Cranaleith Foundation Inc
- Assets
- $21.6m
- Revenue
- $1.6m
- Investments
- $20.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1994
- Data as of
- 12/2022
- EIN
- 23-2726952
Organization Overview
Cranaleith Foundation Inc is located in New York, NY. The organization was established in 1994. 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. Cranaleith 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 12/2022, Cranaleith Foundation Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cranaleith Foundation Inc has awarded 386 individual grants totaling $6,708,025. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francis H Trainer Jr President | 2 | $0 | |
Jeanne A Trainer Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $750,000 |
| Interest on Savings | $467 |
| Dividends & Interest | $884,993 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,679 |
| Capital Gain Net Income | $11,679 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,647,139 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,664 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $702 |
| Total operating and administrative expenses | $48,815 |
| Contributions, gifts, grants paid | $1,268,500 |
| Total expenses and disbursements | $1,317,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $782,384 |
| 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 | $21,552,085 |
| 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, Cranaleith Foundation Inc has awarded $1,268,500 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
CAHN FELLOWSTEACHERS COLLEGE PURPOSE: STRENTHEN PUBLIC SCHOOLS BY INVESTING IN ITS' SCHOOL LEADERS | $200,000 |
ARBOR DAY FOUNDATION PURPOSE: ENVIRONMENTAL | $5,000 |
CHRISTIAN APPALACHIAN PROJECT PURPOSE: HUMANITARIAN | $20,000 |
CRANALEITH SPIRITUAL CENTER PURPOSE: SPIRITUAL CENTER | $50,000 |
DENVER ZOO PURPOSE: ANIMAL WELFARE | $10,000 |
BEREA COLLEGE PURPOSE: COLLEGE | $7,500 |