Cutrona Charitable Foundation
- Assets
- $827.7k
- Revenue
- $5.8k
- Investments
- $812.2k
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 81-0825657
Organization Overview
Cutrona Charitable Foundation is located in Fort Worth, TX. The organization was established in 2017. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cutrona Charitable 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, Cutrona Charitable Foundation generated $5.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (47.5%) each year. All expenses for the organization totaled $35.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Cutrona Charitable Foundation has awarded 66 individual grants totaling $192,420. 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 |
|---|---|---|---|
Sarah Lynn Cutrona President | 1 | $0 | |
Joseph A Cutrona Treasurer | 5 | $0 | |
Nicholas B Cutrona Vice President | 3 | $0 | |
Caroline Isabella Cutrona Vice President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13 |
| Dividends & Interest | $12,332 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,087 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $37,746 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$2,431 |
| Total Revenue | $5,827 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $90 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $95 |
| Total operating and administrative expenses | $185 |
| Contributions, gifts, grants paid | $35,450 |
| Total expenses and disbursements | $35,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,546 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $35,214 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $827,729 |
| 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, Cutrona Charitable Foundation has awarded $35,450 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
WEST FORT WORTH CENTER OF HOPE PURPOSE: COMMUNITY CHARITY | $2,000 |
TARRANT COUNTY AREA FOOD BANK PURPOSE: COMMUNITY MINISTRY | $2,000 |
ARBORLAWN UMC PURPOSE: GENERAL CHURCH MINISTRY | $2,000 |
ST GABRIEL OF THE SORROWFUL MOTHER PURPOSE: MEMORIAL FUND | $1,000 |
TCU STARPOINT SCHOOL ENDOWMENT PURPOSE: ENDOWED FUND | $15,000 |
ADERA FOUNDATION PURPOSE: COMMUNITY MINISTRY | $9,700 |