Nopec Foundation Inc
- Assets
- $2.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Solon, OH
- Founding
- 09/2019
- Data as of
- 12/2022
- EIN
- 84-2544336
Organization Overview
Nopec Foundation Inc is located in Solon, OH. The organization was established in 2019. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nopec Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Nopec Foundation Inc has awarded 20 individual grants totaling $125,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
STARTUP IN 2019 WITH NO DIRECT CHARITABLE ACTIVITIES IN 2019
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Ruby Chair | 1 | $0 | |
Jeffrey Linton Secretary | 1 | $0 | |
David Gillock Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,139,260 |
| Interest on Savings | $5,225 |
| 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 | $1,144,485 |
| 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 | $6,182 |
| Printing and publications | $0 |
| Other expenses | $8,719 |
| Total operating and administrative expenses | $17,967 |
| Contributions, gifts, grants paid | $1,500,000 |
| Total expenses and disbursements | $1,517,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,290,815 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $50,000 |
| 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 | $2,340,815 |
| Accounts payable and accrued expenses | $299 |
| 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 | $299 |
Grants Awarded
Over the last fiscal year, Nopec Foundation Inc has awarded $125,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
AKRON-CANTON REGIONAL FOODBANK INC PURPOSE: GENERAL | $5,000 |
ALLIANCE COMMUNITY PANTRY INC PURPOSE: GENERAL | $2,000 |
ATHENS COUNTY FOOD PANTRY PURPOSE: GENERAL | $2,000 |
BRUNSWICK FOOD PANTRY INC PURPOSE: GENERAL | $500 |
COUNTRY NEIGHBOR PROGRAM INC PURPOSE: GENERAL | $4,835 |
FAMILY AND COMMUNITY SERVICES INC PURPOSE: GENERAL | $5,055 |