Stranahan Foundation
- Assets
- $116.6m
- Revenue
- $6.2m
- Investments
- $111.2m
- Employees
- 0
- Location
- Perrysburg, OH
- Founding
- 03/1949
- Data as of
- 12/2023
- EIN
- 34-6514375
Organization Overview
Stranahan Foundation is located in Perrysburg, OH. The organization was established in 1949. 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. Stranahan 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, Stranahan Foundation generated $6.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $5.7m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Stranahan Foundation has awarded 537 individual grants totaling $36,012,824. 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 |
|---|---|---|---|
Patrick Stranahan President | 2.5 | $0 | |
Page Armstrong Vice President Through 9/2023 | 1.5 | $0 | |
Robert Bayne Vice President As Of 9/2023 | 1.5 | $0 | |
Abbot Stranahan Ward Secretary | 1 | $0 | |
Julie Brotje Higgins Trustee, Treasurer Through 9/2023 | 2.5 | $0 | |
Renee Goubeaux Trustee, Treasurer As Of 9/2023 | 2.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Asset Consulting Group Llc | 12/30/23 | $109,489 |
Earnest Partners Llc | 12/30/23 | $87,637 |
William Blair | 12/30/23 | $74,525 |
Bellwether Education Partners | 12/30/23 | $51,173 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23,375 |
| Dividends & Interest | $1,776,677 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,380,928 |
| Capital Gain Net Income | $4,382,716 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $35,777 |
| Total Revenue | $6,216,757 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $231,560 |
| Other employee salaries and wages | $303,061 |
| Pension plans, employee benefits | $126,102 |
| Interest | $0 |
| Taxes | $46,945 |
| Depreciation | $15,377 |
| Occupancy | $29,472 |
| Travel, conferences, and meetings | $139,987 |
| Printing and publications | $0 |
| Other expenses | $103,044 |
| Total operating and administrative expenses | $1,493,448 |
| Contributions, gifts, grants paid | $4,173,850 |
| Total expenses and disbursements | $5,667,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,227,378 |
| 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 | $84,024,721 |
| Net Land, buildings, and equipment | $37,531 |
| Other assets | $135,839 |
| Total assets | $116,593,455 |
| 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, Stranahan Foundation has awarded $5,658,583 in support to 88 organizations.
| Grant Recipient | Amount |
|---|---|
ADAM J LEWIS ACADEMY INC PURPOSE: NUTRITION HEALTH INITIATIVE | $35,000 |
AMERICAN FARMLAND TRUST PURPOSE: NEW ENGLAND FARMER MICROGRANTS PROGRAM | $35,000 |
AREA OFFICE ON AGING OF NORTHWESTERN OHIO INC PURPOSE: VIRGINIA STRANAHAN TRAIL | $35,000 |
ARLEE COMMUNITY DEVELOPMENT CORPORATION PURPOSE: FOOD RESOURCE CENTER PROGRAMS | $35,000 |
AVOW CARE SERVICES INCORPORATED PURPOSE: PALLIATIVE CARE FOR CHRONIC AND SERIOUSLY ILL PEOPLE | $35,000 |
AVANCE INC PURPOSE: AVANCE QUALITY CHILD CARE MATTERS INNOVATION PROJECT | $125,450 |