Foundation 59
- Assets
- $2.2k
- Revenue
- $32.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Akron, OH
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 83-3769632
Organization Overview
Foundation 59 is located in Akron, OH. The organization was established in 2019. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Foundation 59 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, Foundation 59 generated $32.9k in total revenue. All expenses for the organization totaled $37.5k during the year ending 12/2022. While expenses have increased by 140.4% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Saba Trustee | 1 | $0 | |
Diana Eames Trustee | 2 | $0 | |
Tim Eames Executive Di | 10 | $0 | |
Jimmy Beers Trustee | 1 | $0 | |
Clark Harvey Trustee | 1 | $0 | |
Christopher Lawson Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,752 |
| Interest on Savings | $0 |
| 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 | $21,103 |
| Total Revenue | $32,855 |
| 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 | $2,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,154 |
| Total operating and administrative expenses | $25,154 |
| Contributions, gifts, grants paid | $12,366 |
| Total expenses and disbursements | $37,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,226 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,226 |
| 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 | $10,500 |
| Total liabilities | $10,500 |
Grants Awarded
Over the last fiscal year, Foundation 59 has awarded $12,366 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
HAYNES FAMILY PURPOSE: GOLF SCHOLARSHIP | $2,630 |
PETRIE FAMILY PURPOSE: GOLF SCHOLARSHIP | $750 |
RITTER FAMILY PURPOSE: GOLF SCHOLARSHIP | $3,250 |
REED FAMILY PURPOSE: GOLF SCHOLARSHIP | $3,736 |
GONZALES-RIBBLE FAMILY PURPOSE: GOLF SCHOLARSHIP | $2,000 |