Nonprofits›Western Reserve Community Fund Inc

Community Improvement & Capacity Building

Western Reserve Community Fund Inc

AKRON, OH

WebsiteView as a funder

Total revenue

$2.5M

Total expenses

$1.6M

Net assets

$9.1M

Grants received

$3.2M

12 grants

EIN

833858451

Tax year

2024

Mission

Organized to support and further community development and job creation in the state of ohio.

Financials

FY 2024

Revenue

Contributions & grants$2.1M
Program service revenue$321K
Investment income—
Other revenue$89K
Total revenue$2.5M

Expenses

Grants paid$290K
Salaries & benefits—
Fundraising—
Other expenses$1.3M
Total expenses$1.6M
Total assets$12.7M
Net assets$9.1M

People

10 listed

NameRoleCompensation

ERIN WOJNO

PRESIDENT

Board

—

1 hrs/wk

MELISSA FRANK

VICE PRESIDENT

Board

—

1 hrs/wk

RENAYE BRAUNING

TREASURER

Board

—

1 hrs/wk

JOHN WILLIAMS

SECRETARY

Board

—

1 hrs/wk

JESSICA SUBLETT

MEMBER

Board

—

1 hrs/wk

ROBERT DEJOURNETT

MEMBER

Board

—

1 hrs/wk

RACHEL BRIDENSTINE

EXECUTIVE DIRECTOR

Board

—

16 hrs/wk

CHAD MAYLE

CFO

Board

—

12 hrs/wk

JESSICA MCRITCHIE

COO

Board

—

12 hrs/wk

LORI SALLAZ

MANAGER, BOND FINANCE

Board

—

12 hrs/wk

Grants received

Showing 12 of 12

FromAmountPurposeYear
BURTON D MORGAN FOUNDATION INC
$200K
TO SUPPORT BUSINESS LENDING IN NORTHEAST OHIO
2024
DEVELOPMENT FUND OF WESTERN RESERVE INC
$200K
THE GRANT FUNDS SHALL BE USED TO HELP FINANCE PROJECTS ORGANIZED TO SUPPORT FURTHER ECONOMIC DEVELOPMENT AND JOB CREATION IN NORTHEAST OHIO.
2024
SERGEY BRIN FAMILY FOUNDATION
$750K
SUPPORT FOR THE AKRON RESILIENCY FUND
2023
DEVELOPMENT FUND OF WESTERN RESERVE INC
$555K
THE GRANT FUNDS SHALL BE USED TO HELP FINANCE PROJECTS ORGANIZED TO SUPPORT FURTHER ECONOMIC DEVELOPMENT AND JOB CREATION IN NORTHEAST OHIO.
2023
BURTON D MORGAN FOUNDATION INC
$200K
TO SUPPORT THE EXEMPT PURPOSE OF ORGANIZATION
2023
DEVELOPMENT FUND OF WESTERN RESERVE INC
$210K
THE GRANT FUNDS SHALL BE USED TO HELP FINANCE PROJECTS ORGANIZED TO SUPPORT FURTHER ECONOMIC DEVELOPMENT AND JOB CREATION IN NORTHEAST OHIO.
2022
BURTON D MORGAN FOUNDATION INC
$200K
Exempt purpose of organization
2022
AKRON COMMUNITY FOUNDATION
$10K
FOR GENERAL OPERATING SUPPORT
2022
AKRON COMMUNITY FOUNDATION
$10K
FOR GENERAL OPERATING SUPPORT
2021
DEVELOPMENT FUND OF WESTERN RESERVE INC
$360K
$100,000 OF GRANTS SHALL BE USED BY THE ENTITY TO SERVE AS ITS LOAN LOSS RESERVE. THE REMAINING GRANT FUNDS SHALL BE USED TO HELP FINANCE PROJECTS ORGANIZED TO SUPPORT FURTHER ECONOMIC DEVELOPMENT AND JOB CREATION IN NORTHEAST OHIO.
2020
COMMUNITY REINVESTMENT FUND INC
$8K
GENERAL SUPPORT
2020
DEVELOPMENT FUND OF WESTERN RESERVE INC
$470K
TO CAPITALIZE THE NEWLY CREATED ENTITY TO APPLY TO BECOME A COMMUNITY DEVELOPMENT FINANCE INSTITUTION IN ORDER TO SERVE LOW-INCOME COMMUNITIES OR LOW-INCOME PERSONS AND DELIVER GREATER DEVELOPMENT FINANCING RESOURCES TO DISTRESSED AREAS OF NORTHEAST OHIO.
2019

Funded by

$3.2M from 5 funders · 12 grants · 2019–2024

Development Fund Of Western Reserve Inc

$1.8M · 5 grants · 2019–2024

Sergey Brin Family Foundation

$750K · 1 grant · 2023

Burton D Morgan Foundation Inc

$600K · 3 grants · 2022–2024

Akron Community Foundation

$20K · 2 grants · 2021–2022

Community Reinvestment Fund Inc

$8K · 1 grant · 2020

Details

EIN833858451
NTEE codeS20
Subsection03
Ruling date2019-10
Formed2019
Employees0
Volunteers6
WESTERN RESERVE COMMUNITY FUND INC — Mission, Financials & Grants Received | Grantivo