Form 990 for tax year 2023
Filed by CUYAHOGA COMMUNITY COLLEGE FOUNDATI.
Totals
- Total revenue
- $9,038,957
- Total expenses
- $11,423,151
- Contributions and grants received
- $7,483,493
- Grants paid
- $10,486,322
- Program service revenue
- $0
- Investment income
- $1,315,545
- Other revenue
- $239,919
- Total assets, end of year
- $113,330,342
- Total liabilities, end of year
- $3,649,350
- Net assets or fund balances, end of year
- $109,680,992
- Program services expenses (Part IX)
- $10,486,322
- Management and general expenses
- $296,314
- Fundraising expenses
- $640,515
- Program service expenses (Part III)
- $10,486,322
Program services were 91.8% 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.
-
1c · Fundraising events
$741,472
-
1f · All other contributions, gifts and grants
$6,742,021
-
1g · Noncash contributions included above
$305,088
-
3 · Investment income
total $1,685,972 · excluded $1,685,972
-
7a · Gross sales of assets other than inventory
securities $10,205,593
-
7b · Less cost or other basis and sales expenses
securities $10,576,020
-
7c · Gain or loss
securities -$370,427
-
7d · Net gain or loss
total -$370,427 · excluded -$370,427
-
8a · Fundraising events: gross income
$436,609
-
8a · Fundraising events: contributions included on line 1c
$741,472
-
8b · Fundraising events: direct expenses
$196,690
-
8c · Net income from fundraising events
total $239,919 · excluded $239,919
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $10,486,322 · program services $10,486,322
-
11b · Fees: legal
total $320 · management and general $320
-
11c · Fees: accounting
total $34,846 · management and general $34,846
-
11d · Fees: lobbying
total $180,000 · fundraising $180,000
-
11f · Fees: investment management
total $75,275 · management and general $75,275
-
11g · Fees: other
total $490,597 · management and general $30,082 · fundraising $460,515
-
19 · Conferences, conventions and meetings
total $138,721 · management and general $138,721
-
23 · Insurance
total $5,695 · management and general $5,695
-
24a · Other expenses: MISCELLANEOUS
total $8,552 · management and general $8,552
-
24b · Other expenses: UNRELATED BUSINESS INCO
total $2,823 · management and general $2,823
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $3,180,501 · end of year $3,055,193
-
3 · Pledges and grants receivable
beginning of year $5,359,679 · end of year $3,525,767
-
9 · Prepaid expenses and deferred charges
beginning of year $75,000 · end of year $37,500
-
11 · Investments: publicly traded securities
beginning of year $67,930,779 · end of year $79,750,944
-
12 · Investments: other securities
beginning of year $26,950,766 · end of year $26,318,434
-
15 · Other assets
beginning of year $666,616 · end of year $642,504
-
17 · Accounts payable and accrued expenses
beginning of year $75,206 · end of year $25,602
-
19 · Deferred revenue
beginning of year $398,761 · end of year $402,926
-
25 · Other liabilities
beginning of year $2,035,324 · end of year $3,220,822
-
27 · Net assets without donor restrictions
beginning of year $263,586 · end of year $279,757
-
28 · Net assets with donor restrictions
beginning of year $101,390,464 · end of year $109,401,235
Mission and programs · 2023
Mission
THE MISSION OF THE CUYAHOGA COMMUNITY COLLEGE FOUNDATION IS TO PROVIDE RESOURCES FOR ADVANCING STUDENT SUCCESS AT CUYAHOGA COMMUNITY COLLEGE AND TO TRANSFORM THE LIVES OF THOSE TRI-C SERVES. (CONTINUED ON SCHEDULE O)
Activities or mission (Part I)
THE MISSION OF THE CUYAHOGA COMMUNITY COLLEGE FOUNDATION IS (CONTINUED ON SCHEDULE O)TO PROVIDE RESOURCES FOR ADVANCING STUDENT SUCCESS AT CUYAHOGA COMMUNITY COLLEGE AND TO TRANSFORM THE LIVES OF THOSE TRI-C SERVES. OUR VISION IS TO ENSURE THAT EVERY TRI-C STUDENT HAS THE RESOURCES NEEDED TO HELP THEM LEARN, THRIVE, AND SUCCEED, CREATING A PROSPEROUS COMMUNITY FOR ALL. PHILANTHROPIC SUPPORT FUELS OUR VISION FOR A FUTURE WHERE EVERY STUDENT, IN EVERY PROGRAM, IN EVERY ZIP CODE, IS EMPOWERED TO ACHIEVE THEIR FULL POTENTIAL.
