German Central Foundation EIN 34-1897595 Form 990 (PDF) Claim this org

German Central Foundation FY2022 filing

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German Central Foundation is a community improvement nonprofit based in Parma, OH, formed in 1999. For fiscal year 2022 it reported $160K in revenue, $95K in expenses, and $433K in net assets.Pt I

Founded
1999
Type
Public charity (501(c)(3)) · Community Development
Location
Parma, OH
Filings
6 on file (2020–2022)
Revenue
$160KFY2022
Expenses
$95K
Net assets
$433K
People
4
Filings
6
Updates
0
More identity details & actions ⌄
EIN  34-1897595 Public charity (501(c)(3)) Parma, OH Founded 1999
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
a community improvement nonprofit
Leadership
Leonard May · President
Money in and out
$160K revenue, $95K expenses
Bottom line
7% program efficiency
Where the money goes · FY2022
Total revenue
$160K
Pt VIII · Ln 12
Total expenses
$95K
Pt IX · Ln 25
Net assets
$433K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $65K
Where spending went · Part IX cols B–D
Program services $0.07 Management & general $0.93
Program efficiency
7%
of spending reaches programs
Operating runway
37.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+41%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$160K
FY2022▲ +16%
Expenses
$95K
FY2022▼ -32%
Total assets
$434K
FY2022▲ +34%
Total liabilities
$570
FY2022
Total revenue
$160K
Pt VIII · Ln 12
Total expenses
$95K
Pt IX · Ln 25
Net assets
$433K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$65K
Total assetsPt X · Ln 16$434K
Program-expense ratioPt IX · col B7%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGerman Central Foundation
EINHdr · item D34-1897595
Principal addressHdr · item CParma, OH
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1999
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S80)
Ruling yearIRS BMFMar 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $7K of program spending, described in the organization's own filed words · FY2022.
01

German dances and holiday event activities relating to the German Culture

$7Kprogram expense

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Statement of Revenue

Part VIII
Other revenue$143K · 90%
Contributions & grants$17K · 10%
Other revenue90%$143K
Contributions & grants10%$17K
Total revenueLn 12$160K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.07 Management & general $0.93
Program services7%$7K
Management & general93%$88K
Total functional expensesLn 25$95K

Balance Sheet

Part X · end of year
CashLn 1$293K
Total assetsLn 16$434K
Total liabilitiesLn 26$570
Total net assetsLn 32$433K
Months of cash on handcomputed37.2

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $293K · Operating expenses/yr $95K
37.2 months
Where the money goes
Program services
Program services $7K · Total expenses $95K
7%
Management & General
Management & general $88K · Total expenses $95K
93%
Fundraising
Fundraising $0 · Total expenses $95K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $660 · Solicited contributions (2-yr avg) $15K
$0.04 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $17K · Total revenue $160K
10%
Government reliance
Government grants — · Total revenue $160K
Earned-income share
Program service revenue $0 · Total revenue $160K
0%
Investment reliance
Investment income $0 · Total revenue $160K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $95K
0%
Growth & trend
Revenue growth (YoY)
This year $160K · Prior year $137K
+16%
Net-asset trend (YoY)
End of year $433K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $160K · Expenses $95K
+41%
Liabilities-to-Assets
Total liabilities — · Total assets $434K
Net-asset ratio
Net assets $433K · Total assets $434K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $434K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Leonard May · Reported title President · Highest reported compensation $0 · Total expenses $95K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $30K · Total expenses $95K
32%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 7%
Overhead ratio 93%
Fundraising cost ratio 0%
Revenue growth 16%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$136K revenue · ⤓ 990 PDF
FY2024$158K revenue · ⤓ 990 PDF
FY2023$180K revenue · ⤓ 990 PDF
FY2022$160K revenue · viewing · ⤓ 990 PDF
FY2021$137K revenue · ⤓ 990 PDF
FY2020$133K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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