Fred A Lennon Charitable Tr Private Foundation
- Assets
- $78.8m
- Revenue
- $2.0m
- Investments
- $78.7m
- Employees
- 0
- Location
- Pepper Pike, OH
- Founding
- 02/1994
- Data as of
- 12/2022
- EIN
- 34-1761181
Organization Overview
Fred A Lennon Charitable Tr Private Foundation is located in Pepper Pike, OH. The organization was established in 1994. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Fred A Lennon Charitable Tr Private 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, Fred A Lennon Charitable Tr Private Foundation generated $2.0m 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 (6.7%) each year. All expenses for the organization totaled $4.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Fred A Lennon Charitable Tr Private Foundation has awarded 390 individual grants totaling $11,890,832. 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 |
|---|---|---|---|
Norbert J Tobbe Trustee | 1 | $25,000 | |
Thomas J Janoch Trustee/treasurer | 4 | $25,000 | |
Timothy P Ryan Trustee | 1 | $25,000 | |
Christopher Hitchcock Executive Director | 10 | $0 | |
Douglas S Spicer Trustee/secretary | 5 | $25,000 | |
David E Waltermire Trustee | 1 | $25,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $332 |
| Dividends & Interest | $1,005,333 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $867,944 |
| Capital Gain Net Income | $867,944 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $97,222 |
| Total Revenue | $1,970,831 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $125,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $375,202 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $63,899 |
| Total operating and administrative expenses | $991,281 |
| Contributions, gifts, grants paid | $3,930,663 |
| Total expenses and disbursements | $4,921,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $147,921 |
| 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 | $4,900,469 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $78,813,139 |
| 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, Fred A Lennon Charitable Tr Private Foundation has awarded $3,930,663 in support to 141 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVEMENT CENTER PURPOSE: GENERAL SUPPORT | $25,000 |
ALTA HOUSE PURPOSE: GENERAL SUPPORT | $2,000 |
ALS ASSOCIATION - NORTHEAST OHIO CHAPTER PURPOSE: GENERAL SUPPORT | $2,000 |
ALZHEIMER'S ASSOCIATION-CLEVELAND CHAPTER PURPOSE: GENERAL SUPPORT | $15,000 |
AMERICAN CANCER SOCIETY - CUYAHOGA UNIT PURPOSE: GENERAL SUPPORT | $102,500 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL SUPPORT | $2,000 |