Ashtabula Foundation
- Assets
- $21.7m
- Revenue
- $2.6m
- Investments
- $21.6m
- Employees
- 0
- Location
- Ashtabula, OH
- Founding
- 07/1944
- Data as of
- 12/2021
- EIN
- 34-6538130
Organization Overview
Ashtabula Foundation is located in Ashtabula, OH. The organization was established in 1944. 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. Ashtabula 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, Ashtabula Foundation generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 45.1% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 6.0% per year over the past 4 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 2020, Ashtabula Foundation has awarded 137 individual grants totaling $1,802,638. 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 |
|---|---|---|---|
Roy H Bean Trustee | 2 | $0 | |
Carolyn Turk Vice President/trustee | 2 | $0 | |
Dr Jerome R Brockway Trustee | 2 | $0 | |
Rick Coblitz Trustee | 2 | $0 | |
Roger Corlett Treasurer/trustee | 2 | $0 | |
Tim Green Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $312,238 |
| Interest on Savings | $0 |
| Dividends & Interest | $472,460 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,760,969 |
| Capital Gain Net Income | $1,760,969 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,085 |
| Total Revenue | $2,559,752 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $58,187 |
| Pension plans, employee benefits | $6,183 |
| Interest | $0 |
| Taxes | $4,091 |
| Depreciation | $1,113 |
| Occupancy | $23,313 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $44,627 |
| Total operating and administrative expenses | $260,402 |
| Contributions, gifts, grants paid | $945,173 |
| Total expenses and disbursements | $1,205,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,444 |
| 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 | $15,311,551 |
| Net Land, buildings, and equipment | $8,239 |
| Other assets | $8,154 |
| Total assets | $21,661,405 |
| 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 | $1,586 |
| Total liabilities | $1,586 |
Grants Awarded
Over the last fiscal year, Ashtabula Foundation has awarded $1,235,173 in support to 72 organizations.
| Grant Recipient | Amount |
|---|---|
Ashtabula, OH PURPOSE: GRANT PROJECTS | $260,000 |
KSU RESEARCH CORP PURPOSE: HEALTH & SCIENCES EQUIPMENT UPGRADE GRANT | $142,850 |
ASHTABULA TOWNSHIP PARK COMMISSION PURPOSE: STORAGE AND MAINTENANCE BUILDING PROJECT | $130,000 |
Ashtabula, OH PURPOSE: 2021-2022 LIVE UNITED CAMPAIGN | $80,000 |
ACMC PURPOSE: DESIGNATED GIFT | $58,051 |
UH CONNEAUT MEDICAL CENTER PURPOSE: FOOD FOR LIFE PROGRAM | $48,200 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ashtabula Foundation has recieved totaling $65,000.
| Awarding Organization | Amount |
|---|---|
Mfg Foundation Ashtabula, OH PURPOSE: TO SUPPORT THE FOUNDATION'S MISSION OF THE BETTERMENT OF ASHTABULA COUNTY, OHIO THROUGH SERVING AS A PROACTIVE AND RESPONSIVE FORCE IN ADDRESSING CHARITABLE, RELIGIOUS, EDUCATIONAL, QUALITY OF LIFE, AND OTHER WORTHY CAUSES. | $35,000 |
The Business Of Good Foundation Ashtabula, OH PURPOSE: GENERAL OPERATIONS | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |