Cresswell Family Foundation Inc
- Assets
- $294.6k
- Revenue
- $5.7k
- Investments
- $284.1k
- Employees
- 0
- Location
- Royal Oak, MI
- Founding
- 01/2000
- Data as of
- 12/2022
- EIN
- 38-3483412
Organization Overview
Cresswell Family Foundation Inc is located in Royal Oak, MI. 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. Cresswell 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 12/2022, Cresswell Family Foundation Inc generated $5.7k 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 (43.6%) each year. All expenses for the organization totaled $28.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Cresswell Family Foundation Inc has awarded 22 individual grants totaling $189,500. 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 |
|---|---|---|---|
Margaret B Cresswell Director | 0.15 | $0 | |
Katherine Ann Tisserand Director | 0.15 | $0 | |
Eleanor Lynn Costin Director | 0.15 | $0 | |
Susan Mary Brice Director | 0.15 | $0 | |
Jennifer Margaret Petrie Director | 0.15 | $0 | |
Sheena Cresswell Director | 0.15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16 |
| Dividends & Interest | $5,007 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $630 |
| Capital Gain Net Income | $630 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,653 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,946 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,558 |
| Total operating and administrative expenses | $4,504 |
| Contributions, gifts, grants paid | $23,500 |
| Total expenses and disbursements | $28,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,503 |
| 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 | $284,095 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $294,598 |
| 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, Cresswell Family Foundation Inc has awarded $23,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
TEMPLE EMANUEL PURPOSE: CHARITABLE | $500 |
AIM HIGH SCHOOL PURPOSE: CHARITABLE | $500 |
LIVING ARTS PURPOSE: CHARITABLE | $10,000 |
AIM HIGH SCHOOL PURPOSE: CHARITABLE | $2,000 |
DETROIT INSTITUTE OF ARTS PURPOSE: CHARITABLE | $10,000 |
LOVE TEAM TESSA PURPOSE: CHARITABLE | $500 |