Austin Memorial Foundation
- Assets
- $13.1m
- Revenue
- $624.7k
- Investments
- $12.0m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 08/1962
- Data as of
- 12/2022
- EIN
- 34-6528879
Organization Overview
Austin Memorial Foundation is located in Cleveland, OH. The organization was established in 1962. 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. Austin Memorial 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 12/2022, Austin Memorial Foundation generated $624.7k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $536.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Austin Memorial Foundation has awarded 197 individual grants totaling $1,588,914. 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 |
|---|---|---|---|
David A Rodgers Vp, Treas, Ttee | 0.5 | $0 | |
Stewart G Austin Jr Secretary, Ttee | 0.5 | $0 | |
Gretchen Cole Ttee | 0.5 | $0 | |
Ellen Austin Smith Ttee | 0.33 | $0 | |
Samuel H Austin Ttee | 0.33 | $0 | |
Sally Cole Ttee | 0.33 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $286,441 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $338,284 |
| Capital Gain Net Income | $338,284 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $624,725 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,753 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $19,498 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $115,238 |
| Contributions, gifts, grants paid | $421,480 |
| Total expenses and disbursements | $536,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $334,144 |
| Savings and temporary cash investments | $753,280 |
| 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 | $3,260,621 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,060,685 |
| 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, Austin Memorial Foundation has awarded $421,480 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
ST MARY THE VIRGIN EPISCOPAL CHURCH PURPOSE: EDUCATION | $4,000 |
THE BENJAMIN PRIVATE SCHOOL INC PURPOSE: EDUCATION | $4,000 |
THE WILDERNESS LAND TRUST PURPOSE: ANIMALS | $1,000 |
ASPEN CENTER FOR ENVIRONMENTAL STUDIES PURPOSE: NATURE | $1,000 |
NATURAL WAKEFULNESS CENTER PURPOSE: ANIMALS | $1,000 |
UKRAINIAN CONGRESS COMMITTEEOF AMERICA PURPOSE: CARE | $1,000 |