Alverin M Cornell Foundation
- Assets
- $7.2m
- Revenue
- $306.3k
- Investments
- $7.0m
- Employees
- 0
- Location
- Northbrook, IL
- Founding
- 09/2002
- Data as of
- 12/2023
- EIN
- 36-7371436
Organization Overview
Alverin M Cornell Foundation is located in Northbrook, IL. The organization was established in 2002. 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. Alverin M Cornell 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 12/2023, Alverin M Cornell Foundation generated $306.3k 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 (7.2%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Alverin M Cornell Foundation has awarded 60 individual grants totaling $3,396,961. 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 |
|---|---|---|---|
Wendy Brewer Secretary | 15 | $18,000 | |
Gregory Ciokajlo Treasurer | 1 | $15,500 | |
William Brewer President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,870 |
| Dividends & Interest | $234,202 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $62,236 |
| Capital Gain Net Income | $62,236 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $306,308 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $33,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $31 |
| Taxes | $11,687 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,167 |
| Total operating and administrative expenses | $101,476 |
| Contributions, gifts, grants paid | $899,461 |
| Total expenses and disbursements | $1,000,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $207,968 |
| 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 | $86,327 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,197,070 |
| 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, Alverin M Cornell Foundation has awarded $899,461 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ALVERIN M CORNELL FOUNDATION DONOR PURPOSE: GENERAL CHARITABLE PURPOSES | $889,461 |
CPA ENDOWMENT FUND OF ILLINOIS PURPOSE: GENERAL CHARITABLE PURPOSES | $2,500 |
LADDER UP PURPOSE: GENERAL CHARITABLE PURPOSES | $7,500 |