Linda & Denis Cronin Foundation Inc
- Assets
- $1.7m
- Revenue
- $56.6k
- Investments
- $781.2k
- Employees
- 0
- Location
- Manhasset, NY
- Founding
- 08/1980
- Data as of
- 03/2024
- EIN
- 11-2537407
Organization Overview
Linda & Denis Cronin Foundation Inc is located in Manhasset, NY. The organization was established in 1980. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Linda & Denis Cronin Foundation Inc 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 03/2024, Linda & Denis Cronin Foundation Inc generated $56.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (56.0%) each year. All expenses for the organization totaled $435.9k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Linda & Denis Cronin Foundation Inc has awarded 78 individual grants totaling $1,621,100. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denis F Cronin Pres./dir. | 8 | $0 | |
Linda L Cronin Treas./dir. | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $44,435 |
| Dividends & Interest | $12,145 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $56,580 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $250 |
| Contributions, gifts, grants paid | $435,600 |
| Total expenses and disbursements | $435,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,608 |
| Savings and temporary cash investments | $820,823 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,654,605 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Linda & Denis Cronin Foundation Inc has awarded $435,600 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ST MARY'S CHURCH PURPOSE: UNRESTRICTED GIFT | $5,000 |
LONG ISLAND ALZHEIMER'S & DEMENTIA CENTER PURPOSE: UNRESTRICTED GIFT | $10,000 |
NORTH SHORE CHILD & FAMILY GUIDANCE CENTER PURPOSE: UNRESTRICTED GIFT | $5,000 |
THE RAMAZ SCHOOL PURPOSE: UNRESTRICTED GIFT | $2,500 |
INNER CITY SCHOLARSHIP FUND PURPOSE: SCHOLARSHIP FUND | $5,000 |
BENEDECTINE NUNS OF KYLEMORE ABBEY PURPOSE: NEW MONASTERY BLDG. | $10,000 |