The Goodyear Foundation
- Assets
- $8.7m
- Revenue
- $171.6k
- Investments
- $7.9m
- Employees
- 0
- Location
- Akron, OH
- Founding
- 05/1955
- Data as of
- 12/2022
- EIN
- 34-6522959
Organization Overview
The Goodyear Foundation is located in Akron, OH. The organization was established in 1955. 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. Goodyear 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 12/2022, Goodyear Foundation generated $171.6k 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 (17.9%) each year. All expenses for the organization totaled $796.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Goodyear Foundation has awarded 13 individual grants totaling $2,719,258. 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 |
|---|---|---|---|
Richard J Kramer Chairman & President | 0.1 | $0 | |
Evan M Scocos Vice President & Controller | 0.5 | $0 | |
Christina L Zamarro Vice President & Treasurer | 0 | $0 | |
Michalegne Borowske Assistant Treasurer | 0 | $0 | |
Daniel T Young Vice President & Secretary | 0.25 | $0 | |
Jennifer L Strazzella Assistant Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $234,658 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$63,030 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $171,628 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,973 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $53,129 |
| Contributions, gifts, grants paid | $743,508 |
| Total expenses and disbursements | $796,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $820,074 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,728,364 |
| 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, The Goodyear Foundation has awarded $743,508 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE CLEVELAND ORCHESTRA PURPOSE: DONATION | $125,000 |
AKRON CHILDRENS HOSPITAL PURPOSE: DONATION | $282,758 |
THE UNIVERSITY OF AKRON PURPOSE: DONATION | $335,750 |