Cusp Foundation Inc
- Assets
- $58.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brentwood, TN
- Founding
- 04/2017
- Data as of
- 12/2020
- EIN
- 81-5101281
Organization Overview
Cusp Foundation Inc is located in Brentwood, TN. The organization was established in 2017. According to its NTEE Classification (T30) the organization is classified as: Public 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. Cusp 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 12/2020, Cusp Foundation Inc generated $191.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.2%) each year. All expenses for the organization totaled $269.4k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
WE PARTNER WITH A PRIMARY SCHOOL AND COMMUNITY CENTER IN HOWICK, SOUTH AFRICA THAT SERVE CHILDREN FROM EXTREME POVERTY. BOTH ORGANIZATIONS ARE NOT FOR PROFIT AND HAVE AUDITED FINANCIALS. WE PROVIDE FUNDING FOR CAPITAL, CURRENTLY ASSISTING WITH A SCHOOL ADDITION AND OPERATING FUNDING GAPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANGELS CARE CENTRE - CONTRIBUTION TO ASSIST WITH GENERAL OPERATIONS
THEMBELIHLE PRIMARY SCHOOL - SPONSORS SCHOOL FEES, CAPITAL CAMPAIGN CONTRIBUTION, SUPPORT FOR OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hugh Queener Chairman | OfficerTrustee | 1 | $0 |
Lynn Queener Secretary | OfficerTrustee | 1 | $0 |
Sarae Lewis Treasurer | OfficerTrustee | 0.5 | $0 |
Terri Newport Board Member | Trustee | 0.25 | $0 |
Brenda Griffin Board Member | Trustee | 0.25 | $0 |
Wayne Lennington Board Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $192,519 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $32 |
| Gain or Loss | -$877 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $191,674 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $516 |
| Total expenses | $269,366 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $55,799 |
| Other assets | $0 |
| Total assets | $58,299 |
| Total liabilities | $0 |
| Net assets or fund balances | $58,299 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cusp Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Denike Family Foundation Berkeley Heights, NJ PURPOSE: NEW PRESCHOOL FUNDING | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Gary Sinise Foundation Nashville, TN | $79,715,180 | $58,070,139 |
Veterans United Foundation Columbia, MO | $54,107,159 | $30,165,811 |
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
The Pauley Family Foundation Richmond, VA | $2,022,061,315 | $1,899,350,410 |
College Foundation Of The University Of Virginia Charlottesville, VA | $252,362,262 | $51,045,128 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |