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.
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

Charts

Compensation % of Expenses Paid to Title
$271,884 1.88% John T. Petures Jr. President, CEO

Mission

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.

Highly Rated

Charity Name & State Overall Score Overall Rating
Akron Community Foundation (OH) 84.83
Black Belt Community Foundation (AL) 86.68
Central New York Community Foundation (NY) 91.11
Parasol Tahoe Community Foundation (NV) 100.00
Stanislaus Community Foundation (CA) 90.10

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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