Cyrus Eaton Foundation
- Assets
- $2.8m
- Revenue
- $61.6k
- Investments
- $2.8m
- Employees
- 0
- Location
- Cleveland Heights, OH
- Founding
- 07/1957
- Data as of
- 12/2022
- EIN
- 23-7440277
Organization Overview
Cyrus Eaton Foundation is located in Cleveland Heights, OH. The organization was established in 1957. 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. Cyrus Eaton 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, Cyrus Eaton Foundation generated $61.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (20.7%) each year. All expenses for the organization totaled $192.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Cyrus Eaton Foundation has awarded 156 individual grants totaling $503,700. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine I Eaton Vice-President | 1 | $1,400 | |
Matthew Eaton Trustee | 1 | $1,400 | |
Alice J Gulick President | 2 | $1,400 | |
Henry W Gulick Treasurer | 5 | $1,400 | |
Ralph P Higgins Assistant Treasurer | 1 | $1,400 | |
Robert Lefever Trustee | 1 | $1,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $32,844 |
| Dividends & Interest | $32,469 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,664 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $61,649 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,484 |
| Depreciation | $952 |
| Occupancy | $13,279 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,475 |
| Total operating and administrative expenses | $56,157 |
| Contributions, gifts, grants paid | $136,500 |
| Total expenses and disbursements | $192,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,339 |
| Savings and temporary cash investments | $35,297 |
| 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 | $2,759,997 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,623 |
| Total assets | $2,808,256 |
| Accounts payable and accrued expenses | $3,900 |
| 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 | $3,900 |
Grants Awarded
Over the last fiscal year, Cyrus Eaton Foundation has awarded $136,500 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
BROADWAY CHRISTIAN CHURCH PURPOSE: UNRESTRICTED GIFT | $2,000 |
CLEVELAND ARTS EDUCATION CONSORTIUM PURPOSE: UNRESTRICTED GIFT | $2,000 |
CLEVELAND RAPE CRISIS CENTER PURPOSE: UNRESTRICTED GIFT | $2,000 |
CLEVELAND MUSEUM OF NATURAL HISTORY PURPOSE: UNRESTRICTED GIFT | $6,000 |
CORNERSTONE OF HOPE PURPOSE: UNRESTRICTED GIFT | $3,000 |
CUYAHOGA COMMUNITY COLLEGE FOUNDATION PURPOSE: UNRESTRICTED GIFT | $2,000 |