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Toledo Community Foundation
Also known as Greater Toledo Community Foundation Inc.
Toledo Community Foundation reported $40.8 million in revenue and $27.0 million in expenses for calendar year 2024. Of every $100 it spent, $93.27 went to program services, $6.69 to management and general costs and $0.04 to fundraising. Its largest source of revenue was contributions and grants: 70.2% of the total. The highest compensation it reported for one person was $382,946 (PRESIDENT THRU AUGUST 2024). 7 people received more than $100,000 in reportable compensation. Revenue rose 19% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $27MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $41MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 93.3% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 6.7% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 70.2% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.1% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $382,946 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.42% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 7 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 109.6 | 56.6 |
| Independent voting board members Part VI 1a–1b | 15 of 15 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseThis 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
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT THRU AUGUST 2024 Officer, 50.00 hrs/week | $321,294 | $0 | $61,652 | $382,946 |
| CHIEF FINANCIAL OFFICER Officer, 45.00 hrs/week | $214,109 | $0 | $46,611 | $260,720 |
| EVP OPERATIONS & SPECIAL PROJECTS Key employee, 40.00 hrs/week | $142,045 | $0 | $19,459 | $161,504 |
| VP COMMUNITY INVESTMENTS Highest compensated employee, 40.00 hrs/week | $111,623 | $0 | $17,542 | $129,165 |
| CONTROLLER Highest compensated employee, 40.00 hrs/week | $113,031 | $0 | $14,468 | $127,499 |
| VP PHILANTHROPIC SERVICES Highest compensated employee, 40.00 hrs/week | $110,000 | $0 | $12,864 | $122,864 |
| PRESIDENT Officer, 50.00 hrs/week | $104,007 | $0 | $847 | $104,854 |
7 people received more than $100,000 in reportable compensation from Toledo Community Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $910K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b15 · 15 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 523
- Volunteers Part I, line 6142
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| COSE HEALTH AND WELLNESS TRUST Health insurance | $196,579 |
Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.
Private foundation grants it received
15 private foundations reported grants to Toledo Community Foundation totaling $792K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Toledo Community Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Toledo Community Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Toledo Community Foundation spent in 2024, $93.27 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Toledo Community Foundation's spending goes to programs?
In calendar year 2024, Toledo Community Foundation reported that 93.3% of its $27.0 million in expenses went to program services, 6.7% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Toledo Community Foundation pay its top executive?
The largest total compensation Toledo Community Foundation reported for one person in calendar year 2024 was $382,946, for the role of PRESIDENT THRU AUGUST 2024 (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Toledo Community Foundation get its money?
Of $40.8 million in revenue in calendar year 2024, 70.2% came from contributions and grants (including 0.1% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is Toledo Community Foundation a registered charity?
The IRS lists EIN 23-7284004 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513099349303006 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202403179349302025 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323149349302562 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203139349301320 · read the filing
- 2020: Form 990 for calendar year 2020, object 202103169349307625 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043109349300809 · read the filing
All filings for EIN 23-7284004: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.