TOLEDO CLASSIC INC: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
TOLEDO CLASSIC INC (EIN 34-1499072)
Tax period
2010-10-01 to 2011-09-30
Filed
2012-08-15
IRS object ID
201212289349304076
Schema version
2010v3.7
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)
Timestamp2012-08-15T18:08:47-05:00Timestamp
Tax Period End Date2011-09-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1ERNST & YOUNG US LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line11100 HUNTINGTON CTR 41 S HIGH STAddressLine1
CityCOLUMBUSCity
StateOHState
ZIP Code43215ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2010-10-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN341499072EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1Toledo Classic IncBusinessNameLine1
Business Name Line2dba Jamie Farr ClassicBusinessNameLine2
FieldValueIRS element (for citing)
Name ControlTOLENameControl
Phone4195313277Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line14405 Dorr StreetAddressLine1
CityToledoCity
StateOHState
ZIP Code436072139ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameJudd SilvermanName
TitlePresidentTitle
Date Signed2012-08-15DateSigned

Preparer Preparer

FieldValueIRS element (for citing)
Phone6142245678Phone
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonJudd SilvermanNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line14405 Dorr StAddressLine1
CityToledoCity
StateOHState
ZIP Code436072139ZIPCode
FieldValueIRS element (for citing)
Gross Receipts638076GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501c3XOrganization501c3
Web Sitewww.jamiefarrtoledoclassic.comWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1984YearFormation
State Legal DomicileOHStateLegalDomicile
Activity Or Mission DescriptionToledo Classic, Inc. conducts The Jamie Farr Owens Corning Classic. The net proceeds are distributed to Toledo area children's charities to be used for charitable purposes.ActivityOrMissionDescription
Nbr Voting Members Governing Body28NbrVotingMembersGoverningBody
Nbr Independent Voting Members27NbrIndependentVotingMembers
Total Nbr Employees9TotalNbrEmployees
Total Nbr Volunteers2000TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year0ContributionsGrantsPriorYear
Contributions Grants Current Year0ContributionsGrantsCurrentYear
Program Service Revenue Prior Year3709622ProgramServiceRevenuePriorYear
Program Service Revenue CY610243ProgramServiceRevenueCY
Investment Income Prior Year31882InvestmentIncomePriorYear
Investment Income Current Year27833InvestmentIncomeCurrentYear
Other Revenue Prior Year0OtherRevenuePriorYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year3741504TotalRevenuePriorYear
Total Revenue Current Year638076TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year145000GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY200000GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year572841SalariesEtcPriorYear
Salaries Etc Current Year608068SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year2827416OtherExpensePriorYear
Other Expenses Current Year68111OtherExpensesCurrentYear
Total Expenses Prior Year3545257TotalExpensesPriorYear
Total Expenses Current Year876179TotalExpensesCurrentYear
Revenues Less Expenses Prior Year196247RevenuesLessExpensesPriorYear
Revenues Less Expenses CY-238103RevenuesLessExpensesCY
Total Assets BOY1304294TotalAssetsBOY
Total Assets EOY1049503TotalAssetsEOY
Total Liabilities BOY151258TotalLiabilitiesBOY
Total Liabilities EOY214932TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY1153036NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY834571NetAssetsOrFundBalancesEOY
Mission DescriptionTOLEDO CLASSIC, INC CONDUCTS THE JAMIE FARR OWENS CORNING CLASSIC PRESENTED BY KROGER LADIES PROFESSIONAL GOLF ASSOCIATION GOLF TOURNAMENT. THE NET PROCEEDS OF THIS EVENT ARE DISTRIBUTED TO TOLEDO AREA CHILDREN'S CHARITIES TO BE USED FOR CHARITABLE PURPOSES.MissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
Expense313013Expense
Grants200000Grants
Revenue610243Revenue
DescriptionNET REVENUES IN EXCESS OF UNDISTRIBUTED TOURNAMENT EQUITY FROM THE 2011 JAMIE FARR TOLEDO CLASSIC LADIES PROFESSIONAL GOLF ASSOCIATION WERE DISTRIBUTED FOR THE BENEFIT OF VARIOUS CHARITABLE ORGANIZATIONS IN THE TOLEDO AREA.Description
Total Program Service Expense313013TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredfalseScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiesfalseLobbyingActivities
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentsfalseTermOrPermanentEndowments
