M E & F J Callahan Foundation
- Assets
- $0.0
- Revenue
- $969.9k
- Investments
- $18.4m
- Employees
- 0
- Location
- Chagrin Falls, OH
- Founding
- 11/1975
- Data as of
- 12/2019
- EIN
- 51-0164320
Organization Overview
M E & F J Callahan Foundation is located in Chagrin Falls, OH. The organization was established in 1975. 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. M E & F J Callahan 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 12/2019, M E & F J Callahan Foundation generated $969.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (73.8%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, M E & F J Callahan Foundation has awarded 55 individual grants totaling $1,183,700. 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
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CALLAHAN FOUNDATION PROVIDES GRANTS TO NON-PROFIT ORGANIZATIONS LOCATED IN CUYAHOGA, LORAIN, MEDINA, SUMMIT, PORTAGE, GEAUGA AND LAKE COUNTIES IN OHIO. GRANTS ARE FOR CAPITAL PROJECTS, GENERAL OPERATING SUPPORT, AND PROJECT SPECIFIC FUNDING. A SEPARATE ALLOCATION WILL BE MADE TO SUPPORT ORGANIZATIONAL AND LEADERSHIP DEVELOPMENT INCLUDING: STRATEGIC PLANNING, SUCCESSION PLANNING, EXECUTIVE LEADERSHIP COACHING AND DEVELOPMENT, AND FUNDRAISING LEADERSHIP AND DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy J Callahan President | 40 | $231,000 | |
Nancy Callahan Treasurer | 10 | $0 | |
Connie Richards Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $75,082 |
| Dividends & Interest | $562,298 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,604 |
| Total Revenue | $969,887 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $190,000 |
| Pension plans, employee benefits | $67,763 |
| Depreciation | $0 |
| Occupancy | $10,000 |
| Travel, conferences, and meetings | $4,992 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $604,250 |
| Contributions, gifts, grants paid | $707,500 |
| Total expenses and disbursements | $1,311,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $6,658,872 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, M E & F J Callahan Foundation has awarded $1,183,700 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
Cleveland, OH PURPOSE: GENERAL OPERATIONS | $270,000 |
THE CLEVELAND ORCHESTRA PURPOSE: GENERAL OPERATIONS | $100,000 |
Cleveland, OH PURPOSE: GENERAL OPERATIONS | $75,000 |
Gates Mills, OH PURPOSE: GENERAL OPERATIONS | $50,000 |
THE CLEVELAND CLINIC PURPOSE: GENERAL OPERATIONS | $50,000 |
CLEVELAND FOOD BANK PURPOSE: GENERAL OPERATIONS | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |