Cs Foundation Inc
- Assets
- $44.4m
- Revenue
- $7.5m
- Investments
- $35.7m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 11/2007
- Data as of
- 12/2021
- EIN
- 20-5862864
Organization Overview
Cs Foundation Inc is located in Atlanta, GA. The organization was established in 2007. 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. Cs 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 12/2021, Cs Foundation Inc generated $7.5m in total revenue. All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 83.8% 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 2016, Cs Foundation Inc has awarded 153 individual grants totaling $9,222,102. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTION TO UNIVERSITY OF TN-JOHN TUMMINS SCHOLARSHIP
CONTRIBUTION TO EMORY WINSHIP CANCER INSTITUTE
CONTRIBUTION TO CITY FIELDS
CONTRIBUTION TO UNIVERSITY OF TENNESSEE CARLOS AND WINNIE SIMPSON SCHOLARSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Simpson President, Director | 0 | $0 | |
Larry Ray Eskew Treasurer, Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,919,076 |
| Interest on Savings | $119,188 |
| Dividends & Interest | $630,360 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,429,196 |
| Capital Gain Net Income | $1,427,465 |
| Net ST Capital Gain | $1,731 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,026,096 |
| Total Revenue | $7,490,735 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,654 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,322 |
| Total operating and administrative expenses | $18,606 |
| Contributions, gifts, grants paid | $2,540,500 |
| Total expenses and disbursements | $2,559,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,902,589 |
| Savings and temporary cash investments | $0 |
| 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 | $2,559,546 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $4,283,598 |
| Investments—mortgage loans | $0 |
| Investments—other | $35,673,932 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $44,419,665 |
| 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, Cs Foundation Inc has awarded $2,540,500 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
WINSHIP CANCER INSTITUTE OF EMORY UNIVERSITY PURPOSE: CHARITABLE | $500,000 |
UNIVERSITY OF TN-JOHN TUMMINS SCHOLARSHIP NON-ENDOWED PURPOSE: CHARITABLE | $325,000 |
CARLOS & WINNIE SIMPSON NONENDOWED SCHOLARSHIP PURPOSE: CHARITABLE | $325,000 |
UNIVERSITY OF TN-JOHN TUMMINS SCHOLARSHIP PURPOSE: CHARITABLE | $300,000 |
CITY FIELDS (FORMERLY THE REFUGE) PURPOSE: CHARITABLE | $300,000 |
SALVATION ARMY PURPOSE: CHARITABLE | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Drs Bruce & Lee Foundation Florence, SC | $254,078,574 | $12,559,871 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Mary Reynolds Babcock Foundation Incorporated Winstonsalem, NC | $253,832,619 | $55,868,843 |