Thomas L Cline Foundation
- Assets
- $2.6m
- Revenue
- $65.1k
- Investments
- $2.5m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 02/2004
- Data as of
- 12/2023
- EIN
- 41-2086932
Organization Overview
Thomas L Cline Foundation is located in Philadelphia, PA. The organization was established in 2004. 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. Thomas L Cline 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, Thomas L Cline Foundation generated $65.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $211.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Thomas L Cline Foundation has awarded 40 individual grants totaling $2,280,175. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon C Magraw Director | 2 | $0 | |
Mary Sue Cline Director | 2 | $0 | |
Leigh M Ayers Director | 2 | $0 | |
Leslie T Magraw Director | 2 | $0 | |
Clark D Robertson ESQ Director | 2 | $0 | |
Francis X Mehaffey Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $91,004 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$32,103 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,247 |
| Total Revenue | $65,148 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,069 |
| Contributions, gifts, grants paid | $195,000 |
| Total expenses and disbursements | $211,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $149,972 |
| 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 | $173,740 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,604,061 |
| 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, Thomas L Cline Foundation has awarded $195,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ADAMS COUNTY COMMUNITY FOUNDATION PURPOSE: FOR ADAMS COUNTY HISTORICAL SOCIETY | $70,000 |
ADAMS COUNTY COMMUNITY FOUNDATION PURPOSE: FOR GETTYSBURG WELCOME CENTER | $25,000 |
ADAMS COUNTY COMMUNITY FOUNDATION PURPOSE: FOR SHINING STARS THERAPEUTIC RIDING PROGRAM | $100,000 |