Kulas Foundation
- Assets
- $0.0
- Revenue
- $6.6m
- Investments
- $50.1m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 06/1938
- Data as of
- 12/2021
- EIN
- 34-0770687
Organization Overview
Kulas Foundation is located in Cleveland, OH. The organization was established in 1938. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Kulas 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, Kulas Foundation generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $2.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kulas Foundation has awarded 466 individual grants totaling $18,763,720. 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 |
|---|---|---|---|
Richard W Pogue Chairman Of The Board, Trustee | 1 | $10,000 | |
Richard J Clark Executive Vp/secretary | 20 | $118,250 | |
Nancy W Mccann President/treasurer/trustee | 20 | $158,125 | |
Christopher M Kelly Vice President/trustee | 1 | $10,000 | |
Heather Lennox Vice President/trustee | 1 | $10,000 | |
John M Saada Jr Vice President/trustee | 1 | $2,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,060,418 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,433 |
| Total Revenue | $6,647,917 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $342,213 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $180,578 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $843,787 |
| Contributions, gifts, grants paid | $1,618,520 |
| Total expenses and disbursements | $2,462,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,393 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,219,758 |
| Other assets | $85,226 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $6,372 |
Grants Awarded
Over the last fiscal year, Kulas Foundation has awarded $1,565,500 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
APOLLO'S FIRE CLEVELAND BAROQUE ORCHESTRA PURPOSE: PROGRAMMATIC SUPPORT | $30,000 |
BALDWIN WALLACE UNIVERSITY PURPOSE: PROGRAMMATIC SUPPORT | $104,500 |
BECK CENTER FOR THE ARTS PURPOSE: PROGRAMMATIC SUPPORT | $125,000 |
CASE WESTERN RESERVE UNIVERSITY PURPOSE: PROGRAMMATIC SUPPORT | $154,500 |
CLEVELAND BALLET PURPOSE: PROGRAMMATIC SUPPORT | $50,000 |
CLEVELAND COUNCIL ON WORLD AFFAIRS PURPOSE: PROGRAMMATIC SUPPORT | $10,000 |