Cornelius Family Foundation Inc
- Assets
- $1.5m
- Revenue
- $947.2k
- Investments
- $1.0m
- Employees
- 0
- Location
- Zionsville, IN
- Founding
- 12/1998
- Data as of
- 12/2023
- 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 12/2023, Cornelius Family Foundation Inc generated $947.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $819.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (17.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cornelius Family Foundation Inc has awarded 57 individual grants totaling $8,220,000. 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 | $78,802 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $868,439 |
| Capital Gain Net Income | $868,439 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $947,241 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,693 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,822 |
| Total operating and administrative expenses | $23,447 |
| Contributions, gifts, grants paid | $796,000 |
| Total expenses and disbursements | $819,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,860 |
| Savings and temporary cash investments | $501,987 |
| 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 | $1,527,847 |
| 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 $796,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHDIOCESE OF INDIANAPOLIS PURPOSE: CHARITABLE | $250,000 |
CENTRAL PARK CONSERVANCY PURPOSE: CHARITABLE | $5,000 |
INDIANAPOLIS SYMPHONY ORCHESTRA PURPOSE: CHARITABLE | $1,000 |
ST ALPHOUSUS LIGUORI CATHOLIC CHURCH PURPOSE: CHARITABLE | $10,000 |
THE WORD AMONG US PURPOSE: CHARITABLE | $100,000 |
AMERICAN RED CROSS PURPOSE: CHARITABLE | $100,000 |