Nord Family Foundation
- Assets
- $220.5m
- Revenue
- $13.6m
- Investments
- $216.2m
- Employees
- 0
- Location
- Amherst, OH
- Founding
- 10/1988
- Data as of
- 12/2021
- EIN
- 34-1595929
Organization Overview
Nord Family Foundation is located in Amherst, OH. The organization was established in 1988. 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. Nord Family 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, Nord Family Foundation generated $13.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $11.3m during the year ending 12/2021. While expenses have increased by 9.2% per year over the past 5 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 2018, Nord Family Foundation has awarded 1,369 individual grants totaling $35,793,981. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE OF HISTORICALLY SIGNIFICANT PROPERTIES FOR EDUCATIONAL OR OTHER CHARITABLE PURPOSES: NEW UNION CENTER FOR THE ARTS - $106,564 SANDSTONE VILLAGE - $31,357 OBERLIN DEPOT - $93,714
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Richardson Executive Director | 40 | $206,800 | |
Ann M Kiernozek Controller | 26 | $101,150 | |
Nicholas Turner Program Officer | 40 | $93,600 | |
Latina Kimbrough Program Officer | 40 | $85,820 | |
Fallon Peterson Program Officer | 40 | $85,820 | |
Sharon Bennett Grants Manager | 40 | $69,720 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fisher Investments | 12/30/19 | $98,306 |
The Patterson Capital Corp | 12/30/19 | $88,003 |
Keybank | 12/30/19 | $56,088 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $32,000 |
| Interest on Savings | $467,102 |
| Dividends & Interest | $1,638,800 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,444,325 |
| Capital Gain Net Income | $11,444,325 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,085 |
| Total Revenue | $13,583,312 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $228,942 |
| Other employee salaries and wages | $521,594 |
| Pension plans, employee benefits | $266,620 |
| Interest | $0 |
| Taxes | $190,705 |
| Depreciation | $58,365 |
| Occupancy | $5,840 |
| Travel, conferences, and meetings | $70,794 |
| Printing and publications | $0 |
| Other expenses | $402,903 |
| Total operating and administrative expenses | $1,947,419 |
| Contributions, gifts, grants paid | $9,313,422 |
| Total expenses and disbursements | $11,260,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,074 |
| Savings and temporary cash investments | $403,659 |
| 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 | $3,667,507 |
| Other assets | $20,400 |
| Total assets | $220,538,374 |
| 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, Nord Family Foundation has awarded $9,313,422 in support to 313 organizations.
| Grant Recipient | Amount |
|---|---|
Lorain, OH PURPOSE: SUPPORT OF INCREASED ACCESS TO MEDICAL AND DENTAL CARE FOR LOW-INCOME PERSONS IN NORTH RIDGEVILLE | $150,000 |
Elyria, OH PURPOSE: GENERAL OPERATING SUPPORT FOR THE EARLY LEARNING CENTER, EARLY COLLEGE HIGH SCHOOL PROGRAM AND THE COMMODORE COMEBACK PROGRAM | $150,000 |
Elyria, OH PURPOSE: MATCHING - GENERAL OPERATING SUPPORT | $150,000 |
Lorain, OH PURPOSE: PURCHASE OF DENTAL EQUIPMENT FOR NEW SITE IN ELYRIA | $150,000 |
Cleveland, OH PURPOSE: POSTSECONDARY ACCESS INITIATIVE IN LORAIN COUNTY | $134,000 |
Lorain, OH PURPOSE: IN CONTINUED SUPPORT OF THE LORAIN COUNTY PARTNER HUNGER-RELIEF NETWORK ANNUAL BUDGET AND TOWARD PANTRYTRAK POVERTY DATA COLLECTION AND ANALYSIS PROJECT, OVER THREE YEARS | $110,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nord Family Foundation has recieved totaling $32,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Lorain County Elyria, OH PURPOSE: PROGRAM SUPPORT | $32,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
American Electric Power Foundation Columbus, OH | $61,577,266 | $10,199,855 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
Wyncote Foundation Philadelphia, PA | $612,779,360 | $16,336,575 |
Dean & Barbara White Family Foundation Inc Merrillville, IN | $792,865,434 | $81,802,743 |
Wilson Sheehan Foundation Springfield, OH | $57,339,515 | $15,119,930 |