First Financial Foundation
- Assets
- $2.5m
- Revenue
- $58.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 08/2018
- Data as of
- 12/2021
- EIN
- 82-3823145
Organization Overview
First Financial Foundation is located in Cincinnati, OH. The organization was established in 2018. 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. First Financial 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 12/2021, First Financial Foundation generated $58.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 56.8% each year . All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 20.0% per year over the past 4 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 2018, First Financial Foundation has awarded 522 individual grants totaling $18,019,212. 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 |
|---|---|---|---|
Karen B Woods Treasurer/director | 0 | $0 | |
Andy Hauck Director | 0 | $0 | |
Roddell Mccullough Secretary/director | 0 | $0 | |
Archie Brown President/chair | 0 | $0 | |
Jamie Anderson Director | 0 | $0 | |
Mandy Neeley Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $56,671 |
| Interest on Savings | $2,046 |
| 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 | $58,717 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $86 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $225 |
| Total operating and administrative expenses | $311 |
| Contributions, gifts, grants paid | $2,372,388 |
| Total expenses and disbursements | $2,372,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,514,504 |
| 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 | $2,514,504 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,785,000 |
| 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 | $2,785,000 |
Grants Awarded
Over the last fiscal year, First Financial Foundation has awarded $3,777,387 in support to 98 organizations.
| Grant Recipient | Amount |
|---|---|
Cincinnati, OH PURPOSE: TO SUPPORT A NEW BUILDING FOR PERFORMANCES AND SCHOOL PROGRAMMING FOR DISADVANTAGED CHILDREN | $375,000 |
Cincinnati, OH PURPOSE: CAMPAIGN SUPPORT TO ASSIST IN SUPPLYING MEALS TO THOSE OF THE COMMUNITY IN NEED | $250,000 |
Cincinnati, OH PURPOSE: ANNUAL CAMPAIGN SUPPORT | $250,000 |
Cincinnati, OH PURPOSE: COMMUNITY SUPPORT FOR WEST END DEVELOPMENT | $200,000 |
Cincinnati, OH PURPOSE: FUNDING FOR SCHOOL PROGRAMMING IN UNDERSERVED NEIGHBORHOODS | $200,000 |
CINCINNATI USA REGIONAL CHAMBER MINORITY BUSINESS PURPOSE: SUPPORT DEVELOPMENT OF MINORITY AND SMALL BUSINESS IN THE CINCINNATI REGION | $200,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that First Financial Foundation has recieved totaling $56,671.
| Awarding Organization | Amount |
|---|---|
Hamilton Community Foundation Inc Hamilton, OH PURPOSE: GENERAL/OPERATING | $56,671 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH | $318,390,176 | $10,905,260 |
Mathile Family Foundation Dayton, OH | $0 | $5,909,915 |
John W Anderson Foundation Valparaiso, IN | $342,409,938 | $34,395,256 |
Gilbert Fam Foundation Detroit, MI | $16,505,480 | $22,733,689 |
Herbert Simon Family Foundation Indianapolis, IN | $26,075,189 | $9,696,254 |
Richard And Helen Devos Foundation Grand Rapids, MI | $31,037 | $11,215,000 |
Huntington Foundation Columbus, OH | $456,967 | $10,970,786 |
Zachary Smith Reynolds Trust Pittsburgh, PA | $187,892,547 | $20,789,622 |
Franciscan Health Foundation Inc Mishawaka, IN | $46,155,507 | $9,741,999 |
Asante Foundation Inc South Bend, IN | $170,490,031 | $16,382,298 |
The Steve & Amy Van Andel Foundation Grand Rapids, MI | $111,040,892 | $8,504,096 |