Cleveland State University Foundation
Cleveland State University Foundation reported $23.9 million in revenue and $16.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $93.06 went to program services, $5.74 to management and general costs and $1.20 to fundraising. Its largest source of revenue was contributions and grants: 64.7% of the total. The highest compensation it reported for one person was $323,825 (EXECUTIVE DIRECTOR). Revenue rose 109% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $16MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $24MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 93.1% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 5.7% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.2% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 64.7% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.3% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $323,825 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.01% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 125.3 | 13.3 |
| Independent voting board members Part VI 1a–1b | 29 of 29 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseIn fiscal year 2025 the foundation received $14.9 million in new gifts and pledges, including $7 million for scholarships. Gifts received by the foundation fall into two basic categories; restricted and unrestricted. Unrestricted gifts may be used for university priorities, programs and services not supported by state funds, endowment income, or other sources. Most gifts received are restricted for specific purposes as directed by the donors, the foundation, and the university. For example, restricted gifts can be directed to a specified academic department, scholarship, etc. Whether…
The cleveland schools book fund is an endowment within the college of education and managed by the Cleveland State University Foundation as part of the overall investment portfolio. Oversight is provided by a board comprised of both csu and non-csu members.the cleveland schools book fund helps students develop reading skills for academic life success and over the past 10 years has grown to more than $6 million. The fund has helped children in the cleveland metropolitan schools become better readers and citizens by providing each pre-k to fourth grade classroom with a library of high-quality…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR Officer, 10.00 hrs/week | $0 | $283,866 | $39,959 | $323,825 |
0 people received more than $100,000 in reportable compensation from Cleveland State University Foundation (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b29 · 29 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 50
- Volunteers Part I, line 637
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| ERNST & YOUNG LLP Consulting services | $290,390 |
| AGB CONSULTING Consulting services | $140,000 |
| CLEARSTEAD ADVISORS Investment consultants | $117,990 |
Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.
Private foundation grants it received
25 private foundations reported grants to Cleveland State University Foundation totaling $1.5M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Cleveland State University Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Cleveland State University Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Cleveland State University Foundation spent in FY2025, $93.06 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- The Prairie SchoolRacine, WI · revenue $24M · programs 81.2% · FY2025
- Pittsburgh Technical InstituteOakdale, PA · revenue $24M · programs 69.3% · FY2023
- Individual Education Plan AcademyKissimmee, FL · revenue $24M · programs 91.8% · FY2025
- The Barstow SchoolKansas City, MO · revenue $24M · programs 64.6% · FY2025
- Community Partnership for Child DevelopmentColorado Springs, CO · revenue $24M · programs 91.5% · FY2025
Questions people ask
How much of Cleveland State University Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, Cleveland State University Foundation reported that 93.1% of its $16.1 million in expenses went to program services, 5.7% to management and general and 1.2% to fundraising (Form 990, Part IX).
How much does Cleveland State University Foundation pay its top executive?
The largest total compensation Cleveland State University Foundation reported for one person in the fiscal year ending June 30, 2025 was $323,825, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Cleveland State University Foundation get its money?
Of $23.9 million in revenue in the fiscal year ending June 30, 2025, 64.7% came from contributions and grants and 0.3% from program service revenue (Form 990, Part VIII).
Is Cleveland State University Foundation a registered charity?
The IRS lists EIN 34-1316665 as a 501(c)(3) organization (organization operated for a governmental college or university), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601329349303980 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521279349302382 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421169349301537 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331329349303493 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231229349302053 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101029349301050 · read the filing
All filings for EIN 34-1316665: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.