R Keith Cullinan Family Foundation Inc
- Assets
- $2.0m
- Revenue
- $665.0k
- Investments
- $1.6m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 03/2012
- Data as of
- 12/2021
- EIN
- 45-4093645
Organization Overview
R Keith Cullinan Family Foundation Inc is located in Louisville, KY. The organization was established in 2012. 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. R Keith Cullinan 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 12/2021, R Keith Cullinan Family Foundation Inc generated $665.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $132.5k during the year ending 12/2021. While expenses have increased by 16.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, R Keith Cullinan Family Foundation Inc has awarded 191 individual grants totaling $452,750. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian L Cullinan Director | 2 | $0 | |
Royden K Cullinan Director | 2 | $0 | |
R Keith Cullinan President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $52,649 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $312,368 |
| Capital Gain Net Income | $312,368 |
| Net ST Capital Gain | $78,585 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $665,017 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,811 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $31,021 |
| Contributions, gifts, grants paid | $101,500 |
| Total expenses and disbursements | $132,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,073 |
| Savings and temporary cash investments | $391,163 |
| 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 | $2,011,439 |
| 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, R Keith Cullinan Family Foundation Inc has awarded $101,500 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
Louisville, KY PURPOSE: CHARITABLE | $7,500 |
Louisville, KY PURPOSE: CHARITABLE | $5,000 |
Louisville, KY PURPOSE: CHARITABLE | $5,000 |
Memphis, TN PURPOSE: CHARITABLE | $5,000 |
LOUISVILLE PRESBYTERIAN SEMINARY PURPOSE: CHARITABLE | $5,000 |
La Grange, KY PURPOSE: CHARITABLE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joyce Foundation Chicago, IL | $1,408,794,882 | $150,496,278 |
Dollywood Foundation Pigeon Forge, TN | $23,282,143 | $42,750,755 |
Progressive Insurance Foundation Cleveland, OH | $7,804,354 | $47,823,383 |
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Commonwealth Foundations Richmond, VA | $819,010 | $12,460,000 |
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Exelon Foundation Chicago, IL | $116,558,021 | $16,716,086 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Third Federal Foundation Cleveland, OH | $35,709,526 | $3,618,702 |
Ascension Providence Foundation St Louis, MO | $25,786,185 | $4,059,548 |
Kehe Cares Foundation Inc Naperville, IL | $5,804,063 | $7,449,461 |