Report Land Bldg EquipfalseReportLandBldgEquip
Report Invest Oth SecuritiesfalseReportInvestOthSecurities
Report Prog Rel InvestfalseReportProgRelInvest
Report Other AssetsfalseReportOtherAssets
Report Other LiabilitiesfalseReportOtherLiabilities
Report Fin48 FootnotefalseReportFin48Footnote
Independent Audit Financial StmtfalseIndependentAuditFinancialStmt
Consolidated Audit Financial StmtfalseConsolidatedAuditFinancialStmt
SchoolfalseSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiesfalseForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiesfalseFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationstrueGrantsToOrganizations
Grants To IndividualsfalseGrantsToIndividuals
Schedule J RequiredtrueScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MemberfalseBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshpfalseOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionsfalseDeductibleNonCashContributions
Deductible Contributions Of ArtfalseDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntityfalseDisregardedEntity
Related EntityfalseRelatedEntity
Related Org Controlled EntityfalseRelatedOrgControlledEntity
Transaction Related EntityfalseTransactionRelatedEntity
Transfers To Exempt Non Chrtbl OrgfalseTransfersToExemptNonChrtblOrg
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With10962NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup WitholdingtrueComplianceWithBackupWitholding
Number Of Employees9NumberOfEmployees
Employment Tax Returns FiledtrueEmploymentTaxReturnsFiled
Unrelated Business IncomefalseUnrelatedBusinessIncome
Foreign Financial AccountfalseForeignFinancialAccount
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionstrueNonDeductibleContributions
Non Deductible DisclosuretrueNonDeductibleDisclosure
Quid Pro Quo ContributionsfalseQuidProQuoContributions
Form8282 Property Disposed OffalseForm8282PropertyDisposedOf
Funds To Pay PremiumsfalseFundsToPayPremiums
Premiums PaidfalsePremiumsPaid
Indoor Tanning ServicesfalseIndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members28NbrVotingGoverningBodyMembers
Number Independent Voting Members27NumberIndependentVotingMembers
Family Or Business RelationshiptrueFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholdersfalseMembersOrStockholders
Election Of Board MembersfalseElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChaptersfalseLocalChapters
Form990 Provided To Governing BodyfalseForm990ProvidedToGoverningBody
Conflict Of Interest PolicyfalseConflictOfInterestPolicy
Whistleblower PolicyfalseWhistleblowerPolicy
Document Retention PolicyfalseDocumentRetentionPolicy
Compensation Process CEOtrueCompensationProcessCEO
Compensation Process OtherfalseCompensationProcessOther
Investment In Joint VenturefalseInvestmentInJointVenture
States Where Copy Of Return Is FiledOHStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonSANDY WHITENamePerson
Telephone Number4195313277TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line14405 DORR STREETAddressLine1
CityTOLEDOCity
StateOHState
ZIP Code436072139ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (28 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensation
Judd Silverman
President40.0XX226077029057
Rich Crawford
Chairman1.0XX000
Marc Stockwell
Treasurer1.0XX000
John Stockwell
Secretary1.0XX000
Brian Bucher
Director1.0X000
Bruce Butcher
Director (start 12/17/2010)1.0X000
Tony Caracciolo
Director1.0X000
Tony Clark
Director1.0X000
Mike Collins
Director1.0X000
Don Decker
Director1.0X000
Craig Findley
Director (start 12/17/2010)1.0X000
Gary Geiger
Director1.0X000
Mike Hill
Director1.0X000
Richard Hylant
Director (start 12/17/2010)1.0X000
Steve Krzyminski
Director1.0X000
Gayle Lampkowski
Director1.0X000
Tom McHugh
Director (start 12/17/2010)1.0X000
Steve Peiffer
Director1.0X000
Doug Pontsler
Director1.0X000
Brian Schnenk
Director1.0X000
Fran Sheehan
Director1.0X000
Sharon Speyer
Director1.0X000
Kevin Stevens
Director1.0X000
Lamont Thurston
Director1.0X000
Bruce Umbleby
Director1.0X000
Tom Urban
Director1.0X000
Dirk VanHeyst
Director1.0X000
Joe Zerbey
Director1.0X000
FieldValueIRS element (for citing)
Total Reportable Comp From Org226077TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation29057TotalOtherCompensation
Number Individuals GT100 K1NumberIndividualsGT100K
Formers ListedfalseFormersListed
Total Comp GT150 KtrueTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources
Number Of Contractors GT100 K0NumberOfContractorsGT100K
Total Contributions0TotalContributions

