Roena Cornett Foundation
- Assets
- $937.7k
- Revenue
- $105.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Hardin, KY
- Founding
- 05/1999
- Data as of
- 12/2021
- EIN
- 95-7044437
Organization Overview
Roena Cornett Foundation is located in Hardin, KY. The organization was established in 1999. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Roena Cornett 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 12/2021, Roena Cornett Foundation generated $105.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $58.8k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LOW INCOME HOUSING AND TO PROVIDE CARE AND PROTECTION OF DOMESTIC ANIMALS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,357 |
| Net Rental Income | $50,863 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $60 |
| Total Revenue | $105,277 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $11,295 |
| Taxes | $10,877 |
| Depreciation | $7,351 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,908 |
| Total operating and administrative expenses | $57,276 |
| Contributions, gifts, grants paid | $1,553 |
| Total expenses and disbursements | $58,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,588 |
| Savings and temporary cash investments | $15,044 |
| Net Accounts receivable | $7,595 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $315,752 |
| 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 | $559,246 |
| Other assets | $15,494 |
| Total assets | $937,719 |
| Accounts payable and accrued expenses | $381 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $142,406 |
| Other liabilities | $0 |
| Total liabilities | $142,787 |
Grants Awarded
Over the last fiscal year, Roena Cornett Foundation has awarded $1,553 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BOXER RESCUE PURPOSE: GENERAL SUPPORT | $1,200 |
ORANGUTAN FOUNDATION PURPOSE: GENERAL SUPPORT | $198 |
CHANGEORG PURPOSE: GENERAL SUPPORT | $80 |
SOI DOG DONATE PURPOSE: GENERAL SUPPORT | $75 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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John C Proctor Endowment Peoria, IL | $3,704,865 | $6,462,862 |
Collective Impact Network Saint Louis, MO | $21,375,860 | $4,592,347 |
Land Conservation Trust Of Southern Illinois Chicago, IL | $0 | $8,667,779 |
The Glen At St Joseph Dayton, OH | $19,520,405 | $4,747,418 |
Center To Combat Human Trafficking Decatur, IL | $69,172,505 | $43,496,794 |
Fmc Aquatic Opportunities Chicago, IL | $22,984,375 | $1,955,015 |
Jerry And Laura Jacobson Foundation Inc Sugarcreek, OH | $0 | $911,608 |
Drumm Center For Children Inc Independence, MO | $21,203,192 | $3,719,217 |
Coregiving Co Chicago, IL | $192,857 | $1,890,844 |
Dn Leadership Inc Louisville, KY | $2,441,151 | $7,192,611 |
George M Pullman Educational Foundation Chicago, IL | $30,414,650 | $2,281,953 |