Synthomer Foundation Inc
- Assets
- $24.0m
- Revenue
- $414.0k
- Investments
- $23.2m
- Employees
- 0
- Location
- Beachwood, OH
- Founding
- 04/2000
- Data as of
- 12/2023
- EIN
- 34-1909350
Organization Overview
Synthomer Foundation Inc is located in Beachwood, OH. The organization was established in 2000. 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. Synthomer 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 12/2023, Synthomer Foundation Inc generated $414.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (32.4%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Synthomer Foundation Inc has awarded 871 individual grants totaling $4,254,227. 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 |
|---|---|---|---|
S Theresa Carter Foundation Manager | 40 | $180,293 | |
Gregg Geldart Chairman | 1 | $0 | |
Jeffrey Scranton Treasurer | 1 | $0 | |
Kimberly Grimm Trustee | 1 | $0 | |
Joe Muska Secretary | 1 | $0 | |
Amy Castle Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,896 |
| Dividends & Interest | $845,905 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$450,889 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,087 |
| Total Revenue | $413,999 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $180,293 |
| Other employee salaries and wages | $84,205 |
| Pension plans, employee benefits | $32,208 |
| Interest | $0 |
| Taxes | $46,119 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $8,697 |
| Other expenses | $5,366 |
| Total operating and administrative expenses | $369,602 |
| Contributions, gifts, grants paid | $1,364,268 |
| Total expenses and disbursements | $1,733,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $771,381 |
| 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 | $10,484,039 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $23,983,054 |
| 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, Synthomer Foundation Inc has awarded $1,364,268 in support to 313 organizations.
| Grant Recipient | Amount |
|---|---|
158 INC PURPOSE: PROGRAM/PROJECT SUPPORT | $2,500 |
158 INC PURPOSE: PROGRAM/PROJECT SUPPORT | $2,500 |
A KID AGAIN NORTHERN OHIO CH PURPOSE: PROGRAM/PROJECT SUPPORT | $5,000 |
ACCESS INC PURPOSE: PROGRAM/PROJECT SUPPORT | $5,000 |
ACHIEVEMENT CTRS CHILDREN PURPOSE: PROGRAM/PROJECT SUPPORT | $5,000 |
ADELPHOI VILLAGE INC PURPOSE: PROGRAM/PROJECT SUPPORT | $750 |