M E & F J Callahan Foundation
- Assets
- $0.0
- Revenue
- $959.0k
- Investments
- $19.4m
- Employees
- 0
- Location
- Chagrin Falls, OH
- Founding
- 11/1975
- Data as of
- 12/2021
- EIN
- 51-0164320
Organization Overview
M E & F J Callahan Foundation is located in Chagrin Falls, OH. The organization was established in 1975. 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. M E & F J Callahan 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, M E & F J Callahan Foundation generated $959.0k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, M E & F J Callahan Foundation has awarded 111 individual grants totaling $2,496,200. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CALLAHAN FOUNDATION PROVIDES GRANTS TO NON-PROFIT ORGANIZATIONS LOCATED IN CUYAHOGA, LORAIN, MEDINA, SUMMIT, PORTAGE, GEAUGA AND LAKE COUNTIES IN OHIO. GRANTS ARE FOR CAPITAL PROJECTS, GENERAL OPERATING SUPPORT, AND PROJECT SPECIFIC FUNDING. A SEPARATE ALLOCATION WILL BE MADE TO SUPPORT ORGANIZATIONAL AND LEADERSHIP DEVELOPMENT INCLUDING: STRATEGIC PLANNING, SUCCESSION PLANNING, EXECUTIVE LEADERSHIP COACHING AND DEVELOPMENT, AND FUNDRAISING LEADERSHIP AND DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy J Callahan President | 40 | $220,000 | |
Nancy Callahan Treasurer | 10 | $0 | |
Connie Richards Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $126,637 |
| Dividends & Interest | $595,617 |
| Profit on Inventory Sales | $0 |
| Other Income | $73,308 |
| Total Revenue | $959,033 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $231,000 |
| Pension plans, employee benefits | $60,655 |
| Depreciation | $0 |
| Occupancy | $11,789 |
| Travel, conferences, and meetings | $2,145 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $510,961 |
| Contributions, gifts, grants paid | $1,183,700 |
| Total expenses and disbursements | $1,694,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $6,831,782 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, M E & F J Callahan Foundation has awarded $1,312,500 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
THE CLEVELAND CLINIC PURPOSE: GENERAL OPERATIONS | $100,000 |
HAWKEN SCHOOL PURPOSE: GENERAL OPERATIONS | $20,000 |
BOYS & GIRLS CLUB OF CLEVELAND PURPOSE: GENERAL OPERATIONS | $7,500 |
CASE WESTERN RESERVE UNIVERSITY PURPOSE: GENERAL OPERATIONS | $260,000 |
CHILDREN & FAMILY ADVOCATES PURPOSE: GENERAL OPERATIONS | $10,000 |
CLEVELAND CHILDREN'S MUSEUM PURPOSE: GENERAL OPERATIONS | $5,000 |