Metzenbaum Foundation
- Assets
- $2.6m
- Revenue
- $707.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Chesterland, OH
- Founding
- 12/2007
- Data as of
- 12/2023
- EIN
- 26-0265809
Organization Overview
Metzenbaum Foundation is located in Chesterland, OH. The organization was established in 2007. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 12/2023, Metzenbaum Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metzenbaum 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 12/2023, Metzenbaum Foundation generated $707.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $712.4k during the year ending 12/2023. 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
TO ENHANCE THE QUALITY OF LIFE FOR GEAUGA COUNTY CITIZENS WITH DEVELOPMENTAL DISABILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO HELP CONTRIBUTE TO A BETTER QUALITY OF LIFE FOR THEIR CLIENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Schmidt Chairman | OfficerTrustee | 2 | $0 |
Ted Gedeon Vice-Chair | OfficerTrustee | 1 | $0 |
Gary Sigman Trustee | Trustee | 1 | $0 |
Nan Warholic Trustee | Trustee | 1 | $0 |
Lesllie Galick Trustee | Trustee | 1 | $0 |
Tom Obrien Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,497 |
| Related organizations | $0 |
| Government grants | $413,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $224,555 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $641,152 |
| Total Program Service Revenue | $0 |
| Investment income | $67,793 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,537 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $707,582 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,350 |
| Grants and other assistance to domestic individuals. | $401,511 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $182,572 |
| Pension plan accruals and contributions | $5,227 |
| Other employee benefits | $0 |
| Payroll taxes | $14,132 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,195 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,694 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $710 |
| Insurance | $2,387 |
| All other expenses | $20,117 |
| Total functional expenses | $712,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $716,840 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,778 |
| Investments—publicly traded securities | $1,879,375 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,939 |
| Total assets | $2,605,932 |
| Accounts payable and accrued expenses | $552,574 |
| 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 | $552,574 |
| Net assets without donor restrictions | $1,678,769 |
| Net assets with donor restrictions | $374,589 |
| 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 | $2,605,932 |
Grants Awarded
Over the last fiscal year, Metzenbaum Foundation has awarded $0 in support to 12 organizations.
| Grant Recipient | Amount |
|---|