Cormura Foundation
- Assets
- $640.2k
- Revenue
- $62.6k
- Investments
- $603.5k
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 12/2000
- Data as of
- 12/2021
- EIN
- 33-0931699
Organization Overview
Cormura Foundation is located in Newport Beach, CA. The organization was established in 2000. 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. Cormura 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 12/2021, Cormura Foundation generated $62.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $67.6k during the year ending 12/2021. While expenses have increased by 7.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Cormura Foundation has awarded 49 individual grants totaling $302,925. 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 |
|---|---|---|---|
Kathrine K Corliss Secretary | 20 | $0 | |
Samuel B Corliss Jr President | 20 | $0 | |
Vander I Corliss Vice President | 20 | $0 | |
Sandra K Corliss Treasurer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,397 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,250 |
| Capital Gain Net Income | $34,250 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $62,647 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $547 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $2,872 |
| Contributions, gifts, grants paid | $64,725 |
| Total expenses and disbursements | $67,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,674 |
| 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 | $603,494 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $640,168 |
| 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, Cormura Foundation has awarded $64,725 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Gladstone, NJ PURPOSE: SUPPORT FOR EDUCATIONAL PURPOSES DESCRIBED IN BYLAWS | $17,000 |
VERBUM DEI HIGH SCHOOL PURPOSE: SUPPORT FOR EDUCATIONAL PURPOSES DESCRIBED IN BYLAWS | $15,000 |
ST MARGARET'S EPISCOPAL CHURCH PURPOSE: SUPPORT FOR EDUCATIONAL PURPOSES DESCRIBED IN BYLAWS | $11,000 |
Newport Beach, CA PURPOSE: SUPPORT FOR EDUCATIONAL PURPOSES DESCRIBED IN BYLAWS | $5,000 |
EMBRACE CARVER ELEMENTARY FOUNDATION PURPOSE: SUPPORT FOR EDUCATIONAL PURPOSES DESCRIBED IN BYLAWS | $5,000 |
CROSSROADS COLLEGE PREPARATORY SCHOOL PURPOSE: SUPPORT FOR EDUCATIONAL PURPOSES DESCRIBED IN BYLAWS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Snap Foundation Santa Monica, CA | $165,494,601 | $537,573 |
John Pritzker Family Fund Redwood City, CA | $7,615,053 | $13,500,772 |
Newton And Rochelle Beckercharitable Trust Larkspur, CA | $179,394,273 | $14,820,252 |
Katie Mcgrath & J J Abrams Family Foundation Encino, CA | $5,090,305 | $12,922,680 |
Chuck Lorre Family Foundation Los Angeles, CA | $141,428,582 | $34,550,743 |
San Francisco Pretrial Diversion Project San Francisco, CA | $1,963,286 | $8,653,584 |
Elizabeth R & William J Patterson Foundation San Anselmo, CA | $0 | $2,038,322 |
Quest Foundation Danville, CA | $120,069,342 | $12,892,793 |
S Mark Taper Foundation Los Angeles, CA | $110,679,604 | $17,411,120 |
Moreno Family Foundation Phoenix, AZ | $117,327,204 | $12,846,787 |
William S And Nancy E Thompson Foundation Newport Beach, CA | $84,169,133 | $9,975,811 |
The Lakeview Foundation Greenbrae, CA | $2,321,091 | $1,301,410 |