Robert And Virginia Cornog Family Foundation
- Assets
- $443.7k
- Revenue
- $25.0k
- Investments
- $398.8k
- Employees
- 0
- Location
- Naples, FL
- Founding
- 01/2003
- Data as of
- 12/2022
- EIN
- 30-6039662
Organization Overview
Robert And Virginia Cornog Family Foundation is located in Naples, FL. The organization was established in 2003. 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. Robert And Virginia Cornog 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS FOUNDATION IS ORGANIZED AND OPERATED SOLELY FOR THE PURPOSE OF MAKING CASH DONATIONS TO QUALIFYING PUBLIC CHARITIES. IT DOES NOT ENGAGE IN ANY OTHER DIRECT CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert A Cornog Jr Trustee | 1 | $0 | |
Virginia A Cornog Trustee | 1 | $0 | |
Andrea Cornog Kenealey Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $63 |
| Dividends & Interest | $7,416 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,503 |
| Capital Gain Net Income | $17,503 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,982 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $214 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,429 |
| Total operating and administrative expenses | $7,143 |
| Contributions, gifts, grants paid | $20,500 |
| Total expenses and disbursements | $27,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,918 |
| 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 | $443,700 |
| 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, Robert And Virginia Cornog Family Foundation has awarded $20,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Naples, FL PURPOSE: ELECTRIC BOAT PURCHASE | $9,000 |
NCH CENTER FOR PHILANTHROPY PURPOSE: GENERAL FUND | $7,500 |
Williamsburg, VA PURPOSE: GENERAL FUND | $1,500 |
Naples, FL PURPOSE: SCHOLARSHIP FUND | $1,000 |
Chicago, IL PURPOSE: GENERAL FUND | $1,000 |
GUADALUPE CENTER PURPOSE: GENERAL FUND | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Ds Foundation Miami, FL | $183,651,055 | $1,385,395 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
Altec-Styslinger Foundation Inc Birmingham, AL | $128,305,509 | $25,360,360 |
Elizabeth Morse Genius Foundation Winter Park, FL | $145,557,522 | $11,233,005 |
Daniel Foundation Of Alabama Birmingham, AL | $125,925,900 | $11,135,386 |
Daniel E Offutt Iii Charitable Tr Sarasota, FL | $1,076,359 | $6,500,161 |
BBVA Foundation Birmingham, AL | $0 | $7,925,433 |
E G Watkins Family Foundation West Palm Beach, FL | $3,784,813 | $11,500,184 |
The Anita James Rosen Foundation Inc St Petersburg, FL | $5,834,282 | $31,742 |
Peterffy Foundation West Palm Beach, FL | $132,920,946 | $11,657,366 |