Corson Foundation
- Assets
- $1.2m
- Revenue
- $426.3k
- Investments
- $908.2k
- Employees
- 0
- Location
- Plymouth Meeting, PA
- Founding
- 03/1957
- Data as of
- 12/2022
- EIN
- 23-6390878
Organization Overview
Corson Foundation is located in Plymouth Meeting, PA. The organization was established in 1957. 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. Corson 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 12/2022, Corson Foundation generated $426.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $206.6k during the year ending 12/2022. While expenses have increased by 2.4% per year over the past 8 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, Corson Foundation has awarded 145 individual grants totaling $1,389,487. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLYMOUTH FRIENDS
CHILDREN'S HOSPITAL OF PHILADELPHIA
URSINUS COLLEGE
EINSTEIN MEDICAL CENTER - MONTGOMERY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Ef Corson Trustee | 0 | $0 | |
Carl Possee Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $80,632 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $345,618 |
| Capital Gain Net Income | $345,618 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $426,250 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28 |
| Total operating and administrative expenses | $16,602 |
| Contributions, gifts, grants paid | $189,996 |
| Total expenses and disbursements | $206,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $325,323 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,233,525 |
| 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, Corson Foundation has awarded $189,996 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: FUND CARDIOVASCULAR MEDICAL RESEARCH, EDUCATE CONSUMERS ON HEALTHY LIVING AND FOSTER APPROPRIATE CARDIAC CARE. | $100 |
CABRINI UNIVERSITY PURPOSE: CONTRIBUTION | $5,000 |
AVALON FIRE DEPARTMENT PURPOSE: CONTRIBUTION | $100 |
CHALLENGE PROGRAM PURPOSE: PROVIDES CONSTRUCTION TRAINING FOR OUT OF SCHOOL YOUTH | $2,000 |
CHILDREN'S HOSPITAL OF PHILADELPHIA PURPOSE: PROVIDES INPATIENT & OUTPATIENT CARE FOR CHILDREN | $20,000 |
COMMONWEALTH LIFE PURPOSE: CONTRIBUTION | $4,521 |