Barberton Community Foundation
- Assets
- $95.0m
- Revenue
- $8.6m
- Investments
- $9.6m
- Employees
- 6
- Location
- Barberton, OH
- Founding
- 06/1997
- Data as of
- 12/2023
- 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 12/2023, Barberton Community Foundation employed 6 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 12/2023, Barberton Community Foundation generated $8.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $2.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Barberton Community Foundation has awarded 179 individual grants totaling $23,158,731. 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
2023
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:
GRANTS AND SCHOLARSHIPS - BCF PROVIDED 43 GRANTS FROM THE GENERAL FUND TOTALING $343,634 TO 28 ORGANIZATIONS AND PROVIDED 108 GENERAL FUND SCHOLARSHIPS TOTALING $205,625 DURING 2023. DONOR FUNDS PROVIDED 43 AWARDS TOTALING $111,235 TO 13 CHARITABLE ORGANIZATIONS AND 47 SCHOLARSHIPS TOTALING $77,210. TOTAL SCHOLARSHIP AWARDS FOR ALL FUNDS WERE $282,835, WTH A TOTAL OF 155 SCHOLARSHIPS AWARDED. TOTAL GRANT AWARDS FOR ALL FUNDS WERE $454,869 WITH A TOTAL OF 86 GRANTS AWARDED TO 41 RECIPIENTS. A TOTAL OF $21,075 IN GRANTS WERE RETURNED. GRAND TOTAL OF ALL AWARDS AND FUND DISTRIBUTIONS FOR 2023 WAS $716,629.
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 2023 TOTALED $25,271
ECONOMIC DEVELOPMENT -BCF PROVIDED 4 GRANTS FROM THE PRINCIPAL ENDOWMENT TOTALING $419,110 TO 2 ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Ramnytz Director | Trustee | 1 | $0 |
Mayor William Judge Director | Trustee | 1 | $0 |
Justin Greer Director | Trustee | 1 | $0 |
Jason Slater Chairman | OfficerTrustee | 3 | $0 |
Jennifer Bidlingmyer Treasurer | OfficerTrustee | 3 | $0 |
Lynne Holcomb Vice Chair | OfficerTrustee | 3 | $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 | $6,374,115 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,374,115 |
| Total Program Service Revenue | $154,571 |
| Investment income | $1,713,301 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $304,839 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,604,448 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $873,979 |
| Grants and other assistance to domestic individuals. | $261,760 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $206,588 |
| Compensation of current officers, directors, key employees. | $55,779 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $293,772 |
| Pension plan accruals and contributions | $17,968 |
| Other employee benefits | $57,622 |
| Payroll taxes | $39,618 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,913 |
| Fees for services: Accounting | $98,899 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $132,137 |
| Fees for services: Other | $65,366 |
| Advertising and promotion | $66,278 |
| Office expenses | $20,788 |
| Information technology | $49,904 |
| Royalties | $0 |
| Occupancy | $43,350 |
| Travel | $10,607 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,280 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,703 |
| Insurance | $13,214 |
| All other expenses | $3,285 |
| Total functional expenses | $2,531,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,175 |
| Savings and temporary cash investments | $8,853,639 |
| Pledges and grants receivable | $41,600 |
| Accounts receivable, net | $3,622 |
| 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 | $2,592 |
| Net Land, buildings, and equipment | $1,873,203 |
| Investments—publicly traded securities | $70,563,212 |
| Investments—other securities | $9,583,298 |
| Investments—program-related | $3,822,933 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $94,954,274 |
| Accounts payable and accrued expenses | $38,771 |
| Grants payable | $132,450 |
| 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 | $232,480 |
| Total liabilities | $403,701 |
| Net assets without donor restrictions | $5,735,999 |
| Net assets with donor restrictions | $88,814,574 |
| 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 | $94,954,274 |
Grants Awarded
Over the last fiscal year, Barberton Community Foundation has awarded $826,097 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF BARBERTON PURPOSE: ECONOMIC DEVELOPMENT, PARKS AND RECREATION | $34,258 |
BARBERTON PUBLIC SCHOOLS PURPOSE: ATHLETICS, EXTRACURRICULAR ACTIVITIES, READING, TUTORING | $126,234 |
BARBERTON PUBLIC LIBRARY PURPOSE: PATRON AND STUDENT PROGRAMMING | $12,000 |
MAIN STREET BARBERTON INC PURPOSE: ECONOMIC DEVELOPMENT, DOWNTOWN REVITALIZATION | $50,000 |
BARBERTON COMMUNITY DEVELOPMENT CORPORATION PURPOSE: DOWNTOWN REHABILITATION, ECONOMIC DEVELOPMENT | $369,110 |
MAGICAL THEATRE COMPANY PURPOSE: PERFORMING ARTS PROGRAMS FOR BARBERTON STUDENTS | $36,732 |