Keybank Foundation
- Assets
- $2.7m
- Revenue
- $14.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 10/1969
- Data as of
- 12/2021
- EIN
- 23-7036607
Organization Overview
Keybank Foundation is located in Cleveland, OH. The organization was established in 1969. According to its NTEE Classification (O51) the organization is classified as: Youth Community Service Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keybank 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 12/2021, Keybank Foundation generated $14.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 52.4% each year . All expenses for the organization totaled $26.8m during the year ending 12/2021. While expenses have increased by 19.4% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Fiala Vice President, Trustee | 1 | $0 | |
Trina Evans President, Trustee | 1 | $0 | |
Douglas Schosser Treasurer, Trustee | 1 | $0 | |
Elizabeth Gurney Ceo, Cob, Trustee | 1 | $0 | |
Gideon M Hart Secretary | 1 | $0 | |
Eric Brown Senior Program Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,699,989 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,219 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,221,329 |
| Capital Gain Net Income | $6,230,247 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,509 |
| Total Revenue | $14,938,046 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,088 |
| Total operating and administrative expenses | $12,390 |
| Contributions, gifts, grants paid | $26,764,497 |
| Total expenses and disbursements | $26,776,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,113 |
| Savings and temporary cash investments | $2,410,687 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,694,800 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Keybank Foundation has awarded $26,764,497 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CONTRIBUTIONS (DETAIL STATEMENT) PURPOSE: SEE ATTACHED | $25,660,656 |
MATCHING GIFTS (DETAIL STATEMENT) PURPOSE: SEE ATTACHED | $947,341 |
COMMUNITY LEADERSHIP (DETAIL STATEMENT) PURPOSE: SEE ATTACHED | $156,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Keybank Foundation Cleveland, OH | $2,694,800 | $14,938,046 |
Eles Place Inc Lansing, MI | $13,183,044 | $3,078,933 |
Key Club International Indianapolis, IN | $3,444,949 | $2,129,534 |
Key Opportunities Inc Hillsdale, MI | $13,201,695 | $2,958,988 |
Need In Deed Philadelphia, PA | $1,174,484 | $716,384 |
Circle K International Inc Indianapolis, IN | $340,733 | $577,347 |
Optimist International Dayton, OH | $279,086 | $317,055 |
Optimist International Columbus, OH | $27,504 | $0 |
Optimist International Plainfield, IN | $160,963 | $373,314 |
Marshall Cleveland Fund Ta Brooklyn, OH | $4,938,066 | $694,196 |
See Kids Dream Columbus, OH | $44,497 | $261,445 |
Optimist International Morehead, KY | $561,814 | $397,054 |