Cedar Spray Foundation
- Assets
- $4.8m
- Revenue
- $143.8k
- Investments
- $4.6m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 05/2019
- Data as of
- 12/2023
- EIN
- 82-5332387
Organization Overview
Cedar Spray Foundation is located in Wilmington, DE. The organization was established in 2019. 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. Cedar Spray 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 12/2023, Cedar Spray Foundation generated $143.8k in total revenue.
Since 2020, Cedar Spray Foundation has awarded 70 individual grants totaling $1,033,500. 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 |
|---|---|---|---|
Brian A Schwalbach Dir, Sec | 1 | $0 | |
Mari Angela M Schwalbach Dir, Pres | 1 | $0 | |
Nathan P Schwalbach Dir, Treas | 1 | $0 | |
Winsome Y Schwalbach Dir, VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,762 |
| Dividends & Interest | $120,266 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,377 |
| Capital Gain Net Income | $16,377 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,363 |
| Total Revenue | $143,768 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $622 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,814 |
| Total operating and administrative expenses | $63,144 |
| Contributions, gifts, grants paid | $278,500 |
| Total expenses and disbursements | $341,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $252,387 |
| 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 | $142,233 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,846,395 |
| 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, Cedar Spray Foundation has awarded $278,500 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CHARITIES OF IDAHO INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
CATHOLIC DIOCESE OF BOISE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
CHOOSE LIFE IDAHO INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
COPPER CANNON CORPORATION PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
CORPORATION OF GONZAGA UNIVERSITY PURPOSE: CCE PROGRAM | $30,000 |
CORPORATION OF GONZAGA UNIVERSITY PURPOSE: ZAG SCHOLARSHIP FUND | $5,000 |