CRANWELL FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: CRANWELL FOUNDATION (EIN 87-2596988)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-11-14
IRS object ID: 202433199349101828
Schema version: 2023v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Schedule B
Other Expenses Schedule
Other Professional Fees Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-11-14T09:49:36-05:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	541593990	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	WARREN AND KOSS PC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	19 N BROAD ST	AddressLine1Txt
City	SALEM	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	24153	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	872596988	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE CRANWELL FOUNDATION INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	CRAN	BusinessNameControlTxt
Phone	5407744263	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	907 SOUTH MAIN STREET	AddressLine1Txt
City	BLACKSBURG	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	24060	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	PETER V MARTIN	PersonNm
Person Title	SECRETARY/TREASURER	PersonTitleTxt
Phone	5407744263	PhoneNum
Signature	2024-11-08	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	DAVID C WARREN	PreparerPersonNm
PTIN	P00658852	PTIN
Phone	5403752883	PhoneNum
Preparation	2024-11-08	PreparationDt

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2024-10-15 13:58:12Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$0	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$254,074	ContriRcvdRevAndExpnssAmt
Total Rev And Expnss	$254,074	TotalRevAndExpnssAmt
Total Net Invst Incm	$0	TotalNetInvstIncmAmt
Other Prof Fees Rev And Expnss	$43,750	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl	$43,750	OtherProfFeesDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss	$914	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl	$914	TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss	$3,073	OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl	$3,073	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$47,737	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$47,737	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$110,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$110,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$157,737	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$157,737	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$96,337	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash EOY	$96,337	CashEOYAmt
Total Assets EOY	$96,337	TotalAssetsEOYAmt
Total Assets EOYFMV	$0	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests EOY	$96,337	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances EOY	$96,337	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$0	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$96,337	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Excess Revenue Over Expenses	$96,337	ExcessRevenueOverExpensesAmt
Subtotal	$96,337	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$96,337	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	Yes (true)	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	Yes (true)	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	PETER V MARTIN	IndividualWithBooksNm
Phone	5407744263	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	3131 ELECTRIC ROAD	AddressLine1Txt
City	ROANOKE	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	24018	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
WF MASON JR
3131 ELECTRIC ROAD	ROANOKE	VA	24018	VICE PRESIDE	5.00	$0	$0	$0
PETER V MARTIN
3131 ELECTRIC ROAD	ROANOKE	VA	24018	SECRETARY/TR	5.00	$0	$0	$0
ELLEN N CRANWELL
PO BOX 20369	ROANOKE	VA	24018	PRESIDENT	5.00	$0	$0	$0
C RICHARD CRANWELL
111 W VIRGINIA AVENUE	VINTON	VA	24179	VICE PRESIDE	5.00	$0	$0	$0
WILLIAM C CRANWELL
PO BOX 20369	ROANOKE	VA	24018	SR VICE PRES	5.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	THE CORPORATION'S PURPOSES ARE TO PROVIDE SUPPORT FOR EDUCATION AND FOR STUDENTS, PROVIDE A LOCATION FOR CONDUCTING PUBLIC DISCUSSION GROUPS, FORUMS, PANELS, LECTURES, WORKSHOPS, AND PROVIDE BROAD, ENCOMPASSING CLASSES FOR SELF-DEVELOPMENT AND FOR THE BENEFIT OF THE COMMUNITY AT A VENUE WHICH WILL HAVE AN IMPACT ON THE PUBLIC'S GENERAL WELFARE BY SUPPORT OF STUDENTS AND INSTRUCTORS. THE CORPORATION WILL BOTH IN TERMS OF ITS PHYSICAL MANIFESTATION AS A PROVIDER OF A BUILDING AS WELL AS ITS MISSION AS A PROVIDER OF PUBLIC OUTREACH SUPPORTING COMMUNITY EDUCATIONAL ACTIVITIES, STUDENT SUPPORT, AND ASSISTING LEARNING AS AN ORGANIZATION.	Description1Txt
Expenses1	$157,737	Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$59,998	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$59,998	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$59,998	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$900	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$59,098	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$2,955	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Sect4942j3j5 Fndtn And Frgn Org	Yes (X)	Sect4942j3j5FndtnAndFrgnOrgInd

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$157,737	ExpensesAndContributionsAmt
Qualifying Distributions	$157,737	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Qualifying Distributions	$157,737	QualifyingDistributionsAmt
Remaining Distri From Corpus	$157,737	RemainingDistriFromCorpusAmt
Total Corpus	$157,737	TotalCorpusAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

Field	Value	IRS element (for citing)
Section4942j3	Yes (X)	Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

Field	Value	IRS element (for citing)
Current Year	$0	CurrentYearAmt
Total	$0	TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Current Year	$157,737	CurrentYearAmt
Total	$157,737	TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

Field	Value	IRS element (for citing)
Current Year	$157,737	CurrentYearAmt
Total	$157,737	TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

Field	Value	IRS element (for citing)
Current Year	$1,970	CurrentYearAmt
Total	$1,970	TotalAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	VIRGINIA TECH FOUNDATION INC	BusinessNameLine1Txt

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	902 PRICES FORK ROAD	AddressLine1Txt
City	BLACKSBURG	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	24061	ZIPCd

Field	Value	IRS element (for citing)
Grant Or Contribution Purpose	EDUCATION	GrantOrContributionPurposeTxt
Amt	$110,000	Amt

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$110,000	TotalGrantOrContriPdDurYrAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp (3 entries)

ContributorContributorNum	Address Line1ContributorUSAddress/AddressLine1Txt	CityContributorUSAddress/CityNm	State AbbreviationContributorUSAddress/StateAbbreviationCd	ZIPContributorUSAddress/ZIPCd	Total ContributionsTotalContributionsAmt	Person ContributionPersonContributionInd
HERITAGE ACRES I LTD
1	PO BOX 20369	ROANOKE	VA	24018	$150,000	Yes (X)
BILL ELLEN CRANWELL CHARITABLE TR
2	PO BOX 20369	ROANOKE	VA	24018	$64,074	Yes (X)
HERITAGE ACRES SUFFOLK CORP
3	907 SOUTH MAIN STREET	BLACKSBURG	VA	24060	$40,000	Yes (X)

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
OFFICE SUPPLIES	$485	$485
DUES & SUBSCRIPTIONS	$407	$407
CONTINUING EDUCATION	$1,724	$1,724
ADVERTISING & MARKETING	$432	$432
TAXES & LICENSES	$25	$25

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Field	Value	IRS element (for citing)
Category	EXECUTIVE DIRECTOR FEES	CategoryTxt
Amt	$43,750	Amt
Disbursements Charitable Prps	$43,750	DisbursementsCharitablePrpsAmt

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