Figgie Family Charitable Foundation Inc
- Assets
- $5.3m
- Revenue
- $96.9k
- Investments
- $5.2m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 11/2001
- Data as of
- 12/2022
- EIN
- 34-1945280
Organization Overview
Figgie Family Charitable Foundation Inc is located in Cleveland, OH. The organization was established in 2001. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Figgie Family Charitable Foundation Inc 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, Figgie Family Charitable Foundation Inc generated $96.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $389.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Figgie Family Charitable Foundation Inc has awarded 70 individual grants totaling $7,854,099. 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 |
|---|---|---|---|
Richard Subel Secretary | 1 | $0 | |
Richard Solon President | 1 | $0 | |
Fiona Chambers Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $773 |
| Dividends & Interest | $149,917 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$53,789 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $96,901 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $63 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,187 |
| Total operating and administrative expenses | $48,138 |
| Contributions, gifts, grants paid | $341,516 |
| Total expenses and disbursements | $389,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,703 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,306,611 |
| 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, Figgie Family Charitable Foundation Inc has awarded $341,516 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
COATS FOR KIDS PURPOSE: TO SUPPORT THE ORGANIZATION | $100,000 |
BRIDGESTONE FIRESTONE TRUST FUND PURPOSE: SPONSORSHIP OF THE SENIOR PLAYERS GOLF TOURNAMENT | $3,151 |
FAIRMOUNT CENTER FOR THE ARTS PURPOSE: TO SUPPORT THE CENTER | $130,000 |
GILMOUR ACADEMY - GOLF CLASSIC PURPOSE: TO SUPPORT THE SCHOOL | $10,000 |
ST CHRISTOPHER'S BY-THE-RIVER PURPOSE: TO SUPPORT THE CHURCH | $60,000 |
GREATER CLEVELAND SPORTS COMMISION PURPOSE: TO SUPPORT THE ORGANIZATION | $25,000 |