Emerald Foundation
- Assets
- $218.8k
- Revenue
- $27.5k
- Investments
- $147.3k
- Employees
- 0
- Location
- Westlake, OH
- Founding
- 10/2015
- Data as of
- 12/2022
- EIN
- 47-5106676
Organization Overview
Emerald Foundation is located in Westlake, OH. The organization was established in 2015. According to its NTEE Classification (G99) the organization is classified as: Voluntary Health Associations & Medical Disciplines N.E.C., under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Emerald 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, Emerald Foundation generated $27.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $16.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Gerish Director | 1 | $0 | |
James Gerish Director | 1 | $0 | |
Kris Gerish Managing Dir | 1 | $0 | |
Jennifer Gerish Director | 1 | $0 | |
Matthew Gerish Director | 1 | $0 | |
Keith Martinet Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000 |
| Interest on Savings | $4 |
| Dividends & Interest | $1,631 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $879 |
| Capital Gain Net Income | $879 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,514 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,699 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $16,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,418 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $218,765 |
| 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, Emerald Foundation has awarded $15,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
PELOTONIA PURPOSE: CHARITY | $500 |
EMPOWER SPORTS PURPOSE: CHARITY | $1,500 |
EMPIRE STATE RIDE PURPOSE: CHARITY | $500 |
COMMUNITY FOUNDATION OF LORAIN CNTY PURPOSE: CHARITY | $1,000 |
NATIONAL MUSEUM OF THE GREAT LAKES PURPOSE: CHARITY | $5,000 |
MAPLE LEAF COMMUNITY RESIDENCES INC PURPOSE: CHARITY | $1,000 |