The Cygnet Foundation
- Assets
- $1.4m
- Revenue
- $230.0k
- Investments
- $1.3m
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 02/2002
- Data as of
- 12/2022
- EIN
- 91-2172710
Organization Overview
The Cygnet Foundation is located in Pasadena, CA. The organization was established in 2002. 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. Cygnet 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, Cygnet Foundation generated $230.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $246.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cygnet Foundation has awarded 46 individual grants totaling $575,000. 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 |
|---|---|---|---|
Philip A Swan Treasurer | 0 | $0 | |
Eric K Steen Director | 0 | $0 | |
Karen A Steen President | 1 | $0 | |
Sara E Swan Vice President | 1 | $0 | |
Bridget K Wexman Director | 0 | $0 | |
Emily L Steen Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,550 |
| Interest on Savings | $0 |
| Dividends & Interest | $42,794 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $171,620 |
| Capital Gain Net Income | $171,620 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $229,964 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,377 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,698 |
| Total operating and administrative expenses | $20,925 |
| Contributions, gifts, grants paid | $226,000 |
| Total expenses and disbursements | $246,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $59,317 |
| 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 | $207,676 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,380,375 |
| 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 | $1,812 |
| Total liabilities | $1,812 |
Grants Awarded
Over the last fiscal year, The Cygnet Foundation has awarded $226,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CRYSTAL COVE CONSERVANCY PURPOSE: EDUCATION | $76,000 |
THE STORY OF STUFF PROJECT PURPOSE: EDUCATION | $2,000 |
SUSTAINABLE CONSERVATION PURPOSE: EDUCATION | $1,000 |
ARROYOS FOOTHILLS CONSERVANCY PURPOSE: CONSERVATION | $1,000 |
LA COUNTY BICYCLE COALITION PURPOSE: EDUCATION | $3,000 |
CLIMATE RESOLVE PURPOSE: GENERAL SUPPORT | $19,000 |