Sherwin-Williams Foundation
- Assets
- $30.8m
- Revenue
- $387.4k
- Investments
- $30.4m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 10/1965
- Data as of
- 12/2022
- EIN
- 34-6555476
Organization Overview
Sherwin-Williams Foundation is located in Cleveland, OH. The organization was established in 1965. 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. Sherwin-Williams 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, Sherwin-Williams Foundation generated $387.4k 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 (22.8%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Sherwin-Williams Foundation has awarded 37 individual grants totaling $9,279,145. 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 |
|---|---|---|---|
J G Morikis President And Director | 1 | $0 | |
A J Mistysyn Treasurer And Director | 1 | $0 | |
M L Garceau Secretary And Director | 1 | $0 | |
T P Gilligan Assistant Secretary | 1 | $0 | |
J R Jaye Director | 1 | $0 | |
C A Lekan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,464 |
| Dividends & Interest | $657,181 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$309,427 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $36,214 |
| Total Revenue | $387,432 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $72,210 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $164,278 |
| Total operating and administrative expenses | $236,488 |
| Contributions, gifts, grants paid | $2,832,969 |
| Total expenses and disbursements | $3,069,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,519 |
| Savings and temporary cash investments | $423,466 |
| 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 | $1,591,548 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $30,834,231 |
| 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, Sherwin-Williams Foundation has awarded $3,184,469 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS RECIPIENTS RELATED TO ARTS & CULTURE PURPOSE: ARTS & CULTURE | $54,549 |
VARIOUS RECIPIENTS RELATED TO CIVIC & OTHER COMMUNITY DEVELOPMENT PURPOSE: CIVIC & OTHER COMMUNITY DEVELOPMENT | $755,058 |
VARIOUS RECIPIENTS RELATED TO EDUCATION PURPOSE: EDUCATION | $442,829 |
VARIOUS RECIPIENTS RELATED TO UNITED WAY PURPOSE: HEALTH & HUMAN SERVICES - UNITED WAY | $237,113 |
ACE MENTOR PROGRAM OF CLEVELAND PURPOSE: CIVIC & OTHER COMMUNITY DEVELOPMENT | $5,000 |
NORTHEAST OHIO HISPANIC CENTER FOR ECONOMIC DEVELOPMENT PURPOSE: CIVIC & OTHER COMMUNITY DEVELOPMENT | $134,000 |