Cleveland Foundry
- Assets
- $995.7k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 14
- Location
- Cleveland, OH
- Founding
- 09/2010
- Data as of
- 06/2021
- EIN
- 30-0609496
Organization Overview
Cleveland Foundry is located in Cleveland, OH. The organization was established in 2010. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2021, Cleveland Foundry employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cleveland Foundry 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, Cleveland Foundry generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $1.6m during the year ending 06/2021. While expenses have increased by 25.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A POSITIVE SPACE FOR YOUTH FITNESS AND EMPOWERMENT THOUGH THE NAUTICAL SPORTS OF ROWING AND SAILING
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROWING INSTRUCTION & BOATHOUSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gina M Trebilcock Executive Director | OfficerTrustee | $0 | |
Matthew J Previts Vpdirector | OfficerTrustee | $0 | |
John Dedinsky Treasurerdirector | OfficerTrustee | $0 | |
David A Doll Director | Trustee | $0 | |
Michael W Vary Jr Director | Trustee | $0 | |
J Mark Bush Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,615,884 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,624 |
| Net Gain/Loss on Asset Sales | $11,403 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,711,584 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $321,687 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,454 |
| Fees for services: Accounting | $32,743 |
| Fees for services: Lobbying | $30,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $71,101 |
| Advertising and promotion | $2,807 |
| Office expenses | $3,872 |
| Information technology | $17,934 |
| Royalties | $0 |
| Occupancy | $764,769 |
| Travel | $4,540 |
| 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 | $141,993 |
| Insurance | $32,385 |
| All other expenses | $0 |
| Total functional expenses | $1,640,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,766 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $11,350 |
| Accounts receivable, net | $17,918 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $67,052 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $40,822 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $13,700 |
| Other assets | $0 |
| Total assets | $995,689 |
| Accounts payable and accrued expenses | $176,626 |
| Grants payable | $0 |
| Deferred revenue | $41,875 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $5,443,244 |
| Secured mortgages and notes payable | $107,278 |
| Unsecured mortgages and notes payable | $51,203 |
| Other liabilities | $0 |
| Total liabilities | $5,820,226 |
| 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 |
| Total liabilities and net assets/fund balances | -$4,824,537 |