Form990-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. 1545-0047
2025
Open to Public Inspection
For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25
Name of foundation
THE ASHTABULA FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address) 4510 COLLINS BLVD
  Room/suite
City or town
ASHTABULA
State or province
OH
Country  
ZIP or foreign postal code
44004
A Employer identification number

34-6538130
B Telephone number (see instructions)

4409926818
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$24,997,357J Accounting method:
MODIFIED CASH
(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)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 20,400
2 Check .................
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 613,891 603,398  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,135,755
b Gross sales price for all assets on line 6a 25,663,470
7 Capital gain net income (from Part IV, line 2)... 3,135,755
8 Net short-term capital gain.........  
9 Income modifications........... 3,036
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)....... Click to see attachment
List of Attached Documents:
// Content
5,538 5,538  
12 Total. Add lines 1 through 11........ 3,775,584 3,744,691 3,036
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 66,367 16,592   49,775
15 Pension plans, employee benefits....... 1,991 498   1,493
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
22,660 5,665   16,995
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
71,949 71,949   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
76,620 11,745   3,897
19 Depreciation (attach schedule) and depletion... 10,716 0  
20 Occupancy.............. 24,009 6,002   18,007
21 Travel, conferences, and meetings....... 1,807 452   1,355
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
38,521 9,631   30,642
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 314,640 122,534   122,164
25 Contributions, gifts, grants paid....... 915,948 915,948
26 Total expenses and disbursements. Add lines 24 and 25 ................ 1,230,588 122,534   1,038,112
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,544,996
b Net investment income (if negative, enter -0-) 3,622,157
c Adjusted net income (if negative, enter -0-)... 3,036
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
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
Assets 1 Cash—non-interest-bearing............. 58,592 85,908 85,908
2 Savings and temporary cash investments......... 645,854 678,697 678,697
3 Accounts receivable  
Less: allowance for doubtful accounts        
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        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 123 Click to see attachment
List of Attached Documents:
// Content
219,045 		219,045
b Investments—corporate stock (attach schedule)....... 6,482,528 Click to see attachment
List of Attached Documents:
// Content
6,859,488 		6,859,488
c Investments—corporate bonds (attach schedule)....... 0 Click to see attachment
List of Attached Documents:
// Content
4,614,837 		4,614,837
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 16,213,420 Click to see attachment
List of Attached Documents:
// Content
12,518,461 		12,518,461
14 Land, buildings, and equipment: basis 65,469
Less: accumulated depreciation (attach schedule) 50,358 4,871 15,111 15,111
15 Other assets (describe ) Click to see attachment
List of Attached Documents:
// Content
5,046 		Click to see attachment
List of Attached Documents:
// Content
5,810 		Click to see attachment
List of Attached Documents:
// Content
5,810
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 23,410,434 24,997,357 24,997,357
Liabilities 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 ) Click to see attachment
List of Attached Documents:
// Content
1,750 		Click to see attachment
List of Attached Documents:
// Content
1,822
23 Total liabilities (add lines 17 through 22)......... 1,750 1,822
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 17,101,462 18,248,706
25 Net assets with donor restrictions............ 6,307,222 6,746,829
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
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)..... 23,408,684 24,995,535
30 Total liabilities and net assets/fund balances (see instructions). 23,410,434 24,997,357
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
23,408,684
2
Enter amount from Part I, line 27a .....................
2
2,544,996
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
3,036
4
Add lines 1, 2, and 3 ..........................
4
25,956,716
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
961,181
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
24,995,535
Form 990-PF (2025)
Form 990-PF (2025)
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 LT CAPITAL LOSS FROM K-1S P    
b UNDESIGNATED ACCOUNT 1 P    
c UNDESIGNATED ACCOUNT 2 P    
d DESIGNATED ACCOUNT 1 P    
e DESIGNATED ACCOUNT 2 P    
RISING SCHOLAR 1 P    
RISING SCHOLAR 2 P    
JACK ROSS 2 P    
COBILITZ P    
CAPITAL GAINS 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       -6,549
b 16,004,798   13,810,981 2,193,817
c 2,939,334   2,863,718 75,616
d 824,202   803,711 20,491
e 4,593,467   3,940,191 653,276
186,311   182,201 4,110
1,019,542   902,322 117,220
13,157   11,154 2,003
12,122   6,888 5,234
70,537     70,537
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       -6,549
b       2,193,817
c       75,616
d       20,491
e       653,276
      4,110
      117,220
      2,003
      5,234
      70,537
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 3,135,755
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 ......................... 		Bracket 3  
Part V
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. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 50,348
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 50,348
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 50,348
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 51,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 51,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 256
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... 10 396
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax396 Refunded 11 0
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
Page 4
Part VI-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 the instructions
for the 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. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 0
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:
round bullet By language in the governing instrument, or
round bullet 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 XIV..................................
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
Yes
 
