Village At St Edward Foundation
- Assets
- $12.0m
- Revenue
- $942.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Fairlawn, OH
- Founding
- 01/2002
- Data as of
- 12/2021
- EIN
- 34-1969623
Organization Overview
Village At St Edward Foundation is located in Fairlawn, OH. The organization was established in 2002. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Village At St Edward 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, Village At St Edward Foundation generated $942.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.9% each year . All expenses for the organization totaled $572.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Village At St Edward Foundation has awarded 13 individual grants totaling $6,273,123. 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
THE VILLAGE OF ST. EDWARD FOUNDATION PROVIDES SUPPORT TO THE VILLAGE OF ST. EDWARD IN ITS MISSION TO SERVE AS A HEALING MINISTRY FOR OLDER ADULTS. PHILANTHROPIC INVESTMENTS IN THE VILLAGE WILL BE UPHELD TO THE HIGHEST STANDARDS OF CATHOLIC STEWARDSHIP, BEING ACCOUNTABLE AND TRANSPARENT TO THOSE WHO SUPPORT OUR CALL TO SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S SPECIFIC PURPOSE IS TO OPERATE FOR THE BENEFIT OF THE VILLAGE OF ST. EDWARD CAMPUSES IN FAIRLAWN, WADSWORTH AND GREEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Stoner Board Member, President/ceo | OfficerTrustee | 1 | $0 |
Karen Manna Chair | OfficerTrustee | 1 | $0 |
Vondea Sheaffer V.P. Of Advancement | Officer | 40 | $0 |
Tony Alexander Director | Trustee | 1 | $0 |
William Costigan Director | Trustee | 1 | $0 |
Caesar Carrino Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $78,925 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $459,832 |
| Noncash contributions included in lines 1a–1f | $11,171 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $538,757 |
| Total Program Service Revenue | $0 |
| Investment income | $167,724 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $233,799 |
| Net Income from Fundraising Events | $2,628 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $942,908 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $313,041 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $118,038 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,763 |
| Pension plan accruals and contributions | $7,201 |
| Other employee benefits | $14,080 |
| Payroll taxes | $13,206 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,349 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $619 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $276 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,179 |
| Total functional expenses | $572,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $734,738 |
| Pledges and grants receivable | $3,196 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,589,259 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,695 |
| Net Land, buildings, and equipment | $125,017 |
| Investments—publicly traded securities | $1,173,917 |
| Investments—other securities | $0 |
| Investments—program-related | $412,885 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,042,707 |
| Accounts payable and accrued expenses | $50,038 |
| 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 | $0 |
| Total liabilities | $50,038 |
| Net assets without donor restrictions | $10,713,442 |
| Net assets with donor restrictions | $1,279,227 |
| 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 | $12,042,707 |
Grants Awarded
Over the last fiscal year, Village At St Edward Foundation has awarded $313,041 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Fairlawn, OH PURPOSE: To provide benevolent care, music and memory programs, a resident centered technology program and activity supplies for the residents as well as employee support and nursing education programs for employees. | $291,964 |
Fairlawn, OH PURPOSE: To provide music and memory programs, activity programs and supplies for the residents as well as employee support and nursing education programs for employees. | $10,921 |
Fairlawn, OH PURPOSE: To provide music and memory programs, activity programs and supplies for the residents as well as employee support and nursing education programs for employees. | $10,156 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Village At St Edward Foundation has recieved totaling $600,000.
| Awarding Organization | Amount |
|---|---|
Hillier Family Foundation Akron, OH PURPOSE: HEALTH | $600,000 |
Endowment Analysis
| Beg. Balance | $958,000 |
| Earnings | $109,000 |
| Net Contributions | $240,000 |
| Other Expense | $190,000 |
| Ending Balance | $1,117,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Home Of Bradford Pa Bradford, PA | $26,433,837 | $14,233,894 |
Indiana Masonic Home Foundation Incorporated Indianapolis, IN | $99,812,829 | $12,316,628 |
Inglis Foundation Philadelphia, PA | $233,825,090 | $16,920,191 |
The Watson Institute Sewickley, PA | $170,930,648 | $13,658,608 |
Kidsvoice Pennsylvania Inc Pittsburgh, PA | $7,340,747 | $6,599,088 |
Stoneridge Retirement Living Communities Inc Myerstown, PA | $4,364,446 | $5,435,180 |
Sisters Of Charity Foundation Of Canton Cleveland, OH | $111,250,604 | $3,627,612 |
Enterprise Zone Education And Training Center Corporation Evansville, IN | $4,249,617 | $5,412,109 |
Early Childhood Resource Center Cleveland, OH | $3,858,809 | $4,039,118 |
Sunset Legacy Foundation Jenison, MI | $5,636,238 | $2,457,486 |
Green Hills Foundation West Liberty, OH | $7,049,726 | $3,722,965 |
Leader Dogs For The Blind Foundation Rochester Hills, MI | $71,517,820 | $5,571,378 |