Toledo Community Foundation
93% goes to programs $0 to raise $100 Strong reserves Declining revenue
Toledo Community Foundation is a 501(c)(3) organization based in Toledo, Ohio, registered in 1973, with $40,802,522 in FY2024 revenue. CharityIndex grades it A, and it directs about 93% of spending to programs.
300 Madison Ave Ste 1300, Toledo, OH, 43604 EIN 23-7284004 Since 1973
Revenue (FY2024)
$40.8M
▲ 53.5% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$27.0M
Net assets
$246.9M
Employees
23
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating93% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Toledo Community Foundation: 93% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating110 mo reserves · +34% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Toledo Community Foundation: 110 mo reserves · +34% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Toledo Community Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Toledo Community Foundation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
The primary exempt purpose of the organization is to enrich the quality of life in northwest ohio and southeast michigan by providing financial support to initiate programs that address the changing needs of our region.
Contact & location
- Address
- 300 Madison Ave Ste 1300, Toledo, OH, 43604
- City
- Toledo
- State
- Ohio
- Subcategory
- Public Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $23.3M (FY2013) to $40.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $246.9M
Operating margin
33.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$246.9M
Total liabilities
$0
Net assets
$246.9M
Salaries & benefits
$2.4M
9% of expenses
Board members
15
15 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $40,802,522▲53.5% | $27,018,966▲10.2% | $246,863,564▲5.9% | $246,863,564▲5.9% | 990 |
| 2023 | $26,579,507▼1.3% | $24,509,862▲6.6% | $233,080,008▲0.9% | $233,080,008▲0.9% | 990 |
| 2022 | $26,939,369▼66.7% | $23,002,872▼1.1% | $231,010,363▲1.7% | $231,010,363▲1.6% | 990 |
| 2021 | $80,871,022▲245% | $23,251,593▲6.6% | $227,073,866▲34.0% | $227,377,266▲33.9% | 990 |
| 2020 | $23,444,286▼31.6% | $21,814,180▼2.7% | $169,454,437▲1.0% | $169,770,837▲1.2% | 990 |
| 2019 | $34,271,645▲36.1% | $22,412,757▲17.3% | $167,824,331▲7.6% | $167,829,331▲7.6% | 990 |
| 2018 | $25,181,127▲4.6% | $19,103,591▲19.9% | $155,965,443▲4.1% | $155,971,943▲4.1% | 990 |
| 2017 | $24,070,469▲4.6% | $15,935,788▼2.4% | $149,887,907▲5.7% | $149,898,527▲5.7% | 990 |
| 2016 | $23,016,251▲6.9% | $16,332,910▼6.7% | $141,753,226▲4.9% | $141,787,976▲5.0% | 990 |
| 2015 | $21,528,288▼10.3% | $17,501,415▲26.6% | $135,069,885▲3.1% | $135,094,855▲3.1% | 990 |
| 2014 | $24,007,631▲3.0% | $13,826,075▼13.3% | $131,043,012▲8.4% | $131,052,057▲8.4% | 990 |
| 2013 | $23,308,795 | $15,951,796▲33.1% | $120,861,456▲6.5% | $120,870,098▲6.5% | 990 |
| 2012 | — | $11,985,438 | $113,504,457 | $113,513,674 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Mr Keith Burwell — $321,294 (1.19% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mr Keith Burwell | President Thru August 2024 | 50 | $321,294 |
| Mrs Kimberly Cryan | Chief Financial Officer | 45 | $214,109 |
| Abby Aldridge | Evp Operations & Special Projects | 40 | $142,045 |
| Tammy Sprow | Controller | 40 | $113,031 |
| Patrick Johnston | Vp Community Investments | 40 | $111,623 |
| Kurstyn Loeffler | Vp Philanthropic Services | 40 | $110,000 |
| Ms Kate Sommerfeld | President | 50 | $104,007 |
| Dr Bina Joe Phd | Trustee | 0.75 | — |
| Dr Gregory C Kasper Md Facs | Trustee | 0.75 | — |
| Mr Brian A Valentine | Trustee | 0.75 | — |
| Mr Eugenio Mollo Jr | Trustee | 0.75 | — |
| Mr Hussien Y Shousher | Trustee | 0.75 | — |
| Mr Jay Morgan | Vice Chairman | 0.75 | — |
| Mr Michael Fischer | Trustee Thru March 2024 | 0.75 | — |
| Mr Michael Gibbons | Chairman | 0.75 | — |
| Mr Nathan Anderson | Trustee | 0.75 | — |
| Mrs Brandi R Carson | Treasurer | 0.75 | — |
| Mrs Kaye M Aldridge Phd | Trustee Thru March 2024 | 0.75 | — |
| Mrs Meg Ressner | Trustee | 0.75 | — |
| Mr Spencer Stone | Trustee | 0.75 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Cose Health and Wellness Trust | Health Insurance | $196,579 |
Grants received · $4.0M total
42 grants to Toledo Community Foundation totaling $4.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Coastal Community Foundation of South Carolina Inc | Philanthropy | 2024 | $250,000 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $23,534 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $10,800 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $10,000 |
| Christian Community Foundation Inc | General support | 2023 | $8,500 |
