Ak Steel Foundation
- Assets
- $9.7m
- Revenue
- $6.2m
- Investments
- $8.7m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 03/1993
- Data as of
- 12/2022
- EIN
- 31-1284344
Organization Overview
Ak Steel Foundation is located in Cleveland, OH. The organization was established in 1993. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. AK Steel 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, AK Steel Foundation generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 45.3% each year . All expenses for the organization totaled $8.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, AK Steel Foundation has awarded 717 individual grants totaling $24,831,540. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Executive Director | 30 | $0 | |
Name Not Listed Chairman & Trustee | 1 | $0 | |
Name Not Listed Trustee | 1 | $0 | |
Name Not Listed Trustee | 1 | $0 | |
Name Not Listed Trustee | 1 | $0 | |
Name Not Listed Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $179,081 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33 |
| Capital Gain Net Income | $33 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,000 |
| Total Revenue | $6,186,114 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,475 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $502,323 |
| Total operating and administrative expenses | $504,798 |
| Contributions, gifts, grants paid | $8,355,088 |
| Total expenses and disbursements | $8,859,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $850,720 |
| Savings and temporary cash investments | $129,579 |
| 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 | $11,836 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,723,884 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,713 |
| Total assets | $9,721,732 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $3,763,500 |
| 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 | $3,763,500 |
Grants Awarded
Over the last fiscal year, Ak Steel Foundation has awarded $9,418,588 in support to 229 organizations.
| Grant Recipient | Amount |
|---|---|
AIST FOUNDATION PURPOSE: GENERAL SUPPORT | $12,000 |
AKRON-CANTON REGIONAL FOODBANK PURPOSE: GENERAL SUPPORT | $2,500 |
AMERICAN HEART ASSOCIATION - IN PURPOSE: GENERAL SUPPORT | $25,000 |
AMERICAN RED CROSS-CLE PURPOSE: GENERAL SUPPORT | $26,035 |
AMERICAN RED CROSS-CLE PURPOSE: GENERAL SUPPORT | $2,500 |
AMERICAN RED CROSS-CLE PURPOSE: GENERAL SUPPORT | $6,000 |