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Community Development : Community Foundations

Akron Community Foundation

Enriching lives since 1955

three stars

89.24

345 West Cedar Street Akron, OH 44307
tel: (330) 376-8522   Web Site
EIN: 34-1087615

Board Leadership
Steven Cox
Chair

CEO
John T. Petures Jr.
President & CEO

  Score
(out of 100)
Rating
Overall Score & Rating 89.24 three stars
  Financial 85.33 three stars
  Accountability & Transparency 96.00 four stars
This rating was published 07/01/2018 and includes data from FY2017, the most recent 990 received at that time.

Akron Community Foundation was established in 1955 to improve the quality of life in the Greater Akron area by building permanent endowments and providing philanthropic leadership that enables donors to make lasting investments in the community. The vision and dedication of the greater Akron community's leaders have helped Akron Community Foundation plan for tomorrow by building a permanent, growing charitable endowment that will provide income in perpetuity. To date, assets from which income is used to support projects of many local non-profit organizations total about $138 million.

Akron Community Foundation was established in 1955 to improve the quality of life in the Greater Akron area by building permanent endowments and providing philanthropic leadership that enables donors to make lasting investments in the community. The vision and dedication of the greater Akron community's leaders have helped Akron Community Foundation plan for tomorrow by building a permanent, growing charitable endowment that will provide income in perpetuity. To date, assets from which income is used to support projects of many local non-profit organizations total about $138 million.

Financial

three stars

85.33

Accountability & Transparency

four stars

96.00

This rating was published 07/01/2018 and includes data from FY2017, 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)
82.9%
  Administrative Expenses 11.1%
  Fundraising Expenses 5.9%
  Fundraising Efficiency $0.05
  Working Capital Ratio (years) 10.46
  Program Expenses Growth 14.0%
  Liabilities to Assets 12.1%
All data for Financial Performance Metrics calculations was provided by Akron Community Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Akron Community Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Akron Community Foundation (OH) 89.24 three stars
Jewish Community Foundation of San Diego (CA) 90.71 four stars
Hartford Foundation for Public Giving (CT) 88.02 three stars
New Hampshire Charitable Foundation (NH) 91.50 four stars
Greater Kansas City Community Foundation (MO) 93.32 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $14,538,984
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $459,636
   Related Organizations $0
   Government Grants $0
Total Contributions $14,998,620
   Program Service Revenue $0
Total Primary Revenue $14,998,620
   Other Revenue $8,271,128
TOTAL REVENUE $23,269,748
   
EXPENSES  
   Program Expenses $12,163,913
   Administrative Expenses $1,503,408
   Fundraising Expenses $723,930
TOTAL FUNCTIONAL EXPENSES $14,391,251
   
Payments to Affiliates $0
Excess (or Deficit) for the year $8,878,497
   
Net Assets $177,272,896

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
Grants $12,163,913 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-03 07/01/2018 89.24 three stars
2016-03 06/01/2017 88.81 three stars
2015-03 06/01/2016 89.13 three stars
 
CN 2.0
2015-03 02/01/2016 94.39 four stars
2014-03 07/01/2015 94.22 four stars
2013-03 07/01/2014 90.55 four stars
2011-03 12/20/2012 75.61 two stars
2011-03 12/20/2012 75.61 two stars
2010-03 09/20/2011 81.52 three stars
 
CN 1.0
2010-03 06/01/2011 72.86 two stars
2009-03 08/01/2010 86.70 three stars
2008-03 05/01/2009 79.83 two stars
2007-03 06/01/2008 86.20 three stars
2006-03 05/01/2007 93.27 four stars
2005-03 04/01/2006 85.84 three stars
2004-03 04/01/2005 83.34 three stars
2003-03 05/01/2004 78.63 two stars
2002-03 04/15/2003 83.22 three 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 34-1087615
Name in IRS Master File AKRON COMMUNITY 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 (600) Community Chest, United Way, etc.
(602) Gifts, grants, or loans to other organizations
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 April, 1960
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End March
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • March, 2017
  • March, 2016
  • March, 2015
  • March, 2014
  • March, 2013

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
$263,807 1.83% John T. Petures Jr. President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Akron Community Foundation (OH) 89.24 three stars
Community Foundation of Middle Tennessee (TN) 93.36 four stars
Community Foundation of Collier County (FL) 88.00 three stars
Community Foundation of Western Massachusetts (MA) 86.50 three stars
New York Community Trust (NY) 96.63 four stars

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Charity Contact Info

Akron Community Foundation
345 West Cedar Street
Akron, OH 44307
tel: (330) 376-8522
fax: (330) 376-0202
EIN: 34-1087615

Visit Web Site

Board Leadership

Steven Cox
Chair

CEO

John T. Petures Jr.
President & CEO

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