Signet Love Inspires Foundation
- Assets
- $8.9m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Akron, OH
- Founding
- Data as of
- 12/2022
- EIN
- 86-1665611
Organization Overview
Signet Love Inspires Foundation is located in Akron, OH. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Signet Love Inspires 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 12/2022, Signet Love Inspires Foundation generated $5.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Signet Love Inspires Foundation has awarded 64 individual grants totaling $1,601,088. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Bouffard President | 1 | $0 | |
Vincent Ciccolini Treasurer | 1 | $0 | |
Stash Ptak Secretary | 1 | $0 | |
Virginia C Drosos Director | 1 | $0 | |
Colleen Rooney Director | 1 | $0 | |
Joan Hilson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000,000 |
| Interest on Savings | $1,274 |
| 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 | $5,001,274 |
| 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 | $1,791 |
| Total operating and administrative expenses | $14,129 |
| Contributions, gifts, grants paid | $1,297,794 |
| Total expenses and disbursements | $1,311,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $401,198 |
| Savings and temporary cash investments | $8,500,000 |
| 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 | $8,901,198 |
| Accounts payable and accrued expenses | $25,131 |
| Grants payable | $69,029 |
| 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 | $94,160 |
Grants Awarded
Over the last fiscal year, Signet Love Inspires Foundation has awarded $1,302,456 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS INC PURPOSE: GENERAL FUND | $10,200 |
ADVOCATES FOR YOUTH PURPOSE: GENERAL FUND | $10,000 |
AKRON CHILDREN'S HOSPITAL PURPOSE: GENERAL FUND | $3,416 |
ALS THERAPY DEVELOPMENT INSTITUTE PURPOSE: GENERAL FUND | $200 |
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL FUND | $100 |
ALSACST JUDE CHILDREN'S RESEARCH HOSPITAL PURPOSE: GENERAL FUND | $49,248 |