Charles B & Margaret E Cushwa Foundation 07682-003
- Assets
- $770.0k
- Revenue
- $29.3k
- Investments
- $724.5k
- Employees
- 0
- Location
- Brooklyn, OH
- Founding
- 12/1997
- Data as of
- 12/2022
- EIN
- 34-1787513
Organization Overview
Charles B & Margaret E Cushwa Foundation 07682-003 is located in Brooklyn, OH. The organization was established in 1997. 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. Charles B & Margaret E Cushwa Foundation 07682-003 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, Charles B & Margaret E Cushwa Foundation 07682-003 generated $29.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (22.7%) each year. All expenses for the organization totaled $146.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Charles B & Margaret E Cushwa Foundation 07682-003 has awarded 23 individual grants totaling $356,280. 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 |
|---|---|---|---|
Keybank National Association Trustee | 1 | $13,445 | |
William W Cushwa Board Member/director | 1 | $0 | |
Nicholas Wolsonovich Board Member/director | 1 | $0 | |
Mara E Cushwa Board Member/director | 1 | $0 | |
N Michael Wolsonovich Jr Board Member/director | 1 | $0 | |
William W Cushwa Jr Board Member/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $38,371 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,030 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,341 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,445 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $990 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $833 |
| Total operating and administrative expenses | $16,318 |
| Contributions, gifts, grants paid | $130,500 |
| Total expenses and disbursements | $146,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $45,534 |
| 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 | $724,500 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $770,034 |
| 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, Charles B & Margaret E Cushwa Foundation 07682-003 has awarded $130,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
DUQUESNE UNIVERSITY PURPOSE: SCHOLARSHIP | $40,000 |
CARDINAL MOONEY HIGH SCHOOL PURPOSE: SCHOLARSHIP | $10,000 |
CARLOW UNIVERSITY PURPOSE: SCHOLARSHIP | $12,500 |
JOHN CARROLL UNIVERSITY PURPOSE: SCHOLARSHIP | $32,500 |
URSULINE HIGH SCHOOL PURPOSE: SCHOLARSHIP | $10,000 |
UNIVERSITY OF MIAMI PURPOSE: SCHOLARSHIP | $10,000 |