Robert A Immerman Family Foundation
- Assets
- $38.5m
- Revenue
- $2.8m
- Investments
- $36.2m
- Employees
- 0
- Location
- Twinsburg, OH
- Founding
- 08/2011
- Data as of
- 12/2023
- EIN
- 27-4209752
Organization Overview
Robert A Immerman Family Foundation is located in Twinsburg, OH. The organization was established in 2011. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Robert A Immerman Family 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, Robert A Immerman Family Foundation generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Robert A Immerman Family Foundation has awarded 12 individual grants totaling $5,990,000. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert A Immerman President/treasurer | 1 | $0 | |
Sarah C Immerman Vice President | 1 | $0 | |
Rachel L Immerman Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $33,886 |
| Dividends & Interest | $10,836 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $352,808 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,759,526 |
| Total Revenue | $2,804,248 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $45,426 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $725 |
| Total operating and administrative expenses | $241,649 |
| Contributions, gifts, grants paid | $2,000,000 |
| Total expenses and disbursements | $2,241,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,282,429 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $38,520,742 |
| Accounts payable and accrued expenses | $41,642 |
| 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 | $41,642 |
Grants Awarded
Over the last fiscal year, Robert A Immerman Family Foundation has awarded $1,725,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CLEVELAND FOUNDATION PURPOSE: CONTINUED GENERAL OPERATING SUPPORT | $1,000,000 |
JEWISH FEDERATION OF CLEVELAND PURPOSE: CONTINUED GENERAL OPERATING SUPPORT | $725,000 |