THE FOUNDATION FUND

EIN: 874457570 501(c)(3) Human Services

COLUMBUS, OH

Total Revenue
$3,288,266
Total Expenses
$1,015,095
Total Assets
$3,987,530
Net Assets
$3,987,530
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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
OH
Principal Officer
BRIAN SCHOTTENSTEIN
Phone
3123710844
Tax Period
2023-01-01 to 2023-12-31

THE FOUNDATION FUND, founded in 2022, is a community nonprofit in the Human Services sector that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 69% operating margin.

Mission

THE Foundation exists to help community charities. We do this by raising their profile and awareness to help them forge even stronger community partnerships and ultimately raising revenue. Our primary activities include providing brand ambassadors at no cost to the nonprofits. We provide access to Ohio State football and basketball players as brand ambassadors, setting up events that allow the nonprofits to tell their story and reach more people. Additionally, we provide our brand ambassadors to connect with the charities' constituents, helping them increase their profile and providing value to the charities at no cost. Additionally, we seek to forge long-term partnerships with the charities and brand ambassadors. In 2024, we partnered with an LLC to handle any business deals that were not within our exempt purpose to continue to ensure all activites through THE Foundation are according to our exempt purpose.

Program Service Accomplishments

Program 1
Expenses: $737,087 Revenue: $3,280,587

We provided brand ambassadors to raise awareness, increase the profile, and help raise resources for the following community nonprofit partners: LifeTown, Buckeye Cruise for Cancer, A Kid Again...

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We provided brand ambassadors to raise awareness, increase the profile, and help raise resources for the following community nonprofit partners: LifeTown, Buckeye Cruise for Cancer, A Kid Again, After-School All-Stars, Boys and Girls Club, Big Brothers Big Sisters, USO, Nationwide Children's Hospital, and the Columbus Urban League. We had over fifty student-athlete brand ambassadors serving multiple charity partners. Our premiere event was our Summer Gala in August. We partnered with Buckeye Cruise for Cancer to help raise awareness for the James Cancer Hospital. The brand ambassadors spent quality time, signing autographs, throwing the football, and having conversations about leadership. We also had many appearances at Lifetown where our brand ambassadors worked with the kids who would go there to learn life skills. Many of these kids come from under-resourced backgrounds and some are mentally handicapped. Our brand ambassadors volunteered in each simulated store such as a bank, art store, movie theatre, pet shop, doctor's office, and salon. They taught the kids how to budget money, talk to a doctor, and use art in therapeutic ways. The kids love having the brand ambassadors around and they visit multiple times a year. Our Co-founder Cardale Jones had a charity softball game raising money for Ohio State's The James Cancer Center. Our brand ambassadors attended the game, signed autographs, and interacted with cancer patients. It was a meaningful experience for everyone who attended. We have also had the Boys and Grisl Club and USO visit our brand ambassadors during practice. We had a football free kids football camp as well hosted by THE Foundation and our brand ambassadors played football with kids who are underprivileged. Many of our brand ambassadors visit the Nationwide Children's hospital on a frequent basis and they worked with the kids during The Memorial Golf Tournament at a golf clinic with Jack Nicklaus. We also hosted a Summer Big Brothers Big Sisters basketball shootout with our brand ambassadors. During Christmas, we had a gift-wrapping and delivery project by our brand ambassadors to kids who are terminally ill through the A Kid Again charity partner. This was a great way for our brand ambassadors to get out in the community and put a smile on many kids' faces. Our programs have already helped so many kids who, despite their struggles, look up to our brand ambassadors and we give them the opportunity to be together. Our brand ambassadors also love this experience as well. In addition to serving the nonprofit partners, we teach our brand ambassadors business and life skills including branding, marketing, accounting, contracts, taxes, and the importance of giving back to their community. Our ultimate mission is to forge life-long relationships between our brand ambassadors and our charity partners creating a lifetime of impact.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,280,587
Program Service Revenue $0
Investment Income $7,679
Other Revenue $0
TOTAL REVENUE $3,288,266

Expense Breakdown

Grants Paid $0
Salaries & Benefits $69,656
Fundraising Expenses $252,864
Program Expenses $737,087
Other Expenses $945,439
TOTAL EXPENSES $1,015,095

Year-over-Year Comparison

2023 2022 Change
Revenue $3,288,266 $2,402,676 +0.4%
Expenses $1,015,095 $688,317 +0.5%
Net Income $2,273,171 $1,714,359 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
101

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
3
$69,565
Total Directors
3
$69,565
Key Employees
3
$69,565
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cardale Jones Vice Chairman 30
Officer Director Key Emp Highest
$69,565 $0 $69,565
Brian Schottenstein Chairman 30
Officer Director Key Emp
$0 $0 $0
Michael Gogis Treasurer and Secretary 4
Officer Director Key Emp
$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
2024 No data No data No data No data
2023 $3,288,266 $1,015,095 $3,987,530 $2,273,171
2022 $2,402,676 $688,317 $1,851,859 $1,714,359
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