Brian & Gretchen Colleran Foundation
- Assets
- $1.2m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- North Olmsted, OH
- Founding
- 07/2019
- Data as of
- 12/2023
- 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 12/2023, Brian & Gretchen Colleran Foundation generated $1.0m 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 (15.1%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Brian & Gretchen Colleran Foundation has awarded 40 individual grants totaling $5,291,692. 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 | $1,013,232 |
| 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 | $1,013,232 |
| 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 | $16 |
| Total operating and administrative expenses | $2,016 |
| Contributions, gifts, grants paid | $1,499,500 |
| Total expenses and disbursements | $1,501,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,647 |
| 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 | $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 | $1,094,280 |
| Other assets | $0 |
| Total assets | $1,154,927 |
| 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 $1,499,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CLEVELAND ANIMAL PROTECTIVE LEAGUE PURPOSE: GENERAL OPERATING EXPENSES. | $300,000 |
GILMOUR ACADEMY PURPOSE: GENERAL OPERATING EXPENSES. | $5,000 |
HUNTING VALLEY FOUNDATION PURPOSE: GENERAL OPERATING EXPENSES. | $5,000 |
THE LILLIAN AND BETTY RATNER MONTESSORI SCHOOL PURPOSE: GENERAL OPERATING EXPENSES. | $10,000 |
VILLAGE PROJECT PURPOSE: GENERAL OPERATING EXPENSES. | $15,000 |
WESTERN RESERVE HISTORICAL SOCIETY PURPOSE: GENERAL OPERATING EXPENSES. | $100,000 |