Nonprofit · EIN 34-1087615
AKRON COMMUNITY FOUNDATION
Tax-exempt · AKRON, OH 44307
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $20,297,406 | $20,048,920 | $248,486 | $305,457,507 | $38,941,302 | $266,516,205 |
| March 31, 2024 | 990 | $33,807,174 | $21,947,289 | $11,859,885 | $297,142,559 | $37,307,665 | $259,834,894 |
| March 31, 2023 | 990 | $11,908,040 | $18,169,831 | -$6,261,791 | $259,622,677 | $33,769,974 | $225,852,703 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $17,027,895
- Program service revenue
- $0
- Investment income
- $3,427,022
- Net gain from sales of assets
- -$3,699,573
- Net income from fundraising events
- -$157,511
- Other revenue
- -$157,511
Expenses
- Grants and similar amounts paid
- $15,513,159
- Compensation of officers, directors and key employees
- $976,867
- Other salaries and wages
- $1,291,758
- Salaries, compensation and benefits (total)
- $2,824,226
- Professional fundraising fees
- $0
- Legal fees
- $25,763
- Accounting fees
- $48,952
- Occupancy
- $66,023
- Travel
- $12,725
- Depreciation
- $176,704
- Program services (functional)
- $16,814,993
- Management and general (functional)
- $1,671,986
- Fundraising (functional)
- $1,561,941
Balance sheet and other
- Total assets, start of year
- $297,142,559
- Total assets, end of year
- $305,457,507
- Total liabilities, end of year
- $38,941,302
- Net assets, end of year
- $266,516,205
- Land, buildings and equipment
- $3,483,600
- Publicly traded securities
- $214,088,225
- Net assets without donor restrictions
- $254,375,205
- Net assets with donor restrictions
- $12,141,000
- Gross unrelated business income
- -$141,936
- Gross receipts
- $141,868,462
- Employees
- 21
- Volunteers
- 24
- Year formed
- 1955
- State of legal domicile
- OH
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 for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN T PETURES JR | PRESIDENT & CEO Officer | 40 | $313,841 | $100,691 |
| STEVEN H SCHLOENBACH | VICE PRESIDENT, CFO Officer | 40 | $183,123 | $28,216 |
| JOHN GAROFALO | VP OF COMMUNITY INVESTMENT Officer | 40 | $157,634 | $18,158 |
| DENNIS JANSKY | DIRECTOR OF ACCOUNTING & ADMIN. Highest-paid employee | 40 | $114,215 | $38,388 |
| TRACY BURT | DIRECTOR OF MARKETING Highest-paid employee | 40 | $112,893 | $37,304 |
| LAURA LEDERER | VP & CDO Officer | 40 | $121,226 | $26,528 |
| MARTY HAUSER | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| J BRET TREIER | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| S THERESA CARTER | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| SYLVIA TRUNDLE | IMMEDIATE PAST CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| CARLA CHAPMAN | COMMUNITY INVESTMENT CO-CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MARK BACHMANN | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| TRACY DOWE | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| TRACY CARTER | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| LAURA CULP | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
15 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JODY KONSTAND | GOVERNANCE CHAIR Trustee or director, Officer | 2 | $0 |
| JAMES PICKARD | VICE CHAIR/AUDIT CHAIR Trustee or director, Officer | 2 | $0 |
| BILL STEERE | TRUSTEE Trustee or director | 1.5 | $0 |
| KIM HAWS FALASCO | COMMUNITY RELATIONS CHAIR Trustee or director, Officer | 2 | $0 |
| DOUG KUCZYNSKI | TRUSTEE Trustee or director | 1.5 | $0 |
| SHEFALI MAHESH | TRUSTEE Trustee or director | 1.5 | $0 |
| ANGELINA MILO | TRUSTEE Trustee or director | 1.5 | $0 |
| BRIAN MOORE | TRUSTEE Trustee or director | 1.5 | $0 |
| ERNEST POUTTU | TREASURER/FINANCE CHAIR Trustee or director, Officer | 2 | $0 |
| STEVE SCHMIDT | COMMUNITY INVESTMENT CO-CHAIR Trustee or director, Officer | 2 | $0 |
| KATIE SMUCKER | TRUSTEE Trustee or director | 1.5 | $0 |
| KEEVEN WHITE | STRATEGIC PLANNING CHAIR Trustee or director, Officer | 2 | $0 |
| TIM ABLE | TRUSTEE Trustee or director | 1.5 | $0 |
| DENNIS BUTTS JR | TRUSTEE Trustee or director | 1.5 | $0 |
| KENDRA PHILON | TRUSTEE Trustee or director | 1.5 | $0 |
990 for the year ended March 31, 2024: 30 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN T PETURES JR | PRESIDENT & CEO Officer | 40 | $304,577 | $97,558 |
