The Flyweight Fund
The Flyweight Fund is a private foundation, based in Bay Village, OH. IRS filing data is available from 2024 through 2025. As of 2025, the organization holds $894K in total assets. In 2025, it awarded 5 grants totaling $63K. Net investment income was $32K.
The Flyweight Fund at a glance
In short: The Flyweight Fund gave $63K across 5 grants in 2025 (avg $13K), mostly in Ohio. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $63,000
- +384.6% vs 2024
- Grants made (2025)
- 5
- +150.0% vs 2024
- Average grant
- $12,600
- +93.8% vs 2024
- Median grant
- $12,000
- Total assets
- $894,229
- -3.5% vs 2024
- Primary geography
- Ohio (98% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Flyweight Fund funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Signal Cleveland ($25K). Together the top 5 received $63K.
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 7 grants of 7 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How The Flyweight Fund gives
- In 2025 it paid out 93% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2024 to 2025, annual grant giving ranged from $13K (2024) to $63K (2025). In 2025 it made 5 grants totaling $63K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Signal Cleveland Columbus, OH | General | $25,000 |
| Focus Cleveland - St Herman House Cleveland, OH | General | $15,000 |
| Greek Garden Association of Cleveland Inc Cleveland, OH | General | $12,000 |
| The Cleveland Animal Protective League Cleveland, OH | General | $10,000 |
| International Bluegrass Music Association Nashville, TN | General | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $894,229 | $41,182 | $73,603 | $63,000 | 5 | $66,009 | $32,249 | $71,258 |
| 2024 | $926,719 | $26,251 | $19,849 | $13,000 | 2 | $13,592 | $20,493 | $64,500 |
Under IRS private-foundation payout rules, The Flyweight Fund reported a distributable amount of $71K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Flyweight Fund is led by Leon X. Zapis, President on every filing since 2024; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Leon X. Zapis
President
On filings since 2024
1 hr/week
No compensation reported
Ageleke Zapis
Vice President & Secretary
On filings since 2024
1 hr/week
No compensation reported
Richard Bongorno
Treasurer
On filings since 2024
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2024–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Flyweight Fund
How much does The Flyweight Fund give each year?
The Flyweight Fund gave $63K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $13K across 2 grants.
What is The Flyweight Fund's typical grant size?
The Flyweight Fund's median grant in 2025 was $12,000, and its average grant was $12,600, across 5 grants on its 2025 IRS Form 990-PF.
Where does The Flyweight Fund give grants?
The Flyweight Fund gives mostly in Ohio: 98% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Cleveland, OH (3 grants).
Does The Flyweight Fund give general operating support?
Yes: 100% of The Flyweight Fund's 2025 grants with a stated purpose (5 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Flyweight Fund's largest grantees?
The Flyweight Fund's largest 2025 grantees include Signal Cleveland ($25,000), Focus Cleveland - St Herman House ($15,000) and Greek Garden Association of Cleveland Inc ($12,000), according to its 2025 IRS Form 990-PF. Together they received 83% of its itemized 2025 grant dollars.
How large is The Flyweight Fund?
The Flyweight Fund reported $894K in total assets on its 2025 IRS Form 990-PF. It paid out $66K in qualifying distributions that year, against a required minimum of $71K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Flyweight Fund's EIN?
The Flyweight Fund's EIN (Employer Identification Number) is 84-3453657. IRS Form 990 filing data is available on this page for 2024–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 20, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 23, 2026)
- IRS filings on file for fiscal years 2024–2025
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