Bokom Foundation Inc
- Assets
- $1.0m
- Revenue
- $29.9k
- Investments
- $1.0m
- Employees
- 0
- Location
- Sharon Center, OH
- Founding
- 06/1994
- Data as of
- 12/2022
- EIN
- 34-1760423
Organization Overview
Bokom Foundation Inc is located in Sharon Center, OH. The organization was established in 1994. 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. Bokom Foundation Inc 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, Bokom Foundation Inc generated $29.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.8%) each year. All expenses for the organization totaled $52.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bokom Foundation Inc has awarded 483 individual grants totaling $612,450. 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 |
|---|---|---|---|
George R Klein Presedent | 0 | $0 | |
Susan A Klein Vice President | 0 | $0 | |
Megan Kowalchick Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,846 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,879 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,897 |
| Total Revenue | $29,864 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $98 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,698 |
| Contributions, gifts, grants paid | $49,000 |
| Total expenses and disbursements | $52,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,114 |
| 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 | $853,025 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,021,053 |
| 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, Bokom Foundation Inc has awarded $49,000 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
OHIO ENVIRONMENTAL COUNCIL PURPOSE: DONATION | $1,500 |
ASPEN CENTER FOR ENVIRONMENTAL S PURPOSE: DONATION | $200 |
CLEVELAND METROPARKS PURPOSE: DONATION | $200 |
BATH HISTORICAL SOCIETY PURPOSE: DONATION | $100 |
AKRON ART MUSEUM PURPOSE: DONATION | $2,000 |
BATH PONY CLUB PURPOSE: DONATION | $200 |