Floy L & Paul F Cornelsen Charitable Foundation
- Assets
- $5.5m
- Revenue
- $151.7k
- Investments
- $4.0m
- Employees
- 0
- Location
- Wildwood, MO
- Founding
- 06/1993
- Data as of
- 06/2022
- EIN
- 43-1635732
Organization Overview
Floy L & Paul F Cornelsen Charitable Foundation is located in Wildwood, MO. The organization was established in 1993. 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. Floy L & Paul F Cornelsen 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 06/2022, Floy L & Paul F Cornelsen Charitable Foundation generated $151.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $370.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Floy L & Paul F Cornelsen Charitable Foundation has awarded 30 individual grants totaling $1,834,850. 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 |
|---|---|---|---|
Kristina Cornelsen Boctor Trustee | 1 | $0 | |
Katherine St John Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $117,356 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,354 |
| Capital Gain Net Income | $33,354 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,000 |
| Total Revenue | $151,710 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,660 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $151 |
| Total operating and administrative expenses | $45,215 |
| Contributions, gifts, grants paid | $325,000 |
| Total expenses and disbursements | $370,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,562,256 |
| 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 | $560,641 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,534,674 |
| 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, Floy L & Paul F Cornelsen Charitable Foundation has awarded $325,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
VILLA DUCHESNE AND OAK HILL SCHOOL PURPOSE: GENERAL FUNDING | $100,000 |
Greencastle, IN PURPOSE: GENERAL FUNDING | $50,000 |
FRIENDS OF WINGS PURPOSE: GENERAL FUNDING | $50,000 |
HOME SWEET HOME PURPOSE: GENERAL FUNDING | $50,000 |
FOSTER AND ADOPTIVE CARE COALITION PURPOSE: GENERAL FUNDING | $50,000 |
Minot, ND PURPOSE: GENERAL FUNDING | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |