Cipione Family Foundation Inc
- Assets
- $2.3m
- Revenue
- $8.4k
- Investments
- $2.2m
- Employees
- 0
- Location
- Austin, TX
- Founding
- 09/1999
- Data as of
- 12/2023
- EIN
- 31-1663062
Organization Overview
Cipione Family Foundation Inc is located in Austin, TX. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Cipione Family Foundation Inc 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, Cipione Family Foundation Inc generated $8.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (36.0%) each year. All expenses for the organization totaled $206.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Cipione Family Foundation Inc has awarded 126 individual grants totaling $969,435. 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 |
|---|---|---|---|
Clay Cipione President | 0 | $0 | |
Camille Cipione Vice President | 3 | $30,000 | |
Charles Cipione Secretary | 0 | $0 | |
Kendall R Holden Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,480 |
| Dividends & Interest | $48,980 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$45,099 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $54 |
| Total Revenue | $8,415 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $63,169 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,985 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,724 |
| Total operating and administrative expenses | $97,009 |
| Contributions, gifts, grants paid | $109,130 |
| Total expenses and disbursements | $206,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,885 |
| 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 | $625,561 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,268,966 |
| 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, Cipione Family Foundation Inc has awarded $109,130 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
CASA OF TRAVIS COUNTY PURPOSE: GENERAL OPERATIONS | $26,000 |
WOMENS SYMPHONY LEAGUE PURPOSE: GENERAL OPERATIONS | $7,500 |
MD ANDERSON CANCER CENTER PURPOSE: GENERAL OPERATIONS | $3,000 |
DELL CHILDREN'S MEDICAL CENTER FND PURPOSE: GENERAL OPERATIONS | $33,332 |
YOUNG LIFE AUSTIN WEST PURPOSE: GENERAL OPERATIONS | $2,000 |
HELPING HAND HOME FOR CHILDREN PURPOSE: GENERAL OPERATIONS | $1,000 |