Parker-Hannifin Foundation
- Assets
- $12.6m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 03/1954
- Data as of
- 06/2023
- EIN
- 34-6555686
Organization Overview
Parker-Hannifin Foundation is located in Cleveland, OH. The organization was established in 1954. 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. Parker-Hannifin 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 06/2023, Parker-Hannifin Foundation generated $7.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $7.0m during the year ending 06/2023. While expenses have increased by 9.4% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Parker-Hannifin Foundation has awarded 11 individual grants totaling $17,778,614. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Banks 0 | 0 | $0 | |
Todd Leombruno 0 | 0 | $0 | |
Joseph Leonti 0 | 0 | $0 | |
Jennifer Parmentier 0 | 0 | $0 | |
Andrew Ross 0 | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,950,512 |
| Interest on Savings | $473,120 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,423,632 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $52 |
| Other expenses | $0 |
| Total operating and administrative expenses | $518,408 |
| Contributions, gifts, grants paid | $6,432,104 |
| Total expenses and disbursements | $6,950,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,953 |
| Savings and temporary cash investments | $12,511,862 |
| 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 | $52,385 |
| Total assets | $12,624,200 |
| 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, Parker-Hannifin Foundation has awarded $6,432,104 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
YOURCAUSE PURPOSE: YOURCAUSE ACTS AS AN AGENT OF THE BLACKBAUD GIVING FUND FOR THE PURPOSES OF RECEIVING DONATIONS AND MAKING GRANTS. THE BLACKBAUD GIVING FUND IS THE SPONSORING ORGANIZATION OF A DONOR ADVISED FUND AND MAKES GRANTS TO ALL NON-PROFIT ORGANIZATIONS PERMITTED BY LAW TO RECEIVE GRANTS FROM A DONOR ADVISED FUND. | $168,482 |
CHARITIES AID FOUNDATION AMERICA PURPOSE: CHARITIES AID FOUNDATION AMERICA IS THE SPONSORING ORGANIZATION OF A DONOR ADVISED FUND AND MAKES GRANTS TO ALL NON-PROFIT ORGANIZATIONS PERMITTED BY LAW TO RECEIVE GRANTS FROM A DONOR ADVISED FUND. | $6,167,228 |
CYBERGRANTS SPV PURPOSE: CYBERGRANTS SPV IS THE SPONSORING ORGANIZATION OF A DONOR ADVISED FUND AND MAKES GRANTS TO ALL NON-PROFIT ORGANIZATIONS PERMITTED BY LAW TO RECEIVE GRANTS FROM A DONOR ADVISED FUND | $96,394 |