Erie Community Foundation
- Assets
- $332.7m
- Revenue
- $68.7m
- Investments
- $146.1m
- Employees
- 19
- Location
- Erie, PA
- Founding
- 03/1959
- Data as of
- 12/2022
- EIN
- 25-6032032
Organization Overview
Erie Community Foundation is located in Erie, PA. The organization was established in 1959. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Erie Community Foundation employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Erie Community 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 12/2022, Erie Community Foundation generated $68.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $23.3m during the year ending 12/2022. While expenses have increased by 5.4% per year over the past 8 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 2014, Erie Community Foundation has awarded 2,241 individual grants totaling $143,430,958. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ERIE COMMUNITY FOUNDATION WORKS TO IMPROVE THE QUALITY OF LIFE FOR ALL IN OUR REGION BY EVALUATING AND ADDRESSING COMMUNITY ISSUES, BUILDING PERMANENT CHARITABLE ENDOWMENTS, AND BY PROMOTING PHILANTHROPIC AND COMMUNITY LEADERSHIP.
Describe the Organization's Program Activity:
THE ERIE COMMUNITY FOUNDATION (FOUNDATION) IS A PUBLIC CHARITY PRIMARILY SERVING DONORS AND THE NONPROFIT SECTOR IN ERIE COUNTY, PENNSYLVANIA. THE FOUNDATION ENCOURAGES THE ESTABLISHMENT OF NEW CHARITABLE ENDOWMENT FUNDS AND PROVIDES COMPETITIVE, DONOR-ADVISED DESIGNATED AND SCHOLARSHIP GRANTS TO ARTS AND CULTURE, COMMUNITY DEVELOPMENT, EDUCATION, HEALTH, NEIGHBORHOOD REVITALIZATION AND HUMAN SERVICE ORGANIZATIONS. THE FOUNDATION ALSO PROVIDES A DONOR EDUCATION PROGRAM. SUBSTANTIALLY ALL CONTRIBUTIONS RECEIVED ARE FROM INDIVIDUALS WITH TIES TO ERIE COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne L Lewis Trustee | Trustee | 1 | $0 |
Marcus Atkinson Trustee | Trustee | 1 | $0 |
Charles Knight CPA Trustee | Trustee | 1 | $0 |
Dr Donald Baxter Trustee | Trustee | 1 | $0 |
Robin Scheppner Trustee | Trustee | 1 | $0 |
William Hilbert Jr Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kidder Jefferys Construction Llc 453 W. 6th Building Renovation | 12/30/22 | $1,012,471 |
Cambridge Associates Llc Investment Consulting | 12/30/22 | $292,450 |
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 | $56,366,138 |
| Noncash contributions included in lines 1a–1f | $563,289 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,366,138 |
| Total Program Service Revenue | $383,672 |
| Investment income | $2,575,211 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,276,933 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $68,689,242 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,055,562 |
| Grants and other assistance to domestic individuals. | $662,991 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $551,640 |
| Compensation of current officers, directors, key employees. | $208,004 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $922,812 |
| Pension plan accruals and contributions | $57,639 |
| Other employee benefits | $174,782 |
| Payroll taxes | $110,368 |
| Fees for services: Management | $105,821 |
| Fees for services: Legal | $104 |
| Fees for services: Accounting | $89,299 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,719,587 |
| Fees for services: Other | $0 |
| Advertising and promotion | $122,434 |
| Office expenses | $38,726 |
| Information technology | $67,680 |
| Royalties | $0 |
| Occupancy | $96,798 |
| Travel | $1,991 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $105,677 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $207,953 |
| Insurance | $28,000 |
| All other expenses | $0 |
| Total functional expenses | $23,282,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,925,328 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $69,485 |
| 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 | $73,017 |
| Net Land, buildings, and equipment | $4,485,911 |
| Investments—publicly traded securities | $151,429,620 |
| Investments—other securities | $146,147,151 |
| Investments—program-related | $6,781,442 |
| Intangible assets | $0 |
| Other assets | $21,743,238 |
| Total assets | $332,655,192 |
| Accounts payable and accrued expenses | $212,424 |
| Grants payable | $3,529,643 |
| 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 | $1,565,284 |
| Total liabilities | $5,307,351 |
| Net assets without donor restrictions | $323,470,277 |
| Net assets with donor restrictions | $3,877,564 |
| 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 | $332,655,192 |
Grants Awarded
Over the last fiscal year, Erie Community Foundation has awarded $17,298,840 in support to 324 organizations.
| Grant Recipient | Amount |
|---|---|
ACES INC PURPOSE: VARIOUS PROJECTS | $10,632 |
ACHIEVEMENT CENTER PURPOSE: VARIOUS PROJECTS | $22,187 |
AFRICAN AMERICAN CONCERNED CLERGY (AACC) PURPOSE: VARIOUS PROJECTS | $35,000 |
AFRICA 6000 INTERNATIONAL PURPOSE: VARIOUS PROJECTS | $6,000 |
AHN SAINT VINCENT HOSPITAL PURPOSE: VARIOUS PROJECTS | $184,811 |
ALBION AREA FAIR ASSOCIATION PURPOSE: VARIOUS PROJECTS | $9,000 |