St Sebastian Parish Foundation
- Assets
- $6.0m
- Revenue
- $578.6k
- Investments
- $5.9m
- Employees
- 0
- Location
- Akron, OH
- Founding
- 10/1973
- Data as of
- 06/2021
- EIN
- 23-7115850
Organization Overview
St Sebastian Parish Foundation is located in Akron, OH. The organization was established in 1973. According to its NTEE Classification (T30) the organization is classified as: Public 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. St Sebastian Parish 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 06/2021, St Sebastian Parish Foundation generated $578.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $521.7k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES OPERATING AND CAPITAL FUNDS USEDBY SAINT SEBASTIAN CHURCH AND RELATED ELEMENTARY SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT TO ST. SEBASTIAN PARISH AND ST. SEBASTIAN SCHOOL.
PAYMENTS TO ST SEBASTIAN PARISH FOR DAILY OPERATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Valencheck Secretary | OfficerTrustee | 10 | $0 |
Ken Contrera Treasurer | OfficerTrustee | 10 | $0 |
Heide Heinle President | OfficerTrustee | 10 | $0 |
Patrick L O'neill Trustee | Trustee | 5 | $0 |
Tim Beringer Trustee | Trustee | 5 | $0 |
Tim Delmedico Trustee | Trustee | 5 | $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 | $428,847 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $428,847 |
| Total Program Service Revenue | $0 |
| Investment income | $108,385 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $41,323 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $578,555 |
| 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 | $153,310 |
| Pension plan accruals and contributions | $9,691 |
| Other employee benefits | $0 |
| Payroll taxes | $13,261 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,740 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,346 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,251 |
| Office expenses | $0 |
| 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 | $5,944 |
| All other expenses | $2,295 |
| Total functional expenses | $521,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,962 |
| Savings and temporary cash investments | $3,034 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $5,893,271 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,985,267 |
| 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 | $0 |
| 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 | $5,985,267 |
| Total liabilities and net assets/fund balances | $5,985,267 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that St Sebastian Parish Foundation has recieved totaling $37,239.
| Awarding Organization | Amount |
|---|---|
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $19,989 |
Basil J & Anne L Scafidi Char Tr 10021978 Columbus, OH PURPOSE: GENERAL OPERATING | $6,500 |
Louis B & Joan M Perry Familyfoundation Wadsworth, OH PURPOSE: PROGRAM AND OPERATIONAL SUPPORT | $5,000 |
H E Graves Family Foundation Inc Copley, OH PURPOSE: GENERAL OPERATING SUPPORT | $4,000 |
Beck Family Foundation Akron, OH PURPOSE: DONATION | $1,000 |
Raymond R And Martha G Wernig Foundation Inc Omaha, NE PURPOSE: ROMAN CATHOLIC PARISH | $250 |
Endowment Analysis
| Beg. Balance | $2,959,337 |
| Earnings | $149,708 |
| Net Contributions | $428,847 |
| Other Expense | $1,040,649 |
| Ending Balance | $2,497,243 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Cincinnati Foundation Cincinnati, OH | $616,325,698 | $119,970,948 |
Johnson Charitable Gift Fund Cincinnati, OH | $240,192,248 | $106,272,377 |
Young Mens Christian Association Of Greater Cincinnati Cincinnati, OH | $89,901,831 | $29,563,808 |
Independent Charitable Gift Fund Hudson, OH | $203,452,465 | $150,370,213 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
Communtiy Foundation Of The Holland Zeeland Area Holland, MI | $102,848,837 | $16,439,772 |
Pittsburgh Promise Foundation Pittsburgh, PA | $59,585,111 | $15,082,951 |
Pennsylvania Ems Provider Foundation Harrisburg, PA | $55,116 | $0 |
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |
Comerica Charitable Tr Detroit, MI | $75,789,432 | $13,296,605 |