Cumming Foundation
- Assets
- $97.5m
- Revenue
- $13.2m
- Investments
- $80.0m
- Employees
- 0
- Location
- Jackson, WY
- Founding
- 05/1987
- Data as of
- 12/2021
- EIN
- 87-0440091
Organization Overview
Cumming Foundation is located in Jackson, WY. The organization was established in 1987. 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. Cumming 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, Cumming Foundation generated $13.2m in total revenue. All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 79.4% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cumming Foundation has awarded 211 individual grants totaling $17,732,868. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vp, Trustee, And Executive Director | 0.2 | $0 | |
Name Not Listed Treasurer | 1 | $0 | |
Name Not Listed Trustee And President | 17.2 | $160,290 | |
Name Not Listed Trustee | 1 | $0 | |
Name Not Listed Secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Faegre Drinker Biddle & Reath Llp | 12/30/22 | $64,100 |
Cumming Management Company Llc | 12/30/22 | $541,771 |
Skadden Arps Slate Meagher & Flom Llp | 12/30/22 | $58,475 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,675,867 |
| Interest on Savings | $1,015 |
| Dividends & Interest | $1,904,040 |
| Net Rental Income | $38,491 |
| Net Gain on Sale of Assets | $845,057 |
| Capital Gain Net Income | $840,889 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,295,301 |
| Total Revenue | $13,169,169 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $160,381 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $11,423 |
| Interest | $48 |
| Taxes | $87,601 |
| Depreciation | $0 |
| Occupancy | $34,457 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,288 |
| Total operating and administrative expenses | $452,234 |
| Contributions, gifts, grants paid | $2,328,000 |
| Total expenses and disbursements | $2,780,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,169,153 |
| Savings and temporary cash investments | $460,888 |
| 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 | $11,500,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $64,383,225 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $297,017 |
| Total assets | $97,474,800 |
| 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 | $850 |
| Total liabilities | $850 |
Grants Awarded
Over the last fiscal year, Cumming Foundation has awarded $11,925,000 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
THE WINSTON SCHOOL- READING INTERVENTION PROGRAMS PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
ONE22 RESOURCE CENTER PURPOSE: GENERAL OPERATING SUPPORT | $500 |
THE WINSTON SCHOOL- TECHNOLOGY INFRASTRUCTURE PURPOSE: GENERAL OPERATING SUPPORT | $125,000 |
UNIVERSITY OF UTAH JOHN A MORAN EYE CENTER- CUMMING PRESIDENTIAL ENDOWED PURPOSE: GENERAL OPERATING SUPPORT | $1,500,000 |
PLANNED PARENTHOOD HUDSON PECONIC- EAST END BENEFIT PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
RURAL UTAH PROJECT EDUCATION FUND PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |