Clonrock Foundation
- Assets
- $2.8m
- Revenue
- $875.2k
- Investments
- $1.5m
- Employees
- 0
- Location
- Cuyahoga Falls, OH
- Founding
- 04/2018
- Data as of
- 11/2021
- 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 11/2021, Clonrock Foundation generated $875.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $105.4k during the year ending 11/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Clonrock Foundation has awarded 24 individual grants totaling $242,329. 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
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 | $850,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,767 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,396 |
| Capital Gain Net Income | $6,396 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $875,163 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $112 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $6,923 |
| Contributions, gifts, grants paid | $98,500 |
| Total expenses and disbursements | $105,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,226,819 |
| Savings and temporary cash investments | $35,463 |
| 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 | $2,754,020 |
| 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 $98,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Akron, OH PURPOSE: CSS ANNUAL GIVING CAMPAIGN, DCA VANTAGE AND GENERAL FUND | $32,000 |
PORTAGEPATH BEHAVIORAL HEALTH PURPOSE: GENERAL FUND | $15,000 |
Tallmadge, OH PURPOSE: GENERAL FUND | $12,500 |
Akron, OH PURPOSE: MOMS BABIES FIRST AND CELEBRATING FAMILIES | $10,000 |
SPIRIT LEAGUE PURPOSE: IN HONOR OF LIAM SMITH | $10,000 |
Akron, OH PURPOSE: GENERAL FUND | $9,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Van Andel Institute Grand Rapids, MI | $1,815,971,878 | $111,524,637 |
William Davidson Foundation Birmingham, MI | $1,107,938,800 | $127,279,050 |
Ronda E Stryker & William D Johnston Foundation Kalamazoo, MI | $63,637,902 | $79,561,320 |
Gilbert Family Foundation Detroit, MI | $122,833,560 | $20,538,766 |
The Wexner Family Charitable Fund New Albany, OH | $184,942,197 | $254,449,818 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Neubauer Family Foundation Philadelphia, PA | $348,008,962 | $28,614,405 |
Nina Mason Pulliam Charitable Tr Indianapolis, IN | $513,484,211 | $27,103,020 |
Quantitative Foundation Philadelphia, PA | $101,541,098 | -$10,401,387 |
Fifth Third Union Trust Co Foundation Cincinnati, OH | $28,852,332 | $17,459,816 |
J N Pew Jr Charitable Trust Philadelphia, PA | $309,649,040 | $25,152,087 |