Sisters Of Charity Foundation Of Canton
- Assets
- $111.3m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 34-1832697
Organization Overview
Sisters Of Charity Foundation Of Canton is located in Cleveland, OH. The organization was established in 1946. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Sisters Of Charity Foundation Of Canton 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, Sisters Of Charity Foundation Of Canton generated $3.6m 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 (9.2%) each year. All expenses for the organization totaled $4.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Sisters Of Charity Foundation Of Canton has awarded 131 individual grants totaling $11,959,270. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND FURTHER THE MISSION AND MINISTRY OF THE SISTERS OF CHARITY OF ST. AUGUSTINE BY ADDRESSING THE NEEDS OF THE POOR AND UNDER SERVED THROUGH PROGRAMS THAT PROMOTE HEALTH, EDUCATION, AND SOCIAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SISTERS OF CHARITY FOUNDATION OF CANTON IS A MINISTRY OF THE SISTERS OF CHARITY HEALTH SYSTEM AND IS BASED UPON THE GOSPEL VALUES, CATHOLIC SOCIAL TEACHINGS, AND THE CHARITABLE MISSION OF THE SISTERS AND THE ROMAN CATHOLIC CHURCH. CAF'S FOCUS IS TO ADDRESS THE NEEDS OF THE POOR AND UNDERSERVED BY UNDERSTANDING THE ROOT CAUSES OF POVERTY, NURTURING THE GROWTH OF HEALTHY COMMUNITIES EMPHASIZING YOUTH AND FAMILY AND MEASURING THE OUTCOMES OF THESE EFFORTS.
CAF HAS FOCUSED SIGNIFICANT FUNDING AND STAFF RESOURCES ON STARK COUNTY'S HOMELESS CONTINUUM OF CARE AND HAS HELPED TO ESTABLISH THE STARK HOUSING NETWORK, A NOT-FOR-PROFIT ORGANIZATION DEDICATED TO THIS WORK. COMMUNITIES ARE REQUIRED TO ESTABLISH CONTINUUMS OF CARE IN ORDER TO APPLY FOR, RECEIVE, AND MONITOR FEDERAL AND STATE FUNDING FOR HOMELESS SERVICES. ALONG WITH GRANTS TARGETING SPECIFIC HOUSING PROJECTS, CAF HAS PROVIDED LEADERSHIP IN LOCAL AND STATE BOARDS AND COMMITTEES.
CAF HAS A LONG-TIME COMMITMENT TO IMPROVING EARLY EDUCATION AND CARE IN STARK COUNTY AND BEYOND. PROGRAMS TO IMPROVE THE QUALITY OF YOUNG CHILDREN'S EARLY LEARNING EXPERIENCES OUTSIDE OF THE HOME AS WELL AS PROGRAMS THAT FOCUS ON FAMILIES AS CHILDREN'S FIRST TEACHERS ARE SUPPORTED. ALONG WITH LEADING LOCAL EFFORTS IN EARLY CHILDHOOD, CAF WORKS ACROSS THE STATE AND COUNTRY TO EFFECT POLICY CHANGES AND SUPPORT SYSTEM BUILDING FOR YOUNG CHILDREN AND FAMILIES. THE MAJORITY OF CAF'S EARLY CHILDHOOD FUNDING IS DEDICATED TO SUPPORTING A LOCAL RESOURCE CENTER, A KINDERGARTEN READINESS PROGRAM, PROFESSIONAL DEVELOPMENT FOR TEACHERS AND FAMILY SUPPORT PROGRAMS.
THE SISTERS OF CHARITY FOUNDATION HAS A GOAL TO STRENGTHEN STARK COUNTY'S MENTAL HEALTH SYSTEM TO ENSURE HIGH-QUALITY SERVICES AND FISCALLY STRONG ORGANIZATIONS ARE AVAILABLE TO THOSE IN NEED, BY OFFERING TECHNICAL ASSISTANCE AND CAPACITY BUILDING TO LOCAL PROVIDERS AND CONNECTING WITH LOCAL AND STATE PARTNERS AS NEEDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Halm Secretary | OfficerTrustee | 1 | $0 |
Ronald S Young Board Chair | OfficerTrustee | 1 | $0 |
Elaine Russell Reolfi Treasurer | OfficerTrustee | 1 | $0 |
Joni T Close President | Officer | 40 | $0 |
Melissa Rogers Assistant Treasurer | Officer | 1 | $0 |
Judge Rosemarie Hall Board Member | 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 | $5,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,800 |
| Total Program Service Revenue | $0 |
| Investment income | $862,679 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,759,133 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,627,612 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,978,590 |
| 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. | $245,775 |
| Compensation of current officers, directors, key employees. | $61,444 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $250,858 |
| Pension plan accruals and contributions | $38,953 |
| Other employee benefits | $57,153 |
| Payroll taxes | $29,792 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $369,184 |
| Fees for services: Other | $22,636 |
| Advertising and promotion | $7,560 |
| Office expenses | $11,820 |
| Information technology | $6,626 |
| Royalties | $0 |
| Occupancy | $36,629 |
| Travel | $1,173 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $892 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,188 |
| Insurance | $797 |
| All other expenses | $0 |
| Total functional expenses | $4,446,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $84,617 |
| 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 | $3,639 |
| Net Land, buildings, and equipment | $2,741 |
| Investments—publicly traded securities | $111,159,607 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $111,250,604 |
| Accounts payable and accrued expenses | $40,881 |
| Grants payable | $2,293,358 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,334,239 |
| Net assets without donor restrictions | $108,916,365 |
| 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 | $111,250,604 |
Grants Awarded
Over the last fiscal year, Sisters Of Charity Foundation Of Canton has awarded $2,965,535 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
Canton, OH PURPOSE: Addiction Recovery Mental Health Behavioral Health | $396,532 |
Canton, OH PURPOSE: Human Services | $312,578 |
Cleveland, OH PURPOSE: Education Professional Development | $260,000 |
Canton, OH PURPOSE: Mental Health Behavioral Health | $240,000 |
Canton, OH PURPOSE: Education Human Services | $217,527 |
Canton, OH PURPOSE: Human Services | $150,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sisters Of Charity Foundation Of Canton has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
The Char And Chuck Fowler Family Foundation Mayfield Heights, OH PURPOSE: GOOD SAMARITAN PROGRAM | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Home Of Bradford Pa Bradford, PA | $26,433,837 | $14,233,894 |
Indiana Masonic Home Foundation Incorporated Indianapolis, IN | $99,812,829 | $12,316,628 |
Inglis Foundation Philadelphia, PA | $233,825,090 | $16,920,191 |
The Watson Institute Sewickley, PA | $170,930,648 | $13,658,608 |
Kidsvoice Pennsylvania Inc Pittsburgh, PA | $7,340,747 | $6,599,088 |
Stoneridge Retirement Living Communities Inc Myerstown, PA | $4,364,446 | $5,435,180 |
Sisters Of Charity Foundation Of Canton Cleveland, OH | $111,250,604 | $3,627,612 |
Enterprise Zone Education And Training Center Corporation Evansville, IN | $4,249,617 | $5,412,109 |
Early Childhood Resource Center Cleveland, OH | $3,858,809 | $4,039,118 |
Sunset Legacy Foundation Jenison, MI | $5,636,238 | $2,457,486 |
Green Hills Foundation West Liberty, OH | $7,049,726 | $3,722,965 |
Leader Dogs For The Blind Foundation Rochester Hills, MI | $71,517,820 | $5,571,378 |