-
SCHOLARSHIP PROGRAM: ALTHOUGH THE COLLEGE'S TUITION IS THE LOWEST IN NORTHEAST OHIO, THERE ARE STUDENTS IN OUR COMMUNITY WHO, WITHOUT FINANCIAL ASSISTANCE, CANNOT ACCESS OR CONTINUE THEIR EDUCATION, ESPECIALLY THOSE PURSUING A SHORT-TERM CERTIFICATE THAT IS INELIGIBLE FOR FEDERAL AID. SCHOLARSHIPS ENABLE THOUSANDS OF STUDENTS TO ACCESS AND OBTAIN THEIR COLLEGE EDUCATION, OFTEN REDUCING THE TIME IT TAKES TO GRADUATE. OVER A FIVE-YEAR PERIOD (FY2020-2024), 19,663 SCHOLARSHIPS TOTALING $22.4 MILLION WERE AWARDED TO TRI-C STUDENTS. THE AVERAGE SCHOLARSHIP WAS $1,400. GROWING SCHOLARSHIP OPPORTUNITIES FOR STUDENTS IS AN ONGOING, TOP PRIORITY FOR THE TRI-C FOUNDATION.
Expenses $3,909,658 · Grants $3,909,658
-
EDUCATIONAL DEVELOPMENT: TRI-C FOUNDATION SUPPORTS DEVELOPING AND ENHANCING EDUCATIONAL PROGRAMS IN RESPONSE TO WORKFORCE AND STUDENT NEEDS. A TRI-C EDUCATION IS DESIGNED TO MEET THE EDUCATIONAL, CULTURAL AND ECONOMIC NEEDS OF OUR COMMUNITIES THROUGH INNOVATIVE PROGRAMMING, ESPECIALLY FOR HIGH-DEMAND CAREERS IN CREATIVE ARTS, HOSPITALITY MANAGEMENT, INFORMATION TECHNOLOGY, MANUFACTURING, NURSING AND HEALTH PROFESSIONS, AND PUBLIC SAFETY. HIGH-QUALITY, INDUSTRY-RELEVANT COURSES, AND COMPREHENSIVE, HANDS-ON TRAINING ENSURE THAT STUDENTS GAIN A COMPETITIVE EDGE TO PREPARE FOR SUCCESS IN TODAY'S JOB MARKET. TRI-C PROGRAMS ALIGN WITH KEY AREAS THAT ANTICIPATE JOB GROWTH; GRADUATE WORKERS WITH THE SKILLS LOCAL EMPLOYERS SEEK; DEMONSTRATE HIGH SUCCESS RATES; USE ADVNACED FACILITIES; AND RECEIVE NATIONAL RECOGNITION.
