James H Cummings Foundation Inc
- Assets
- $45.3m
- Revenue
- $4.1m
- Investments
- $45.2m
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 07/1964
- Data as of
- 05/2024
- 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 05/2024, James H Cummings Foundation Inc generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 28.8% each year . All expenses for the organization totaled $3.0m during the year ending 05/2024. While expenses have increased by 9.1% 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 452 individual grants totaling $22,364,330. 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 |
|---|---|---|---|
Charles F Kreiner Jr President | 1 | $14,750 | |
Christopher T Greene Vice President | 1 | $14,750 | |
William L Joyce Treasurer | 1 | $14,750 | |
Lavonne Ansari Director | 1 | $14,000 | |
Amy L Clifton Director | 1 | $14,000 | |
Theodore I Putnam MD Director | 1 | $14,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,183,395 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,882,783 |
| Capital Gain Net Income | $2,882,783 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,066,178 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $157,000 |
| Other employee salaries and wages | $8,930 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $36,897 |
| Depreciation | $0 |
| Occupancy | $13,105 |
| Travel, conferences, and meetings | $2,900 |
| Printing and publications | $0 |
| Other expenses | $19,410 |
| Total operating and administrative expenses | $402,427 |
| Contributions, gifts, grants paid | $2,586,790 |
| Total expenses and disbursements | $2,989,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,831 |
| Savings and temporary cash investments | $109,041 |
| 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 | $247,064 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $45,318,217 |
| 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 $5,268,810 in support to 102 organizations.
| Grant Recipient | Amount |
|---|---|
ARTS FOR LEARNING WNY PURPOSE: TECHNOLOGY UPGRADES | $6,300 |
BOYS AND GIRLS CLUB NORTHTOWNS PURPOSE: NORTHTOWNS SPORTS COURT | $25,000 |
BEECHWOOD BLOCHER FOUNDATION PURPOSE: NORTH CHURCH PAVILION | $8,040 |
BESTSELF BEHAVIORAL HEALTH PURPOSE: RELOCATION OF CHILD ADVOCACY CENTER AT BESTSELF | $50,000 |
BOYS AND GIRLS CLUB OF BUFFALO PURPOSE: BUFFALO PLAYGROUND PROJECT AND ROOF REPAIR | $15,000 |
BROTHERS OF MERCY PURPOSE: BROTHERS OF MERCY AND UB RESILIENCE CENTER | $57,000 |