Stephen A Comunale Jr Charitable Foundation
- Assets
- $5.2m
- Revenue
- $1.8m
- Investments
- $4.8m
- Employees
- 0
- Location
- Akron, OH
- Founding
- 10/2006
- Data as of
- 12/2023
- EIN
- 20-4345267
Organization Overview
Stephen A Comunale Jr Charitable Foundation is located in Akron, OH. The organization was established in 2006. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stephen A Comunale Jr Charitable 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 12/2023, Stephen A Comunale Jr Charitable Foundation generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $1.0m during the year ending 12/2023. While expenses have increased by 12.5% per year over the past 9 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.
Since 2015, Stephen A Comunale Jr Charitable Foundation has awarded 109 individual grants totaling $2,452,933. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SEEKS TO EASE THE EMOTIONAL STRESS, PHYSICAL DISCOMFORT, AND HEAVY BURDENS THAT CONFRONT CANCER VICTIMS AND THEIR FAMILIES THROUGH FINANCIAL ASSISTANCE WITH LIVING EXPENSES. THE FOUNDATION PROVIDED FINANCIAL ASSISTANCE TO APPROXIMATELY 5,000 INDIVIDUALS IN 2023.
THE FOUNDATION FUNDS AND EXECUTES SOCIAL PROGRAMS FOR CHILDREN AFFECTED BY CANCER, INCLUDING ART AND HORSE CAMPS, BACK TO SCHOOL ASSISTANCE. THE FOUNDATION'S PROGRAMS SERVED APPROXIMATELY 350 INDIVIDUALS IN 2023.
THE FOUNDATION PROVIDES TOTE BAGS CONTAINING VARIOUS COMFORT ITEMS, CALLED SUNSHINE BAGS, TO NEWLY DIAGNOSED CANCER PATIENTS THROUGH AREA HOSPITALS. APPROXIMATELY 660 SUNSHINE BAGS WERE DISTRIBUTED IN 2023
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Comunale President | 5 | $0 | |
Amanda Comunale Vice Chairman | 1 | $0 | |
Monica Stevens Executive Director | 40 | $77,890 | |
Stephen Comunale Chairman | 1 | $0 | |
Julie Deane Director | 1 | $0 | |
Nicholas George Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,625,680 |
| Interest on Savings | $0 |
| Dividends & Interest | $138,534 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,516 |
| Capital Gain Net Income | $1,516 |
| Net ST Capital Gain | $61,197 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,765,730 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $88,735 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $10,394 |
| Interest | $0 |
| Taxes | $9,211 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,021 |
| Printing and publications | $2,041 |
| Other expenses | $593,818 |
| Total operating and administrative expenses | $716,408 |
| Contributions, gifts, grants paid | $317,520 |
| Total expenses and disbursements | $1,033,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $196,771 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $122,800 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,223 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $631,251 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $21,083 |
| Total assets | $5,168,596 |
| Accounts payable and accrued expenses | $21,137 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $21,137 |
Grants Awarded
Over the last fiscal year, Stephen A Comunale Jr Charitable Foundation has awarded $317,520 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
AKRON COMMUNITY FOUNDATION PURPOSE: HEALTH/HUMAN SERVICES AND EDUCATION | $150 |
AKRON ROTARY CLUB PURPOSE: EDUCATION | $250 |
AMERICAN CANCER SOCIETY PURPOSE: HEALTH/HUMAN SERVICES AND EDUCATION | $2,000 |
COPLEY FAIRLAWN SCHOOL FOUNDATION PURPOSE: SCHOLARSHIP FUNDS | $1,000 |
FALLS CANCER CLUB PURPOSE: HEALTH AND HUMAN SERVICES | $1,500 |
FOUR LEAF CLOVER RUN PURPOSE: HEALTH/HUMAN SERVICES AND EDUCATION | $400 |