The Bay Village Foundation
- Assets
- $768.2k
- Revenue
- $136.2k
- Investments
- $81.2k
- Employees
- 0
- Location
- Bay Village, OH
- Founding
- 03/1996
- Data as of
- 12/2021
- EIN
- 34-1801638
Organization Overview
The Bay Village Foundation is located in Bay Village, OH. The organization was established in 1996. According to its NTEE Classification (T31) the organization is classified as: Community 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. Bay Village 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, Bay Village Foundation generated $136.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $52.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE VILLAGE FOUNDATION EXISTS TO PROVIDE SUPPORT FOR PROJECTS AND PROGRAMS FOSTERING THE CITY OF BAY VILLAGE'S HISTORICAL, CULTURAL AND EDUCATIONAL HERITAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY ORGANIZATION GRANTS
SCHOLARSHIPS
COMMUNITY EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Urbanic Secretary | Officer | $0 | |
Mindy Stroh Vice Preside | Officer | $0 | |
Richard Veres President | Officer | $0 | |
Jeff Goggins Treasurer | Officer | $0 | |
Anne Ashley Trustee | Trustee | $0 | |
Jodie Hausmann Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $82,622 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,622 |
| Total Program Service Revenue | $5 |
| Investment income | $53,532 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $136,159 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $29,223 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,080 |
| Fees for services: Other | $214 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,604 |
| All other expenses | $1,552 |
| Total functional expenses | $52,753 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,428 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $588,544 |
| Investments—other securities | $81,231 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $768,203 |
| Accounts payable and accrued expenses | $9,883 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,883 |
| Net assets without donor restrictions | $680,132 |
| Net assets with donor restrictions | $78,188 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $768,203 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that The Bay Village Foundation has recieved totaling $13,505.
| Awarding Organization | Amount |
|---|---|
Community West Foundation Westlake, OH PURPOSE: SEE PART IV | $10,000 |
Karens Way Bay Village, OH PURPOSE: PUBLIC SUPPORT | $2,500 |
The@bay Foundation Bay Village, OH PURPOSE: SOCIAL | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Of Greater Fort Wayne Inc Fort Wayne, IN | $181,936,459 | $11,602,152 |
Midland Area Community Foundation Midland, MI | $121,202,704 | $11,959,875 |
Community Foundation Of Western Pennsylvania And Eastern Ohio Sharon, PA | $123,167,161 | $16,344,885 |
York County Community Foundation York, PA | $208,424,639 | $17,313,520 |
Community Foundation Of Lorain County Elyria, OH | $163,012,004 | $27,165,624 |
Wayne County Community Foundation Wooster, OH | $110,981,023 | $15,756,594 |
Berrien Community Foundation Inc St Joseph, MI | $80,848,791 | $11,315,608 |
Troy Foundation Troy, OH | $148,750,693 | $14,638,954 |
Richland County Foundation Of Mansfield Mansfield, OH | $226,473,727 | $18,165,372 |
Chester County Community Foundation Inc West Chester, PA | $86,163,241 | $21,195,715 |
Community Foundation Of Southern Indiana Inc New Albany, IN | $128,848,099 | $8,060,969 |
Hamilton Community Foundation Inc Hamilton, OH | $145,905,583 | $25,541,402 |