Cfp Foundation
- Assets
- $65.0m
- Revenue
- $2.1m
- Investments
- $63.4m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 08/1998
- Data as of
- 12/2022
- EIN
- 76-0537479
Organization Overview
Cfp Foundation is located in Houston, TX. The organization was established in 1998. 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. Cfp Foundation 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, Cfp Foundation generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $5.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Cfp Foundation has awarded 108 individual grants totaling $7,803,750. 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 |
|---|---|---|---|
Gary T Crum President/treasurer | 2 | $0 | |
Sylvie P Crum Executive VP | 1 | $0 | |
Clayton M Harkness Executive Director | 40 | $112,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Triformis Inc | 12/30/22 | $156,313 |
Cibc Private Wealth Management | 12/30/22 | $84,670 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26,989 |
| Dividends & Interest | $950,040 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,002,685 |
| Capital Gain Net Income | $1,002,685 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $88,530 |
| Total Revenue | $2,068,244 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $123,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $115,111 |
| Depreciation | $0 |
| Occupancy | $39,894 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $368,418 |
| Total operating and administrative expenses | $783,245 |
| Contributions, gifts, grants paid | $4,408,000 |
| Total expenses and disbursements | $5,191,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312,206 |
| Savings and temporary cash investments | $1,311,986 |
| 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 | $9,587,653 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $64,988,568 |
| 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, Cfp Foundation has awarded $4,408,000 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
ASPEN COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT | $30,000 |
BO'S PLACE PURPOSE: GENERAL SUPPORT | $20,000 |
BREAKTHROUGH HOUSTON PURPOSE: GENERAL SUPPORT | $40,000 |
CAMP FOR ALL FOUNDATION PURPOSE: GENERAL SUPPORT | $165,000 |
CASA DE ESPERANZA DE LOS NINOS INCORPORATED PURPOSE: GENERAL SUPPORT | $30,000 |
CHILDREN'S MUSEUM INC DBA THE CHILDREN'S MUSEUM OF HOUSTON PURPOSE: GENERAL SUPPORT | $25,000 |