Strong-Cuevas Foundation Inc
- Assets
- $5.5m
- Revenue
- $3.1m
- Investments
- $5.3m
- Employees
- 0
- Location
- Lynbrook, NY
- Founding
- 08/1995
- Data as of
- 09/2023
- EIN
- 13-3818287
Organization Overview
Strong-Cuevas Foundation Inc is located in Lynbrook, NY. The organization was established in 1995. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Strong-Cuevas 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 09/2023, Strong-Cuevas Foundation Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 55.1% each year . All expenses for the organization totaled $316.9k during the year ending 09/2023. While expenses have increased by 6.4% per year over the past 7 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.
Since 2015, Strong-Cuevas Foundation Inc has awarded 85 individual grants totaling $1,225,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Carmichael President (eff. April 11,2023) | 2 | $0 | |
Peder C Johnson CFA Treasurer | 1 | $0 | |
Alice B Stock Secretary, Vice-President | 1 | $0 | |
Elizabeth DE Cuevas President (ending April 11,2023) | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $310,250 |
| Interest on Savings | $0 |
| Dividends & Interest | $65,721 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,765,021 |
| Capital Gain Net Income | $2,765,021 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,140,992 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $39,006 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,187 |
| Total operating and administrative expenses | $74,443 |
| Contributions, gifts, grants paid | $242,500 |
| Total expenses and disbursements | $316,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,134 |
| Savings and temporary cash investments | $102,946 |
| 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 | $5,495,302 |
| 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 | $29,220 |
| Total liabilities | $29,220 |
Grants Awarded
Over the last fiscal year, Strong-Cuevas Foundation Inc has awarded $242,500 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CIVIL LIBERTIES UNION PURPOSE: EDUCATION OF THE PUBLIC CONCERNING THE ARTS | $7,500 |
BRAILLE INSTITUTE OF AMERICA PURPOSE: EDUCATION OF THE PUBLIC CONCERNING THE ARTS | $7,500 |
BROOKLYN ACADEMY OF MUSIC PURPOSE: EDUCATION OF THE PUBLIC CONCERNING THE ARTS | $12,500 |
CARNEGIE HALL SOCIETY PURPOSE: EDUCATION OF THE PUBLIC CONCERNING THE ARTS | $12,500 |
CITY HARVEST PURPOSE: EDUCATION OF THE PUBLIC CONCERNING THE ARTS | $7,500 |
DRUG POLICY ALLIANCE PURPOSE: EDUCATION OF THE PUBLIC CONCERNING THE ARTS | $7,500 |