TOLEDO CLASSIC INC: Form 990, tax year 2009

View the entire original 990 at ProPublica ↗

Organization
TOLEDO CLASSIC INC (EIN 34-1499072)
Tax period
2009-10-01 to 2010-09-30
Filed
2011-11-01
IRS object ID
201103059349300315
Schema version
2009v1.7
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)
Timestamp2011-11-01T10:05:49-04:00Timestamp
Tax Period End Date2010-09-30TaxPeriodEndDate

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 Line141 S HIGH ST 1100 HUNTINGTON CTRAddressLine1
CityCOLUMBUSCity
StateOHState
ZIP Code43215ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2009-10-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN341499072EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1Toledo Classic IncBusinessNameLine1
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
Phone4195313277Phone
Date Signed2011-10-31DateSigned

Preparer Preparer

FieldValueIRS element (for citing)
Phone6142245678Phone
FieldValueIRS element (for citing)
Tax Year2009TaxYear
Build TS2016-03-07 17:11:31ZBuildTS

Form 990 IRS990

Doing Business As DoingBusinessAs

FieldValueIRS element (for citing)
Business Name Line1DBA Jamie Farr Toledo ClassicBusinessNameLine1
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 Receipts3741504GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501cXOrganization501c
Web Sitewww.jfocc.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 Body26NbrVotingMembersGoverningBody
Nbr Independent Voting Members25NbrIndependentVotingMembers
Total Nbr Employees8TotalNbrEmployees
Total Nbr Volunteers1200TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year0ContributionsGrantsPriorYear
Contributions Grants Current Year0ContributionsGrantsCurrentYear
Program Service Revenue Prior Year4252047ProgramServiceRevenuePriorYear
Program Service Revenue CY3709622ProgramServiceRevenueCY
Investment Income Prior Year39055InvestmentIncomePriorYear
Investment Income Current Year31882InvestmentIncomeCurrentYear
Other Revenue Prior Year0OtherRevenuePriorYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year4291102TotalRevenuePriorYear
Total Revenue Current Year3741504TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year300000GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY145000GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year476397SalariesEtcPriorYear
Salaries Etc Current Year572841SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year3508903OtherExpensePriorYear
Other Expenses Current Year2827416OtherExpensesCurrentYear
Total Expenses Prior Year4285300TotalExpensesPriorYear
Total Expenses Current Year3545257TotalExpensesCurrentYear
Revenues Less Expenses Prior Year5802RevenuesLessExpensesPriorYear
Revenues Less Expenses CY196247RevenuesLessExpensesCY
Total Assets BOY1222711TotalAssetsBOY
Total Assets EOY1304294TotalAssetsEOY
Total Liabilities BOY332447TotalLiabilitiesBOY
Total Liabilities EOY151258TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY890264NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY1153036NetAssetsOrFundBalancesEOY
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
Expense2829061Expense
Grants145000Grants
Revenue3709622Revenue
DescriptionNET REVENUES IN EXCESS OF UNDISTRIBUTED TOURNAMENT EQUITY FROM THE 2009 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 Expense2829061TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredfalseScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiesfalseLobbyingActivities
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentsfalseTermOrPermanentEndowments
Balance Sheet Amounts ReportedfalseBalanceSheetAmountsReported
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
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 Employees8NumberOfEmployees
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
Nbr Voting Governing Body Members26NbrVotingGoverningBodyMembers
Number Independent Voting Members25NumberIndependentVotingMembers
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 BodytrueForm990ProvidedToGoverningBody
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
President40.0XX258293044737
Rich Crawford
Chair/Vice Pres(AS OF 12/18/091.0XX000
Marc Stockwell
Treasurer (As Of 12/18/09)1.0XX000
John Stockwell
Secretary1.0XX000
Mike Collins
Director1.0X000
Tony Caracciolo
Director (As Of 12/18/09)1.0X000
Gary Geiger
Director1.0X000
Steve Krzyminski
Director1.0X000
Steve Mickus
Director1.0X000
Steve Peiffer
Director1.0X000
Kevin Stevens
Director1.0X000
Lamont Thurston
Director1.0X000
Tony Clark
Director1.0X000
Sharon Speyer
Director1.0X000
Dirk VanHeyst
Director1.0X000
Joe Zerby
Director1.0X000
Brian Bucher
Director1.0X000
Don Decker
Director1.0X000
Mike Hill
Director1.0X000
Gayle Lampkowski
Director1.0X000
Jim Millon
Director (Deceased 2/20/2010)1.0X000
Lars Olson
Director1.0X000
Doug Pontsler
Director1.0X000
Brian Schenk
Director1.0X000
Frank Sheehan
Director1.0X000
Bruce Umbleby
Director1.0X000
Tom Urban
Director1.0X000
MIKE THAMAN
DIRECTOR (TO 3/31/2010)1.0X000
FieldValueIRS element (for citing)
Total Reportable Comp From Org258293TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation44737TotalOtherCompensation
Number Individuals GT100 K1NumberIndividualsGT100K
Formers ListedfalseFormersListed
Total Comp GT150 KtrueTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources

