William E Cross Foundation Inc
- Assets
- $7.6m
- Revenue
- $339.3k
- Investments
- $7.4m
- Employees
- 0
- Location
- Frederick, MD
- Founding
- 07/2004
- Data as of
- 12/2023
- EIN
- 20-1220528
Organization Overview
William E Cross Foundation Inc is located in Frederick, MD. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. William E Cross 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 12/2023, William E Cross Foundation Inc generated $339.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (20.8%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, William E Cross Foundation Inc has awarded 378 individual grants totaling $10,308,224. 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 |
|---|---|---|---|
Donald C Linton President/dire | 5 | $73,597 | |
Rebecca Linton Treasurer/direc | 2 | $33,000 | |
David Linton Vice-President/direc | 2 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $154,732 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $184,533 |
| Capital Gain Net Income | $184,533 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $339,265 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $108,097 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,037 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $58,712 |
| Total operating and administrative expenses | $184,838 |
| Contributions, gifts, grants paid | $1,319,056 |
| Total expenses and disbursements | $1,503,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,593 |
| Savings and temporary cash investments | $54,061 |
| 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 | $7,380,144 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,787 |
| Total assets | $7,576,964 |
| 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, William E Cross Foundation Inc has awarded $1,319,056 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
ADVOCATES FOR THE AGING PURPOSE: FOR PROGRAM SERVICES | $5,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: FOR PROGRAM SERVICES | $2,500 |
CALVARY UNITED METHODIST CHURCH PURPOSE: FOR PROGRAM SERVICES | $2,000 |
BRETHREN DISASTER MINISTRIES PURPOSE: FOR PROGRAM SERVICES | $25,000 |
CASA OF FREDERICK COUNTY PURPOSE: FOR PROGRAM SERVICES | $2,000 |
CELEBRATE FREDERICK PURPOSE: FOR PROGRAM SERVICES | $5,000 |