Deaconess Foundation
- Assets
- $66.2m
- Revenue
- $3.5m
- Investments
- $65.1m
- Employees
- 0
- Location
- Independence, OH
- Founding
- 10/1993
- Data as of
- 12/2021
- EIN
- 34-1372066
Organization Overview
Deaconess Foundation is located in Independence, OH. The organization was established in 1993. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Deaconess 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, Deaconess Foundation generated $3.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Deaconess Foundation has awarded 188 individual grants totaling $14,359,529. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Belk President & CEO | 40 | $218,618 | |
Allison Rand Vice President, Gran | 40 | $122,268 | |
Mary Margevicius Vice President, Fina | 40 | $84,532 | |
Russell Lamb Board Chair | 0.5 | $0 | |
Tom Littman Treasurer 4/23/21-12/31/21 | 0.5 | $0 | |
Carrie Clark Vice Chair 4/23/21-12/31/21 | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clearstead | 12/30/20 | $88,289 |
Dix And Eaton | 12/30/20 | $65,714 |
Clearstead | 12/30/20 | $88,289 |
Clearstead | 12/30/20 | $88,289 |
Dix And Eaton | 12/30/20 | $65,714 |
Dix And Eaton | 12/30/20 | $65,714 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,806 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,145,034 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,282,765 |
| Capital Gain Net Income | $1,282,765 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,500 |
| Total Revenue | $3,457,105 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $219,589 |
| Other employee salaries and wages | $213,957 |
| Pension plans, employee benefits | $49,341 |
| Interest | $0 |
| Taxes | $93,668 |
| Depreciation | $8,043 |
| Occupancy | $49,596 |
| Travel, conferences, and meetings | $2,492 |
| Printing and publications | $0 |
| Other expenses | $252,938 |
| Total operating and administrative expenses | $993,698 |
| Contributions, gifts, grants paid | $1,767,292 |
| Total expenses and disbursements | $2,760,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,791 |
| Savings and temporary cash investments | $996,589 |
| Net Accounts receivable | $249 |
| 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 | $18,769 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $65,102,710 |
| Net Land, buildings, and equipment | $32,883 |
| Other assets | $0 |
| Total assets | $66,178,991 |
| Accounts payable and accrued expenses | $29,906 |
| 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 | $29,906 |
Grants Awarded
Over the last fiscal year, Deaconess Foundation has awarded $1,767,292 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
FUND FOR OUR ECONOMIC FUTURE PURPOSE: FOR MEMBERSHIP FOR 2021-2022; FOR THE WORKFORCE FUNDERS GROUP (FFEF AS FISCAL SPONSOR); FOR AN INITIATIVE TO IMPROVE THE QUALITY OF HOSPITALITY JOBS | $315,000 |
Cleveland, OH PURPOSE: FOR GENERAL OPERATING SUPPORT; TO ADD LEADERSHIP CAPACITY TO THE ORGANIZATION | $255,000 |
TOWARDS EMPLOYMENT PURPOSE: TO PRODUCE A VIDEO AS PART OF A TARGETED CLIENT ENGAGEMENT STRATEGY; FOR PARTICIPATION IN CLEVELAND BRIDGE BUILDERS; FOR LEADERSHIP TRAINING ON NONPROFIT INNOVATION; FOR GENERATION WORK TO PROVIDE TRAINING ON RACE EQUITY IN WORKFORCE TO 7 PROVIDER ORGANIZATIONS; FOR GENERATION WORK CLEVELAND/ CUYAHOGA COUNTY; FOR GENERAL OPERATING SUPPORT; TO SEND 4 STAFF MEMBERS TO THE TWO DAY TRAINING OFFERED THROUGH THE RACIAL EQUITY INSTITUTE; GALA BRACELETS | $241,183 |
Cleveland, OH PURPOSE: TO SUPPORT COSTS RELATED TO ATTENDING THE GRANTS PROFESSIONALS ASSOCIATION CONFERENCE; TO TRAIN SCHOOL AND COMMUNITY PERSONNEL TO INTEGRATE CAREER PLANNING WITHIN THE CMSD AND BEYOND; TO PURCHASE DATA ON PROSPECTIVE ADULT LEARNERS FOR A TARGETED MARKETING CAMPAIGN; FOR TRAINING ON THE DONOR DATABASE | $136,900 |
Cleveland, OH PURPOSE: FOR PROFESSIONAL DEVELOPMENT ON TOPICS INCLUDING RACIAL JUSTICE FOR ATTORNEYS AND OTHER STAFF; FOR THE ADVOCATE, COLLABORATE, EDUCATE AND REPRESENT PROGRAM TO REMOVE LEGAL BARRIERS TO OPPORTUNITY | $131,000 |
OPEN DOORS ACADEMY PURPOSE: FOR NEWLY REDESIGNED PROGRAMMING FOR SCHOLARS AGED 14-20; FOR WORK WITH THE DIVERSITY CENTER OF NORTHEAST OHIO ON DIVERSITY, EQUITY, AND INCLUSION; TO DEVELOP A NEW WEBSITE; VENUE FOR BOARD MEETING DONATION | $106,750 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Deaconess Foundation has recieved totaling $12,806.
| Awarding Organization | Amount |
|---|---|
Cleveland Foundation Cleveland, OH PURPOSE: GENERAL SUPPORT | $12,806 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Moravian Village Of Bethlehem Bethlehem, PA | $74,343,954 | $19,911,429 |
Masonic Home Independent Living Ii Inc Masonic Home, KY | $142,516,912 | $16,410,935 |
Wesleyan Senior Care Inc Elyria, OH | $38,781,786 | $23,501,325 |
Sarah A Reed Home Erie, PA | $16,706,184 | $19,190,049 |
Saint Anne Home And Retirment Community Fort Wayne, IN | $21,467,824 | $25,970,139 |
Williamsport Home Williamsport, PA | $21,816,206 | $17,908,824 |
Vista Grande Villa Jackson, MI | $18,128,782 | $15,877,096 |
Prairie Landing Community Inc Indianapolis, IN | $109,459,923 | $13,961,062 |
Holy Family Senior Living Bethlehem, PA | $8,945,725 | $16,667,938 |
Hubbard Hill Estates Inc Elkhart, IN | $40,723,668 | $16,327,220 |
Mother Angeline Mccrory Manor Inc Columbus, OH | $23,036,099 | $15,389,300 |
Manor Care Of Tacoma Wa Association Toledo, OH | $1,605,997 | $12,220,932 |