Cline Family Foundation
- Assets
- $29.0m
- Revenue
- $341.2k
- Investments
- $28.9m
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- 09/2008
- Data as of
- 12/2022
- EIN
- 26-2866189
Organization Overview
Cline Family Foundation is located in Palm Beach Gardens, FL. The organization was established in 2008. 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. Cline Family 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, Cline Family Foundation generated $341.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (24.8%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cline Family Foundation has awarded 216 individual grants totaling $16,048,789. 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 |
|---|---|---|---|
Candice Cline Kenan Executive Di | 20 | $143,042 | |
Christopher L Cline Officer | 5 | $22,002 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $211,025 |
| Dividends & Interest | $195,363 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$51,155 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$14,045 |
| Total Revenue | $341,188 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $165,044 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $89 |
| Total operating and administrative expenses | $461,717 |
| Contributions, gifts, grants paid | $2,264,000 |
| Total expenses and disbursements | $2,725,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,682 |
| 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 | $29,031,738 |
| Accounts payable and accrued expenses | $56,584 |
| 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 | $56,584 |
Grants Awarded
Over the last fiscal year, Cline Family Foundation has awarded $2,264,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BECKLEY AREA FOUNDATION PURPOSE: GENERAL PURPOSE | $30,000 |
CHARLESTON COLLEGIATE PURPOSE: GENERAL PURPOSE | $120,500 |
CHILDRENS MUSEUM OF THE LOW COUNTRY PURPOSE: GENERAL PURPOSE | $127,500 |
COMFORT ZONE CAMP PURPOSE: GENERAL PURPOSE | $150,000 |
JUNIOR ACHIEVEMENT OF GREATER SOUTH PURPOSE: GENERAL PURPOSE | $25,000 |
MADISON TODD PURPOSE: SCHOLARSHIP | $3,000 |