Julie And Kirk Cousins Foundation
- Assets
- $23.0m
- Revenue
- $967.7k
- Investments
- $15.2m
- Employees
- 0
- Location
- Holland, MI
- Founding
- 04/2019
- Data as of
- 12/2023
- EIN
- 83-0555966
Organization Overview
Julie And Kirk Cousins Foundation is located in Holland, MI. The organization was established in 2019. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Julie And Kirk Cousins 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, Julie And Kirk Cousins Foundation generated $967.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (21.6%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Julie And Kirk Cousins Foundation has awarded 188 individual grants totaling $9,912,727. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirk D Cousins President | 1 | $0 | |
Julie H Cousins Vice Preside | 1 | $0 | |
Ken Filippini Secretary/tr | 8 | $15,000 | |
Jeff Nienhuis Foundation M | 40 | $64,705 | |
Jonathan Filippini Director | 2 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $180,994 |
| Interest on Savings | $51,304 |
| Dividends & Interest | $128,669 |
| Net Rental Income | -$14,605 |
| Net Gain on Sale of Assets | $506,612 |
| Capital Gain Net Income | $506,612 |
| Net ST Capital Gain | $214,308 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $36,265 |
| Total Revenue | $967,732 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $84,705 |
| Other employee salaries and wages | $16,800 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,742 |
| Depreciation | $13,889 |
| Occupancy | $13,324 |
| Travel, conferences, and meetings | $646 |
| Printing and publications | $0 |
| Other expenses | $69,933 |
| Total operating and administrative expenses | $270,446 |
| Contributions, gifts, grants paid | $1,499,918 |
| Total expenses and disbursements | $1,770,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,454 |
| Savings and temporary cash investments | $120,167 |
| Net Accounts receivable | $60,652 |
| 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 | $7,650 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $15,180,433 |
| Net Land, buildings, and equipment | $3,485,798 |
| Other assets | $3,998,700 |
| Total assets | $22,982,854 |
| Accounts payable and accrued expenses | $24,695 |
| 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 | $24,695 |
Grants Awarded
Over the last fiscal year, Julie And Kirk Cousins Foundation has awarded $1,474,268 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
ATHLETES IN ACTION PURPOSE: GENERAL FUNDS | $10,000 |
COMMUNITY CHURCH OF DOUGLAS PURPOSE: GENERAL FUNDS | $155,009 |
COMPASSIONATE HEART MINISTRIES PURPOSE: GENERAL FUNDS | $50,000 |
CHILDREN'S PRAISE 'N RAINBOWS PURPOSE: GENERAL FUNDS | $5,000 |
DISCOVERY CHURCH PURPOSE: GENERAL FUNDS | $50,000 |
DUNWOODY CHRISTIAN SCHOOL PURPOSE: GENERAL FUNDS | $5,000 |