Cnb Foundation
- Assets
- $853.7k
- Revenue
- $325.8k
- Investments
- $845.0k
- Employees
- 0
- Location
- Hillsdale, MI
- Founding
- Data as of
- 12/2022
- EIN
- 84-4079672
Organization Overview
Cnb Foundation is located in Hillsdale, MI. 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. Cnb 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, Cnb Foundation generated $325.8k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $39.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Phillips President | 1 | $0 | |
Amber Yoder Secretary | 1 | $0 | |
Erik Lawson Treasurer | 1 | $0 | |
Chris Clarke Director | 1 | $0 | |
Judy Gabriele Director | 1 | $0 | |
Mary Murray Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $86 |
| Dividends & Interest | $18,574 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,129 |
| Capital Gain Net Income | $7,129 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2 |
| Total Revenue | $325,791 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $718 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,805 |
| Contributions, gifts, grants paid | $36,833 |
| Total expenses and disbursements | $39,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,652 |
| 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 | $845,027 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $853,679 |
| 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, Cnb Foundation has awarded $36,833 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SALVATION ARMY PURPOSE: GENERAL SUPPORT | $500 |
JACKSON HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $3,500 |
THE HILLSDALE COUNTY AGRICULTURE SOCIETY PURPOSE: GENERAL SUPPORT | $2,500 |
LENAWEE COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT | $13,333 |
HILLSDALE COMMUNITY SCHOOLS PURPOSE: GENERAL SUPPORT | $2,000 |
JUNIOR ACHIEVEMENT OF THE MICHIGAN EDGE PURPOSE: GENERAL SUPPORT | $5,000 |