Contractor Compensation ContractorCompensation

Name Of Contractor NameOfContractor

FieldValueIRS element (for citing)
Name PersonNONENamePerson
FieldValueIRS element (for citing)
Address Of ContractorAddressOfContractor
FieldValueIRS element (for citing)
Number Of Contractors GT100 K0NumberOfContractorsGT100K
Total Contributions0TotalContributions

Program Service Revenue ProgramServiceRevenue

FieldValueIRS element (for citing)
DescriptionGOLF TOURNAMENTDescription
Business Code711120BusinessCode
Total Revenue Column3709622TotalRevenueColumn
Related Or Exempt Function Income3709622RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Program Service Revenue3709622TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column31882TotalRevenueColumn
Exclusion$31,882ExclusionAmount

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 Column3741504TotalRevenueColumn
Related Or Exempt Function Income3709622RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$31,882ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total145000Total
Program Services145000ProgramServices

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)
Total303030Total
Management And General303030ManagementAndGeneral

Comp Disqual Persons CompDisqualPersons

FieldValueIRS element (for citing)
Total0Total

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total229356Total
Program Services30000ProgramServices
Management And General199356ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total8904Total
Program Services8904ProgramServices

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total6884Total
Program Services6884ProgramServices

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total24667Total
Program Services24667ProgramServices

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)
Total12792Total
Management And General12792ManagementAndGeneral

Advertising Advertising

FieldValueIRS element (for citing)
Total191951Total
Program Services191951ProgramServices

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total851191Total
Program Services724324ProgramServices
Management And General126867ManagementAndGeneral

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total24976Total
Management And General24976ManagementAndGeneral

Royalties Royalties

FieldValueIRS element (for citing)
Total0Total

Occupancy Occupancy

FieldValueIRS element (for citing)
Total20835Total
Management And General20835ManagementAndGeneral

Travel Travel

FieldValueIRS element (for citing)
Total96319Total
Program Services96319ProgramServices

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

FieldValueIRS element (for citing)
Total0Total

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total0Total

Interest Interest

FieldValueIRS element (for citing)
Total560Total
Program Services560ProgramServices

Payments To Affiliates PaymentsToAffiliates

FieldValueIRS element (for citing)
Total0Total

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total0Total

Insurance Insurance

FieldValueIRS element (for citing)
Total32505Total
Program Services32505ProgramServices

Other Expenses OtherExpenses (5 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneral
CASH PRIZES10130001013000
NONCASH PRIZES102554102554
RENT FACILITIES COST157036157036
FOOD & BEVERAGES103290103290
ENTERTAINMENT1684011599468455

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total52006Total
Program Services32121ProgramServices
Management And General19885ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total3545257Total
Program Services2829061ProgramServices
Management And General716196ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY109262BOY
EOY137690EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY43643BOY
EOY900EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY15350BOY
EOY21894EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY1054288BOY
EOY1143642EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY168BOY
EOY168EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY1222711BOY
EOY1304294EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY332447BOY
EOY151258EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY332447BOY
EOY151258EOY
FieldValueIRS element (for citing)
Do Not Follow SFAS117XDoNotFollowSFAS117

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

FieldValueIRS element (for citing)
BOY890264BOY
EOY1153036EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY890264BOY
EOY1153036EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY1222711BOY
EOY1304294EOY
FieldValueIRS element (for citing)
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedfalseFSAudited
Federal Grant Audit RequiredfalseFederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2XPubliclySupportedOrg509a2

Gifts Grants Contrib Received509 GiftsGrantsContribReceived509

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years0CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year0CurrentTaxYearMinus1Year
Current Tax Year0CurrentTaxYear
Total0Total

Gross Receipts From Admissions GrossReceiptsFromAdmissions

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years4238906CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years4266574CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years4370862CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year4162047CurrentTaxYearMinus1Year
Current Tax Year3709622CurrentTaxYear
Total20748011Total

Total509 Total509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years4238906CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years4266574CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years4370862CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year4162047CurrentTaxYearMinus1Year
Current Tax Year3709622CurrentTaxYear
Total20748011Total

Amts From Subst Contributors AmtsFromSubstContributors

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years1385176CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years641792CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1255350CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year1320300CurrentTaxYearMinus1Year
Current Tax Year650330CurrentTaxYear
Total5252948Total

Support From DQ Ps Etc SupportFromDQPsEtc

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years1385176CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years641792CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1255350CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year1320300CurrentTaxYearMinus1Year
Current Tax Year650330CurrentTaxYear
Total5252948Total
FieldValueIRS element (for citing)
Public Support Total50915495063PublicSupportTotal509

