George W Codrington Charitable Foundation
- Assets
- $17.4m
- Revenue
- $372.9k
- Investments
- $16.9m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 08/1957
- Data as of
- 12/2022
- EIN
- 34-6507457
Organization Overview
George W Codrington Charitable Foundation is located in Cleveland, OH. The organization was established in 1957. 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. George W Codrington Charitable 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, George W Codrington Charitable Foundation generated $372.9k 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 (9.2%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, George W Codrington Charitable Foundation has awarded 243 individual grants totaling $3,464,185. 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 |
|---|---|---|---|
Western Reserve Trust Company Trustee | 1 | $29,133 | |
Bny Mellon Beginning Of Year Trustee | 1 | $9,380 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $291,586 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,413 |
| Capital Gain Net Income | $1,413 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $79,932 |
| Total Revenue | $372,931 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,816 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $180,995 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,785 |
| Total operating and administrative expenses | $289,550 |
| Contributions, gifts, grants paid | $792,500 |
| Total expenses and disbursements | $1,082,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $531,464 |
| 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 | $1,428,350 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,415,281 |
| 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, George W Codrington Charitable Foundation has awarded $792,500 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
BUSINESS VOLUNTEERS UNLIMITED PURPOSE: GENERAL | $5,000 |
CASE WESTERN RESERVE UNIVERSITY PURPOSE: GENERAL | $50,000 |
CHN HOUSING PARTNERS PURPOSE: GENERAL | $7,500 |
THE CITY CLUB OF CLEVELAND PURPOSE: GENERAL | $74,500 |
CLEVELAND INSTITUTE OF ART PURPOSE: GENERAL | $7,500 |
CLEVELAND INSTITUTE OF MUSIC PURPOSE: GENERAL | $7,500 |