Community Foundation Of Mahoning Valley
- Assets
- $48.4m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 9
- Location
- Youngstown, OH
- Founding
- 01/2000
- Data as of
- 12/2021
- EIN
- 34-1904353
Organization Overview
Community Foundation Of Mahoning Valley is located in Youngstown, OH. The organization was established in 2000. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Community Foundation Of Mahoning Valley employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Mahoning Valley 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, Community Foundation Of Mahoning Valley generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 3.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Community Foundation Of Mahoning Valley has awarded 388 individual grants totaling $11,529,510. 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 ATTRACT RESOURCES TO ENHANCE THE QUALITY OF LIFE FOR THE RESIDENTS OF THE MAHONING VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY FOUNDATION OF THE MAHONING VALLEY SHALL IDENTIFY AND SUPPORT COMMUNITY BASED CHARITABLE PURPOSES IN THE AREAS OF HEALTH, EDUCATION, ECONOMIC DEVELOPMENT, HUMAN SERVICES, AND HISTORICAL, CULTURAL AND ENVIRONMENTAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shari Harrell President | Officer | 40 | $117,327 |
Karen Cohen Chairperson | OfficerTrustee | 1 | $0 |
Timothy Francisco PHD Vice Chairperson | OfficerTrustee | 1 | $0 |
Carmella Williams Secretary | OfficerTrustee | 1 | $0 |
Samuel Fries Treasurer | OfficerTrustee | 1 | $0 |
Jeffrey Heintz Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,052 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,441,771 |
| Noncash contributions included in lines 1a–1f | $517,806 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,457,823 |
| Total Program Service Revenue | $317,996 |
| Investment income | $698,421 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,474,240 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,100,189 |
| Grants and other assistance to domestic individuals. | $82,288 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $117,328 |
| Compensation of current officers, directors, key employees. | $17,599 |
| Compensation to disqualified persons | $244,548 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $10,993 |
| Other employee benefits | $29,090 |
| Payroll taxes | $27,971 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $48,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $194,467 |
| Fees for services: Other | $62,735 |
| Advertising and promotion | $2,235 |
| Office expenses | $5,669 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,981 |
| Travel | $362 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $846 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,498 |
| Insurance | $7,742 |
| All other expenses | $24,092 |
| Total functional expenses | $3,166,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $311,173 |
| Pledges and grants receivable | $25,615 |
| 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 | $25,721 |
| Investments—publicly traded securities | $48,023,245 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,891 |
| Total assets | $48,407,645 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $7,742,742 |
| Total liabilities | $7,742,742 |
| Net assets without donor restrictions | $27,763,517 |
| Net assets with donor restrictions | $12,901,386 |
| 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 | $48,407,645 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Mahoning Valley has awarded $1,889,058 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: PROGRAM SUPPORT | $155,000 |
Youngstown, OH PURPOSE: PROGRAM SUPPORT | $152,600 |
CITY OF YOUNGSTOWN PURPOSE: PROGRAM SUPPORT | $125,000 |
Youngstown, OH PURPOSE: PROGRAM SUPPORT | $118,513 |
Youngstown, OH PURPOSE: PROGRAM SUPPORT | $110,000 |
Youngstown, OH PURPOSE: PROGRAM SUPPORT | $78,000 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Community Foundation Of Mahoning Valley has recieved totaling $215,594.
| Awarding Organization | Amount |
|---|---|
William Swanston Charitable Fund Youngstown, OH PURPOSE: PROGRAM SUPPORT | $50,000 |
Trumbull Memorial Health Foundation Youngstown, OH PURPOSE: HEALTH CARE SERVICES/HEALTH CARE EDUCATION/HEALTHY COMMUNITY PARTNERSHIP | $50,000 |
Western Reserve Health Foundation Youngstown, OH PURPOSE: PROGRAM SUPPORT/HEALTHY COMMUNITY PARTNERSHIP/MAHONING VALLEY COMMUNITY RESPONSE FUND | $50,000 |
Bon Secours Mercy Health Foundation Cincinnati, OH PURPOSE: Program Support | $39,500 |
The Frank And Pearl E Gelbman Charitable Trust Columbus, OH PURPOSE: GENERAL OPERATING | $10,000 |
Warren Housing Development Corporation Warren, OH | | $8,905 |
Endowment Analysis
| Beg. Balance | $36,027,485 |
| Earnings | $5,258,819 |
| Net Contributions | $3,489,867 |
| Other Expense | $781,687 |
| Grants | $2,468,506 |
| Ending Balance | $41,525,978 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
The Community Foundatio Of Louisville Depository Inc Louisville, KY | $29,429,716 | $18,203,702 |
Stark Community Foundation Inc Canton, OH | $373,666,840 | $68,744,620 |
Muskegon County Community Foundation Muskegon, MI | $247,862,579 | $28,555,582 |
Greater Kanawha Valley Foundation Charleston, WV | $329,426,372 | $27,972,481 |
Community Foundation Of Greater Flint Flint, MI | $212,857,243 | $17,865,297 |
Ann Arbor Area Community Foundation Ann Arbor, MI | $219,428,649 | $31,760,954 |
Community Foundation Of St Joseph County Inc South Bend, IN | $247,009,993 | $29,572,898 |
Community Foundation Of Greater Johnstown Johnstown, PA | $89,313,800 | $19,729,908 |
Fremont Area Community Foundation Fremont, MI | $291,559,908 | $22,142,594 |
Grand Haven Area Community Foundation Inc Grand Haven, MI | $189,481,921 | $23,464,810 |
The Community Foundation Of Louisville Corporate Depository In Louisville, KY | $17,663,337 | $10,177,129 |