Clonrock Foundation
- Assets
- $3.5m
- Revenue
- $510.3k
- Investments
- $1.5m
- Employees
- 0
- Location
- Cuyahoga Falls, OH
- Founding
- 04/2018
- Data as of
- 11/2023
- EIN
- 81-4554129
Organization Overview
Clonrock Foundation is located in Cuyahoga Falls, OH. The organization was established in 2018. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Clonrock 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 11/2023, Clonrock Foundation generated $510.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $168.5k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Clonrock Foundation has awarded 41 individual grants totaling $543,629. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Declan Smith Co-Trustee | 1 | $0 | |
Olivia Mccarthy Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,962 |
| Interest on Savings | $0 |
| Dividends & Interest | $31,515 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$22,207 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $510,270 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $942 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $792 |
| Total operating and administrative expenses | $8,933 |
| Contributions, gifts, grants paid | $159,600 |
| Total expenses and disbursements | $168,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,923,237 |
| Savings and temporary cash investments | $9,744 |
| 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 | $3,464,462 |
| 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, Clonrock Foundation has awarded $159,600 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVEMENT CENTERS FOR CHILDREN PURPOSE: CAMP CHEERFUL | $2,000 |
INTERNATIONAL DOCUMENTARY ASSOC PURPOSE: PROJECT COMMITTED | $45,000 |
NAMI SUMMIT COUNTY PURPOSE: NAMI SUMMIT COUNTY MISSION | $5,000 |
PORTAGEPATH BEHAVIORAL HEALTH PURPOSE: BEHAVIOR HEALTH PROGRAMS | $45,600 |
COMMUNITY SUPPORT SERVICES PURPOSE: HOMELESS OUTREACH CENTER FOR SPRINTER VAN | $45,000 |
SHELTERCARE PURPOSE: PROGRAM SUPPORT | $5,000 |