FUND FOR OUR ECONOMIC FUTURE OF NORTHEAST OHIO Charity Report

Public IRS 990 nonprofit record

FUND FOR OUR ECONOMIC FUTURE OF NORTHEAST OHIO

EIN 27-0606927 · Fund Raising & Fund Distribution - Community Improvement (S12)

What they do

THE FUND for OUR ECONOMIC FUTURE is A CREATIVE SPACE for PHILANTHROPIC FUNDERS and CIVIC LEADERS to EXPLORE WHAT MATTERS and IMPLEMENT WHAT WORKS to ACHIEVE EQUITABLE ECONOMIC GROWTH, EMPHASIZING SYSTEMIC, LONG-TERM CHANGE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $89.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders34 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

118.42%of revenue went to mission work89.7% of expenses · Program services

4.62%of revenue went to fundraising3.5% of expenses

$132.07spent for every $100 of revenueSpending was higher than revenue this year.

9.04%of revenue went to management and office costs6.8% of expenses

$0.95in assets for every $1 spent this yearSome assets cannot be spent right away.

94.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $1,562,125 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $305,998 for BETHIA CULLIS AKA BURKE (PRESIDENT AND CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$4,870,990

Mission workProgram services$5,767,985118.42% of revenue89.7% of expenses

ManagementOffice and general costs$440,0999.04% of revenue6.8% of expenses

FundraisingAsking for donations$225,0314.62% of revenue3.5% of expenses

Total expenses$6,433,115132.07% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 89.7% mission · 6.8% management · 3.5% fundraisingTotal expenses: 132.07% of revenue

2023Expense mix: 91.4% mission · 6.4% management · 2.2% fundraisingTotal expenses: 126.85% of revenue

2022Expense mix: 92.0% mission · 5.8% management · 2.2% fundraisingTotal expenses: 90.63% of revenue

2021Expense mix: 85.3% mission · 9.9% management · 4.8% fundraisingTotal expenses: 107.07% of revenue

2020Expense mix: 90.8% mission · 6.0% management · 3.2% fundraisingTotal expenses: 216.93% of revenue

2019Expense mix: 91.0% mission · 6.1% management · 3.0% fundraisingTotal expenses: 79.15% of revenue

2018Expense mix: 89.0% mission · 7.3% management · 3.7% fundraisingTotal expenses: 45.78% of revenue

2017Expense mix: 84.8% mission · 9.1% management · 6.1% fundraisingTotal expenses: 230.75% of revenue

Money in and money out

Revenue$4,870,990

Expenses$6,433,115

Annual shortfall $1,562,125 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$5,767,985 · 89.7% of expenses

Management and office costs$440,099 · 6.8% of expenses

Fundraising$225,031 · 3.5% of expenses

See all reported dollar amounts

Revenue$4,870,990

Expenses$6,433,115

Assets$6,083,404

Income$4,870,990

Contributions$4,587,353

Mission work (program services)$5,767,985

Fundraising$225,031

Grants given$16,759,555

Average grant$186,217

Management and general$440,099

Executive compensation (total)$555,736

Stocks and bonds$5,227,023

Accounting fees$37,767

Investing fees$12,608

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

BETHIA CULLIS AKA BURKEPRESIDENT AND CEO · 38 hrs/week $305,998Base $283,306 · Other $22,692

JOAN CHASESENIOR DIRECTOR OF STRATEG · 38 hrs/week $198,066Base $177,326 · Other $20,740

JEFFERY SLEASMANDIRECTOR OF APPLIED RESEAR · 38 hrs/week $180,150Base $179,250 · Other $900

ANGELICA DANDRIDGEDIRECTOR OF OPERATIONS · 38 hrs/week $152,799Base $143,584 · Other $9,215

BISHARA ADDISONDIRECTOR OF WORKFORCE OPER · 38 hrs/week $134,288Base $125,073 · Other $9,215

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (34)

BETHIA CULLIS AKA BURKEPRESIDENT AND CEO

JOAN CHASESENIOR DIRECTOR OF STRATEG

JEFFERY SLEASMANDIRECTOR OF APPLIED RESEAR

ANGELICA DANDRIDGEDIRECTOR OF OPERATIONS

BISHARA ADDISONDIRECTOR OF WORKFORCE OPER

PETER WHITTTRUSTEE

JOHN PETURESTRUSTEE

KAREN HOOSERTRUSTEE

MARCUS MADISONAT LARGE TRUSTEE

MARK SAMOLCZYKSTRATEGY CHAIR

MEREDITH GADSBYTRUSTEE

NICK TURNERTRUSTEE

PAUL HERDEGTRUSTEE

VIKKI BROERCHAIR

PHOEBE LEEFIRST VC

RICARDO LEONEVALUATION CHAIR

TREVELLE HARPTRUSTEE

TREYE JOHNSONTRUSTEE

VICTOR RUIZTRUSTEE

ADAM BRIGGSDEVELOPMENT CHAIR

JESSICA COLOMBITRUSTEE

GRETCHEN LONGTRUSTEE

GINA CHEVERINETRUSTEE

FALLON PETERSONTRUSTEE

EMILY THOMETRUSTEE

DR MARCIA BALLINGERTRUSTEE

DERYCK TOLESTRUSTEE

DAVID FORDTRUSTEE

DAN HAMPUTRUSTEE

CINDY ANDREWSNOMINATING & PERS. CHAIR

CHRISTINE MAYERSECOND VC

CATHY BELKSECRETARY

BILL SEELBACHTRUSTEE

ALISON HAWKINSONTREASURER, FINANCE

About this charity

Recognized since: January 2009
Location: 4415 EUCLID AVE STE 203, CLEVELAND, OH 44103-3758
County: Cuyahoga
In care of: % BETHIA CULLIS BURKE
Primary officer: BETHIA CULLIS AKA BURKE, PRESIDENT AND CEO

How to reach them

WebsiteVisit the charity’s website Emailinfo@thefundneo.org Phone(216) 456-9800

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: MALONEY NOVOTNY LLC
NTEE classification: Fund Raising & Fund Distribution - Community Improvement (S12)
IRS tax category: Fund Raising & Fund Distribution
Grant-giving organization: Yes