Deaconess Foundation
- Assets
- $52.6m
- Revenue
- $1.6m
- Investments
- $52.0m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 10/1993
- Data as of
- 12/2022
- EIN
- 34-1372066
Organization Overview
Deaconess Foundation is located in Cleveland, OH. The organization was established in 1993. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Deaconess 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, Deaconess Foundation generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Deaconess Foundation has awarded 258 individual grants totaling $15,745,714. 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 |
|---|---|---|---|
Cathy Belk President & CEO | 40 | $245,313 | |
Carrie Clark Board Chair | 0.5 | $0 | |
Scott Hamilton Trustee | 0.5 | $0 | |
Justin Horton Trustee | 0.5 | $0 | |
Colette Jones Trustee | 0.5 | $0 | |
Kenneth Liang Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dix And Eaton | 12/30/20 | $65,714 |
Clearstead | 12/30/20 | $88,289 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,100 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,170,490 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $385,242 |
| Capital Gain Net Income | $385,580 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,500 |
| Total Revenue | $1,585,332 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $235,653 |
| Other employee salaries and wages | $153,184 |
| Pension plans, employee benefits | $57,169 |
| Interest | $0 |
| Taxes | $45,439 |
| Depreciation | $7,343 |
| Occupancy | $44,854 |
| Travel, conferences, and meetings | $18,251 |
| Printing and publications | $0 |
| Other expenses | $298,484 |
| Total operating and administrative expenses | $947,031 |
| Contributions, gifts, grants paid | $2,444,853 |
| Total expenses and disbursements | $3,391,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,288 |
| Savings and temporary cash investments | $506,849 |
| 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 | $12,728 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $52,016,693 |
| Net Land, buildings, and equipment | $25,204 |
| Other assets | $0 |
| Total assets | $52,594,762 |
| Accounts payable and accrued expenses | $42,289 |
| Grants payable | $75,000 |
| 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 | $117,289 |
Grants Awarded
Over the last fiscal year, Deaconess Foundation has awarded $2,258,798 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
ARGONAUT PURPOSE: AEROSPACE AND MARITIME CAREER PATHWAYS FOR HIGH SCHOOL STUDENTS | $35,000 |
ARCHWOOD UNITED CHURCH OF CHRIST PURPOSE: 2023 MISSION OUTREACH ARCHWOOD/DENISON HOT MEALS BRIDGE FUNDING | $7,000 |
BURTEN BELL CARR DEVELOPMENT INC PURPOSE: TO SUPPORT THE UNIVERSAL BASIC EMPLOYMENT PILOT | $31,300 |
CENTER FOR EMPLOYMENT OPPORTUNITIES PURPOSE: COMPREHENSIVE REENTRY EMPLOYMENT SERVICES FOR CLEVELANDS JUSTICE-IMPACTED RETURNING CITIZENS | $50,000 |
CLEVELAND CENTER FOR ARTS & TECHNOLOGY (DBA NEWBRIDGE) PURPOSE: 2023 PUBLIC SERVICE FELLOW SUPPORT; ADULT HEALTHCARE WORKFORCE DEVELOPMENT PROGRAMMING; CONTINUOUS IMPROVEMENT COACHING TO DEVELOP HIGH PERFORMING TEAMS AND ACADEMIC SUCCESS | $176,248 |
CLEVELAND OWNS PURPOSE: THE WORKER- AND COMMUNITY-OWNED COOPERATIVE DEVELOPMENT PROGRAM AT CLEVELAND OWNS | $25,000 |