-
TIN:
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0052
20
19
Open to Public Inspection
For calendar year 2019, or tax year beginning
01-01-2019
, and ending
12-31-2019
Name of foundation
HOOVER FOUNDATION INCOME ACCOUNT
Number and street (or P.O. box number if mail is not delivered to street address)
PO BOX 1558 DEPT EA5W86
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
COLUMBUS
,
OH
43216
A Employer identification number
34-6510994
B
Telephone number (see instructions)
(614) 331-9046
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
58,354,195
J
Accounting method:
Cash
Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)
Part I
Analysis of Revenue and Expenses
(The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)
(a)
Revenue and
expenses per
books
(b)
Net investment
income
(c)
Adjusted net
income
(d)
Disbursements
for charitable
purposes
(cash basis only)
1
Contributions, gifts, grants, etc., received (attach schedule)
2
Check
.............
3
Interest on savings and temporary cash investments
4
Dividends and interest from securities
...
1,155,283
1,143,880
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
2,231,511
b
Gross sales price for all assets on line 6a
7,475,421
7
Capital gain net income (from Part IV, line 2)
...
2,231,511
8
Net short-term capital gain
.........
0
9
Income modifications
...........
10a
Gross sales less returns and allowances
b
Less: Cost of goods sold
....
c
Gross profit or (loss) (attach schedule)
.....
11
Other income (attach schedule)
.......
108,890
108,890
12
Total.
Add lines 1 through 11
........
3,495,684
3,484,281
13
Compensation of officers, directors, trustees, etc.
162,267
81,133
81,133
14
Other employee salaries and wages
......
0
0
0
15
Pension plans, employee benefits
.......
0
0
16a
Legal fees (attach schedule)
.........
0
b
Accounting fees (attach schedule)
.......
1,200
600
0
600
c
Other professional fees (attach schedule)
....
84,824
84,824
0
17
Interest
...............
0
18
Taxes (attach schedule) (see instructions)
...
59,979
8,619
0
19
Depreciation (attach schedule) and depletion
...
0
0
20
Occupancy
..............
4,080
4,080
21
Travel, conferences, and meetings
.......
0
0
22
Printing and publications
..........
0
0
23
Other expenses (attach schedule)
.......
3,001
1,501
1,501
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
315,351
176,677
0
87,314
25
Contributions, gifts, grants paid
.......
2,907,850
2,907,850
26
Total expenses and disbursements.
Add lines 24 and 25
3,223,201
176,677
0
2,995,164
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
272,483
b
Net investment income
(if negative, enter -0-)
3,307,604
c
Adjusted net income
(if negative, enter -0-)
...
0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2019)
Form 990-PF (2019)
Page
2
Part II
Balance Sheets
Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year
End of year
(a)
Book Value
(b)
Book Value
(c)
Fair Market Value
1
Cash—non-interest-bearing
.............
2
Savings and temporary cash investments
.........
788,149
2,203,527
2,203,527
3
Accounts receivable
Less: allowance for doubtful accounts
0
0
4
Pledges receivable
Less: allowance for doubtful accounts
5
Grants receivable
.................
6
Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)
.....
7
Other notes and loans receivable (attach schedule)
Less: allowance for doubtful accounts
0
8
Inventories for sale or use
..............
9
Prepaid expenses and deferred charges
..........
10a
Investments—U.S. and state government obligations (attach schedule)
2,200,120
2,804,235
2,846,427
b
Investments—corporate stock (attach schedule)
.......
18,729,546
18,736,822
38,898,688
c
Investments—corporate bonds (attach schedule)
.......
15,203,144
13,965,794
14,152,553
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
500,000
500,000
253,000
14
Land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
15
Other assets (describe
)
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
37,420,959
38,210,378
58,354,195
17
Accounts payable and accrued expenses
..........
18
Grants payable
.................
19
Deferred revenue
.................
20
Loans from officers, directors, trustees, and other disqualified persons
21
Mortgages and other notes payable (attach schedule)
......
22
Other liabilities (describe
)
23
Total liabilities
(add lines 17 through 22)
.........
0
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
25
Net assets with donor restrictions
............
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
37,420,959
38,210,378
27
Paid-in or capital surplus, or land, bldg., and equipment fund
28
Retained earnings, accumulated income, endowment, or other funds
29
Total net assets or fund balances
(see instructions)
.....
37,420,959
38,210,378
30
Total liabilities and net assets/fund balances
(see instructions)
.
37,420,959
38,210,378
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return)
...............
1
37,420,959
2
Enter amount from Part I, line 27a
.....................
2
272,483
3
Other increases not included in line 2 (itemize)
3
878,890
4
Add lines 1, 2, and 3
..........................
4
38,572,332
5
Decreases not included in line 2 (itemize)
5
361,954
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
38,210,378
Form
990-PF
(2019)
Form 990-PF (2019)
Page
3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a)
