Corwin Family Foundation Inc
- Assets
- $589.9k
- Revenue
- $215.2k
- Investments
- $427.5k
- Employees
- 0
- Location
- Morris Plains, NJ
- Founding
- 11/2008
- Data as of
- 06/2024
- EIN
- 26-2943033
Organization Overview
Corwin Family Foundation Inc is located in Morris Plains, NJ. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corwin Family 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 06/2024, Corwin Family Foundation Inc generated $215.2k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $226.6k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Corwin Family Foundation Inc has awarded 146 individual grants totaling $1,053,439. 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 |
|---|---|---|---|
Arthur B Corwin President | 1 | $0 | |
Ann Corwin Vice President | 1 | $0 | |
Christopher Corwin Treasurer | 1 | $0 | |
Mark Corwin Secretary | 1 | $0 | |
Leann Corwin Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $165,438 |
| Interest on Savings | $599 |
| Dividends & Interest | $18,048 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,573 |
| Capital Gain Net Income | $30,573 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $519 |
| Total Revenue | $215,177 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $8,200 |
| Travel, conferences, and meetings | $100 |
| Printing and publications | $0 |
| Other expenses | $2,568 |
| Total operating and administrative expenses | $15,218 |
| Contributions, gifts, grants paid | $211,407 |
| Total expenses and disbursements | $226,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,681 |
| Savings and temporary cash investments | $129,663 |
| 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 | $210,660 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $589,876 |
| 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 | $466 |
| Total liabilities | $466 |
Grants Awarded
Over the last fiscal year, Corwin Family Foundation Inc has awarded $211,407 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ASSUMPTION CHURCH PURPOSE: UNRESTRICTED | $7,442 |
ASSOCIATED CONSTRUCTION CONTRACTORS OF NEW JERSEY PURPOSE: UNRESTRICTED | $5,000 |
AUTISM NEW JERSEY PURPOSE: UNRESTRICTED | $12,759 |
COMMUNITY FOUNDATION OF NEW JERSEY PURPOSE: UNRESTRICTED | $500 |
BOYS & GIRLS CLUB OF PATERSON PURPOSE: UNRESTRICTED | $44,880 |
DIABETES FOUNDATION PURPOSE: UNRESTRICTED | $1,260 |