Cornwell-Bireley Family Charitable Trust
- Assets
- $1.0m
- Revenue
- $90.4k
- Investments
- $5.3k
- Employees
- 0
- Location
- Bluefield, VA
- Founding
- 01/1992
- Data as of
- 06/2023
- EIN
- 54-6305643
Organization Overview
Cornwell-Bireley Family Charitable Trust is located in Bluefield, VA. The organization was established in 1992. 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. Cornwell-Bireley Family Charitable Trust 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 06/2023, Cornwell-Bireley Family Charitable Trust generated $90.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $127.2k during the year ending 06/2023. While expenses have increased by 4.7% per year over the past 4 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 2021, Cornwell-Bireley Family Charitable Trust has awarded 36 individual grants totaling $162,105. 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 |
|---|---|---|---|
Gary Cornwell Trustee | 1 | $0 | |
Laura Cornwell Trustee | 1 | $0 | |
Megan Thomas Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $39 |
| Net Rental Income | $8,609 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,050 |
| Total Revenue | $90,364 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,148 |
| Depreciation | $42,709 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,844 |
| Total operating and administrative expenses | $78,701 |
| Contributions, gifts, grants paid | $48,500 |
| Total expenses and disbursements | $127,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,337 |
| Savings and temporary cash investments | $0 |
| 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 | $981,813 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,011,467 |
| 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, Cornwell-Bireley Family Charitable Trust has awarded $48,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BLUEFIELD UNION MISSION PURPOSE: SUPPORT | $5,500 |
AGNES SCOTT COLLEGE PURPOSE: EDUCATIONAL | $5,000 |
CHILDREN'S HOME SOCIETY PURPOSE: SUPPORT | $2,500 |
FREEDOM RIDE PURPOSE: SUPPORT | $3,000 |
CONSUMER REPORTS PURPOSE: SUPPORT | $250 |
VIRGINIA COLLEGE OF OSTEOPATHIC MEDICINE PURPOSE: EDUCATIONAL | $25,500 |