OGLEBAY PARK-OGLEBAY INSTITUTE TRUST

EIN: 341229414 501(c)(3)

BROOKLYN, OH

Total Revenue
$253,467
Total Expenses
$509,929
Total Assets
$7,030,764
Net Assets
$7,030,764
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
OH
Phone
2166895617
Tax Period
2024-01-01 to 2024-12-31

OGLEBAY PARK-OGLEBAY INSTITUTE TRUST, founded in 1977, is a small nonprofit that reported $253K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $510K exceeded revenue, resulting in a 101% operating deficit.

Mission

GRANTS ARE MADE ACCORDING TO TRUST AGREEMENT DATED JULY 28, 1977.KEYBANK, AS TRUSTEE MAKES DISTRIBUTIONS AS FOLLOWS 100% TO THE OGLEBAY FOUNDATION FOR THE PRESERVATION AND MAINTENANCE AND ENHANCEMENT OF THE MANSION MUSEUM AT OGLEBAY PARK AND THE SUPPORT OF THE CULTURAL ACTIVITIES AND OUTDOOR NATURE AND RECREATION PROGRAMS OF OGLEBAY INSTITUTE AT OGLEBAY PARK. KEYBANK IS RESPONSIVE TO THE NEEDS AND ACTIVITIES OF THE OF THE OGLEBAY FOUNDATION IN THE ATTAINMENT OF ITS MISSION. PLEASE NOTE THE RECIPIENT ORGANIZATION HAS THE RIGHT TO REMOVE THE TRUSTEE AND THE AUTHORITY TO DIRECT OR APPROVE INVESTMENTS AND THE TRUSTEE HAS THE AUTHORITY TO AMEND THE DOCUMENT TO ENSURE THE CONTINUATION TO QUALIFY AS 509A3. KEYBANK MAINTAINS A RESPONSIVENESS TO THE NEEDS AND ACTIVITIES OF EACH BENEFICIARY ORGANIZATION IN THE ATTAINMENT OF ITS MISSION

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $253,467
Other Revenue $0
TOTAL REVENUE $253,467

Expense Breakdown

Grants Paid $428,000
Salaries & Benefits $74,189
Fundraising Expenses $0
Program Expenses $428,000
Other Expenses $7,740
TOTAL EXPENSES $509,929

Year-over-Year Comparison

2024 2023 Change
Revenue $253,467 $301,066 -0.2%
Expenses $509,929 $566,258 -0.1%
Net Income $-256,462 $-265,192 0.0%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
1
$24,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBORAH Z READ CO-TRUSTEE 2.0
Director
$24,000 $0 $24,000
N/A CO-TRUSTEE 2.0
$50,189 $0 $50,189
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $253,467 $509,929 $7,030,764 $-256,462
2023 $301,066 $566,258 $7,286,973 $-265,192
2022 $609,601 $233,278 $7,552,243 $376,323
2021 $2,351,377 $304,125 $7,176,575 $2,047,252
2020 $1,104,487 $201,014 $5,129,641 $903,473
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