Cannon Educational Fund
- Assets
- $325.7k
- Revenue
- $15.6k
- Investments
- $303.6k
- Employees
- 0
- Location
- Amherst, NY
- Founding
- 03/2004
- Data as of
- 12/2022
- EIN
- 52-6223026
Organization Overview
Cannon Educational Fund is located in Amherst, NY. The organization was established in 2004. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Cannon Educational Fund 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, Cannon Educational Fund generated $15.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $26.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Cannon Educational Fund has awarded 14 individual grants totaling $142,005. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,591 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,055 |
| Capital Gain Net Income | $8,055 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,646 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $541 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,541 |
| Contributions, gifts, grants paid | $17,021 |
| Total expenses and disbursements | $26,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,047 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $325,683 |
| 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, Cannon Educational Fund has awarded $17,021 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHESAPEAKE COLLEGE PURPOSE: SCHOLARSHIP GRANT | $3,404 |
UNIVERSITY OF MARYLAND COLLEGE PARK PURPOSE: SCHOLARSHIP GRANT | $13,617 |