Cortland Foundation Inc
- Assets
- $161.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Thomas, WV
- Founding
- 10/2012
- Data as of
- 12/2023
- EIN
- 27-4355510
Organization Overview
Cortland Foundation Inc is located in Thomas, WV. The organization was established in 2012. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cortland 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 12/2023, Cortland Foundation Inc generated $31.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (18.6%) each year. All expenses for the organization totaled $32.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (14.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE PURPOSE IS TO SECURE FINANCIAL RESOURCES IN ORDER TO SUPPORT THE MISSION OF CORTLAND ACRES ASSOCIATION, INC. CORTLAND FOUNDATION CONTINUES TO SUPPORT THE MISSION OF CORTLAND ACRES ASSOCIATION VIA CONTRIBUTIONS MADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Felty Board Member | 1 | $0 | |
Sam Goughnour Vice President | 1 | $0 | |
Beth Clevenger Board Member | 1 | $0 | |
Jarolyn Judy Phillips Board Member | 1 | $0 | |
Randy Moore Treasurer | 1 | $0 | |
Teresa Lycliter Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,013 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $552 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$1,523 |
| Other Revenue | $0 |
| Total Revenue | $31,042 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $8,562 |
| Professional fees and other payments to independent contractors | $2,500 |
| Occupancy, rent, utilities, and maintenance | $180 |
| Printing, publications, postage, and shipping | $44 |
| Other expenses | $5,389 |
| Total expenses | $32,133 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $161,070 |
| Other assets | $0 |
| Total assets | $161,070 |
| Total liabilities | $1,489 |
| Net assets or fund balances | $159,581 |