Barberton Community Foundation
- Assets
- $94.8m
- Revenue
- $20.5m
- Investments
- $13.3m
- Employees
- 7
- Location
- Barberton, OH
- Founding
- 06/1997
- Data as of
- 12/2021
- EIN
- 34-1846432
Organization Overview
Barberton Community Foundation is located in Barberton, OH. The organization was established in 1997. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Barberton Community Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barberton Community 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, Barberton Community Foundation generated $20.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.4% each year . All expenses for the organization totaled $3.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Barberton Community Foundation has awarded 133 individual grants totaling $21,416,072. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN THE BARBERTON COMMUNITY FOR CURRENT AND FUTURE GENERATIONS.
Describe the Organization's Program Activity:
BCF PROVIDED 37 GRANTS FROM THE GENERAL FUND TOTALING $2,374,789 TO 27 ORGANIZATIONS AND PROVIDED 98 GENERAL FUND SCHOLARSHIPS TOTALING $130,000 DURING 2021. DONOR FUNDS PROVIDED 58 AWARDS TOTALING $171,861 TO 25 CHARITABLE ORGANIZATIONS, AND 43 SCHOLARSHIPS TOTALING $57,589. TOTAL SCHOLARSHIP AWARDS FOR ALL FUNDS WERE $187,589, WITH A TOTAL OF 146 SCHOLARSHIPS AWARDED. TOTAL GRANT AWARDS FOR ALL FUNDS WERE $2,546,650, WITH A TOTAL OF 95 GRANTS AWARDED TO 43 RECIPIENTS. A TOTAL OF $19,372 IN GRANTS WERE RETURNED. GRAND TOTAL OF ALL AWARDS AND FUND DISTRIBUTIONS FOR 2021 WAS $2,714,867.
PROGRAM-RELATED INVESTMENTS - INVESTMENTS PROVIDED TO LOCAL 501(C)(3) ECONOMIC DEVELOPMENT AND HOUSING SUPPORT ORGANIZATIONS. THE ULTIMATE GOAL IS TO SERVE AS A CATALYST FOR JOB GROWTH AND MAINTAIN HOUSING IN THE CITY OF BARBERTON THROUGH LOW-INTEREST LOANS TO LOCAL COMPANIES AND INDIVIDUALS AND THE DEVELOPMENT OF INDUSTRIAL AND COMMERCIAL-USE PROPERTY. NEW INVESTMENTS DISBURSED DURING 2021 TOTALED $1,000,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne T Allen Executive Director | Officer | 40 | $133,815 |
Brett Fogle End 123121 Director Of Finance | Officer | 40 | $97,214 |
Jason Slater Vice Chair | OfficerTrustee | 1 | $0 |
Jennifer Bidlingmyer Treasurer | OfficerTrustee | 3 | $0 |
Josh Gordon Chairman | OfficerTrustee | 2 | $0 |
Lynne Holcomb Secretary | OfficerTrustee | 2 | $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 | $607,834 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $607,834 |
| Total Program Service Revenue | $115,720 |
| Investment income | $2,976,573 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$2,103 |
| Net Gain/Loss on Asset Sales | $16,763,276 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,499,069 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,527,710 |
| Grants and other assistance to domestic individuals. | $187,157 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $277,605 |
| Compensation of current officers, directors, key employees. | $88,834 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $236,581 |
| Pension plan accruals and contributions | $14,459 |
| Other employee benefits | $38,082 |
| Payroll taxes | $40,761 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $354 |
| Fees for services: Accounting | $20,633 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $132,420 |
| Fees for services: Other | $33,359 |
| Advertising and promotion | $79,173 |
| Office expenses | $12,277 |
| Information technology | $31,616 |
| Royalties | $0 |
| Occupancy | $24,351 |
| Travel | $2,756 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,793 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,234 |
| Insurance | $8,072 |
| All other expenses | $0 |
| Total functional expenses | $3,745,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $411,554 |
| Savings and temporary cash investments | $380,025 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $56,580 |
| 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 | $11,102 |
| Net Land, buildings, and equipment | $943,123 |
| Investments—publicly traded securities | $75,783,838 |
| Investments—other securities | $13,298,320 |
| Investments—program-related | $3,933,265 |
| Intangible assets | $0 |
| Other assets | $22,062 |
| Total assets | $94,839,869 |
| Accounts payable and accrued expenses | $31,778 |
| Grants payable | $37,308 |
| 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 | $348,076 |
| Total liabilities | $417,162 |
| Net assets without donor restrictions | $4,430,000 |
| Net assets with donor restrictions | $89,992,707 |
| 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 | $94,839,869 |
Grants Awarded
Over the last fiscal year, Barberton Community Foundation has awarded $2,510,090 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BARBERTON PUBLIC SCHOOLS PURPOSE: DEBT SERVICE | $2,168,400 |
BARBERTON PUBLIC SCHOOLS PURPOSE: STUDENT DEVELOPMENT & CURRICULUM SUPPORT | $101,619 |
CITY OF BARBERTON PURPOSE: PARKS & RECREATION, POLICE, FIRE AND OTHER SERVICES | $53,960 |
Kent, OH PURPOSE: STUDENT SUCCESS INITIATIVE | $20,000 |
Barberton, OH PURPOSE: LIVE THEATER & PERFORMING ARTS EDUCATION | $19,992 |
AKRON METROPOLITAN HOUSING AUTHORITY PURPOSE: DIGITAL DIVIDE | $18,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Barberton Community Foundation has recieved totaling $6,895.
| Awarding Organization | Amount |
|---|---|
Summa Health Group Return Akron, OH PURPOSE: PREVENTION, WELLNESS, ACCESS TO CARE AND HEALTH DISPARITIES | $6,500 |
Synchrony Foundation Stamford, CT PURPOSE: EMPLOYER MATCHING GIFT PROGRAM | $390 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $87,324,928 |
| Earnings | $10,478,910 |
| Net Contributions | $607,834 |
| Other Expense | $1,602,220 |
| Grants | $2,714,867 |
| Ending Balance | $94,094,585 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Siemer Institute Columbus, OH | $21,924,276 | $13,963,015 |
David And Inez Myers Foundation Cleveland, OH | $231,370,323 | $1,575,245 |
Block 3 Community Urban Redevelopment Corporation Cincinnati, OH | $43,753,173 | $7,948,144 |
The Harry Halloran Jr Charitable Trust Philadelphia, PA | $26,412,399 | $8,412,088 |
Sally And John Morley Family Fund Cleveland, OH | $0 | $0 |
Foundation For The Uptown Reinvestment Corporation Flint, MI | $1,872,223 | $6,455,012 |
Upic Solutions Inc Fort Mitchell, KY | $2,371,554 | $6,046,013 |
Dayton Foundation Plus Inc Dayton, OH | $83,505,101 | $9,971,050 |
Jcgf Charitable Tr Cincinnati, OH | $1,841,285 | $5,857,978 |
Arthur Dean Family Foundation Inc Fishers, IN | $75,273,545 | $2,866,490 |
Dbs Foundation Holdings Harrisburg, PA | $361,345 | $2,360,629 |
Barberton Community Foundation Barberton, OH | $94,839,869 | $20,499,069 |