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TOLEDO COMMUNITY FOUNDATION INC

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Public IRS 990 nonprofit record

TOLEDO COMMUNITY FOUNDATION INC

EIN 23-7284004 · Philanthropy, Voluntarism & Grantmaking Foundations (T310)

What they do

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 REGIONS RESPONSE to THOSE NEEDS, and - FACILITATING THE WORK of OTHER GRANT MAKING ORGANIZATIONS IN ORDER to ACHIEVE EFFECTIVE and EFFICIENT GRANT MAKING PRACTICES

Before you give

Are they doing good?

Easy charity check
Good signs so far

The public paperwork has several good signs. Now check whether the charity can show who it helped.

Here is the honest answer: A tax form shows money and paperwork. It cannot prove that people, animals, or the community were truly helped.

Good signs we looked for

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders25 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$66.22spent for every $100 of revenueRevenue covered expenses this year.
$6.70of every $100 spent went to management and office costsThis number alone does not tell us how much good they did.
$9.14in assets for every $1 spent this yearSome assets cannot be spent right away.
70.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $382,946 for MR KEITH BURWELL (PRESIDENT THRU AUGUST 2024). Compare pay with organizations of similar size and complexity.

Bottom line: Good paperwork is a good sign—not proof. The best answer comes when the charity can show what it changed, who it helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$40,802,522
Expenses$27,018,966
Annual surplus $13,783,556 Revenue was higher than expenses for this filing year.

Selected spending reported on the 990

Each amount is compared with total expenses separately. These categories can overlap, so they should not be added together as a pie chart.

Management and general$1,808,883 · 6.7% of expenses
Grants paid$122,137,946 · 452.0% of expenses
This source amount exceeds total expenses; compare the filing details carefully.
See all reported dollar amounts
Revenue$40,802,522
Expenses$27,018,966
Assets$246,863,564
Income$40,852,522
Contributions$28,641,944
Grants given$122,137,946
Average grant$41,249
Management and general$1,808,883
Accounting fees$38,342
Investing fees$121,845
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
MR KEITH BURWELLPRESIDENT THRU AUGUST 2024 · 50 hrs/week $382,946Base $321,294 · Other $61,652
MRS KIMBERLY CRYANCHIEF FINANCIAL OFFICER · 45 hrs/week $260,720Base $214,109 · Other $46,611
ABBY ALDRIDGEEVP OPERATIONS & SPECIAL PROJECTS · 40 hrs/week $161,504Base $142,045 · Other $19,459
PATRICK JOHNSTONVP COMMUNITY INVESTMENTS · 40 hrs/week $129,165Base $111,623 · Other $17,542
TAMMY SPROWCONTROLLER · 40 hrs/week $127,499Base $113,031 · Other $14,468
KURSTYN LOEFFLERVP PHILANTHROPIC SERVICES · 40 hrs/week $122,864Base $110,000 · Other $12,864
MS KATE SOMMERFELDPRESIDENT · 50 hrs/week $104,854Base $104,007 · Other $847

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (25)

MR KEITH BURWELLPRESIDENT THRU AUGUST 2024

MRS KIMBERLY CRYANCHIEF FINANCIAL OFFICER

ABBY ALDRIDGEEVP OPERATIONS & SPECIAL PROJECTS

PATRICK JOHNSTONVP COMMUNITY INVESTMENTS

TAMMY SPROWCONTROLLER

KURSTYN LOEFFLERVP PHILANTHROPIC SERVICES

MS KATE SOMMERFELDPRESIDENT

MR SPENCER STONETRUSTEE

MS PAMELA HERSHBERGERTRUSTEE THRU MARCH 2024

MS LOIS E BINGHAM ESQTRUSTEE

MS KELLI WINSTONTRUSTEE

MS ELIZABETH LAVALLEYTRUSTEE

MRS TIFFANY E CAVANAUGHSECRETARY

MRS MEG RESSNERTRUSTEE

MRS KAYE M ALDRIDGE PHDTRUSTEE THRU MARCH 2024

MRS BRANDI R CARSONTREASURER

MR NATHAN ANDERSONTRUSTEE

MR MICHAEL GIBBONSCHAIRMAN

MR MICHAEL FISCHERTRUSTEE THRU MARCH 2024

MR JAY MORGANVICE CHAIRMAN

MR HUSSIEN Y SHOUSHERTRUSTEE

MR EUGENIO MOLLO JRTRUSTEE

MR BRIAN A VALENTINETRUSTEE

DR GREGORY C KASPER MD FACSTRUSTEE

DR BINA JOE PHDTRUSTEE

About this charity

Recognized since
January 1973
Location
300 MADISON AVENUE SUITE 1300, TOLEDO, OH 43604
County
Lucas
In care of
MICHAEL C GIBBONS
Primary officer
MICHAEL C GIBBONS, CHAIRMAN

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
REHMANN ROBSON LLC
NTEE classification
Philanthropy, Voluntarism & Grantmaking Foundations (T310)
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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