Nonprofit · EIN 31-1760702
LICKING COUNTY FOUNDATION
Tax-exempt · NEWARK, OH 43058
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $44,601,344 | $7,678,147 | $36,923,197 | $163,592,336 | $15,444,141 | $148,148,195 |
| December 31, 2023 | 990 | $14,477,404 | $6,145,595 | $8,331,809 | $143,837,881 | $13,434,011 | $130,403,870 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $10,457,926
- Program service revenue
- $31,752
- Investment income
- $34,094,142
- Net gain from sales of assets
- $30,644,725
- Other revenue
- $17,524
Expenses
- Grants and similar amounts paid
- $5,891,045
- Compensation of officers, directors and key employees
- $284,709
- Other salaries and wages
- $357,066
- Salaries, compensation and benefits (total)
- $785,856
- Professional fundraising fees
- $0
- Legal fees
- $71,292
- Accounting fees
- $19,350
- Occupancy
- $72,518
- Depreciation
- $86,847
- Program services (functional)
- $6,606,111
- Management and general (functional)
- $677,189
- Fundraising (functional)
- $394,847
Balance sheet and other
- Total assets, start of year
- $143,837,881
- Total assets, end of year
- $163,592,336
- Total liabilities, end of year
- $15,444,141
- Net assets, end of year
- $148,148,195
- Land, buildings and equipment
- $11,585,105
- Publicly traded securities
- $144,757,083
- Net assets without donor restrictions
- $140,750,169
- Net assets with donor restrictions
- $7,398,026
- Gross receipts
- $44,601,344
- Employees
- 9
- Volunteers
- 135
- Year formed
- 1956
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MIKE SCHMIDT | PRESIDENT Officer | 40 | $153,300 | $8,742 |
| DEAN BUSACK | VP OF FINANCE & OPERATIONS Officer | 40 | $115,800 | $6,867 |
| MOLLY INGOLD | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| WARREN WEBER | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JOAN FRANKS | SECRETARY & TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| NOBLE SNOW | IMMEDIATE PAST CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| KIM COPLIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOUG FELLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHASE GHILONI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDREW GUANCIALE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT HAYES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEBORAH KOHMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CYNTHIA MENZER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT O'NEILL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEANETTA PYLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL WHITEHEAD | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CONSTANCE J HAWK | PRESIDENT Officer | 40 | $153,365 | $9,090 |
| DEAN BUSACK | VP OF FINANCE & OPERATIONS Officer | 40 | $102,892 | $5,892 |
| MOLLY INGOLD | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| WARREN WEBER | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JOAN FRANKS | SECRETARY & TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| NOBLE SNOW | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KIM COPLIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOUG FELLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHASE GHILONI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEBORAH KOHMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CYNTHIA MENZER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RYAN MILLS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JANINE MORTELLARO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT O'NEILL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEANETTA PYLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL WHITEHEAD | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 4212, NEWARK, OH 43058-4212
- In care of
- % DEAN BUSACK
- Principal officer (990 for 2024)
- MIKE SCHMIDT, 30 N 2ND STREET, NEWARK, OH 430584212
- Signed the 990
- DEAN BUSACK, VP OF FINANCE & OPERATIONS
- Phone
- (740) 349-3863
- Website
- WWW.THELCFOUNDATION.ORG
- Return prepared by
- MALONEY NOVOTNY LLC
Mission
THE MISSION OF LICKING COUNTY FOUNDATION IS TO IMPROVE THE QUALITY OF LIFE FOR ALL CITIZENS OF LICKING COUNTY AND TO DISTRIBUTE EARNINGS FROM PERMANENT CHARITABLE ASSETS TO BENEFIT THE ENTIRE COMMUNITY.
Program accomplishments
- LICKING COUNTY FOUNDATION IS A PUBLIC CHARITABLE ORGANIZATION MADE UP OF A DIVERSE COLLECTION OF FUNDS GIVEN BY CARING INDIVIDUALS, BUSINESSES, AND ORGANIZATIONS THAT HAVE A COMMON CONCERN FOR THE WELL-BEING OF THE PEOPLE OF LICKING COUNTY. DISTRIBUTIONS FROM THESE FUNDS MAINTAIN AND ENHANCE THE EDUCATIONAL, SOCIAL, CULTURAL, HEALTH AND CIVIC RESOURCES OF THE COMMUNITY THROUGH SUPPORT OF QUALIFIED CHARITABLE ORGANIZATIONS.Expenses $6,606,111 · grants $5,891,045 · revenue $49,276
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1760702
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $163,592,336
- Income (IRS master file)
- $44,601,344
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $44,601,344 | $7,678,147 | $163,592,336 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $14,477,404 | $6,145,595 | $143,837,881 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $12,252,968 | $7,635,351 | $127,535,526 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 31-1760702).
Questions about LICKING COUNTY FOUNDATION
- What is the EIN of LICKING COUNTY FOUNDATION?
- The employer identification number (EIN) of LICKING COUNTY FOUNDATION is 31-1760702.
- Is LICKING COUNTY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to LICKING COUNTY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LICKING COUNTY 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 LICKING COUNTY 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 LICKING COUNTY 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 LICKING COUNTY FOUNDATION?
- The 990 for the year ended December 31, 2024 names MIKE SCHMIDT.
- Who are the officers and directors of LICKING COUNTY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 16 people; 2 received compensation from the organization, the highest $153,300 (MIKE SCHMIDT, PRESIDENT).
- How much revenue does LICKING COUNTY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $44,601,344, expenses of $7,678,147 and total assets of $163,592,336 at year end.
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All nonprofits in NEWARK · Ohio · Philanthropy, voluntarism and grantmaking foundations