William E Cross Foundation Inc
- Assets
- $15.8m
- Revenue
- $2.3m
- Investments
- $14.5m
- Employees
- 0
- Location
- Frederick, MD
- Founding
- 07/2004
- Data as of
- 12/2021
- EIN
- 20-1220528
Organization Overview
William E Cross Foundation Inc is located in Frederick, MD. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. William E Cross 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 12/2021, William E Cross Foundation Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 11.3% per year over the past 4 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, William E Cross Foundation Inc has awarded 218 individual grants totaling $2,094,000. 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 |
|---|---|---|---|
Arthur B Brisker Vice-Pres/direc | 5 | $61,880 | |
Donald C Linton President/dire | 5 | $61,880 | |
Rebecca Linton Treasurer/direc | 2 | $30,880 | |
Hazel Brisker Secretary/direc | 2 | $25,880 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $475,766 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,777,163 |
| Capital Gain Net Income | $1,777,163 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,252,929 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $228,520 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,715 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $102,720 |
| Total operating and administrative expenses | $370,632 |
| Contributions, gifts, grants paid | $1,298,000 |
| Total expenses and disbursements | $1,668,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,736 |
| Savings and temporary cash investments | $1,027,119 |
| 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 | $14,437,846 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $153,654 |
| Total assets | $15,766,451 |
| 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, William E Cross Foundation Inc has awarded $1,298,000 in support to 108 organizations.
| Grant Recipient | Amount |
|---|---|
FANNIN CHRISTIAN CENTER PURPOSE: FOR PROGRAM SERVICES | $500,000 |
UNITED WAY OF FREDERICK COUNTY PURPOSE: FOR PROGRAM SERVICES | $82,000 |
Frederick, MD PURPOSE: FOR PROGRAM SERVICES | $27,500 |
BRETHREN DISASTER MINISTRIES PURPOSE: FOR PROGRAM SERVICES | $25,000 |
Fort Myers, FL PURPOSE: FOR PROGRAM SERVICES | $20,000 |
Rockville, MD PURPOSE: FOR PROGRAM SERVICES | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Morgridge Family Foundation Wilmington, DE | $205,419,134 | $22,580,458 |
GDS Legacy Foundation Inc Wilmington, DE | $0 | $575,846 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
Living Legacy Foundation Wilmington, DE | $129,501,628 | $9,577,224 |
Zachary Smith Reynolds Trust Pittsburgh, PA | $187,892,547 | $20,789,622 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $0 | $1,758,712 |
Breakthrough Prize In Life Sciences Foundation Washington, DC | $615,230 | $10,652,847 |