Assets EOY$796,557TotalAssetsEOYAmt
Total Liabilities BOY$400,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$215,500TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$836,342NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$581,057NetAssetsOrFundBalancesEOYAmt
MissionTOLEDO CLASSIC, INC. CONDUCTS THE DANA OPEN. THE NET PROCEEDS OF THIS EVENT ARE DISTRIBUTED TO TOLEDO AREA CHILDREN'S CHARITIES TO BE USED FOR CHARITABLE PURPOSES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$4,505,561ExpenseAmt
Grant$215,500GrantAmt
Revenue$4,911,323RevenueAmt
DescNET REVENUES IN EXCESS OF UNDISTRIBUTED TOURNAMENT EQUITY FROM THE 2023 DANA OPEN LADIES PROFESSIONAL GOLF ASSOCIATION GOLF TOURNAMENT WERE DISTRIBUTED TO VARIOUS CHARITABLE ORGANIZATIONS IN THE TOLEDO AREA.Desc
Total Program Service Expenses$4,505,561TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document10IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee8EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members30GoverningBodyVotingMembersCnt
Independent Voting Member29IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy0ConflictOfInterestPolicyInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonMIKE BECZYNSKIPersonNm
Phone4195313277PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13400 EXECUTIVE PARKWAY SUITE 1AAddressLine1Txt
CityTOLEDOCityNm
State AbbreviationOHStateAbbreviationCd
ZIP43606ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (30 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
KURT MANZ
DIRECTOR1.00Yes (X)$0$0$0
JUDD SILVERMAN
PRESIDENT40.00Yes (X)$301,154$0$26,920Yes (X)
MARC STOCKWELL
TREASURER1.00Yes (X)$0$0$0Yes (X)
STEVE POTURALSKI
SECRETARY1.00Yes (X)$0$0$0Yes (X)
TONY CLARK
DIRECTOR1.00Yes (X)$0$0$0
MIKE COLLINS
DIRECTOR1.00Yes (X)$0$0$0
GARY GEIGER
DIRECTOR1.00Yes (X)$0$0$0
JEFF COLE
DIRECTOR1.00Yes (X)$0$0$0
JAMIE HAPP
DIRECTOR1.00Yes (X)$0$0$0
GREG KASPER
DIRECTOR1.00Yes (X)$0$0$0
MARK KNIERIM
DIRECTOR1.00Yes (X)$0$0$0
KEVIN KORNOWA
DIRECTOR1.00Yes (X)$0$0$0
STEPHEN WEIDNER
DIRECTOR1.00Yes (X)$0$0$0
JOHN RICE
DIRECTOR1.00Yes (X)$0$0$0
DIRK VANHEYST
DIRECTOR1.00Yes (X)$0$0$0
DON RETTIG
DIRECTOR1.00Yes (X)$0$0$0
BRAD MEFFERD
DIRECTOR1.00Yes (X)$0$0$0
SCOTT SCHUELLER
DIRECTOR1.00Yes (X)$0$0$0
ALEX GERKEN
DIRECTOR1.00Yes (X)$0$0$0
ANDREW YOUNG
DIRECTOR1.00Yes (X)$0$0$0
ANDREA GWYN
DIRECTOR1.00Yes (X)$0$0$0
CHRIS DENMAN
DIRECTOR1.00Yes (X)$0$0$0
ANDREA GURCSIK
DIRECTOR1.00Yes (X)$0$0$0
MARK LOSS
DIRECTOR1.00Yes (X)$0$0$0
SYDNEY WILLIAMS
CHAIRMAN OF THE BOARD1.00Yes (X)$0$0$0Yes (X)
AARON BLY
DIRECTOR1.00Yes (X)$0$0$0
BRAD HIRSCH
DIRECTOR1.00Yes (X)$0$0$0
RON WELTY
DIRECTOR1.00Yes (X)$0$0$0
NADIA ELWARDANY
DIRECTOR1.00Yes (X)$0$0$0
ANGELA MINGO
DIRECTOR1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$301,154TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$26,920TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescGOLF TOURNAMENTDesc
Business713910BusinessCd
Total Revenue Column$4,911,323TotalRevenueColumnAmt
Related Or Exempt Func Income$4,911,323RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$4,911,323TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$14,707TotalRevenueColumnAmt
Exclusion$14,707ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,926,030TotalRevenueColumnAmt
Related Or Exempt Func Income$4,911,323RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$14,707ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$215,500TotalAmt
Program Services$215,500ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$288,391TotalAmt
Management And General$288,391ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$255,558TotalAmt
Program Services$166,113ProgramServicesAmt
Management And General$89,445ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$2,923TotalAmt
Management And General$2,923ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$20,589TotalAmt
Management And General$20,589ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$30,276TotalAmt
Program Services$9,246ProgramServicesAmt
Management And General$21,030ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$4,870TotalAmt
Management And General$4,870ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$288,382TotalAmt
Program Services$288,382ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$218,824TotalAmt
Program Services$186,000ProgramServicesAmt
Management And General$32,824ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$29,086TotalAmt
Management And General$29,086ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$50,601TotalAmt
Management And General$50,601ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$92,628TotalAmt
Program Services$92,628ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$4,471TotalAmt
