George J Record School Foundation
- Assets
- $2.7m
- Revenue
- $175.2k
- Investments
- $2.6m
- Employees
- 0
- Location
- Conneaut, OH
- Founding
- 09/1959
- Data as of
- 12/2021
- EIN
- 34-0830818
Organization Overview
George J Record School Foundation is located in Conneaut, OH. The organization was established in 1959. 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. George J Record School 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, George J Record School Foundation generated $175.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $137.4k during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 4 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 2020, George J Record School Foundation has awarded 61 individual grants totaling $233,500. 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
SEE PART XV LINE 3A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles N Lafferty Exec Dir/pres/trustee | 10 | $18,420 | |
Kerry W Gerdes Sec/treas/trustee | 5 | $7,440 | |
P Thomas Picard Vp/trustee | 6 | $3,900 | |
William N Runyan Trustee | 4 | $3,300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $88 |
| Dividends & Interest | $145,884 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,249 |
| Capital Gain Net Income | $30,395 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $175,221 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $33,060 |
| Other employee salaries and wages | $6,913 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,043 |
| Depreciation | $0 |
| Occupancy | $160 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,218 |
| Total operating and administrative expenses | $61,138 |
| Contributions, gifts, grants paid | $76,300 |
| Total expenses and disbursements | $137,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $153,613 |
| 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 | $1,546,631 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,740,556 |
| Accounts payable and accrued expenses | $11,444 |
| 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 | -$192 |
| Total liabilities | $11,252 |
Grants Awarded
Over the last fiscal year, George J Record School Foundation has awarded $109,300 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
OLIVIA HOLDEN PURPOSE: EDUCATION STUDY | $9,200 |
EMILY FALCONE PURPOSE: EDUCATION STUDY | $6,100 |
AIDAN CARDAMAN PURPOSE: EDUCATION STUDY | $6,100 |
MATTHEW MCBRIDE PURPOSE: EDUCATION STUDY | $6,100 |
NATALIE KAUFMAN PURPOSE: EDUCATION STUDY | $6,100 |
SHELBY SCHWOTZER PURPOSE: EDUCATION STUDY | $6,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisville Foundation Inc Louisville, KY | $1,075,988,166 | $43,496,002 |
Ohio University Foundation Athens, OH | $641,559,157 | $75,179,430 |
Iu Medical Group Foundation Inc Indianapolis, IN | $256,189,183 | $45,380,536 |
Western Michigan University Foundation Kalamazoo, MI | $431,026,780 | $43,479,998 |
Pelotonia Columbuus, OH | $27,807,886 | $34,892,875 |
Wku Student Life Foundation Inc Bowling Green, KY | $178,491,745 | $30,600,200 |
Foundation For Indiana University Of Pennsylvania Indiana, PA | $226,911,998 | $27,994,482 |
Miami University Foundation Inc Oxford, OH | $724,573,926 | $28,643,439 |
Bowling Green State University Foundation Inc Bowling Green, OH | $269,755,787 | $28,051,237 |
Ball State University Foundation Muncie, IN | $262,845,495 | $25,627,270 |
The University Of Toledo Foundation Toledo, OH | $690,162,176 | $41,543,760 |
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |