Cornell Brewer Foundation
- Assets
- $9.1m
- Revenue
- $288.3k
- Investments
- $8.7m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 26-3205517
Organization Overview
Cornell Brewer Foundation is located in Chicago, IL. The organization was established in 2009. 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. Cornell Brewer 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, Cornell Brewer Foundation generated $288.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $763.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cornell Brewer Foundation has awarded 86 individual grants totaling $852,595. 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 H Brewer President | 25 | $158,000 | |
David D Jackson VP & Treasurer | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $835 |
| Dividends & Interest | $141,358 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $136,041 |
| Capital Gain Net Income | $136,041 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,035 |
| Total Revenue | $288,269 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $158,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,231 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,839 |
| Printing and publications | $970 |
| Other expenses | $889 |
| Total operating and administrative expenses | $396,235 |
| Contributions, gifts, grants paid | $367,000 |
| Total expenses and disbursements | $763,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $419,216 |
| 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 | $8,674,142 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,093,358 |
| 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, Cornell Brewer Foundation has awarded $367,000 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
ALPINE CHAPEL PURPOSE: SPECIFIC CHURCH | $6,000 |
CANOPY CHURCH PURPOSE: SPECIFIC CHURCH | $5,000 |
AMAZING GRACE FELLOWSHIP CHURCH PURPOSE: SPECIFIC CHURCH | $5,000 |
DAVID & CLAUDIA JACKSON FOUNDATION PURPOSE: PUBLIC OR SOCIETY BENEFIT | $25,000 |
ETHNOS360 PURPOSE: PUBLIC OR SOCIETY BENEFIT | $7,500 |
FOUNDATION FOR HEARING AND SPEECH PURPOSE: PUBLIC OR SOCIETY BENEFIT | $2,000 |