Cremona Foundation
- Assets
- $11.9m
- Revenue
- $294.1k
- Investments
- $11.8m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 08/2015
- Data as of
- 12/2022
- EIN
- 47-4108450
Organization Overview
Cremona Foundation is located in San Francisco, CA. The organization was established in 2015. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Cremona Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Cremona Foundation has awarded 13 individual grants totaling $2,066,000. 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 |
|---|---|---|---|
David Hung Director, President | 1 | $0 | |
Steven Okuhn Director, Secretary, Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $246 |
| Dividends & Interest | $303,743 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,842 |
| Capital Gain Net Income | $68,470 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $294,147 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,553 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,089 |
| Total operating and administrative expenses | $65,103 |
| Contributions, gifts, grants paid | $660,000 |
| Total expenses and disbursements | $725,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $95,749 |
| 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 | $11,921,883 |
| 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, Cremona Foundation has awarded $660,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
THE KNIGHTS PURPOSE: TO SUPPORT MUSICIANS THAT ARE WORKING CHANGE THE ORCHESTRAL EXPERIENCE AND ELIMINATE BARRIERS BETWEEN AUDIENCE AND MUSIC. | $10,000 |
BANK OF AMERICA CHARITABLE GIFT FUND PURPOSE: TO PROVIDE FUNDING FOR SUPPORTED CHARITIES | $350,000 |
HARMONY PROGRAM PURPOSE: TO BRING MUSIC PROGRAMS TO COMMUNITIES WITH LIMITED ACCESS TO INSTRUMENTAL EDUCATION. | $20,000 |
VALLEY OF THE MOON MUSIC PURPOSE: TO SUPPORT THE VALLEY OF THE MOON MUSIC FESTIVAL | $20,000 |
CHILDRENS ORCHESTRA SOCIETY PURPOSE: TO PROVIDE SUPPORT IN TEACHING AND NURTURING YOUNG MUSICIANS | $60,000 |
COLUMBIA UNIVERSITY PURPOSE: TO SUPPORT RESEARCH AND LEARNING ENVIRONMENT FOR UNDERGRADUATES AND GRADUATE STUDENTS IN SCHOLARLY AND PROFESSIONAL FIELDS. | $100,000 |