Ralph A Cusick Jr And Jaquelin A Cusick Foundation Inc
- Assets
- $1.1m
- Revenue
- $612.6k
- Investments
- $952.0k
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 07/2017
- Data as of
- 12/2022
- EIN
- 47-2569670
Organization Overview
Ralph A Cusick Jr And Jaquelin A Cusick Foundation Inc is located in Rockville, MD. The organization was established in 2017. 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. Ralph A Cusick Jr And Jaquelin A Cusick Foundation Inc 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, Ralph A Cusick Jr And Jaquelin A Cusick Foundation Inc generated $612.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $136.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Ralph A Cusick Jr And Jaquelin A Cusick Foundation Inc has awarded 14 individual grants totaling $120,000. 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 |
|---|---|---|---|
Jill M Timmons Director | 5 | $41,950 | |
Ralph A Cusick Jr Director | 1 | $0 | |
Jaquelin A Cusick Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $178,559 |
| Interest on Savings | $1,046 |
| Dividends & Interest | $15,114 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $414,219 |
| Capital Gain Net Income | $414,219 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,677 |
| Total Revenue | $612,615 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $41,950 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $4,852 |
| Taxes | $340 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $61,283 |
| Contributions, gifts, grants paid | $75,000 |
| Total expenses and disbursements | $136,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,121 |
| 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 | $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 | $214,356 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,064,101 |
| 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, Ralph A Cusick Jr And Jaquelin A Cusick Foundation Inc has awarded $75,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S NATIONAL PURPOSE: CONSTRUCTION COSTS FOR THE NEW RESEARCH AND INNOVATION CAMPUS BUILDING | $10,000 |
A KID AGAIN PURPOSE: NEW CHAPTERS EXPANSION AND NEW PROGRAM SERVICES | $10,000 |
SWEET BRIAR COLLEGE PURPOSE: NEW TECHNOLOGICAL ADVANCEMENTS AND NEW EQUIPMENT | $5,000 |
GENERAL REDOUBT PURPOSE: PRESERVATION OF HISTORIC LANDMARKS | $5,000 |
THE EPISCOPAL CHURCH OF LEEDS PARISH PURPOSE: FOR CAPITAL IMPROVEMENTS | $10,000 |
MAYO CLINIC PURPOSE: FUNDING FOR NEW RESEARCH ON SOLID TISSUE TRANSPLANT ANTI REJECTIONS RX | $10,000 |