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Nonprofit · EIN 34-1901855

EGBERT M FREESE FOUNDATION

Tax-exempt · GALION, OH 44833

Financials

$934K$611K2024
Revenue Expenses · by fiscal year end
Financials of EGBERT M FREESE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$933,693$611,176$322,517$9,530,614$0$9,530,614
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$933,693
Net gain from sales of assets
$685,020
Other revenue
$0

Expenses

Grants and similar amounts paid
$545,482
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$1,050
Program services (functional)
$545,482
Management and general (functional)
$65,694

Balance sheet and other

Total assets, start of year
$9,202,097
Total assets, end of year
$9,530,614
Total liabilities, end of year
$0
Net assets, end of year
$9,530,614
Publicly traded securities
$9,530,614
Gross receipts
$3,569,889
Employees
0
Year formed
1999
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.

NameTitleHours / weekCompensation
GRANT B GARVERICKPRESIDENT
Trustee or director, Officer
1$0
ERIK FLICKCO-TREASURER
Trustee or director, Officer
1$0
JENNIFER KUNSSECRETARY
Trustee or director, Officer
1$0
HEATH WATKINSVICE CHAIRMAN
Trustee or director, Officer
1$0
WILLIAM STEPROCO-TREASURER
Trustee or director, Officer
1$0

Address and contacts

Address (IRS master file)
126 S MARKET ST, GALION, OH 44833-2626
In care of
% E RICHARD HOTTENROTH
Principal officer (990 for 2024)
Grant B Garverick Trustee, 126 South Market Street, Galion, OH 44833
Signed the 990
GRANT B GARVERICK, PRESIDENT
Phone
(216) 689-7663
Return prepared by
PWC US TAX LLP

Mission

The Egbert M. Freese Foundation is organized and will be operated exclusively for charitable, education, religious, literary or scientific purposes including seven-eighths of the annual income shall be used for the upkeep and maintenance of City of Galion facilities, including by not limited to parks, that benefit the people of the city of Galion. One-eighth of the annual net income shall be held, managed and disposed of as scholarships for residents of the City of Galion who are high school graduates seeking post-secondary school education and training.

990 for the year ended December 31, 2024

Program accomplishments

  • Grants made to the City of Galion for the upkeep and maintenance of the Galion facilities.
    Expenses $474,982 · grants $474,982
  • Grants made to various colleges and universities to be used for highschool graduates of the City of Galion for post-secondary school education and training.
    Expenses $70,500 · grants $70,500

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
34-1901855
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
2000
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$9,530,614
Income (IRS master file)
$3,569,889

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$404,447$603,558$9,202,097IRS
990December 2022$222,069$596,464$9,400,829IRS
990December 2021–––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 EGBERT M FREESE FOUNDATION

What is the EIN of EGBERT M FREESE FOUNDATION?
The employer identification number (EIN) of EGBERT M FREESE FOUNDATION is 34-1901855.
Is EGBERT M FREESE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
Are donations to EGBERT M FREESE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does EGBERT M FREESE 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 EGBERT M FREESE 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 EGBERT M FREESE 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 EGBERT M FREESE FOUNDATION?
The 990 for the year ended December 31, 2024 names Grant B Garverick Trustee.
Who are the officers and directors of EGBERT M FREESE FOUNDATION?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does EGBERT M FREESE FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $933,693, expenses of $611,176 and total assets of $9,530,614 at year end.

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