Cornwall Foundation
- Assets
- $14.4m
- Revenue
- $1.5m
- Investments
- $13.7m
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 01/2000
- Data as of
- 12/2023
- EIN
- 41-1956489
Organization Overview
Cornwall Foundation is located in Scottsdale, AZ. The organization was established in 2000. 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. Cornwall 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, Cornwall Foundation generated $1.5m 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 (9.5%) each year. All expenses for the organization totaled $887.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cornwall Foundation has awarded 111 individual grants totaling $3,428,625. 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 |
|---|---|---|---|
Mary Ann Baker President | 1 | $0 | |
Looe Baker III VP Director | 1 | $0 | |
Looe Baker Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $78,794 |
| Interest on Savings | $0 |
| Dividends & Interest | $383,172 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $993,675 |
| Capital Gain Net Income | $993,675 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,455,641 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,070 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $66,868 |
| Contributions, gifts, grants paid | $820,125 |
| Total expenses and disbursements | $886,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $680,952 |
| 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 | $5,446,265 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,098 |
| Total assets | $14,353,536 |
| 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, Cornwall Foundation has awarded $820,125 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
ABBOT NORTHWESTERN HOSPITAL FUND PURPOSE: GENERAL FUND | $50,000 |
ALLIANCE FOR CATHOLIC EDUCATION PURPOSE: GENERAL FUND | $50,000 |
ASCENSION CATHOLIC SCHOOL PURPOSE: GENERAL FUND | $25,000 |
AZ CADDIE AND LEADERSHIP ACADEMY INC PURPOSE: GENERAL FUND | $10,000 |
BABY QUEST FOUNDATION PURPOSE: GENERAL FUND | $5,000 |
BOURGADE CATHOLIC HIGH SCHOOL PURPOSE: GENERAL FUND | $10,000 |