Community Fund Management Foundation
- Assets
- $9.4m
- Revenue
- $2.5m
- Investments
- $6.4m
- Employees
- 13
- Location
- Middleburg Heights, OH
- Founding
- 12/1997
- Data as of
- 12/2022
- EIN
- 34-1801905
Organization Overview
Community Fund Management Foundation, operating under the name Community Fund Ohio, is located in Middleburg Heights, OH. The organization was established in 1997. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2022, Community Fund Ohio employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Fund Ohio 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, Community Fund Ohio generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 10.6% per year over the past 8 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 2016, Community Fund Ohio has awarded 110 individual grants totaling $1,432,964. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND MAKE AVAILABLE TRUST VEHICLES, EDUCATION, AND RELATED SERVICES FOR DISABLED INDIVIDUALS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY FUND MANAGEMENT FOUNDATION (THE FOUNDATION) ESTABLISHES AND ADMINISTERS SEVERAL TYPES OF TRUSTS, EDUCATION PROGRAMS AND RELATED SERVICES FOR OHIO RESIDENTS WITH DISABILITIES. DURING THE YEAR ENDED DECEMBER 31, 2022, A TOTAL OF 358 NEW TRUSTS WERE ESTABLISHED FOR CLIENTS. AS OF DECEMBER 31, 2022, THE FOUNDATION HAD SET UP AND WAS ADMINISTERING A TOTAL OF 5,761 TRUSTS FOR CLIENTS.
CFMF PROVIDES GRANTS TO INDIVIDUALS AND NONPROFIT ORGANIZATIONS.CFMF OFFERS TWO TYPES OF GRANTS FOR INDIVIDUALS: THE HARDSHIP/EMERGENT NEEDS GRANTS ARE FOR THOSE WHO SEEK RELIEF FROM A HARDSHIP OR ASSISTANCE WITH AN EMERGENT NEED. THE EDUCATIONAL / ASSISTANCE GRANT IS FOR INDIVIDUALS WHO WISH TO APPLY FOR THE COST OF TUITION AND/OR TRAVEL EXPENSES TO ATTEND AN EDUCATIONAL PROGRAM, INCLUDING BUT NOT LIMITED TO, A SEMINAR, SCHOOL, OR CONTINUING EDUCATION PROGRAM. GRANTS FOR NONPROFIT ORGANIZATIONS ARE OFFERED TO ORGANIZATIONS THAT PROVIDE DIRECT SERVICES OR IMPROVE ACCESS TO SERVICES FOR PEOPLE WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin A Craine ESQ Member | OfficerTrustee | 2 | $0 |
Laura Mathews Member | OfficerTrustee | 2 | $0 |
Maggie L Sutton ESQ Chairperson | OfficerTrustee | 1 | $0 |
Elaine Eisner Member | Trustee | 1 | $0 |
Carla Tricarichi Member | Trustee | 1 | $0 |
Kelly A Petty Vice-Chairperson | Trustee | 1 | $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 | $1,102,224 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,102,224 |
| Total Program Service Revenue | $1,196,832 |
| Investment income | $165,527 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $27,284 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,491,867 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $229,632 |
| Grants and other assistance to domestic individuals. | $169,100 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $112,290 |
| Compensation of current officers, directors, key employees. | $11,229 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $468,018 |
| Pension plan accruals and contributions | $11,276 |
| Other employee benefits | $0 |
| Payroll taxes | $47,597 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,971 |
| Fees for services: Accounting | $30,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $76,224 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $104,377 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $87,229 |
| Travel | $2,561 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,368 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,674 |
| Insurance | $5,012 |
| All other expenses | $14,078 |
| Total functional expenses | $1,398,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,686,384 |
| Savings and temporary cash investments | $484,099 |
| 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 | $16,019 |
| Net Land, buildings, and equipment | $179,028 |
| Investments—publicly traded securities | $594,738 |
| Investments—other securities | $6,416,085 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,275 |
| Total assets | $9,381,628 |
| Accounts payable and accrued expenses | $27,096 |
| 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 | $27,096 |
| Net assets without donor restrictions | $9,354,532 |
| Net assets with donor restrictions | $0 |
| 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 | $9,381,628 |
Grants Awarded
Over the last fiscal year, Community Fund Management Foundation has awarded $213,011 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
COURAGEOUS COMMUNITY SERVICES PURPOSE: SENSORY CAMP CABIN, ELECTRICAL UPDATES, SENSORY PROGRAM TRAININING/EQUIPMENT | $12,388 |
SOLON COMMUNITY LIVING INC PURPOSE: ADA COMPLIANT TEACHING KITCHEN | $15,155 |
GOOD WORKS FARM INC PURPOSE: PASSENGER VAN | $20,000 |
VOICES OF CHANGE 2018 PURPOSE: HOURLY RATE FOR EDITOR, ARTISTS, CONSULTANTS FOR BOOK SERIES | $7,500 |
THE ARC OF ALLEN COUNTY PURPOSE: PLAYGROUND ENTRANCE, SHOWER | $20,000 |
UNITED DISABILITY SERVICES INC PURPOSE: MATCH FUNDING FOR 5 TRANSIT BUSES | $10,000 |