Cavaliers Youth Foundation
- Assets
- $948.2k
- Revenue
- $712.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 02/2018
- Data as of
- 12/2022
- EIN
- 81-2738604
Organization Overview
Cavaliers Youth Foundation is located in Cleveland, OH. The organization was established in 2018. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cavaliers Youth 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, Cavaliers Youth Foundation generated $712.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $781.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Cavaliers Youth Foundation has awarded 87 individual grants totaling $2,284,523. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CAVALIERS COMMUNITY FOUNDATION SUPPORTS PROGRAMS FOR CHILDREN, FAMILIES AND YOUNG ADULTS DESIGNED TO POSITIVELY IMPACT THE COMMUNITY IN THE AREAS OF EDUCATION, HEALTH, RECREATION, EMPLOYMENT, ENTREPRENEURSHIP AND LIFE SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CAVALIERS YOUTH FOUNDATION SUPPORTS PROGRAMS FOR CHILDREN, FAMILIES, AND YOUNG ADULTS DESIGNED TO POSITIVELY IMPACT THE COMMUNITY IN THE AREAS OF EDUCATION, HEALTH, RECREATION, EMPLOYMENT, ENTREPRENEURSHIP, AND LIFE SKILLS. A SUBSET OF THE CAVALIERS YOUTH FOUNDATION IS THE MONSTERS COMMUNITY FOUNDATION WHICH SUPPORTS NORTHEAST OHIO PROGRAMS THAT POSITIVELY IMPACT THE AREAS OF EDUCATION, YOUTH HOCKEY, HEALTH & WELLNESS, AND BASIC NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nic Barlage President | OfficerTrustee | 1 | $0 |
Stefanie Meade Vice President/treasurer | OfficerTrustee | 1 | $0 |
Meg Murray Secretary | OfficerTrustee | 1 | $0 |
Alberta Lee Director | Trustee | 0 | $0 |
Bj Evans Director | Trustee | 0 | $0 |
Kevin Clayton Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $587,993 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $371,780 |
| Noncash contributions included in lines 1a–1f | $115,150 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $959,773 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$433,798 |
| Net Income from Gaming Activities | $186,066 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $712,041 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $536,667 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,799 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,322 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $222,618 |
| Total functional expenses | $781,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $835,759 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $112,486 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $948,245 |
| Accounts payable and accrued expenses | $133,187 |
| Grants payable | $19,352 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $152,539 |
| Net assets without donor restrictions | $795,706 |
| 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 | $948,245 |
Grants Awarded
Over the last fiscal year, Cavaliers Youth Foundation has awarded $397,728 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
ADAPTIVE SPORTS PROGRAM OF OHIO PURPOSE: SUPPORT THE ORGANIZATION WITH ACCOMPLISHING THEIR MISSION | $35,000 |
A SPECIAL WISH FOUNDATION INC PURPOSE: SUPPORT THE ORGANIZATION WITH ACCOMPLISHING THEIR MISSION | $35,394 |
CHILDREN'S HUNGER ALLIANCE PURPOSE: SUPPORT THE ORGANIZATION WITH ACCOMPLISHING THEIR MISSION | $25,000 |
GREATER CLEVELAND FOOD BANK PURPOSE: SUPPORT THE ORGANIZATION WITH ACCOMPLISHING THEIR MISSION | $12,334 |
ACHIEVEMENT CENTERS FOR CHILDREN PURPOSE: SUPPORT THE ORGANIZATION WITH ACCOMPLISHING THEIR MISSION | $20,000 |
KOINONIA HOMES INC PURPOSE: SUPPORT THE ORGANIZATION WITH ACCOMPLISHING THEIR MISSION | $10,000 |