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Community Development : Community Foundations

The Cleveland Foundation

Enhancing the quality of life in Greater Cleveland

four stars

91.70

1422 Euclid Avenue Suite 1300
Cleveland, OH 44115
tel: (216) 861-3810   Web Site
EIN: 34-0714588

Board Leadership
Rev. Dr. Stephen Rowan
Chairman

CEO
Ronald B. Richard
President

  Score
(out of 100)
Rating
Overall Score & Rating 91.70 four stars
  Financial 88.97 three stars
  Accountability & Transparency 96.00 four stars
This rating was published 07/01/2018 and includes data from FY2016, the most recent 990 received at that time.

Established in 1914, the Cleveland Foundation is the world's first community foundation and the nation's third-largest today, with assets of $1.6 billion and annual grants nearing $85 million. The foundation improves the lives of Greater Clevelanders now and for generations to come by building community endowment, addressing needs through grantmaking, and providing leadership on vital issues. Our mission is to enhance the lives of all residents of Greater Cleveland, now and for generations to come, by building community endowment, addressing needs through grant making and providing leadership on key community issues.

Established in 1914, the Cleveland Foundation is the world's first community foundation and the nation's third-largest today, with assets of $1.6 billion and annual grants nearing $85 million. The foundation improves the lives of Greater Clevelanders now and for generations to come by building community endowment, addressing needs through grantmaking, and providing leadership on vital issues. Our mission is to enhance the lives of all residents of Greater Cleveland, now and for generations to come, by building community endowment, addressing needs through grant making and providing leadership on key community issues.

Impact Information

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Financial

three stars

88.97

Accountability & Transparency

four stars

96.00

This rating was published 07/01/2018 and includes data from FY2016, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
88.5%
  Administrative Expenses 7.3%
  Fundraising Expenses 4.0%
  Fundraising Efficiency $0.08
  Working Capital Ratio (years) 7.62
  Program Expenses Growth 2.3%
  Liabilities to Assets 4.0%
All data for Financial Performance Metrics calculations was provided by The Cleveland Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by The Cleveland Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
The Cleveland Foundation (OH) 91.70 four stars
The Community Foundation for Northeast Florida (FL) 96.63 four stars
The Pittsburgh Foundation (PA) 91.02 four stars
San Angelo Area Foundation (TX) 91.42 four stars
Hartford Foundation for Public Giving (CT) 88.02 three stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $49,794,905
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $49,794,905
   Program Service Revenue $273,312
Total Primary Revenue $50,068,217
   Other Revenue $37,421,560
TOTAL REVENUE $87,489,777
   
EXPENSES  
   Program Expenses $92,339,397
   Administrative Expenses $7,366,467
   Fundraising Expenses $4,644,503
TOTAL FUNCTIONAL EXPENSES $104,350,367
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-16,860,590
   
Net Assets $1,756,440,907

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Grant Distribution $92,339,397 100.0%

Ratings History
The Cleveland Foundation has received 3 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2016-12 07/01/2018 91.70 four stars
2015-12 09/01/2017 94.19 four stars
2014-12 06/01/2016 94.59 four stars
 
CN 2.0
2013-12 07/01/2015 83.18 three stars
2012-12 04/01/2014 87.36 three stars
2011-12 04/01/2013 94.03 four stars
2010-12 04/01/2012 96.21 four stars
2009-12 09/20/2011 95.45 four stars
 
CN 1.0
2009-12 06/01/2011 91.97 four stars
2008-12 07/01/2010 94.18 four stars
2007-12 05/01/2009 83.32 three stars
2006-12 07/01/2008 77.61 two stars
2005-12 05/01/2007 73.95 two stars
2004-12 05/01/2006 77.72 two stars
2003-12 04/01/2005 83.64 three stars
2002-12 05/01/2004 82.38 three stars
2001-12 02/05/2003 87.85 three stars
2000-12 10/15/2002 96.06 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 34-0714588
Name in IRS Master File CLEVELAND FOUNDATION
NTEE Code T31
NTEE Classification Community Foundations
NTEE Type Philanthropy, Voluntarism and Grantmaking Foundations
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (602) Gifts, grants, or loans to other organizations
(59) Other school related activities
(922) Endowment fund or financial services
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date February, 1945
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
  • December, 2012

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

Compensation % of Expenses Paid to Title
$624,067 0.59% Ronald B. Richard President & CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
The Cleveland Foundation (OH) 91.70 four stars
San Angelo Area Foundation (TX) 91.42 four stars
The Boston Foundation (MA) 96.35 four stars
Community Foundation Sonoma County (CA) 91.20 four stars
Seattle Foundation (WA) 94.51 four stars

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Charity Contact Info

The Cleveland Foundation
1422 Euclid Avenue
Suite 1300
Cleveland, OH 44115
tel: (216) 861-3810
fax: (216) 861-1729
EIN: 34-0714588

Visit Web Site

Board Leadership

Rev. Dr. Stephen Rowan
Chairman

CEO

Ronald B. Richard
President

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