Fred And Laura Ruth Bidwell Foundation
- Assets
- $1.9m
- Revenue
- $249.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 09/2011
- Data as of
- 09/2022
- EIN
- 90-0634981
Organization Overview
Fred And Laura Ruth Bidwell Foundation is located in Cleveland, OH. The organization was established in 2011. 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. Fred And Laura Ruth Bidwell 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 09/2022, Fred And Laura Ruth Bidwell Foundation generated $249.0k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $301.3k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Fred And Laura Ruth Bidwell Foundation has awarded 20 individual grants totaling $1,972,894. 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
A FREE SPACE FOR COMTEMPORARY ART IN CLEVELAND. IN ADDITION TO EXHIBITIONS PRESENTED BY THE BIDWELL FOUNDATION AND THE CLEVELAND MUSEUM OF ART, THE TRANSFORMER STATION IS A VENUE FOR TALKS, PERFORMANCES AND EVENTS. IN ADDITION TO PROGRAMMING DEVELOPED BY THE BIDWELL FOUNDATION AND THE CLEVELAND MUSEUM OF ART, TRANSFORMER STATION WELCOMES COLLABORATIVE PROGRAMMING WITH OTHER CULTURAL AND CIVIC ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Bidwell President | 20 | $0 | |
Laura Ruth Bidwell Vice President | 20 | $0 | |
William Lipscomb Secretary | 1 | $0 | |
Graham Veysey Member | 1 | $0 | |
Barbara Tannenbaum Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $139,663 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $32,690 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$414 |
| Other Income | $77,110 |
| Total Revenue | $249,049 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $73,429 |
| Pension plans, employee benefits | $1,428 |
| Interest | $0 |
| Taxes | $5,193 |
| Depreciation | $62,609 |
| Occupancy | $61,416 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $73,553 |
| Total operating and administrative expenses | $296,299 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $301,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158 |
| Savings and temporary cash investments | $8,635 |
| 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 | $1,867,086 |
| Other assets | $0 |
| Total assets | $1,875,879 |
| 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 | $7,300 |
| Other liabilities | $698 |
| Total liabilities | $7,998 |
Grants Awarded
Over the last fiscal year, Fred And Laura Ruth Bidwell Foundation has awarded $1,894,631 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CLEVELAND ORCHESTRA PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
MOCA PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
CLEVELAND NEIGHBORHOOD PROGRESS PURPOSE: GENERAL OPERATING SUPPORT | $1,545 |
CURATED STORE FRONT PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
CLEVELAND MUSEUM OF ART PURPOSE: DONATION OF THE TRANSFORMER STATION PROPERTY | $1,867,086 |
ASSEMBLY FOR THE ARTS PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |