Greenacres Foundation
- Assets
- $368.6m
- Revenue
- $19.2m
- Investments
- $291.9m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 11/1988
- Data as of
- 12/2021
- EIN
- 31-1250075
Organization Overview
Greenacres Foundation is located in Cincinnati, OH. The organization was established in 1988. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenacres 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, Greenacres Foundation generated $19.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $20.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Greenacres Foundation has awarded 266 individual grants totaling $66,275,796. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OPERATES AN ENVIRONMENTAL EDUCATION CENTER FOR AREA SCHOOL CHILDREN AND GARDEN EDUCATION PROGRAMS. SCHOOL CHILDREN VISIT IN CLASSES. IN 2023, THE EDUCATION CENTER PROVIDED 684 PROGRAMS. IN TOTAL, 14,175 CHILDREN AND 2,989 ADULTS VISITED THE CENTER DURING THE YEAR.
THE FOUNDATION OPERATES A HORSEMANSHIP ACADEMY THAT TEACHES CHILDREN AND ADULTS ABOUT HORSEMANSHIP, FROM RIDING HORSES TO GROOMING AND FEEDING THEM. IN 2023, THE ACADEMY PROVIDED 709 PROGRAMS. IN TOTAL, 2,217 CHILDREN AND 101 ADULTS PARTICIPATED IN THESE PROGRAMS DURING THE YEAR.
THE FOUNDATION OPERATES A FARM USING ROTATIONAL GRAZING TO PRESERVE FARMLAND AND RAISE HEALTHY COWS, SHEEP, CHICKENS, HOGS, AND TURKEYS. THE FARM PRODUCTS ARE SOLD THROUGH THE FARM STORE. IN 2023, THE FARM PROVIDED 242 PROGRAMS. IN TOTAL, 4,360 CHILDREN AND 881 ADULTS PARTICIPATED IN THESE PROGRAMS DURING THE YEAR.
THE FOUNDATION OPERATES AN ART CENTER WHICH PROVIDES EDUCATION IN CULTURAL, VISUAL AND MUSICAL ARTS. IN 2023, THE ART CENTER PROVIDED 209 PROGRAMS. IN TOTAL, 5,041 CHILDREN AND 961 ADULTS VISITED THE CENTER DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carter F Randolph PHD President/founder | 30 | $375,600 | |
Mr Brad Lindner Secretary/founder | 1 | $0 | |
Mr Lawrence H Kyte Jr Trustee/founder | 1 | $0 | |
Mrs Geraldine Warner Trustee | 1 | $0 | |
Mr Martin Cooper Trustee/founder | 1 | $0 | |
Mrs Meredith Leslie Executive Director/vice President | 40 | $211,631 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Randolph Company Inc | 12/30/23 | $1,855,262 |
Green Earth Landscaping Ltd | 12/30/23 | $1,335,528 |
Gbbn Architects | 12/30/23 | $611,638 |
Heartwood Fence | 12/30/23 | $404,584 |
Interlochen Center For The Arts | 12/30/23 | $273,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $27,336 |
| Interest on Savings | $182,648 |
| Dividends & Interest | $10,399,218 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,571,806 |
| Capital Gain Net Income | $7,559,379 |
| Net ST Capital Gain | $0 |
| Income Modifications | $637,500 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,013,923 |
| Total Revenue | $19,194,931 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $506,839 |
| Other employee salaries and wages | $3,306,073 |
| Pension plans, employee benefits | $853,832 |
| Interest | $0 |
| Taxes | $1,060,603 |
| Depreciation | $1,168,614 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $22,559 |
| Printing and publications | $0 |
| Other expenses | $3,773,702 |
| Total operating and administrative expenses | $12,817,346 |
| Contributions, gifts, grants paid | $7,670,213 |
| Total expenses and disbursements | $20,487,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,943,130 |
| Net Accounts receivable | $693 |
| 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 | $773,562 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $28,067,549 |
| Net Land, buildings, and equipment | $66,729,207 |
| Other assets | $3,243,636 |
| Total assets | $368,577,595 |
| Accounts payable and accrued expenses | $1,100,026 |
| Grants payable | $0 |
| Deferred revenue | $114,800 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,214,826 |
Grants Awarded
Over the last fiscal year, Greenacres Foundation has awarded $6,951,629 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
ADOPT A CLASS FOUNDATION PURPOSE: ORGANIZATION'S CHARITABLE PURPOSE | $15,000 |
BATESVILLE AREA ARTS COUNCIL PURPOSE: ORGANIZATION'S CHARITABLE PURPOSE | $100 |
BLUE ASH MONTGOMERY SYMPHONY ORCHESTRA PURPOSE: ORGANIZATION'S CHARITABLE PURPOSE | $20,000 |
CINCINNATI CHILDREN'S CHOIR PURPOSE: ORGANIZATION'S CHARITABLE PURPOSE | $40,000 |
CHURCH OF OUR SAVIOR LIVES UNITED PURPOSE: ORGANIZATION'S CHARITABLE PURPOSE | $35,000 |
CINCINNATI BOYS CHOIR INC PURPOSE: ORGANIZATION'S CHARITABLE PURPOSE | $50,000 |