James G Corckran Ii Charitable Foundation Inc
- Assets
- $1.2m
- Revenue
- $100.0k
- Investments
- $1.1m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 09/1989
- Data as of
- 12/2022
- EIN
- 52-1642138
Organization Overview
James G Corckran Ii Charitable Foundation Inc is located in Baltimore, MD. The organization was established in 1989. 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. James G Corckran Ii Charitable 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, James G Corckran Ii Charitable Foundation Inc generated $100.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.8% each year . All expenses for the organization totaled $57.1k during the year ending 12/2022. While expenses have increased by 1.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, James G Corckran Ii Charitable Foundation Inc has awarded 88 individual grants totaling $362,575. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James G Corckran II President | 5 | $0 | |
J Alexander Corckran Vice President | 1 | $0 | |
Jenny Corckran Vice President | 1 | $0 | |
James G Corckran III Vice President | 1 | $0 | |
Matthew S Stromberg Assistant Sectretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,742 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $91,224 |
| Capital Gain Net Income | $91,224 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $99,966 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $38 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,627 |
| Contributions, gifts, grants paid | $40,500 |
| Total expenses and disbursements | $57,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $121,292 |
| 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 | $1,077,051 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,198,343 |
| 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, James G Corckran Ii Charitable Foundation Inc has awarded $40,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AYC - ANNAPOLIS YACHT CLUB JUNIOR SAILING PROGRAM PURPOSE: CHARITABLE | $3,000 |
C OF C SAILING PURPOSE: CHARITABLE | $2,000 |
JOHNS HOPKINS UNIVERSITY PURPOSE: CHARITABLE | $4,000 |
SEVERN SCHOOL PURPOSE: CHARITABLE | $8,500 |
THE COLLEGE OF CHARLESTON CO GREG FISHER PURPOSE: CHARITABLE | $2,000 |
THE FAMILY TREE PURPOSE: CHARITABLE | $5,000 |