Community Foundation Of Cleveland & Bradley County Inc
- Assets
- $9.7m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 2
- Location
- Cleveland, TN
- Founding
- 08/2009
- Data as of
- 12/2021
- EIN
- 26-2101084
Organization Overview
Community Foundation Of Cleveland & Bradley County Inc is located in Cleveland, TN. The organization was established in 2009. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Community Foundation Of Cleveland & Bradley County Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Cleveland & Bradley County Inc 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, Community Foundation Of Cleveland & Bradley County Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 26.1% per year over the past 7 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 2015, Community Foundation Of Cleveland & Bradley County Inc has awarded 129 individual grants totaling $4,888,264. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE ETHICAL STEWARDSHIP OF PHILANTHROPIC RESOURCES BY HELPING CONNECT THOSE RESOURCES WITH THE NEEDS OF CLEVELAND AND BRADLEY COUNTY TENNESSEE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST DONORS IN BUILDING PERMANENT ENODWOMENTS AND IN CARRYING OUT CHARITABLE GIVING THAT IMPROVES QUALITY OF LIFE IN OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Barrett President | Officer | 40 | $51,800 |
Arthur Rhodes Secretary | OfficerTrustee | 1 | $0 |
Ginger Wilson Buchanan Vice Chair | Officer | 1 | $0 |
Thomas Arrendale Treasurer | Officer | 1 | $0 |
Ben Chandler Chair | Officer | 1 | $0 |
Chad Eslinger Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,878 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,609,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,627,228 |
| Total Program Service Revenue | $0 |
| Investment income | $142,781 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $513,085 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,298,313 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $947,600 |
| Grants and other assistance to domestic individuals. | $25,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $51,800 |
| Compensation of current officers, directors, key employees. | $3,626 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,049 |
| Pension plan accruals and contributions | $2,950 |
| Other employee benefits | $0 |
| Payroll taxes | $6,678 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,546 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,263 |
| Fees for services: Other | $1,578 |
| Advertising and promotion | $10,439 |
| Office expenses | $7,260 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,175 |
| Travel | $1,830 |
| 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 | $2,277 |
| All other expenses | $159,828 |
| Total functional expenses | $1,302,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $689,067 |
| 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 | $0 |
| Investments—publicly traded securities | $8,962,812 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,651,879 |
| Accounts payable and accrued expenses | $3,357 |
| 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 | $771,498 |
| Total liabilities | $774,855 |
| Net assets without donor restrictions | $5,932,817 |
| Net assets with donor restrictions | $2,944,207 |
| 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 | $9,651,879 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Cleveland & Bradley County Inc has awarded $855,580 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
THE CARING PLACE | | | $114,478 |
Cleveland, TN | | $85,500 |
CITY OF CLEVELAND PURPOSE: PARK | $81,464 |
Cleveland, TN | | $74,000 |
Cleveland, TN | | $71,000 |
Cleveland, TN | | $56,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Community Foundation Of Cleveland & Bradley County Inc has recieved totaling $512,935.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: JACK MCKEE DONOR ADVISED FUND | $500,000 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $12,919 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $16 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Medical Group Association Inc Alexandria, VA | $19,689,445 | $10,462,815 |
Disability In Alexandria, VA | $11,237,053 | $8,690,736 |
Shumard Foundation Inc Atlanta, GA | $18,870,364 | $808,294 |
Ladies Union Benevolent Association St Joseph, MO | $16,215,368 | $4,268,127 |
Employer Services Assurance Corporation Little Rock, AR | $1,737,233 | $2,709,348 |
Wake Forest Innovation Quarter Management Co Winstonsalem, NC | $76,176 | $0 |
National Association Of Electrical Distributors Education Foundation St Louis, MO | $19,969,630 | $3,274,087 |
Felix E Martin Jr Foundation Inc Louisville, KY | $76,641,628 | $5,817,946 |
Appalachian Community Capital Corporation Christiansburg, VA | $27,470,921 | $2,186,125 |
Responsible Business Alliance Foundation Alexandria, VA | $1,775,206 | $1,733,955 |
Massanetta Springs Inc Harrisonburg, VA | $9,619,068 | $2,786,663 |
Delta Council Stoneville, MS | $3,990,808 | $1,720,219 |