Cunningham Foundation
- Assets
- $2.1m
- Revenue
- $1.3m
- Investments
- $171.9k
- Employees
- 73
- Location
- Milton, MA
- Founding
- 11/1943
- Data as of
- 12/2023
- EIN
- 04-2104047
Organization Overview
Cunningham Foundation is located in Milton, MA. The organization was established in 1943. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Cunningham Foundation employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cunningham Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Cunningham Foundation generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 4.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF PLAYGROUND, PARK, SWIMMING POOL & RECREATION AREAS FOR THE RESIDENTS OF MILTON, MA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PLAYGROUND, PARK, SWIMMING POOL AND RECREATIONAL AREAS FOR THE BENEFIT OF THE RESIDENTS OF THE TOWN OF MILTON, MASSACHUSETTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Will Chairman, Director | OfficerTrustee | 2 | $0 |
Adam Sholley Clerk, Director | OfficerTrustee | 2 | $0 |
Edward Corcoran Director | Trustee | 0.5 | $0 |
Meredith Hall Director | Trustee | 0.5 | $0 |
Martin J Henry Director | Trustee | 0.5 | $0 |
Jane Hodgman Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,075,034 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,075,334 |
| Total Program Service Revenue | $187,749 |
| Investment income | $3,992 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,581 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,286,656 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $120,430 |
| Compensation of current officers, directors, key employees. | $120,430 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $612,809 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $59,461 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,500 |
| Fees for services: Accounting | $13,994 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $445 |
| Advertising and promotion | $0 |
| Office expenses | $11,851 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,799 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $477 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $135,073 |
| Insurance | $132,517 |
| All other expenses | $29,088 |
| Total functional expenses | $1,370,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,280 |
| Savings and temporary cash investments | $71,879 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,384 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $662 |
| Net Land, buildings, and equipment | $1,789,205 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $171,885 |
| Investments—program-related | $0 |
| Intangible assets | $22,737 |
| Other assets | $0 |
| Total assets | $2,111,032 |
| Accounts payable and accrued expenses | $31,858 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,087 |
| Total liabilities | $54,945 |
| Net assets without donor restrictions | $2,056,087 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,111,032 |