Greenacres Foundation
- Assets
- $368.6m
- Revenue
- $19.2m
- Investments
- $291.9m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 11/1988
- Data as of
- 12/2021
- EIN
- 31-1250075
Organization Overview
Greenacres Foundation is located in Cincinnati, OH. The organization was established in 1988. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenacres 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 12/2021, Greenacres Foundation generated $19.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $20.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Greenacres Foundation has awarded 206 individual grants totaling $50,484,637. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
THE FOUNDATION OPERATES AN ENVIRONMENTAL EDUCATION CENTER FOR AREA SCHOOL CHILDREN AND GARDEN EDUCATION PROGRAMS. SCHOOL CHILDREN VISIT IN CLASSES. IN 2021, THE EDUCATION CENTER PROVIDED 265 PROGRAMS. IN TOTAL, 6,008 CHILDREN AND 1,084 ADULTS VISITED THE CENTER DURING THE YEAR.
THE FOUNDATION CONDUCTS RESEARCH IN TOPICS RELATED TO OTHER CHARITABLE ACTIVITIES THE FOUNDATION CONDUCTS THIS RESEARCH THROUGH ITS INTERNAL RESEARCH DEPARTMENT AND IN COLLABORATION WITH VARIOUS UNIVERSITIES AND INSTITUTIONS INCLUDING AT THE NOBLE INSTITUTE, MICHIGAN STATE UNIVERSITY, THE OHIO STATE UNIVERSITY, UNIVERSITY OF TENNESSEE, YALE UNIVERSITY, COLORADO STATE, UNIVERSITY OF WYOMING, THE NATURE CONSERVANCY, OREGON STATE, FOUNDATION FOR FOOD AND AGRICULTURE RESEARCH AND UTAH STATE. RESEARCH FOCUS ON ENVIRONMENT IMPACT, FARM TECHNIQUES AND IMPACT ON NUTRITION AND ENVIRONMENT AND OTHER TOPICS RELATED TO OTHER CHARITABLE ACTIVITIES
THE FOUNDATION OPERATES A FARM USING ROTATIONAL GRAZING TO PRESERVE FARMLAND AND RAISE HEALTHY COWS, SHEEP, CHICKENS, HOGS, AND TURKEYS. THE FARM PRODUCTS ARE SOLD THROUGH THE FARM STORE. IN 2021, THE FARM PROVIDED 119 PROGRAMS. IN TOTAL, 1,709 CHILDREN AND 376 ADULTS PARTICIPATED IN THESE PROGRAMS DURING THE YEAR.
THE FOUNDATION OPERATES AN ART CENTER WHICH PROVIDES EDUCATION IN CULTURAL, VISUAL AND MUSICAL ARTS. IN 2021, THE ART CENTER PROVIDED 67 PROGRAMS. IN TOTAL, 1,262 CHILDREN AND 197 ADULTS VISITED THE CENTER DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carter F Randolph PHD President/founder | 30 | $369,439 | |
Mr James Ebenschweiger Treasurer / Trustee | 40 | $137,400 | |
Donna Wolfer Chief Operations Off | 40 | $129,625 | |
Donna Griffin Education Director | 40 | $107,737 | |
Alexander Saurber Buildings & Grounds | 40 | $106,129 | |
Peter Wheeler Marketing Director | 40 | $85,889 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Weisbecker Construction | 12/30/21 | $177,783 |
Huber General Contracting | 12/30/21 | $2,454,420 |
Greenhouse Renovation Services Inc | 12/30/21 | $281,044 |
Randolph Company Inc | 12/30/21 | $1,978,623 |
Net Vision Inc | 12/30/21 | $158,132 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $27,336 |
| Interest on Savings | $182,648 |
| Dividends & Interest | $10,399,218 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,571,806 |
| Capital Gain Net Income | $7,559,379 |
| Net ST Capital Gain | $0 |
| Income Modifications | $637,500 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,013,923 |
| Total Revenue | $19,194,931 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $506,839 |
| Other employee salaries and wages | $3,306,073 |
| Pension plans, employee benefits | $853,832 |
| Interest | $0 |
| Taxes | $1,060,603 |
| Depreciation | $1,168,614 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $22,559 |
| Printing and publications | $0 |
| Other expenses | $3,773,702 |
| Total operating and administrative expenses | $12,817,346 |
| Contributions, gifts, grants paid | $7,670,213 |
| Total expenses and disbursements | $20,487,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,943,130 |
| Net Accounts receivable | $693 |
| 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 | $773,562 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $28,067,549 |
| Net Land, buildings, and equipment | $66,729,207 |
| Other assets | $3,243,636 |
| Total assets | $368,577,595 |
| Accounts payable and accrued expenses | $1,100,026 |
| Grants payable | $0 |
| Deferred revenue | $114,800 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,214,826 |
Grants Awarded
Over the last fiscal year, Greenacres Foundation has awarded $7,670,213 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
Cincinnati, OH PURPOSE: ORGANIZATION'S CHARITABLE PURPOSE | $5,357,141 |
CINCINNATI OPERA PURPOSE: ORGANIZATION'S CHARITABLE PURPOSE | $918,367 |
CINCINNATI MAY FESTIVAL PURPOSE: ORGANIZATION'S CHARITABLE PURPOSE | $382,653 |
CINCINNATI BALLET PURPOSE: ORGANIZATION'S CHARITABLE PURPOSE | $382,653 |
Cincinnati, OH PURPOSE: ORGANIZATION'S CHARITABLE PURPOSE | $75,000 |
SCHOOL FOR CREATIVE AND PERFORMING ARTS PURPOSE: ORGANIZATION'S CHARITABLE PURPOSE | $68,600 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greenacres Foundation has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Alpaugh Foundation Cincinnati, OH PURPOSE: EDUCATION OF FARMING AND RURAL LIFE | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greenacres Foundation Cincinnati, OH | $368,577,595 | $19,194,931 |
West Creek Conservancy Parma, OH | $2,888,241 | $8,563,674 |
Friends Of The Detroit River Taylor, MI | $2,929,234 | $4,961,842 |
Earth Conservancy Ashley, PA | $31,704,256 | $2,874,276 |
Superior Watershed Partnership Marquette, MI | $4,349,166 | $4,309,607 |
Delaware Bay And River Cooperative Inc Linwood, PA | $4,814,583 | $3,275,578 |
Black Swamp Conservancy Perrysburg, OH | $12,036,158 | $4,862,475 |
Stream And Wetlands Foundation Lancaster, OH | $51,161,691 | $6,506,063 |
Stream Restoration Incorporated Mars, PA | $510,064 | $2,294,533 |
Schuylkill River Greenway Assn Pottstown, PA | $2,909,534 | $2,337,003 |
Huron River Watershed Council Ann Arbor, MI | $2,844,349 | $2,464,693 |
Grand Traverse Bay Watershed Initiative Inc Traverse City, MI | $737,164 | $2,236,720 |