College Club Of Cleveland Foundation
- Assets
- $926.1k
- Revenue
- $62.4k
- Investments
- $901.3k
- Employees
- 0
- Location
- Solon, OH
- Founding
- 04/1988
- Data as of
- 12/2022
- EIN
- 34-1569601
Organization Overview
College Club Of Cleveland Foundation is located in Solon, OH. The organization was established in 1988. 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. College Club Of Cleveland 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 12/2022, College Club Of Cleveland Foundation generated $62.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $43.2k during the year ending 12/2022. While expenses have increased by 4.9% per year over the past 8 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 2015, College Club Of Cleveland Foundation has awarded 91 individual grants totaling $527,874. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIMARY ACTIVITY IS TO ISSUE EDUCATIONAL SCHOLARSHIPS TO UNIVERSITIES ON BEHALF OF QUALIFIED CANDIDATES. IN 2022, 4 QUALIFIED CANDIDATES RECEIVED SCHOLARSHIPS AND A LARGE DONATION WAS MADE TO SUPPORT THE "SAY YES" CAMPAIGN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Gorenshek President | 1 | $0 | |
Patricia Miller Vice-President | 1 | $0 | |
Nancy Erdey Secretary | 1 | $0 | |
Barbara Decker Treasurer | 1 | $0 | |
Pat Miller Scholarship Chair | 1 | $0 | |
Karen Walsh Scholarship | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,575 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,758 |
| Capital Gain Net Income | $31,758 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $62,383 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $533 |
| Total operating and administrative expenses | $13,166 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $43,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,815 |
| Savings and temporary cash investments | $0 |
| 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 | $926,106 |
| 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, College Club Of Cleveland Foundation has awarded $30,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CLEVELAND STATE UNIVERSITY PURPOSE: SCHOLARSHIP FOR SETH ALLEN | $2,500 |
CUYAHOGA COMMUNITY COLLEGE FOUNDATION PURPOSE: SCHOLARSHIP | $20,000 |
OHIO STATE UNIVERSITY PURPOSE: SCHOLARSHIP FOR ALEXANDRA MCCULLOUGH | $2,500 |
UNIVERSITY OF CINCINNATI PURPOSE: SCHOLARSHIP FOR APRILYNNE GABLE | $5,000 |