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Nonprofit · EIN 87-4457570

FOUNDATION FUND

Tax-exempt · COLUMBUS, OH 43219

Financials

$3.3M$1M2023$6.7M$6.4M2024
Revenue Expenses · by fiscal year end
Financials of FOUNDATION FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$6,741,501$6,355,679$385,822$4,373,352$0$4,373,352
December 31, 2023990$3,288,266$1,015,095$2,273,171$3,987,530$0$3,987,530
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$6,712,410
Program service revenue
$0
Investment income
$29,091
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$146,388
Salaries, compensation and benefits (total)
$146,388
Professional fundraising fees
$0
Accounting fees
$1,500
Travel
$2,788
Program services (functional)
$5,485,218
Management and general (functional)
$25,652
Fundraising (functional)
$844,809

Balance sheet and other

Total assets, start of year
$3,987,530
Total assets, end of year
$4,373,352
Total liabilities, end of year
$0
Net assets, end of year
$4,373,352
Gross receipts
$6,741,501
Employees
0
Volunteers
102
Year formed
2022
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.

NameTitleHours / weekCompensation
Cardale JonesVice Chairman
Trustee or director, Officer, Key employee, Highest-paid employee
30$146,388
Brian SchottensteinChairman
Trustee or director, Officer, Key employee
30$0
Michael GogisTreasurer and Secretary
Trustee or director, Officer, Key employee
8$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
Cardale JonesVice Chairman
Trustee or director, Officer, Key employee, Highest-paid employee
30$69,565
Brian SchottensteinChairman
Trustee or director, Officer, Key employee
30$0
Michael GogisTreasurer and Secretary
Trustee or director, Officer, Key employee
4$0

Address and contacts

Address (IRS master file)
2 EASTON OVAL STE 510, COLUMBUS, OH 43219-6013
In care of
% BRIAN SCHOTTENSTEIN
Principal officer (990 for 2024)
Brian Schottenstein, 2 Easton Oval, Ste 510, Columbus, OH 43219
Signed the 990
Michael Gogis, Treasurer
Phone
(312) 371-0844
Return prepared by
Impact Quotient

Mission

THE Foundation exists to help community charities. We do this by raising their profile and awareness to help them forge even stronger community partnerships and ultimately raising revenue. Our primary activities include providing brand ambassadors at no cost to the nonprofits. We provide access to Ohio State football and basketball players as brand ambassadors, setting up events that allow the nonprofits to tell their story and reach more people. Additionally, we provide our brand ambassadors to connect with the charities' constituents, helping them increase their profile and providing value to the charities at no cost. Additionally, we seek to forge long-term partnerships with the charities and brand ambassadors. In 2024, we partnered with an LLC to handle any business deals that were not within our exempt purpose to continue to ensure all activites through THE Foundation are according to our exempt purpose.

990 for the year ended December 31, 2024

Program accomplishments

  • We provided brand ambassadors to raise awareness, increase the profile, and help raise resources for the following community nonprofit partners: LifeTown, Buckeye Cruise for Cancer, A Kid Again, After-School All-Stars, Boys and Girls Club, Big Brothers Big Sisters, USO, Nationwide Children's Hospital, and the Columbus Urban League. We had over one hundred student-athlete brand ambassadors serving multiple charity partners. Our premiere event was our Summer Gala in August. We partnered with Buckeye Cruise for Cancer to help raise awareness for the James Cancer Hospital. The brand ambassadors spent quality time, signing autographs, throwing the football, and having conversations about leadership. We also had many appearances at Lifetown where our brand ambassadors worked with the kids who would go there to learn life skills. Many of these kids come from under-resourced backgrounds and some are mentally handicapped. Our brand ambassadors volunteered in each simulated store such as a bank, art store, movie theatre, pet shop, doctor's office, and salon. They taught the kids how to budget money, talk to a doctor, and use art in therapeutic ways. The kids love having the brand ambassadors around and they visit multiple times a year. Our Co-founder Cardale Jones had a charity softball game raising money for Ohio State's The James Cancer Center. Our brand ambassadors attended the game, signed autographs, and interacted with cancer patients. It was a meaningful experience for everyone who attended. We have also had the Boys and Grisl Club and USO visit our brand ambassadors during practice. We had a football free kids football camp as well hosted by THE Foundation and our brand ambassadors played football with kids who are underprivileged. Many of our brand ambassadors visit the Nationwide Children's hospital on a frequent basis and they worked with the kids during The Memorial Golf Tournament at a golf clinic with Jack Nicklaus. We also hosted a Summer Big Brothers Big Sisters basketball shootout with our brand ambassadors. During Christmas, we had a gift-wrapping and delivery project by our brand ambassadors to kids who are terminally ill through the A Kid Again charity partner. This was a great way for our brand ambassadors to get out in the community and put a smile on many kids' faces. Our programs have already helped so many kids who, despite their struggles, look up to our brand ambassadors and we give them the opportunity to be together. Our brand ambassadors also love this experience as well. In addition to serving the nonprofit partners, we teach our brand ambassadors business and life skills including branding, marketing, accounting, contracts, taxes, and the importance of giving back to their community. Our ultimate mission is to forge life-long relationships between our brand ambassadors and our charity partners creating a lifetime of impact.
    Expenses $5,485,218 · revenue $6,712,410

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
87-4457570
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
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P12)
Assets (IRS master file)
$4,373,352
Income (IRS master file)
$6,741,501

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$6,741,501$6,355,679$4,373,352IRS
990December 2023$3,288,266$1,015,095$3,987,530XML
990December 2022$2,402,676$688,317$1,851,859IRS

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 87-4457570).

Questions about FOUNDATION FUND

What is the EIN of FOUNDATION FUND?
The employer identification number (EIN) of FOUNDATION FUND is 87-4457570.
Is FOUNDATION FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to FOUNDATION FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FOUNDATION FUND 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 FOUNDATION FUND 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 FOUNDATION FUND 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 FOUNDATION FUND?
The 990 for the year ended December 31, 2024 names Brian Schottenstein.
Who are the officers and directors of FOUNDATION FUND?
The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $146,388 (Cardale Jones, Vice Chairman).
How much revenue does FOUNDATION FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $6,741,501, expenses of $6,355,679 and total assets of $4,373,352 at year end.

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