Celanese Foundation
- Assets
- $2.7m
- Revenue
- $341.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Irving, TX
- Founding
- 02/2013
- Data as of
- 12/2021
- EIN
- 45-3766481
Organization Overview
Celanese Foundation is located in Irving, TX. The organization was established in 2013. 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. Celanese 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 12/2021, Celanese Foundation generated $341.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (31.7%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Celanese Foundation has awarded 5,248 individual grants totaling $8,929,165. 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 |
|---|---|---|---|
Scott Richardson Board Of Director | 0.23 | $0 | |
Dmitry Buriko Board Of Director | 0.06 | $0 | |
Annette Gothard Current Treasurer | 0.96 | $0 | |
Mary Elyse Farah President | 40 | $0 | |
Nancy Sharpe Vice President | 0.29 | $0 | |
Shannon Jurecka Board Of Director | 0.06 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $340,354 |
| Interest on Savings | $760 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $469 |
| Capital Gain Net Income | $469 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $341,583 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,399 |
| Total operating and administrative expenses | $12,416 |
| Contributions, gifts, grants paid | $1,569,780 |
| Total expenses and disbursements | $1,582,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,312 |
| Savings and temporary cash investments | $2,352,074 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $240,832 |
| 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 | $28,500 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,302 |
| Total assets | $2,747,020 |
| Accounts payable and accrued expenses | $216,539 |
| Grants payable | $402,917 |
| 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 | $619,456 |
Grants Awarded
Over the last fiscal year, Celanese Foundation has awarded $1,569,780 in support to 1,220 organizations.
| Grant Recipient | Amount |
|---|---|
AICHE FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $179,913 |
Boston, MA PURPOSE: CHARITABLE CONTRIBUTION | $123,700 |
DALLAS AREA HABITAT FOR HUMANITY INC PURPOSE: CHARITABLE CONTRIBUTION | $100,475 |
NATL ASSOC OF MANUFACTURERS PURPOSE: CHARITABLE CONTRIBUTION | $100,000 |
AICHE FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $60,000 |
SPE FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Celanese Foundation has recieved totaling $43,419.
| Awarding Organization | Amount |
|---|---|
United Way Worldwide Alexandria, VA PURPOSE: general Charitable Operation | $43,419 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hildebrand Foundation Houston, TX | $114,322,883 | $23,614,226 |
Carl A Davis And Lois E Davis Foundation Houston, TX | $0 | $544,470 |
Hirsch Family Foundation Dallas, TX | $52,981,348 | $34,969,949 |
Entergy Charitable Foundation New Orleans, LA | $10,718,766 | $2,697,786 |
Smith Family Foundation Austin, TX | $2,063,167 | $8,401,265 |
Nancy Smith Hurd Foundation Tr San Antonio, TX | $73,883,656 | $7,181,888 |
Santander Consumer Usa Inc Foundation Dallas, TX | $61,196,374 | $60,000,000 |
Hal & Charlie Peterson Foundation Kerrville, TX | $63,600,144 | $3,895,944 |
Boone Family Foundation Dallas, TX | $0 | $1,805,045 |
William A Brookshire Foundation Lakeway, TX | $44,188,133 | $14,237,408 |
Con Alma Health Foundation Santa Fe, NM | $33,283,264 | $4,439,981 |
One Gas Foundation Inc Tulsa, OK | $37,667,049 | $5,198,491 |