The Past Presidents Foundation
- Assets
- $6.6m
- Revenue
- $189.6k
- Investments
- $6.5m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 02/2002
- Data as of
- 12/2023
- EIN
- 34-1963590
Organization Overview
The Past Presidents Foundation is located in Cleveland, OH. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Past Presidents 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, Past Presidents Foundation generated $189.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.5%) each year. All expenses for the organization totaled $484.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Past Presidents Foundation has awarded 51 individual grants totaling $1,657,000. 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 |
|---|---|---|---|
Michael E Elliott Co-Trustee | 1 | $8,500 | |
Thomas R Peppard Jr Co-Trustee | 1 | $8,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $143,775 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,841 |
| Capital Gain Net Income | $45,841 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $189,616 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $50 |
| Taxes | $6,240 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $45,946 |
| Total operating and administrative expenses | $77,836 |
| Contributions, gifts, grants paid | $407,000 |
| Total expenses and disbursements | $484,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $73,112 |
| 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 | $6,564,758 |
| 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, The Past Presidents Foundation has awarded $407,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BEAUMONT SCHOOL PURPOSE: EDUCATIONAL | $15,000 |
CLEVELAND CLASSICAL GUITAR SOCIETY PURPOSE: EDUCATIONAL | $10,000 |
GATES MILLS GARDEN CLUB PURPOSE: CHARITABLE | $92,000 |
GESU PARISH PURPOSE: CHARITABLE | $30,000 |
GILMOUR ACADEMY PURPOSE: EDUCATIONAL | $50,000 |
MAGNIFICAT HIGH SCHOOL PURPOSE: EDUCATIONAL | $50,000 |