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
86 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
30 people listed on the 990; $1.1M paid to officers and key staff.
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 →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.
Questions for Akron Community Foundation
Your first name shows with your question. Akron Community Foundation answers here, for everyone.
During fiscal year 2024, 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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Federal money
The auditor reported no findings.
By the numbers
The FY2024 990, line by line.
Download 990
| Line | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|
| End of yearLn 1g | $103.3M | $222.1M | $241.7M | $236.6M | $173.2M |
| Given inLn 1b | $1.3M | $7.5M | $18.0M | $20.4M | $10.8M |
| SpentLn 1d–1f | $2.1M | $19.0M | $18.1M | $21.4M |
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $10.9M | $11.0M |
| InvestmentsLn 11–13 | $211.7M | $249.3M |
| Land, buildings, equipmentLn 10c | $3.7M | $3.6M |
| Total assetsLn 16 | $259.6M | $297.1M |
| LiabilitiesLn 26 | $33.8M | $37.3M |
| Net assetsLn 32 | $225.9M | $259.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $17.2M | $17.2M | ||
| Grants to domestic individualsLn 2 | $551K | $551K | ||
| Pay of current officers, directors and key staffLn 5 | $1.1M | $385K | $299K | $385K |
| Other salaries and wagesLn 7 | $1.1M | $419K | $296K | $412K |
| Other employee benefitsLn 9 | $363K | $131K | $102K | $131K |
| Payroll taxesLn 10 | $133K | $48K | $37K | $48K |
| Legal feesLn 11b | $15K | $5K | $4K | $6K |
| Accounting feesLn 11c | $32K | $11K | $8K | $13K |
| Investment management feesLn 11f | $644K | $644K | ||
| Other fees for servicesLn 11g | $13K | $4K | $3K | $5K |
| Advertising and promotionLn 12 | $197K | $28K | $13K | $156K |
| Office expensesLn 13 | $50K | $18K | $14K | $18K |
| OccupancyLn 16 | $67K | $24K | $19K | $24K |
| TravelLn 17 | $6K | $2K | $2K | $2K |
| Conferences, conventions and meetingsLn 19 | $31K | $9K | $13K | $9K |
| Depreciation, depletion and amortizationLn 22 | $180K | $61K | $48K | $72K |
| InsuranceLn 23 | $37K | $12K | $10K | $15K |
| Other expenses (24a–d)Ln 24 | $245K | $61K | $48K | $136K |
| Total functional expensesLn 25 | $21.9M | $19.0M | $1.6M | $1.4M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Oct 3, 2025 | $20.3M | $20.0M | $248K | $266.5M | 990 PDF |
| FY2024 ViewingFiled with the IRS Feb 4, 2025 | $33.8M | $21.9M | $11.9M | $259.8M | 990 PDF |
| FY2023Filed with the IRS Jan 16, 2024 | $11.9M | $18.2M | −$6.3M | $225.9M | 990 PDF |
| FY2022 | $29.2M | $17.5M | $11.8M | $245.5M | 990 PDF |
| FY2021Filed with the IRS Feb 2, 2022 | $39.3M | $24.6M | $14.7M | $240.2M | 990 PDF |
Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $33,807,174 revenue, 12 lines filed
Part VI · Governance 23 of 23 board members independent, no flags
Part VIII · Statement of revenue $33,807,174 across 8 lines filed
Part IX · Statement of functional expenses $21,947,289 across 18 lines filed
Part X · Balance sheet $297,142,559 assets, 17 lines filed
Part XI · Reconciliation of net assets $259,834,894 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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