SALEM COMMUNITY FOUNDATION INC: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- SALEM COMMUNITY FOUNDATION INC (EIN 34-1001130)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-04-04
- IRS object ID
- 202330949349300713
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-04-04T09:32:42-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 205607042 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Hack Steer & Company LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 314 East Second Street | AddressLine1Txt |
| City | Salem | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 44460 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 341001130 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SALEM COMMUNITY FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SALE | BusinessNameControlTxt |
| Phone | 3303324021 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 553 | AddressLine1Txt |
| City | SALEM | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 44460 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | John E Tonti | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 3303324021 | PhoneNum |
| Signature | 2023-03-27 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | John | PersonFirstNm |
| Person Last | Tonti | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Roger E Hack CPA | PreparerPersonNm |
| PTIN | P00145903 | PTIN |
| Phone | 3303378713 | PhoneNum |
| Preparation | 2023-03-27 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | John E Tonti | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 553 | AddressLine1Txt |
| City | SALEM | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 44460 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $11,570,042 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.salemcommunityfoundation.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1966 | FormationYr |
| Legal Domicile State | OH | LegalDomicileStateCd |
| Activity Or Mission | Betterment of the local community by disbursement of grants to a variety of organizations. | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 16 | VotingMembersIndependentCnt |
| Total Employee | 2 | TotalEmployeeCnt |
| Total Volunteers | 18 | TotalVolunteersCnt |
| Total Gross UBI | $11,730 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $3,939,540 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,200,830 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,618,050 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,244,117 | CYInvestmentIncomeAmt |
| PY Other Revenue | $13,478 | PYOtherRevenueAmt |
| CY Other Revenue | $11,730 | CYOtherRevenueAmt |
| PY Total Revenue | $6,571,068 | PYTotalRevenueAmt |
| CY Total Revenue | $3,456,677 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,556,377 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $2,156,675 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $109,432 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $109,446 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $133,999 | PYOtherExpensesAmt |
| CY Other Expenses | $136,439 | CYOtherExpensesAmt |
| PY Total Expenses | $1,799,808 | PYTotalExpensesAmt |
| CY Total Expenses | $2,402,560 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $4,771,260 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,054,117 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $38,100,442 | TotalAssetsBOYAmt |
| Total Assets EOY | $39,149,977 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $6,801 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,219 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $38,093,641 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $39,147,758 | NetAssetsOrFundBalancesEOYAmt |
| Mission | To improve the quality of life in Salem and the immediate area. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $2,277,533 | ExpenseAmt |
| Grant | $2,156,675 | GrantAmt |
| Desc | In carrying out the exempt purposes, the betterment of the community was achieved through the disbursement of grants to a variety of organizations. | Desc |
| Total Program Service Expenses | $2,277,533 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | Yes (1) | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 13 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 2 | EmployeeCnt |
| Employment Tax Returns Filed | 0 | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| DAF Excess Business Holdings | 0 | DAFExcessBusinessHoldingsInd |
| Taxable Distributions | 0 | TaxableDistributionsInd |
| Distribution To Donor | 0 | DistributionToDonorInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 16 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | OH | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | John E Tonti | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3303324021 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 141 S Ellsworth Ave | AddressLine1Txt |
| City | Salem | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 44460 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| Richard K Lutsch | ||||||
| Director | 0.20 | Yes (X) | $0 | $0 | $0 | |
| Deborah B McCulloch | ||||||
| Director | 0.20 | Yes (X) | $0 | $0 | $0 | |
| Geoffrey Goll | ||||||
| Director | 0.20 | Yes (X) | $0 | $0 | $0 | |
| Larry G Cecil | ||||||
| Director | 0.20 | Yes (X) | $0 | $0 | $0 | |
| Louis A Ramunno | ||||||
| Director | 0.20 | Yes (X) | $0 | $0 | $0 | |
| Shane R Franks | ||||||
| Director | 0.20 | Yes (X) | $0 | $0 | $0 | |
| Joseph P Sedzmak | ||||||
| Director | 0.20 | Yes (X) | $0 | $0 | $0 | |
| Salvatore C Apicella | ||||||
| Director | 0.20 | Yes (X) | $0 | $0 | $0 | |
| Meta S Cramer | ||||||
| Director | 0.20 | Yes (X) | $0 | $0 | $0 | |
| Mark C Equizi | ||||||
| Director | 0.20 | Yes (X) | $0 | $0 | $0 | |
