Cousins Foundation Inc
- Assets
- $0.0
- Revenue
- $4.1m
- Investments
- $55.9m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 05/1964
- Data as of
- 12/2021
- EIN
- 58-6043765
Organization Overview
Cousins Foundation Inc is located in Atlanta, GA. The organization was established in 1964. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Cousins 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, Cousins Foundation Inc generated $4.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (22.4%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cousins Foundation Inc has awarded 127 individual grants totaling $13,422,194. 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 |
|---|---|---|---|
Lillian C Giornelli President/trustee | 0 | $0 | |
William C Wren Vice President/trustee | 0 | $0 | |
Grady Cousins Trustee | 0 | $0 | |
Ann D Cousins Trustee | 0 | $0 | |
Amy Clarke Asst. Secretary | 0 | $0 | |
Thomas G Cousins Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $625,000 |
| Interest on Savings | $1,127,792 |
| Dividends & Interest | $558,741 |
| Profit on Inventory Sales | $0 |
| Other Income | $744,506 |
| Total Revenue | $4,135,850 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $1,162,330 |
| Contributions, gifts, grants paid | $2,390,000 |
| Total expenses and disbursements | $3,552,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,566 |
| Investments—mortgage loans | $0 |
| Investments—other | $26,992,791 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Cousins Foundation Inc has awarded $3,750,250 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
AGAPE YOUTH & FAMILY CENTER PURPOSE: GENERAL PURPOSE | $50,000 |
BOYS & GIRLS CLUB OF METRO ATLANTA PURPOSE: GENERAL PURPOSE | $100,000 |
HOBE SOUND BIBLE COLLEGE PURPOSE: GENERAL PURPOSE | $25,000 |
LEAP YEAR PURPOSE: GENERAL PURPOSE | $100,000 |
HOBE SOUND EARLY LEARNING PURPOSE: GENERAL PURPOSE | $1,000 |
NATIONAL BLACK ARTS FESTIVAL PURPOSE: GENERAL PURPOSE | $55,000 |