Cristal Family Foundation
- Assets
- $37.4m
- Revenue
- $3.5m
- Investments
- $25.0m
- Employees
- 0
- Location
- Shaker Heights, OH
- Founding
- Data as of
- 12/2023
- EIN
- 84-3716808
Organization Overview
Cristal Family Foundation is located in Shaker Heights, OH. 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. Cristal Family 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, Cristal Family Foundation generated $3.5m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cristal Family Foundation has awarded 62 individual grants totaling $6,375,673. 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 A Cristal Co-President | 1 | $0 | |
Jeffrey D Cristal Co-President | 1 | $0 | |
Julie A Cristal Director | 0 | $0 | |
Sara P Cristal Director | 0 | $0 | |
Susan M Cristal Director | 0 | $0 | |
Ryan M Cristal Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $174,344 |
| Dividends & Interest | $1,025,063 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,314,786 |
| Capital Gain Net Income | $2,314,786 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,514,193 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $127 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,444 |
| Total operating and administrative expenses | $148,816 |
| Contributions, gifts, grants paid | $1,877,500 |
| Total expenses and disbursements | $2,026,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,374,313 |
| 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 | $5,593,337 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $37,395,150 |
| 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, Cristal Family Foundation has awarded $1,877,500 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
CITY CLUB PURPOSE: GENERAL FUND | $62,500 |
CHANGE SUMMER PURPOSE: GENERAL FUND | $75,000 |
CITY MISSION OF CLEVELAND PURPOSE: GENERAL FUND | $30,000 |
EDWINS PURPOSE: GENERAL FUND | $250,000 |
EDEN CLE PURPOSE: GENERAL FUND | $30,000 |
EXPERIENCE CAMPS PURPOSE: GENERAL FUND | $100,000 |