Akron Community Foundation: Nonprofit Profile, Financials & Form 990 (EIN 34-1087615)

Revenue by fiscal year
FY2021	$39.3M
FY2022	$29.2M
FY2023	$11.9M
FY2024	$33.8M
FY2025	$20.3M

Expenses by fiscal year
FY2021	$24.6M
FY2022	$17.5M
FY2023	$18.2M
FY2024	$21.9M
FY2025	$20.0M

Net assets by fiscal year
FY2021	$240.2M
FY2022	$245.5M
FY2023	$225.9M
FY2024	$259.8M
FY2025	$266.5M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1960.

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

Where the money goes

84 cents of each dollar spent went to programs.

84%

Program services 84% · $16.8M Management & general 8% · $1.7M Fundraising 8% · $1.6M

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

30 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

John T Petures JR

President & CEO

$313,841Pt VII · Sec A

Steven H Schloenbach

Vice President, CFO

$183,123Pt VII · Sec A

John Garofalo

VP of Community Investment

$157,634Pt VII · Sec A

Laura Lederer

VP & Cdo

$121,226Pt VII · Sec A

Dennis Jansky

Director of Accounting & Admin.

$114,215Pt VII · Sec A

Tracy Burt

Director of Marketing

$112,893Pt VII · Sec A

Tracy Dowe

Trustee

$0Pt VII · Sec A

Tracy Carter

Trustee

$0Pt VII · Sec A

John T Petures JR’s $314K as President & CEO is at the 71st percentile of top reported officer pay among 661 $10–100M 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 · 7 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021
John T Petures JR	$313,841	$304,577	$295,641	$285,053	$279,833
Steven H Schloenbach	$183,123	$172,916	$162,994	$156,910	$153,770
John Garofalo	$157,634	$150,490	$144,665	$140,106	$137,632
Margaret Medzie	—	$149,698	$156,507	$148,411	$144,877
Laura Lederer	$121,226	$104,876	—	—	—
Dennis Jansky	$114,215	$108,847	$103,325	—	—
Tracy Burt	$112,893	$106,896	$101,440	—	—

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 Akron Community Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Awards grants and scholarships to local programs focused on arts, education, health, human services, and civic affairs to improve quality of life in Akron.

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1 program · $16.8M · in their own filed words · FY2024

01

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.

