Euclid Schools Foundation: FY2021 Nonprofit Profile & Form 990 (EIN 34-1689047)

Revenue by fiscal year
FY2020	$241K
FY2021	$202K
FY2022	$2.1M
FY2023	$167K
FY2024	$592K
FY2025	$391K

Expenses by fiscal year
FY2020	$34K
FY2021	$194K
FY2022	$100K
FY2023	$193K
FY2024	$204K
FY2025	$313K

Net assets by fiscal year
FY2020	$6.6M
FY2021	$7.6M
FY2022	$7.6M
FY2023	$8.5M
FY2024	$10.5M
FY2025	$11.5M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1991.

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

Where the money goes

81 cents of each dollar spent went to programs.

81%

19%

Program services 81% · $156K Management & general 19% · $38K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Anthony Basalla

President

$0Pt VII · Sec A

Greg Fondran

Vice President

$0Pt VII · Sec A

Louis Loparo

Treasurer

$0Pt VII · Sec A

Howard Drake

Secretary

$0Pt VII · Sec A

Chris Papouras

Trustee

$0Pt VII · Sec A

Karen Connavino

Trustee

$0Pt VII · Sec A

Beth Steele Radisek

Trustee

$0Pt VII · Sec A

Patrick Delaney

Trustee

$0Pt VII · Sec A

See Euclid Schools 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 15aNo

Programs and updates

Provides private financial support for Euclid City Schools and students through scholarships and project funding.

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Provided by the organization

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1 program · $156K · in their own filed words · FY2020

01

To grant college scholarships to high school graduating seniors of euclid high school

$156Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking

Grants paid · 11 grants · $805K · 2019–2024

Euclid High SchoolFY2024$216,407

Unitemized GrantFY2024$39,500

Euclid High SchoolFY2023$123,961

Unitemized GrantFY2023$36,000

Euclid High SchoolFY2022$120,213

Unitemized GrantFY2022$32,500

Unitemized GrantFY2021$35,564

Euclid High SchoolFY2021$31,727

Euclid High SchoolFY2020$120,000

Unitemized GrantFY2020$36,500

Unitemized GrantFY2019$12,500

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$202K

Ln 12

Investment incomeLn 3$167K

Gifts and grantsLn 1h$35K

Money outPt IX

$194K

Ln 25

Programscol B$156K

Managementcol C$38K

Owns and owesPt X

$7.6M

net assets · Ln 32

Cash and savingsLn 1–2$4K

Total assetsLn 16$7.6M

LiabilitiesLn 26$0

PeoplePt VI, VII

13

listed · VII A

PaidVII A0

Voting boardVI 1a13

IndependentVI 1b13

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$35K

Investment incomeLn 3$167K

Gains on assetsLn 7$57K

Total revenueLn 12$202K

Assets in detailPt X, end of year

CashLn 1$4K

Cash and savings togetherLn 1–2$4K

InvestmentsLn 11–13$7.6M

Total assetsLn 16$7.6M

LiabilitiesLn 26$0

Net assetsLn 32$7.6M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderSeptember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$4K	$4K
InvestmentsLn 11–13	$6.6M	$7.6M
Total assetsLn 16	$6.6M	$7.6M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$6.6M	$7.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$120K	$120K
Grants to domestic individualsLn 2	$36K	$36K
Legal feesLn 11b	$10K		$10K
Investment management feesLn 11f	$26K		$26K
Other expenses (24a–d)Ln 24	$1K		$1K
Total functional expensesLn 25	$194K	$156K	$38K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$391K	$313K	$78K	$11.5M	990 PDF
FY2024	$592K	$204K	$388K	$10.5M	990 PDF
FY2023	$167K	$193K	−$27K	$8.5M	990 PDF
FY2022	$2.1M	$100K	$2.0M	$7.6M	990 PDF
FY2021 Viewing	$202K	$194K	$8K	$7.6M	990 PDF
FY2020	$241K	$34K	$207K	$6.6M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2021 990 (6 parts)

Part I · Summary $202,397 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $165,000$35,093

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $75,973$167,304

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $240,973$202,397

I-13 Grants and similar amounts paidPrior year $12,500$156,500

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

I-15 Salaries and benefitsPrior year $0$0

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

I-17 Other expensesPrior year $21,741$37,608

I-18 Total expensesPrior year $34,241$194,108

I-19 Revenue less expensesPrior year $206,732$8,289

Part VI · Governance 13 of 13 board members independent, 3 to look at

VI-1a Voting members of the governing body13

VI-1b Independent voting members13

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

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

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $202,397 across 5 lines filed

VIII-1f All other contributions, gifts and grants$35,093

VIII-1h Total contributions, gifts and grants$35,093

VIII-3 Investment incomeExcluded from tax $110,133$110,133

VIII-7 Net gain or loss on sales of assetsExcluded from tax $57,171$57,171

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $167,304$202,397

Part IX · Statement of functional expenses $194,108 across 5 lines filed

IX-1 Grants to domestic organizationsPrograms $120,000$120,000

IX-2 Grants to domestic individualsPrograms $36,500$36,500

IX-11b Legal feesManagement $10,479$10,479

IX-11f Investment management feesManagement $26,129$26,129

IX-24 Other expenses (24a–d)Management $1,000$1,000

IX-25 Total functional expensesPrograms $156,500 · Management $37,608 · Fundraising $0$194,108

Part X · Balance sheet $7,648,865 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $3,905$3,905

X-11 Publicly traded securitiesStart of year $6,570,371$7,644,960

X-16 Total assetsStart of year $6,574,276$7,648,865

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $6,348,412$7,423,351

X-28 Net assets with donor restrictionsStart of year $225,864$225,514

X-32 Total net assets or fund balancesStart of year $6,574,276$7,648,865

X-33 Total liabilities and net assetsStart of year $6,574,276$7,648,865

Part XI · Reconciliation of net assets $7,648,865 net assets at year end

XI-1 Total revenue$202,397

XI-2 Total expenses$194,108

XI-3 Revenue less expenses$8,289

XI-4 Net assets at start of year$6,574,276

XI-5 Net unrealized gains (losses) on investments$1,066,300

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$7,648,865

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Euclid Schools Foundation FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Euclid Schools Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV