Corkins Family Foundation
- Assets
- $7.2m
- Revenue
- $212.3k
- Investments
- $6.3m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 07/2010
- Data as of
- 12/2022
- EIN
- 27-0858631
Organization Overview
Corkins Family Foundation is located in Denver, CO. The organization was established in 2010. 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. Corkins Family 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, Corkins Family Foundation generated $212.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $170.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $478,657 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $174,408 |
| Capital Gain Net Income | $174,408 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$440,785 |
| Total Revenue | $212,280 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $30,997 |
| Taxes | $19,113 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $102,908 |
| Total operating and administrative expenses | $170,188 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $170,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $720,707 |
| 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 | $168,261 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,345,606 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,234,574 |
| 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 | $569,857 |
| Total liabilities | $569,857 |
Grants Awarded
Over the last fiscal year, Corkins Family Foundation has awarded $429,013 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TRUSTEES OF PHILLIPS ACADEMY PURPOSE: GENERAL FUND CONTRIBUTION | $260,000 |
KEEWAYDIN FOUNDATION PURPOSE: GENERAL FUND CONTRIBUTION | $100,000 |
REGIS JESUIT HIGH SCHOOL PURPOSE: GENERAL FUND CONTRIBUTION | $69,013 |