Skip to content
Nonprofiteer
← JACOB AND CLARA FABER COMMUNITY ENRICHMENT AND EDUCATION FOUNNDATI

Form 990 for tax year 2024

Filed by JACOB AND CLARA FABER COMMUNITY ENRICHMENT AND EDUCATION FOUNNDATI.

Totals

Total revenue
$366,746
Total expenses
$444,554
Contributions and grants received
$0
Grants paid
$12,000
Program service revenue
$135,911
Investment income
$230,835
Other revenue
$0
Total assets, end of year
$6,637,838
Total liabilities, end of year
$1,652,178
Net assets or fund balances, end of year
$4,985,660
Program services expenses (Part IX)
$341,782
Management and general expenses
$102,772
Fundraising expenses
$0
Program service expenses (Part III)
$341,782

Program services were 76.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: PROGRAM INCOME

    total $135,911 · related or exempt $135,911

  • 3 · Investment income

    total $126,980 · excluded $126,980

  • 7a · Gross sales of assets other than inventory

    securities $2,662,025

  • 7b · Less cost or other basis and sales expenses

    securities $2,558,170

  • 7c · Gain or loss

    securities $103,855

  • 7d · Net gain or loss

    total $103,855 · excluded $103,855

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,000 · program services $12,000

  • 5 · Compensation of officers, directors and key employees

    total $129,595 · program services $84,236 · management and general $45,359

  • 10 · Payroll taxes

    total $6,622 · program services $4,304 · management and general $2,318

  • 11b · Fees: legal

    total $1,950 · management and general $1,950

  • 11c · Fees: accounting

    total $9,606 · management and general $9,606

  • 11f · Fees: investment management

    total $17,438 · management and general $17,438

  • 13 · Office expenses

    total $68 · program services $44 · management and general $24

  • 16 · Occupancy

    total $20,735 · program services $20,112 · management and general $623

  • 20 · Interest

    total $61,132 · program services $59,298 · management and general $1,834

  • 22 · Depreciation, depletion and amortization

    total $133,531 · program services $113,501 · management and general $20,030

  • 23 · Insurance

    total $3,968 · program services $3,849 · management and general $119

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $37,759 · program services $37,759

  • 24b · Other expenses: AUTOMOBILE EXPENSES

    total $5,341 · program services $3,472 · management and general $1,869

  • 24c · Other expenses: TELEPHONE

    total $3,162 · program services $2,055 · management and general $1,107

  • 24d · Other expenses: MISCELLANEOUS

    total $1,396 · program services $909 · management and general $487

  • 24e · All other expenses

    total $251 · program services $243 · management and general $8

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $80,259 · end of year $127,682

  • 4 · Accounts receivable

    beginning of year $5,814 · end of year $1,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $41,235 · end of year $36,419

  • 10a · Land, buildings and equipment: cost or other basis

    $3,852,072

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,936,674

  • 10c · Land, buildings and equipment, net

    beginning of year $2,048,929 · end of year $1,915,398

  • 11 · Investments: publicly traded securities

    beginning of year $4,398,881 · end of year $4,554,339

  • 15 · Other assets

    beginning of year $3,000 · end of year $3,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,472 · end of year $5,976

  • 24 · Unsecured notes and loans payable

    beginning of year $1,681,089 · end of year $1,646,202

  • 27 · Net assets without donor restrictions

    beginning of year $4,891,557 · end of year $4,985,660

Mission and programs · 2024

Mission

TO FOSTER AND TEACH AUTO COLLISION REPAIR AND REFINISHING TO JUNIOR AND SENIOR STUDENTS OF THE SIX DISTRICT COMPACT COMMUNITY (WOODRIDGE, CUYAHOGA FALLS, STOW, HUDSON, TALLMADGE AND KENT ROOSEVELT).

  • TWO YEAR PROGRAM RELATED TO FOSTERING AND TEACHING AUTO COLLISION REPAIR AND REFINISHING TO JUNIOR AND SENIOR STUDENTS OF THE SIX DISTRICT COMPACT COMMUNITY (WOODRIDGE, CUYAHOGA FALLS, STOW, HUDSON, TALLMADGE AND KENT ROOSEVELT).

    Expenses $329,782 · Revenue $135,911

  • THE FOUNDATION PROVIDES CASH GRANTS TO THE CATHOLIC CHARITIES DIOCESE OF CLEVELAND TO ASSIST IN FUNDING ITS PROGRAMS. THESE ACTIVITIES FURTHER THE FOUNDATION'S PURPOSE OF PROVIDING FUNDS TO ITS SUPPORTED ORGANIZATIONS FOR CHARITABLE PURPOSES.

    Expenses $12,000 · Grants $12,000

As filed on the 2024 return.

Listed in Part VII

  • Guy F Klapp III

    PRESIDENT &

    Total calculated
    $129,595
    From this org
    $70,909
    From related orgs
    $0
    Other
    $58,686
    Hours/week
    45

  • Gail Angeletti

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • N'Ecole Ast

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
16 October 2025
IRS schema version
2024v5.0
Source object
202522979349301207

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.