The Spirit Of Construction Foundation Of Greater Cincinnati
- Assets
- $328.0k
- Revenue
- $282.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Wright, KY
- Founding
- 01/2002
- Data as of
- 12/2021
- EIN
- 31-1478557
Organization Overview
The Spirit Of Construction Foundation Of Greater Cincinnati is located in Fort Wright, KY. The organization was established in 2002. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spirit Of Construction Foundation Of Greater Cincinnati 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, Spirit Of Construction Foundation Of Greater Cincinnati generated $282.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $223.3k during the year ending 12/2021. While expenses have increased by 0.1% per year over the past 7 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, Spirit Of Construction Foundation Of Greater Cincinnati has awarded 49 individual grants totaling $961,833. 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
TO SUPPORT THE LOCAL CONSTRUCTION INDUSTRY AND RAISE STUDENTS' AWARENESS OF CAREERS IN THE CONSTRUCTION INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED TWELEVE $2500 UNDERGRADUATE SCHOLARSHIPS TO COLLEGE STUDENTS, INCLUDING MILITARY PERSONNEL, WHO ARE FOCUSED ON DEGREES SUPPORTING THE CONSTRUCTION INDUSTRY. FOR EXAMPLE, STUDENTS ARE STUDYING PROJECT MANAGEMENT, ENGINEERING AND ARCHITECTURE.
THE FOUNDATION PROVIDED SUPPORT TO EXPAND THE CONSTRUCTION CAREER PATHWAY COLLABORATIVE PROGRAM TO MIDDLE SCHOOL STUDENTS IN INNER-CITY NEIGHBORHOODS IN THE GREATER CINCINNATI AREA. THE PROGRAM INTRODUCED STUDENTS TO BASIC SKILLS IN THE CONSTRUCTION TRADE, TAUGHT THEM GOOD WORK HABITS AND BOOSTED THEIR CONFIDENCE TO CONSIDER CONSTRUCTION AS A CAREER OPTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele O'rourke President | OfficerTrustee | 2 | $0 |
Kerri Richardson Treasurer | OfficerTrustee | 2 | $0 |
William Riddle Vice President | OfficerTrustee | 2 | $0 |
Fleet Fangman Past President | Trustee | 1 | $0 |
Tim Beischel Director Emeritus | Trustee | 1 | $0 |
Mark Lambert Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $234,700 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $265,450 |
| Total Program Service Revenue | $0 |
| Investment income | $4,834 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,997 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $282,281 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $120,000 |
| Grants and other assistance to domestic individuals. | $30,000 |
| 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 | $61,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,000 |
| Advertising and promotion | $0 |
| 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 | $3,755 |
| All other expenses | $0 |
| Total functional expenses | $223,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $169,983 |
| 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 | $1,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $77,174 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $79,892 |
| Total assets | $328,049 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $328,049 |
| 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 | $328,049 |
Grants Awarded
Over the last fiscal year, The Spirit Of Construction Foundation Of Greater Cincinnati has awarded $116,800 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Lockland, OH PURPOSE: HANDS ON ACTIVITIES CONSTRUCTION TRADES | $98,000 |
Cincinnati, OH PURPOSE: HANDS ON ACTIVITIES CONSTRUCTION TRADES | $6,800 |
Cincinnati, OH PURPOSE: HANDS ON ACTIVITIES CONSTRUCTION TRADES | $6,000 |
Cincinnati, OH PURPOSE: HANDS ON ACTIVITIES CONSTRUCTION TRADES | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Spirit Of Construction Foundation Of Greater Cincinnati has recieved totaling $311,000.
| Awarding Organization | Amount |
|---|---|
Johnson Charitable Gift Fund Cincinnati, OH PURPOSE: GENERAL FUND | $250,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $50,000 |
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $11,000 |
Endowment Analysis
| Beg. Balance | $50,000 |
| Earnings | $7,913 |
| Net Contributions | $25,000 |
| Other Expense | $3,021 |
| Ending Balance | $79,892 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Impact Community Action Columbus, OH | $17,964,278 | $51,062,093 |
Akron Summit Community Action Agency Akron, OH | $9,053,133 | $31,825,266 |
Christian Community Development Corporation Inc Memphis, TN | $275,024,548 | $28,566,509 |
Hocking-Athens Perry Community Action Glouster, OH | $22,374,760 | $30,742,269 |
Indianapolis Foundation Inc Indianapolis, IN | $352,748,809 | $43,731,535 |
Delta Area Economic Opportunity Corporation Portageville, MO | $22,832,856 | $23,706,654 |
Upper East Tennessee Human Development Agency Kingsport, TN | $7,143,102 | $23,146,809 |
Pennyrile Allied Community Services Inc Hopkinsville, KY | $9,618,726 | $22,758,893 |
Hampton Roads Community Action Program Inc Newport News, VA | $4,977,691 | $24,100,051 |
Northwest Tennessee Economic Development Council Dresden, TN | $2,980,191 | $21,895,121 |
Jumpstart Inc Cleveland, OH | $82,356,707 | $21,511,113 |
Lexington Center Corporation Lexington, KY | $378,439,328 | $16,156,810 |