Brian & Gretchen Colleran Foundation
- Assets
- $1.2m
- Revenue
- $200.0k
- Investments
- $0.0
- Employees
- 0
- Location
- North Olmsted, OH
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 82-1563497
Organization Overview
Brian & Gretchen Colleran Foundation is located in North Olmsted, OH. The organization was established in 2019. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brian & Gretchen Colleran 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, Brian & Gretchen Colleran Foundation generated $200.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (47.8%) each year. All expenses for the organization totaled $330.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Brian & Gretchen Colleran Foundation has awarded 22 individual grants totaling $2,992,376. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $200,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $330,000 |
| Total expenses and disbursements | $330,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,695 |
| 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 | $1,200 |
| 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 | $1,094,280 |
| Other assets | $0 |
| Total assets | $1,221,175 |
| 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, Brian & Gretchen Colleran Foundation has awarded $330,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY HOSPITALS PURPOSE: GENERAL OPERATING EXPENSES. | $200,000 |
Cleveland, OH PURPOSE: GENERAL OPERATING EXPENSES. | $100,000 |
Akron, OH PURPOSE: GENERAL OPERATING EXPENSES. | $20,000 |
RUFFED GROUSE SOCIETY PURPOSE: GENERAL OPERATING EXPENSES. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cicp Foundation Inc Indianapolis, IN | $75,472,959 | $39,753,339 |
Manufacturing Advocacy & Growth Network Inc Cleveland, OH | $11,290,279 | $13,226,451 |
Spiritrust Lutheran Life Chambersburg, PA | $3,486,716 | $9,493,796 |
Genesee Area Focus Fund Inc Flint, MI | $3,053,813 | $7,388,265 |
Ridc Southwestern Pennsylvania Growth Fund Pittsburgh, PA | $94,671,467 | $5,640,315 |
Project Management Institute Educational Foundation Newtown Square, PA | $4,756,055 | $4,802,761 |
People For People Community Development Corporation Philadelphia, PA | $6,238,407 | $1,301,156 |
Encourage Bc Battle Creek, MI | $929,727 | $1,806,363 |
Ridc Mill 19a Pittsburgh, PA | $29,613,197 | $2,172,080 |
Felix E Martin Jr Foundation Inc Louisville, KY | $76,641,628 | $5,817,946 |
Cincinnati Business Committee Cincinnati, OH | $2,454,337 | $2,320,929 |
Council Of Development Finance Agenices Columbus, OH | $1,148,923 | $1,718,525 |