Program Service Revenue ProgramServiceRevenue

FieldValueIRS element (for citing)
DescriptionGolf TournamentDescription
Business Code711120BusinessCode
Total Revenue Column610243TotalRevenueColumn
Related Or Exempt Function Income610243RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Program Service Revenue610243TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column27833TotalRevenueColumn
Exclusion$27,833ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income From Gaming NetIncomeFromGaming

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn
FieldValueIRS element (for citing)
Total Other Revenue0TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column638076TotalRevenueColumn
Related Or Exempt Function Income610243RelatedOrExemptFunctionIncome
Exclusion$27,833ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total200000Total
Program Services200000ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total0Total

Foreign Grants ForeignGrants

FieldValueIRS element (for citing)
Total0Total

Benefits To Members BenefitsToMembers

FieldValueIRS element (for citing)
Total0Total

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total317020Total
Management And General317020ManagementAndGeneral

Comp Disqual Persons CompDisqualPersons

FieldValueIRS element (for citing)
Total0Total

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total245045Total
Program Services34129ProgramServices
Management And General210916ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total8746Total
Program Services8746ProgramServices

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total33164Total
Program Services33164ProgramServices

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total4093Total
Program Services4093ProgramServices

Fees For Services Management FeesForServicesManagement

FieldValueIRS element (for citing)
Total0Total

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total0Total

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total0Total

Fees For Services Lobbying FeesForServicesLobbying

FieldValueIRS element (for citing)
Total0Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total0Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total0Total

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total8560Total
Management And General8560ManagementAndGeneral

Advertising Advertising

FieldValueIRS element (for citing)
Total1191Total
Program Services1191ProgramServices

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total9532Total
Program Services8111ProgramServices
Management And General1421ManagementAndGeneral

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total1075Total
Management And General1075ManagementAndGeneral

Royalties Royalties

FieldValueIRS element (for citing)
Total0Total

Occupancy Occupancy

FieldValueIRS element (for citing)
Total23031Total
Management And General23031ManagementAndGeneral

Travel Travel

FieldValueIRS element (for citing)
Total7818Total
Program Services7818ProgramServices

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

FieldValueIRS element (for citing)
Total0Total

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total0Total

Interest Interest

FieldValueIRS element (for citing)
Total0Total

Payments To Affiliates PaymentsToAffiliates

FieldValueIRS element (for citing)
Total0Total

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total0Total

Insurance Insurance

FieldValueIRS element (for citing)
Total3445Total
Program Services3445ProgramServices

Other Expenses OtherExpenses (3 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneral
LPGA TITLEHOLDERS1000010000
MISCELLANEOUS EXPENSE298918461143
BAD DEBT470470

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total876179Total
Program Services313013ProgramServices
Management And General563166ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY137690BOY
EOY57323EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY900BOY
EOY900EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY21894BOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY1143642BOY
EOY991112EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY168BOY
EOY168EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY1304294BOY
EOY1049503EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY151258BOY
EOY214932EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY151258BOY
EOY214932EOY
FieldValueIRS element (for citing)
Do Not Follow SFAS117XDoNotFollowSFAS117

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

FieldValueIRS element (for citing)
BOY1153036BOY
EOY834571EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY1153036BOY
EOY834571EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY1304294BOY
EOY1049503EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses-238103ReconcilationRevenueExpenses
Reconcilation Other Changes-80362ReconcilationOtherChanges
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedfalseFSAudited
Federal Grant Audit RequiredfalseFederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2XPubliclySupportedOrg509a2

