Akron General Foundation
- Assets
- $19.0m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Akron, OH
- Founding
- 10/1928
- Data as of
- 12/2015
- EIN
- 34-1127047
Organization Overview
Akron General Foundation is located in Akron, OH. The organization was established in 1928. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Akron General Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH AND LIVES OF THE PEOPLE AND COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLINICAL AND OTHER PROGRAMS AT AKRON GENERAL MEDICAL CENTERIN 2015, THE AKRON GENERAL FOUNDATION PROVIDED TO SUPPORT AKRON GENERAL MEDICAL CENTER INCLUDING THE CANCER CENTER, THE HEART AND VASCULAR CENTER, ORTHOPEDICS, RADIATION/ONCOLOGY, HOSPICE AND REHABILITATION SERVICES.
CLINICAL RESEARCH AT AKRON GENERAL MEDICAL CENTERAKRON GENERAL FOUNDATION SUPPORTS THE RESEARCH EFFORTS AT AKRON GENERAL MEDICAL CENTER'S MCDOWELL CANCER CENTER, AKRON GENERAL MEDICAL CENTER'S CHAPMAN CRITICAL CARE CENTER, AND AKRON GENERAL MEDICAL CENTER'S CALHOUN RESEARCH CENTER. RESEARCH CONTINUES TO BE FOCUSED ON CANCER, WOUND TREATMENT METHODS, CLINICAL DIAGNOSIS, PULMONARY, CRITICAL CARE AND ORTHOPEDICS.
HEALTH PROFESSIONS EDUCATION AT AKRON GENERAL MEDICAL CENTERTHE MEDICAL STAFF OF AKRON GENERAL HEALTH SYSTEM IS ABLE TO ATTEND VISITING PROFESSORS AND CONTINUING EDUCATION PROGRAMS UNDERWRITTEN BY THE AKRON GENERAL FOUNDATION SUCH AS: THE APIC CONFERENCE FOR THE INFECTION PREVENTION STAFF, ROUSSI VISITING PROFESSORSHIP FOR ED RESIDENTS, THE J. ROBERT WILSON LECTURESHIP FOR THE PULMONARY DEPARTMENT OPEN TO PUBLIC ATTENDEES AND THE DENISE CARRABINE LECTURE WHICH IS ALSO OPENED TO OUTSIDE ATTENDEES. FUNDS FROM THE AKRON GENERAL FOUNDATION ALSO WERE USED TO EDUCATE AND TRAIN STAFF ON IMPORTANT PATIENT INITIATIVES SUCH AS INFECTION CONTROL.
AKRON GENERAL MEDICAL CENTER'S RADIOLOGY DEPARTMENT WAS ABLE TO OFFER ITS SERVICES AT NO COST TO UNDERINSURED PATIENTS IN THE COMMUNITY THANKS TO SUPPORT FROM THE AKRON GENERAL FOUNDATION. AKRON GENERAL FOUNDATION ALSO PROVIDED FUNDING FOR THE INSTALLATION OF AED UNITS IN VARIOUS PUBLIC LOCATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory R Bean Director, Vice Chair | OfficerTrustee | 5 | $0 |
Richard Harris Director, Chair | OfficerTrustee | 5 | $0 |
Amanda Van Horn Asst. Secretary | Officer | 5 | $0 |
Deborah Gorbach Interim Treasurer Beg. 6/15 | Officer | 5 | $0 |
Sue Mccarthy Treasurer Thru 6/15 | Officer | 5 | $0 |
David Frigo Asst Treasurer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $119,610 |
| Related organizations | $214,487 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,305,293 |
| Noncash contributions included in lines 1a–1f | $25,413 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,639,390 |
| Total Program Service Revenue | $0 |
| Investment income | $367,352 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,018,676 |
| Net Income from Fundraising Events | $23,230 |
| Net Income from Gaming Activities | $14,723 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,063,371 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,821,427 |
| Grants and other assistance to domestic individuals. | $13,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $12,877 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,766 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $67,008 |
| Total functional expenses | $1,927,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $330,516 |
| Savings and temporary cash investments | $5,438,375 |
| Pledges and grants receivable | $88,739 |
| 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 | $11,962,114 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,151,270 |
| Total assets | $18,971,014 |
| Accounts payable and accrued expenses | $265,099 |
| 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 | $109,197 |
| Total liabilities | $374,296 |
| Unrestricted restricted net Assets | $3,535,838 |
| Temporarily restricted net Assets | $11,054,217 |
| Permanently restricted net Assets or current funds | $4,006,663 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $18,596,718 |
Grants Awarded
Over the last fiscal year, Akron General Foundation has awarded $1,821,427 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Independence, OH PURPOSE: HEALTH CARE | $1,119,579 |
Independence, OH PURPOSE: HEALTH CARE | $603,401 |
Independence, OH PURPOSE: HEALTH CARE | $88,447 |
Akron, OH PURPOSE: HEALTH CARE | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Akron General Foundation has recieved totaling $27,000.
| Awarding Organization | Amount |
|---|---|
Wadsworth Golf Charities Foundation Plainfield, IL PURPOSE: TO FURTHER THE FOUNDATION'S EXEMPT PURPOSES. | $25,000 |
The@marksewing Family Foundation Akron, OH PURPOSE: SUPPORT CHARITABLE PURPOSE OF ORGANIZATION | $2,000 |
Endowment Analysis
| Beg. Balance | $15,762,635 |
| Earnings | $35,282 |
| Admin Expense | $17,945 |
| Net Contributions | $1,540,213 |
| Other Expense | $2,246,305 |
| Grants | $13,000 |
| Ending Balance | $15,060,880 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Penn Comprehensive Health Services Mansfield, PA | $22,065,846 | $23,390,461 |
Memorial Professional Services Ltd Toledo, OH | $7,092,437 | $15,080,612 |
Third Street Community Clinic Inc Mansfield, OH | $11,972,993 | $20,324,464 |
Community Lifeteam Inc Harrisburg, PA | $10,105,163 | $14,110,293 |
Neighborhood Health Clinics Inc Fort Wayne, IN | $13,928,697 | $17,842,715 |
Parkview Occupational Health Centers Inc Fort Wayne, IN | $3,778,639 | $14,681,645 |
Medical Associates Of Erie Erie, PA | $13,349,098 | $16,733,859 |
Unison Behavioral Health Group Inc Toledo, OH | $10,072,859 | $19,349,796 |
M E D F Physicians Corporation Coldwater, OH | $3,339,539 | $9,791,556 |
Lodi Community Hospital Independence, OH | $11,116,607 | $16,652,860 |
Susquehanna Community Health Anddental Clinic Inc Williamsport, PA | $8,760,131 | $15,648,300 |
Covenant Community Care Inc Detroit, MI | $9,897,914 | $16,953,311 |