The Conneaut Foundation
- Assets
- $1.5m
- Revenue
- $135.3k
- Investments
- $1.0m
- Employees
- 0
- Location
- Conneaut, OH
- Founding
- 06/1997
- Data as of
- 12/2021
- EIN
- 34-1752119
Organization Overview
The Conneaut Foundation is located in Conneaut, OH. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Conneaut 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, Conneaut Foundation generated $135.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $89.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Conneaut Foundation has awarded 132 individual grants totaling $364,293. 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 |
|---|---|---|---|
Keith Schreiber Vice President | 10 | $0 | |
Barb Gurto Trustee | 10 | $0 | |
Nick Perkoski Trustee | 10 | $0 | |
Lori Stevens Treasurer | 10 | $0 | |
Kathy Zappitello President | 10 | $0 | |
Luke Gallagher Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $618 |
| Interest on Savings | $4 |
| Dividends & Interest | $21,749 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $112,716 |
| Capital Gain Net Income | $112,716 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $214 |
| Total Revenue | $135,301 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $653 |
| Depreciation | $0 |
| Occupancy | $2,100 |
| Travel, conferences, and meetings | $726 |
| Printing and publications | $0 |
| Other expenses | $35,239 |
| Total operating and administrative expenses | $53,300 |
| Contributions, gifts, grants paid | $36,300 |
| Total expenses and disbursements | $89,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,773 |
| Savings and temporary cash investments | $83,000 |
| 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 | $306,622 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,047,827 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $14,525 |
| Total assets | $1,498,747 |
| 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, The Conneaut Foundation has awarded $36,300 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CONNEAUT PORT AUTHORITY PURPOSE: FOR ECONOMIC DEVELOPMENT CONSULTANT | $20,000 |
UH CONNEAUT MEDICAL CENTER PURPOSE: CANCER SERVICES | $10,000 |
MAKE A WISH PURPOSE: CAMPER FOR A LOCAL KID | $1,750 |
GOOD KARMA KITCHEN PURPOSE: PURCHASE OF KITCHENWARE | $1,350 |
Andover, OH PURPOSE: TENDER MERCIS KITCHEN | $1,000 |
LEGAL AID SOCIETY PURPOSE: LEGAL SERVICES PROVIDED IN ASHTABULA COUNTY OH | $700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asante Foundation Inc South Bend, IN | $170,490,031 | $16,382,298 |
The Steve & Amy Van Andel Foundation Grand Rapids, MI | $111,040,892 | $8,504,096 |
Linlundh Foundation Huntingdon Valley, PA | $26,974,319 | $5,576,892 |
Hamilton Family Charitable Trust Wayne, PA | $141,914,105 | $43,786,350 |
Deborah Joy Simon Foundation Carmel, IN | $67,791,546 | $8,858,983 |
Hillier Family Foundation Akron, OH | $0 | $3,603,112 |
Daniel B And Florence E Green Foundation Conshohocken, PA | $179,390,509 | $18,946,870 |
Wing Shadow Foundation Ada, MI | $89,908,464 | $23,772,931 |
Seed The Dream Foundation Gladwyne, PA | $47,208,358 | $1,088,502 |
Hazel Ruby Mcquain Charitable Tr Morgantown, WV | $103,286,088 | $9,092,496 |
Scripps-Howard Foundation Cincinnati, OH | $57,417,924 | $12,029,094 |
Albert J Weatherhead Estate Trust Uw Item Iv National City Bk Of Cle Mayfield Heights, OH | $171,110,624 | $12,657,241 |