Grandview Heights-Marble Cliff Education Foundation
- Assets
- $1.5m
- Revenue
- $270.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 11/1991
- Data as of
- 12/2021
- EIN
- 31-1319491
Organization Overview
Grandview Heights-Marble Cliff Education Foundation is located in Columbus, OH. The organization was established in 1991. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grandview Heights-Marble Cliff Education 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, Grandview Heights-Marble Cliff Education Foundation generated $270.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $64.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Grandview Heights-Marble Cliff Education Foundation has awarded 14 individual grants totaling $234,656. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES GRANTS TO SUPPORT EDUCATION IN THE GRANDVIEW HEIGHTS/MARBLE CLIFF PUBLIC SCHOOLS AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S SOLE PROGRAM SERVICE IS ITS GRANT-MAKING OPERATION. NO REVENUE IS ASSOCIATED WITH THE PROGRAM SERVICE. THE FOUNDATION'S PURPOSE IS TO ENHANCE AND ENRICH THE EDUCATIONAL OPPORTUNITIES FOR THE RESIDENTS OF GRANDVIEW HEIGHTS AND MARBLE CLIFF. IN FURTHERANCE OF THIS PURPOSE DURING 2021, THE FOUNDATION AWARDED GRANTS AS OUTLINED IN SCHEDULE I OF THIS FORM 990. EACH OF THESE GRANTS WAS INTENDED TO HELP FUND SPECIFIC PROGRAM OR PROJECT OF EDUCATIONAL SIGNIFICANCE FOR THE STUDENTS OR RESIDENTS OF GRANDVIEW HEIGHTS AND MARBLE CLIFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Farrah Chrstos President | OfficerTrustee | 4 | $0 |
Nikki Donovsky Vice President | OfficerTrustee | 4 | $0 |
Dimitri Hatzifotinos Secretary | OfficerTrustee | 4 | $0 |
James Hunt Treasurer | OfficerTrustee | 4 | $0 |
Tendy Chiang Trustee | Trustee | 2 | $0 |
Jenni Betz Trustee | Trustee | 2 | $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 | $15,835 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,835 |
| Total Program Service Revenue | $0 |
| Investment income | $39,776 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $214,458 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $270,069 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,834 |
| Grants and other assistance to domestic individuals. | $38,500 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,333 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,658 |
| 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 | $721 |
| All other expenses | $442 |
| Total functional expenses | $64,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,766 |
| Savings and temporary cash investments | $0 |
| 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 | $1,390,378 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,467,144 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $10,545 |
| 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 | $10,545 |
| Net assets without donor restrictions | $1,456,599 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,467,144 |
Grants Awarded
Over the last fiscal year, Grandview Heights-Marble Cliff Education Foundation has awarded $15,204 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GRANDVIEW HEIGHTS CITY SCHOOL DISTRICT PURPOSE: GENERAL PROGRAM EXPENSE | $7,704 |
GRANDVIEW HEIGHTS BAND PARENTS ASSOCIATION PURPOSE: GENERAL PROGRAM EXPENSE | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Grandview Heights-Marble Cliff Education Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Talmage Family Foundation Columbus, OH PURPOSE: HEALTH, EDUCATION, RELIGION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewell Educational Fund Owosso, MI | $398,993,901 | $18,985,075 |
Lola G Duff & William Duff Ii Scholarship Fund Pittsburgh, PA | $108,136,539 | $9,727,539 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |
Thompson Foundation Plymouth, MI | $5,518,000 | $2,844,461 |
Independence Foundation Philadelphia, PA | $78,719,217 | $2,815,934 |
The Endowment Fund Of The Phi Kappa Psi Fraternity Indianapolis, IN | $26,119,752 | $5,253,152 |
Beta Theta Pi Foundation Oxford, OH | $33,085,697 | $6,703,723 |
Addison Gibson Foundation Pittsburgh, PA | $46,529,076 | $11,633,912 |
Cardinal Health Foundation Dublin, OH | $40,394,329 | $2,713,784 |
Say Yes Cleveland Scholarship Inc Cleveland, OH | $89,649,014 | $4,775,644 |
Pittsburgh Jewish Educational Improvement Foundation Pittsburgh, PA | $252,999 | $3,355,550 |