| STEVEN H SCHLOENBACH | VICE PRESIDENT, CFO Officer | 40 | $172,916 | $33,618 |
| JOHN GAROFALO | VP OF COMMUNITY INVESTMENT Officer | 40 | $150,490 | $18,400 |
| MARGARET MEDZIE | VP OF DEVEL.(UNTIL 12/23) Officer | 40 | $149,698 | $17,283 |
| DENNIS JANSKY | DIRECTOR OF ACCOUNTING & ADMIN. Highest-paid employee | 40 | $108,847 | $37,482 |
| TRACY BURT | DIRECTOR OF MARKETING Highest-paid employee | 40 | $106,896 | $37,603 |
| LAURA LEDERER | VP OF DEVEL.(BEG. 12/23) Officer | 40 | $104,876 | $27,142 |
| MARTY HAUSER | CHAIR/STRATEGIC PLANNING Trustee or director, Officer | 2 | $0 | $0 |
| J BRET TREIER | TREASURER/FINANCE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| S THERESA CARTER | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| SYLVIA TRUNDLE | IMMEDIATE PAST CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| CARLA CHAPMAN | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| MARK BACHMANN | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| TRACY DOWE | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| TRACY CARTER | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| LAURA CULP | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| JODY KONSTAND | COMMUNITY INVESTMENT CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JAMES PICKARD | VICE CHAIR/AUDIT CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| BILL STEERE | COMMUNITY RELATIONS CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| KIM HAWS FALASCO | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| BENNETT GAINES | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| DOUG KUCZYNSKI | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| SHEFALI MAHESH | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| ANGELINA MILO | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| BRIAN MOORE | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| ERNEST POUTTU | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| STEVE SCHMIDT | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| RACHEL TALTON | GOVERNANCE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| KATIE SMUCKER | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| KEEVEN WHITE | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
990 for the year ended March 31, 2023: 30 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN T PETURES JR | PRESIDENT & CEO Officer | 40 | $295,641 | $92,610 |
| STEVEN H SCHLOENBACH | VICE PRESIDENT, FINANCE & CFO Officer | 40 | $162,994 | $35,489 |
| MARGARET MEDZIE | VICE PRESIDENT, DEVELOPMENT Officer | 40 | $156,507 | $20,180 |
| JOHN GAROFALO | VICE PRESIDENT, COMMUNITY INVESTMENT Officer | 40 | $144,665 | $16,793 |
| DENNIS JANSKY | DIRECTOR OF ACCOUNTING AND ADMINISTRATION Highest-paid employee | 40 | $103,325 | $35,383 |
| TRACY BURT | DIRECTOR OF MARKETING Highest-paid employee | 40 | $101,440 | $35,443 |
| SYLVIA TRUNDLE | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MARTY HAUSER | VICE CHAIR/STRATEGIC PLANNING CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| J BRET TREIER | TREASURER/FINANCE CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| JAMES PICKARD | SECRETARY Trustee or director, Officer | 1.5 | $0 | $0 |
| RICHARD FEDOROVICH | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| JODY KONSTAND | COMMUNITY INVESTMENT CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| BILL STEERE | COMMUNITY RELATIONS CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| RACHEL TALTON | GOVERNANCE CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| MIKE ZELEZNIK | AUDIT CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| S THERESA CARTER | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| TRACY CARTER | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| CARLA CHAPMAN | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| CLAUDIA DIAZ-SINGER | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| KIM HAWS FALASCO | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| BENNETT GAINES | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| DOUG KUCZYNSKI | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| SHEFALI MAHESH | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| ANGELINA MILO | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| BRIAN MOORE | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| ERNEST POUTTU | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| STEVE SCHMIDT | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| ILENE SHAPIRO | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| KATIE SMUCKER | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| KEEVEN WHITE | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 345 W CEDAR ST, AKRON, OH 44307-2407
