Joseph Family Foundation
- Assets
- $1.3m
- Revenue
- $62.2k
- Investments
- $895.7k
- Employees
- 0
- Location
- Middleburg Heights, OH
- Founding
- 08/2001
- Data as of
- 12/2022
- EIN
- 31-1504058
Organization Overview
Joseph Family Foundation is located in Middleburg Heights, OH. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Joseph 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 12/2022, Joseph Family Foundation generated $62.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $501.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Joseph Family Foundation has awarded 43 individual grants totaling $636,746. 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
THE FOUNDATION DID NOT ENGAGE IN ANY DIRECT CHARITABLE ACTIVITIES DURING 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis G Joseph Trustee/pres/sec'r | 1 | $0 | |
Valerie J Joseph Trustee/vice Pres | 1 | $0 | |
Geoffrey R Engel Trustee/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,200 |
| Interest on Savings | $0 |
| Dividends & Interest | $27,586 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,377 |
| Capital Gain Net Income | $31,377 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,023 |
| Total Revenue | $62,186 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,687 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $375,080 |
| Total operating and administrative expenses | $387,582 |
| Contributions, gifts, grants paid | $113,703 |
| Total expenses and disbursements | $501,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,004 |
| 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 | $417,645 |
| Total assets | $1,326,384 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Joseph Family Foundation has awarded $113,703 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CUYAHOGA COMMUNITY COLLEGE FOUNDATION PURPOSE: GENERAL SUPPORT | $25,000 |
MISCELLANEOUS PURPOSE: GENERAL SUPPORT | $1,750 |
ORCHARDS LAKEST MARY'S PREPARATORY SCHOOL PURPOSE: GENERAL SUPPORT | $13,278 |
CENTRAL STATE UNIVERSITY FOUNDATION PURPOSE: GENERAL SUPPORT | $5,000 |
PLAYHOUSE SQUARE FOUNDATION PURPOSE: GENERAL SUPPORT | $51,000 |
CLIFF KEEN WRESTLING PROGRAM PURPOSE: GENERAL SUPPORT | $10,000 |