Alexander And Sarah Cutler Family Foundation
- Assets
- $3.0m
- Revenue
- $1.9m
- Investments
- $2.9m
- Employees
- 0
- Location
- Gates Mills, OH
- Founding
- 02/1999
- Data as of
- 12/2022
- EIN
- 34-1881176
Organization Overview
Alexander And Sarah Cutler Family Foundation is located in Gates Mills, OH. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Alexander And Sarah Cutler 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, Alexander And Sarah Cutler Family Foundation generated $1.9m in total revenue. All expenses for the organization totaled $2.6m during the year ending 12/2022. While expenses have increased by 0.5% per year over the past 5 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 2020, Alexander And Sarah Cutler Family Foundation has awarded 60 individual grants totaling $10,120,100. 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
NONE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander M Cutler Trustee | 0 | $0 | |
Sarah S Cutler Trustee | 0 | $0 | |
John F Shelley Trustee | 0 | $0 | |
William M Cutler Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,910,867 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,329 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$52,966 |
| Capital Gain Net Income | $1,995,718 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,879,230 |
| 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 | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $421 |
| Total operating and administrative expenses | $421 |
| Contributions, gifts, grants paid | $2,579,800 |
| Total expenses and disbursements | $2,580,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,096 |
| 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 | $2,958,061 |
| 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, Alexander And Sarah Cutler Family Foundation has awarded $2,579,800 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY HOSPITALS PURPOSE: GENERAL TAX-EXEMPT PURPOSES | $1,250,000 |
LOOMIS CHAFFEE PURPOSE: GENERAL TAX-EXEMPT PURPOSES | $620,000 |
Albion, MI PURPOSE: GENERAL TAX-EXEMPT PURPOSES | $400,000 |
Cleveland, OH PURPOSE: GENERAL TAX-EXEMPT PURPOSES | $100,000 |
Cleveland, OH PURPOSE: GENERAL TAX-EXEMPT PURPOSES | $56,000 |
TUCK SCHOOL OF BUSINESS AT DARTMOUTH PURPOSE: GENERAL TAX-EXEMPT PURPOSES | $53,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Progressive Insurance Foundation Cleveland, OH | $7,804,354 | $47,823,383 |
Arconic Charitable Foundation Pittsburgh, PA | $0 | $10,360,918 |
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Alcoa Foundation Pittsburgh, PA | $146,938,296 | $5,082,676 |
Third Federal Foundation Cleveland, OH | $35,709,526 | $3,618,702 |
Gii Charities Grand Rapids, MI | $4,065,002 | $6,112,431 |
Star Foundation Bethlehem, PA | $0 | $17,247 |
Westfield Insurance Foundation Westfield Center, OH | $42,931,784 | $4,362,594 |
Giant Eagle Foundation Pittsburgh, PA | $15,044,604 | $6,408,453 |
Morgan Family Foundation Yellow Springs, OH | $51,827,477 | $1,582,241 |
Harry M And Violet Turner Charitable Trust Springfield, OH | $29,217,065 | $2,348,308 |
Penske Foundation Inc Bloomfield Hills, MI | $17,008,099 | $10,243,924 |