List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1 a
100000. AT&T INC 3% 02/15/2022
2015-04-14
2019-01-02
b
1000. ABBOTT LABORATORIES
2007-09-04
2019-04-25
c
2500. ABBVIE INC
2007-09-04
2019-02-28
d
200. AMERICAN WATER WORKS CO INC
2014-01-15
2019-01-02
e
150000. ANHEUSER-BUSCH INBEV WOR 2.5% 07/15/2022
2015-11-23
2019-02-11
500. ANTHEM INC
2018-05-31
2019-09-27
400. APPLE COMPUTER
2008-02-01
2019-03-05
300. APPLE COMPUTER
2008-02-01
2019-12-31
100000. BB&T CORPORATION SERIES MTN 2.45% 01/15/
2016-02-05
2019-12-16
150000. BANK OF NEW YORK MELLON 2.2% 05/15/2019-
2014-05-09
2019-05-15
500. BECTON DICKINSON AND CO.
2007-09-04
2019-07-23
500. BERKSHIRE HATHAWAY CL-B
2017-03-29
2019-04-25
250. BERKSHIRE HATHAWAY CL-B
2015-03-16
2019-09-27
100. BLACKROCK INC
2015-01-29
2019-03-14
250. BLACKROCK INC
2019-04-25
2019-10-02
200. BOEING CO
1987-08-31
2019-04-11
200. BOEING CO
1987-08-31
2019-10-15
500. CVS CORP
2012-10-26
2019-02-28
150000. CATERPILLAR FINL SVCS CORP SERIES MTN 2.
2018-04-25
2019-12-01
100000. CISCO SYSTEMS 2.125% 03/01/2019
2014-02-26
2019-03-01
150000. CITIBANK NA 1.85% 09/18/2019-2019
2018-04-19
2019-09-18
1000. COCA-COLA CO
2011-05-25
2019-03-14
1000. COGNIZANT TECH SOLUTIONS CRP
2015-03-25
2019-03-14
1000. COGNIZANT TECH SOLUTIONS CRP
2016-02-10
2019-04-25
100. CONSTELLATION BRANDS INC CL A
2017-11-14
2019-01-09
.333 CORTEVA INC
2012-10-26
2019-06-25
.333 CORTEVA INC
2016-03-22
2019-06-25
333. CORTEVA INC
2012-10-26
2019-07-23
332. CORTEVA INC
2016-03-22
2019-10-15
1. CORTEVA INC
2016-03-22
2019-10-16
14094.173 DFA EMERGING MARKETS CORE
2015-04-08
2019-04-25
1000. DEERE & COMPANY
1992-12-30
2019-03-05
250. DEERE & COMPANY
2011-01-03
2019-04-25
200. DISNEY (WALT) CO
2008-05-22
2019-10-15
.333 DOW INC
2012-10-26
2019-04-19
.333 DOW INC
2016-03-22
2019-04-19
333. DOW INC
2012-10-26
2019-04-25
332. DOW INC
2016-03-22
2019-10-15
1. DOW INC
2016-03-22
2019-10-16
.333 DUPONT DE NEMOURS INC
2012-10-26
2019-06-25
.333 DUPONT DE NEMOURS INC
2016-03-22
2019-06-25
333. DUPONT DE NEMOURS INC
2012-10-26
2019-07-23
332. DUPONT DE NEMOURS INC
2016-03-22
2019-10-15
1. DUPONT DE NEMOURS INC
2016-03-22
2019-10-16
250. EOG RESOURCES INC
2019-02-28
2019-08-15
1000. EOG RESOURCES INC
2017-11-16
2019-08-15
100000. EXXON MOBIL CORP 1.819% 03/15/2019-2019
2015-04-09
2019-03-15
100000. FNMA 1.2% 04/17/2019-2019
2012-09-26
2019-04-17
250. FEDEX CORP COM
2001-09-17
2019-06-25
500. FEDEX CORP COM
2001-09-17
2019-07-23
1000. FEDEX CORP COM
2001-09-17
2019-09-27
100000. GOLDMAN SACHS GROUP INC V/R 3.27938% 10
2015-12-04
2019-10-23
100000. GOLDMAN SACHS GROUP INC 2.55% 10/23/2019
2014-11-05
2019-10-23
150000. HCP INC 2.625% 02/01/2020-2019
2014-09-17
2019-07-22
500. HOME DEPOT INC.
2004-01-21
2019-10-15
1000. INTEL CORP.
1991-10-07
2019-12-31
1300. ISHARES MSCI EAFE INDEX FUND
2012-03-16
2019-03-05
200. ISHARES TR NASDAQ BIOTECHNOLOGY INDEX FD
2007-04-16
2019-03-05
200000. JOHNSON & JOHNSON 1.875% 12/05/2019
2014-12-10
2019-12-05
142. KONTOOR BRANDS INC
2009-06-17
2019-06-25
.857 KONTOOR BRANDS INC
2009-06-17
2019-06-26
100000. ELI LILLY & CO 1.95% 03/15/2019
2015-04-09
2019-03-15
250000. MANUF & TRADERS TRUST CO SERIES BKNT 2.2
2014-07-25
2019-07-25
200. MCDONALDS CORP
2002-12-06
2019-10-15
500. MICROSOFT CORP
2000-07-07
2019-12-31
150000. MOTOROLA SOLUTIONS INC 3.5% 09/01/2021
2014-08-14
2019-08-28
375. NETFLIX INC
2018-11-05
2019-09-24
200. NORTHROP GRUMMAN CORP W/1 RT/SH
2004-01-21
2019-10-15
1000. NUCOR CORP
2012-10-26
2019-09-27
3000. ORACLE CORP
2004-06-24
2019-03-05
100000. ORACLE CORPORATION 2.375% 01/15/2019
2014-03-04
2019-01-15
300. PEPSICO INC
2003-05-23
2019-01-02
9140.768 T. ROWE PRICE MID CAP VALUE FUND
2003-03-20
2019-04-25
100. SHERWIN WILLIAMS CO
1986-04-10
2019-03-05
100. SHERWIN WILLIAMS CO
1986-04-10
2019-10-15
250. STRYKER CORP
2018-03-23
2019-04-25
1000. TEXAS INSTRUMENTS INC.
2011-02-23
2019-03-14
500. 3M CO COM
2001-11-02
2019-06-25
500. 3M CO COM
2001-11-02
2019-07-10
1000. 3M CO COM
1986-05-30
2019-10-15
300. UNION PACIFIC CORP
2003-02-06
2019-03-05
150000. US TREASURY N/B .875% 07/31/2019
2016-02-23
2019-07-31
150000. US TREASURY N/B 1% 08/31/2019
2018-09-10
2019-08-31
500. VERIZON COMMUNICATIONS
2002-11-07
2019-04-25
60000. VERIZON COMMUNICATIONS 3.5% 11/01/2021
2015-11-23
2019-03-29
140000. VERIZON COMMUNICATIONS 3.5% 11/01/2021
2015-11-23
2019-05-06
150000. WELLS FARGO & COMPANY 2.125% 04/22/2019
2016-04-19
2019-04-22
250000. XILINX 2.125% 03/15/2019
2015-01-12
2019-03-15
1000. EATON CORP PLC
2012-12-01
2019-12-31
250. CHUBB LIMITED
2016-01-15
2019-04-25
. SECURITIES LITIGATION PROCEEDS
2019-02-08
. SECURITIES LITIGATION PROCEEDS
2019-09-04
CAPITAL GAIN DIVIDENDS
P
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a
98,179
101,463
-3,284
b
77,258
24,822
52,436
c
197,214
65,735
131,479
d
17,706
8,279
9,427
e
140,829
144,464
-3,635
119,034
112,355
6,679
70,327
7,647
62,680
87,686
5,735
81,951
100,000
101,409
-1,409
150,000
150,489
-489
127,630
38,550
89,080
105,298
83,395
21,903
51,990
36,535
15,455
43,217
34,479
8,738
104,710
119,230
-14,520
73,516
2,348
71,168
74,209
2,348
71,861
28,975
23,004
5,971
150,000
149,100
900
100,000
100,610
-610
150,000
148,326
1,674
45,769
33,474
12,295
71,059
62,647
8,412
72,696
57,440
15,256
15,394
21,884
-6,490
9
6
3
9
9
9,294
6,012
3,282
8,878
9,191
-313
27
28
-1
297,669
300,000
-2,331
165,338
7,270
158,068
40,478
21,195
19,283
26,001
6,718
19,283
19
11
8
19
17
2
18,411
10,860
7,551
15,687
16,601
-914
47
50
-3
25
17
8
25
25
24,382
16,573
7,809
21,784
25,336
-3,552
67
76
-9
18,820
23,318
-4,498
75,279
107,253
-31,974
100,000
101,421
-1,421
100,000
100,000
39,129
9,165
29,964
86,824
18,330
68,494
145,317
36,660
108,657
100,000
100,796
-796
100,000
99,432
568
150,215
149,018
1,197
117,945
17,600
100,345
59,565
1,250
58,315
83,615
84,245
-630
22,814
5,385
17,429
200,000
200,008
-8
3,695
877
2,818
23
5
18
100,000
101,568
-1,568
250,000
249,520
480
41,463
3,610
37,853
78,584
20,688
57,896
155,061
149,591
5,470
96,582
121,324
-24,742
72,787
9,040
63,747
50,139
40,300
9,839
155,998
34,230
121,768
100,000
102,220
-2,220
32,613
13,101
19,512
250,000
136,326
113,674
43,723
675
43,048
55,832
675
55,157
46,605
40,000
6,605
106,023
34,873
71,150
86,049
28,675
57,374
83,160
28,675
54,485
163,140
12,740
150,400
50,300
4,237
46,063
150,000
149,402
598
150,000
147,809
2,191
28,249
17,215
11,034
61,308
61,716
-408
143,133
144,004
-871
150,000
152,840
-2,840
250,000
251,270
-1,270
94,411
48,815
45,596
35,276
28,245
7,031
99
99
85
85
90,695
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-)
or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a
-3,284
b
52,436
c
131,479
d
9,427
e
-3,635
6,679
62,680
81,951
-1,409
-489
89,080
21,903
15,455
8,738
-14,520
71,168
71,861
5,971
900
-610
1,674
12,295
8,412
15,256
-6,490
3
3,282
-313
-1
-2,331
158,068
19,283
19,283
8
2
7,551
-914
-3
8
7,809
-3,552
-9
-4,498
-31,974
-1,421
29,964
68,494
108,657
-796
568
1,197
100,345
58,315
-630
17,429
-8
2,818
18
-1,568
480
37,853
57,896
5,470
-24,742
63,747
9,839
121,768
-2,220
19,512
113,674
43,048
55,157
6,605
71,150
57,374
54,485
150,400
46,063
598
2,191
11,034
-408
-871
-2,840
-1,270
45,596
7,031
99
85
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
2,231,511
3
Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8
...................
3
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
Yes
No
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1
Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in)
(b)
Adjusted qualifying distributions
(c)
Net value of noncharitable-use assets
(d)
Distribution ratio
(col. (b) divided by col. (c))
2018
2,863,496
53,536,551
0.053487
2017
2,824,828
53,021,188
0.053277
2016
2,635,479
50,319,565
0.052375
2015
2,671,379
51,097,755
0.05228
2014
2,768,134
52,691,658
0.052535
2
Total
of line 1, column (d)
.....................
2
0.263954
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years
......
3
0.052791
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5
......
4
54,280,511
5
Multiply line 4 by line 3
......................
5
2,865,522
6
Enter 1% of net investment income (1% of Part I, line 27b)
...........
6
33,076
7
Add lines 5 and 6
........................
7
2,898,598
8
Enter qualifying distributions from Part XII, line 4
,.............
8
2,995,164
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form
990-PF
(2019)
Form 990-PF (2019)
Page
4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a
Exempt operating foundations described in section 4940(d)(2), check here
and enter “N/A" on line 1.