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 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
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
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 addressWWW.ASHTABULAFOUNDATION.ORG
14
The books are in care ofKELLEY L KATON Telephone no. (440) 992-6818

Located at4510 COLLINS BLVD SUITE 6ASHTABULAOH ZIP+444004
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 2025, did the foundation have an interest in or a signature or other authority over YesNo
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
Form 990-PF (2025)
Form 990-PF (2025)
Page 5
Part VI-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? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
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)? ......................
1a(5)
 
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.) ...............
1a(6)
 
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
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........
d
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 2025? .............
1d
 
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 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
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? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2025 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 Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
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 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
Page 6
Part VI-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))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
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? .............
5a(5)
 
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
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........
d
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? .................
5d
 
 
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? .............................
6a
 
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?
7a
 
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? .........................
8
 
No
Part VII
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
TIM GREEN PRESIDENT/DIRECTOR
2.00 		0 0 0
4311 LAKE ROAD
CONNEAUT,OH44030
LYNN ZALEWSKI VICE PRESIDENT/DIRECTOR
2.00 		0 0 0
7331 SOUTH RIDGE RD EAST
GENEVA,OH44041
J TROMBLEY KANICKI TREASURER/DIRECTOR
2.00 		0 0 0
6220 GREEN ROAD
ASHTABULA,OH44004
DR JEROME R BROCKWAY DIRECTOR
2.00 		0 0 0
1565 STATE ROUTE 167
JEFFERSON,OH44047
RICK COBLITZ DIRECTOR
2.00 		0 0 0
5610 MAIN AVE
ASHTABULA,OH44004
JOSEPH A MISINEC JR DIRECTOR
2.00 		0 0 0
951 MINERAL SPRINGS RD
ASHTABULA,OH44004
CHERYLE CHIARAMONTE DIRECTOR
2.00 		0 0 0
3881 AUSTINBURG ROAD
ASHTABULA,OH44004
CAROLYN TURK DIRECTOR
2.00 		0 0 0
BOX 101
ORWELL,OH44076
GLEN W WARNER DIRECTOR
2.00 		0 0 0
165 RIVER FALLS DRIVE
DUNCAN,SC29334
MICHELLE MCCLURE DIRECTOR
2.00 		0 0 0
3247 BRIANNA COURT
ASHTABULA,OH44004
MARK ASTORINO DIRECTOR
2.00 		0 0 0
4408 STONEGAIT DR
ASHTABULA,OH44004
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 (2025)
Form 990-PF (2025)
Page 7
Part VII
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.............right arrow0
Part VIII-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 VIII-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.........................0
Form 990-PF (2025)
Form 990-PF (2025)
Page 8
Part IX
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
23,941,853
b
Average of monthly cash balances.......................
1b
74,702
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
24,016,555
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
24,016,555
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
360,248
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
23,656,307
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
1,182,815
Part X
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 IX, line 6..................
1
1,182,815
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
50,348
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
50,348
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,132,467
4
Recoveries of amounts treated as qualifying distributions................
4
3,036
5
Add lines 3 and 4............................
5
1,135,503
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 XII, line 1 ...
7
1,135,503
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, line 26, column (d) ..........
1a
1,038,112
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,038,112
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2024 		(c)
2024 		(d)
2025
1 Distributable amount for 2025 from Part X, line 7 1,135,503
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020......  
b From 2021......  
c From 2022......  
d From 2023......  
e From 2024...... 25,588
f Total of lines 3a through e ........ 25,588
4Qualifying distributions for 2025 from Part
XI, line 4: $ 1,038,112
a Applied to 2024, 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 2025 distributable amount..... 1,038,112
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2025. 25,588 25,588
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
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 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		71,803
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 2020 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2021 ....  
b Excess from 2022 ....  
c Excess from 2023 ....  
d Excess from 2024 ....  
e Excess from 2025 ....  
Form 990-PF (2025)
Form 990-PF (2025)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-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 2025, enter the date of the ruling ......
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2025 (b) 2024 (c) 2023 (d) 2022
         
