Friends Of The Poor Clares Foundation
- Assets
- $647.9k
- Revenue
- $97.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Fairview Park, OH
- Founding
- 03/1946
- Data as of
- 12/2019
- EIN
- 20-0991288
Organization Overview
Friends Of The Poor Clares Foundation is located in Fairview Park, OH. The organization was established in 1946. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Friends Of The Poor Clares Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2019, Friends Of The Poor Clares Foundation generated $97.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 25.6% each year . All expenses for the organization totaled $5.2k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AWARENESS OF AND TO PROMOTE THE MISSION AND THE WORK OF THE MONASTERY OF THE POOR CLARES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVEMENT TO THE FACILITIES OF THE POOR CLARES ACCORDING TO THE MISSION OF THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Grillo President | OfficerTrustee | $0 | |
James Mayer Secretary | OfficerTrustee | $0 | |
Terrance Mccormick Treasurer | OfficerTrustee | $0 | |
Thomas Gleason Director | Trustee | $0 | |
Jill Grillo Director | Trustee | $0 | |
Daniel Jenks Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,615 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,615 |
| Total Program Service Revenue | $0 |
| Investment income | $57,003 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $26,969 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $97,587 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,434 |
| Advertising and promotion | $0 |
| Office expenses | $73 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $127 |
| All other expenses | $0 |
| Total functional expenses | $5,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,648 |
| Savings and temporary cash investments | $203,267 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $364,992 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $647,907 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $647,907 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $647,907 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of The Poor Clares Foundation has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
The Maureen And Stanley Moore Family Foundation Westlake, OH PURPOSE: GENERAL PURPOSES | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carson-Myre Charitable Foundation Paducah, KY | $72,587,857 | $8,781,396 |
John Joseph Sigstein Foundation Inc Huntington, IN | $0 | $2,327,854 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |
Joseph And Marion Wesley Family Foundation Philadelphia, PA | $658,173 | $9,365,078 |
Herrick Foundation Detroit, MI | $135,749,323 | $10,836,296 |
Wexner Foundation New Albany, OH | $6,442,852 | $9,976,190 |
Arete Foundation Philadelphia, PA | $69,704,325 | $5,927,114 |
The Samuel And Jean Frankel Fine Arts Foundation Bloomfield Hills, MI | $136,493,173 | $6,844,673 |
Bill & Julia Van Domelen Foundation Kalamazoo, MI | $132,053,109 | $12,849,321 |
Hcs Foundation Cleveland, OH | $105,976,263 | $7,902,405 |
Manoogian Simone Foundation Dearborn, MI | $47,087,292 | $4,923,874 |
Consumers Energy Foundation Jackson, MI | $77,869,075 | $10,169,744 |