Bellwether Enterprise Foundation
- Assets
- $219.9k
- Revenue
- $156.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- Data as of
- 12/2021
- EIN
- 85-1599996
Organization Overview
Bellwether Enterprise Foundation is located in Cleveland, OH. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bellwether Enterprise 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, Bellwether Enterprise Foundation generated $156.5k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $62.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Bellwether Enterprise Foundation has awarded 11 individual grants totaling $110,000. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL OF THE FOUNDATION'S ACTIVITIES FOR 2021 RELATED TO SCHOLARSHIP FUNDS FOR VARIOUS UNIVERSITEIS. THERE WERE 6 SCHOLARSHIPS AWARDED. EACH SCHOLARSHIP WAS $10,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Mcgee Director And Secretary | 5 | $0 | |
Deborah Rogan Director And VP | 5 | $0 | |
David J Effler Director And Treasurer | 5 | $0 | |
Linda Hayes Director | 5 | $0 | |
Ned Huffman Director And President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $156,452 |
| 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 | $156,452 |
| 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 | $2,101 |
| Total operating and administrative expenses | $2,601 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $62,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,895 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $219,895 |
| 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, Bellwether Enterprise Foundation has awarded $110,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
THE OHIO STATE UNIVERSITY PURPOSE: SCHOLARSHIP FUND | $10,000 |
UNIVERSITY OF SOUTHERN CALIFORNIA PURPOSE: SCHOLARSHIP FUND | $10,000 |
Charlotte, NC PURPOSE: SCHOLARSHIP FUND | $10,000 |
Chicago, IL PURPOSE: SCHOLARSHIP FUND | $10,000 |
UNIVERSITY OF SOUTHERN CALIFORNIA PURPOSE: SCHOLARSHIP FUND | $10,000 |
MORGAN STATE UNIVERSITY PURPOSE: SCHOLARSHIP FUND | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Bellwether Enterprise Foundation has recieved totaling $70,000.
| Awarding Organization | Amount |
|---|---|
Terwilliger Family Foundation Inc Atlanta, GA PURPOSE: CHARITABLE CONTRIBUTION | $50,000 |
B Charles And Jay G Ames Foundation Mayfield Heights, OH PURPOSE: GENERAL | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewell Educational Fund Owosso, MI | $398,993,901 | $18,985,075 |
Lola G Duff & William Duff Ii Scholarship Fund Pittsburgh, PA | $108,136,539 | $9,727,539 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |
Thompson Foundation Plymouth, MI | $5,518,000 | $2,844,461 |
Independence Foundation Philadelphia, PA | $78,719,217 | $2,815,934 |
The Endowment Fund Of The Phi Kappa Psi Fraternity Indianapolis, IN | $26,119,752 | $5,253,152 |
Beta Theta Pi Foundation Oxford, OH | $33,085,697 | $6,703,723 |
Addison Gibson Foundation Pittsburgh, PA | $46,529,076 | $11,633,912 |
Cardinal Health Foundation Dublin, OH | $40,394,329 | $2,713,784 |
Say Yes Cleveland Scholarship Inc Cleveland, OH | $89,649,014 | $4,775,644 |
Pittsburgh Jewish Educational Improvement Foundation Pittsburgh, PA | $252,999 | $3,355,550 |