Gross Investment Income509 GrossInvestmentIncome509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years57506CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years57506CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years46441CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year39055CurrentTaxYearMinus1Year
Current Tax Year31882CurrentTaxYear
Total232390Total

Investment Income And UBTI InvestmentIncomeAndUBTI

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years57506CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years57506CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years46441CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year39055CurrentTaxYearMinus1Year
Current Tax Year31882CurrentTaxYear
Total232390Total

Total Support Total TotalSupportTotal

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years4296412CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years4324080CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years4417303CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year4201102CurrentTaxYearMinus1Year
Current Tax Year3741504CurrentTaxYear
Total20980401Total
FieldValueIRS element (for citing)
Public Support Percentage5090.73855PublicSupportPercentage509
Prior Year Support Percentage0.71270PriorYearSupportPercentage
Investment Income Percentage0.01108InvestmentIncomePercentage
Prior Yr Invest Income Percentage0.01060PriorYrInvestIncomePercentage
Thirty Three Percnt Tests CY509XThirtyThreePercntTestsCY509

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records MaintainedtrueRecordsMaintained

Recipient Table RecipientTable (5 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEIN Of RecipientEINOfRecipientIRC SectionIRCSectionAmount Of Cash GrantAmountOfCashGrantPurpose Of GrantPurposeOfGrantAddress Line2AddressUS/AddressLine2
JFOCC SCHOLARSHIP FUND OF THE TOLEDO COMM FND
608 MADISON AVETOLEDOOH436041151237284004501(C)(3)30000SCHOLARSHIP FUND
CAMP COURAGEOUS
12701 WATERVILLE-SWANTON RDWHITEHOUSEOH43571341750892501(C)(3)25000SPECIAL NEEDS CAMP
HEARTBEAT OF TOLEDO
2130 MADISON AVETOLEDOOH43604237404777501(C)(3)25000ASSIST PREGNANT TEENS/YA
MAKE-A-WISH FOUNDATION OF NW OHIO
405 MADISON AVETOLEDOOH43623341430961501(C)(3)25000FUND WISHES OF CHILDREN WITH LIFE-THREATENING CONDITIONSSUITE 210
TOLEDO SYMPHONY ORCHESTRA
P O BOX 407TOLEDOOH43697344005365501(C)(3)25000YOUNG MUSICIANS PROGRAM
FieldValueIRS element (for citing)
Total Nbr Of501 C3 And Govt Grants5TotalNbrOf501C3AndGovtGrants
Total Nbr Of Other Organizations0TotalNbrOfOtherOrganizations

Form990 Schedule I Part IV Form990ScheduleIPartIV

FieldValueIRS element (for citing)
IdentifierDescription of Organization's Procedures for Monitoring the Use of GrantsIdentifier
Return ReferenceFORM 990, SCHEDULE IReturnReference
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 THAT IT MEETS THE GUIDELINES FOR GRANTS. THE COMMITTEE THEN RANKS THEIR TOP 10 CHOICES AND THE TOP 10 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.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 Org196604BaseCompensationFilingOrg
Comp Based On Related Orgs0CompBasedOnRelatedOrgs
Bonus Filing Org47239BonusFilingOrg
Bonus Related Orgs0BonusRelatedOrgs
Other Compensation Filing Org14450OtherCompensationFilingOrg
Other Compensation Related Orgs0OtherCompensationRelatedOrgs
Deferred Comp Filing Org23611DeferredCompFilingOrg
Deferred Comp Related Orgs0DeferredCompRelatedOrgs
Nontaxable Benefits Filing Org21126NontaxableBenefitsFilingOrg
Nontaxable Benefits Related Orgs0NontaxableBenefitsRelatedOrgs
Total Compensation Filing Org303030TotalCompensationFilingOrg
Total Compensation Related Orgs0TotalCompensationRelatedOrgs
Comp Report Prior990 Filing Org0CompReportPrior990FilingOrg
Comp Report Prior990 Related Orgs0CompReportPrior990RelatedOrgs

Form990 Schedule J Part III Form990ScheduleJPartIII

FieldValueIRS element (for citing)
IdentifierSCHEDULE J, PART I, LINE 1AIdentifier
ExplanationEMPLOYEE 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 (3 entries)

IdentifierIdentifierExplanationExplanation
FORM 990, PART ICertain numbers on the prior year column for Part I were restated for consistency purposes with the current year's presentation FORM 990, PART VI, LINE 2 MARC STOCKWELL AND JOHN STOCKWELL HAVE A FAMILY RELATIONSHIP.
FORM 990, PART VI, LINE 11ATHE 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.
FORM 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. FORM 990, PART VI, LINE 19 Government 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.

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