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Nonprofit · EIN 23-7348126

AMERICAN FOUNDATION CORPORATION

Tax-exempt · CUYAHOGA FLS, OH 44221

Financials

$361K$1.7M2023$2.6M$1.7M2024
Revenue Expenses · by fiscal year end
Financials of AMERICAN FOUNDATION CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$2,575,722$1,743,777$831,945$23,136,509$0$23,136,509
December 31, 2023990-PF$361,351$1,668,233-$1,306,882$22,133,416$0$22,133,416
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$322,415
Interest
$181,397
Net gain from sales of assets
$2,071,411
Other income
$499

Expenses

Grants and similar amounts paid
$1,324,774
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$1,329,124
Excise tax on investment income
$30,484

Balance sheet and other

Total assets, start of year
$22,133,416
Total assets, end of year
$23,136,509
Total liabilities, end of year
$0
Net assets, end of year
$23,136,509
Fair market value of assets
$29,594,237
Qualifying distributions
$1,329,124
Net investment income
$2,575,722

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
DWIGHT B CORNING
127 PUBLIC SQUARE SUITE 3535, CLEVELAND, OH 44114
PRESIDENT / DIRECTOR1$0
MARY V MURFEY
127 PUBLIC SQUARE SUITE 3535, CLEVELAND, OH 44114
V. PRES. / DIRECTOR1$0
NADINE J MARTIN
127 PUBLIC SQUARE SUITE 3535, CLEVELAND, OH 44114
ASST SECR/ASST TREAS1$0
MARIA G MUTH
127 PUBLIC SQUARE SUITE 3535, CLEVELAND, OH 44114
SECR. / TREASURER1$0
FRANK RYAN
127 PUBLIC SQUARE SUITE 3535, CLEVELAND, OH 44115
V PRESIDENT / DIR1$0
990-PF for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
DWIGHT B CORNING
127 PUBLIC SQUARE SUITE 3535, CLEVELAND, OH 44114
PRESIDENT /0$0
MARY V MURFEY
127 PUBLIC SQUARE SUITE 3535, CLEVELAND, OH 44114
V. PRES. / D0$0
NADINE J MARTIN
127 PUBLIC SQUARE SUITE 3535, CLEVELAND, OH 44114
ASST SECR/AS0$0
MARIA G MUTH
127 PUBLIC SQUARE SUITE 3535, CLEVELAND, OH 44114
SECR. / TREA0$0
FRANK RYAN
127 PUBLIC SQUARE SUITE 3535, CLEVELAND, OH 44115
V PRESIDENT0$0

Address and contacts

Address (IRS master file)
130 HAYES AVE, CUYAHOGA FLS, OH 44221-1722
Signed the 990-PF
MARIA G MUTH, SECRETARY/TREASURER
Phone
(216) 241-6664
Return prepared by
REHMANN ROBSON LLC

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
23-7348126
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1974
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$23,136,509
Income (IRS master file)
$18,194,954

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$2,575,722$1,743,777$23,136,509XML
990-PFDecember 2023$361,351$1,668,233$22,133,416XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7348126).

Questions about AMERICAN FOUNDATION CORPORATION

What is the EIN of AMERICAN FOUNDATION CORPORATION?
The employer identification number (EIN) of AMERICAN FOUNDATION CORPORATION is 23-7348126.
Is AMERICAN FOUNDATION CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
Are donations to AMERICAN FOUNDATION CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does AMERICAN FOUNDATION CORPORATION file?
Form 990-PF. Private foundations file every year.
When is the next return of AMERICAN FOUNDATION CORPORATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did AMERICAN FOUNDATION CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of AMERICAN FOUNDATION CORPORATION?
The 990-PF for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does AMERICAN FOUNDATION CORPORATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $2,575,722, expenses of $1,743,777 and total assets of $23,136,509 at year end.

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