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Nonprofiteer
← THE CLEVELAND FOUNDATION

Form 990 for tax year 2023

Filed by THE CLEVELAND FOUNDATION.

Totals

Total revenue
$370,353,894
Total expenses
$185,847,869
Contributions and grants received
$300,352,110
Grants paid
$157,358,428
Program service revenue
$344,515
Investment income
$68,917,538
Other revenue
$739,731
Total assets, end of year
$2,940,696,456
Total liabilities, end of year
$361,876,562
Net assets or fund balances, end of year
$2,578,819,894
Program services expenses (Part IX)
$166,685,835
Management and general expenses
$12,370,738
Fundraising expenses
$6,791,296
Program service expenses (Part III)
$166,685,835

Program services were 89.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CONNIE HILL-JOHNSON

    CHAIRMAN AND DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • CARRIE CARPENTER

    VICE CHAIR AND DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RONALD ADRINE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • FRED BIDWELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARGOT COPELAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KATHLEEN FERRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • REVDRROBIN HEDGEMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DAVID HELLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CAREY JAROS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • STEWART KOHL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RANDELL MCSHEPARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RONALD RATNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARIA SPANGLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RICHARD STOVSKY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • GRAHAM VEYSEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RONALD RICHARD

    PRESIDENT & CEO (THRU 7/31/23)

    Total calculated
    $583,693
    From this org
    $524,315
    From related orgs
    $0
    Other
    $59,378
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $428,497
    Bonus
    $0
    Other
    $95,818
    Deferred
    $39,379
    Nontaxable benefits
    $19,999
    Filer's total
    $583,693

  • LILLIAN KURI

    PRESIDENT & CEO (EFF.8/1/23)

    Total calculated
    $483,415
    From this org
    $433,391
    From related orgs
    $0
    Other
    $50,024
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $412,947
    Bonus
    $0
    Other
    $20,444
    Deferred
    $39,379
    Nontaxable benefits
    $10,645
    Filer's total
    $483,415

  • ROSANNE POTTER

    CHIEF GROWTH OFFICER/CFO/TREASURER

    Total calculated
    $420,656
    From this org
    $358,115
    From related orgs
    $0
    Other
    $62,541
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $351,606
    Bonus
    $0
    Other
    $6,509
    Deferred
    $39,379
    Nontaxable benefits
    $23,162
    Filer's total
    $420,656

  • INDIA LEE

    SENIOR VICE PRESIDENT (THUR 3/2/23)

    Total calculated
    $72,464
    From this org
    $61,472
    From related orgs
    $0
    Other
    $10,992
    Hours/week
    50

  • LEON WILSON

    CHIEF TECHNOLOGY&INFORMATION OFFICER

    Total calculated
    $260,587
    From this org
    $215,724
    From related orgs
    $0
    Other
    $44,863
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $213,734
    Bonus
    $0
    Other
    $1,990
    Deferred
    $22,931
    Nontaxable benefits
    $21,932
    Filer's total
    $260,587

  • MONICA BROWN

    VICE PRESIDENT (THUR 10/2/23)

    Total calculated
    $264,738
    From this org
    $233,826
    From related orgs
    $0
    Other
    $30,912
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $173,358
    Bonus
    $0
    Other
    $60,468
    Deferred
    $16,845
    Nontaxable benefits
    $14,067
    Filer's total
    $264,738

  • COLETTE JONES

    CHIEF MARKETING OFFICER

    Total calculated
    $257,739
    From this org
    $226,226
    From related orgs
    $0
    Other
    $31,513
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $225,500
    Bonus
    $0
    Other
    $726
    Deferred
    $20,780
    Nontaxable benefits
    $10,733
    Filer's total
    $257,739

  • GINGER MLAKAR

    SENIOR VICE PRESENT/GENERAL COUNSEL

    Total calculated
    $268,842
    From this org
    $217,242
    From related orgs
    $0
    Other
    $51,600
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $214,153
    Bonus
    $0
    Other
    $3,089
    Deferred
    $23,209
    Nontaxable benefits
    $28,391
    Filer's total
    $268,842

  • LETA OBERTACZ

    SENIOR VICE PRESIDENT

    Total calculated
    $322,072
    From this org
    $293,568
    From related orgs
    $0
    Other
    $28,504
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $269,465
    Bonus
    $0
    Other
    $24,103
    Deferred
    $10,106
    Nontaxable benefits
    $18,398
    Filer's total
    $322,072

  • LESLIE A DUNFORD

    VICE PRESIDENT

    Total calculated
    $218,109
    From this org
    $179,247
    From related orgs
    $0
    Other
    $38,862
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $176,816
    Bonus
    $0
    Other
    $2,431
    Deferred
    $17,104
    Nontaxable benefits
    $21,758
    Filer's total
    $218,109

  • MEGAN WILSON

    CORPORATE SECRETARY (THUR 9/30/23)

    Total calculated
    $130,682
    From this org
    $110,775
    From related orgs
    $0
    Other
    $19,907
    Hours/week
    50

  • COURTNEY LEHMANN

    CORPORATE SECRETARY (EFF 10/1/23))

    Total calculated
    $81,887
    From this org
    $65,986
    From related orgs
    $0
    Other
    $15,901
    Hours/week
    50

  • HELEN WILLIAMS

    VICE PRESIDENT

    Total calculated
    $263,026
    From this org
    $219,848
    From related orgs
    $0
    Other
    $43,178
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $210,531
    Bonus
    $0
    Other
    $9,317
    Deferred
    $22,246
    Nontaxable benefits
    $20,932
    Filer's total
    $263,026

