Cnx Foundation
- Assets
- $275.8k
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Canonsburg, PA
- Founding
- Data as of
- 12/2023
- EIN
- 87-2046299
Organization Overview
Cnx Foundation is located in Canonsburg, PA. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Cnx 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, Cnx Foundation generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (15.6%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Cnx Foundation has awarded 149 individual grants totaling $5,240,875. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MENTORSHIP ACADEMY IS AN INITIATIVE OF CNX FOUNDATION AND PART OF CNX'S COMMITMENT TO INVESTING IN ITS LOCAL COMMUNITY. DESIGNED FOR HIGH SCHOOL STUDENTS WHO DO NOT PLAN TO IMMEDIATELY ATTEND A FOUR-YEAR COLLEGE, THE ACADEMY IS FOCUSED ON PROVIDING URBAN AND RURAL YOUTH FROM ECONOMICALLY DISADVANTAGED REGIONAL APPALACHIAN COMMUNITIES WITH GREATER OPPORTUNITIES HELPING PROVIDE THESE YOUNG ADULTS A BRIDGE TO FAMILY-SUSTAINING CAREERS. FOLLOWING THE MENTORSHIP PROGRAM, STUDENTS WILL HAVE DEVELOPED NEW RELATIONSHIPS WITH PEERS AND BUSINESS LEADERS ACROSS WESTERN PENNSYLVANIA, A NEW EXCITEMENT FOR THE REGION'S CAREER OPPORTUNITIES AND AN UNDERSTANDING OF HOW TO PURSUE THOSE CAREERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Aiello Chair/president | 1 | $0 | |
Alexander Reyes Director | 1 | $0 | |
Cody Craker Director | 1 | $0 | |
Erika Whetstone Director | 1 | $0 | |
John Bettis Director | 1 | $0 | |
Jeff Nobers Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,250,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $89,129 |
| Total Revenue | $2,339,129 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $144,370 |
| Printing and publications | $0 |
| Other expenses | $650,731 |
| Total operating and administrative expenses | $860,154 |
| Contributions, gifts, grants paid | $2,233,845 |
| Total expenses and disbursements | $3,093,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $275,841 |
| 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 | $275,841 |
| 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, Cnx Foundation has awarded $2,233,845 in support to 107 organizations.
| Grant Recipient | Amount |
|---|---|
4-H LIVESTOCK CLUBS PURPOSE: GENERAL PURPOSES | $22,412 |
BIG BROTHERS BIG SISTERS PURPOSE: GENERAL PURPOSES | $10,000 |
BUS STOPS HERE FOUNDATION PURPOSE: GENERAL PURPOSES | $10,000 |
CCAC EDUCATION FOUNDATION PURPOSE: GENERAL PURPOSES | $24,000 |
FOOD HELPERS PURPOSE: GENERAL PURPOSES | $155,000 |
GREENE COUNTY FAIR PURPOSE: GENERAL PURPOSES | $20,000 |