Akron Marathon Charitable Corporation
- Assets
- $882.7k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 6
- Location
- Akron, OH
- Founding
- 10/2002
- Data as of
- 12/2021
- EIN
- 42-1531773
Organization Overview
Akron Marathon Charitable Corporation is located in Akron, OH. The organization was established in 2002. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Akron Marathon Charitable Corporation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Akron Marathon Charitable Corporation 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, Akron Marathon Charitable Corporation generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 7 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
PROVIDE A WORLD-CLASS MARATHON THAT PROMOTES HEALTH AND FITNESS AND OTHER CHARITABLE CAUSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRST ENERGY AKRON MARATHON, HALF MARATHON & TEAM RELAY AND KIDS FUN RUN - THIRD AND FINAL EVENT IN THE AKRON MARATHON RACE SERIES WHICH IS THE MARQUEE RACE WITH 7000 PARTICIPANTS AND 2,000 VOLUNTEERS.
GOODYEAR HALF MARATHON & 10K - THE SECOND EVENT OF THE AKRON MARATHON RACE SERIES WHICH HAD 2,500 PARTICIPANTS, 350 VOLUNTEERS.
NATIONAL INTERSTATE 8K & 1 MILE - THE FIRST EVENT OF THE AKRON MARATHON RACE SERIES WHICH HAD 1900 PARTICIPANTS, 200 VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Bitong President | Officer | 40 | $81,600 |
Laura Mcelrath Vice President | Officer | 40 | $48,000 |
Carrie Washnock Vice President | Officer | 40 | $48,000 |
Richard Merolla Board Chair | OfficerTrustee | 1 | $0 |
Melissa Johnson Board Vice Chair | OfficerTrustee | 1 | $0 |
J Bret Treier Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $97,465 |
| All other contributions, gifts, grants, and similar amounts not included above | $516,528 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $613,993 |
| Total Program Service Revenue | $735,602 |
| Investment income | $15 |
| 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 | $12,561 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,362,171 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,302 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $177,600 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $177,194 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,055 |
| Payroll taxes | $27,973 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $66,021 |
| Advertising and promotion | $78,136 |
| Office expenses | $46,190 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,988 |
| Travel | $12,484 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,350 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,137 |
| Insurance | $32,634 |
| All other expenses | $483 |
| Total functional expenses | $1,290,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,388 |
| Savings and temporary cash investments | $125,875 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,355 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,121 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $648,714 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,249 |
| Total assets | $882,702 |
| Accounts payable and accrued expenses | $41,741 |
| Grants payable | $0 |
| Deferred revenue | $45,000 |
| 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 | $57,255 |
| Total liabilities | $143,996 |
| Net assets without donor restrictions | $738,706 |
| Net assets with donor restrictions | $0 |
| 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 | $882,702 |
Grants Awarded
Over the last fiscal year, Akron Marathon Charitable Corporation has awarded $53,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Akron, OH PURPOSE: Kids #1 Run and Gala | $13,000 |
Phoenix, AZ PURPOSE: to support organization | $10,000 |
Phoenix, AZ PURPOSE: to support organizatoin | $10,000 |
Cleveland, OH PURPOSE: To support the organizations exempt purpose. | $10,000 |
Fairlawn, OH PURPOSE: To support the organizations exempt purpose. | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Akron Marathon Charitable Corporation has recieved totaling $2,250.
| Awarding Organization | Amount |
|---|---|
The@marksewing Family Foundation Akron, OH PURPOSE: SUPPORT CHARITABLE PURPOSE OF ORGANIZATION | $2,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Lenfest Inst For Journalism Spe Asset Fund Of The Phl Foundation Philadelphia, PA | $99,634,192 | $14,397,650 |
Others First Inc Rochester Hills, MI | $4,306,956 | $11,125,375 |
Harrison County Community Foundation Support Organ Inc Corydon, IN | $251,226,152 | $18,808,603 |
The Edward Lowe Foundation Cassopolis, MI | $139,490,354 | $14,349,160 |
Passavant Hospital Foundation Pittsburgh, PA | $52,435,888 | $5,249,843 |
The Essential Foundation Fka Aqua Charitable Trust Bryn Mawr, PA | $32,073,281 | $19,000,000 |
The Meg And Bennett Goodman Family Foundation Jenkintown, PA | $50,458,470 | $11,004,981 |
Old National Bank Foundation Inc Evansville, IN | $1,059,679 | $25,162 |
Peyback Foundation Inc Independence, OH | $4,792,942 | $1,855,787 |
Kentucky Casa Network Inc Louisville, KY | $365,575 | $1,855,866 |
S P Fenn No 1 Trust Ua Brooklyn, OH | $28,554,709 | $3,349,823 |
People Helping People Network Inc Indianapolis, IN | $544,778 | $1,807,428 |