Ravenna United Fund Inc
- Assets
- $1.1m
- Revenue
- $25.2k
- Investments
- $1.0m
- Employees
- 0
- Location
- Ravenna, OH
- Founding
- 04/1977
- Data as of
- 12/2023
- EIN
- 34-1181769
Organization Overview
Ravenna United Fund Inc is located in Ravenna, OH. The organization was established in 1977. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Ravenna United Fund Inc 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, Ravenna United Fund Inc generated $25.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $48.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ravenna United Fund Inc has awarded 64 individual grants totaling $126,850. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hartley President | 2 | $0 | |
Diana Kane Board Trustee | 1 | $0 | |
Peggy Dipaola Board Trustee | 1 | $0 | |
Lou Ann Metz Board Trustee | 1 | $0 | |
Dominic Bellino Vice President | 1 | $0 | |
Ryan Poland Secy/treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $450 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,852 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,149 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,153 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $486 |
| Printing and publications | $0 |
| Other expenses | $396 |
| Total operating and administrative expenses | $17,436 |
| Contributions, gifts, grants paid | $30,750 |
| Total expenses and disbursements | $48,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,139 |
| Savings and temporary cash investments | $19,411 |
| 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 | $1,085,072 |
| 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, Ravenna United Fund Inc has awarded $30,750 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BEN CURTIS FOUNDATION PURPOSE: FOOD BAG PROGRAMS | $3,000 |
CENTER OF HOPE PURPOSE: HOLIDAY FOOD BASKET PROGRAM | $3,000 |
HABITAT FOR HUMANITY PURPOSE: HOUSE CONSTRUCTION COSTS | $5,000 |
HATTIE LARLHAM FOUNDATION PURPOSE: REFRIGERATION EQUIPMENT COSTS | $2,500 |
HAVEN OF PORTAGE COUNTY PURPOSE: PURCHASE SPECIAL EQUIPMENT | $1,500 |
MAIN STREET RAVENNA PURPOSE: OPERATIONAL COSTS | $4,000 |