Date of ruling or determination letter:
(attach copy of letter if necessary–see instructions)
b
Domestic foundations that meet the section 4940(e) requirements in Part V, check
1
33,076
here
and enter 1% of Part I, line 27b
...................
c
All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2
Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
2
0
3
Add lines 1 and 2
...........................
3
33,076
4
Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
4
0
5
Tax based on investment income.
Subtract line 4 from line 3. If zero or less, enter -0-
.....
5
33,076
6
Credits/Payments:
a
2019 estimated tax payments and 2018 overpayment credited to 2019
6a
52,880
b
Exempt foreign organizations—tax withheld at source
......
6b
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
0
d
Backup withholding erroneously withheld
...........
6d
7
Total credits and payments. Add lines 6a through 6d
..............
7
52,880
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
0
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
19,804
11
Enter the amount of line 10 to be:
Credited to 2020 estimated tax
19,804
Refunded
11
0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign?
....................
1a
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition)
.................................
1b
No
If the answer is "Yes" to
1a
or
1b,
attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file
Form 1120-POL
for this year?
.....................
1c
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1)
On the foundation.
$
(2)
On foundation managers.
$
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?
.......
2
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments?
If "Yes," attach a conformed copy of the changes
....
3
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?
........
4a
No
b
If "Yes," has it filed a tax return on
Form 990-T
for this year?
...................
4b
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?
.........
5
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
By language in the governing instrument, or
By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument?
................
6
Yes
7
Did the foundation have at least $5,000 in assets at any time during the year?
If "Yes," complete Part II, col. (c),
and Part XV.
.................................
7
Yes
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
OH
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G?
If "No," attach explanation
.
8b
No
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2019 or the taxable year beginning in 2019? See the instructions for Part XIV.
If "Yes," complete Part XIV
.............................
9
No
10
Did any persons become substantial contributors during the tax year?
If "Yes," attach a schedule listing their names
and addresses.
...............................
10
No
Form
990-PF
(2019)
Form 990-PF (2019)
Page
5
Part VII-A
Statements Regarding Activities
(continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions
.............
11
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions
.................
12
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
Website address
14
The books are in care of
HUNTINGTON NATIONAL BANK
Telephone no.
(614) 331-9046
Located at
PO BOX 1558 DEPT EA5W86
COLUMBUS
OH
ZIP+4
43216
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over
Yes
No
a bank, securities, or other financial account in a foreign country?
.................
16
No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Part VII-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1)
Engage in the sale or exchange, or leasing of property with a disqualified person?
Yes
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
......................
Yes
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
Yes
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
Yes
No
(5)
Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)?
...............
Yes
No
(6)
Agree to pay money or property to a government official? (
Exception.
Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.)
.......
Yes
No
b
If any answer is "Yes" to 1a(1)–(6), did
any
of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions
........
1b
No
Organizations relying on a current notice regarding disaster assistance check here
........
c
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2019?
.............
1c
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2019, did the foundation have any undistributed income (lines 6d
and 6e, Part XIII) for tax year(s) beginning before 2019?
.............
Yes
No
If "Yes," list the years
20
,
20
,
20
,
20
b
Are there any years listed in 2a for which the foundation is
not
applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to
all
years listed, answer "No" and attach statement—see instructions.)
..............
2b
c
If the provisions of section 4942(a)(2) are being applied to
any
of the years listed in 2a, list the years here.
20
,
20
,
20
,
20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year?
......................
Yes
No
b
If "Yes," did it have excess business holdings in 2019 as a result of
(1)
any purchase by the foundation
or disqualified persons after May 26, 1969;
(2)
the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or
(3)
the lapse of the 10-, 15-, or 20-year first phase holding period?
(Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2019.)
..................
3b
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2019?
4b
No
Form
990-PF
(2019)
Form 990-PF (2019)
Page
6
Part VII-B
Statements Regarding Activities for Which Form 4720 May Be Required
(continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1)
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
Yes
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
.............
Yes
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
Yes
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
................
Yes
No
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.....
Yes
No
b
If any answer is "Yes" to 5a(1)–(5), did
any
of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions
......
5b
Organizations relying on a current notice regarding disaster assistance check here
.........
c
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant?
..........
Yes
No
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract?
.....................
Yes
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?
....
6b
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
Yes
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction?
....
7b
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year?
.................
Yes
No
Part VIII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1
List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a)
Name and address
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(If not paid, enter
-0-)
(d)
Contributions to employee benefit plans and deferred compensation
(e)
Expense account,
other allowances
HUNTINGTON NATIONAL BANK
TRUSTEE
4
162,267
PO Box 1558 Dept EA5W86
Columbus
,
OH
43216
LAWRENCE R HOOVER
CHAIRPERSON
4
0
400 MARKET AVE N STE 210
CANTON
,
OH
44702
TIMOTHY D SCHILTZ
COMMITTEE MEMBER
1
0
400 MARKET AVE N STE 210
CANTON
,
OH
44702
CHARLES H HOOVER
COMMITTEE MEMBER
1
0
400 MARKET AVE N STE 210
CANTON
,
OH
44702
TIMOTHY R HOOVER
COMMITTEE MEMBER
1
0
400 MARKET AVE N STE 210
CANTON
,
OH
44702
TERRY A MOORE
COMMITTEE MEMBER
1
0
400 MARKET AVE N STE 210
CANTON
,
OH
44702
2
Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a)
Name and address of each employee paid more than $50,000
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(d)
Contributions to
employee benefit
plans and deferred
compensation
(e)
Expense account,
other allowances
NONE
Total
number of other employees paid over $50,000
...................