b 85% (0.85) of line 2a .......          
c Qualifying distributions from Part XI,
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, 3b, or 3c 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 IX, 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 XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList 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).)
bList 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.
2Information 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, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
ONLINE FORM
4510 COLLINS BLVD
ASHTABULA,OH44004
(440) 992-6818
ASHTABULAFDN@GMAIL.COM
bThe form in which applications should be submitted and information and materials they should include:
AMOUNT AND PURPOSE OF REQUEST AND PROOF THAT ORGANIZATION IS A QUALIFYING ORGANIZATION. THESE ARE STANDARD FORMS FOR SCHOLARSHIP PROGRAMS THAT MAY BE OBTAINED FROM FOUNDATION OFFICES.
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
RELIGIOUS AND CHARITABLE PURPOSES PRIMARILY TO BENEFIT THE ASHTABULA OHIO AREA.
Form 990-PF (2025)
Form 990-PF (2025)
Page 11
Part XIV
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)
aPaid during the year

ACDL FOUNDATION

4335 PARK AVE
ASHTABULA,OH44004 		NONE   GENEVA LIBRARY BUILDING PROJECT 50,000

AFTER SCHOOL DISCOVERY

PO BOX 113
ASHTABULA,OH44005 		NONE   CELEBRATE PRIMARY FOR 1 & 2 MATCH, GENERAL DONATION 26,630

AMERICAN HEART ASSOCIATION

1375 E 9TH 600
CLEVELAND,OH44114 		NONE   LIBRARIES WITH HEART 5,000

AMERICAN RED CROSS

2747 EUCLID AVE
CLEVELAND,OH44115 		NONE   DISASTER CYCLE SERVICES 18,000

ARMC

2259 LAKE AVE
ASHTABULA,OH44004 		NONE   GENERAL DONATION 75,650

ARMC FOUNDATION

2420 LAKE ROAD
ASHTABULA,OH44004 		NONE   GENERAL DONATION 500

ASHCRAFT INDUSTRIES

5959 GREEN RD
ASHTABULA,OH440050934 		NONE   GREENHOUSE/GARDEN REOPENING PROJECT, GENERAL DONATION 5,000

ASHTABULA ARTS CENTER

2928 W 13TH ST
ASHTABULA,OH44004 		NONE   NUTCRACKER SET RIGGING, GENERAL DONATION 13,209

ASHTABULA COUNTY CONCERTS OF PRAYER

PO BOX 925
ASHTABULA,OH440050925 		NONE   2025 PRAYER BREAKFAST 2,000

ASHTABULA COUNTY COVERED BRIDGE FESTIVAL

25 W JEFFERSON ST
JEFFERSON,OH44047 		NONE   AMERICA 250 CELEBRATION 500

ASHTABULA COUNTY YMCA

2630 W 14 ST STE A
ASHTABULA,OH44004 		NONE   DESIGNATED GIFT- OPERATING FUNDS 50,174

BEATITUDE HOUSE

238 TOD LANE
YOUNGSTOWN,OH44504 		NONE   REFRESH AND RENEW PROJECT 16,500

CATHOLIC CHARITIES OF ASHTABULA COUNTY

4200 PARK AVE 3RD FLOOR
ASHTABULA,OH44004 		NONE   ASSISTANCE FOR HOMEOWNERS IN CRISIS, GENERAL DONATION 22,480

CHRISTIAN FAITH ACADEMY

2710 STATE RD
ASHTABULA,OH44004 		NONE   LADY KNIGHTS VOLLEYBALL PROGRAM 1,500

CIVIC DEVELOPMENT CORPORATION

PO BOX 131
ANDOVER,OH44003 		NONE   GENERAL DONATION 31,000

CLEVELAND RAPE CRISIS CENTER

5021 STATE RD
ASHTABULA,OH44004 		NONE   COMPREHENSIVE SERVICES FOR SURVIVORS OF SEXUAL VIOLENCE IN ASHTABULA COUNTY 12,500

