Fred A Lennon Charitable Tr Private Foundation
- Assets
- $81.8m
- Revenue
- $19.7m
- Investments
- $80.4m
- Employees
- 0
- Location
- Pepper Pike, OH
- Founding
- 02/1994
- Data as of
- 12/2021
- EIN
- 34-1761181
Organization Overview
Fred A Lennon Charitable Tr Private Foundation is located in Pepper Pike, OH. The organization was established in 1994. 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. Fred A Lennon Charitable Tr Private 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, Fred A Lennon Charitable Tr Private Foundation generated $19.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 30.8% each year . All expenses for the organization totaled $5.0m during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 6 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 2020, Fred A Lennon Charitable Tr Private Foundation has awarded 249 individual grants totaling $7,960,169. 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 |
|---|---|---|---|
Norbert J Tobbe Trustee | 1 | $25,000 | |
Thomas J Janoch Trustee/treasurer | 4 | $25,000 | |
Timothy P Ryan Trustee | 1 | $25,000 | |
Douglas S Spicer Trustee/secretary | 5 | $25,000 | |
David E Waltermire Trustee | 1 | $25,000 | |
Christopher Hitchcock Executive Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $664 |
| Dividends & Interest | $1,152,510 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,488,053 |
| Capital Gain Net Income | $18,488,053 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $32,160 |
| Total Revenue | $19,673,387 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $125,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $220,473 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $65,803 |
| Total operating and administrative expenses | $850,706 |
| Contributions, gifts, grants paid | $4,155,744 |
| Total expenses and disbursements | $5,006,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,334,590 |
| 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 | $4,926,635 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $81,764,252 |
| 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, Fred A Lennon Charitable Tr Private Foundation has awarded $4,155,744 in support to 126 organizations.
| Grant Recipient | Amount |
|---|---|
JULIE BILLIART SCHOOLS PURPOSE: GENERAL SUPPORT | $627,000 |
CLEVELAND CLINIC FOUNDATION PURPOSE: GENERAL SUPPORT | $500,000 |
LANO STUDIO PURPOSE: GENERAL SUPPORT | $250,000 |
METROHEALTH HOSPITAL FOUNDATION PURPOSE: GENERAL SUPPORT | $200,000 |
TEACH FOR AMERICA PURPOSE: GENERAL SUPPORT | $125,000 |
ASHBROOK CENTER FOR PUBLIC AFFAIRS PURPOSE: GENERAL SUPPORT | $110,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH | $318,390,176 | $10,905,260 |
Mathile Family Foundation Dayton, OH | $0 | $5,909,915 |
John W Anderson Foundation Valparaiso, IN | $342,409,938 | $34,395,256 |
Gilbert Fam Foundation Detroit, MI | $16,505,480 | $22,733,689 |
Herbert Simon Family Foundation Indianapolis, IN | $26,075,189 | $9,696,254 |
Richard And Helen Devos Foundation Grand Rapids, MI | $31,037 | $11,215,000 |
Huntington Foundation Columbus, OH | $456,967 | $10,970,786 |
Zachary Smith Reynolds Trust Pittsburgh, PA | $187,892,547 | $20,789,622 |
Franciscan Health Foundation Inc Mishawaka, IN | $46,155,507 | $9,741,999 |
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 |