| Promedica Health System Inc | Support operations | 2022 | $191,767 |
| Donor Advised Charitable Giving | Public, societal benefit | 2022 | $18,254 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2022 | $10,000 |
| The Blackbaud Giving Fund | General support | 2022 | $7,755 |
| National Philanthropic Tr | Human services | 2022 | $7,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $5,250 |
| American Endowment Foundation | General operating support | 2022 | $5,000 |
| Promedica Health System Inc | Charitable donation | 2021 | $81,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $30,700 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $30,700 |
Grants made · $17.8M in FY2024
406 grants totaling $17.8M in FY2024 — showing the 15 largest. All grants made by Toledo Community Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Moms House Inc | General operating; general operating; general support; rattle the stars campaign | $1,042,367 |
| Hospice of Northwest Ohio | 2024 hospice support: care education, memorials, sump pump, heart of hospice & general gifts. | $901,826 |
| 577 Foundation | 2024 ops support, 577 renovation, storywalk, education & sustainability initiatives. | $768,076 |
| Cornell University | The law school.; unrestricted use; veterinary hospital, cancer research for canines | $728,600 |
| Stranahan Theater Trust | General support; land payment, pos units, spotlights | $463,259 |
| Metroparks Toledo Foundation | Support for metroparks, youth, art, education, scholarships, and community spaces. | $463,027 |
| Epworth Methodist Church | Operating; capital campaign; capital projects; early learning center support; general support; the mortgage reduction fund | $371,500 |
| Craig Hospital Foundation | The hope & homecoming campaign | $325,000 |
| Hope Toledo Services | Hope toledo - operation support; nwo ece shared service alliance; the scott promise class of 2021 | $317,000 |
| Toledo Museum of Art | Support for tma outreach, youth education, acquisitions, and general operating needs. | $302,512 |
| Toledo School For the Arts | Support for toledo arts, theater, education, sculpture garden, and community outreach. | $296,603 |
| The Young Mens Christian Association of Greater Toledo | Support for youth, camps, capital needs, education, and community programs. | $274,074 |
| Manahan | Bedroom renovations feb 2024; capital improvements | $272,342 |
| Ferguson Charitable Foundation | George l. chapman endowment fund | $250,000 |
| Boys & Girls Club of Toledo | 2024 boys & girls clubs: gifts, scholarships, music, teen service, support & facilities. | $212,727 |
Similar organizations in Philanthropy
Philanthropy
Stark Community Foundation Inc
Canton, OH
$38.5M
B+annual revenue
Philanthropy
Licking County Foundation
Newark, OH
$44.6M
Bannual revenue
Philanthropy
Young Mens Christian Association of Greater Cincinnati
Cincinnati, OH
$45.8M
Bannual revenue
Philanthropy
Jewish Federation of Cincinnati
Cincinnati, OH
$33.9M
Bannual revenue
Philanthropy
Ohio Shared Information Services Inc
Cincinnati, OH
$33.1M
C+annual revenue
- Philanthropy
Tournaments For Charity
Dublin, OH
$31.9M
Cannual revenue
Philanthropy
Hamilton Community Foundation Inc
Hamilton, OH
$31.6M
Bannual revenue
Philanthropy
The Findlay-hancock County Community Foundation
Findlay, OH
$31.0M
Bannual revenue
Philanthropy
Strivetogether Inc
Cincinnati, OH
$30.3M
C+annual revenue
Philanthropy
Dayton Foundation Depository
Dayton, OH
$27.6M
Cannual revenue
Compare Toledo Community Foundation
Frequently asked questions
- Is Toledo Community Foundation a legitimate nonprofit?
- Yes. Toledo Community Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7284004, based in Toledo, Ohio. Donations are tax-deductible.
- What is Toledo Community Foundation's EIN?
- Toledo Community Foundation's Employer Identification Number (EIN) is 23-7284004.
- How much revenue does Toledo Community Foundation report?
- Toledo Community Foundation reported $40,802,522 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Toledo Community Foundation's spending goes to programs?
- Toledo Community Foundation spends about 93% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Toledo Community Foundation have?
- CharityIndex grades Toledo Community Foundation A, based on program efficiency and fundraising cost.
- How much does Toledo Community Foundation's highest-paid employee make?
- The highest reported compensation on Toledo Community Foundation's latest Form 990 is $321,294, paid to Mr Keith Burwell (President Thru August 2024).
More nonprofits in Toledo
Explore more
Data for Toledo Community Foundation (EIN 23-7284004) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.