Alexander And Sarah Cutler Family Foundation
- Assets
- $2.7m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Gates Mills, OH
- Founding
- 02/1999
- Data as of
- 12/2023
- EIN
- 34-1881176
Organization Overview
Alexander And Sarah Cutler Family Foundation is located in Gates Mills, OH. 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. Alexander And Sarah Cutler 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, Alexander And Sarah Cutler Family Foundation generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Alexander And Sarah Cutler Family Foundation has awarded 81 individual grants totaling $12,979,038. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander M Cutler Trustee | 0 | $0 | |
Sarah S Cutler Trustee | 0 | $0 | |
John F Shelley Trustee | 0 | $0 | |
Tamara S Simone Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,500,000 |
| Interest on Savings | $25,135 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$13,651 |
| Capital Gain Net Income | $2,310,917 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,511,484 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $221 |
| Total operating and administrative expenses | $221 |
| Contributions, gifts, grants paid | $2,858,938 |
| Total expenses and disbursements | $2,859,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,656,152 |
| 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 | $2,656,152 |
| 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, Alexander And Sarah Cutler Family Foundation has awarded $2,858,938 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ALBION COLLEGE PURPOSE: GENERAL TAX-EXEMPT PURPOSES | $400,000 |
CLEVELAND MUSEUM OF ART PURPOSE: GENERAL TAX-EXEMPT PURPOSES | $0 |
YALE UNIVERSITY PURPOSE: GENERAL TAX-EXEMPT PURPOSES | $152,800 |
LOOMIS CHAFFEE PURPOSE: GENERAL TAX-EXEMPT PURPOSES | $625,000 |
UNITED WAY OF GREATER CLEVELAND PURPOSE: GENERAL TAX-EXEMPT PURPOSES | $100,000 |
TUCK SCHOOL OF BUSINESS AT DARTMOUTH PURPOSE: GENERAL TAX-EXEMPT PURPOSES | $502,800 |