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AKRON COMMUNITY FOUNDATION

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Public IRS 990 nonprofit record

AKRON COMMUNITY FOUNDATION

EIN 34-1087615 · Philanthropy, Voluntarism & Grantmaking Foundations (T310)

What they do

to IDENTIFY, ACTIVATE, and SUPPORT INFORMED and PASSIONATE PHILANTHROPISTS WHO STRIVE to IMPROVE THE QUALITY of LIFE IN OUR COMMUNITY. WE ACCOMPLISH THIS BY:- BUILDING A PERMANENT SOURCE of CHARITABLE FUNDING- CULTIVATING STRATEGIC RELATIONSHIPS WITH DIVERSE CHARITABLE INDIVIDUALS, PROFESSIONAL ADVISORS, and COMMUNITY ORGANIZATIONS- INSPIRING NEW DONORS BY CAPTURING and SHARING COMPELLING EXAMPLES of THE POSITIVE IMPACT of PHILANTHROPY IN OUR COMMUNITY- EDUCATING and CONNECTING DONORS to NONPROFIT ORGANIZATIONS WHOSE NEEDS MATCH THE DONORS INTERESTS

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $83.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders30 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

82.84%of revenue went to mission work83.9% of expenses · Program services
7.70%of revenue went to fundraising7.8% of expenses
$98.78spent for every $100 of revenueRevenue covered expenses this year.
8.24%of revenue went to management and office costs8.3% of expenses
$15.24in assets for every $1 spent this yearSome assets cannot be spent right away.
83.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $414,532 for JOHN T PETURES JR (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$20,297,406
Mission workProgram services$16,814,99382.84% of revenue83.9% of expenses
ManagementOffice and general costs$1,671,9868.24% of revenue8.3% of expenses
FundraisingAsking for donations$1,561,9417.70% of revenue7.8% of expenses
Revenue left after expensesReported annual surplus$248,4861.22% of revenueShown in gray on the chart
Total expenses$20,048,92098.78% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 83.9% mission · 8.3% management · 7.8% fundraisingTotal expenses: 98.78% of revenue
2023Expense mix: 86.4% mission · 7.1% management · 6.5% fundraisingTotal expenses: 64.92% of revenue
2022Expense mix: 83.5% mission · 8.9% management · 7.6% fundraisingTotal expenses: 152.58% of revenue
2021Expense mix: 83.4% mission · 9.6% management · 7.0% fundraisingTotal expenses: 59.70% of revenue
2020Expense mix: 88.5% mission · 6.5% management · 5.0% fundraisingTotal expenses: 62.66% of revenue
2019Expense mix: 81.2% mission · 10.2% management · 8.7% fundraisingTotal expenses: 98.94% of revenue
2018Expense mix: 80.1% mission · 13.5% management · 6.4% fundraisingTotal expenses: 80.91% of revenue
2017Expense mix: 85.4% mission · 9.4% management · 5.1% fundraisingTotal expenses: 62.03% of revenue

Money in and money out

Revenue$20,297,406
Expenses$20,048,920
Annual surplus $248,486 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$16,814,993 · 83.9% of expenses
Management and office costs$1,671,986 · 8.3% of expenses
Fundraising$1,561,941 · 7.8% of expenses
See all reported dollar amounts
Revenue$20,297,406
Expenses$20,048,920
Assets$305,457,507
Income$141,868,462
Contributions$17,027,895
Mission work (program services)$16,814,993
Fundraising$1,561,941
Grants given$118,282,331
Average grant$23,427
Management and general$1,671,986
Executive compensation (total)$508,811
Stocks and bonds$214,088,225
Accounting fees$48,952
Investing fees$700,997
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
JOHN T PETURES JRPRESIDENT & CEO · 40 hrs/week $414,532Base $313,841 · Other $100,691
STEVEN H SCHLOENBACHVICE PRESIDENT, CFO · 40 hrs/week $211,339Base $183,123 · Other $28,216
JOHN GAROFALOVP OF COMMUNITY INVESTMENT · 40 hrs/week $175,792Base $157,634 · Other $18,158
DENNIS JANSKYDIRECTOR OF ACCOUNTING & ADMIN. · 40 hrs/week $152,603Base $114,215 · Other $38,388
TRACY BURTDIRECTOR OF MARKETING · 40 hrs/week $150,197Base $112,893 · Other $37,304
LAURA LEDERERVP & CDO · 40 hrs/week $147,754Base $121,226 · Other $26,528

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (30)

JOHN T PETURES JRPRESIDENT & CEO

STEVEN H SCHLOENBACHVICE PRESIDENT, CFO

JOHN GAROFALOVP OF COMMUNITY INVESTMENT

DENNIS JANSKYDIRECTOR OF ACCOUNTING & ADMIN.

TRACY BURTDIRECTOR OF MARKETING

LAURA LEDERERVP & CDO

STEVE SCHMIDTCOMMUNITY INVESTMENT CO-CHAIR

LAURA CULPTRUSTEE

MARK BACHMANNTRUSTEE

MARTY HAUSERCHAIR

S THERESA CARTERSECRETARY

SHEFALI MAHESHTRUSTEE

KENDRA PHILONTRUSTEE

SYLVIA TRUNDLEIMMEDIATE PAST CHAIR

TIM ABLETRUSTEE

TRACY CARTERTRUSTEE

TRACY DOWETRUSTEE

KIM HAWS FALASCOCOMMUNITY RELATIONS CHAIR

ANGELINA MILOTRUSTEE

KEEVEN WHITESTRATEGIC PLANNING CHAIR

KATIE SMUCKERTRUSTEE

JODY KONSTANDGOVERNANCE CHAIR

JAMES PICKARDVICE CHAIR/AUDIT CHAIR

J BRET TREIERTRUSTEE

ERNEST POUTTUTREASURER/FINANCE CHAIR

DOUG KUCZYNSKITRUSTEE

DENNIS BUTTS JRTRUSTEE

CARLA CHAPMANCOMMUNITY INVESTMENT CO-CHAIR

BRIAN MOORETRUSTEE

BILL STEERETRUSTEE

About this charity

Recognized since
January 1960
Location
345 W CEDAR ST, AKRON, OH 44307-2407
County
Summit
In care of
JOHN F GAROFALO
Primary officer
JOHN F GAROFALO, PRESIDENT AND CEO

How to reach them

WebsiteVisit the charity’s website Phone(330) 376-8522

Filing and classification

Latest tax year
2024
Tax period began
April 1, 2024
Return type
990
Tax preparer
MALONEY NOVOTNY LLC
NTEE classification
Philanthropy, Voluntarism & Grantmaking Foundations (T310)
IRS tax category
Grantmaking Foundations
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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