Cornelius Family Foundation Inc
- Assets
- $2.5m
- Revenue
- $2.6m
- Investments
- $1.2m
- Employees
- 0
- Location
- Zionsville, IN
- Founding
- 12/1998
- Data as of
- 12/2021
- EIN
- 35-2030709
Organization Overview
Cornelius Family Foundation Inc is located in Zionsville, IN. The organization was established in 1998. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornelius Family 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 12/2021, Cornelius Family Foundation Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cornelius Family Foundation Inc has awarded 52 individual grants totaling $10,268,000. 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 |
|---|---|---|---|
James M Cornelius President | 2 | $0 | |
Kathleen M Cornelius Vp/secretary | 2 | $0 | |
Andrew James Cornelius Director | 0 | $0 | |
Lindsay Anne Harmon Director | 9 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $55,641 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,508,705 |
| Capital Gain Net Income | $2,508,705 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,564,346 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,460 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $275 |
| Total operating and administrative expenses | $11,390 |
| Contributions, gifts, grants paid | $1,508,000 |
| Total expenses and disbursements | $1,519,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,743 |
| Savings and temporary cash investments | $1,360,728 |
| 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 | $2,544,921 |
| 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, Cornelius Family Foundation Inc has awarded $1,508,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
LITTLE SISTERS OF THE POOR PURPOSE: CHARITABLE | $500,000 |
THE WORD AMONG US PURPOSE: CHARITABLE | $330,000 |
Indianapolis, IN PURPOSE: CHARITABLE | $285,000 |
Saint Louis, MO PURPOSE: CHARITABLE | $120,000 |
Irondale, AL PURPOSE: CHARITABLE | $100,000 |
BISHOP SIMON BRUTE COLLEGE SEMINARY PURPOSE: CHARITABLE | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Yum Brands Foundation Inc Louisville, KY | $62,047,633 | $1,353,894 |
Girl Scouts Of Eastern Missouri Inc St Louis, MO | $41,876,901 | $17,676,549 |
Zakat Foundation Of America Worth, IL | $10,176,762 | $13,348,196 |
Rose Brooks Center Inc Kansas City, MO | $20,126,633 | $9,910,378 |
Horizon House Of Illinois Valley Inc Peru, IL | $4,828,429 | $7,447,824 |
Marshall-Starke Development Center Inc Plymouth, IN | $2,688,412 | $6,830,962 |
Lakeshore Cap Inc Of Wisconsin Manitowoc, WI | $4,910,382 | $5,227,133 |
Jefferson County Comprehensive Mt Vernon, IL | $4,460,703 | $5,732,425 |
Cdc Resources Inc Monticello, IN | $3,899,685 | $5,523,588 |
Innovation Development Institute Inc Chicago, IL | $6,803,364 | $5,200,844 |
B E D S Inc La Grange, IL | $5,236,874 | $5,113,317 |
Master Provisions Inc Florence, KY | $1,598,802 | $4,708,388 |