Robert And Virginia Cornog Family Foundation
- Assets
- $434.9k
- Revenue
- $20.5k
- Investments
- $420.2k
- Employees
- 0
- Location
- Naples, FL
- Founding
- 01/2003
- Data as of
- 12/2023
- EIN
- 30-6039662
Organization Overview
Robert And Virginia Cornog Family Foundation is located in Naples, FL. The organization was established in 2003. 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. Robert And Virginia Cornog 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 12/2023, Robert And Virginia Cornog Family Foundation generated $20.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $29.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS FOUNDATION IS ORGANIZED AND OPERATED SOLELY FOR THE PURPOSE OF MAKING CASH DONATIONS TO QUALIFYING PUBLIC CHARITIES. IT DOES NOT ENGAGE IN ANY OTHER DIRECT CHARITABLE ACTIVITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert A Cornog Trustee | 1 | $0 | |
Virginia A Cornog Trustee | 1 | $0 | |
Robert A Cornog Jr Trustee | 1 | $0 | |
Andrea Cornog Kenealey Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $125 |
| Dividends & Interest | $11,676 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,723 |
| Capital Gain Net Income | $8,723 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,524 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $360 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,405 |
| Total operating and administrative expenses | $7,115 |
| Contributions, gifts, grants paid | $22,250 |
| Total expenses and disbursements | $29,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,640 |
| 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 | $434,859 |
| 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, Robert And Virginia Cornog Family Foundation has awarded $22,250 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION OF COLLIER COUNTY PURPOSE: SCHOLARSHIP FUND | $250 |
GUADALUPE CENTER PURPOSE: GENERAL FUND | $1,000 |
ILLINOIS INSTITUTE OF TECHNOLOGY PURPOSE: GENERAL FUND | $10,000 |
NAPLES YACHT CLUB PURPOSE: SCHOLARSHIP FUND | $1,000 |
NCH CENTER FOR PHILANTHROPY PURPOSE: GENERAL FUND | $7,500 |
UNIVERSITY OF CHICAGO PURPOSE: GENERAL FUND | $2,500 |