Ashtabula Foundation
- Assets
- $18.9m
- Revenue
- $803.1k
- Investments
- $18.8m
- Employees
- 0
- Location
- Ashtabula, OH
- Founding
- 07/1944
- Data as of
- 12/2022
- EIN
- 34-6538130
Organization Overview
Ashtabula Foundation is located in Ashtabula, OH. The organization was established in 1944. 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. Ashtabula 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, Ashtabula Foundation generated $803.1k 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 (16.4%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ashtabula Foundation has awarded 203 individual grants totaling $2,541,805. 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 |
|---|---|---|---|
Carolyn Turk President/director | 2 | $0 | |
Tim Green Vice President/director | 2 | $0 | |
Roger Corlett Treasurer/director | 2 | $0 | |
Lynn Zalewski Secretary/director | 2 | $0 | |
Dr Jerome R Brockway Director | 2 | $0 | |
Rick Coblitz Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $194,460 |
| Interest on Savings | $0 |
| Dividends & Interest | $405,713 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $267,521 |
| Capital Gain Net Income | $267,521 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$64,575 |
| Total Revenue | $803,119 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $61,747 |
| Pension plans, employee benefits | $6,455 |
| Interest | $0 |
| Taxes | $36,065 |
| Depreciation | $7,087 |
| Occupancy | $24,017 |
| Travel, conferences, and meetings | $753 |
| Printing and publications | $0 |
| Other expenses | $56,458 |
| Total operating and administrative expenses | $303,133 |
| Contributions, gifts, grants paid | $739,167 |
| Total expenses and disbursements | $1,042,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,363 |
| 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 | $12,751,436 |
| Net Land, buildings, and equipment | $6,302 |
| Other assets | $3,004 |
| Total assets | $18,908,415 |
| 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 | $2,313 |
| Total liabilities | $2,313 |
Grants Awarded
Over the last fiscal year, Ashtabula Foundation has awarded $739,167 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
ACMC PURPOSE: DESIGNATED GIFT | $67,726 |
AFTER SCHOOL DISCOVERY PURPOSE: KIDS FOR POSITIVE CHANGE EDUCATIONAL PBS SERIES | $5,249 |
ANIMAL WELFARE CENTER PURPOSE: GENERAL DONATION | $1,000 |
ANDOVER PUBLIC LIBRARY PURPOSE: STORYBOOK TRAIL PROJECT | $4,937 |
ASHCRAFT INDUSTRIES PURPOSE: TOOLS FOR WORKSPACES | $997 |
ASHTABULA ARTS CENTER PURPOSE: THEATRE TECHNICAL UPGRADES | $18,033 |