Presidents Council Foundation Inc
- Assets
- $175.9k
- Revenue
- $130.2k
- Investments
- $0.0
- Employees
- 10
- Location
- Cleveland, OH
- Founding
- 06/2001
- Data as of
- 12/2021
- EIN
- 34-1943092
Organization Overview
Presidents Council Foundation Inc is located in Cleveland, OH. The organization was established in 2001. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2021, Presidents Council Foundation Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presidents Council 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 12/2021, Presidents Council Foundation Inc generated $130.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $204.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 6 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
AS A CATALYST OF INCLUSION THE PRESIDENTS COUNCIL SUPPORTS DEVELOPS ADVOCATES FOR ITS REGIONS CURRENT AND FUTURE GENERATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PC SCHOLARS PROGRAM WORKS WITH CLEVELAND AREA HIGH SCHOOL STUDENTS TO PREPARE THEM FOR HIGH SCHOOL GRADUATION AND A FUTURE THAT EXTENDS OUTSIDE THE CLASSROOM, LEARNING TACTICAL SKILLS LIKE PERSONAL FINANCE, INTERVIEWING TIPS & ENTREPRENEURSHIP THROUGH INTERACTIVE WORKSHOPS FOCUSED ON ACADEMIC ACHIEVEMENT, LEADERSHIP CAREER PREPARDNESS & LIFE SKILLS.
IN KEEPING WITH OUR MISSION TO DEVELOP OUR REGION'S CURRENT GENERATION OF AFRICAN AMERICAN ENTREPRENEURS, PCF PROVIDES TRAINING, RESOURCES & NETWORKS TO MINORITY ENTERPRISES IN NORTHEAST OHIO WITH OVER 120 GRADUATES FROM THE PROGRAM SINCE ITS INCEPTION IN 2001 AND WITH 65% OF SUCCEEDED IN BECOMING A SUPERIOR RESOURCE FOR THE STRENTHING OF AFRICAN AMERICAN BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erica Penick Executive Director | Trustee | 24 | $23,300 |
Brian E Hall Chairman | OfficerTrustee | 1 | $0 |
Tameka Taylor Secretary | OfficerTrustee | 1 | $0 |
Eddie Taylor Jr Chairman | OfficerTrustee | 1 | $0 |
Montrie R Adams Director | Trustee | 1 | $0 |
Joseph Chubb Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $25,000 |
| Fundraising events | $59,213 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,213 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $130,213 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $73,393 |
| 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 | $23,300 |
| Other salaries and wages | $35,352 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,929 |
| Payroll taxes | $4,024 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,336 |
| Fees for services: Accounting | $1,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $790 |
| Office expenses | $4,062 |
| Information technology | $1,594 |
| Royalties | $0 |
| Occupancy | $1,501 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,643 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $303 |
| Insurance | $932 |
| All other expenses | $1,290 |
| Total functional expenses | $204,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,568 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $108,152 |
| 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 | $5,271 |
| Net Land, buildings, and equipment | $1,703 |
| Investments—publicly traded securities | $173 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $175,867 |
| Accounts payable and accrued expenses | $35,862 |
| 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 | $175 |
| Total liabilities | $36,037 |
| Net assets without donor restrictions | $110,626 |
| Net assets with donor restrictions | $29,204 |
| 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 | $175,867 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Presidents Council Foundation Inc has recieved totaling $17,762.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $12,250 |
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $5,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edison Welding Institute Inc Columbus, OH | $23,258,662 | $30,160,684 |
W E Upjohn Unemployment Trustee Corporation Kalamazoo, MI | $279,939,178 | $28,869,507 |
Alternative Services Inc Livonia, MI | $7,366,865 | $19,260,282 |
Eastern Kentucky Concentrated Employment Program Inc Hazard, KY | $3,193,926 | $15,607,928 |
Berrien-Cass-Vanburen Workforce Development Board Inc Benton Harbor, MI | $2,581,468 | $13,721,312 |
Jobworks Inc Fort Wayne, IN | $2,850,480 | $13,765,612 |
Ohio Operating Engineers Apprenticeship Fund Columbus, OH | $28,221,332 | $11,797,420 |
Nueva Esperanza Philadelphia, PA | $22,032,264 | $12,218,705 |
United Labor Agency Inc Cleveland, OH | $1,262,964 | $7,870,324 |
Hobart Institute Of Welding Technology Troy, OH | $21,990,854 | $8,624,823 |
International Union Of Operating Engineers Local 324 Health & Welfa Troy, MI | $11,444,859 | $7,479,654 |
Eastern Atlantic States Carpenters Technical College Philadelphia, PA | $14,328,660 | $6,924,336 |