Civic Intelligence

Egbert M Freese Foundation

EIN 34-1901855 • 501(c)3 • Galion, OH

Profile

The Egbert M. Freese Foundation is organized and will be operated exclusively for charitable, education, religious, literary or scientific purposes including seven-eighths of the annual income shall be used for the upkeep and maintenance of City of Galion facilities, including by not limited to parks, that benefit the people of the city of Galion. One-eighth of the annual net income shall be held, managed and disposed of as scholarships for residents of the City of Galion who are high school graduates seeking post-secondary school education and training.

126 S Market StGalion, OH 44833

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

9th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

10th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

83rd percentile

35%

Higher net margin than 83% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

31st percentile

-0.8%

Faster asset growth than 31% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2024

Revenue Growth

40th percentile

2.5%

Faster revenue growth than 40% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2024

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$9,530,614

Up $328,517 (+3.6%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$9,530,614

Up $328,517 (+3.6%) from 2023

Operations
Liabilities / Revenue10th percentileNet Margin83rd percentile

Revenue

Up

$933,693

Up $529,246 (+131%) from 2023

Expenses

Up

$611,176

Up $7,618 (+1.3%) from 2023

Net Income

Up

$322,517

Up $521,628 (+262%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth31st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2021: $9,775,286Liabilities 2021: $0Net Assets 2021: $9,775,2862021Assets 2022: $9,400,829Liabilities 2022: $0Net Assets 2022: $9,400,8292022Assets 2023: $9,202,097Liabilities 2023: $0Net Assets 2023: $9,202,0972023Assets 2024: $9,530,614Liabilities 2024: $0Net Assets 2024: $9,530,6142024

Highlighted filing

2024

Assets$9,530,614
Liabilities$0
Net Assets$9,530,614
Open 2024 Filing

Operations Trend

Revenue Growth40th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2021: $868,185Expenses 2021: $634,165Net Income 2021: $234,0202021Revenue 2022: $222,069Expenses 2022: $596,464Net Income 2022: -$374,3952022Revenue 2023: $404,447Expenses 2023: $603,558Net Income 2023: -$199,1112023Revenue 2024: $933,693Expenses 2024: $611,176Net Income 2024: $322,5172024

Highlighted filing

2024

Revenue$933,693
Expenses$611,176
Net Income$322,517
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,530,614
Liabilities
$0
Net assets
$9,530,614
Revenue
$933,693
Expenses
$611,176
Net income
$322,517
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.53$0.00$9.53$0.93$0.61$0.32
2023Detailed filing. Detailed filing data is available for this year.$9.20$0.00$9.20$0.40$0.60$0.20
2022Detailed filing. Detailed filing data is available for this year.$9.40$0.00$9.40$0.22$0.60$0.37
2021Detailed filing. Detailed filing data is available for this year.$9.78$0.00$9.78$0.87$0.63$0.23
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 28, 2025
Return Version
2024v5.2
Gross Receipts
$3,569,889
Mission and Program Overview

Mission

The Egbert M. Freese Foundation is organized and will be operated exclusively for charitable, education, religious, literary or scientific purposes including seven-eighths of the annual income shall be used for the upkeep and maintenance of City of Galion facilities, including by not limited to parks, that benefit the people of the city of Galion. One-eighth of the annual net income shall be held, managed and disposed of as scholarships for residents of the City of Galion who are high school graduates seeking post-secondary school education and training.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,202,097$9,530,614▲ $328,517
Cap Stk Tr Prin Current Funds$9,202,097$9,530,614▲ $328,517
Total Assets$9,202,097$9,530,614▲ $328,517
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$9,202,097$9,530,614▲ $328,517
Total Liabilities and Net Assets / Fund Balance$9,202,097$9,530,614▲ $328,517
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Grant B GarverickPresident
Heath WatkinsVice Chairman
Erik FlickCo-treasurer
William SteproCo-treasurer
Jennifer KunsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$933,693
Other Revenue
$0
Change in Net Assets
$322,517
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$545,482
Other Expenses$65,694
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$474,982--$474,982
Grants to Domestic Individuals$70,500--$70,500
Fees for Service Investment Mgmnt Fees-$59,353-$59,353
All Other Expenses-$5,291-$5,291
Fees for Services Accounting-$1,050-$1,050
Total Functional Expenses$545,482$65,694$0$611,176
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of GalionGalion, OH170(b)(1)(A)(V)Upkeep and maintenance of City of Galion facilities.$474,982
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Line 12A

“No conflict of interest policy exists for the egbert freesefoundation. .”

Part VI, Line 14

“The trust has no written document retention or destruction policy.keyb ank, paid preparer for the egbert m freese foundation has a corporate ducument retention and destruction policy.”

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 1A

“Members of the board of trustees for the egbert m. Freese foundation have the power to vote on all matters that may come before the board of trustees.”

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8A

“Egbert M Freese Board documents all meetings and written actions taken during the year.”

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8B

“Egbert M Freese Board documents all meetings and written actions taken during the year.”

Form 990, Page 6, Part VI, Line 11-description of Process for Review

“Returns are prepared by keybank, paid preparer of the egbert m freese foundation. The completed return is submitted to the trustee for final review before filing the return.”

