I B H Foundation Inc
- Assets
- $20.7m
- Revenue
- $745.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Akron, OH
- Founding
- 03/1989
- Data as of
- 12/2021
- EIN
- 34-1597850
Organization Overview
I B H Foundation Inc is located in Akron, 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. I B H Foundation Inc 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, I B H Foundation Inc generated $745.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
I.B.H. FOUNDATION WAS FORMED IN 1988 EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES. THIS INCLUDES THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT IBH ADDICTION RECOVERY CENTER (AN 102 BED ALCOHOL / DRUG RESIDENTIAL TREATMENT CENTER DEDICATED TO SERVING THE INDIGENT POPULATION OF ITS COMMUNITY) THROUGH PROGRAM SUPPORT AND THE PURCHASE OF MAJOR FIXED ASSETS. ACTIVITY FOR 2021 INCLUDES, BUT IS NOT LIMITED TO: 1) PROVIDE PROGRAM SUPPORT FOR: DEVELOPMENT, MARKETING AND RESEARCH EFFECTIVENESS. 2) PROVIDE PROGRAM SUPPORT FOR AFTERCARE PROGRAMMING: IBH REACH PROJECT. 3) PROVIDE FINANCIAL SUPPORT FOR FACILITIES INCLUDING MAINTENANCE AND REPAIRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Allio President | OfficerTrustee | 1 | $0 |
Timothy J Killian Vice Preside | OfficerTrustee | 1 | $0 |
Dean H Sloane CPA Administrato | Officer | 1 | $0 |
Tom Haskins Trustee | Trustee | 1 | $0 |
Daniel L Pohl Trustee | Trustee | 1 | $0 |
Frank Comunale Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $510,735 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $510,735 |
| Total Program Service Revenue | $0 |
| Investment income | $775 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $109,078 |
| Net Gain/Loss on Asset Sales | $124,007 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $745,207 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,801,227 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $6,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,628 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $259 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,872 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,726 |
| Insurance | $143 |
| All other expenses | $0 |
| Total functional expenses | $1,899,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $444,776 |
| Savings and temporary cash investments | $421,559 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,663,392 |
| Investments—publicly traded securities | $799 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,153,477 |
| Total assets | $20,684,003 |
| Accounts payable and accrued expenses | $306,250 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $281,022 |
| Other liabilities | $0 |
| Total liabilities | $587,272 |
| Net assets without donor restrictions | $20,096,731 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,684,003 |
Grants Awarded
Over the last fiscal year, I B H Foundation Inc has awarded $548,964 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Akron, OH PURPOSE: SUPPORT IBH PROGRAM | $538,743 |
Wooster, OH PURPOSE: SUPPORT VILLAGE NETWORK | $10,221 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that I B H Foundation Inc has recieved totaling $1,001,956.
| Awarding Organization | Amount |
|---|---|
Akron Community Foundation Akron, OH PURPOSE: FOR IMPROVEMENTS, MAINTENANCE AND PROGRAM SUPPORT | $1,001,956 |
Endowment Analysis
| Beg. Balance | $16,000,969 |
| Earnings | $1,803,537 |
| Admin Expense | $151,029 |
| Grants | $500,000 |
| Ending Balance | $17,153,477 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |