Shaker Schools Foundation
- Assets
- $5.9m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Shaker Heights, OH
- Founding
- 03/1982
- Data as of
- 06/2021
- EIN
- 34-1351470
Organization Overview
Shaker Schools Foundation is located in Shaker Heights, OH. The organization was established in 1982. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Shaker Schools Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shaker Schools 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 06/2021, Shaker Schools Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $992.8k during the year ending 06/2021. While expenses have increased by 14.6% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RESOURCES TO ENRICH THE EDUCATION EXPERIENCES OF STUDENTS IN THE SHAKER HEIGHTS CITY SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SUPPORT FOR 5 CLASSROOM INITIATIVES UNDERTAKEN BY TEACHERS.
PROVIDED SUPPORT FOR 61 STUDENTS WHO MET THE CRITERIA FOR ACADEMIC AND/OR CO-CURRICULAR ACHIEVEMENTS.
PROVIDED SUPPORT FOR VARIOUS ACADEMIC PROGRAMS/PROJECTS THROUGHOUT THE SCHOOL DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stasia Vavruska President | OfficerTrustee | 0.3 | $0 |
Doug Wang Treasurer | OfficerTrustee | 0.3 | $0 |
Cathy Zbanek Secretary | OfficerTrustee | 0.3 | $0 |
Carter Strang Vice President | OfficerTrustee | 0.3 | $0 |
Holly Couglin Executive Director | Officer | 20 | $0 |
Dorothea Polster Trustee | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $170,902 |
| Related organizations | $0 |
| Government grants | $19,550 |
| All other contributions, gifts, grants, and similar amounts not included above | $556,863 |
| Noncash contributions included in lines 1a–1f | $97,677 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $747,315 |
| Total Program Service Revenue | $0 |
| Investment income | $148,296 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $282,261 |
| Net Income from Fundraising Events | -$15,588 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,162,284 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $43,694 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,816 |
| Pension plan accruals and contributions | $2,310 |
| Other employee benefits | $9,000 |
| Payroll taxes | $5,471 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $82,105 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,501 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,204 |
| Office expenses | $51,615 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $678,111 |
| Total functional expenses | $992,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,322 |
| Savings and temporary cash investments | $47,604 |
| Pledges and grants receivable | $27,694 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,680,588 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,750 |
| Total assets | $5,939,958 |
| Accounts payable and accrued expenses | $16,467 |
| Grants payable | $14,941 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,110 |
| Total liabilities | $50,518 |
| Net assets without donor restrictions | $1,752,148 |
| Net assets with donor restrictions | $4,137,292 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,939,958 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Shaker Schools Foundation has recieved totaling $105,858.
| Awarding Organization | Amount |
|---|---|
Burton D Morgan Foundation Inc Hudson, OH PURPOSE: TO PARTICIPATE IN CHANGEMAKER ACTIVITIES IN THE 2021-22 ACADEMIC YEAR | $19,800 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $16,621 |
Sauerland Foundation Milford, OH PURPOSE: DONATION | $15,000 |
Samuel H And Maria Miller Foundation Cleveland, OH PURPOSE: GENERAL | $10,000 |
Veale Foundation Pepper Pike, OH PURPOSE: GENERAL FUND | $10,000 |
Cleveland Foundation Cleveland, OH PURPOSE: SUPPORT OF THE CAREER - TECHNICAL EDUCATION (CTE) PROGRAM | $8,435 |
Endowment Analysis
| Beg. Balance | $1,190,876 |
| Earnings | $204,168 |
| Net Contributions | $10,845 |
| Other Expense | $13,627 |
| Ending Balance | $1,392,262 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chevron Phillips Chemical Co Lp Health & Benefit Tr Veba Pittsburgh, PA | $15,880,618 | $77,964,861 |
Inspirittec Inc Philadelphia, PA | $65,630,872 | $75,964,924 |
West Virginia University Medical Corporation Morgantown, WV | $21,363,966 | $59,205,918 |
Pennsylvania Virtual Charter School King Of Prussia, PA | $24,898,829 | $49,068,085 |
Pay It Forward Foundation Inc Pittsburgh, PA | $11,909,629 | $29,731,720 |
Wood County Schools Benefit Plan Bowling Green, OH | $9,100,102 | $25,909,869 |
Lifesteps Inc Butler, PA | $25,871,848 | $32,536,752 |
Progressnow Education Lansing, MI | $1,591,280 | $29,411,544 |
Inside Track Impact Inc Indianapolis, IN | $23,220,663 | $19,614,456 |
Benefits Data Trust Philadelphia, PA | $35,254,049 | $26,526,932 |
Voices For Independence Erie, PA | $11,834,971 | $20,276,084 |
Strada Collaborative Inc Indianapolis, IN | $87,757,237 | $36,146,755 |