Cordingley Foundation
- Assets
- $585.5k
- Revenue
- $24.0k
- Investments
- $542.2k
- Employees
- 0
- Location
- Helena, MT
- Founding
- 01/1987
- Data as of
- 12/2022
- EIN
- 41-1524572
Organization Overview
Cordingley Foundation is located in Helena, MT. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Cordingley 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 12/2022, Cordingley Foundation generated $24.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $47.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Cordingley Foundation has awarded 100 individual grants totaling $310,980. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa S Cordingley Director | 1 | $0 | |
Thomas K Cordingley Director | 1 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,966 |
| Dividends & Interest | $20,561 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,498 |
| Capital Gain Net Income | $1,498 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,025 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,000 |
| 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 | $0 |
| Total operating and administrative expenses | $8,772 |
| Contributions, gifts, grants paid | $39,000 |
| Total expenses and disbursements | $47,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,880 |
| Savings and temporary cash investments | $41,470 |
| 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 | $585,503 |
| 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, Cordingley Foundation has awarded $39,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MONTANA FOUNDATION PURPOSE: SCHOLARSHIP | $3,000 |
DAVIDSON HONORS COLLEGE U OF MT PURPOSE: SCHOLARSHIP | $2,000 |
HELENA FOOD SHARE PURPOSE: GENERAL SUPPORT | $6,000 |
HELENA EDUCATION FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
BIG BROTHERS BIG SISTERS PURPOSE: GENERAL SUPPORT | $2,000 |
GREAT FALLS CLINIC LEGACY FOUNDATIO PURPOSE: GENERAL SUPPORT | $1,000 |