0
Form
990-PF
(2019)
Form 990-PF (2019)
Page
7
Part VIII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
(continued)
3
Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a)
Name and address of each person paid more than $50,000
(b)
Type of service
(c)
Compensation
NONE
Total
number of others receiving over $50,000 for professional services
.............
0
Part IX-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.
Expenses
1
2
3
4
Part IX-B
Summary of Program-Related Investments
(see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.
Amount
1
2
All other program-related investments. See instructions.
3
Total.
Add lines 1 through 3
.........................
Form
990-PF
(2019)
Form 990-PF (2019)
Page
8
Part X
Minimum Investment Return
(All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities
...................
1a
53,626,628
b
Average of monthly cash balances
.......................
1b
1,226,365
c
Fair market value of all other assets (see instructions)
................
1c
254,125
d
Total
(add lines 1a, b, and c)
.........................
1d
55,107,118
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation)
.............
1e
0
2
Acquisition indebtedness applicable to line 1 assets
..................
2
0
3
Subtract line 2 from line 1d
.........................
3
55,107,118
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
826,607
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
54,280,511
6
Minimum investment return.
Enter 5% of line 5
..................
6
2,714,026
Part XI
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part X, line 6
....................
1
2,714,026
2a
Tax on investment income for 2019 from Part VI, line 5
......
2a
33,076
b
Income tax for 2019. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
33,076
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
2,680,950
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
2,680,950
6
Deduction from distributable amount (see instructions)
.................
6
0
7
Distributable amount
as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1
...
7
2,680,950
Part XII
Qualifying Distributions
(see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26
..........
1a
2,995,164
b
Program-related investments—total from Part IX-B
..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes
...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)
....................
3a
0
b
Cash distribution test (attach the required schedule)
.................
3b
0
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
4
2,995,164
5
Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
income. Enter 1% of Part I, line 27b. See instructions
.................
5
33,076
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
2,962,088
Note:
The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.
Form
990-PF
(2019)
Form 990-PF (2019)
Page
9
Part XIII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2018
(c)
2018
(d)
2019
1
Distributable amount for 2019 from Part XI, line 7
2,680,950
2
Undistributed income, if any, as of the end of 2019:
a
Enter amount for 2018 only
.......
0
b
Total for prior years:
20
,
20
,
20
0
3
Excess distributions carryover, if any, to 2019:
a
From 2014
......
195,972
b
From 2015
......
189,082
c
From 2016
......
162,603
d
From 2017
......
228,167
e
From 2018
......
292,428
f
Total
of lines 3a through e
........
1,068,252
4
Qualifying distributions for 2019 from Part
XII, line 4:
$
2,995,164
a
Applied to 2018, but not more than line 2a
0
b
Applied to undistributed income of prior years
(Election required—see instructions)
.....
0
c
Treated as distributions out of corpus (Election
required—see instructions)
........
0
d
Applied to 2019 distributable amount
.....
2,680,950
e
Remaining amount distributed out of corpus
314,214
5
Excess distributions carryover applied to 2019.
0
0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
1,382,466
b
Prior years’ undistributed income. Subtract
line 4b from line 2b
..........
0
c
Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed
......
0
d
Subtract line 6c from line 6b. Taxable amount
—see instructions
...........
0
e
Undistributed income for 2018. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
0
f
Undistributed income for 2019. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2020
..........
0
7
Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions)
.......
0
8
Excess distributions carryover from 2014 not
applied on line 5 or line 7 (see instructions)
...
195,972
9
Excess distributions carryover to 2020.
Subtract lines 7 and 8 from line 6a
......
1,186,494
10
Analysis of line 9:
a
Excess from 2015
....
189,082
b
Excess from 2016
....
162,603
c
Excess from 2017
....
228,167
d
Excess from 2018
....
292,428
e
Excess from 2019
....
314,214
Form
990-PF
(2019)
Form 990-PF (2019)
Page
10
Part XIV
Private Operating Foundations
(see instructions and Part VII-A, question 9)
1a
If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2019, enter the date of the ruling
.......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
2a
Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part X for each
year listed
..........
Tax year
Prior 3 years
(e) Total
(a)
2019
(b)
2018
(c)
2017
(d)
2016
b
85% of line 2a
.........
c
Qualifying distributions from Part XII,
line 4 for each year listed
.....
d
Amounts included in line 2c not used directly
for active conduct of exempt activities
..........
e
Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c
....
3
Complete 3a, b, or c for the
alternative test relied upon:
a
“Assets" alternative test—enter:
(1)
Value of all assets
......
(2)
Value of assets qualifying
under section 4942(j)(3)(B)(i)
b
“Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part X, line 6 for each year listed
...
c
“Support" alternative test—enter:
(1)
Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties)
....
(2)
Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii)
....
(3)
Largest amount of support
from an exempt organization
(4)
Gross investment income
Part XV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1
Information Regarding Foundation Managers:
a
List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
NONE
b
List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
NONE
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
a
The name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
LAWRENCE HOOVER
400 MARKET AVE N STE 210
CANTON
,
OH
44702
(330) 580-2568
b
The form in which applications should be submitted and information and materials they should include:
LETTER STATING AMOUNT AND PURPOSE FOR WHICH GRANT IS REQUESTED.
c
Any submission deadlines:
NONE THE FOUNDATION MAKES GIFTS AND GRANTS PRINCIPALLY TO PUBLIC-SUPPORTED
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
COMMUNITY FUNDS, HOSPITALS AND HEALTH AGENCIES,COLLEGES AND COMMUNITY ORGANIZATIONS. THE FOUNDATION DOES NOT MAKE GRANTS TO INDIVIDUALS.
