Community Foundation Of Lorain County

Organization Overview

Community Foundation Of Lorain County is located in Elyria, OH. The organization was established in 1981. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Community Foundation Of Lorain County employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Lorain County 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, Community Foundation Of Lorain County generated $27.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $8.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Community Foundation Of Lorain County has awarded 720 individual grants totaling $25,498,851. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE COMMUNITY FOUNDATION CONNECTS PEOPLE WHO CARE WITH CAUSES THAT MATTER.

Describe the Organization's Program Activity:

THE COMMUNITY FOUNDATION IS A GRANTMAKING ORGANIZATION. APPROXIMATELY ONE-THIRD OF THE GRANTS AUTHORIZED IN 2021 WERE DIRECTED BY THE BOARD TOWARD STRATEGIC INITIATIVES AND COMMUNITY RESPONSIVE REQUESTS THAT ADDRESS VITAL COMMUNITY NEEDS IN LORAIN COUNTY AND TO RESPOND TO EMERGING OPPORTUNITIES IN A WIDE RANGE OF CHARITABLE ORGANIZATIONS IN LORAIN COUNTY. GRANTS AWARDED THROUGH A COMPETITIVE PROCESS IN 2021 SUPPORTED PROGRAMS ACROSS A DIVERSE IMPACT AREA, SUCH AS ANIMALS AND ENVIRONMENT, ARTS AND CULTURE, EDUCATION, HEALTH, HUMAN SERVICES, AND PUBLIC BENEFIT. THE REMAINING GRANTS AUTHORIZED IN 2021 WERE AS DESIGNATED TO THE COMMUNITY FOUNDATION FROM DESIGNATED, DONOR ADVISED OR AGENCY FUNDS.


OVER 199 SCHOLARSHIPS FOR EDUCATION BEYOND HIGH SCHOOL WERE AWARDED TO STUDENTS AS DIVERSE AS THE DONORS WHO CREATED THE SCHOLARSHIP FUNDS. IN 2021, SCHOLARSHIPS WERE AWARDED FOR TECH PROGRAMS, CREATIVE WRITING, JOURNALISM, MEDICAL PROGRAMS, AND MANY OTHER ADVANCED LEARNING PURSUITS.


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Board, Officers & Key Employees

Name (title)Compensation
Cynthia H Andrews
President And CEO
$156,622
James A Stobe
CFO
$115,739
Reynaldo Carrion
Vice Chairperson
$0
Veronica Gilbert
Treasurer
$0
Kevin Wm Donovan ESQ
Chairperson
$0
Randy Wagner
Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Wickens Herzer Panza
Legal Services
$115,879
Morgan Stanley
Investment Advisor
$106,297
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $148,306
All other contributions, gifts, grants, and similar amounts not included above$3,533,503
Noncash contributions included in lines 1a–1f $564,774
Total Revenue from Contributions, Gifts, Grants & Similar$3,681,809
Total Program Service Revenue$0
Investment income $2,512,182
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $54,990
Net Gain/Loss on Asset Sales $20,858,236
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $27,165,624

Grants Awarded

Over the last fiscal year, Community Foundation Of Lorain County has awarded $4,490,661 in support to 112 organizations.

Grant RecipientAmount

MERCY FOUNDATION OF LORAIN COUNTY

Org PageRecipient Profile

Cincinnati, OH

PURPOSE: PROGRAM SUPPORT

$732,316

NEIGHBORHOOD ALLIANCE

Org PageRecipient Profile

Lorain, OH

PURPOSE: PROGRAM SUPPORT

$255,225

SECOND HARVEST FOOD BANK OF NORTH CENTRAL OHIO

Org PageRecipient Profile

Lorain, OH

PURPOSE: PROGRAM SUPPORT

$233,012

COMMON GROUND-THE CINDY NORD CENTER FOR RENEWAL

Org PageRecipient Profile

Oberlin, OH

PURPOSE: PROGRAM SUPPORT

$202,510

NATIVITY OF THE BLESSED VIRGIN MARY PARISH

Org PageRecipient Profile

Lorain, OH

PURPOSE: PROGRAM SUPPORT

$135,000

PATRICIA LINDLEY CENTER FOR THE PERFORMING ARTS

Org PageRecipient Profile

Wellington, OH

PURPOSE: PROGRAM SUPPORT

$119,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 24 grants that Community Foundation Of Lorain County has recieved totaling $289,242.

Awarding OrganizationAmount
Community Foundation Of Lorain County

Elyria, OH

PURPOSE: PROGRAM SUPPORT

$96,779
Greater Cincinnati Foundation

Cincinnati, OH

PURPOSE: GENERAL PURPOSE

$75,000
Stocker Foundation

Elyria, OH

PURPOSE: DOLLY PARTON'S IMAGINATION LIBRARY INITIATIVE

$75,000
Nordson Corporation Foundation

Westlake, OH

PURPOSE: EDUCATION PROGRAM

$10,000
The Bettcher Foundation

Vermilion, OH

PURPOSE: CHARITABLE - GENERAL SUPPORT

$10,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$6,200
View Grant Recipient Profile

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