Expenses $6,576,664 · Grants $6,576,664
-
TRI-C IS AMONG THE NATION'S TOP 150 COMMUNITY COLLEGES, ACCORDING TO THE ASPEN INSTITUTE COLLEGE EXCELLENCE PROGRAM. COLLEGE-WIDE INITIATIVES ARE INCREASING GRADUATION RATES, AND THE NUMBER OF WORKFORCE CREDENTIALS AWARDED ANNUALLY. CHARITABLE INVESTMENTS HELP TO GROW RESOURCES THAT ADDRESS EQUITY GAPS IN SUCCESS AND COMPLETION, SUCH AS EXPANDING CAMPUS FOOD PANTRIES AND MAINTAINING A STUDENT EMERGENCY FUND TO COVER CRISIS EXPENSES. HELPING STUDENTS TO PREPARE FOR A CAREER AFTER COMPLETION IS A PRIORITY, THROUGH PAID INTERNSHIPS AND WORK READINESS GRANTS TO PURCHASE ESSENTIAL WORK TOOLS OR EQUIPMENT.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
James B Aronoff EsqJAMES B ARONOFF ESQ
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 2
-
Christopher D BartCHRISTOPHER D BART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael A Baston JD EdDMICHAEL A BASTON JD EDD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Anne BinghamANNE BINGHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mitchell G BlairMITCHELL G BLAIR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gail A BowenGAIL A BOWEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Micki ByrnesMICKI BYRNES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Craig CantrallCRAIG CANTRALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Scott CarlinSCOTT CARLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Paul ClarkPAUL CLARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Edward CochranEDWARD COCHRAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tony CostanzoTONY COSTANZO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Hannah DelisHANNAH DELIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Steven J DemetriouSTEVEN J DEMETRIOU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Terrell DillardTERRELL DILLARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Deborah V DonleyDEBORAH V DONLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Emily DrakeEMILY DRAKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jonathan EpsteinJONATHAN EPSTEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Eric M FialaERIC M FIALA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Wayne FoleyWAYNE FOLEY
CHAIRPERSON, AUDIT COMMITT
- Total calculated
- $0
- Hours/week
- 2
-
Helen Forbes Fields JDHELEN FORBES FIELDS JD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dolores Lola GarciaDOLORES LOLA GARCIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michelle Hereford Msha RN FacheMICHELLE HEREFORD MSHA RN FACHE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Andrea HogbenANDREA HOGBEN
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 2
-
Kate HubbenKATE HUBBEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jason JonesJASON JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Louis G JosephLOUIS G JOSEPH
PAST CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 2
-
Ansir JunaidANSIR JUNAID
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jim KeeneJIM KEENE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Douglas A KernDOUGLAS A KERN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
David KuntzDAVID KUNTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
William LaceyWILLIAM LACEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Howard L LewisHOWARD L LEWIS
CHAIRPERSON, DEVELOPMENT C
- Total calculated
- $0
- Hours/week
- 2
-
Alberta Gail Lewis LeeALBERTA GAIL LEWIS LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jason LucarelliJASON LUCARELLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Cathy MacMillanCATHY MACMILLAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Shana F Marbury EsqSHANA F MARBURY ESQ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jeneen MarzianiJENEEN MARZIANI
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 2
-
Kyle MerrillKYLE MERRILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Karen Miller PhDKAREN MILLER PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kristine NeateKRISTINE NEATE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Megan ObryanMEGAN OBRYAN
PRESIDENT, TRI-C FOUNDATIO
- Total calculated
- $0
- Hours/week
- 2
-
Katherine T OneillKATHERINE T ONEILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Patrick M PastorePATRICK M PASTORE
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 2
-
Theresa L PolachekTHERESA L POLACHEK
CHAIRPERSON, COMMITTEE ON
- Total calculated
- $0
- Hours/week
- 2
-
Andrew E RandallANDREW E RANDALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Matt RevilleMATT REVILLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Thomas RussTHOMAS RUSS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Daniel SaltzmanDANIEL SALTZMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michele SchrockMICHELE SCHROCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gregory J SkodaGREGORY J SKODA
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Matthew SmithMATTHEW SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kathy SterioKATHY STERIO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rachel Y Talton DmRACHEL Y TALTON DM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kevin S ThomasKEVIN S THOMAS
CHAIRPERSON, FINANCE COMMI
- Total calculated
- $0
- Hours/week
- 2
-
Daniel A WeekleyDANIEL A WEEKLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
David W WhiteheadDAVID W WHITEHEAD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lorna WishamLORNA WISHAM
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Margaret W Wong EsqMARGARET W WONG ESQ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
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
-
CUYAHOGA COMMUNITY COLLEGE
$10,486,322
SCHOLARSHIPS & EDUCATIONAL DEVELOPMENT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 2 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202500939349300235
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