Corabelle Lumps Foundation
- Assets
- $180.2m
- Revenue
- $33.2m
- Investments
- $179.3m
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 07/2008
- Data as of
- 12/2023
- EIN
- 26-6208988
Organization Overview
Corabelle Lumps Foundation is located in Princeton, NJ. The organization was established in 2008. 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. Corabelle Lumps 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 12/2023, Corabelle Lumps Foundation generated $33.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $13.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Corabelle Lumps Foundation has awarded 18 individual grants totaling $52,770,000. 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 |
|---|---|---|---|
Anne Dinning Trustee | 0.5 | $0 | |
Michael Wolf Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,635,974 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$429,932 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,206,042 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $37,050 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $163,559 |
| Total operating and administrative expenses | $213,109 |
| Contributions, gifts, grants paid | $13,200,000 |
| Total expenses and disbursements | $13,413,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $408,159 |
| Savings and temporary cash investments | $534,979 |
| 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 | $55,749,949 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $180,205,488 |
| 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, Corabelle Lumps Foundation has awarded $13,200,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PARTNERS IN HEALTH A NONPROFIT CORPORATION PURPOSE: PHILANTHROPIC | $8,000,000 |
ROBIN HOOD FOUNDATION PURPOSE: PHILANTHROPIC | $2,700,000 |
NATURAL RESOURCES DEFENSE COUNCIL PURPOSE: PHILANTHROPIC | $2,500,000 |