James H Cummings Foundation Inc
- Assets
- $43.5m
- Revenue
- $2.8m
- Investments
- $43.3m
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 07/1964
- Data as of
- 05/2022
- EIN
- 16-0864200
Organization Overview
James H Cummings Foundation Inc is located in Buffalo, NY. The organization was established in 1964. 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. James H Cummings Foundation Inc 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 05/2022, James H Cummings Foundation Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $2.0m during the year ending 05/2022. While expenses have increased by 8.1% per year over the past 5 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, James H Cummings Foundation Inc has awarded 336 individual grants totaling $15,899,248. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Jo Hunt Executive Director And Secretary | 30 | $62,500 | |
Christopher T Greene Vice President | 1 | $14,750 | |
William L Joyce Treasurer | 1 | $14,750 | |
Richard C Bryan Jr Director | 1 | $14,750 | |
Charles F Kreiner Jr President | 1 | $14,750 | |
Amy L Clifton Director | 1 | $14,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,717,786 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,053,127 |
| Capital Gain Net Income | $1,053,127 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12 |
| Total Revenue | $2,770,925 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $151,000 |
| Other employee salaries and wages | $8,892 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $36,845 |
| Depreciation | $0 |
| Occupancy | $13,748 |
| Travel, conferences, and meetings | $32 |
| Printing and publications | $0 |
| Other expenses | -$4,324 |
| Total operating and administrative expenses | $388,028 |
| Contributions, gifts, grants paid | $1,569,300 |
| Total expenses and disbursements | $1,957,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,476 |
| Savings and temporary cash investments | $108,764 |
| 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 | $23,234 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $43,491,253 |
| 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, James H Cummings Foundation Inc has awarded $3,930,866 in support to 86 organizations.
| Grant Recipient | Amount |
|---|---|
Buffalo, NY PURPOSE: WEST SIDE BAZAAR CAMPAIGN | $250,000 |
Buffalo, NY PURPOSE: BUFFALO BOTANICAL GARDENS CAPITAL CAMPAIGN | $250,000 |
Buffalo, NY PURPOSE: I2R CENTER & THE FUTURE OF VASCULAR MEDICINE | $185,000 |
Niagara Falls, NY PURPOSE: MRI UPGRADE PROJECT | $125,000 |
Angola, NY PURPOSE: SAFETY UPGRADES | $105,000 |
KENMORE MERCY FOUNDATION PURPOSE: KENMORE MERCY HOSPITAL ICU RENOVATION | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |