The Cleveland foundation's mission is to enhance the lives of all residents of greater Cleveland, now and for generations to come, by working together with our donors to build community endowment, address needs through grantmaking, and provide leadership on key community issues.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 90 volunteers and 100 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $68.6M a year · 28% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.9M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Named funders
4
named funders · $3.1M
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$415.7M
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$302.8M
-18% vs prior year
Spent
$222.3M
To programs
90%
Net assets
$2.9B
By yearFY2020–FY2024
Revenue
$302.8M
FY2024▼ -18%
Tap a bar for its year
Revenue by fiscal year
FY2020$116.7M
FY2021$179.4M
FY2022$234.7M
FY2023$370.4M
FY2024$302.8M
Expenses
$222.3M
FY2024▲ +20%
Tap a bar for its year
Expenses by fiscal year
FY2020$147.4M
FY2021$145.0M
FY2022$160.6M
FY2023$185.8M
FY2024$222.3M
Net assets
$2.9B
FY2024▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.2B
FY2021$2.5B
FY2022$2.2B
FY2023$2.6B
FY2024$2.9B

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1945.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $200.6M Management & general 7% · $14.8M Fundraising 3% · $6.9M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

32 people listed on the 990; $3.9M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President & CEO (thru 7/31/23)
$524,315Pt VII · Sec A
President & CEO (eff.8/1/23)
$433,391Pt VII · Sec A
Chief Growth Officer/CFO/Treasurer
$358,115Pt VII · Sec A
Senior Vice President
$293,568Pt VII · Sec A
Vice President (thur 10/2/23)
$233,826Pt VII · Sec A
Chief Marketing Officer
$226,226Pt VII · Sec A
Vice President
$219,848Pt VII · Sec A
Senior Vice Present/General Counsel
$217,242Pt VII · Sec A

Ronald Richard’s $524K as President & CEO (thru 7/31/23) is at the 58th percentile of top reported officer pay among 129 $100M+ philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Ronald Richard$524,315$746,199$691,355—
Ronald B Richard———$686,007
Lillian Kuri$433,391$347,277$293,876$263,909
Rosanne Potter$358,115$339,171$286,609—
Leta Obertacz$293,568$96,819——
India Lee$61,472$291,381$268,124$263,864
Kaye Ridolfi—$113,370$285,517—
Rosanne S Potter———$283,234

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Cleveland Foundation executive salaries →

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Programs and updates

Partners with donors to build community endowments and awards grants that support education, economic development, arts, and vital neighborhood services in Greater Cleveland.

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Provided by the organization

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1 program · $166.7M · in their own filed words · FY2023
01

The cleveland foundation is a grantmaking organization. Approximately half of the grants authorized in 2023 were directed by the board toward strategic initiatives and community responsive requests that address vital community needs in greater cleveland and responded to emerging charitable needs.

$166.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 4 funders →
Grants paid · 3,719 grants · $514.0M · 2020–2023
Jumpstart INCOH · FY2023$11,049,625
Cleveland Metropolitan School DistrictFY2023$4,985,787
The Cleveland Clinic FoundationOH · FY2023$4,655,254
Say Yes Cleveland Scholarship INCOH · FY2023$4,352,179
College Now Greater Cleveland INCOH · FY2023$4,032,291
Case Western Reserve UniversityOH · FY2023$3,795,969
Famicos Foundation INCOH · FY2023$3,232,850
Neighborhood Progress INCOH · FY2023$1,961,000
The City Club of ClevelandOH · FY2023$1,595,309
East 66th Street Services INCOH · FY2023$1,352,500
The Musical Arts AssociationOH · FY2023$1,220,926
City of ClevelandFY2023$1,171,369
See all 3,719 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$302.8M
Ln 12
Gifts and grantsLn 1h$174.7M
Other incomeLn 4–11$128.1M
Money outPt IX
$222.3M
Ln 25
Programscol B$200.6M
Managementcol C$14.8M
Fundraisingcol D$6.9M
Owns and owesPt X
$2.9B
net assets · Ln 32
Total assetsLn 16$3.3B
LiabilitiesLn 26$415.7M
PeoplePt VI, VII
32
listed · VII A
PaidVII A17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$174.7M
Other incomeLn 4–11$128.1M
Total revenueLn 12$302.8M
Assets in detailPt X, end of year
Total assetsLn 16$3.3B
LiabilitiesLn 26$415.7M
Net assetsLn 32$2.9B
OperationsPt I, VI
EmployeesI 5100
VolunteersI 690
Fiscal year endsHeaderDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $302.8M$222.3M$80.5M$2.9B 990 PDF
FY2023 $370.4M$185.8M$184.5M$2.6B 990 PDF
FY2022 $234.7M$160.6M$74.1M$2.2B 990 PDF
FY2021 $179.4M$145.0M$34.4M$2.5B 990 PDF
FY2020 $116.7M$147.4M−$30.7M$2.2B 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons A · Public support O · Explanations

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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