Gross Receipts From Admissions GrossReceiptsFromAdmissions

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years4266574CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years4370862CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years4162047CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year3709622CurrentTaxYearMinus1Year
Current Tax Year610243CurrentTaxYear
Total17119348Total

Total509 Total509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years4266574CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years4370862CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years4162047CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year3709622CurrentTaxYearMinus1Year
Current Tax Year610243CurrentTaxYear
Total17119348Total

Amts From Subst Contributors AmtsFromSubstContributors

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years641792CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years1255350CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1320300CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year650350CurrentTaxYearMinus1Year
Current Tax Year0CurrentTaxYear
Total3867792Total

Support From DQ Ps Etc SupportFromDQPsEtc

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years641792CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years1255350CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1320300CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year650350CurrentTaxYearMinus1Year
Current Tax Year0CurrentTaxYear
Total3867792Total
FieldValueIRS element (for citing)
Public Support Total50913251556PublicSupportTotal509

Gross Investment Income509 GrossInvestmentIncome509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years57506CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years46441CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years39055CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year31882CurrentTaxYearMinus1Year
Current Tax Year27833CurrentTaxYear
Total202717Total

Investment Income And UBTI InvestmentIncomeAndUBTI

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years57506CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years46441CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years39055CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year31882CurrentTaxYearMinus1Year
Current Tax Year27833CurrentTaxYear
Total202717Total

Total Support Total TotalSupportTotal

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years4324080CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years4417303CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years4201102CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year3741504CurrentTaxYearMinus1Year
Current Tax Year638076CurrentTaxYear
Total17322065Total
FieldValueIRS element (for citing)
Public Support Percentage5090.76501PublicSupportPercentage509
Prior Year Support Percentage0.73850PriorYearSupportPercentage
Investment Income Percentage0.01170InvestmentIncomePercentage
Prior Yr Invest Income Percentage0.01110PriorYrInvestIncomePercentage
Thirty Three Percnt Tests CY509XThirtyThreePercntTestsCY509

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records MaintainedtrueRecordsMaintained

Recipient Table RecipientTable (6 entries)

Address Line1AddressUS/AddressLine1Address Line2AddressUS/AddressLine2CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEIN Of RecipientEINOfRecipientIRC SectionIRCSectionAmount Of Cash GrantAmountOfCashGrantPurpose Of GrantPurposeOfGrant
Adopt America Network
1500 N Superior StSuite 303ToledoOH43604341396924501(C)(3)45000Critical Care Counseling for adoptive parents Scholarships for Gift Exchange and Supervised Pare Earth to Table Science curriculum for 4th graders Purchase Technology for clients with severe speech After hours prevention/intervention program After school basketball program for TPS Feshman
Childrens Rights Council
4069 W Sylvania AveToledoOH43623521399371501(C)(3)45000
Veggie U
12304 Mudbrook RdMilanOH44846043712962501(C)(3)35000
Autism Model School
3020 Tremainsville RdToledoOH43613311606800501(C)(3)30000
Toledo Area Ministries
3547 Bellevue RdToledoOH43613344430364501(C)(3)30000
Toledo Basketball Academy
P O Box 350715ToledoOH43635752552082501(C)(3)15000
FieldValueIRS element (for citing)
Total Nbr Of501 C3 And Govt Grants6TotalNbrOf501C3AndGovtGrants
Total Nbr Of Other Organizations0TotalNbrOfOtherOrganizations

Form990 Schedule I Part IV Form990ScheduleIPartIV

FieldValueIRS element (for citing)
IdentifierForm 990, Schedule IIdentifier
Return ReferenceDescription of Organization's Procedures for Monitoring Use of GrantsReturnReference
ExplanationA committee is formed that is chaired by the organizations Vice Chairman and consists of members of the Board of Directors and Tournament Staff. Each application is reviewed by the committee to ensure that it meets the guidelines for grants. The committee then ranks their top choices and the top 10 point recipients are nominated to be reviewed for possible grant acceptance. Each committee member is then assigned a charity to do a site visit. After the site visits the committee reconvenes and discusses their visit and makes their recommendation. Another vote is conducted by the committee to determine which charities will be recommended to the Executive Committee to receive the grants for the tournament. The Executive Committee then approves the committee's recommendations.Explanation

