577 Foundation
- Assets
- $2.4m
- Revenue
- $1.3m
- Investments
- $662.0k
- Employees
- 0
- Location
- Perrysburg, OH
- Founding
- 01/1989
- Data as of
- 12/2023
- EIN
- 34-1591869
Organization Overview
577 Foundation is located in Perrysburg, OH. The organization was established in 1989. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 577 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 12/2023, 577 Foundation generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 5.2% per year over the past 9 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
542 CLASSES & PROGRAMS WITH 4429 PARTICIPANTS
25 SPECIAL EVENTS/PRIVATE WORKSHOPS WITH 1,503 PARTICIPANTS
42 SELF-GUIDED FIELD TRIPS WITH 1,001 PARTICIPANTS
68 MEETINGS WITH 648 PARTICIPANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frances Parry Secretary | 2 | $0 | |
Richard Sipp Immediate Pa | 1 | $0 | |
Michael George Dev Committe | 1 | $0 | |
Kitty Beth Millhon Trustee | 1 | $0 | |
Martin W Nagy Trustee | 1 | $0 | |
Heather Gallant Executive Di | 45 | $92,281 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $997,660 |
| Interest on Savings | $0 |
| Dividends & Interest | $31,822 |
| Net Rental Income | $32,328 |
| Net Gain on Sale of Assets | -$16,939 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $276,874 |
| Total Revenue | $1,321,745 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $92,281 |
| Other employee salaries and wages | $519,404 |
| Pension plans, employee benefits | $160,545 |
| Interest | $1,756 |
| Taxes | $12,131 |
| Depreciation | $217,212 |
| Occupancy | $35,388 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $211,150 |
| Total operating and administrative expenses | $1,285,080 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,285,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,280 |
| Savings and temporary cash investments | $196,453 |
| 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 | $115 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,474,013 |
| Other assets | $781 |
| Total assets | $2,435,651 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $4,745 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $141,206 |
| Other liabilities | $10,259 |
| Total liabilities | $156,210 |