COMMUNITY COUNSELING CENTER

2801 C COURT
ASHTABULA,OH44004 		NONE   GENERAL DONATION 915

CONNEAUT YOUTH CENTER

229 MAIN ST
CONNEAUT,OH44030 		NONE   GENERAL DONATION 675

CONVERSATION STATION

PO BOX 443
ORWELL,OH44076 		NONE   GENERAL DONATION 700

COUNTRY NEIGHBOR PROGRAM INC

PO BOX 212
ORWELL,OH44076 		NONE   2025 FEED THE HOPE, GENERAL DONATIONS 10,000

FAMILY PRIDE OF NE OHIO

1110 LAKE AVE
ASHTABULA,OH44004 		NONE   THERAPUETIC RESOURCES FOR CHILDREN, FAMILIES AND SENIORS 10,000

FIRST CONGREGATIONAL UNITED CHURCH OF CHRIST

PO BOX 177
ANDOVER,OH44003 		NONE   GENERAL DONATION 1,000

FIRST UNITED METHODIST CHURCH GENEVA

89 SOUTH BROADWAY
GENEVA,OH44041 		NONE   DAYCARE & PRESCHOOL PLAYGROUND RESTORATION PROJECT 30,000

FOP ASHTABULA LODGE #26

110 W 44TH ST
ASHTABULA,OH44004 		NONE   SAFETY TOWN 2026 2,140

FRIENDS OF CONNEAUT PUBLIC LIBRARY

304 BUFFALO STREET
CONNEAUT,OH44030 		NONE   GENERAL DONATION 420

FRIENDS OF THE ASHTABULA COUNTY JUVENILE PROBATE COURT

4717 MAIN AVE
ASHTABULA,OH44004 		NONE   GENERAL DONATIONGENERAL DONATION 500

GATEWAY OUTDOOR LEARNING CENTER

PO BOX 732
CONNEAUT,OH44030 		NONE   OUTDOOR CLASSROOM PAVILION PROJECT, DISCOVERY DAY 2025 4,500

GENEVA FOOD PANTRY

505 WEST MAIN
GENEVA,OH44041 		NONE   GENERAL DONATION 4,000

GIRL SCOUTS OF NE OHIO

1 GIRL SCOUT WAY
MACEDONIA,OH44056 		NONE   SCOUTING PROGRAM 5,000

GRAND RIVER ACADEMY

3042 COLLEGE ST
AUSTINBURG,OH44010 		NONE   COMMUNICATIONS SYSTEM RENOVATION AND UPGRADE, GENERAL DONATION 15,250

GRAND VALLEY SCHOOLS

111 GRAND VALLEY AVE STE A
ORWELL,OH44076 		NONE   MUSTANG STABLE 250

HARVEY SCHOLARSHIPS

4510 COLLINS BOULEVARD SUITE 6
ASHTABULA,OH44004 		NONE   SCHOLARSHIPS 30,000

HENDERSON MEMORIAL PUBLIC LIBRARY

54 E JEFFERSON ST
JEFFERSON,OH44047 		NONE   GENERAL DONATION 1,000

HOMESAFE INC

PO BOX 702
ASHTABULA,OH44004 		NONE   GENERAL DONATION 2,500

HOSPICE OF THE WESTERN RESERVE

1166 LAKE AVE
ASHTABULA,OH44004 		NONE   PALLATIVE CARE 14,150

JUNIOR ACHIEVEMENT

PO BOX 2985
ASHTABULA,OH44005 		NONE   K-12 PROGRAMS IN ASHTABULA COUNTY 5,000

KENT STATE UNIVERSITY

800 E SUMMIT ST
KENT,OH44242 		NONE   RISING SCHOLARS PROGRAM 1,500

KINGSVILLE PUBLIC LIBRARY

PO BOX 57
KINGSVILLE,OH44048 		NONE   GENERAL DONATION 2,450

LAKESIDE SOCIETY FOR THE PERFORMING ART

6600 SANBORN RD
ASHTABULA,OH44004 		NONE   GENERAL DONATION 650

LEGAL AID SOCIETY

121 WALNUT STREET
JEFFERSON,OH44047 		NONE   GENERAL DONATION 7,500

MADDOX & FRIENDS CAT RESCUE

683 MAPLE AVE
CONNEAUT,OH44030 		NONE   GENERAL DONATION 1,850

MYA WOMEN'S CENTER

517 W PROSPECT RD STE D
ASHTABULA,OH44004 		NONE   GENERAL DONATION 2,339

OUR LADY OF PEACE PARISH

3312 LAKE AVE
ASHTABULA,OH44004 		NONE   GENERAL DONATION 1,000

PENTECOSTAL COMMUNITY CHURCH

5348 PECK RD
JEFFERSON,OH44047 		NONE   GENERAL DONATION 10,000

RISING SCHOLARS

