Adopt A Class Foundation
- Assets
- $452.9k
- Revenue
- $424.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Cincinnati, OH
- Founding
- 11/2006
- Data as of
- 06/2022
- EIN
- 20-2587299
Organization Overview
Adopt A Class Foundation is located in Cincinnati, OH. The organization was established in 2006. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Adopt A Class Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adopt A Class 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 06/2022, Adopt A Class Foundation generated $424.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $385.8k during the year ending 06/2022. While expenses have increased by 12.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF ADOPT A CLASS IS TO CONNECT BUSINESSES AND CIVIC GROUPS WITH STUDENTS FROM UNDERSERVED COMMUNITIES TO INCREASE KNOWLEDGE OF CAREER OPPORTUNITIES AND EXPAND THEIR HORIZONS WITH CLEARER SELF-VISION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATED FUNDS WERE USED TO DEVELOP AND IMPLEMENT PROGRAMMING THAT CONNECTS BUSINESSES AND CIVIC GROUPS WITH STUDENTS TO INSPIRE A CORPORATE CULTURE OF TEAMWORK AND PHILANTHROPY AND A HOPE AND A FUTURE VISION OF WHAT IS POSSIBLE FOR THE YOUTH IN OUR COMMUNITY. THROUGH PROGRAMMING MORE THAN 2,200 VOLUNTEERS SERVED IN 190 CLASSROOMS AND REACHED OVER 5,000 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sonya Fultz Executive Director | Officer | 40 | $102,088 |
Jim Sullivan Treasurer | OfficerTrustee | 4 | $0 |
Jason Partin Director | OfficerTrustee | 4 | $0 |
Allison Goico Secretary | OfficerTrustee | 4 | $0 |
Keith Moran Director | Trustee | 4 | $0 |
Patty Nagelkirk Director | Trustee | 4 | $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 | $418,775 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $418,775 |
| Total Program Service Revenue | $4,192 |
| Investment income | $1,640 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $424,607 |
| 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. | $116,652 |
| Compensation of current officers, directors, key employees. | $15,711 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $184,899 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,870 |
| Payroll taxes | $20,846 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,686 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,972 |
| Advertising and promotion | $0 |
| Office expenses | $6,540 |
| Information technology | $13,186 |
| Royalties | $0 |
| Occupancy | $4,559 |
| Travel | $759 |
| 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 | $0 |
| All other expenses | $2,903 |
| Total functional expenses | $385,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,239 |
| Savings and temporary cash investments | $322,232 |
| Pledges and grants receivable | $6,000 |
| Accounts receivable, net | $435 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $452,906 |
| Accounts payable and accrued expenses | $23,335 |
| 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 | $23,335 |
| Net assets without donor restrictions | $308,201 |
| Net assets with donor restrictions | $121,370 |
| 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 | $452,906 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Adopt A Class Foundation has recieved totaling $170,600.
| Awarding Organization | Amount |
|---|---|
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $50,950 |
Johnson Charitable Gift Fund Cincinnati, OH PURPOSE: GENERAL FUND | $39,250 |
Hcs Foundation Cleveland, OH PURPOSE: FIRST INSTALLMENT TO RECRUIT AND TRAIN ADDITIONAL MENTOR TEAMS AND SUPPORT NEW AND LAPSED TEAM TRAININGS AND ENGAGEMENT, PERSONNEL, PROGRAM COSTS, TECHNOLOGY, AND MONITORING AND EVALUATION. | $25,000 |
United Way Of Greater Cincinnati Cincinnati, OH PURPOSE: Program Operating Cost | $17,200 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $15,000 |
Horizon Community Funds Of Northern Kentucky Inc Covington, KY PURPOSE: General Support | $6,000 |
Endowment Analysis
| Beg. Balance | $53,488 |
| Earnings | -$18,854 |
| Admin Expense | $531 |
| Net Contributions | $90,590 |
| Ending Balance | $124,693 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Project Lead The Way Inc Indianapolis, IN | $104,347,608 | $65,462,690 |
Educational Commission For Foreign Medical Graduates Philadelphia, PA | $218,692,756 | $72,786,979 |
Summit Academy Management Akron, OH | $25,217,091 | $45,520,259 |
Ohio Connections Academy Inc Mason, OH | $14,548,496 | $44,580,487 |
Lighthouse Academies Of Northwest Indiana Inc Gary, IN | $25,011,234 | $24,142,982 |
Camc Health Education And Research Institute Inc Charleston, WV | $10,132,150 | $15,955,209 |
Childrens Center For Developmental Enrichment Westerville, OH | $12,309,399 | $12,926,419 |
Ecumenical Community Hershey, PA | $4,358,759 | $9,348,993 |
Edchoice Inc Indianapolis, IN | $20,542,454 | $10,117,129 |
Teachers Treasures Inc Indianapolis, IN | $1,070,406 | $9,359,257 |
Rev1 Ventures Columbus, OH | $21,187,153 | $10,381,705 |
Integrity Educational Services Grand Rapids, MI | $1,165,431 | $9,051,642 |