Overview
What is Paulding County Area Foundation - Marshall Memorial Supporting Found?
The Paulding County Area Foundation - Marshall Memorial Supporting Found is a nonprofit organization situated in Paulding, Ohio. Their primary mission is to support young farmers in the county by providing a loan interest subsidy program. This program aids young farmers in acquiring or maintaining their farming businesses by subsidizing their loan interest. Over the past five fiscal years, the organization has distributed subsidized loans totaling 911,000 in 2019, 961,000 in 2020, 922,000 in 2021, 1,065,000 in 2022, and 815,000 as of 2023. The foundation owns farmlands, which generate revenue to support this charitable loan subsidy program. With a team of three employees, they strive to assist young farmers in Paulding County, thereby advancing the charitable objectives of the Paulding County Area Foundation.
Official website here: www.pauldingcountyareafoundation.com
Is Paulding County Area Foundation - Marshall Memorial Supporting Found legitimate?
Paulding County Area Foundation - Marshall Memorial Supporting Found is a legitimate nonprofit organization registered as a 501(c)(3) entity. Paulding County Area Foundation - Marshall Memorial Supporting Found submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $60,468
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Official website here: www.pauldingcountyareafoundation.com
What is the mission statement of Paulding County Area Foundation - Marshall Memorial Supporting Found?
The Paulding County Area Foundation - Marshall Memorial Supporting Found has a mission to hold farmlands and utilize the generated revenues to conduct a charitable loan subsidy program. This program aims to assist young farmers in Paulding County, thereby advancing the charitable objective of the foundation. The organization's primary activity involves providing interest subsidies on loans to help young farmers acquire or maintain their farming businesses. Over the past five fiscal years, the amount of loans with subsidized interest under this program has totaled to 911,000 (as of 6-30-2019), 961,000 (as of 6-30-2020), 922,000 (as of 6-30-2021), 1,065,000 (as of 6-30-2022), and 815,000 (as of 6-30-2023).
Official website here: www.pauldingcountyareafoundation.com
Who is the CEO of Paulding County Area Foundation - Marshall Memorial Supporting Found?
Daniel Schutt is the Vice Preside of Paulding County Area Foundation - Marshall Memorial Supporting Found.
Official website here: www.pauldingcountyareafoundation.com
What is the revenue of Paulding County Area Foundation - Marshall Memorial Supporting Found?
Paulding County Area Foundation - Marshall Memorial Supporting Found's revenue in 2023 was $478,395.
Official website here: www.pauldingcountyareafoundation.com
Who are the executives of Paulding County Area Foundation - Marshall Memorial Supporting Found and what are their salaries?
The average compensation at Paulding County Area Foundation - Marshall Memorial Supporting Found during 2023 was $20,156. There are 3 employees at Paulding County Area Foundation - Marshall Memorial Supporting Found.
Here are 5 key members and their salaries:
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- Compensation: $52,000
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- Other: $0
Official website here: www.pauldingcountyareafoundation.com
Where can I find the form 990 for Paulding County Area Foundation - Marshall Memorial Supporting Found?
Paulding County Area Foundation - Marshall Memorial Supporting Found's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.pauldingcountyareafoundation.com
Learn more at the official website: www.pauldingcountyareafoundation.com
Mission Statement of Paulding County Area Foundation - Marshall Memorial Supporting Found
The Paulding County Area Foundation - Marshall Memorial Supporting Found is dedicated to its charitable objective, which involves holding farmlands and utilizing the revenue generated to execute a charitable loan subsidy program. This program aims to assist young farmers in Paulding County. By offering a loan interest subsidy, the organization provides financial assistance to young farmers, either enabling them to enter the farming business or helping them continue their farming ventures. Over the past five fiscal years, the foundation has subsidized loans totaling 911,000 USD in 2019, 961,000 USD in 2020, 922,000 USD in 2021, 1,065,000 USD in 2022, and 815,000 USD in 2023. This initiative by the Paulding County Area Foundation - Marshall Memorial Supporting Found supports the growth and sustainability of young farmers in the community, thereby contributing to the agricultural sector.
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Impact
October, 2024
The Paulding County Area Foundation - Marshall Memorial Supporting Fund significantly impacts the local agricultural community by providing essential financial support to young farmers in Paulding County. Through a charitable loan interest subsidy program, it enables these emerging farmers to access the capital necessary for starting or continuing their farming operations.
Over the past five fiscal years, the program has facilitated substantial loans, totaling $911,000 in 2019, $961,000 in 2020, $922,000 in 2021, $1,065,000 in 2022, and $815,000 in 2023. This financial assistance not only alleviates the burden of high-interest rates but also fosters growth and sustainability in the farming sector, ensuring that young farmers can thrive and contribute to the local food system and economy. By holding farmlands and leveraging the revenues generated from them, the foundation effectively supports this critical workforce, embodying a commitment to the future of agriculture in the region.
This information is meant to be a general summary of Paulding County Area Foundation - Marshall Memorial Supporting Found. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $68,274
- Gross Receipts: $897,984
Assets and Liabilities:
- Total Assets: $5,095,050
- Total Liabilities: $33,413
- Net Assets: $5,061,637
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Organization Details
Founding Year
2000
Phone
(419) 399-3686Principal Officer
Daniel Schutt
Main Address
PO BOX 249, PAULDING, OH, 45879
NTEE Category
Code: K12 - Food
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