Cornwall Foundation Inc
- Assets
- $2.5m
- Revenue
- $156.5k
- Investments
- $2.5m
- Employees
- 0
- Location
- Naples, FL
- Founding
- 06/2003
- Data as of
- 10/2023
- EIN
- 65-1159972
Organization Overview
Cornwall Foundation Inc is located in Naples, FL. The organization was established in 2003. 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. Cornwall 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 10/2023, Cornwall Foundation Inc generated $156.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $154.1k during the year ending 10/2023. While expenses have increased by 9.5% per year over the past 8 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 2015, Cornwall Foundation Inc has awarded 95 individual grants totaling $1,173,329. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Gerry President, Director | 5 | $0 | |
Adam Gerry Vice President, Director | 5 | $0 | |
Peter Racette Treasurer | 2 | $0 | |
Teri Beimler Secretary | 2 | $0 | |
Chris Grillo Vice President | 2 | $0 | |
Robyn Gerry Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $43,817 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $112,670 |
| Capital Gain Net Income | $112,670 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $156,487 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,561 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,561 |
| Contributions, gifts, grants paid | $149,500 |
| Total expenses and disbursements | $154,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,524 |
| 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 | $2,515,785 |
| 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, Cornwall Foundation Inc has awarded $149,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CHARITIES OF COLLIER COUNTY PURPOSE: CONTRIBUTION TO GENERAL PROGRAMS AND SERVICES FOR THOSE IN NEED IN COLLIER COUNTY. | $5,000 |
COMMUNITY FOUNDATION OF COLLIER COUNTY INC PURPOSE: CONTRIBUTION TO ADDRESS THE SPECIFIC NEEDS OF INDIVIDUALS IMPACTED ACROSS FLORIDA BY HURRICANE IAN. | $50,000 |
COMMUNITY SCHOOL OF NAPLES PURPOSE: CONTRIBUTION TO SUPPORT INCREASED CURRICULAR OPPORTUNITIES, CAMPUS ENHANCEMENTS, AND FACULTY DEVELOPMENT. | $60,000 |
GOLISANO CHILDREN'S MUSEUM OF NAPLES PURPOSE: CONTRIBUTION TO SUPPORT THE MUSEUM'S GOAL TO ENSURE CHILDREN HAVE THE OPPORTUNITY TO PLAY, LEARN, AND DREAM. | $5,000 |
NAPLES PERFORMING ARTS CENTER PURPOSE: CONTRIBUTION TO FUND THE PRODUCTION OF SHOWS AND SCHOLARSHIPS TO AWARD STUDENTS THE OPPORTUNITY TO TRAIN AT THE CENTER. | $9,500 |
SAINT ANN SCHOOL FOUNDATION PURPOSE: CONTRIBUTION TO SUPPORT SCHOLARSHIPS AND TUITION ASSISTANCE. | $10,000 |