Cvs Foundation
- Assets
- $197.2m
- Revenue
- $34.0m
- Investments
- $186.1m
- Employees
- 0
- Location
- Woonsocket, RI
- Founding
- 02/1993
- Data as of
- 12/2023
- EIN
- 22-3206973
Organization Overview
Cvs Foundation is located in Woonsocket, RI. The organization was established in 1993. 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. Cvs 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, Cvs Foundation generated $34.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $28.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cvs Foundation has awarded 6,361 individual grants totaling $104,450,166. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheryl A Burke President & Director | 0.5 | $0 | |
Carol A Denale Vice President/treasurer/director | 0.5 | $0 | |
Kelleen Savage Vice President (as Of April 2023) | 0.5 | $0 | |
Thomas S Moffatt Vice President/secretary/director | 0.5 | $0 | |
Tracy L Smith Vice President/assistant Treasurer | 0.5 | $0 | |
Melanie K St Angelo Assistant Secretary | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Raymond Currier Iii | 12/30/23 | $118,743 |
Ernst & Young Us Llp | 12/30/23 | $94,500 |
Philanthropic Initiative Boston Ma (Tpi) | 12/30/23 | $97,851 |
Marigold Strategy | 12/30/23 | $74,115 |
American Public Health Association | 12/30/23 | $68,421 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000,000 |
| Interest on Savings | $321,325 |
| Dividends & Interest | $4,636,698 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,394,669 |
| Capital Gain Net Income | $2,394,669 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,656,939 |
| Total Revenue | $34,009,631 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,438 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $664,029 |
| Total operating and administrative expenses | $1,206,540 |
| Contributions, gifts, grants paid | $27,397,552 |
| Total expenses and disbursements | $28,604,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,039,052 |
| 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 | $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 | $7,419,458 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $197,167,369 |
| Accounts payable and accrued expenses | $308,851 |
| Grants payable | $18,776,699 |
| 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 | $19,085,550 |
Grants Awarded
Over the last fiscal year, Cvs Foundation has awarded $35,419,530 in support to 1,547 organizations.
| Grant Recipient | Amount |
|---|---|
FAIRLEIGH DICKINSON UNIV SCHOOFLORHAM PARK NJ PURPOSE: PHARMACY SCHOLARSHIP | $3,000 |
FAIRLEIGH DICKINSON UNIV SCHOOFLORHAM PARK NJ PURPOSE: PHARMACY SCHOLARSHIP | $3,000 |
MANCHESTER UNIVERSITY NORTH MANCHESTER IN PURPOSE: PHARMACY SCHOLARSHIP | $2,000 |
MANCHESTER UNIVERSITY NORTH MANCHESTER IN PURPOSE: PHARMACY SCHOLARSHIP | $2,000 |
SAINT JOSEPHS UNIVERSITY PHILADELPHIA PA PURPOSE: PHARMACY SCHOLARSHIP | $3,000 |
SAINT JOSEPHS UNIVERSITY PHILADELPHIA PA PURPOSE: PHARMACY SCHOLARSHIP | $3,000 |