Howland Memorial Fund U-W Of Mame E Howland Item 8
- Assets
- $2.3m
- Revenue
- $259.6k
- Investments
- $2.2m
- Employees
- 0
- Location
- Akron, OH
- Founding
- 03/2016
- Data as of
- 12/2022
- EIN
- 34-6709057
Organization Overview
Howland Memorial Fund U-W Of Mame E Howland Item 8 is located in Akron, OH. The organization was established in 2016. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Howland Memorial Fund U-W Of Mame E Howland Item 8 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, Howland Memorial Fund U-W Of Mame E Howland Item 8 generated $259.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $239.2k during the year ending 12/2022. While expenses have increased by 1.6% per year over the past 7 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 2016, Howland Memorial Fund U-W Of Mame E Howland Item 8 has awarded 87 individual grants totaling $1,093,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John V Frank Trustee | 20 | $47,850 | |
Name Not Listed Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $72,160 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $187,476 |
| Capital Gain Net Income | $187,476 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $259,636 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $47,850 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,693 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,964 |
| Total operating and administrative expenses | $89,247 |
| Contributions, gifts, grants paid | $150,000 |
| Total expenses and disbursements | $239,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $86,264 |
| 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 | $0 |
| Total assets | $2,305,670 |
| 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, Howland Memorial Fund U-W Of Mame E Howland Item 8 has awarded $150,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
AKRON COMMUNITY FOUNDATION - HOWLAND PARK FUND PURPOSE: HOWLAND PARK FUND | $20,000 |
AKRON ART MUSEUM PURPOSE: CRYSTAL ROOF GRAND LOBBY RESTORATION | $100,000 |
ART RESOURCES TRANSFORMATIONS PURPOSE: CURATED COURTHOUSE PROJECT | $5,000 |
FRIENDS OF GLENDALE CEMETERY PURPOSE: TREE WORK | $25,000 |