4510 COLLINS BOULEVARD SUITE 6
ASHTABULA,OH44004 		NONE   SCHOLARSHIPS 48,370

SAINT JOHN SCHOOL

7911 DEPOT ROAD
ASHTABULA,OH44004 		NONE   DESIGNATED GIFT, GENERAL DONATION 75,000

SAINT JOSEPH'S UNIVERSITY

600 S 43RD STREET
PHILADELPHIA,PA19104 		NONE   DESIGNATED GIFT- SCHOLARSHIPS 21,185

SAMARITAN HOUSE

PO BOX 743
ASHTABULA,OH44005 		NONE   GENERAL DONATIONGENERAL DONATION 361

TIFERETH ISREAL CONGREGATION

PO BOX 739
ASHTABULA,OH44005 		NONE   GENERAL DONATION 3,709

UNITED WAY OF ASHTABULA COUNTY

3705 STATE ROAD STE 203
ASHTABULA,OH44004 		NONE   2024-2025 AND 2025-2026 LIVE UNITED CAMPAIGN 70,000

VALLEY COMMUNICATION GROWTH CONNECTION

PO BOX 514
ORWELL,OH44076 		NONE   GENERAL DONATIONGENERAL DONATION 90

YOUTH ENRICHMENT FUND

4510 COLLINS BOULEVARD SUITE 6
ASHTABULA,OH44004 		NONE   GENERAL DONATION 28,264

ZONTA FOUNDATION FOR WOMEN

1200 HARGER ROAD SUITE 330
OAK BROOK,IL60523 		NONE   GENERAL DONATION 11,850

ASHTABULA DREAM CENTER

5028 BENEFIT AVE
ASHTABULA,OH44004 		NONE   5028 BENEFIT AVENUE PROJECT, GENERAL DONATION 15,500

THE OLD BRICK HISTORICAL SOCIETY

177 SOUTH MAPLE AVE
ORWELL,OH44076 		NONE   REMOVAL OF FUEL OIL TANK. NEW ROOF, NEW WALL 15,000

JEFFERSON AREA LOCAL SCHOOL DISTRICT

121 S POPLAR ADDRESS
JEFFERSON,OH44047 		NONE   BRINGING 3D ANATOMY TO LIFE 35,000

CLEVELAND SOARING SOCIETY INC

814 S PROSPECT AVE
HARTVILLE,OH44632 		NONE   PROJECT LIFT 10,000

ORWELL AREA JOINT RECREATIONAL DISTRICT

PO BOX 56
ORWELL,OH44076 		NONE   ZERO TURN MOWER FOR PARK 5,500

DR DOLITTLE'S HOUSE OF WILDLIFE REHAB

6480 HAMMOND CORNERS RD
PIERPONT,OH44082 		NONE   PROJECT AVIAN INTRODUCTION AND DISEASE PREVENTION 5,000

HARTSGROVE COMMUNITY UNITED CHURCH OF CHRIST

5260 US 6
ROME,OH44085 		NONE   CHURCH DOOR REPLACEMENT PROJECT 4,000

SAYBROOK METHODIST CHURCH

7900 DEPOT RD
ASHTABULA,OH44004 		NONE   FOOD PANTRY EQUIPMENT 2,500

THE WINDSOR HISTORICAL SOCIETY

5920 S WINDSOR RD
MIDDLEFIELD,OH44062 		NONE   CHRIST CHURCH AND MUSEUM RESTORATION PROJECT 4,000

RUNNING2BWELL

3644 MARK-DALE DRIVE
WADSWORTH,OH44281 		NONE   SHOES FOR EXERCISE PROGRAM AND GLENBEIGH HOSPITAL 5,000

CONNEAUT TOWNSHIP PARK COMMISSION

480 LAKE RD
CONNEAUT,OH44030 		NONE   EMERGENCY STATION PROJECT 3,000

OAK HILL COLLABORATIVE INC

507 OAK HILL
YOUNGSTOWN,OH44502 		NONE   ASHTABULA COUNTY DIGITAL ADVANTAGE 5,000

ASHTABULA BETHLEHEM EXPERIENCE

6028 RICHARDSON RD
CONNEAUT,OH44030 		NONE   GENERAL DONATION 4,000

AXESS FAMILY SERVICES INC

705 OAKWOOD ST SUITE 221
RAVENNA,OH44266 		NONE   RSVP ASHTABULARSVP ASHTABULA 4,500

THE CLEVELAND CLINIC FOUNDATION

9500 EUCLID AVE
CLEVELAND,OH44195 		NONE   CANCER SCREENINGS 4,000

KOINONIA DEVELOPMENT CENTER

6810 CORK COLD SPRINGS RD
GENEVA,OH44041 		NONE   EQUIPMENT FOR EQUINE 4,980

INNOVATE TO EDUCATE

950 NORWOOD DR
ASHTABULA,OH44004 		NONE   BRIGHT BUILDERS PROGRAM 500

