THE CLEVELAND AVENUE FOUNDATION FO… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

ELIZABETH THOMPSON

Phone

3123836681

Tax Period

2023-01-01 to 2023-12-31

THE CLEVELAND AVENUE FOUNDATION FOR EDUCATION GROUP, founded in 2020, is a mid-sized nonprofit in the Education sector that reported $11.5M in total revenue in fiscal year 2023. Revenue surged 191% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.3M, a strong 37% operating margin.

Mission

THE CAFE GROUP'S VISION IS TO PROVIDE LEADERS FROM DEVELOPING COMMUNITIES OF COLOR WITH ACCESS TO THE NECESSARY RESOURCES TO PROGRESS THROUGH LIFE FULL OF VISION, CONFIDENCE AND AGENCY.

Program Service Accomplishments

Program 1

Expenses: $6,131,236

THE CAFE GROUP HAS IDENTIFIED OPPORTUNITIES AND CREATED PROGRAMMING, TRAINING, MENTORSHIP, AND PROVIDED THE FINANCIAL RESOURCES TO SUPPORT LEADERS OF COLOR. THESE GOALS ARE ACHIEVED BY MAKING...

THE CAFE GROUP HAS IDENTIFIED OPPORTUNITIES AND CREATED PROGRAMMING, TRAINING, MENTORSHIP, AND PROVIDED THE FINANCIAL RESOURCES TO SUPPORT LEADERS OF COLOR. THESE GOALS ARE ACHIEVED BY MAKING STRATEGIC INVESTMENTS IN INDIVIDUALS AND ORGANIZATIONAL LEADERS THAT ARE ALIGNED WITH THE CAFE GROUP'S VISION FOR LARGE SCALE IMPACT THROUGH THE FOLLOWING PROGRAMMATIC INITIATIVES: LEAD SUMMER INTERNSHIP PROGRAM, THE 1954 PROJECT, AND CAFE CONVERSATIONS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $11,196,406

Program Service Revenue $0

Investment Income $178,870

Other Revenue $124,207

TOTAL REVENUE $11,499,483

Expense Breakdown

Grants Paid $5,028,528

Salaries & Benefits $909,493

Fundraising Expenses $277,376

Program Expenses $6,131,236

Other Expenses $1,309,978

TOTAL EXPENSES $7,247,999

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,499,483	$3,949,556	+1.9%
Expenses	$7,247,999	$7,412,889	0.0%
Net Income	$4,251,484	$-3,463,333	-2.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH THOMPSON	PRESIDENT	25.00	Officer Director	$0	$0	$0
LESLIE ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL ANELLO	DIRECTOR	1.00	Director	$0	$0	$0
SHAYNE EVANS	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH MCCOY	DIRECTOR	1.00	Director	$0	$0	$0
MARA BOTMAN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER WANDER	CFO	40.00	Highest	$169,148	$4,505	$173,653
REBECCA QUINCY	DIRECTOR OF STRATEGY	40.00	Highest	$113,991	$3,032	$117,023

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
2024	No data	No data	No data	No data
2023	$11,499,483	$7,247,999	$14,784,544	$4,251,484
2022	$3,949,556	$7,412,889	$10,404,641	$-3,463,333
2021	$15,309,295	$6,605,762	$12,236,345	$8,703,533

THE CLEVELAND AVENUE FOUNDATION FOR EDUCATION GROUP