Huron Foundation
- Assets
- $940.1k
- Revenue
- $58.4k
- Investments
- $856.0k
- Employees
- 0
- Location
- Shaker Heights, OH
- Founding
- 06/1952
- Data as of
- 12/2021
- EIN
- 34-0735209
Organization Overview
Huron Foundation is located in Shaker Heights, OH. The organization was established in 1952. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Huron 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, Huron Foundation generated $58.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $53.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Huron Foundation has awarded 37 individual grants totaling $354,850. 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 Mission:
Part 3 - Line 1
ESTABLISH & SUPPORT THE HEALTH & WELFARE OF MEMBERS OF THE COMMUNITY FORMERLY SERVED BY HURON HOSP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT ACTIVITIES (AND ORGANIZATIONS) THAT PROMOTE THE HEALTH, WELFARE AND EDUCATION OF MEMBERS OF THE COMMUNITY FORMERLY SERVED BY HURON HOSPITAL.
N/A
N/A
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keyvan Ravakhah President | 2 | $0 | |
Scott R Schell Trustee | 2 | $0 | |
Yolanda Thigpen Trustee | 2 | $0 | |
Richard J Koletsky Trustee | 2 | $0 | |
Charinjit Bahniwal Trustee | 2 | $0 | |
Herbert S Bell Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,986 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,451 |
| Capital Gain Net Income | $45,451 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $58,437 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $156 |
| Total operating and administrative expenses | $3,352 |
| Contributions, gifts, grants paid | $50,250 |
| Total expenses and disbursements | $53,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $84,165 |
| 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 | $2,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $940,146 |
| 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, Huron Foundation has awarded $50,250 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Athens, OH PURPOSE: SCHOLARSHIPS | $15,000 |
EAST CLEVELAND NEIGHBORHOOD CENTER PURPOSE: HEALTH EDUCATION | $10,250 |
JOSEPH HOUSE OF CLEVELAND PURPOSE: GENERAL OPERATIONS | $10,000 |
NATIONAL COUNCIL OF JEWISH WOMEN - CLEVELAND PURPOSE: GENERAL OPERATIONS | $5,000 |
CENTER FOR INTELLECTUAL PROPERTY TECHNOLOGY & TELECOMMUNICATIONS INC PURPOSE: GENERAL OPERATIONS | $5,000 |
LIFEACT PURPOSE: SUICIDE PREVENTION | $5,000 |
Endowment Analysis
| Beg. Balance | $264,807 |
| Earnings | $21,238 |
| Ending Balance | $286,045 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Dayton Area Hospital Assoc Dayton, OH | $5,189,718 | $9,300,133 |
Rtog Foundation Inc Philadelphia, PA | $10,342,373 | $6,561,535 |
Michigan Nurses Association Okemos, MI | $27,717,414 | $8,418,016 |
Clinical And Laboratory Standards Institute Malvern, PA | $16,915,959 | $9,183,918 |
Michigan Dental Association Okemos, MI | $14,871,690 | $7,368,661 |
Michigan State Medical Society East Lansing, MI | $15,401,993 | $5,010,247 |
Ohio Nurses Association Hilliard, OH | $4,406,486 | $4,396,631 |
Indiana State Medical Association Indianapolis, IN | $22,274,244 | $4,315,865 |
Health Care Education And Training Inc Indianapolis, IN | $968,136 | $3,323,662 |
Columbus Medical Association Foundation Columbus, OH | $114,076,258 | $935,267 |
Ohio State Medical Association Dublin, OH | $8,799,720 | $5,500,872 |
Pennsylvania Assoc Of Community Health Centers Wormleysburg, PA | $2,008,836 | $2,883,378 |