John Huntington Fund For Education
- Assets
- $42.9m
- Revenue
- $4.7m
- Investments
- $39.9m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 08/1956
- Data as of
- 12/2021
- EIN
- 34-0714434
Organization Overview
John Huntington Fund For Education is located in Cleveland, OH. The organization was established in 1956. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. John Huntington Fund For Education 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, John Huntington Fund For Education generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.9% each year . All expenses for the organization totaled $3.6m during the year ending 12/2021. While expenses have increased by 3.9% 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 2016, John Huntington Fund For Education has awarded 71 individual grants totaling $17,220,059. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna B Adams Treasurer | 13 | $68,333 | |
Peter W Adams President | 1 | $0 | |
Chandler H Everett Trustee | 1 | $0 | |
Karen R Nestor Trustee | 1 | $0 | |
Katie O Outcalt Trustee | 1 | $0 | |
Bruce T Goode Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $477,833 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,262,332 |
| Capital Gain Net Income | $4,262,332 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,740,165 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $68,333 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $4,000 |
| Interest | $0 |
| Taxes | $67,389 |
| Depreciation | $0 |
| Occupancy | $10,218 |
| Travel, conferences, and meetings | $281 |
| Printing and publications | $0 |
| Other expenses | $2,409 |
| Total operating and administrative expenses | $286,417 |
| Contributions, gifts, grants paid | $3,332,834 |
| Total expenses and disbursements | $3,619,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,977 |
| Savings and temporary cash investments | $2,995,906 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $287,018 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $42,908,272 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, John Huntington Fund For Education has awarded $3,332,834 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Cleveland, OH PURPOSE: STUDENT SCHOLARSHIPS | $705,000 |
Cleveland, OH PURPOSE: STUDENT SCHOLARSHIPS | $700,000 |
JOHN CARROLL UNIVERSITY PURPOSE: STUDENT SCHOLARSHIPS | $360,000 |
Pepper Pike, OH PURPOSE: STUDENT SCHOLARSHIPS | $315,000 |
Berea, OH PURPOSE: STUDENT SCHOLARSHIPS | $300,000 |
MAGNET PURPOSE: SPECIAL INITIATIVE (STEM) | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |
Michigan State University Foundation East Lansing, MI | $535,425,307 | $55,850,938 |
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
Kent State University Foundation Kent, OH | $245,939,628 | $27,886,498 |
University Of Akron Foundation Akron, OH | $205,506,114 | $14,662,521 |
School Employees Benefit Trust Cincinnati, OH | $16,584,284 | $19,989,967 |
Marshall University Foundation Incorporated Huntington, WV | $365,151,220 | $39,444,191 |
Friends Of Breakthrough Schools Cleveland, OH | $75,617,435 | $14,315,646 |
Eastern Michigan University Foundation Ypsilanti, MI | $82,145,619 | $14,420,618 |
Michigan Tech Fund Houghton, MI | $217,061,508 | $42,674,434 |
Ers Strategic Properties Inc Rootstown, OH | $122,229,530 | $11,683,070 |
Employee Benefit Trust Of Northampton Co Area Community Coll Bethlehem, PA | $1,194,772 | $10,407,527 |