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Nonprofiteer
← COMMUNITY FOUNDATION OF LORAIN COUNTY

Form 990 for tax year 2022

Filed by COMMUNITY FOUNDATION OF LORAIN COUNTY.

Totals

Total revenue
$4,276,372
Total expenses
$8,387,928
Contributions and grants received
$2,034,837
Grants paid
$6,197,150
Program service revenue
$0
Investment income
$2,096,767
Other revenue
$144,768
Total assets, end of year
$140,093,745
Total liabilities, end of year
$19,445,937
Net assets or fund balances, end of year
$120,647,808
Program services expenses (Part IX)
$6,790,298
Management and general expenses
$1,116,519
Fundraising expenses
$481,111
Program service expenses (Part III)
$6,790,298

Program services were 81.0% 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.

  • 1f · All other contributions, gifts and grants

    $2,034,837

  • 1g · Noncash contributions included above

    $13,069

  • 3 · Investment income

    total $2,036,791 · unrelated business $109,145 · excluded $1,927,646

  • 6a · Gross rents

    real property $43,167

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $43,167

  • 6d · Net rental income or loss

    total $43,167 · excluded $43,167

  • 7a · Gross sales of assets other than inventory

    securities $57,895,904

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

    securities $57,835,928

  • 7c · Gain or loss

    securities $59,976

  • 7d · Net gain or loss

    total $59,976 · excluded $59,976

  • 11a · Other revenue: OTHER REVENUE

    total $101,601 · related or exempt $101,601

  • 11e · Other revenue, total

    $101,601

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,641,293 · program services $5,641,293

  • 2 · Grants to domestic individuals

    total $555,857 · program services $555,857

  • 5 · Compensation of officers, directors and key employees

    total $307,316 · program services $105,588 · management and general $158,782 · fundraising $42,946

  • 7 · Other salaries and wages

    total $587,213 · program services $205,852 · management and general $233,984 · fundraising $147,377

  • 8 · Pension plan contributions

    total $34,104 · program services $11,874 · management and general $14,974 · fundraising $7,256

  • 9 · Other employee benefits

    total $181,391 · program services $63,153 · management and general $79,644 · fundraising $38,594

  • 10 · Payroll taxes

    total $63,576 · program services $22,135 · management and general $27,914 · fundraising $13,527

  • 11b · Fees: legal

    total $24,244 · program services $8,441 · management and general $10,645 · fundraising $5,158

  • 11c · Fees: accounting

    total $18,400 · program services $6,406 · management and general $8,079 · fundraising $3,915

  • 11d · Fees: lobbying

    total $4,500 · management and general $4,500

  • 11f · Fees: investment management

    total $387,076 · management and general $387,076

  • 11g · Fees: other

    total $106,640 · program services $48,304 · management and general $37,826 · fundraising $20,510

  • 12 · Advertising and promotion

    total $127,641 · fundraising $127,641

  • 13 · Office expenses

    total $29,291 · program services $10,198 · management and general $12,861 · fundraising $6,232

  • 14 · Information technology

    total $7,038 · program services $2,450 · management and general $3,090 · fundraising $1,498

  • 16 · Occupancy

    total $151,877 · program services $52,878 · management and general $66,685 · fundraising $32,314

  • 22 · Depreciation, depletion and amortization

    total $22,961 · program services $7,994 · management and general $10,082 · fundraising $4,885

  • 23 · Insurance

    total $16,708 · program services $5,817 · management and general $7,336 · fundraising $3,555

  • 24a · Other expenses: EMPLOYEE ACTIVITIES

    total $97,919 · program services $34,091 · management and general $42,994 · fundraising $20,834

  • 24b · Other expenses: BOARD DEVELOPMENT

    total $13,290 · program services $4,627 · management and general $5,835 · fundraising $2,828

  • 24c · Other expenses: OTHER

    total $9,593 · program services $3,340 · management and general $4,212 · fundraising $2,041

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $123,829 · end of year $94,087

  • 2 · Savings and temporary cash investments

    beginning of year $12,097,699 · end of year $2,752,946

  • 4 · Accounts receivable

    beginning of year $150,574 · end of year $133,743

  • 7 · Other notes and loans receivable

    beginning of year $16,796 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $62,231 · end of year $88,443

