Womens Philanthropic Union
- Assets
- $4.3m
- Revenue
- $666.6k
- Investments
- $4.2m
- Employees
- 0
- Location
- Cleveland Heights, OH
- Founding
- 06/1944
- Data as of
- 12/2023
- EIN
- 34-0782268
Organization Overview
Womens Philanthropic Union is located in Cleveland Heights, OH. The organization was established in 1944. According to its NTEE Classification (T03) the organization is classified as: Professional Societies & Associations, 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. Womens Philanthropic Union 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 12/2023, Womens Philanthropic Union generated $666.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $702.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Potts At Large | 0.1 | $0 | |
Greg Mersol Asst Treasurer | 0.25 | $0 | |
Marilyn Coleman Trustee | 0.1 | $0 | |
Edith Phillips President | 1 | $0 | |
Kimberle Gottfried Secretary | 1 | $0 | |
Donald Stimpert Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $537,528 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $129,092 |
| Capital Gain Net Income | $129,092 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $666,620 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,707 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $475 |
| Printing and publications | $0 |
| Other expenses | $349 |
| Total operating and administrative expenses | $15,526 |
| Contributions, gifts, grants paid | $686,968 |
| Total expenses and disbursements | $702,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $93,654 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,253,300 |
| 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, Womens Philanthropic Union has awarded $686,968 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDLY INN SETTLEMENT HOUSE INC PURPOSE: FUNDING OF GENERAL OPERATIONS TO ENABLE ORGANIZATION TO FURTHER ITS NEIGHBORHOOD SETTLEMENT WORK LARGELY CENTERED IN THE CARVER HOUSING PROJECT. THIS ORGANIZATION IS INDEPENDENT OF WOMEN'S PHILANTHROPIC UNION (WPU), HOWEVER, THE PRESIDENT OF FRIENDLY INN IS ENTITLED TO EX-OFFICIO MEMBERSHIP ON THE WPU BOARD. SEVERAL WPU BOARD MEMBERS HAVE SERVED PAST OR PRESENT BOARD MEMBERSHIPS OF FRIENDLY INN. | $315,000 |
CLEVELAND FOUNDATION PURPOSE: GIFT TO DONOR ADVISED FUND TO PROVIDE FINANCIAL ASSISTANCE TO VARIOUS SOCIAL SERVICE ORGANIZATIONS | $56,968 |
YWCA OF GREATER CLEVELAND PURPOSE: FUNDING OF GENERAL OPERATIONS OF COGSWELL HALL FACILITY TO ENABLE ORGANIZATION TO MAKE SAFE LIVING QUARTERS AVAILABLE TO WOMEN OF ALL AGES. THIS ORGANIZATION IS INDEPENDENT OF WOMEN'S PHILANTHROPIC UNION (WPU), HOWEVER, THE PRESIDENT OF YWCA OF GREATER CLEVELAND IS ENTITLED TO EX-OFFICIO MEMBERSHIP ON THE WPU BOARD. | $315,000 |