Form 990, Page 6, Part VI, Line 19

“Documents are available upon request by mail or by phone to the Board of Trustees of The Egbert Freese Foundation.”

Filing and Contact Details

Filer

Filer Name
Egbert M Freese Foundation
EIN
34-1901855
Phone
2166897663
Address
126 S MARKET ST, GALION, OH 44833

Signing Officer

Name
Grant B Garverick
Title
President
Phone
2166897663
Signed
2025-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Grant B Garverick Trustee
Formed
1999
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
0
Employees
0

Preparer

Firm
Pwc US Tax Llp
Address
4300 E CAMELBACK ROAD STE 475, PHOENIX, AZ 85018
Preparer
Jeffrey E Kuhlin
Phone
4123556000
Supplemental Narrative

Additional Explanations

Explanation for Form 990, Part XI, Line 9

“Grant recovery $6,250, py roc adjustment ($258), rounding $8”

Raw XML AppendixShowing 400 of 435 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The Egbert M. Freese Foundation is organized and will be operated exclusively for charitable, education, religious, literary or scientific purposes including seven-eighths of the annual income shall be used for the upkeep and maintenance of City of Galion facilities, including by not limited to parks, that benefit the people of the City of Galion.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1Annual grants are made to the City of Galion in amounts as determined by the Board of Trustees for distributions in a particular calendar year. One-eighths of the annual net income shall be held, managed and disposed of as scholarships for residents of the City of Galion who are high school graduates seeking post-secondary school education and training.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART V, Section D, Line 8
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, Section D, Line 3
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/CurrentYearAmt011841505
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/PriorYearAmt010239156
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/CurrentYearAmt0417048
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/CurrentYearAmt011424457
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/PriorYearAmt010239156
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/CurrentYearAmt0177623
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/PriorYearAmt0153587
IRS990ScheduleA/MinimumAssetAmountGrp/DiscountClaimedAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/CurrentYearAmt011663882
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/PriorYearAmt010085569
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/CurrentYearAmt0408236
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/PriorYearAmt0352995
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/CurrentYearAmt011841505
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/PriorYearAmt010239156
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/CurrentYearAmt0408236
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/PriorYearAmt0352995
IRS990ScheduleA/OtherSupportSumAmt00
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IRS990ScheduleA/SupportedOrganizationsTotalCnt01
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0474982
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0THE CITY OF GALION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3NonFuncInd0X
IRS990ScheduleA/SupportSumAmt0474982
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt070500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIP
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt021
IRS990ScheduleI/RecipientTable/CashGrantAmt0474982
IRS990ScheduleI/RecipientTable/IRCSectionDesc0170(b)(1)(A)(V)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Upkeep and maintenance of City of Galion facilities.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CITY OF GALION
IRS990ScheduleI/RecipientTable/RecipientEIN0346400545
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0301 HARDING WAY E
IRS990ScheduleI/RecipientTable/USAddress/CityNm0GALION
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OH
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd044833
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Funds for student scholarships are conditioned upon the student maintaining a 3.0 grade point average and any failure of student to attend college, drop outs, etc. require the respective school or university to return the unused portion of funds to Key Bank Trust to be reapplied in the Egbert M. Freese funds.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO CONFLICT OF INTEREST POLICY EXISTS FOR THE EGBERT FREESEFOUNDATION. .
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TRUST HAS NO WRITTEN DOCUMENT RETENTION OR DESTRUCTION POLICY.KEYB ANK, PAID PREPARER FOR THE EGBERT M FREESE FOUNDATION HAS A CORPORATE DUCUMENT RETENTION AND DESTRUCTION POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS OF THE BOARD OF TRUSTEES FOR THE EGBERT M. FREESE FOUNDATION HAVE THE POWER TO VOTE ON ALL MATTERS THAT MAY COME BEFORE THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Egbert M Freese Board documents all meetings and written actions taken during the year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Egbert M Freese Board documents all meetings and written actions taken during the year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5RETURNS ARE PREPARED BY KEYBANK, PAID PREPARER OF THE EGBERT M FREESE FOUNDATION. THE COMPLETED RETURN IS SUBMITTED TO THE TRUSTEE FOR FINAL REVIEW BEFORE FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Documents are available upon request by mail or by phone to the Board of Trustees of The Egbert Freese Foundation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GRANT RECOVERY $6,250, PY ROC ADJUSTMENT ($258), ROUNDING $8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI LINE 12A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, LINE 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7EXPLANATION FOR FORM 990, PART XI, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CITY OF GALION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0346400545
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0GOVERNMENTAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170(b)(1)(A)(v)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0301 HARDING WAY E
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0GALION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd044833
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
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IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
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IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
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IRS990/SchoolOperatingInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt09202097
IRS990/TotalAssetsEOYAmt09530614
IRS990/TotalAssetsGrp/BOYAmt09202097
IRS990/TotalAssetsGrp/EOYAmt09530614
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt065694
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0545482
IRS990/TotalFunctionalExpensesGrp/TotalAmt0611176
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09202097
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09530614
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0545482
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0933693
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0933693
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09202097
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09530614
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0126 South Market Street
IRS990/USAddress/CityNm0Galion
IRS990/USAddress/StateAbbreviationCd0OH

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