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

    $2,535,558

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

    $292,480

  • 10c · Land, buildings and equipment, net

    beginning of year $2,264,035 · end of year $2,243,078

  • 11 · Investments: publicly traded securities

    beginning of year $84,763,386 · end of year $67,725,890

  • 12 · Investments: other securities

    beginning of year $63,526,154 · end of year $67,032,289

  • 13 · Investments: program-related

    beginning of year $3,314 · end of year $0

  • 15 · Other assets

    beginning of year $3,986 · end of year $23,269

  • 17 · Accounts payable and accrued expenses

    beginning of year $36,014 · end of year $164,893

  • 18 · Grants payable

    beginning of year $633,054 · end of year $1,411,813

  • 25 · Other liabilities

    beginning of year $20,845,444 · end of year $17,869,231

  • 27 · Net assets without donor restrictions

    beginning of year $141,346,918 · end of year $120,514,065

  • 28 · Net assets with donor restrictions

    beginning of year $150,574 · end of year $133,743

Mission and programs · 2022

Mission

THE COMMUNITY FOUNDATION RESPONDS TO THE CHANGING NEEDS OF THE COMMUNITY BY MAKING GRANTS TO LOCAL NONPROFIT ORGANIZATIONS, AWARDING SCHOLARSHIPS TO HELP LOCAL STUDENTS, WORKING TOGETHER WITH DONORS TO BUILD COMMUNITY ENDOWMENT AND PROVIDING LEADERSHIP ON KEY COMMUNITY ISSUES.

Activities or mission (Part I)

THE COMMUNITY FOUNDATION CONNECTS PEOPLE WHO CARE WITH CAUSES THAT MATTER.

  • THE COMMUNITY FOUNDATION IS A GRANTMAKING ORGANIZATION. APPROXIMATELY ONE-THIRD OF THE GRANTS AUTHORIZED IN 2022 WERE DIRECTED BY THE BOARD TOWARD STRATEGIC INITIATIVES AND COMMUNITY RESPONSIVE REQUESTS THAT ADDRESS VITAL COMMUNITY NEEDS IN LORAIN COUNTY AND TO RESPOND TO EMERGING OPPORTUNITIES IN A WIDE RANGE OF CHARITABLE ORGANIZATIONS IN LORAIN COUNTY. GRANTS AWARDED THROUGH A COMPETITIVE PROCESS IN 2022 SUPPORTED PROGRAMS ACROSS A DIVERSE IMPACT AREA, SUCH AS ANIMALS AND ENVIRONMENT, ARTS AND CULTURE, EDUCATION, HEALTH, HUMAN SERVICES, AND PUBLIC BENEFIT. THE REMAINING GRANTS AUTHORIZED IN 2022 WERE AS DESIGNATED TO THE COMMUNITY FOUNDATION FROM DESIGNATED, DONOR ADVISED OR AGENCY FUNDS.

    Expenses $6,234,441 · Grants $5,641,293 · Revenue $101,601

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $555,857 · Grants $555,857

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • CHARLITA ANDERSON-WHITE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE BARB

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EVAN BELLAMY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEITH BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRIAN BURKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • REYNALDO CARRION

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • KEVIN WM DONOVAN ESQ

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • VERONICA GILBERT

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • MARIA GREGA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAUL GREGORY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PREETHI TINA KISHMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • A G MILLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • REGAN PHILLIPS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JUDITH RECKNAGEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DONNA RIVERA-WELLS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NICK ROSS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANN SCHLOSS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL SHEBAK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EILEEN TORRES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RANDY WAGNER

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • CYNTHIA H ANDREWS

    PRESIDENT AND CEO

    Total calculated
    $199,405
    From this org
    $166,523
    From related orgs
    $0
    Other
    $32,882
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $166,523
    Bonus
    $0
    Other
    $0
    Deferred
    $7,155
    Nontaxable benefits
    $25,727
    Filer's total
    $199,405

  • JAMES A STOBE

    CFO

    Total calculated
    $137,184
    From this org
    $119,615
    From related orgs
    $0
    Other
    $17,569
    Hours/week
    50

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2022
Filed
22 August 2023
IRS schema version
2022v5.0
Source object
202332359349300508

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