577 Foundation
- Assets
- $2.6m
- Revenue
- $1.0m
- Investments
- $808.4k
- Employees
- 0
- Location
- Perrysburg, OH
- Founding
- 01/1989
- Data as of
- 12/2021
- EIN
- 34-1591869
Organization Overview
577 Foundation is located in Perrysburg, OH. The organization was established in 1989. 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. 577 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, 577 Foundation generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $878.4k during the year ending 12/2021. While expenses have increased by 1.0% per year over the past 7 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
409 CLASSES & PROGRAMS WITH 3516 PARTICIPANTS
3 SPECIAL EVENTS WITH 721 PARTICIPANTS 5 TOURS WITH 59 PARTICIPANTS
43 MEETINGS WITH 396 PARTICIPANTS
6 GARDEN MEETINGS WITH 125 PARTICIPANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Gallant Executive Di | 40 | $91,340 | |
Michael Mummert Employee | 40 | $65,530 | |
Julie Beutler Employee | 40 | $61,473 | |
Chuck A Stocking Vice Preside | 2 | $0 | |
Dick Sipp President | 2 | $0 | |
Michael Miller Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $808,625 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,059 |
| Net Rental Income | $31,750 |
| Net Gain on Sale of Assets | $17,040 |
| Capital Gain Net Income | $17,040 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $145,372 |
| Total Revenue | $1,014,846 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $91,340 |
| Other employee salaries and wages | $327,590 |
| Pension plans, employee benefits | $122,299 |
| Interest | $2,435 |
| Taxes | $11,880 |
| Depreciation | $127,232 |
| Occupancy | $29,513 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $144,522 |
| Total operating and administrative expenses | $878,399 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $878,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,683 |
| Savings and temporary cash investments | $143,571 |
| 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 | $13,042 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,502,782 |
| Other assets | $0 |
| Total assets | $2,632,499 |
| 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 | $209,729 |
| Other liabilities | $2,720 |
| Total liabilities | $212,449 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that 577 Foundation has recieved totaling $703,500.
| Awarding Organization | Amount |
|---|---|
Toledo Community Foundation Toledo, OH PURPOSE: GENERAL SUPPORT, 2021 OPERATING NEEDS | $685,000 |
Entelco Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $18,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |