Cornet Creek Foundation
- Assets
- $1.2m
- Revenue
- $204.7k
- Investments
- $586.1k
- Employees
- 0
- Location
- Telluride, CO
- Founding
- 02/2019
- Data as of
- 12/2023
- 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 12/2023, Cornet Creek Foundation generated $204.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 38.8% each year . All expenses for the organization totaled $91.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cornet Creek Foundation has awarded 61 individual grants totaling $306,260. 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 | $15,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,492 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $170,222 |
| Capital Gain Net Income | $170,222 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5 |
| Total Revenue | $204,719 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,097 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $806 |
| Total operating and administrative expenses | $9,403 |
| Contributions, gifts, grants paid | $81,716 |
| Total expenses and disbursements | $91,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $628,620 |
| 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 | $1,214,701 |
| 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 | $4,500 |
| Total liabilities | $4,500 |
Grants Awarded
Over the last fiscal year, Cornet Creek Foundation has awarded $81,716 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
AH HAA SCHOOL OF ARTS PURPOSE: GIVING ACCESS AND OPPORTUNITY FOR PEOPLE OF ALL AGES TO ENGAGE IN CREATIVE EXPERIENCES. | $2,060 |
CLIMATE SCIENCE AWARENESS AND SOULTIONS PURPOSE: WORKING TO CONTINUE ADVANCING BASIC CLIMATE SCIENCE TO PROMOTING PUBLIC AWARENESS TO ADVOCATING POLICY ACTIONS. | $5,000 |
EARTH SCHOOL EDUCATION FOUNDATION PURPOSE: PRODUCE AND DISTRIBUTE MEDIA ABOUT CLIMATE CHANGE SOLUTIONS AND ENVIRONMENTAL STEWARDSHIP. | $5,000 |
KOTO RADIO TELLURID PURPOSE: INFORM, EDUCATE, AND ENTERTAIN WHILE REFLECTING THE NEEDS, DESIRES, AND DIERSITY OF OUR COMMUNITY | $250 |
MOUNTAINFILM LTD PURPOSE: SHOWCASE NONFICTION STORES ABOUT ENVIRONMENTAL, CULUTURAL, CLIMBING, POLITICAL AND SOCIAL JUSTICE ISSUES IN TELLURIDE | $4,600 |
PINHEAD INSTITUTE INC 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 | $7,000 |