Harold K & Myrtle C Folk Charitable Foundation
- Assets
- $604.4k
- Revenue
- $286.5k
- Investments
- $540.6k
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 04/1983
- Data as of
- 06/2021
- EIN
- 34-1373593
Organization Overview
Harold K & Myrtle C Folk Charitable Foundation is located in Cleveland, OH. The organization was established in 1983. According to its NTEE Classification (A24) the organization is classified as: Folk Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harold K & Myrtle C Folk Charitable 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 06/2021, Harold K & Myrtle C Folk Charitable Foundation generated $286.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $916.4k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Harold K & Myrtle C Folk Charitable Foundation has awarded 115 individual grants totaling $1,294,110. 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 |
|---|---|---|---|
Karen Daverio President/trustee | 3 | $7,800 | |
David Reyes Vp/trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,730 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $260,808 |
| Capital Gain Net Income | $260,808 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $286,538 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $590 |
| Total operating and administrative expenses | $18,705 |
| Contributions, gifts, grants paid | $897,670 |
| Total expenses and disbursements | $916,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,812 |
| 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 | $0 |
| Total assets | $604,413 |
| 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, Harold K & Myrtle C Folk Charitable Foundation has awarded $897,670 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ST IGNATIUS HIGH SCHOOL PURPOSE: SCHOLARSHIP FUND | $767,000 |
ST BERNADETTE CHURCH PURPOSE: GENERAL | $90,000 |
Richfield, OH PURPOSE: GENERAL | $15,000 |
Akron, OH PURPOSE: GENERAL | $12,500 |
ST VINCENT DE PAUL CHURCH PURPOSE: GENERAL | $8,100 |
Akron, OH PURPOSE: GENERAL | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harold K & Myrtle C Folk Charitable Foundation Cleveland, OH | $604,413 | $286,538 |
Just Enterprises Inc Louisville, KY | $277,184 | $333,690 |
Rose Valley Folk Rose Valley Rose Valley, PA | $1,119,838 | $316,260 |
Association Of Artists And Craftsmen Of Porter County Incorpo Chesterton, IN | $242,686 | $0 |
Folkert Family Foundation Grand Rapids, MI | $144,024 | $75,440 |
Michigan League Of Handweavers Portage, MI | $138,214 | $0 |
Schuylkill County Quilters Guild Schuylkill Haven, PA | $14,083 | $0 |
Louisville Guitar Society Inc Louisville, KY | $3,961 | $0 |