Roena Cornett Foundation
- Assets
- $997.8k
- Revenue
- $123.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Hardin, KY
- Founding
- 05/1999
- Data as of
- 12/2022
- EIN
- 95-7044437
Organization Overview
Roena Cornett Foundation is located in Hardin, KY. The organization was established in 1999. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Roena Cornett 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, Roena Cornett Foundation generated $123.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $59.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LOW INCOME HOUSING AND TO PROVIDE CARE AND PROTECTION OF DOMESTIC ANIMALS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $33,129 |
| Net Rental Income | $57,197 |
| 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 | $60 |
| Total Revenue | $123,400 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $9,863 |
| Taxes | $12,497 |
| Depreciation | $7,351 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,254 |
| Total operating and administrative expenses | $56,640 |
| Contributions, gifts, grants paid | $3,309 |
| Total expenses and disbursements | $59,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,101 |
| Savings and temporary cash investments | $4,428 |
| Net Accounts receivable | $7,917 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $390,000 |
| 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 | $551,895 |
| Other assets | $15,494 |
| Total assets | $997,835 |
| Accounts payable and accrued expenses | $356 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $139,096 |
| Other liabilities | $0 |
| Total liabilities | $139,452 |
Grants Awarded
Over the last fiscal year, Roena Cornett Foundation has awarded $3,309 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BOXER RESCUE PURPOSE: GENERAL SUPPORT | $2,200 |
ORANGUTAN FOUNDATION PURPOSE: GENERAL SUPPORT | $17 |
GO FUND ME PURPOSE: GENERAL SUPPORT | $700 |
STEALTHANGELSURVIVALCOM PURPOSE: GENERAL SUPPORT | $163 |
PROJECT STREET VET PURPOSE: GENERAL SUPPORT | $104 |
THE CUDDLY GROUP PURPOSE: GENERAL SUPPORT | $125 |