| Karl Getzinger | ||||||
| Director | 0.20 | Yes (X) | $0 | $0 | $0 | |
| Steven J Bailey | ||||||
| Director | 0.20 | Yes (X) | $0 | $0 | $0 | |
| Carolyn Caldwell | ||||||
| Director | 0.20 | Yes (X) | $0 | $0 | $0 | |
| John E Tonti | ||||||
| President | 15.00 | $0 | $0 | $0 | Yes (X) | |
| Robert S McCulloch III | ||||||
| Vice President | 0.20 | $0 | $0 | $0 | Yes (X) | |
| Gary E Moffett | ||||||
| Treasurer | 0.20 | $0 | $0 | $0 | Yes (X) | |
| George WS Hays | ||||||
| Secretary | 0.20 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $2,200,830 | AllOtherContributionsAmt |
| Total Contributions | $2,200,830 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,407,087 | TotalRevenueColumnAmt |
| Exclusion | $1,407,087 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $7,950,395 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $8,113,365 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$162,970 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$162,970 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$162,970 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Employee Retention Credit | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $11,730 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $11,730 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $11,730 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,456,677 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$162,970 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $11,730 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,407,087 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,156,675 | TotalAmt |
| Program Services | $2,156,675 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $101,520 | TotalAmt |
| Program Services | $50,760 | ProgramServicesAmt |
| Management And General | $50,760 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,926 | TotalAmt |
| Program Services | $3,963 | ProgramServicesAmt |
| Management And General | $3,963 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,150 | TotalAmt |
| Program Services | $2,575 | ProgramServicesAmt |
| Management And General | $2,575 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $95,703 | TotalAmt |
| Program Services | $47,852 | ProgramServicesAmt |
| Management And General | $47,851 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,325 | TotalAmt |
| Program Services | $13,663 | ProgramServicesAmt |
| Management And General | $13,662 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,283 | TotalAmt |
| Program Services | $1,142 | ProgramServicesAmt |
| Management And General | $1,141 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,908 | TotalAmt |
| Management And General | $3,908 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| Telephone | $1,805 | $903 | $902 |
| Ohio Attorney General f | $200 | $200 | |
| Dues | $65 | $65 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,402,560 | TotalAmt |
| Program Services | $2,277,533 | ProgramServicesAmt |
| Management And General | $125,027 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,402 | BOYAmt |
| EOY | $53,645 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,600 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $17,955 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $11,131 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,107 | BOYAmt |
| EOY | $6,824 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,028,333 | BOYAmt |
| EOY | $39,089,508 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,100,442 | BOYAmt |
| EOY | $39,149,977 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,801 | BOYAmt |
| EOY | $2,219 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,801 | BOYAmt |
| EOY | $2,219 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,322,381 | BOYAmt |
| EOY | $38,093,641 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,771,260 | BOYAmt |
| EOY | $1,054,117 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,093,641 | BOYAmt |
| EOY | $39,147,758 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,100,442 | BOYAmt |
| EOY | $39,149,977 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $1,054,117 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Community Trust | Yes (X) | CommunityTrustInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,284,621 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,603,002 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,420,654 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,939,540 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,200,140 | CurrentTaxYearAmt |
| Total | $11,447,957 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,284,621 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,603,002 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,420,654 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,939,540 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,200,140 | CurrentTaxYearAmt |
| Total | $11,447,957 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $11,447,957 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,408,586 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,054,798 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $974,333 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,139,886 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,407,087 | CurrentTaxYearAmt |
| Total | $6,984,690 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $18,432,647 | TotalSupportAmt |
| Public Support CY170 | 0.62110 | PublicSupportCY170Pct |
| Public Support PY170 | 0.62530 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Donor Advised Funds Held | 140 | DonorAdvisedFundsHeldCnt |
| Funds And Other Accounts Held | 18 | FundsAndOtherAccountsHeldCnt |
| Donor Advised Funds Contri | $717,304 | DonorAdvisedFundsContriAmt |
| Funds And Other Accounts Contri | $124,034 | FundsAndOtherAccountsContriAmt |
| Donor Advised Funds Grants | $920,917 | DonorAdvisedFundsGrantsAmt |
| Funds And Other Accounts Grants | $129,415 | FundsAndOtherAccountsGrantsAmt |
| Donor Advised Funds Vl EOY | $18,490,623 | DonorAdvisedFundsVlEOYAmt |
| Funds And Other Accounts Vl EOY | $266,651 | FundsAndOtherAccountsVlEOYAmt |
| Disclosed Org Leg Ctrl | Yes (1) | DisclosedOrgLegCtrlInd |
| Disclosed For Charitable Prps | Yes (1) | DisclosedForCharitablePrpsInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $13,764,661 | BeginningYearBalanceAmt |
| Contributions | $841,337 | ContributionsAmt |
| Investment Earnings Or Losses | -$239,318 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$734,049 | GrantsOrScholarshipsAmt |
| Administrative Expenses | -$261,230 | AdministrativeExpensesAmt |
| End Year Balance | $10,648,545 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $10,944,995 | BeginningYearBalanceAmt |
| Contributions | $2,802,475 | ContributionsAmt |
| Investment Earnings Or Losses | $378,588 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$221,569 | GrantsOrScholarshipsAmt |
| Administrative Expenses | -$139,828 | AdministrativeExpensesAmt |
| End Year Balance | $13,764,661 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $10,671,704 | BeginningYearBalanceAmt |
| Contributions | $424,313 | ContributionsAmt |
| Investment Earnings Or Losses | $218,074 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $245,617 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $123,479 | AdministrativeExpensesAmt |
| End Year Balance | $10,944,995 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $10,224,506 | BeginningYearBalanceAmt |
| Contributions | $449,020 | ContributionsAmt |
| Investment Earnings Or Losses | $301,227 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $296,588 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $6,461 | AdministrativeExpensesAmt |
| End Year Balance | $10,671,704 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $9,186,128 | BeginningYearBalanceAmt |
| Contributions | $203,123 | ContributionsAmt |
| Investment Earnings Or Losses | $997,510 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $155,407 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $6,849 | AdministrativeExpensesAmt |
| End Year Balance | $10,224,506 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $13,904 | OtherCostOrOtherBasisAmt |
| Depreciation | $10,295 | DepreciationAmt |
| Book Value | $3,609 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,051 | OtherCostOrOtherBasisAmt |
| Depreciation | $836 | DepreciationAmt |
| Book Value | $3,215 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $6,824 | TotalBookValueLandBuildingsAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part V, Line 4: | FormAndLineReferenceDesc |
| Explanation | The Organization's endowment funds are to be used for the arts and humanities, education, human services and public and community services in alignment with the organization's purpose of the betterment of the community. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| Kent State University Foundation | ||||||||
| PO Box 5190 | Kent | OH | 44242 | 346576307 | 501(c)3 | $139,490 | $0 | Scholarships and Rural Scholars Program |
| Salem Community Center Association Inc | ||||||||
| 1098 North Ellsworth Avenue | Salem | OH | 44460 | 341921103 | 501(c)3 | $622,822 | $0 | Operating Expenses and Equipment, Bond and Interst Payments, Additional Lap Lane for Score Board |
| The Brightside Project | ||||||||
| 138 South Broadway Avenue | Salem | OH | 44460 | 813794909 | 501(c)3 | $32,633 | $0 | Back to school clothing for local area needy children, Computers and networking equipment |
| United Way of Northern Columbiana County | ||||||||
| 210 E State St | Salem | OH | 44460 | 340796452 | 501(c)3 | $40,000 | $0 | Supports 20 social service agencies within Northern Columbiana County |
| Salem Community Pantry | ||||||||
| 794 E 3rd Street | Salem | OH | 44460 | 271580088 | 501(c)3 | $54,000 | $0 | Revovations to front lobby, adjoining rooms and ADA restrooms |
| Salem Preservation | ||||||||
| PO Box 1034 | Salem | OH | 44460 | 341741697 | 501(c)3 | $15,000 | $0 | McCulloch Park restoration project |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 6 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | As the grants awarded benefit the local community, the Foundation is able to work directly with the grant recipient to ensure the funds are used for the intended purpose and visually inspect the results of the use of granted funds. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (3 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|
| Gary Moffett | ||
| Treasurer | Mr. Moffett's daughter is employed by the Organization. | 0 |
| Mark Equizi | ||
| Board Member | Mr. Equizi is employed by the Salem Community Center which receives grants from the organization. | 0 |
| Robert McCulloch | ||
| Board Member | Mr McCullouch is a representative at Hunter Associates where the organization held Investments | 0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 2 | Directors Robert S. McCulloch III and Deborah B. McCulloch are husband and wife. |
| Form 990, Part VI, Section B, line 11b | Each board member receives an emailed copy of the 990 for review and comment prior to filing the return. |
| Form 990, Part VI, Section B, line 12c | Individual transactions are monitored so as not to enter into a conflict of interest transaction. |
| Form 990, Part VI, Section C, line 19 | The foundation's governing documents and financial statements are available for public review at the office of the foundation on most weekday mornings. |