AUSTINBURG FIRST UNITED CHURCH OF CHRIST

PO BOX 253 2870 ST RT 307
AUSTINBURG,OH44010 		NONE   GENERAL DONATION 1,000

JEFFERSON UNITED METHODIST

125 E JEFFERSON ST
JEFFERSON,OH44047 		NONE   CHRISTS MISSION 250

LAKESIDE HIGH SCHOOL MUSIC BOOSTERS

6600 SANBORN RD
ASHTABULA,OH44003 		NONE   BAND TRAILER 500

ASHTABULA HOMELESS SHELTER INC

4134 PARK AVE
ASHTABULA,OH44004 		NONE   GENERAL DONATION 20,000

JEFFERSON DEPOT VILLAGE

PO BOX 22
JEFFERSON,OH44047 		NONE   GENERAL DONATION 2,000

CAMP WHITEWOOD

7983 SOUTH WISWELL RD
WINDSOR,OH44099 		NONE   GENERAL DONATION 1,900

CONNEAUT HUMAN RESOURCES COUNCIL INC

237 MILL ST
CONNEAUT,OH44030 		NONE   GENERAL DONATION 1,500

SUIT FOR SCHOOL

149 WEST MAIN RD
CONNEAUT,OH44030 		NONE   GENERAL DONATION 1,100

ADAMS ANGELS 912

3715 OAK LANE
ASHTABULA,OH44004 		NONE   GENERAL DONATION 1,040

LIGHTHOUSE HARVEST FOUNDATION

PO BOX 626
ASHTABULA,OH440050626 		NONE   GENERAL DONATION 1,000

ASHTABULA COUNTY 4-H ADVISORY COMMITTEE

39 WALL ST
JEFFERSON,OH44047 		NONE   GENERAL DONATION 600

MANNA FOOD PANTRY

89 E SATIN ST
JEFFERSON,OH44047 		NONE   GENERAL DONATION 400

PHILANTHROPY OHIO

500 S FRONT ST SUITE 43215
COLUMBUS,OH43215 		NONE   2025 PHILANTHROPY OHIO MEMBERSHIP DUES 2,417
Total ................................. 3a 915,948
bApproved for future payment

ARMC FOUNDATION
2420 LAKE ROAD
ASHTABULA,OH44004 		NONE   PATIENT CARE TOWER 125,000

CIVIC DEVELOPMENT CORPORATION
PO BOX 131
ASHTABULA,OH440050131 		NONE   2025 CAMPAIGN 30,000

UNITED WAY OF ASHTABULA COUNTY
3705 STATE ROAD STE 203
ASHTABULA,OH44004 		NONE   2025-2026 CAMPAIGN 10,000

CORPUS CHRISTI PARISH
744 MILL STREET
ASHTABULA,OH44030 		NONE   CONCERTS AND DOCUMENTARY PROJECT 12,000

MAKE A WISH FOUNDATION OF OH KY & IN
6060 ROCKSIDE WOODS BLVD 315
INDEPENDENCE,OH44131 		NONE   WISH GRANTING FOR KIDS IN ASHTABULA 2,000
Total ................................. 3b 179,000
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-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.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 613,891  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 5,538  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    14 70,537 3,065,218
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 689,966 3,065,218
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,755,184
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
8E 2025 REALIZED GAIN
Form 990-PF (2025)
Form 990-PF (2025)
Page 13
Part XVI
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? ...........
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 instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only 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 (2025)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
THE ASHTABULA FOUNDATION INC
 
