Celanese Foundation
- Assets
- $3.4m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Irving, TX
- Founding
- 02/2013
- Data as of
- 12/2022
- 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 12/2022, Celanese Foundation generated $2.5m 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 (12.7%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Celanese Foundation has awarded 8,108 individual grants totaling $13,380,745. 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 |
|---|---|---|---|
Alex Johnson Current President | 8.65 | $0 | |
Annette Gothard Current Treasurer | 1.44 | $0 | |
Becca Reeder Current Vice President | 0.48 | $0 | |
Lori Ryerkerk Board Of Director | 0.23 | $0 | |
Scott Richardson Board Of Director | 0.23 | $0 | |
Dmitry Buriko Board Of Director | 0.23 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,418,803 |
| Interest on Savings | $48,120 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,466,920 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $652 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,691 |
| Total operating and administrative expenses | $14,343 |
| Contributions, gifts, grants paid | $2,225,790 |
| Total expenses and disbursements | $2,240,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,419 |
| Savings and temporary cash investments | $3,000,000 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $174,807 |
| 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 | $47,946 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $11,530 |
| Total assets | $3,408,702 |
| Accounts payable and accrued expenses | $248,490 |
| Grants payable | $857,051 |
| 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 | $1,105,541 |
Grants Awarded
Over the last fiscal year, Celanese Foundation has awarded $4,451,580 in support to 2,860 organizations.
| Grant Recipient | Amount |
|---|---|
1ST PRIORSLEE AND ST GEORGES SCOUT GROUP PURPOSE: CHARITABLE CONTRIBUTION | $763 |
A CONTINUOUS CHARITY FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $108 |
81S HEROES PURPOSE: CHARITABLE CONTRIBUTION | $500 |
40 DAYS FOR LIFE PURPOSE: CHARITABLE CONTRIBUTION | $35 |
A M YEALEY ELEMENTARY SCHOOL PURPOSE: CHARITABLE CONTRIBUTION | $500 |
AGEOP RICERCA ONLUS PURPOSE: CHARITABLE CONTRIBUTION | $63 |