Form
990-PF
(2019)
Form 990-PF (2019)
Page
11
Part XV
Supplementary Information
(continued)
3
Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient
If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
Foundation
status of
recipient
Purpose of grant or
contribution
Amount
Name and address (home or business)
a
Paid during the year
AMERICAN HEART ASSOCIATION
4916 HILLS DALES RD
CANTON
,
OH
44708
NONE
PC
HEALTH/MEDICAL RESEARCH FOR
10,000
CHARACTER CORP
220 MARKET AVENUE S-STE 200
CANTON
,
OH
44702
NONE
PC
PROVIDE FUNDS FOR WORKING
10,000
AMERICAN RED CROSS
521 MARKET AVENUE N
CANTON
,
OH
44702
NONE
PC
PROVIDE OPERATIONAL FUNDS
20,000
AULTMAN HOSPITAL WOMEN'S BOARD
2600 - 6TH STREET SW
CANTON
,
OH
44710
NONE
PC
HEALTH/MEDICAL
175,000
NORTH CANTON COMMUNITY
BUILDING
200 SOUTH MAIN STREET
NORTH CANTON
,
OH
44720
NONE
PC
COMMUNITY SERVICES
25,000
CANTON STUDENT LOAN
FOUNDATION
4974 HIGBEE AVE NW 204
CANTON
,
OH
44718
NONE
PC
EDUCATION
10,000
NORTH CANTON CITY SCHOOLS
525 - 7TH STREET NE
NORTH CANTON
,
OH
44720
NONE
PC
EDUCATION
250,000
KENT STATE UNIVERSITY FOUNDATION
PO BOX 5190
KENT
,
OH
44242
NONE
PUBLIC
EDUCATION
25,000
McKINLEY PRESIDENTIAL MUSEUM & LIBRARY
800 MCKINLEY MONUMENT DR NW
CANTON
,
OH
44708
NONE
PC
OPERATIONAL SUPPORT OF
50,000
GOODWILL INDUSTRIES
818 MULBERRY ROAD SE
CANTON
,
OH
44707
NONE
PC
HELPS THOSE SEEKING JOBS
5,000
STARK COUNTY YOUNG LIFE
2731 CLEVELAND AVE NW
CANTON
,
OH
44709
NONE
PC
FUNDS FOR ACTIVITIES
20,000
CANINES HELPING INDEPENDENT PEOPLE
2322 44TH ST NW
CANTON
,
OH
44709
NONE
EXEMPT
GENERAL
7,500
ALLIANCE AREA HABITAT FOR HUMANITY
470 E BROADWAY ST
ALLIANCE
,
OH
44601
NONE
EXEMPT
GENERAL
50,000
ACCESS HEALTH CARE STARK COUNTY
408 NINTH ST SW
CANTON
,
OH
44707
NONE
PC
GENERAL SUPPORT
25,000
THE WAY OUT PRISON MINISTRY
PO BOX 784
UNIONTOWN
,
OH
44685
NONE
PC
SUPPORT IN MINISTERING TO
7,420
REFUGE OF HOPE
405 3RD ST NE
CANTON
,
OH
44702
NONE
PC
SUPPORT OF PROGRAM
80,000
EXPONENT PHILANTHROPY
1720 N ST NW
WASHINGTON
,
DC
20036
NONE
PC
SUPPORT OF PROGRAMS
750
HERITAGE CHRISTIAN SCHOOL
2107 6TH ST SW
CANTON
,
OH
44706
NONE
PC
SUPPORT OF SCHOOL
29,000
MERCY SERVICE LEAGUE
1320 MERCY DR
CANTON
,
OH
44718
NONE
SOUNK
SUPPORT OF PROGRAMS
25,000
STARK STATE COLLEGE FOUNDATION
6200 FRANK AVE NW
NORTH CANTON
,
OH
44720
NONE
PC
SUPPORT OF COLLEGE
10,000
LEADERSHIP STARK COUNTY
222 MARKET AVE N
CANTON
,
OH
44702
NONE
PC
GENERAL SUPPORT
10,000
CANTON EX-NEWSBOYS ASSOC
408 9TH ST SW
CANTON
,
OH
44707
NONE
PC
GENERAL SUPPORT
5,000
TOMTOD IDEAS
715 MARKET AVE N
Canton
,
OH
44702
NONE
PC
GENERAL SUPPORT
10,000
YMCA OF WESTERN STARK COUNTY
131 TREMONT AVE SE
Massillon
,
OH
44646
NONE
PC
GENERAL SUPPORT
20,000
AKRON CHILDREN'S HOSPITAL FOUNDATION
ONE PERKINS SQUARE
AKRON
,
OH
44308
NONE
PC
SUPPORT PROGRAMS
50,000
WARRIOR BEAT RYTHM & WELLNESS CENTER
318 CHERRY ST NE
CANTON
,
OH
44702
NONE
PC
GENERAL SUPPORT
6,000
MERCERSBURG ACADEMY
100 ACADEMY DRIVE
MERCERSBURG
,
PA
17236
NONE
PC
EDUCATION
1,000
CITY OF NORTH CANTON
145 N MAIN STREET
NORTH CANTON
,
OH
44720
NONE
PUBLIC
COMMUNITY EDUCATION
125,000
MASSACHUSETTS INSTITUTE
OF TECHNOLOGY
77 MASSACHUSETTS AVE
CAMBRIDGE
,
ME
02139
NONE
PC
EDUCATIONAL SCHOLARSHIPS
1,000
UNITED WAY OF GREATER STARK
COUNTY
220 MARKET AVE S
CANTON
,
OH
44702
NONE
PC
PROVIDE SUPPORT TO
320,000
GREATER STARK COUNTY URBAN LEAGUE
1400 SHERRICK RD SE
CANTON
,
OH
44707
NONE
PC
GENERAL SUPPORT
15,000
THE ABCD INC
1225 GROSS AVENUE NE
CANTON
,
OH
44705
NONE
PC
COMMUNITY SERVICES/REDUCE
5,000
MERCYHURT UNIVERSITY
501 E 38TH ST
ERIE
,
PA
16546
NONE
PC
PROMOTE EDUCATION
2,000
Castle Crusaders
200 GLAMORGAN ST
Alliance
,
OH
44601
NONE
PC
GENERAL SUPPORT
50,000
VOYAGER PROGRAM
220 MARKET AVE S STE 200
CANTON
,
OH
44702