- Principal officer (990 for 2024)
- JOHN F GAROFALO, 345 WEST CEDAR ST, AKRON, OH 443072407
- Signed the 990
- JOHN F GAROFALO, PRESIDENT AND CEO
- Phone
- (330) 376-8522
- Website
- WWW.AKRONCF.ORG
- Return prepared by
- MALONEY NOVOTNY LLC
Mission
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 DONOR'S INTERESTS
Program accomplishments
- DURING THE FISCAL YEAR 2025, AKRON COMMUNITY FOUNDATION CONTINUED ITS FOCUS ON FOUR DEFINED GRANT-MAKING PRIORITIES. THOSE INCLUDE SUPPORTING PROGRAMS IN THE COMMUNITY THAT ARE FOCUSED ON ARTS & CULTURE, EDUCATION, HEALTH & HUMAN SERVICES, AND CIVIC AFFAIRS. TOTAL GRANT MAKING BACK TO THE COMMUNITY THROUGH UNRESTRICTED AND ADVISED FUND TOTALED OVER $16,701,202 VIA 1,692 GRANTS AND OTHER DISTRIBUTIONS, ENDOWMENT FUND TOTTALED OVER $4,793,115 VIA 395 GRANTS AND OTHER DISTRIBUTIONS. AKRON COMMUNITY FOUNDATION AWARDED 230 SCHOLARSHIPS TOTALING $669,063.Expenses $16,814,993 · grants $15,513,159
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 34-1087615
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1960
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T310)
- Assets (IRS master file)
- $305,457,507
- Income (IRS master file)
- $141,868,462
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $20,297,406 | $20,048,920 | $305,457,507 | XML |
| 990-T | March 2025 | – | – | – | IRS |
| 990 | March 2024 | $33,807,174 | $21,947,289 | $297,142,559 | XML |
| 990-T | March 2024 | – | – | – | IRS |
| 990 | March 2023 | $11,908,040 | $18,169,831 | $259,622,677 | XML |
| 990-T | March 2023 | – | – | – | IRS |
| 990 | March 2022 | $29,242,242 | $17,458,880 | $279,695,721 | IRS |
| 990-T | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990-T | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | 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 34-1087615).
Questions about AKRON COMMUNITY FOUNDATION
- What is the EIN of AKRON COMMUNITY FOUNDATION?
- The employer identification number (EIN) of AKRON COMMUNITY FOUNDATION is 34-1087615.
- Is AKRON COMMUNITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1960.
- Are donations to AKRON COMMUNITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AKRON COMMUNITY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AKRON COMMUNITY FOUNDATION due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AKRON COMMUNITY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of AKRON COMMUNITY FOUNDATION?
- The 990 for the year ended March 31, 2025 names JOHN F GAROFALO.
- Who are the officers and directors of AKRON COMMUNITY FOUNDATION?
- The 990 for the year ended March 31, 2025 lists 30 people; 6 received compensation from the organization, the highest $313,841 (JOHN T PETURES JR, PRESIDENT & CEO).
- How much revenue does AKRON COMMUNITY FOUNDATION have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $20,297,406, expenses of $20,048,920 and total assets of $305,457,507 at year end.
Other nonprofits in AKRON
- UNITED WAY OF SUMMIT AND MEDINA EIN 34-1169257 · last filed 990 for 2025
- JEWISH COMMUNITY BOARD OF AKRON INC EIN 34-1884695 · last filed 990 for 2025
- STEPHEN A COMUNALE JR CHARITABLE FOUNDATION EIN 20-4345267 · last filed 990-PF for 2025
- AKRON MARATHON CHARITABLE CORPORATION EIN 42-1531773 · last filed 990 for 2025
- NORTHERN OHIO GOLF CHARITIES FOUNDATION INC EIN 34-1712857 · last filed 990-PF for 2025
- ST SEBASTIAN PARISH FOUNDATION EIN 23-7115850 · last filed 990 for 2025
- WELTY FAMILY FOUNDATION EIN 34-1908053 · last filed 990-PF for 2025
- AKRON - BARBERTON - SUMMIT COUNTY COC EIN 83-0591179 · last filed 990 for 2025
All nonprofits in AKRON · Ohio · Philanthropy, voluntarism and grantmaking foundations