Crane Family Foundation
- Assets
- $0.0
- Revenue
- $453.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- Data as of
- 12/2022
- EIN
- 87-3264769
Organization Overview
Crane Family Foundation is located in Charlotte, NC. 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. Crane 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 12/2022, Crane Family Foundation generated $453.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (63.3%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE AND EDUCATIONAL PURPOSES ONLY
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Crane President | 20 | $0 | |
Cynthia Crane Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $700,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,323 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$269,817 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2 |
| Total Revenue | $453,508 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,762 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,730 |
| Total operating and administrative expenses | $34,419 |
| Contributions, gifts, grants paid | $2,869,651 |
| Total expenses and disbursements | $2,904,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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, Crane Family Foundation has awarded $2,869,651 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
COUGAR MOUNTAIN ZOO PURPOSE: GENERAL PURPOSE DONATION | $500 |
TEMPLE BETH EL PURPOSE: GENERAL PURPOSE DONATION | $10,000 |
GIGI'S PLAYHOUSE PURPOSE: SUPPORT FOR DOWNS SYDROME CHILDREN | $1,000 |
STUDENTS WITHOUT MOTHERS PURPOSE: SUPPORT FOR HIGH SCHOOL STUDENTS WITHOUT MOTHERS | $500 |
THE NATURE CONSERVANCY PURPOSE: GENERAL PURPOSE DONATION | $115 |
ENVIRONMENTAL DEFENSE FUND PURPOSE: GENERAL PURPOSE DONATION | $100 |