Cornelius Family Foundation Inc
- Assets
- $1.5m
- Revenue
- $662.2k
- Investments
- $1.3m
- Employees
- 0
- Location
- Zionsville, IN
- Founding
- 12/1998
- Data as of
- 12/2020
- EIN
- 35-2030709
Organization Overview
Cornelius Family Foundation Inc is located in Zionsville, IN. The organization was established in 1998. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2020, Cornelius Family Foundation Inc generated $662.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (35.9%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cornelius Family Foundation Inc has awarded 22 individual grants totaling $5,840,000. 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 |
|---|---|---|---|
Andrew James Cornelius Director | 0 | $0 | |
James M Cornelius President | 2 | $0 | |
Lindsay Anne Harmon Director | 9 | $0 | |
Kathleen M Cornelius Vp/secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $104,635 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $557,561 |
| Capital Gain Net Income | $557,561 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $662,196 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,072 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $270 |
| Total operating and administrative expenses | $48,375 |
| Contributions, gifts, grants paid | $2,920,000 |
| Total expenses and disbursements | $2,968,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,909 |
| Savings and temporary cash investments | $220,243 |
| 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 | $1,499,965 |
| 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, Cornelius Family Foundation Inc has awarded $5,840,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: CHARITABLE | $1,000,000 |
Indianapolis, IN PURPOSE: CHARITABLE | $1,000,000 |
LITTLE SISTERS OF THE POOR PURPOSE: CHARITABLE | $750,000 |
LITTLE SISTERS OF THE POOR PURPOSE: CHARITABLE | $750,000 |
HOLY SPIRIT CATHOLIC CHURCH PURPOSE: CHARITABLE | $500,000 |
HOLY SPIRIT CATHOLIC CHURCH PURPOSE: CHARITABLE | $500,000 |
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|---|---|---|
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Horizon House Of Illinois Valley Inc Peru, IL | $4,841,894 | $6,761,166 |
Cdc Resources Inc Monticello, IN | $3,954,803 | $4,946,653 |
Innovation Development Institute Inc Chicago, IL | $6,964,932 | $4,832,966 |
Jefferson County Comprehensive Mt Vernon, IL | $2,999,960 | $3,918,137 |
Master Provisions Inc Florence, KY | $1,584,519 | $4,127,191 |
Lakeshore Cap Inc Of Wisconsin Manitowoc, WI | $5,216,462 | $3,840,616 |
The Grow America Project Gladstone, MO | $1,273,743 | $3,213,514 |
West Suburban Community Pantry Inc Woodridge, IL | $2,578,313 | $3,674,949 |