Nonprofit · EIN 23-7284004
TOLEDO COMMUNITY FOUNDATION
Tax-exempt · TOLEDO, OH 43604
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $40,802,522 | $27,018,966 | $13,783,556 | $246,863,564 | $0 | $246,863,564 |
| December 31, 2023 | 990 | $26,579,507 | $24,509,862 | $2,069,645 | $233,080,008 | $0 | $233,080,008 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $28,641,944
- of which government grants
- $36,463
- Program service revenue
- $0
- Investment income
- $9,368,504
- Net gain from sales of assets
- $34,137
- Other revenue
- $2,792,074
Expenses
- Grants and similar amounts paid
- $20,816,186
- Compensation of officers, directors and key employees
- $910,024
- Other salaries and wages
- $1,203,021
- Salaries, compensation and benefits (total)
- $2,407,292
- Professional fundraising fees
- $0
- Legal fees
- $7,179
- Accounting fees
- $38,342
- Occupancy
- $90,296
- Travel
- $85,215
- Depreciation
- $38,833
- Program services (functional)
- $25,199,647
- Management and general (functional)
- $1,808,883
- Fundraising (functional)
- $10,436
Balance sheet and other
- Total assets, start of year
- $233,080,008
- Total assets, end of year
- $246,863,564
- Total liabilities, end of year
- $0
- Net assets, end of year
- $246,863,564
- Land, buildings and equipment
- $213,088
- Net assets without donor restrictions
- $24,348,311
- Net assets with donor restrictions
- $222,515,253
- Gross receipts
- $40,852,522
- Employees
- 23
- Volunteers
- 142
- Year formed
- 1973
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MR KEITH BURWELL | PRESIDENT THRU AUGUST 2024 Officer | 50 | $321,294 | $61,652 |
| MRS KIMBERLY CRYAN | CHIEF FINANCIAL OFFICER Officer | 45 | $214,109 | $46,611 |
| ABBY ALDRIDGE | EVP OPERATIONS & SPECIAL PROJECTS Key employee | 40 | $142,045 | $19,459 |
| PATRICK JOHNSTON | VP COMMUNITY INVESTMENTS Highest-paid employee | 40 | $111,623 | $17,542 |
| TAMMY SPROW | CONTROLLER Highest-paid employee | 40 | $113,031 | $14,468 |
| KURSTYN LOEFFLER | VP PHILANTHROPIC SERVICES Highest-paid employee | 40 | $110,000 | $12,864 |
| MS KATE SOMMERFELD | PRESIDENT Officer | 50 | $104,007 | $847 |
| MR MICHAEL GIBBONS | CHAIRMAN Trustee or director, Officer | 0.75 | $0 | $0 |
| MR JAY MORGAN | VICE CHAIRMAN Trustee or director, Officer | 0.75 | $0 | $0 |
| MRS TIFFANY E CAVANAUGH | SECRETARY Trustee or director, Officer | 0.75 | $0 | $0 |
| MRS BRANDI R CARSON | TREASURER Trustee or director, Officer | 0.75 | $0 | $0 |
| MR HUSSIEN Y SHOUSHER | TRUSTEE Trustee or director | 0.75 | $0 | $0 |
| MS PAMELA HERSHBERGER | TRUSTEE THRU MARCH 2024 Trustee or director | 0.75 | $0 | $0 |
| DR BINA JOE PHD | TRUSTEE Trustee or director | 0.75 | $0 | $0 |
| DR GREGORY C KASPER MD FACS | TRUSTEE Trustee or director | 0.75 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MRS KAYE M ALDRIDGE PHD | TRUSTEE THRU MARCH 2024 Trustee or director | 0.75 | $0 |
| MR SPENCER STONE | TRUSTEE Trustee or director | 0.75 | $0 |
| MR BRIAN A VALENTINE | TRUSTEE Trustee or director | 0.75 | $0 |
| MS KELLI WINSTON | TRUSTEE Trustee or director | 0.75 | $0 |
| MR MICHAEL FISCHER | TRUSTEE THRU MARCH 2024 Trustee or director | 0.75 | $0 |
| MS LOIS E BINGHAM ESQ | TRUSTEE Trustee or director | 0.75 | $0 |
| MRS MEG RESSNER | TRUSTEE Trustee or director | 0.75 | $0 |
| MR NATHAN ANDERSON | TRUSTEE Trustee or director | 0.75 | $0 |
| MS ELIZABETH LAVALLEY | TRUSTEE Trustee or director | 0.75 | $0 |
| MR EUGENIO MOLLO JR | TRUSTEE Trustee or director | 0.75 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MR KEITH BURWELL | PRESIDENT Officer | 50 | $283,402 | $60,259 |
| MRS KIMBERLY CRYAN | CHIEF FINANCIAL OFFICER Officer | 45 | $181,025 | $44,053 |
| ABBY ALDRIDGE | EVP OPERATIONS & SPECIAL PROJECTS Key employee | 40 | $135,376 | $18,346 |
| PATRICK JOHNSTON | VP COMMUNITY INVESTMENTS Highest-paid employee | 40 | $105,779 | $16,483 |
| MR MICHAEL GIBBONS | CHAIRMAN Trustee or director, Officer | 0.75 | $0 | $0 |
| MR JAY MORGAN | VICE CHAIRMAN Trustee or director, Officer | 0.75 | $0 | $0 |
| MRS TIFFANY E CAVANAUGH | SECRETARY Trustee or director, Officer | 0.75 | $0 | $0 |
| MR PARISS M COLEMAN II | SECRETARY THRU APRIL 2023 Trustee or director, Officer | 0.75 | $0 | $0 |
| MRS BRANDI R CARSON | TREASURER Trustee or director, Officer | 0.75 | $0 | $0 |