Employer identification number

34-6538130
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 2025) Page 2
Name of organization
THE ASHTABULA FOUNDATION INC
  		Employer identification number
34-6538130
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
BEVERLY JOHNSON
2556 WALNUT BVLD
 
ASHTABULA, OH44004

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
THE ASHTABULA FOUNDATION INC
  		Employer identification number

34-6538130
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
THE ASHTABULA FOUNDATION INC
  		Employer identification number

34-6538130
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2025 AccountingFeesSchedule
Name:
THE ASHTABULA FOUNDATION INC
EIN:
34-6538130
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING/AUDIT/TAX FEES 18,925 4,731   14,194
CONTRACT SERVICES 3,735 934   2,801

TY 2025 InvestmentsCorpBondsSchedule
Name:
THE ASHTABULA FOUNDATION INC
EIN:
34-6538130
Name of Bond End of Year Book Value End of Year Fair Market Value
CORPORATE BONDS 4,614,837 4,614,837

TY 2025 InvestmentsCorpStockSchedule
Name:
THE ASHTABULA FOUNDATION INC
EIN:
34-6538130
Name of Stock End of Year Book Value End of Year Fair Market Value
COMMON STOCK 6,859,488 6,859,488

TY 2025 InvestmentsGovtObligationsSch
Name:
THE ASHTABULA FOUNDATION INC
EIN:
34-6538130
US Government Securities - End of Year Book Value:

0
US Government Securities - End of Year Fair Market Value:

0
State & Local Government Securities - End of Year Book Value:


219,045
State & Local Government Securities - End of Year Fair Market Value:


219,045


TY 2025 InvestmentsOtherSchedule2
Name:
THE ASHTABULA FOUNDATION INC
EIN:
34-6538130
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MUTUAL FUNDS FMV 10,072,393 10,072,393
ALTERNATIVE INVESTMENTS FMV 2,446,068 2,446,068

TY 2025 OtherAssetsSchedule
Name:
THE ASHTABULA FOUNDATION INC
EIN:
34-6538130
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
INTANGIBLE ASSETS 5,046 5,810 5,810


TY 2025 OtherDecreasesSchedule
Name:
THE ASHTABULA FOUNDATION INC
EIN:
34-6538130
Description Amount
UNREALIZED GAIN(LOSS) ON INVESTMENTS 961,181


TY 2025 OtherExpensesSchedule
Name:
THE ASHTABULA FOUNDATION INC
EIN:
34-6538130
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DUES 300 75   225
EQUIPMENT RENTAL 2,296 574   1,722
INSURANCE 1,845 461   1,384
MARKETING 7,004 1,751   7,004
MISCELLANEOUS 4,371 1,093   3,278
OFFICE SUPPLIES 1,771 443   1,328
TELEPHONE/INTERNET 4,477 1,119   3,358
YOUTH PHILANTHROPY STIPEND AND EXPENSES 16,055 4,014   12,041
POSTAGE 402 101   302


TY 2025 OtherIncomeSchedule2
Name:
THE ASHTABULA FOUNDATION INC
EIN:
34-6538130
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
FROM K-1S- OTHER INCOME 5,538 5,538 5,538


TY 2025 OtherIncreasesSchedule
Name:
THE ASHTABULA FOUNDATION INC
EIN:
34-6538130
Description Amount
RETURNED GRANTS 3,036


TY 2025 OtherLiabilitiesSchedule
Name:
THE ASHTABULA FOUNDATION INC
EIN:
34-6538130
Description Beginning of Year - Book Value End of Year - Book Value
PAYROLL WITHHOLDINGS 1,750 1,822


TY 2025 OtherProfessionalFeesSchedule
Name:
THE ASHTABULA FOUNDATION INC
EIN:
34-6538130
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CUSTODIAL FEES 69,473 69,473   0
PORTFOLIO FEES 2,476 2,476   0


TY 2025 TaxesSchedule
Name:
THE ASHTABULA FOUNDATION INC
EIN:
34-6538130
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAX 5,196 1,299   3,897
FEDERAL EXCISE TAX 60,978 0   0
FOREIGN TAX PD 10,446 10,446   0