Donald And Alice Noble Foundation
- Assets
- $24.8m
- Revenue
- $185.8k
- Investments
- $22.7m
- Employees
- 0
- Location
- Wooster, OH
- Founding
- 12/1991
- Data as of
- 12/2020
- EIN
- 34-1665641
Organization Overview
Donald And Alice Noble Foundation is located in Wooster, OH. The organization was established in 1991. 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. Donald And Alice Noble 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 12/2020, Donald And Alice Noble Foundation generated $185.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (34.4%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Donald And Alice Noble Foundation has awarded 542 individual grants totaling $11,164,269. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OPERATES AN ICE ARENA OWNED BY THE WOOSTER CITY SCHOOL DISTRICT. THE ICE ARENA IS FOR THE BENEFIT OF WOOSTER AND THE SURROUNDING COMMUNITIES. THE PERIOD OF
TIME THAT THE FOUNDATION WILL BE OPERATING THE ICE ARENA HAS YET TO BE DETERMINED. THE FOUNDATION IS OBLIGATED TO OPERATE THE ICE ARENA UNTIL IT BECOMES SELF-SUPPORTING. THE
ICE ARENA BENEFITS THE COMMUNITY BY OFFERING REASONABLE COST FAMILY ENTERTAINMENT. THE ICE ARENA ALSO IS BEING USED TO DEVELOP A COMMUNITY ICE HOCKEY PROGRAM. THE ICE ARENA IS
LOCATED ON PROPERTY OWNED BY THE SCHOOL DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David D Noble President | 30 | $100,000 | |
Nancy L Holland Vice President | 1 | $0 | |
Steve Matthew Trustee | 1 | $0 | |
Matthew Noble Trustee | 20 | $0 | |
Frank Rasmussen Trustee Thru 5/21/22 | 1 | $0 | |
Donald Noble II Secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Credit Suisse | 12/30/15 | $159,630 |
Morgan Stanley (Ein 26-4310632) | 12/30/15 | $83,271 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000 |
| Interest on Savings | $228,212 |
| Dividends & Interest | $5,439 |
| Net Rental Income | $900 |
| Net Gain on Sale of Assets | -$420,785 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $11,767 |
| Other Income | $335,287 |
| Total Revenue | $185,820 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Other employee salaries and wages | $275,033 |
| Pension plans, employee benefits | $61,765 |
| Interest | $0 |
| Taxes | $12,348 |
| Depreciation | $8,075 |
| Occupancy | $31,392 |
| Travel, conferences, and meetings | $7,447 |
| Printing and publications | $0 |
| Other expenses | $814,569 |
| Total operating and administrative expenses | $1,335,919 |
| Contributions, gifts, grants paid | $719,225 |
| Total expenses and disbursements | $2,055,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $265,321 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $7,265 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $301,339 |
| Inventories for sale or use | $3,073 |
| Prepaid expenses and deferred charges | $8,061 |
| Net Investments - land, buildings, equipment | $1,501,603 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,978,966 |
| Net Land, buildings, and equipment | $13,582 |
| Other assets | $2,520 |
| Total assets | $24,771,116 |
| Accounts payable and accrued expenses | $25,668 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $87,800 |
| Other liabilities | $21,568 |
| Total liabilities | $135,036 |
Grants Awarded
Over the last fiscal year, Donald And Alice Noble Foundation has awarded $1,639,073 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
WCCF - NOBLE FOUNDATION DONOR ADVISED FUND PURPOSE: GENERAL OPERATING & PROGRAM SUPPORT | $800,000 |
Wooster, OH PURPOSE: GENERAL OPERATING & PROGRAM SUPPORT | $100,000 |
CASE WESTERN RESERVE UNIVERSITY (GAYLE SCHOLARSHIP PURPOSE: GENERAL OPERATING & PROGRAM SUPPORT | $100,000 |
Wooster, OH PURPOSE: GENERAL OPERATING & PROGRAM SUPPORT | $66,000 |
Wooster, OH PURPOSE: GENERAL OPERATING & PROGRAM SUPPORT | $51,000 |
Camden, ME PURPOSE: GENERAL OPERATING & PROGRAM SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |