Creswell Charitable Foundation
- Assets
- $437.1k
- Revenue
- $32.6k
- Investments
- $423.3k
- Employees
- 0
- Location
- Henagar, AL
- Founding
- 06/2014
- Data as of
- 12/2022
- 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 12/2022, Creswell Charitable Foundation generated $32.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $32.7k during the year ending 12/2022. 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
2022
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rex Creswell Trustee | 5 | $4,500 | |
Billy Duncan Advisory Boa | 0.04 | $0 | |
Shelley Grant Advisory Boa | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,690 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,611 |
| Capital Gain Net Income | $14 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $304 |
| Total Revenue | $32,605 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $235 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,500 |
| Total operating and administrative expenses | $21,688 |
| Contributions, gifts, grants paid | $11,000 |
| Total expenses and disbursements | $32,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,748 |
| 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 | $10,000 |
| 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 | $437,091 |
| 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 $23,723 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
JACKSONVILLE STATE UNIVERSITY PURPOSE: STUDENT SCHOLARSHIPS | $1,100 |
NORTHEAST ALABAMA COMMUNITY COLLEGE PURPOSE: STUDENT SCHOLARSHIPS | $17,000 |
WALLACE STATE COLLEGE PURPOSE: STUDENT SCHOLARSHIPS | $5,000 |
UNIVERSITY OF ALABAMA AT BIRMINGHAM PURPOSE: STUDENT SCHOLARSHIPS | $623 |