$16.8Mprogram 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

Gertrude F Orr FoundationFY2025$200K

Lloyd L & Louise K Smith FoundationFY2025$25K

L F & A M Wilson Char Tr Co-Tr UwFY2025$22K

Hermine Z Hansen Tr Uw 20359800 NectFY2025$9K

Total grants receivedfrom 4 funders$256K

See all 4 funders →

Grants paid · 1,666 grants · $78.4M · 2020–2024

Medina County Community FoundationOH · FY2024$1,099,309

Unitemized GrantFY2024$669,063

United Way of Summit and MedinaOH · FY2024$631,898

Summit Education InitiativeOH · FY2024$519,648

I B H Foundation INCOH · FY2024$457,747

Access INCOH · FY2024$400,229

University Hospitals Health System INCOH · FY2024$382,466

The University of Akron FoundationOH · FY2024$373,869

Akron Art MuseumOH · FY2024$316,655

Summit Metro Parks FoundationOH · FY2024$266,351

St Jude Children's Research Hospital INCTN · FY2024$260,182

Friends of Medina County Parks INCOH · FY2024$250,000

Akron-Canton Regional FoodbankOH · FY2024$243,010

Friends of the Franciscan Chapel Center INCTX · FY2024$230,000

Humane Society of Summit CountyOH · FY2024$221,654

Akron Public SchoolsFY2024$220,824

Downtown Akron Partnership INCOH · FY2024$187,500

Business Volunteers UnlimitedOH · FY2024$182,719

See all 1,666 grants →

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$20.3M

Ln 12

Gifts and grantsLn 1h$17.0M

Investment incomeLn 3$3.4M

Money outPt IX

$20.0M

Ln 25

Programscol B$16.8M

Managementcol C$1.7M

Fundraisingcol D$1.6M

Owns and owesPt X

$266.5M

net assets · Ln 32

Cash and savingsLn 1–2$15.3M

Total assetsLn 16$305.5M

LiabilitiesLn 26$38.9M

PeoplePt VI, VII

30

listed · VII A

PaidVII A6

Voting boardVI 1a24

IndependentVI 1b24

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$17.0M

Noncash giftsLn 1g$5.2M

Fundraising eventsLn 1c$395K

Investment incomeLn 3$3.4M

Gains on assetsLn 7−$3.7M

Total revenueLn 12$20.3M

Assets in detailPt X, end of year

CashLn 1$136K

SavingsLn 2$15.2M

Cash and savings togetherLn 1–2$15.3M

InvestmentsLn 11–13$248.6M

Land, buildings, equipmentLn 10c$3.5M

Other assetsLn 15$37.8M

Total assetsLn 16$305.5M

LiabilitiesLn 26$38.9M

Net assetsLn 32$266.5M

OperationsPt I, VI

EmployeesI 521

VolunteersI 624

Fiscal year endsHeaderMarch

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$11.0M	$15.3M
InvestmentsLn 11–13	$249.3M	$248.6M
Land, buildings, equipmentLn 10c	$3.6M	$3.5M
Total assetsLn 16	$297.1M	$305.5M
LiabilitiesLn 26	$37.3M	$38.9M
Net assetsLn 32	$259.8M	$266.5M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$14.8M	$14.8M
Grants to domestic individualsLn 2	$669K	$669K
Pay of current officers, directors and key staffLn 5	$977K	$361K	$264K	$352K
Other salaries and wagesLn 7	$1.3M	$462K	$354K	$476K
Other employee benefitsLn 9	$417K	$154K	$113K	$150K
Payroll taxesLn 10	$138K	$51K	$37K	$50K
Legal feesLn 11b	$26K	$9K	$6K	$11K
Accounting feesLn 11c	$49K	$17K	$12K	$20K
Investment management feesLn 11f	$701K		$701K
Other fees for servicesLn 11g	$33K	$11K	$8K	$14K
Advertising and promotionLn 12	$196K	$28K	$20K	$148K
Office expensesLn 13	$54K	$19K	$16K	$19K
OccupancyLn 16	$66K	$24K	$18K	$24K
TravelLn 17	$13K	$5K	$3K	$5K
Conferences, conventions and meetingsLn 19	$24K	$9K	$6K	$9K
Depreciation, depletion and amortizationLn 22	$177K	$60K	$45K	$72K
InsuranceLn 23	$54K	$18K	$14K	$22K
Other expenses (24a–d)Ln 24	$319K	$73K	$55K	$191K
Total functional expensesLn 25	$20.0M	$16.8M	$1.7M	$1.6M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$20.3M	$20.0M	$248K	$266.5M	990 PDF
FY2024	$33.8M	$21.9M	$11.9M	$259.8M	990 PDF
FY2023	$11.9M	$18.2M	−$6.3M	$225.9M	990 PDF
FY2022	$29.2M	$17.5M	$11.8M	$245.5M	990 PDF
FY2021	$39.3M	$24.6M	$14.7M	$240.2M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $20,297,406 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $23,711,939$17,027,895

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $10,257,815$3,427,022

I-11 Other revenuePrior year −$162,580−$157,511

I-12 Total revenuePrior year $33,807,174$20,297,406

I-13 Grants and similar amounts paidPrior year $17,738,321$15,513,159

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $2,692,753$2,824,226

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $1,516,215$1,711,535

I-18 Total expensesPrior year $21,947,289$20,048,920

I-19 Revenue less expensesPrior year $11,859,885$248,486

Part VI · Governance 24 of 24 board members independent, no flags

VI-1a Voting members of the governing body24

VI-1b Independent voting members24

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $20,297,406 across 8 lines filed

VIII-1c Fundraising events$394,858

VIII-1f All other contributions, gifts and grants$16,633,037

VIII-1g Noncash contributions (included above)$5,206,813

VIII-1h Total contributions, gifts and grants$17,027,895

VIII-3 Investment incomeUnrelated business −$141,936 · Excluded from tax $7,268,531$7,126,595

