Keybank Community Trust
- Assets
- $2.3m
- Revenue
- $423.8k
- Investments
- $2.1m
- Employees
- 0
- Location
- Brooklyn, OH
- Founding
- 11/1957
- Data as of
- 12/2021
- EIN
- 14-6030063
Organization Overview
Keybank Community Trust is located in Brooklyn, OH. The organization was established in 1957. According to its NTEE Classification (T31) the organization is classified as: Community 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. Keybank Community Trust 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, Keybank Community Trust generated $423.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 53.5% each year . All expenses for the organization totaled $192.5k during the year ending 12/2021. While expenses have increased by 2.4% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Keybank Community Trust has awarded 41 individual grants totaling $262,500. 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 | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $49,496 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $372,994 |
| Capital Gain Net Income | $372,994 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,300 |
| Total Revenue | $423,790 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,957 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $784 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $255 |
| Total operating and administrative expenses | $29,996 |
| Contributions, gifts, grants paid | $162,500 |
| Total expenses and disbursements | $192,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $142,895 |
| 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 | $2,132,306 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,275,201 |
| 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, Keybank Community Trust has awarded $162,500 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Buffalo, NY PURPOSE: SCHOLARSHIP | $15,000 |
SUNY OSWEGO COLLEGE PURPOSE: SCHOLARSHIP | $12,500 |
Albany, NY PURPOSE: SCHOLARSHIP | $10,000 |
UNIVERSITY OF ROCHESTER PURPOSE: SCHOLARSHIP | $10,000 |
Rochester, NY PURPOSE: SCHOLARSHIP | $10,000 |
Hamburg, NY PURPOSE: SCHOLARSHIP | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation For Southeast Michigan Detroit, MI | $1,124,768,291 | $250,946,101 |
Pittsburgh Foundation Pittsburgh, PA | $1,354,368,497 | $110,535,351 |
Philadelphia Foundation Philadelphia, PA | $669,216,014 | $72,684,648 |
Central Indiana Community Foundation Inc Indianapolis, IN | $548,109,976 | $56,175,018 |
The Community Foundation Of Louisville Inc Louisville, KY | $675,486,716 | $70,628,491 |
Dayton Foundation Dayton, OH | $614,105,736 | $82,530,515 |
Battle Creek Community Foundation Battle Creek, MI | $135,380,333 | $32,635,612 |
Kalamazoo Community Foundation Kalamazoo, MI | $677,092,659 | $78,067,850 |
Grand Rapids Community Foundation Grand Rapids, MI | $425,971,455 | $49,247,168 |
Akron Community Foundation Akron, OH | $274,088,705 | $39,277,326 |
Dayton Foundation Depository Dayton, OH | $38,449,497 | $25,927,776 |
Community Foundation Of Elkhart County Inc Elkhart, IN | $418,149,768 | $41,619,440 |