Program Services$4,471ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$43,904TotalAmt
Program Services$43,904ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
CASH & NONCASH PRIZES$1,361,193$1,361,193
LPGA SANCTION FEE$654,554$654,554
FOOD & BEVERAGES$490,622$490,622
LPGA EVENT FEES$382,505$382,505

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$664,433TotalAmt
Program Services$610,443ProgramServicesAmt
Management And General$53,990ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,099,310TotalAmt
Program Services$4,505,561ProgramServicesAmt
Management And General$593,749ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$268,933BOYAmt
EOY$77,062EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$9,500BOYAmt
EOY$21,500EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$26,842LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$26,842LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$957,389BOYAmt
EOY$697,475EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$520BOYAmt
EOY$520EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,236,342BOYAmt
EOY$796,557EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$400,000BOYAmt
EOY$215,500EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$400,000BOYAmt
EOY$215,500EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$836,342BOYAmt
EOY$581,057EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$836,342BOYAmt
EOY$581,057EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,236,342BOYAmt
EOY$796,557EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$173,280ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$82,005NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$91,400CurrentTaxYearMinus2YearsAmt
Total$91,400TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,840,402CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,606,729CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,323,915CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,696,245CurrentTaxYearMinus1YearAmt
Current Tax Year$4,911,323CurrentTaxYearAmt
Total$27,378,614TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,840,402CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,606,729CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,415,315CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,696,245CurrentTaxYearMinus1YearAmt
Current Tax Year$4,911,323CurrentTaxYearAmt
Total$27,470,014TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,903,692CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,641,704CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,040,562CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,085,418CurrentTaxYearMinus1YearAmt
Current Tax Year$1,427,725CurrentTaxYearAmt
Total$11,099,101TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,903,692CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,641,704CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,040,562CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,085,418CurrentTaxYearMinus1YearAmt
Current Tax Year$1,427,725CurrentTaxYearAmt
Total$11,099,101TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$16,370,913PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$27,221CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$21,614CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$15,916CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$14,903CurrentTaxYearMinus1YearAmt
Current Tax Year$14,707CurrentTaxYearAmt
Total$94,361TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$27,221CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$21,614CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$15,916CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$14,903CurrentTaxYearMinus1YearAmt
Current Tax Year$14,707CurrentTaxYearAmt
Total$94,361TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,867,623CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,628,343CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,431,231CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,711,148CurrentTaxYearMinus1YearAmt
Current Tax Year$4,926,030CurrentTaxYearAmt
Total$27,564,375TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.59390PublicSupportCY509Pct
Public Support PY5090.57620PublicSupportPY509Pct
Investment Income CY0.00340InvestmentIncomeCYPct
Investment Income PY0.00380InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule D IRS990ScheduleD

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$26,842OtherCostOrOtherBasisAmt
Depreciation$26,842DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (10 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxt
JAMIE FARR SCHOLARSHIP FUND
300 MADISON AVE SUITE 1300TOLEDOOH43604237284004$15,500$0COLLEGE SCHOLARSHIPS
MAUMEE VALLEY HABITAT FOR HUMANITY
