THE OHIO FOUNDATION OF INDEPENDENT COLLEGES Charity Report

Public IRS 990 nonprofit record

THE OHIO FOUNDATION OF INDEPENDENT COLLEGES

EIN 31-4441082 · Education (B120)

What they do

to SOLICIT CONTRIBUTIONS FROM THE CORPORATE COMMUNITY and PRIVATE FOUNDATIONS ON BEHALF of 33 MEMBER-COLLEGE/UNIVERSITIES THAT SERVE NEARLY 80,000 STUDENTS. MEMBERS ARE NONPROFIT, PRIVATELY CONTROLLED, 4-YEAR COLLEGES/UNIVERSITIES CHARTERED BY THE STATE of OHIO, ARE FULLY ACCREDITED BY HIGHER LEARNING COMMISSION, and HAVE A CURRICULAR PROGRAM IN TRADITIONAL LIBERAL ARTS. CONTRIBUTIONS to OFIC ARE DISTRIBUTED to COLLEGES/UNIVERSITIES ANNUALLY and PROVIDE TUITION ASSISTANCE and OPERATIONAL SUPPORT. OFIC PROVIDES ITS DONORS WITH AN EFFICIENT MEANS to SUPPORT INDEPENDENT HIGHER EDUCATION. OFIC ALSO PROVIDES PROGRAMS to PROMOTE CORPORATE/INDEPENDENT HIGHER EDUCATION PARTNERSHIPS and PROVIDES LEADERSHIP IN DEVELOPING EFFORTS THAT RESULT IN REDUCED COSTS and IMPROVED BUSINESS PRACTICES for ITS MEMBERS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $78.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

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 leaders75 people are listed in the latest report.

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

Money made simple

72.05%of revenue went to mission work78.8% of expenses · Program services

12.36%of revenue went to fundraising13.5% of expenses

$91.42spent for every $100 of revenueRevenue covered expenses this year.

7.01%of revenue went to management and office costs7.7% of expenses

$1.77in assets for every $1 spent this yearSome assets cannot be spent right away.

68.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
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 $285,302 for BILL SPIKER (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was 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.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$5,447,305

Mission workProgram services$3,925,04472.05% of revenue78.8% of expenses

ManagementOffice and general costs$382,0207.01% of revenue7.7% of expenses

FundraisingAsking for donations$673,11912.36% of revenue13.5% of expenses

Revenue left after expensesReported annual surplus$467,1228.58% of revenueShown in gray on the chart

Total expenses$4,980,18391.42% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 78.8% mission · 7.7% management · 13.5% fundraisingTotal expenses: 91.42% of revenue

2023Expense mix: 74.2% mission · 12.2% management · 13.6% fundraisingTotal expenses: 94.02% of revenue

2022Expense mix: 77.6% mission · 10.6% management · 11.8% fundraisingTotal expenses: 94.38% of revenue

2021Expense mix: 78.0% mission · 8.9% management · 13.1% fundraisingTotal expenses: 87.79% of revenue

2020Expense mix: 74.8% mission · 10.1% management · 15.1% fundraisingTotal expenses: 106.16% of revenue

2019Expense mix: 69.6% mission · 9.0% management · 21.3% fundraisingTotal expenses: 86.01% of revenue

2018Expense mix: 72.4% mission · 7.9% management · 19.7% fundraisingTotal expenses: 105.87% of revenue

2017Expense mix: 73.8% mission · 7.6% management · 18.7% fundraisingTotal expenses: 109.80% of revenue

Money in and money out

Revenue$5,447,305

Expenses$4,980,183

Annual surplus $467,122 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,925,044 · 78.8% of expenses

Management and office costs$382,020 · 7.7% of expenses

Fundraising$673,119 · 13.5% of expenses

See all reported dollar amounts

Revenue$5,447,305

Expenses$4,980,183

Assets$8,805,895

Income$6,206,647

Contributions$3,727,986

Mission work (program services)$3,925,044

Fundraising$673,119

Grants given$23,886,380

Average grant$34,922

Management and general$382,020

Stocks and bonds$7,341,957

Accounting fees$105,268

Investing fees$65,400

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

BILL SPIKERPRESIDENT · 40 hrs/week $285,302Base $236,228 · Other $49,074

BRETT FIELDSVP OF OPERATIONS · 40 hrs/week $136,336Base $117,062 · Other $19,274

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 (75)

BILL SPIKERPRESIDENT

BRETT FIELDSVP OF OPERATIONS

MICHAEL FRANDSENTRUSTEE

ROBERT HUNTINGTONTRUSTEE

ROBERT BOHNERTRUSTEE

RICHANNE MANKEYTRUSTEE

RANDOLPH SNOWTRUSTEE

RANDALL MARKERPAST CHAIR

RALPH SMITHERSTRUSTEE

PAM LEBOLDTRUSTEE

MICHAEL MUSETRUSTEE

MICHAEL KORALEWSKITRUSTEE

MICHAEL GILLIGANTRUSTEE

ROBERT MERZWEILERTRUSTEE

MELISSA BAUMANNTRUSTEE

MATTHEW VANDENBERGTRUSTEE

MATTHEW DANISTRUSTEE

MARGARET DRUGOVICHTRUSTEE

LISA STAVSKYTRUSTEE

LISA SHAPIROTRUSTEE

LILLIAN SCHUMACHERTRUSTEE

THOMAS SCHUCKTRUSTEE

YVETTE HUNSICKERTRUSTEE

WILLIAM BISSETTRUSTEE

WARD TIMKENTRUSTEE

TROY SINGERTRUSTEE

TRACY SABOTRUSTEE

TIMOTHY NOVOTNYTRUSTEE

TIMOTHY COLLINSSECRETARY

THOMAS WHITETRUSTEE

ROBERT MALONETRUSTEE

THOMAS BECHTELTRUSTEE

T STEPHEN GREGORYTRUSTEE

SUZANNE MIKLOSTRUSTEE

SUSAN HASSELERVICE CHAIR (COLLEGIATE)

STEPHEN HIRZELTRUSTEE

SHONNA RIEDLINGERTRUSTEE

RONALD MCMASTERTRUSTEE

KATHERINE ROWE FELLTRUSTEE

CATHERINE BELDENTRUSTEE

DAVID KINGTRUSTEE

DAVID KAUFMANTRUSTEE

DAVID DECKERTRUSTEE

DAVID BELEWTRUSTEE

COREY COCKERILLTRUSTEE

CHRISTOPHER GOFFTRUSTEE

CHRISTINE WALKERTRUSTEE

CHARLES TYBURSKITRUSTEE

EDDIE TAYLORTRUSTEE

CARSON CASTLEMANTRUSTEE

CARMEN TWILLIE AMBARTRUSTEE

BRIAN REEDTRUSTEE

BEAR MONITATRUSTEE

BARBARA BRITENRIKERCHAIR

ANNE MCCALLTRUSTEE

ALAN MICIAKTRUSTEE

ADAM WEINBERGTRUSTEE

JAMES GASIORTRUSTEE

AARON WILLIAMSTRUSTEE

JULIE KORNFIELDTRUSTEE

JON PARRISH PEEDETRUSTEE

JOHN COMERFORDTRUSTEE

JIM MALZTRUSTEE

JIM CARULASVICE CHAIR (CORPORATE)

JENNIFER SCHULLERTRUSTEE

JANE WOODTRUSTEE

KEVIN KALETRUSTEE

JAMES FAHEYTREASURER

JAMES CARULASTRUSTEE

HARIS PRATSINAKISTRUSTEE

GREGORY MILLERTRUSTEE

GREG KINGTRUSTEE

FREDERICK HADLEYTRUSTEE

FATHER DAVID PIVONKATRUSTEE

EVAN ANDREWSTRUSTEE

About this charity

Recognized since: January 1952
Location: 60 COLLEGEVIEW RD 107, WESTERVILLE, OH 43081-1429
County: Franklin
In care of: WILLIAM SPIKER
Primary officer: WILLIAM SPIKER, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(614) 469-1950

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CLARK SCHAEFER HACKETT & CO
NTEE classification: Education (B120)
Grant-giving organization: Yes