Floy L & Paul F Cornelsen Charitable Foundation
- Assets
- $5.4m
- Revenue
- $222.4k
- Investments
- $4.7m
- Employees
- 0
- Location
- Wildwood, MO
- Founding
- 06/1993
- Data as of
- 06/2023
- 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 06/2023, Floy L & Paul F Cornelsen Charitable Foundation generated $222.4k 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 (5.2%) each year. All expenses for the organization totaled $336.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (8.8%) 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 36 individual grants totaling $2,146,601. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine St John Trustee | 1 | $0 | |
Kristina Cornelsen Boctor Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $139,743 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $82,694 |
| Capital Gain Net Income | $82,694 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $222,437 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $24,426 |
| Contributions, gifts, grants paid | $311,751 |
| Total expenses and disbursements | $336,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $731,268 |
| 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 | $99,981 |
| Investments—other | $1,198,685 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,411,983 |
| 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 $311,751 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BRIGHTSIDE ST LOUIS PURPOSE: GENERAL FUNDING | $14,000 |
DEPAUW UNIVERSITY PURPOSE: GENERAL FUNDING | $50,000 |
FOSTER AND ADOPTIVE CARE COALITION PURPOSE: GENERAL FUNDING | $50,000 |
FRIENDS OF WINGS PURPOSE: GENERAL FUNDING | $50,000 |
LUTHERAN FAMILY AND CHILDRENS SERVICES OF MISSOUR PURPOSE: GENERAL FUNDING | $47,751 |
VILLA DUCHESNE AND OAK HILL SCHOOL PURPOSE: GENERAL FUNDING | $100,000 |