Adopt A Class Foundation
- Assets
- $473.0k
- Revenue
- $661.6k
- Investments
- $0.0
- Employees
- 11
- Location
- Cincinnati, OH
- Founding
- 11/2006
- Data as of
- 06/2023
- EIN
- 20-2587299
Organization Overview
Adopt A Class Foundation is located in Cincinnati, OH. The organization was established in 2006. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2023, Adopt A Class Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adopt A Class 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 06/2023, Adopt A Class Foundation generated $661.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $623.3k during the year ending 06/2023. While expenses have increased by 17.6% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF ADOPT A CLASS IS TO CONNECT BUSINESSES AND CIVIC GROUPS WITH STUDENTS FROM UNDERSERVED COMMUNITIES TO INCREASE KNOWLEDGE OF CAREER OPPORTUNITIES AND EXPAND THEIR HORIZONS WITH CLEARER SELF-VISION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATED FUNDS WERE USED TO DEVELOP AND IMPLEMENT PROGRAMMING THAT CONNECTS BUSINESSES AND CIVIC GROUPS WITH STUDENTS TO INSPIRE A CORPORATE CULTURE OF TEAMWORK AND PHILANTHROPY AND A HOPE AND A FUTURE VISION OF WHAT IS POSSIBLE FOR THE YOUTH IN OUR COMMUNITY. THROUGH OUR PROGRAMMING MORE THAN 2,800 VOLUNTEERS SERVED IN 280 CLASSROOMS AND REACHED OVER 7,500 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Partin Director | Trustee | 4 | $0 |
Jim Sullivan Treasurer | OfficerTrustee | 4 | $0 |
Allison Goico Secretary | OfficerTrustee | 4 | $0 |
Keith Moran Director | Trustee | 4 | $0 |
Evan Clinkenbeard President | OfficerTrustee | 10 | $0 |
Jeff Wellens Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $637,297 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $637,297 |
| Total Program Service Revenue | $9,515 |
| Investment income | $11,058 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$491 |
| Net Income from Gaming Activities | $3,830 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $661,566 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $126,331 |
| Compensation of current officers, directors, key employees. | $12,293 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $298,309 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,269 |
| Payroll taxes | $32,630 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,583 |
| Advertising and promotion | $4,500 |
| Office expenses | $12,408 |
| Information technology | $32,471 |
| Royalties | $0 |
| Occupancy | $11,628 |
| Travel | $5,399 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,964 |
| Total functional expenses | $623,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,938 |
| Savings and temporary cash investments | $434,242 |
| Pledges and grants receivable | $2,500 |
| Accounts receivable, net | $360 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $473,040 |
| Accounts payable and accrued expenses | $5,185 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,185 |
| Net assets without donor restrictions | $346,485 |
| Net assets with donor restrictions | $121,370 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $473,040 |