  • DALE ANGLIN

    VICE PRESIDENT-PROGRAM

    Total calculated
    $235,490
    From this org
    $203,996
    From related orgs
    $0
    Other
    $31,494
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $202,143
    Bonus
    $0
    Other
    $1,853
    Deferred
    $20,933
    Nontaxable benefits
    $10,561
    Filer's total
    $235,490

  • KATHY PARKER

    VICE PRESIDENT & CONTROLLER

    Total calculated
    $219,673
    From this org
    $177,864
    From related orgs
    $0
    Other
    $41,809
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $176,243
    Bonus
    $0
    Other
    $1,621
    Deferred
    $17,638
    Nontaxable benefits
    $24,171
    Filer's total
    $219,673

  • KATHLEEN HALLISSEY

    SENIOR PROGRAM DIRECTOR

    Total calculated
    $215,719
    From this org
    $167,807
    From related orgs
    $0
    Other
    $47,912
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $166,261
    Bonus
    $0
    Other
    $1,546
    Deferred
    $16,558
    Nontaxable benefits
    $31,354
    Filer's total
    $215,719

  • TERRI EASON

    SR.DIRECTOR-PHILANTHROPY EQUITY INITIATIVES

    Total calculated
    $209,665
    From this org
    $163,455
    From related orgs
    $0
    Other
    $46,210
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $161,966
    Bonus
    $0
    Other
    $1,489
    Deferred
    $15,754
    Nontaxable benefits
    $30,456
    Filer's total
    $209,665

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

  • 1a · Personal services (maid, chauffeur, chef)
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 1b · Written policy on the line-1a expenses
  • 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

The filer's explanations (Part III)

PART I, LINE 1B
PURSUANT TO MR. RICHARD'S EMPLOYMENT CONTRACT, THE FOUNDATION PAID $7,000 IN FEES TO AN OUTSIDE ADVISOR FOR FINANCIAL PLANNING AND TAX ADVISORY SERVICES FOR MR. RICHARD. THOSE FEES WERE INCLUDED IN MR. RICHARD'S COMPENSATION.
PART I, LINES 4A-B
THE FOUNDATION MADE A SEVERANCE PAYMENT TO MONICA BROWN IN THE AMOUNT OF $58,990. THE FOUNDATION PROVIDES THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") FOR THE BENEFIT OF CERTAIN MANAGEMENT AND SENIOR LEVEL EMPLOYEES SPECIFIED BY THE PLAN OR OTHERWISE DETERMINED BY THE FOUNDATION AND HAS EXTENDED IT TO ALL OFFICERS WHO ARE AT THE SENIOR VICE PRESIDENT LEVEL AND ABOVE. THE PURPOSE OF THE SERP IS TO PROVIDE BENEFITS TO SERP PARTICIPANTS ON THE SAME BASIS AS ARE PROVIDED TO ALL EMPLOYEES UNDER THE FOUNDATION'S 403(B) PLAN IN THE SITUATIONS WHERE AMOUNTS ALLOCATED UNDER THE 403(B) PLAN ARE LIMITED BY FEDERAL TAX LAW (RESULTING IN A "PREVENTED ALLOCATION"). UNDER THE SERP, EACH YEAR AN AMOUNT EQUAL TO 105.5% OF THE SERP PARTICIPANT'S PREVENTED ALLOCATION IS CREDITED TO HIS OR HER SERP ACCOUNT. BECAUSE THIS AMOUNT IS IMMEDIATELY VESTED AND TAXABLE, A PARTIAL DISTRIBUTION IS MADE TO THE PARTICIPANT DETERMINED WITH REFERENCE TO CURRENT YEAR TAXES. FOLLOWING RETIREMENT, DEATH, OR OTHER TERMINATION OF EMPLOYMENT, THE UNDISTRIBUTED BALANCE OF THE SERP ACCOUNT (WITH EARNINGS CREDITED ANNUALLY AT A RATE DETERMINED WITH REFERENCE TO THE 403(B) PLAN IS DISTRIBUTED TO THE PARTICIPANT IN TWO ANNUAL INSTALLMENTS. NO FUNDS ARE SET ASIDE FOR PAYMENT OF SERP BENEFITS; THEY ARE COMPLETELY UNFUNDED AND EACH PARTICIPANT IS AN UNSECURED CREDITOR OF THE ORGANIZATION. IN 2023, MS. KURI ($13,547), MS POTTER ($677) AND MS. OBERTACZ ($22,353) RECEIVED BENEFITS UNDER THE SERP. THE FOUNDATION ALSO ALLOWS FOR PARTICIPANT CONTRIBUTIONS UNDER A 457(B) PLAN. UNDER THE 457(B) PLAN, ELIGIBLE PARTICIPANTS MAY ELECT TO DEFER FUNDS UP TO THE ANNUAL LIMIT IMPOSED BY THE FEDERAL TAX LAW.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

  • CLEVELAND FOUNDATION COMMUNITY INVESTMENT COMPANY LLC

    PROGRAM & MISSION-RELATED INVESTMENT · OH · income $1,599 · assets $164,168

    Directly controlled by THE CLEVELAND FOUNDATION

  • EAST 66TH STREET LLC

    HOLD REAL PROPERTY FOR THE CLEVELAND FOUNDATION · OH · income $0 · assets $0

    Directly controlled by THE CLEVELAND FOUNDATION

  • CIVIC PROPERTY DEVELOPMENT LLC

    MISSION-RELATED INVESTMENT & GIFT HOLDING · OH · income $0 · assets $1,539,600

    Directly controlled by THE CLEVELAND FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.1
Source object
202423149349300537

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

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