Cornet Creek Foundation
- Assets
- $1.1m
- Revenue
- $40.4k
- Investments
- $1.1m
- Employees
- 0
- Location
- Telluride, CO
- Founding
- 02/2019
- Data as of
- 12/2021
- EIN
- 83-0731411
Organization Overview
Cornet Creek Foundation is located in Telluride, CO. The organization was established in 2019. 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. Cornet Creek 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 12/2021, Cornet Creek Foundation generated $40.4k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $69.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cornet Creek Foundation has awarded 29 individual grants totaling $156,200. 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 | $500 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,014 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,516 |
| Capital Gain Net Income | $14,516 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,367 |
| Total Revenue | $40,397 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $143 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $826 |
| Total operating and administrative expenses | $5,144 |
| Contributions, gifts, grants paid | $64,200 |
| Total expenses and disbursements | $69,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,542 |
| 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 | $1,130,714 |
| 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, Cornet Creek Foundation has awarded $64,200 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Telluride, CO PURPOSE: PROVIDE A HIGH QUALITY EDUCATION TO CHILDREN IN SOUTHWEST COLORADO | $20,000 |
Telluride, CO PURPOSE: PROMOTE PHILANTHROPY AND CREATE A STRONGER COMMUNITY IN TELLURIDE REGION | $10,000 |
GIVEINDIA PURPOSE: HELP INIDA FIGHT COVID | $5,250 |
Telluride, CO PURPOSE: PROMOTE SCIENCE-EDUCATION BOTH LOCALLY AND GLOBALLY THROUGH AN INTERNATIONAL NETWORK OF THE WORLD'S LEADING SCIENTISTS. PINHEAD INSTITUTE EDUCATES AND INSPIRES CHILDREN AND ADULTS IN THE GREATER TELLURIDE REGION ABOUT THE WONDERS OF SCIENCE AND TECHNOLOGY | $5,000 |
Falmouth, MA PURPOSE: STUDY CLIMATE CHANGE IMPACTS AND SOLUTIONS | $5,000 |
Telluride, CO PURPOSE: SECURE THE FINANCIAL RESOURCES REQUIRED TO ENSURE CLINICAL EXCELLENCE AND THE CONTINUED QUALITY OF CARE AT THE TELLURIDE REGIONAL MEDICAL CENTER | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union Pacific Foundation Omaha, NE | $336,276 | $9,519,950 |
Schlessman Foundation Inc Denver, CO | $82,645,895 | $9,127,697 |
Robert M Beren Foundation Inc Wichita, KS | $0 | $13,792,730 |
Winifred Stevens Foundation Tempe, AZ | $145,980,607 | $5,750,312 |
Arizona Sheet Metal Trade Trust Fund Phoenix, AZ | $16,953,948 | $8,730,285 |
Pivotal Foundation Phoenix, AZ | $29,461,930 | $23,938,101 |
Ben And Catherine Ivy Foundation Scottsdale, AZ | $302,350,252 | $12,975,372 |
Homer A Scott And Mildred S Scott Foundation Sheridan, WY | $28,032,742 | $11,071,204 |
A W Baldwin Charitable Foundation Inc Leawood, KS | $13,708,852 | $4,775,692 |
Simone Charitable Foundation Inc Scottsdale, AZ | $116,213,813 | $7,192,727 |
Leland J And Dorothy H Olson Charitable Fountation Omaha, NE | $59,544,198 | $8,036,267 |
Merlin Foundation Boulder, CO | $11,755,104 | $10,100,928 |