NONE
PC
PROVIDE AFTER SCHOOL
15,000
DENISON UNIVERSITY
P O BOX 740
GRANVILLE
,
OH
43023
NONE
PC
PROMOTE EDUCATION
500
MUSKINGUM COLLEGE
163 STORMONT STREET
NEW CONCORD
,
OH
43762
NONE
PC
EDUCATION
20,600
OHIO FOUNDATION OF INDEPENDENT
250 E BROAD STREET
COLUMBUS
,
OH
43215
NONE
PC
FUNDS FOR COLLEGES AND
65,000
YMCA OF CENTRAL STARK COUNTY
405 - 2ND STREET NW
CANTON
,
OH
44702
NONE
PC
PROMOTE HEALTH, VALUES AND
67,000
EARLY CHILDHOOD RESOURCE
CENTER
3114 CLEVELAND AVENUE NW
CANTON
,
OH
44709
NONE
PC
ASSIST IN IMPROVING THE
50,000
BUCKEYE COUNCIL BOY SCOUTS
2301 13TH STREET NW
CANTON
,
OH
44708
NONE
PC
FUNDS FOR ACTIVITIES AND
50,000
COLLEGE OF WOOSTER
625 WEBER AVENUE
WOOSTER
,
OH
44691
NONE
PC
PROMOTE EDUCATION
2,500
WESTERN RESERVE HISTORICAL
SOCIETY
10825 EAST BOULEVARD
CLEVELAND
,
OH
44106
NONE
PC
COMMUNITY SERVICES
5,000
GIRL SCOUTS OF NORTH EAST OHIO
1010 APPLEGROVE ST NW
NORTH CANTON
,
OH
44720
NONE
PC
COMMUNITY SERVICE
12,000
CANTON MUSEUM OF ART
1001 MARKET AVE N
CANTON
,
OH
44702
NONE
PC
SUPPORT ART, CULTURE AND
65,000
MALONE UNIVERSITY
515 - 25TH STREET NW
CANTON
,
OH
44709
NONE
PC - SCHOOL
EDUCATION
24,500
WALSH UNIVERSITY
2020 E MAPLE STREET
NORTH CANTON
,
OH
44720
NONE
PC - SCHOOL
EDUCATIONAL SCHOLARSHIPS
22,500
HARTVILLE MIGRANT COUNCIL
PO BOX 682
HARTVILLE
,
OH
44632
NONE
PC
ASSIST MIGRANT WORKERS
10,000
OHIO OUTDOOR HISTORICAL DRAMA
ASSOC
PO BOX 450
NEW PHILADELPHIA
,
OH
44663
NONE
PC
PROVIDE THEATRICAL
5,000
CANTON CHRISTIAN HOME
2550 CLEVELAND AVE NW
CANTON
,
OH
44709
NONE
PC
ASSIST LIVING AND NURSING
5,000
NORTH CANTON PLAYHOUSE
525 7TH STREET NE
NORTH CANTON
,
OH
44720
NONE
PC
PROVIDE ENTERTAINMENT,
122,500
CANTON PALACE THEATRE
605 MARKET AVE N
CANTON
,
OH
44702
NONE
PC
FUNDS FOR OPERATIONS OF
50,000
JRC LEARNING CENTER
AKA J R COLEMAN FAMILY SERVICES CORP
1731 GRACE AVE NE
CANTON
,
OH
44705
NONE
PC
SUPPORT OF PROGRAMS IN
155,000
AKRON-CANTON REGIONAL
FOODBANK
350 OPPORTUNITY PARKWAY
AKRON
,
OH
44307
NONE
PC
ASSIST WITH FEEDING PEOPLE
17,500
NORTH COAST COMMUNITY
HOMES
14221 BROADWAY AVENUE
CLEVELAND
,
OH
441251953
NONE
PC
COMMUNITY SERVICES
10,000
STARK DEVELOPMENT BOARD
116 CLEVELAND AVENUE NW
CANTON
,
OH
44702
NONE
PC
SUPPORT STARK CO AREA NEW
40,000
BLUECOATS DRUM & BUGLE CORPS
PO BOX 2733
NORTH CANTON
,
OH
44720
NONE
PC
FUNDS FOR YOUTH ACTIVITIES
7,500
STARK EDUCATION PARTNERSHIP
400 MARKET AVE N
CANTON
,
OH
44702
NONE
PC
ASSIST STUDENTS IN HIGHER
60,000
STARK SOCIAL WORKERS NETWORK
1221 HARRISON RD NE
CANTON
,
OH
44705
NONE
PC
COMMUNITY SERVICES
20,000
WE ARE TROUBLED ON EVERY SIDE
OUT REACH PROGRAM
1225 GROSS AVE NE
CANTON
,
OH
44705
NONE
PC
FUNDING COMMUNITY SERVICES
10,000
A COMMUNITY CHRISTMAS
P O BOX 20050
CANTON
,
OH
44701
NONE
PC
FUNDING FOR CHRISTMAS GIFTS
5,000
Fellowship Baptist Church
3741 FOHL ST SW
CANTON
,
OH
44705
NONE
PC
FUNDING PUBLIC CHURCHES
2,580
STUMP HILL FARM
6633 KLICK ST
MASSILLON
,
OH
44646
NONE
PC
ASSIST WITH REHABILITATION
48,200
HEARTBEATS TO THE CITY
1355 MARKET AVE
CANTON
,
OH
44707
NONE
PC
MENTORING/TUTORING
20,000
TEAM NEO FOUNDATION
1111 SUPERIOR AVENUE
CLEVELAND
,
OH
44114
NONE
PC
SUPPORT OF PROGRAMS FOR
10,000
PROJECT REBUILD
406 SHORB AVE NW
CANTON
,
OH
44703
NONE
PC
HELP AT-RISK YOUTH TO GAIN
7,500
HAMMER & NAILS INC
HAMMER & NAILS INC
1407 7TH ST NW
CANTON
,
OH
44703
NONE
PC
COMMUNITY SERVICE
12,000
TURNING POINT OF STARK
COUNTY
1221 HARRISON RD NE
CANTON
,
OH
44705
NONE
PC
FUNDS FOR ASSISTING WITH
20,000
CANTON SYMPHONY ORCHESTRA
1001 MARKET AVENUE N
CANTON
,
OH
44702
NONE
PC
SUPPORT OF SYMPHONY
50,000
NORTH CANTON LITTLE LEAGUE
3701 OAK GLEN CIR NW
NORTH CANTON
,
OH
44720
NONE
PC
FUNDING YOUTH RECREATIONAL
35,000
YOUNGSTOWN STATE UNIVERSITY FOUNDATION
655 WICK AVENUE
YOUNGSTOWN
