Cricket Island Foundation
- Assets
- $51.0m
- Revenue
- $3.4m
- Investments
- $50.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/2001
- Data as of
- 12/2021
- EIN
- 34-1925915
Organization Overview
Cricket Island Foundation is located in New York, NY. The organization was established in 2001. 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. Cricket Island 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 12/2021, Cricket Island Foundation generated $3.4m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 3 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 2019, Cricket Island Foundation has awarded 412 individual grants totaling $8,667,303. 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 |
|---|---|---|---|
Hopie Jernagen Welles President | 1 | $0 | |
Maud Welles Vice President | 1 | $0 | |
Cameron Jordan Miranda Vice President | 1 | $0 | |
Taylor Jordan Treasurer | 1 | $0 | |
Elizabeth Sak Executive Director | 40 | $237,031 | |
Georgia Welles Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hana Sun | 12/30/22 | $94,000 |
Edith Asibey Consulting Services | 12/30/22 | $55,500 |
Goldman Sachs & Co Llc | 12/30/22 | $225,711 |
Colmena Collective Llc | 12/30/22 | $55,000 |
Asibey Consulting Inc | 12/30/22 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $449 |
| Dividends & Interest | $635,742 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,757,374 |
| Capital Gain Net Income | $3,074,237 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $34,067 |
| Total Revenue | $3,427,632 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $227,849 |
| Other employee salaries and wages | $144,692 |
| Pension plans, employee benefits | $77,312 |
| Interest | $0 |
| Taxes | $120,676 |
| Depreciation | $0 |
| Occupancy | $50,178 |
| Travel, conferences, and meetings | $586 |
| Printing and publications | $0 |
| Other expenses | $55,616 |
| Total operating and administrative expenses | $1,173,759 |
| Contributions, gifts, grants paid | $1,507,675 |
| Total expenses and disbursements | $2,681,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $964,480 |
| 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 | $25,388,815 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $51,030,339 |
| 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, Cricket Island Foundation has awarded $2,310,818 in support to 92 organizations.
| Grant Recipient | Amount |
|---|---|
ASIAN PACIFIC ENVIRONMENTAL NETWORK FBO AYPAL PURPOSE: 2022-23 LEADING FORWARD INITIATIVE GRANTS | $45,000 |
BEND THE ARC FBO FCYO PURPOSE: FUNDERS' COLLABORATIVE ON YOUTH ORGANIZING | $50,000 |
BEND THE ARC FBO FCYO PURPOSE: YOUTH ORGANIZING CARE FUND FOR CLIMATE (FCYO) | $50,000 |
CAAAV ORGANIZING ASIAN COMMUNITIES PURPOSE: DIGITAL SECURITY INFRASTRUCTURE | $6,048 |
CAAAV ORGANIZING ASIAN COMMUNITIES PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
CHICAGO FREEDOM SCHOOL PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |