Cornelia And Michael Bessie Foundation
- Assets
- $3.4m
- Revenue
- $124.4k
- Investments
- $3.3m
- Employees
- 0
- Location
- West Hartford, CT
- Founding
- 07/2008
- Data as of
- 12/2022
- EIN
- 26-2341663
Organization Overview
Cornelia And Michael Bessie Foundation is located in West Hartford, CT. The organization was established in 2008. 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. Cornelia And Michael Bessie 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, Cornelia And Michael Bessie Foundation generated $124.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $214.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Cornelia And Michael Bessie Foundation has awarded 130 individual grants totaling $1,718,394. 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 |
|---|---|---|---|
Therese Davidson Trustee | 10 | $0 | |
Chase Wilson Roeper Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $61,637 |
| Dividends & Interest | $36,265 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,494 |
| Capital Gain Net Income | $26,494 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $124,396 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $39,430 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,397 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $813 |
| Total operating and administrative expenses | $53,502 |
| Contributions, gifts, grants paid | $161,200 |
| Total expenses and disbursements | $214,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,205 |
| Savings and temporary cash investments | $0 |
| 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 | $3,406,141 |
| 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, Cornelia And Michael Bessie Foundation has awarded $161,200 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
A LITTLE COMPASSION INC PURPOSE: CURRENT USE FOR CHARITABLE PURPOSES | $15,000 |
CARE PURPOSE: CURRENT USE FOR CHARITABLE PURPOSES | $10,000 |
CARING CUPBOARD INC (OPEN CUPBOARD) PURPOSE: CURRENT USE FOR CHARITABLE PURPOSES | $10,000 |
CAT TAILS INC PURPOSE: CURRENT USE FOR CHARITABLE PURPOSES | $5,000 |
FLYING GRAVITY CIRCUS PURPOSE: CURRENT USE FOR CHARITABLE PURPOSES | $10,000 |
CLASSICAL UPRISING PURPOSE: CURRENT USE FOR CHARITABLE PURPOSES | $10,000 |