Lake Geauga Educational Assistance Foundation

EIN: 341640416 501(c)(3) Education

Kirtland, OH

Total Revenue
$480,156
Total Expenses
$432,278
Total Assets
$365,512
Net Assets
$313,910
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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
OH
Principal Officer
Patricia Egan
Phone
4405257095
Tax Period
2022-07-01 to 2023-06-30

Lake Geauga Educational Assistance Foundation, founded in 1989, is a small nonprofit in the Education sector that reported $480K in total revenue in fiscal year 2022. Revenue decreased 18% compared to the prior year. Expenses of $432K left a modest 10% surplus.

Mission

LEAF empowers learners to plan for their future through career, education, and financial aid advisory services.

Program Service Accomplishments

Program 1
Expenses: $269,138 Revenue: $220,268

LEAF serves 22 schools (16,000+) students in Lake, Geauga, Cuyahoga, and Portage Counties. Advisory services include: career exploration; college/career technical education program search...

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LEAF serves 22 schools (16,000+) students in Lake, Geauga, Cuyahoga, and Portage Counties. Advisory services include: career exploration; college/career technical education program search; understanding the college admission process; fee waivers for admission applications and SATs/ACTs; understanding the financial aid process; filing the FAFSA form; completion of other financial aid documents, such as the CCS Profile, institutional forms, and change of circumstance forms; scholarship search; understanding education funding options, including student loans; interpreting financial aid offers. LEAF also publishes the Resource Guide for Pathway Success; Junior, Senior, and Career Leaflets; and 16 e-newsletters that are grade specific. Publications are directed to contract school constituencies only. Advisors meet individual students and families at the high school, virtually, or at the Resource Center. They also facilitate in-school presentations, a Financial Aid Night, and often a Financial Aid Filing Night, which assists in filing the FAFSA form.

Program 2
Expenses: $62,250 Revenue: $9,100

SCHOLARSHIP MANAGEMENT: LEAF MANAGES AND ADMINISTERS SCHOLARSHIPS FOR SEVERAL THIRD-PARTY ORGANIZATIONS (KNOWN AS COMMUNITY SCHOLARSHIPS). THESE COMMUNITY SCHOLARSHIPS ARE FUNDED BY THE CLEVELAND...

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SCHOLARSHIP MANAGEMENT: LEAF MANAGES AND ADMINISTERS SCHOLARSHIPS FOR SEVERAL THIRD-PARTY ORGANIZATIONS (KNOWN AS COMMUNITY SCHOLARSHIPS). THESE COMMUNITY SCHOLARSHIPS ARE FUNDED BY THE CLEVELAND FOUNDATION HARRIET B. STORRS FUND, THE CLEVELAND FOUNDATION WILLIS KELLY SCHOLARSHIP FUND, WILLOUGHBY SOUTH ALUMNI, WESTERN RESERVE JUNIOR LEAGUE, ABB, EASTERN LAKE COUNTY CHAMBER OF COMMERCE, ERIE AFFILIATES, AND THREE MEMORIAL FUNDS. LEAF CHARGES A NOMINAL ADMINISTRATIVE FEE TO MANAGE THESE SCHOLARSHIPS. IN ADDITION, LEAF MANAGES AND ADMINISTERS SCHOLARSHIPS THAT ARE FUNDED BY OUR OWN DONORS AND FUNDRAISING EFFORTS.

Program 3
Revenue: $19,700

The Resource Center, located at the LEAF offices in Kirtland, offers the same services identified above to learners and their families at no charge. Services are offered by appointment during limited...

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The Resource Center, located at the LEAF offices in Kirtland, offers the same services identified above to learners and their families at no charge. Services are offered by appointment during limited times, both in person and virtually. The Resource Center also offers virtual sessions, typically on Monday nights during the school year, on a variety of topics that include career options, such as the trades, manufacturing, certificate education, and the military, as well as other topics such as Scholarships 101, Financing your Education, and how colleges recruit athletes. Each session has a subject expert, or a panel of subject experts facilitated by LEAF staff. Attendance varies by topic. Registration is required and those who register can request a video of the session. All sessions are open to the community at large.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $204,512
Program Service Revenue $268,398
Investment Income $182
Other Revenue $7,064
TOTAL REVENUE $480,156

Expense Breakdown

Grants Paid $62,250
Salaries & Benefits $288,701
Fundraising Expenses $36,875
Program Expenses $331,388
Other Expenses $81,327
TOTAL EXPENSES $432,278

Year-over-Year Comparison

2022 2021 Change
Revenue $480,156 $586,976 -0.2%
Expenses $432,278 $481,719 -0.1%
Net Income $47,878 $105,257 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
14
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$84,050
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Patricia G Eagen Executive Director 40.0
Officer
$80,348 $0 $80,348
Dr Trista Warren Executive Director 40.0
Officer
$3,594 $108 $3,702
Keith Hohman President 5.0
Officer Director
$0 $0 $0
Megan Krippel Vice President 5.0
Officer Director
$0 $0 $0
Hallie Pallante Treasurer 5.0
Officer Director
$0 $0 $0
Jacqueline Sherry Secretary 5.0
Officer Director
$0 $0 $0
Amy Capitena-DuFour Director 2.0
Director
$0 $0 $0
Linda Mangosh Director 2.0
Director
$0 $0 $0
Robert Malinowski Director 2.0
Director
$0 $0 $0
Anthony Podojil Director 2.0
Director
$0 $0 $0
Tamee Tucker Director 2.0
Director
$0 $0 $0
Brandon Robinson Director 2.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $480,156 $432,278 $365,512 $47,878
2022 $586,976 $481,719 $301,055 $105,257
2021 $440,578 $416,810 $203,478 $23,768
2020 $407,443 $415,807 $186,131 $-8,364
2019 $256,646 $360,934 $143,246 $-104,288
2018 $419,188 $379,668 $249,332 $39,520
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