Cegway Foundation Inc
- Assets
- $4.8m
- Revenue
- $489.7k
- Investments
- $4.6m
- Employees
- 0
- Location
- Captiva, FL
- Founding
- 08/2018
- Data as of
- 12/2021
- EIN
- 82-5092591
Organization Overview
Cegway Foundation Inc is located in Captiva, FL. The organization was established in 2018. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Cegway 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 12/2021, Cegway Foundation Inc generated $489.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (44.9%) each year. All expenses for the organization totaled $245.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST ORGANIZATIONS WHOSE PURPOSES ARE RELIGIOUS, CHARITABLE, SCIENTIFIC, TESTING FOR PUBLIC SAFETY, LITERARY OR EDUCATIONAL, TO FOSTER NATIONAL OR INTERNATIONAL AMATEUR SPORTS COMPETITION OR FOR THE PREVENTION OF CRUELTY TO CHILDREN OR ANIMALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert O Wiesemann II President | 1 | $0 | |
Kathy Wiesemann Secretary | 1 | $0 | |
Carolyn Hyde Director | 0.5 | $0 | |
Ellen Hayon Director | 0.5 | $0 | |
Gretchen Olwig Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25,640 |
| Dividends & Interest | $111,956 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $352,099 |
| Capital Gain Net Income | $352,099 |
| Net ST Capital Gain | $263,874 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $489,695 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,751 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $61 |
| Total operating and administrative expenses | $24,024 |
| Contributions, gifts, grants paid | $221,730 |
| Total expenses and disbursements | $245,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $264,786 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $5,553 |
| 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 | $2,078,408 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,837,058 |
| Accounts payable and accrued expenses | $4,954 |
| 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 | $4,954 |
Grants Awarded
Over the last fiscal year, Cegway Foundation Inc has awarded $317,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HSHS ST MARY'S FOUNDATION PURPOSE: VARIOUS | $250,000 |
ST TERESA HIGH SCHOOL PURPOSE: VARIOUS | $67,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Emergency Assistance Foundation Inc West Palm Beach, FL | $75,784,415 | $87,494,207 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Truist Foundation Inc Orlando, FL | $535,253,915 | $119,578,224 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Publix Super Markets Charities Inc Lakeland, FL | $259,322,738 | $58,315,085 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |