Mansfield-Richland Area Educational Foundation Inc

EIN: 341312689 501(c)(3) Social Science

Mansfield, OH

Total Revenue
$172,848
Total Expenses
$192,401
Total Assets
$575,460
Net Assets
$575,460
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
OH
Principal Officer
Angela Cirone
Phone
4195223211
Tax Period
2024-07-01 to 2025-06-30

Mansfield-Richland Area Educational Foundation Inc, founded in 1980, is a small nonprofit in the Social Science sector that reported $173K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $192K exceeded revenue, resulting in a 11% operating deficit.

Mission

The Mansfield Richland Area Educational Foundation was incorporated June 16, 1980 by the Mansfield Richland Area Chamber & Economic Development to foster economic understanding, financial literacy and other areas for the benefit of Richland County. Mission Statement: The Mansfield Richland Area Educational Foundation's mission is to invest in our community's future success through impactful educational opportunities for both adults and youth focusing on leadership development, economics, and entrepreneurship.

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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 $97,131
Program Service Revenue $61,050
Investment Income $13,843
Other Revenue $824
TOTAL REVENUE $172,848

Expense Breakdown

Grants Paid $0
Salaries & Benefits $91,131
Fundraising Expenses $200
Program Expenses $178,615
Other Expenses $101,270
TOTAL EXPENSES $192,401

Year-over-Year Comparison

2024 2023 Change
Revenue $172,848 $189,054 -0.1%
Expenses $192,401 $128,083 +0.5%
Net Income $-19,553 $60,971 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
16

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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jennifer Alt Director 0.75
Director
$0 $0 $0
Mary Frankenfield Director 0.75
Director
$0 $0 $0
Susie Danuloff Director 0.75
Director
$0 $0 $0
Kevin Vargyas Director 0.75
Director
$0 $0 $0
Beth Myers Director 0.75
Director
$0 $0 $0
Gary George Director 0.75
Director
$0 $0 $0
Kristine Lindeman Director 0.75
Director
$0 $0 $0
Jay Goyal Director 0.75
Director
$0 $0 $0
Ellen Heinz Director 0.75
Director
$0 $0 $0
Kevin Kimmel Chair 0.75
Officer
$0 $0 $0
DJ Daniels Treasurer 0.75
Officer
$0 $0 $0
Christen Dingess Vice Chair 0.75
Officer
$0 $0 $0
Angela Cirone Foundation Dir 40.00
Officer
$0 $0 $0
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
2025 $172,848 $192,401 $575,460 $-19,553
2024 $189,054 $128,083 $549,157 $60,971
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