Cannon Educational Fund
- Assets
- $336.7k
- Revenue
- $35.5k
- Investments
- $316.2k
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 03/2004
- Data as of
- 12/2021
- EIN
- 52-6223026
Organization Overview
Cannon Educational Fund is located in Buffalo, 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 12/2021, Cannon Educational Fund generated $35.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $37.1k during the year ending 12/2021. While expenses have increased by 2.6% 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,769 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,704 |
| Capital Gain Net Income | $26,704 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $35,473 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $16,504 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $182 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $18,186 |
| Contributions, gifts, grants paid | $18,920 |
| Total expenses and disbursements | $37,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,432 |
| 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 | $316,226 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $336,658 |
| 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 $18,920 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MARYLAND COLLEGE PARK PURPOSE: GENERAL USE | $15,136 |
CHESAPEAKE COLLEGE PURPOSE: GENERAL OPERATING EXPENSES | $3,784 |
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