1310 CONANT STMAUMEEOH43537341584728$10,000$0SUPPORTS & ASSISTS MAUMEE VALLEY HABITAT FOR HUMANITY WOMEN'S BUILD
RONALD MCDONALD HOUSE CHARITIES
3883 MONROE STREETTOLEDOOH43606341349742$50,000$0CAPITAL FUNDS PROJECT
CHRIST CHILD SOCIETY
PO BOX 352254TOLEDOOH43635341650689$10,000$0PROVIDE CLOTHING FOR CHILDREN IN NEED
FAMILY HOUSE
669 INDIANA AVENUETOLEDOOH43604341556086$20,000$0PROVIDE EMERGENCY FAMILY SHELTER & SUPPORT WITH NEEDS DURING TRANSITION TO PERMANENT HOUSING
NATIONWIDE CHILDREN'S HOSPITAL - TOLEDO
700 CHILDRENS DRIVECOLUMBUSOH43205861592742$10,000$0SUPPORTS NATIONWIDE CHILDREN'S HOSPITAL - TOLEDO
RALLYCAP SPORTS
400 BEACON BLVDSEA GIRTNJ08750223681722$10,000$0HELPS PROVIDE SPORTS OPPORTUNITES FOR CHILDREN & YOUNG ADULTS WITH SPECIAL NEEDS IN NW OHIO
THE ABILITY CENTER OF GREATER TOLEDO
5605 MONROE STREETSYLVANIAOH43560344428597$10,000$0PROVIDE INDIVIDUAL SERVICE & THERAPY DOGS FOR SCHOOL FACILITIES
TOLEDO ELEMENTARY ATHLETICS MOVEMENT
6132 CLOVER LANETOLEDOOH43623830664369$15,000$0SUPPORT THE TEAM PROGRAMS THAT HELP KIDS EXERCISE, BUILD RELATIONSHIPS & LEARN SPORTS
YWCA OF NORTHWEST OHIO
1018 JEFFERSON AVENUETOLEDOOH43604344428265$35,000$0SUPPORT CHILDREN OF DOMESTIC VIOLENCE WITH DIFFERENT PROGRAMMING
FieldValueIRS element (for citing)
Total501c3 Org10Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationA COMMITTEE IS FORMED THAT IS CHAIRED BY THE TOURNAMENT'S VICE CHAIRMAN AND MADE UP OF MEMBERS OF THE BOARD OF DIRECTORS AND TOURNAMENT STAFF. EACH APPLICATION IS REVIEWED BY THE COMMITTEE TO ENSURE IT MEETS THE GUIDELINES FOR GRANTS. THE COMMITTEE THEN RANKS THEIR TOP CHOICES AND THE TOP TOTAL POINT RECIPIENTS ARE NOMINATED TO BE REVIEWED FOR POSSIBLE GRANT RECIPIENTS. EACH COMMITTEE MEMBER IS THEN ASSIGNED A CHARITY TO DO A SITE VISIT. AFTER THE SITE VISITS, THE COMMITTEE RECONVENES AND DISCUSSES THEIR VISIT UPON WHICH ANOTHER VOTE IS CONDUCTED BY THE COMMITTEE TO DETERMINE THE CHARITIES THAT WILL BE RECOMMENDED TO RECEIVE THE GRANTS FOR THE TOURNAMENT. THE CHARITY NOMINATIONS ARE THEN FORWARDED TO THE EXECUTIVE COMMITTEE FOR APPROVAL.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Travel For CompanionsYes (X)TravelForCompanionsInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonJUDD SILVERMANPersonNm
TitlePRESIDENTTitleTxt
Base Compensation Filing Org$236,154BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$65,000BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$11,601DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$15,319NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$328,074TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 7FormAndLineReferenceDesc
ExplanationEMPLOYEE SHALL RECEIVE A BONUS THAT IS BASED UPON EMPLOYEE'S SERVICE AND PERFORMANCE DURING ANY GIVEN YEAR. THE DETERMINATION OF THE BONUS AWARD SHALL BE MADE AS SOON AS PRACTICABLE AFTER THE FINAL TOURNAMENT ACCOUNTING.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE ORGANIZATION'S ACCOUNTING DEPARTMENT COMPILES INFORMATION FOR THE COMPLETION OF THE FORM 990 AND FORWARDS TO AN OUTSIDE INDEPENDENT ACCOUNTANT FOR PREPARATION AND REVIEW. THE OUTSIDE INDEPENDENT ACCOUNTANT PROVIDES A DRAFT TO THE ORGANIZATION WHICH IS REVIEWED BY THE TREASURER OF THE EXECUTIVE COMMITTEE AND THE PRESIDENT OF THE ORGANIZATION. A COPY OF THE 990, AS ULTIMATELY FILED WITH THE IRS, WILL BE PROVIDED TO EACH MEMBER OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 15ACOMPENSATION AND BONUS ARE REVIEWED BY THE TOLEDO CLASSIC EXECUTIVE COMMITTEE. THIS PROCESS IS PERFORMED ANNUALLY IN SEPTEMBER OF EACH YEAR.
FORM 990, PART VI, SECTION C, LINE 19GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS THAT ARE REQUESTED THROUGH THE TOURNAMENT OFFICE AT 3400 EXECUTIVE PARKWAY, SUITE 1A, TOLEDO, OH 43606, ARE REVIEWED BY THE PRESIDENT OF TOLEDO CLASSIC, INC. A COPY OF THE DOCUMENT REQUESTED WILL BE MAILED TO THE REQUESTING PARTY.
FORM 990, PART IX, LINE 24EENTERTAINMENT: PROGRAM SERVICE EXPENSES 296,777. MANAGEMENT AND GENERAL EXPENSES 15,620. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 312,397. RENT FACILITIES COST: PROGRAM SERVICE EXPENSES 207,705. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 207,705. PRO AM EVENT FEES: PROGRAM SERVICE EXPENSES 62,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 62,500. COURSE MISCELLANEOUS: PROGRAM SERVICE EXPENSES 34,116. MANAGEMENT AND GENERAL EXPENSES 18,370. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 52,486. OPERATIONS CONSULTANT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 20,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,000. OTHER: PROGRAM SERVICE EXPENSES 9,345. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,345.

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