Creswell Charitable Foundation
- Assets
- $438.9k
- Revenue
- $9.3k
- Investments
- $400.2k
- Employees
- 0
- Location
- Henagar, AL
- Founding
- 06/2014
- Data as of
- 12/2020
- EIN
- 46-4738225
Organization Overview
Creswell Charitable Foundation is located in Henagar, AL. The organization was established in 2014. According to its NTEE Classification (Y99) the organization is classified as: Mutual & Membership Benefit N.E.C., under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Creswell 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 12/2020, Creswell Charitable Foundation generated $9.3k 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 (25.5%) each year. All expenses for the organization totaled $29.6k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTEND TO PROVIDE AT LEAST FOUR ANNUAL 1,000, RENEWING SCHOLARSHIPS TO GRADUATES OF PISGAH HIGH SCHOOL.
INTEND TO PROVIDE AT LEAST FOUR ANNUAL 1,000, RENEWING SCHOLARSHIPS TO GRADUATES OF PISGAH HIGH SCHOOL.
INTEND TO PROVIDE AT LEAST FOUR ANNUAL 1,000, RENEWING SCHOLARSHIPS TO GRADUATES OF PISGAH HIGH SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rex Creswell Trustee | 5 | $3,700 | |
Shelley Grant Advisory Boa | 0.1 | $0 | |
Billy Duncan Advisory Boa | 0.04 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,006 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,314 |
| Capital Gain Net Income | $563 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $562 |
| Total Revenue | $9,254 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,700 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,232 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,700 |
| Total operating and administrative expenses | $20,059 |
| Contributions, gifts, grants paid | $9,500 |
| Total expenses and disbursements | $29,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,669 |
| Savings and temporary cash investments | $0 |
| 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 | $20,000 |
| 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 | $438,898 |
| 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, Creswell Charitable Foundation has awarded $17,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Rainsville, AL PURPOSE: STUDENT SCHOLARSHIPS | $15,500 |
Jacksonville, AL PURPOSE: STUDENT SCHOLARSHIPS | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Association Of Letter Carriers Rtmt Edu Sec Trng Fd Inc Nalcrest, FL | $6,447,386 | $2,673,290 |
Christian Alliance Of Pastors Inc Austell, GA | $878,356 | $71,344 |
Jefferson Communities Water System Inc Lloyd, FL | $8,124,594 | $788,522 |
Centro Asturiano De Tampa Inc Tampa, FL | $2,619,123 | $434,770 |
Guardian Independent Operator Association Inc Suwanee, GA | $1,224,384 | $1,322,204 |
International Health Share Norcross, GA | $28,910 | $0 |
Mitternight Boiler Works Inc Voluntary Employees Beneficiary As Satsuma, AL | $0 | $266,774 |
Plumbing And Mechanical Assoc Of Ga Cumming, GA | $103,713 | $246,557 |
Gulf Coast Ceo Forum Inc Bradenton, FL | $346,803 | $287,613 |
Palms West Hospital Medical Staff Loxahatchee, FL | $454,065 | $0 |
Alabama State Employees Grills Montgomery, AL | $55,608 | $0 |
Comprehensive Health Insurance Risk Pool Association Jackson, MS | $20,731,151 | $40,740 |