Shaker Schools Foundation
- Assets
- $5.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Shaker Heights, OH
- Founding
- 03/1982
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Shaker Schools Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $798.4k during the year ending 06/2022. While expenses have increased by 13.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT ALL SHAKER HEIGHTS CITY SCHOOL STUDENTS BY CULTIVATING COMMUNITY RESOURCES TO ADVANCE EQUITABLE ACCESS AND ENHANCE OPPORTUNITIES IN AND OUT OF THE CLASSROOM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SUPPORT FOR VARIOUS ACADEMIC PROGRAMS/PROJECTS THROUGHOUT THE SCHOOL DISTRICT.
PROVIDED SUPPORT FOR 74 STUDENTS WHO MET THE CRITERIA FOR ACADEMIC AND/OR CO-CURRICULAR ACHIEVEMENTS.
PROVIDED SUPPORT FOR 31 CLASSROOM INITIATIVES UNDERTAKEN BY TEACHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorothea Polster Trustee | Trustee | 0.3 | $0 |
Stasia Vavruska President | OfficerTrustee | 0.3 | $0 |
Doug Wang Trustee | Trustee | 0.3 | $0 |
Cathy Zbanek Secretary | OfficerTrustee | 0.3 | $0 |
Eileen Anderson Trustee | Trustee | 0.3 | $0 |
Cathy Belk Treasurer | OfficerTrustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $80,662 |
| Related organizations | $0 |
| Government grants | $19,110 |
| All other contributions, gifts, grants, and similar amounts not included above | $506,881 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $606,653 |
| Total Program Service Revenue | $0 |
| Investment income | $255,082 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $388,345 |
| Net Income from Fundraising Events | -$1,520 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,248,560 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $61,285 |
| 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 | $84,582 |
| Pension plan accruals and contributions | $3,051 |
| Other employee benefits | $9,000 |
| Payroll taxes | $7,170 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,413 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,456 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,095 |
| Office expenses | $40,994 |
| 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 | $518,385 |
| Total functional expenses | $798,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,435 |
| Savings and temporary cash investments | $47,500 |
| Pledges and grants receivable | $14,538 |
| 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 | $4,757,875 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,970,348 |
| Accounts payable and accrued expenses | $1,056 |
| Grants payable | $13,456 |
| 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 | $0 |
| Total liabilities | $14,512 |
| Net assets without donor restrictions | $1,468,060 |
| Net assets with donor restrictions | $3,487,776 |
| 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 | $4,970,348 |