Corner Foundation Inc
- Assets
- $16.0m
- Revenue
- $1.4m
- Investments
- $15.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/2015
- Data as of
- 12/2021
- EIN
- 46-4340215
Organization Overview
Corner Foundation Inc is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Corner 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, Corner Foundation Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Corner Foundation Inc has awarded 387 individual grants totaling $4,917,166. 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 |
|---|---|---|---|
Frederick Elghanayan President | 0 | $0 | |
Diana Elghanayan Director,secretary & Treasurer | 0 | $0 | |
Ariel Elghanayan Director | 0 | $0 | |
Zoe Elghanayan Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $502,408 |
| Dividends & Interest | $233,474 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $692,704 |
| Capital Gain Net Income | $692,704 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,128 |
| Total Revenue | $1,446,714 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,118 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $61,487 |
| Total operating and administrative expenses | $96,945 |
| Contributions, gifts, grants paid | $1,158,634 |
| Total expenses and disbursements | $1,255,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $908,968 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,384 |
| 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 | $7,659,140 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,450 |
| Total assets | $16,016,641 |
| 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, Corner Foundation Inc has awarded $1,158,634 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
Brooklyn, NY PURPOSE: CHARITABLE | $237,500 |
New York, NY PURPOSE: CHARITABLE | $125,000 |
Blairstown, NJ PURPOSE: CHARITABLE | $100,000 |
New York, NY PURPOSE: CHARITABLE | $83,334 |
MOUNT SINAI HEALTH SYSTEM PURPOSE: CHARITABLE | $50,000 |
New York, NY PURPOSE: CHARITABLE | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Corner Foundation Inc has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
Lin & Loveall Foundation Hilton, NY PURPOSE: FUNDRAISER | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Paula And Jerry Gottesman Family Supporting Foundation Inc Whippany, NJ | $103,919,025 | $11,534,966 |
The Jimmy And Berta Khezrie Charitable Foundation Long Branch, NJ | $561,838 | $13,044 |
Garnet Health Urgent Care P C Middletown, NY | $2,667,409 | $6,635,976 |
The Harry Halloran Jr Charitable Trust Philadelphia, PA | $26,412,399 | $8,412,088 |
Serv Properties And Management Inc Ewing, NJ | $27,477,154 | $8,087,563 |
Dentaquest Care Group Inc Boston, MA | $2,518,678 | $0 |
American Friends Of Sfath Emeth Yeshiva Brooklyn, NY | $187,158 | $4,689,874 |
Dbs Foundation Holdings Harrisburg, PA | $361,345 | $2,360,629 |
Knights Of Columbus Charities Usa Inc New Haven, CT | $92,663,013 | $7,484,954 |
Cfleads Accord, MA | $11,022,103 | $9,422,261 |
The American University Of Greece Foundation Boston, MA | $302,640,728 | $21,990,512 |
Endeavor Catalyst Inc New York, NY | $43,515,212 | $32,419,265 |