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$3,699,573−$3,699,573

VIII-8 Net income from fundraising eventsExcluded from tax −$157,511−$157,511

VIII-12 Total revenueRelated to mission $0 · Unrelated business −$141,936 · Excluded from tax $3,411,447$20,297,406

Part IX · Statement of functional expenses $20,048,920 across 18 lines filed

IX-1 Grants to domestic organizationsPrograms $14,844,096$14,844,096

IX-2 Grants to domestic individualsPrograms $669,063$669,063

IX-5 Pay of current officers, directors and key staffPrograms $361,441 · Management $263,754 · Fundraising $351,672$976,867

IX-7 Other salaries and wagesPrograms $461,823 · Management $353,536 · Fundraising $476,399$1,291,758

IX-9 Other employee benefitsPrograms $154,329 · Management $112,618 · Fundraising $150,158$417,105

IX-10 Payroll taxesPrograms $51,244 · Management $37,393 · Fundraising $49,859$138,496

IX-11b Legal feesPrograms $8,759 · Management $6,441 · Fundraising $10,563$25,763

IX-11c Accounting feesPrograms $16,644 · Management $12,238 · Fundraising $20,070$48,952

IX-11f Investment management feesManagement $700,997$700,997

IX-11g Other fees for servicesPrograms $11,353 · Management $8,347 · Fundraising $13,690$33,390

IX-12 Advertising and promotionPrograms $28,100 · Management $19,991 · Fundraising $147,905$195,996

IX-13 Office expensesPrograms $19,216 · Management $15,805 · Fundraising $19,430$54,451

IX-16 OccupancyPrograms $24,052 · Management $17,934 · Fundraising $24,037$66,023

IX-17 TravelPrograms $4,636 · Management $3,456 · Fundraising $4,633$12,725

IX-19 Conferences, conventions and meetingsPrograms $8,592 · Management $6,406 · Fundraising $8,587$23,585

IX-22 Depreciation, depletion and amortizationPrograms $60,000 · Management $44,738 · Fundraising $71,966$176,704

IX-23 InsurancePrograms $18,287 · Management $13,635 · Fundraising $21,934$53,856

IX-24 Other expenses (24a–d)Programs $73,358 · Management $54,697 · Fundraising $191,038$319,093

IX-25 Total functional expensesPrograms $16,814,993 · Management $1,671,986 · Fundraising $1,561,941$20,048,920

Part X · Balance sheet $305,457,507 assets, 17 lines filed

X-1 Cash, non-interest-bearingStart of year $207,459$136,059

X-2 Savings and temporary cash investmentsStart of year $10,773,640$15,212,504

X-3 Pledges and grants receivableStart of year $58,815$163,000

X-9 Prepaid expenses and deferred chargesStart of year $135,702$119,808

X-10c Land, buildings and equipment, netStart of year $3,622,791$3,483,600

X-11 Publicly traded securitiesStart of year $221,673,242$214,088,225

X-12 Other securitiesStart of year $27,579,793$34,463,461

X-15 Other assetsStart of year $33,003,760$37,790,850

X-16 Total assetsStart of year $297,142,559$305,457,507

X-17 Accounts payable and accrued expensesStart of year $1,183,528$1,199,967

X-18 Grants payableStart of year $285,250$395,255

X-25 Other liabilitiesStart of year $35,838,887$37,346,080

X-26 Total liabilitiesStart of year $37,307,665$38,941,302

X-27 Net assets without donor restrictionsStart of year $143,965,894$254,375,205

X-28 Net assets with donor restrictionsStart of year $115,869,000$12,141,000

X-32 Total net assets or fund balancesStart of year $259,834,894$266,516,205

X-33 Total liabilities and net assetsStart of year $297,142,559$305,457,507

Part XI · Reconciliation of net assets $266,516,205 net assets at year end

XI-1 Total revenue$20,297,406

XI-2 Total expenses$20,048,920

XI-3 Revenue less expenses$248,486

XI-4 Net assets at start of year$259,834,894

XI-5 Net unrealized gains (losses) on investments$6,432,825

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$266,516,205

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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