Generation Foundation in Cleveland, Ohio (OH)
Table of contents:
| Generation Foundation | |
| Employer Identification Number (EIN) | 311564642 |
| Name of Organization | Generation Foundation |
| In Care of Name | Robert Millerexecutive Dir |
| Address | 3375 Hollister Rd, Cleveland, OH 44118-1325 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 12/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $234,159 |
| Amount of Income | $121,287 |
| Form 990 Revenue Amount | $121,287 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations |
Non-representatives - add comments:
Amount of income in 2013: $121,287 (it was $182,324 in 2012)
| Generation Foundation: | $121,287 |
| Other organizations performing similar types of work: | $107,502 |
Assets in 2013: $234,159 (it was $279,570 in 2012)
| Generation Foundation: | $234,159 |
| Other organizations performing similar types of work: | $322,766 |
Expenses in 2013: $166,698
| Generation Foundation: | $166,698 |
| Other organizations performing similar types of work: | $58,249 |
Income to expenses ratio in 2013: 0.7
| This organization: | 0.7 |
| Other organizations performing similar types of work: | 2.0 |
Grants share in income in 2013: 99.8%
| This organization: | 99.8% |
| Other organizations performing similar types of work: | 98.7% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $117,684 | $182,324 | $121,287 |
| Contributions, gifts, grants, and similar amounts received | $117,000 | $181,500 | $121,000 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $684 | $324 | $287 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $500 | $0 |
| Total expenses | $153,832 | $144,930 | $166,698 |
| Total net assets | $242,176 | $279,570 | $234,159 |
| Excess/Deficit for the year | $-36,148 | $37,394 | $-45,411 |
| Net assets or fund balances at beginning of year | $278,324 | $242,176 | $279,570 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $279,570 | $234,159 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $242,176 | $279,570 | $234,159 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $242,176 | $279,570 | $234,159 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $405,225 |
| Subtotal Support | $761,000 |
| Gifts, grants, contributions, and membership fees received | $761,000 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $355,775 |
| Total Support | $767,254 |
| Public Support | $761,000 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $5,754 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $500 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Westfield Insurance Foundation | PO BOX 5001, Westfield Ctr, OH 44251-5001 | OH | 2005-12 | $11,337,468 |
| 2 | Robert A Immerman Family Foundation | 30725 Solon Industrial Pkwy, Solon, OH 44139-4338 | OH | 2011-08 | $9,922,338 |
| 3 | Turner Farm Foundation Inc | Cors Bassett Llc 537 E Pete Rose, Cincinnati, OH 45202 | OH | 2011-07 | $9,056,847 |
| 4 | Third Federal Foundation | 7007 Broadway Ave, Cleveland, OH 44105-1441 | OH | 2007-11 | $3,164,515 |
| 5 | Vanhoose Stewart Foundation Inc, Vanhoose Foundation Inc | 8375 Gallia Pike, Frankln Frnce, OH 45629-8989 | OH | 2004-03 | $1,623,491 |
| 6 | Therapeutic Riding Center Foundation | 16497 Snyder Rd, Chagrin Falls, OH 44023-4313 | OH | 1997-10 | $1,426,114 |
| 7 | Thomas H Ingle And Evelyn H Ingle Trust | PO BOX 630858, Cincinnati, OH 45263-0858 | OH | 2001-01 | $1,104,316 |
| 8 | The@chester Family Foundation | 65 E State St Ste 1000, Columbus, OH 43215-4216 | OH | 2007-01 | $1,079,340 |
| 9 | The May Department Stores Company Foundation | 7 W Seventh St, Cincinnati, OH 45202-2424 | OH | 1996-02 | $926,441 |
| 10 | The Patrick And Susan Keefe Family Foundation Inc | 388 Baum St, Cincinnati, OH 45202-1603 | OH | 2011-11 | $568,010 |
| 11 | Warren Hensel And Bernice Hensel Foundation | 3616 Church St, Cincinnati, OH 45244-3004 | OH | 2003-08 | $533,036 |
| 12 | Ray W & Eleanor R Emerson Charitable Tr Uw | PO BOX 1558 DEPT EA4E86, Columbus, OH 43216-1558 | OH | 2013-07 | $506,083 |
| 13 | Virginia Conlogue Foundation, Johns Daniel T Ttee | 6610 Golf Green Dr, Centerville, OH 45459-5804 | OH | 2001-12 | $435,509 |
| 14 | Williams Memorial Fund 009428 | PO BOX 630858, Cincinnati, OH 45263-0858 | OH | 2005-10 | $326,694 |
| 15 | Supau Trust A Private Foundation 795 74c96, Reardon Elizabeth Ttee | 1422 Euclid Ave Ste 1130, Cleveland, OH 44115-2065 | OH | 2000-11 | $291,314 |
| 16 | Wuest-Fanning Family Foundation Inc | 6284 Crittenden Dr, Cincinnati, OH 45244-3979 | OH | 1999-04 | $290,964 |
| 17 | Stephen And Joanne Kirk Foundation | 30195 Chagrin Blvd, Cleveland, OH 44124-5719 | OH | 2011-09 | $289,463 |
| 18 | William & Ruth Kelly Family Foundation | 4231 Beach Rd, Medina, OH 44256-7303 | OH | 2003-02 | $270,618 |
| 19 | Weatherlow Foundation | 600 Superior Ave E Ste 1000, Cleveland, OH 44114-2619 | OH | 2011-08 | $257,017 |
| 20 | Sportys Foundation | Clermont County/Sportys Airport, Batavia, OH 45103 | OH | 2007-03 | $175,792 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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