Pine Bar Cornerstone Foundation Tr
- Assets
- $1.6m
- Revenue
- $296.0k
- Investments
- $1.5m
- Employees
- 0
- Location
- East Windsor Hill, CT
- Founding
- Data as of
- 12/2022
- EIN
- 84-6682615
Organization Overview
Pine Bar Cornerstone Foundation Tr is located in East Windsor Hill, CT. 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. Pine Bar Cornerstone Foundation Tr 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, Pine Bar Cornerstone Foundation Tr generated $296.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (27.3%) each year. All expenses for the organization totaled $250.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Pine Bar Cornerstone Foundation Tr has awarded 21 individual grants totaling $259,100. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT DISTRIBUTION
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $350,000 |
| Interest on Savings | $28 |
| Dividends & Interest | $42,961 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$96,965 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $296,024 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,033 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,824 |
| Total operating and administrative expenses | $88,932 |
| Contributions, gifts, grants paid | $161,050 |
| Total expenses and disbursements | $249,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $115,412 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,576,812 |
| 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 | $3,150 |
| Total liabilities | $3,150 |
Grants Awarded
Over the last fiscal year, Pine Bar Cornerstone Foundation Tr has awarded $161,050 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
MISFIT ACRES INC PURPOSE: ANIMAL RESCUE | $7,500 |
SOUTHERN COMFORTS ANIMAL RESCUE PURPOSE: ANIMAL RESCUE | $25,000 |
PARTNERS FOR PROGRESS PURPOSE: THERAPEUTIC RIDING | $10,550 |
HIGH HOPES THERAPEUTIC RIDING INC PURPOSE: THERAPEUTIC RIDING | $10,000 |
NSBA PURPOSE: SHOW SPONSOR RIDERS W/DISABILITIES | $6,500 |
MANES & MOTIONS THERAPEUTIC RIDING PURPOSE: THERAPEUTIC RIDING | $5,000 |