College Club Of Cleveland Foundation
- Assets
- $1.1m
- Revenue
- $89.0k
- Investments
- $1.1m
- Employees
- 0
- Location
- Solon, OH
- Founding
- 04/1988
- Data as of
- 12/2021
- EIN
- 34-1569601
Organization Overview
College Club Of Cleveland Foundation is located in Solon, OH. The organization was established in 1988. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Club Of Cleveland 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, College Club Of Cleveland Foundation generated $89.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $66.3k during the year ending 12/2021. While expenses have increased by 12.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, College Club Of Cleveland Foundation has awarded 87 individual grants totaling $497,874. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIMARY ACTIVITY IS TO ISSUE EDUCATIONAL SCHOLARSHIPS TO UNIVERSITIES ON BEHALF OF QUALIFIED CANDITATES. IN 2020, 15 QUALIFIED CANDIDATES RECEIVED SCHOLARSHIPS AND A LARGE DONATION WAS MADE TO SUPPORT THE "SAY YES" CAMPAIGN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Gorenshek President | 1 | $0 | |
Patricia Miller Vice-President | 1 | $0 | |
Jeanine Farone Secretary | 1 | $0 | |
Barbara Decker Treasurer | 1 | $0 | |
Pat Miller Scholarship Chair | 1 | $0 | |
Pat Mcneilly Scholarship | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $345 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,895 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $74,805 |
| Capital Gain Net Income | $74,805 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $89,045 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $0 |
| Total operating and administrative expenses | $13,750 |
| Contributions, gifts, grants paid | $52,500 |
| Total expenses and disbursements | $66,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,106 |
| 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 | $1,119,638 |
| 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, College Club Of Cleveland Foundation has awarded $52,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Cleveland, OH PURPOSE: SCHOLARSHIP FOR ENGY MOSAD - $2,000SCHOLARSHIP FOR CHRISTY MUSOLF - $2,000SCHOLARSHIP FOR CHANTHY TSAKON - $2,000SCHOLARSHIP FOR TIFFANY RUTKOWSKI - $2,000SCHOLARSHIP FOR SHARONNA RUCKER - $2,000 | $10,000 |
Berea, OH PURPOSE: SCHOLARSHIP FOR TONY VAN TRAN | $5,000 |
CUYAHOGA COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP FOR JUANITA PRICE A NORMAN - $2,500SCHOLARSHIP FOR BECKY MONAHAN A NORMAN - $2,500 | $5,000 |
Oxford, OH PURPOSE: SCHOLARSHIP FOR SARHA HERBECK | $5,000 |
Cleveland, OH PURPOSE: SCHOLARSHIP FOR SETH ALLEN | $5,000 |
Columbus, OH PURPOSE: SCHOLARSHIP FOR TRENT BOYNE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Schools International Insurance Plan And Trust Fund Grandville, MI | $5,188,497 | $9,699,281 |
Saginaw Valley State University Foundation University Center, MI | $94,804,323 | $8,609,845 |
English-Bonter-Mitchell Foundation Pittsburgh, PA | $150,419,755 | $42,613,149 |
Detroit Public Schools Foundation Detroit, MI | $5,212,797 | $6,732,219 |
Isaac Newton Foundation Inc Philadelphia, PA | $139,547,072 | $8,902,357 |
Annenberg School For Communication Tr At The University Of Pa Philadelphia, PA | $121,203,086 | $8,507,152 |
Clven National House Corporation Carmel, IN | $3,795,815 | $8,533,157 |
Wright State University Foundation Inc Dayton, OH | $166,064,682 | $13,302,016 |
Clarion Universiy Foundation Inc Clarion, PA | $152,611,961 | $6,384,820 |
College Heights Foundation Inc Bowling Green, KY | $121,076,020 | $12,280,275 |
Northern Kentucky University Foundation Inc Highland Heights, KY | $152,385,239 | $8,696,843 |
Central Pennsylvania School Employee Benefit Trust Bellefonte, PA | $7,410,494 | $6,984,249 |