Nonprofit · EIN 34-1943092
PRESIDENTS COUNCIL FOUNDATION INC
Tax-exempt · CLEVELAND, OH 44120
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $466,001 | $685,985 | -$219,984 | $886,686 | $74,037 | $812,649 |
| December 31, 2023 | 990 | $693,263 | $594,094 | $99,169 | $1,057,028 | $466,895 | $590,133 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $464,450
- Membership dues
- $156,250
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $1,551
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $303,678
- Salaries, compensation and benefits (total)
- $348,957
- Professional fundraising fees
- $0
- Occupancy
- $24,798
- Travel
- $9,549
- Depreciation
- $1,355
- Program services (functional)
- $314,383
- Management and general (functional)
- $313,071
- Fundraising (functional)
- $58,531
Balance sheet and other
- Total assets, start of year
- $1,057,028
- Total assets, end of year
- $886,686
- Total liabilities, end of year
- $74,037
- Net assets, end of year
- $812,649
- Land, buildings and equipment
- $4,459
- Publicly traded securities
- $173
- Net assets without donor restrictions
- $477,649
- Net assets with donor restrictions
- $335,000
- Gross receipts
- $466,001
- Employees
- 8
- Year formed
- 2000
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICHOLAS PERRY | OUTGOING PRE Officer | 1 | $154,019 |
| MICHAEL BOWEN | DIRECTOR Trustee or director | 1 | $0 |
| JOESPH CHUBB | DIRECTOR Trustee or director | 1 | $0 |
| NECOLE CUMBERLANDER | DIRECTOR Trustee or director | 1 | $0 |
| TERRELL DILLARD | DIRECTOR Trustee or director | 1 | $0 |
| ANDRE GOOSBY | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN HALL | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| EDDIE TAYLOR JR | DIRECTOR Trustee or director | 1 | $0 |
| SUZANNE MIKLOS | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD PERRY | DIRECTOR Trustee or director | 1 | $0 |
| LARESE PURNELL | DIRECTOR Trustee or director | 1 | $0 |
| TAMEKA TAYLOR | SECRETARY Trustee or director, Officer | 1 | $0 |
| THOMAS WALTERMIRE | DIRECTOR Trustee or director | 1 | $0 |
| JAMIE WARDER | DIRECTOR Trustee or director | 1 | $0 |
| MARK WILLIAMS | TREASURER Trustee or director, Officer | 1 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANIELLE SYDNOR | INCOMING PRE Officer | 1 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NECOLE CUMBERLANDER | DIRECTOR Trustee or director | 1 | $0 |
| N MICHAEL OBI | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL W BOWEN | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS WALTERMIRE | DIRECTOR Trustee or director | 1 | $0 |
| JAMIE WARDER | DIRECTOR Trustee or director | 1 | $0 |
| LARESE PURNELL | DIRECTOR Trustee or director | 0 | $0 |
| JOSEPH CHUBB | DIRECTOR Trustee or director | 1 | $0 |
| TERRELL DILLARD | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD C PERRY | DIRECTOR Trustee or director | 1 | $0 |
| SUZZANNE MIKLOS | DIRECTOR Trustee or director | 1 | $0 |
| ARIANE KIRKPATRICK | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| BRIAN E HALL | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| EDDIE TAYLOR JR | DIRECTOR Trustee or director, Officer | 1 | $0 |
| MARK WILLIAMS | TREASURER Trustee or director, Officer | 1 | $0 |
| TAMEKA TAYLOR | SECRETARY Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 13815 KINSMAN RD, CLEVELAND, OH 44120-4417
- In care of
- % NICHOLAS PERRY
- Principal officer (990 for 2024)
- DANIELLE SYDNOR, 2814 DETROIT AVENUE, CLEVELAND, OH 44115
- Signed the 990
- DANIELLE SYDNOR, INCOMING PRESIDENT
- Phone
- (216) 771-8702
- Website
- THEPRESIDENTSCOUNCIL.COM
- Return prepared by
- MCMANAMON & CO LLC
Mission
AS A CATALYST OF INCLUSION THE PRESIDENTS COUNCIL SUPPORT, DEVELOPS & ADVOCATES FOR ITS REGION'S CURRENT AND FUTURE GENERATIONS
Program accomplishments
- THE PRESIDENTS' COUNCIL RECOGNIZES THAT BLACK BUSINESS GROWTH CREATES A WEALTH GENERATION MODEL THAT PROVIDES A POWERFUL IMPACT ON OUR COMMUNITY. FOSTERING THAT GROWTH THROUGH OUR EVENTS, PC SCHOLARS PROGRAM AND BUSINESS SOLUTIONS SUITE EMPOWERS BLACK BUSINESS OWNERS WITH THE KNOWLEDGE, ATTITUDES, SKILLS AND ASPIRATIONS NEEDED TO PRODUCE A POSITIVE EFFECT ON THE COMMUNITY AT LARGE.Expenses $314,383
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 34-1943092
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J22)
- Assets (IRS master file)
- $886,686
- Income (IRS master file)
- $466,001
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $466,001 | $685,985 | $886,686 | IRS |
| 990 | December 2023 | $693,263 | $594,094 | $1,057,028 | XML |
| 990 | December 2022 | $1,770,809 | $574,675 | $1,350,368 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | August 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-1943092).
Questions about PRESIDENTS COUNCIL FOUNDATION INC
- What is the EIN of PRESIDENTS COUNCIL FOUNDATION INC?
- The employer identification number (EIN) of PRESIDENTS COUNCIL FOUNDATION INC is 34-1943092.
- Is PRESIDENTS COUNCIL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to PRESIDENTS COUNCIL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PRESIDENTS COUNCIL FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PRESIDENTS COUNCIL FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PRESIDENTS COUNCIL FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PRESIDENTS COUNCIL FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names DANIELLE SYDNOR.
- Who are the officers and directors of PRESIDENTS COUNCIL FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 1 received compensation from the organization, the highest $154,019 (NICHOLAS PERRY, OUTGOING PRE).
- How much revenue does PRESIDENTS COUNCIL FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $466,001, expenses of $685,985 and total assets of $886,686 at year end.
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