,
OH
44502
NONE
PC
FUNDS FOR SCHOLARSHIPS AND
8,000
ARTS IN STARK
1001 MARKET AVENUE
CANTON
,
OH
44702
NONE
PC
SUPPORT EDUCATION, NEW JOBS
205,000
CULVER EDUCATIONAL
FOUNDATION
1300 ACADEMY RD
CULVER
,
IN
465111291
NONE
PC
EDUCATION
7,500
FELLOWSHIP OF CHRISTIAN ATHLETES
8701 LEEDS ROAD
KANSAS CITY
,
MO
64129
NONE
PC
SUPPORT OF PROGRAMS
10,000
COMMUNITY BUILDING PARTNERSHIP
400 MARKET AVE N
CANTON
,
OH
44702
NONE
PC
COMMUNITY SERVICE
50,000
EN-RICH-MENT
4110 MEADOWVIEW DR NW
CANTON
,
OH
44718
NONE
PC
SUPPORT OF LOCAL SYMPHONY
25,000
THE LEGACY PROJECT OF STARK
PO BOX 36747
CANTON
,
OH
44735
NONE
PC
COMMUNITY SERVICE
15,000
CANTON REGIONAL SCORE CHAPTER
6000 FRANK AVE NW
NORTH CANTON
,
OH
44720
NONE
PC
ENCOURAGE GROWTH & SUCCESS
10,000
VANDERBILT UNIVERSITY
2201 WEST END AVENUE
NASHVILLE
,
TN
37240
NONE
PC - SCHOOL
EDUCATIONAL SCHOLARSHIPS
300
Total
.................................
3a
2,907,850
b
Approved for future payment
Total
.................................
3b
Form
990-PF
(2019)
Form 990-PF (2019)
Page
12
Part XVI-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated.
Unrelated business income
Excluded by section 512, 513, or 514
(e)
Related or exempt
function income
(See instructions.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
g
Fees and contracts from government agencies
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
4
Dividends and interest from securities
....
14
1,155,283
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not debt-financed property
.....
6
Net rental income or (loss) from personal property
7
Other investment income
.....
8
Gain or (loss) from sales of assets other than
inventory
............
18
2,231,511
9
Net income or (loss) from special events:
10
Gross profit or (loss) from sales of inventory
11
Other revenue:
a
STARK BOARD OF TRA
1
108,890
b
c
d
e
12
Subtotal. Add columns (b), (d), and (e)
..
3,495,684
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
3,495,684
(See worksheet in line 13 instructions to verify calculations.)
Part XVI-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form
990-PF
(2019)
Form 990-PF (2019)
Page
13
Part XVII
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1)
Cash
...................................
1a(1)
No
(2)
Other assets
.................................
1a(2)
No
b
Other transactions:
(1)
Sales of assets to a noncharitable exempt organization
....................
1b(1)
No
(2)
Purchases of assets from a noncharitable exempt organization
..................
1b(2)
No
(3)
Rental of facilities, equipment, or other assets
.......................
1b(3)
No
(4)
Reimbursement arrangements
...........................
1b(4)
No
(5)
Loans or loan guarantees
.............................
1b(5)
No
(6)
Performance of services or membership or fundraising solicitations
................
1b(6)
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees
..............
1c
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column
(b)
should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column
(d)
the value of the goods, other assets, or services received.
(a)
Line No.
(b)
Amount involved
(c)
Name of noncharitable exempt organization
(d)
Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527?
...........
Yes
No
b
If "Yes," complete the following schedule.
(a)
Name of organization
(b)
Type of organization
(c)
Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
May the IRS discuss this return
with the preparer shown below
(see instr.)
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's Signature
Date
Check if self-
employed
PTIN
Firm's name
Firm's EIN
Firm's address
Phone no.
Form
990-PF
(2019)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description