Nonprofit · EIN 34-6506884
JOHN L SEVERANCE
Tax-exempt · BROOKLYN, OH 44144
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,728,609 | $4,668,299 | -$1,939,690 | $62,320,777 | $0 | $62,320,777 |
| December 31, 2024 | 990 | $13,036,691 | $4,167,851 | $8,868,840 | $64,091,830 | $0 | $64,091,830 |
| December 31, 2023 | 990 | $2,017,091 | $4,212,937 | -$2,195,846 | $55,391,624 | $0 | $55,391,624 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $2,728,609
- Net gain from sales of assets
- $1,197,587
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $4,244,559
- Compensation of officers, directors and key employees
- $420,652
- Salaries, compensation and benefits (total)
- $420,652
- Professional fundraising fees
- $0
- Accounting fees
- $1,050
- Program services (functional)
- $4,244,559
- Management and general (functional)
- $423,740
Balance sheet and other
- Total assets, start of year
- $64,091,830
- Total assets, end of year
- $62,320,777
- Total liabilities, end of year
- $0
- Net assets, end of year
- $62,320,777
- Gross receipts
- $4,776,667
- Employees
- 0
- Year formed
- 1945
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEYBANK N A | TRUSTEE Institutional trustee | 1 | $420,652 |
| Russ Klimczuk | CMA Asst Treasurer of Finance Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEYBANK N A | TRUSTEE Institutional trustee | 1 | $386,273 |
| Russ Klimczuk | CMA Asst Treasurer of Finance Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEYBANK N A | TRUSTEE Institutional trustee | 1 | $347,317 |
| Russ Klimczuk | CMA Asst Treasurer of Finance Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4900 TIEDEMAN ROAD OH-01-49-0381, BROOKLYN, OH 44144-2338
- In care of
- % SOCIETY NATIONAL BANK TTEE
- Principal officer (990 for 2025)
- KEYBANK NA TRUSTEE
- Signed the 990
- KEYBANK BY JOSEPH VELKOS, VICE PRESIDENT
- Phone
- (216) 813-4556
- Return prepared by
- PWC US TAX LLP
Mission
GRANTS ARE MADE ACCORDING TO THE LAST WILL AND TESTAMENT OFJOHN L SEVERENCE DATED JANUARY 31, 1935 IN CONJUNCTION WITH THE TRUST AGREEMENT DATED DECEMBER 23, 1915 AND THE OPERATING AGREEMENT DATED APRIL 30, 2009. IN COMPLIANCE WITH THE TRUST DOCUMENT, KEYBANK AS TRUSTEE, MAKES GRANTS TO THE CLEVELAND MUSEUM OF ART TO BE USED TO PURCHASE WORKS OF ART. UNDER THE OHIO INSTITUTIONAL TRUST FUNDS ACT OF 1999, THE BENEFICIARY HAS CHOSEN TO RECEIVE THE MAXIMUM OF INCOME BASED ON THE GREATER OF 5% OF AFV OR TRADITIONAL INCOME.KEYBANK MAINTAINS A RESPONSIVENESS TO THE NEEDS AND ACTIVITIES OF THEBENEFICIARIES ORGANIZATION IN THE ATTAINMENT OF ITS MISSION. PLEASE NOTE THE CHARITY HAS A RIGHT TO DIRECT OR APPROVE INVESTMENTS AND THETRUSTEE HAS THE AUTHORITY TO AMEND THE DOCUMENT TO INSURE THECONTINUATION TO QUALIFY AS A 509(A)(3).
Program accomplishments
- GRANTS MADE TO THE CLEVELAND MUSEUM OF ART TO BE USED IN THE PURCHASE OF WORKS OF ART.Expenses $4,244,559 · grants $4,244,559
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 34-6506884
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1971
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A110)
- Assets (IRS master file)
- $62,320,777
- Income (IRS master file)
- $4,776,667
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,728,609 | $4,668,299 | $62,320,777 | IRS |
| 990 | December 2024 | $13,036,691 | $4,167,851 | $64,091,830 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $2,017,091 | $4,212,937 | $55,391,624 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $3,316,435 | $4,560,349 | $57,587,472 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 34-6506884).
Questions about JOHN L SEVERANCE
- What is the EIN of JOHN L SEVERANCE?
- The employer identification number (EIN) of JOHN L SEVERANCE is 34-6506884.
- Is JOHN L SEVERANCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
- Are donations to JOHN L SEVERANCE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does JOHN L SEVERANCE 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 JOHN L SEVERANCE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did JOHN L SEVERANCE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of JOHN L SEVERANCE?
- The 990 for the year ended December 31, 2025 names KEYBANK NA TRUSTEE.
- Who are the officers and directors of JOHN L SEVERANCE?
- The 990 for the year ended December 31, 2025 lists 2 people; 1 received compensation from the organization, the highest $420,652 (KEYBANK N A, TRUSTEE).
- How much revenue does JOHN L SEVERANCE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,728,609, expenses of $4,668,299 and total assets of $62,320,777 at year end.
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- RUTHERFORD B & LUCY WEBB HAYES FOUNDATION EIN 34-6504799 · last filed 990 for 2025
- MILLIKIN SEVERANCE NO 2 FD A1 EIN 34-6844729 · last filed 990 for 2025
- CLEVELAND MUSEUM OF ART 2 GENERAL ENDOWMENT FUND TRUST EIN 34-6500656 · last filed 990 for 2025
- FRED J JOHNSTON PRESERVATION TR EIN 16-6425791 · last filed 990-PF for 2026
- WESTERN RESERVE ASSOCIATION FOR THE PRESERVATION AND PERPETUATION EIN 30-0027838 · last filed 990-N for 2025
All nonprofits in BROOKLYN · Ohio · Arts, culture and humanities