Cullen Foundation
- Assets
- $112.3m
- Revenue
- $977.8k
- Investments
- $110.0m
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 12/2004
- Data as of
- 12/2022
- EIN
- 73-1691396
Organization Overview
Cullen Foundation is located in Buffalo, NY. The organization was established in 2004. 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. Cullen Foundation 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 12/2022, Cullen Foundation generated $977.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (33.2%) each year. All expenses for the organization totaled $12.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Cullen Foundation has awarded 763 individual grants totaling $37,606,050. 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 |
|---|---|---|---|
Michael R Mcgee Trustee | 4 | $52,500 | |
Charles W Chiampou Trustee | 4 | $52,500 | |
Roger B Simon Trustee | 4 | $52,500 | |
Warren B Gelman Trustee | 4 | $52,500 | |
Florine Luhr President | 50 | $197,500 | |
Corey Bower Program Officer | 40 | $110,334 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Education First | 12/30/22 | $258,100 |
Via Evaluation | 12/30/22 | $138,000 |
Crewcial Partners Llc | 12/30/22 | $221,279 |
Bellweather Education Partners | 12/30/22 | $73,780 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,192,410 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$514,590 |
| Capital Gain Net Income | $3,666,367 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $977,820 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $407,500 |
| Other employee salaries and wages | $219,318 |
| Pension plans, employee benefits | $52,242 |
| Interest | $5,346 |
| Taxes | $115,641 |
| Depreciation | $6,201 |
| Occupancy | $46,840 |
| Travel, conferences, and meetings | $11,240 |
| Printing and publications | $0 |
| Other expenses | $120,760 |
| Total operating and administrative expenses | $3,298,293 |
| Contributions, gifts, grants paid | $9,224,838 |
| Total expenses and disbursements | $12,523,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $260,288 |
| 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 | $90,791 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $109,975,855 |
| Net Land, buildings, and equipment | $21,108 |
| Other assets | $1,950,693 |
| Total assets | $112,298,735 |
| Accounts payable and accrued expenses | $35,998 |
| Grants payable | $3,347,189 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $150,693 |
| Total liabilities | $3,533,880 |
Grants Awarded
Over the last fiscal year, Cullen Foundation has awarded $9,224,838 in support to 228 organizations.
| Grant Recipient | Amount |
|---|---|
716 SQUASH PURPOSE: CAPACITY BLDG FOR ED PROGRAM | $1,275 |
ALLEYWAY THEATRE PURPOSE: GEN OP FOR SALARY RESTRUCTURING | $30,000 |
AMHERST MALE GLEE CLUB DBA RED BLAZER MEN'S CHORUS PURPOSE: EQUIPMENT; SINGER RECRUITMENT & MKTG | $7,500 |
ARBOL COMMUNITY FUND PURPOSE: CAPACITY BLDG FOR FINANCIAL PREPAREDNESS FOR COLLEGE | $2,380 |
ARTPARK & COMPANY INC PURPOSE: GENERAL OPERATING 2020-2022 | $30,000 |
ARTS AT THE BAKERY PURPOSE: INCREASING ACCESS TO WORLD CLASS MUSICAL PERFORMANCES | $20,000 |