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Community Development : Community Foundations

Akron Community Foundation

Enriching lives since 1955

84.83

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

Board Leadership
Richard C. Fedorovich
Chair

CEO
John T. Petures, Jr.
President & CEO

  Score
(out of 100)
Rating
Overall Score & Rating 84.83
  Financial 78.93
  Accountability & Transparency 96.00
This rating was published 02/01/2021 and includes data from FY2019, 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

78.93

Accountability & Transparency

96.00

This rating was published 02/01/2021 and includes data from FY2019, 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)
83.4%
  Administrative Expenses 11.0%
  Fundraising Expenses 5.5%
  Fundraising Efficiency $0.06
  Working Capital Ratio (years) 7.41
  Program Expenses Growth 3.5%
  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) 84.83
Richland County Foundation (OH) 94.71
Central Indiana Community Foundation (IN) 96.56
Community Foundation of Eastern Connecticut (CT) 96.06
Central New York Community Foundation (NY) 91.11

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $10,328,938
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $434,087
   Related Organizations $0
   Government Grants $0
Total Contributions $10,763,025
   Program Service Revenue $0
Total Primary Revenue $10,763,025
   Other Revenue $7,073,779
TOTAL REVENUE $17,836,804
   
EXPENSES  
   Program Expenses $11,566,872
   Administrative Expenses $1,944,936
   Fundraising Expenses $920,198
TOTAL FUNCTIONAL EXPENSES $14,432,006
   
Payments to Affiliates $0
Excess (or Deficit) for the year $3,404,798
   
Net Assets $193,962,306

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 $11,566,872 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-03 02/01/2021 84.83
2018-03 10/01/2019 89.45
2017-03 07/01/2018 89.24
2016-03 06/01/2017 88.81
2015-03 06/01/2016 89.13
 
CN 2.0
2015-03 02/01/2016 94.39
2014-03 07/01/2015 94.22
2013-03 07/01/2014 90.55
2011-03 12/20/2012 75.61
2011-03 12/20/2012 75.61
2010-03 09/20/2011 81.52
 
CN 1.0
2010-03 06/01/2011 72.86
2009-03 08/01/2010 86.70
2008-03 05/01/2009 79.83
2007-03 06/01/2008 86.20
2006-03 05/01/2007 93.27
2005-03 04/01/2006 85.84
2004-03 04/01/2005 83.34
2003-03 05/01/2004 78.63
2002-03 04/15/2003 83.22

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, 2018
  • March, 2017
  • March, 2016
  • March, 2015
  • March, 2014
Compensation % of Expenses Paid to Title
$271,884 1.88% John T. Petures Jr. President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Akron Community Foundation (OH) 84.83
Central Indiana Community Foundation (IN) 96.56
Foundation For The Carolinas (NC) 91.72
Baton Rouge Area Foundation (LA) 91.68
The Community Foundation of Western North Carolina (NC) 90.94

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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

Richard C. Fedorovich
Chair

CEO

John T. Petures, Jr.
President & CEO

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