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Club Dues Or FeesXClubDuesOrFees
Written Policy Re T And E ExpensestrueWrittenPolicyReTAndEExpenses
Substantiation RequiredfalseSubstantiationRequired
Compensation CommitteeXCompensationCommittee
Severance PaymentfalseSeverancePayment
Supplemental Nonqual Retire PlanfalseSupplementalNonqualRetirePlan
Equity Based Comp ArrangementfalseEquityBasedCompArrangement
Comp Based On Revenue Of Filing OrgfalseCompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related OrgsfalseCompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing OrgfalseCompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate OrgsfalseCompBasedNetEarningsRelateOrgs
Any Non Fixed PaymentstrueAnyNonFixedPayments
Initial Contract ExceptionfalseInitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII

FieldValueIRS element (for citing)
Name PersonJudd SilvermanNamePerson
Base Compensation Filing Org146627BaseCompensationFilingOrg
Comp Based On Related Orgs0CompBasedOnRelatedOrgs
Bonus Filing Org65000BonusFilingOrg
Bonus Related Orgs0BonusRelatedOrgs
Other Compensation Filing Org14450OtherCompensationFilingOrg
Other Compensation Related Orgs0OtherCompensationRelatedOrgs
Deferred Comp Filing Org7295DeferredCompFilingOrg
Deferred Comp Related Orgs0DeferredCompRelatedOrgs
Nontaxable Benefits Filing Org21762NontaxableBenefitsFilingOrg
Nontaxable Benefits Related Orgs0NontaxableBenefitsRelatedOrgs
Total Compensation Filing Org255134TotalCompensationFilingOrg
Total Compensation Related Orgs0TotalCompensationRelatedOrgs
Comp Report Prior990 Filing Org0CompReportPrior990FilingOrg
Comp Report Prior990 Related Orgs0CompReportPrior990RelatedOrgs

Form990 Schedule J Part III Form990ScheduleJPartIII

FieldValueIRS element (for citing)
IdentifierSupplemental Compensation InformationIdentifier
ExplanationSCHEDULE J, PART I, LINE 1A EMPLOYEE RECEIVES A HEALTH CLUB MEMBERSHIP FROM A TRADE INITIATED BY EMPLOYER. SCHEDULE J, PART I, LINE 7 EMPLOYEE SHALL ALSO 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.Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
FAMILY/BUSINESS RELATIONSHIP BETWEEN DIRECTORS/OFFICERSFORM 990, PART VI, LINE 2MARC STOCKWELL AND JOHN STOCKWELL HAVE A FAMILY RELATIONSHIP.
DESCRIBE THE PROCESS USED BY MANAGEMENT &/OR GOVERNING BODY TO REVIEW 990FORM 990, PART VI, LINE 11bTHE ORGANIZATION'S ACCOUNTING DEPARTMENT COMPILES INFORMATION FOR 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.
OFFICES & POSITIONS FOR WHICH PROCESS WAS USED, & YEAR PROCESS WAS BEGUNFORM 990, PART VI, LINE 15COMPENSATION AND BONUS ARE REVIEWED BY TOLEDO CLASSIC EXECUTIVE COMMITTEE. THIS PROCESS WAS LAST PERFORMED IN SEPTEMBER 2011. THE PROCESS TAKES PLACE IN SEPTEMBER EACH YEAR.
AVAIL OF GOV DOCS, CONFLICT OF INTEREST POLICY, & FIN STMTS TO GEN PUBLICFORM 990, PART VI, QUESTION 19GOVERNMENT DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS THAT ARE REQUESTED THROUGH THE TOURNAMENT OFFICE AT 4405 DORR ST, TOLEDO, OH 43607, ARE REVIEWED BY THE PRESIDENT OF TOLEDO CLASSIC, INC. A COPY OF THE DOCUMENT REQUESTED WILL BE MAILED TO THE REQUESTING PARTY.
OTHER CHANGES IN NET ASSETS OR FUND BALANCESFORM 990, PART XI, LINE 5UNREALIZED GAIN/LOSS $ (80,362)

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