| MR HUSSIEN Y SHOUSHER | TRUSTEE Trustee or director | 0.75 | $0 | $0 |
| MS PAMELA HERSHBERGER | TRUSTEE Trustee or director | 0.75 | $0 | $0 |
| DR BINA JOE PHD | TRUSTEE Trustee or director | 0.75 | $0 | $0 |
| DR GREGORY C KASPER MD FACS | TRUSTEE Trustee or director | 0.75 | $0 | $0 |
| MRS KAYE M ALDRIDGE PHD | TRUSTEE Trustee or director | 0.75 | $0 | $0 |
| MR SPENCER STONE | TRUSTEE Trustee or director | 0.75 | $0 | $0 |
| MR BRIAN A VALENTINE | TRUSTEE Trustee or director | 0.75 | $0 | $0 |
| MS KELLI WINSTON | TRUSTEE Trustee or director | 0.75 | $0 | $0 |
| MR MICHAEL FISCHER | TRUSTEE Trustee or director | 0.75 | $0 | $0 |
| MS LOIS E BINGHAM ESQ | TRUSTEE Trustee or director | 0.75 | $0 | $0 |
| MRS MEG RESSNER | TRUSTEE Trustee or director | 0.75 | $0 | $0 |
| MR RICHARD L ARNOS | TRUSTEE THRU APRIL 2023 Trustee or director | 0.75 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 300 MADISON AVE STE 1300, TOLEDO, OH 43604-1583
- Principal officer (990 for 2024)
- KATE SOMMERFELD, 300 MADISON AVENUE SUITE 1300, TOLEDO, OH 43604
- Signed the 990
- MICHAEL C GIBBONS, CHAIRMAN
- Phone
- (419) 241-5049
- Return prepared by
- REHMANN ROBSON LLC
Mission
THE TOLEDO COMMUNITY FOUNDATION, INC. A PUBLIC, CHARITABLE FOUNDATION EXISTS TO IMPROVE THE QUALITY OF LIFE IN THE REGION BY: - PROVIDING A FLEXIBLE, INFORMED, EFFECTIVE MEANS FOR DONORS TO ACHIEVE THEIR CHARITABLE GOALS IN PERPETUITY - ADDRESSING THE CHANGING NEEDS OF THE REGION THROUGH EFFICIENT, PRUDENT, HIGH IMPACT GRANT MAKING - SERVING AS A SOURCE OF INFORMATION ABOUT AND AS A CATALYST IN SHAPING THE REGION'S RESPONSE TO THOSE NEEDS, AND - FACILITATING THE WORK OF OTHER GRANT MAKING ORGANIZATIONS IN ORDER TO ACHIEVE EFFECTIVE AND EFFICIENT GRANT MAKING PRACTICES
Program accomplishments
- THIS ORGANIZATION IS A PUBLIC CHARITABLE CORPORATION SERVING THE PEOPLE OF NORTHWEST OHIO AND SOUTHEAST MICHIGAN. FUNDS ARE EXPENDED FOR DESERVING CIVIC, CHARITABLE AND BENEVOLENT PURPOSES FOR THE BETTERMENT OF THE COMMUNITY AND RESIDENTS.Expenses $25,199,647 · grants $20,816,186 · revenue $2,792,074
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7284004
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1973
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T310)
- Assets (IRS master file)
- $246,863,564
- Income (IRS master file)
- $40,852,522
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $26,579,507 | $24,509,862 | $233,080,008 | IRS |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $26,939,369 | $23,002,872 | $231,010,363 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about TOLEDO COMMUNITY FOUNDATION
- What is the EIN of TOLEDO COMMUNITY FOUNDATION?
- The employer identification number (EIN) of TOLEDO COMMUNITY FOUNDATION is 23-7284004.
- Is TOLEDO COMMUNITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
- Are donations to TOLEDO COMMUNITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TOLEDO COMMUNITY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TOLEDO COMMUNITY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TOLEDO COMMUNITY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of TOLEDO COMMUNITY FOUNDATION?
- The 990 for the year ended December 31, 2024 names KATE SOMMERFELD.
- Who are the officers and directors of TOLEDO COMMUNITY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 25 people; 7 received compensation from the organization, the highest $321,294 (MR KEITH BURWELL, PRESIDENT THRU AUGUST 2024).
- How much revenue does TOLEDO COMMUNITY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $40,802,522, expenses of $27,018,966 and total assets of $246,863,564 at year end.
Other nonprofits in TOLEDO
- UNITED WAY OF GREATER TOLEDO EIN 34-4427947 · last filed 990 for 2025
- CATHOLIC COMMUNITY FOUNDATION - OHIO EIN 87-2870534 · last filed 990 for 2025
- LHS FOUNDATION EIN 34-1678593 · last filed 990 for 2024
- STRANAHAN SUPPORTING ORGANIZATION EIN 31-1572640 · last filed 990 for 2024
- OHIO COALITION ON BLACK CIVIC PARTICIPATION EIN 84-1943322 · last filed 990 for 2024
- AVENUES FOR AUTISM EIN 20-1534537 · last filed 990 for 2024
- ANDERSONS FUND SUPPORTING ORGANIZATION EIN 34-1817757 · last filed 990 for 2024
- ST JOHNS JESUIT SCHOLARSHIP GRANTING ORGANIZATION EIN 92-2707224 · last filed 990 for 2025
All nonprofits in TOLEDO · Ohio · Philanthropy, voluntarism and grantmaking foundations