Allen B Cutting Foundation

Palm City, FL
Tax-exempt since Sept. 1997
EIN: 38-3319000

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$140k (2023)

Expenses

$416k (2023)

Total Assets

$7.52M (2023)

Total Liabilities

$0 (2023)

Years with missing data

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$140,387

Expenses

$415,811

Net Income

-$275,424

Net Assets

$7,516,479

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,900	4.2%
Interest Revenue	$465	0.3%
Dividends	$197,900	> 100%
Sales of Assets	-$63,878
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$370,000	89.0%
Compensation of Officers*	$15,000	3.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,516,479
Total Liabilities	$0
Net Assets	$7,516,479

Compensation

Key Employees and Officers	Compensation	Other
Rebecca Cutting Broderick (Treasurer)	$15,000	$0
Joan L Cutting (President)	$0	$0
Margaret Cutting Manuel (V.P./Sec)	$0	$0
Edward C Manuel (Director)	$0	$0

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990-PF

Filed on Aug. 21, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$277,730

Expenses

$493,220

Net Income

-$215,490

Net Assets

$7,791,903

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,900	2.1%
Interest Revenue	$170	0.1%
Dividends	$169,817	61.1%
Sales of Assets	$101,843	36.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$380,000	77.0%
Compensation of Officers*	$15,000	3.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,791,903
Total Liabilities	$0
Net Assets	$7,791,903

Compensation

Key Employees and Officers	Compensation	Other
Rebecca Cutting Broderick (Treasurer)	$15,000	$0
Joan L Cutting (President)	$0	$0
Margaret Cutting Manuel (V.P./Sec)	$0	$0
Edward C Manuel (Director)	$0	$0

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990-PF

Filed on June 27, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$2,109,331

Expenses

$541,550

Net Income

$1,567,781

Net Assets

$8,007,393

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$7,322	0.3%
Interest Revenue	$16	0.0%
Dividends	$151,711	7.2%
Sales of Assets	$1,950,282	92.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$445,000	82.2%
Compensation of Officers*	$15,000	2.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,007,393
Total Liabilities	$0
Net Assets	$8,007,393

Compensation

Key Employees and Officers	Compensation	Other
Rebecca Cutting Broderick (Treasurer)	$15,000	$0
Joan L Cutting (President)	$0	$0
Margaret Cutting Manuel (V.P./Sec)	$0	$0
Amy E Cutting (Asst. Sec/Tr)	$0	$0
Edward C Manuel (Director)	$0	$0

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990-PF

Filed on July 1, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$305,402

Expenses

$414,363

Net Income

-$108,961

Net Assets

$6,439,611

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,900	1.9%
Interest Revenue	$50	0.0%
Dividends	$164,010	53.7%
Sales of Assets	$135,442	44.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$360,000	86.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,439,612
Total Liabilities	$1
Net Assets	$6,439,611

Compensation

Key Employees and Officers	Compensation	Other
Joan L Cutting (President)	$0	$0
Margaret Cutting Manuel (V.P./Sec)	$0	$0
Rebecca Cutting Broderick (Treasurer)	$0	$0
Amy E Cutting (Asst. Sec/Tr)	$0	$0
Edward C Manuel (Director)	$0	$0

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990-PF

Filed on June 24, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$301,151

Expenses

$430,170

Net Income

-$129,019

Net Assets

$6,548,572

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,900	2.0%
Interest Revenue	$1,118	0.4%
Dividends	$160,091	53.2%
Sales of Assets	$134,042	44.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$375,000	87.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,548,573
Total Liabilities	$1
Net Assets	$6,548,572

Compensation

Key Employees and Officers	Compensation	Other
Joan L Cutting (President)	$0	$0
Margaret Cutting Manuel (V.P./Sec)	$0	$0
Rebecca Cutting Broderick (Treasurer)	$0	$0
Amy E Cutting (Asst. Sec/Tr)	$0	$0

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990-PF

Filed on Aug. 17, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$389,600

Expenses

$432,979

Net Income

-$43,379

Net Assets

$6,677,592

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,900	1.5%
Interest Revenue	$421	0.1%
Dividends	$146,005	37.5%
Sales of Assets	$237,274	60.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$375,000	86.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,677,592
Total Liabilities	$0
Net Assets	$6,677,592

Compensation

Key Employees and Officers	Compensation	Other
Joan L Cutting (President)	$0	$0
Margaret Cutting Manuel (V.P./Sec)	$0	$0
Rebecca Cutting Broderick (Treasurer)	$0	$0
Amy E Cutting (Asst. Sec/Tr)	$0	$0

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990-PF

Filed on Sept. 5, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$326,553

Expenses

$428,173

Net Income

-$101,620

Net Assets

$6,720,971

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,900	1.8%
Interest Revenue	$26	0.0%
Dividends	$137,992	42.3%
Sales of Assets	$182,635	55.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$375,000	87.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,720,971
Total Liabilities	$0
Net Assets	$6,720,971

Compensation

Key Employees and Officers	Compensation	Other
Joan L Cutting (President)	$0	$0
Margaret Cutting Manuel (V.P./Sec)	$0	$0
Rebecca Cutting Broderick (Treasurer)	$0	$0
Amy E Cutting (Asst. Sec/Tr)	$0	$0

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990-PF

Filed on Aug. 30, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$561,932

Expenses

$429,378

Net Income

$132,554

Net Assets

$6,886,709

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$6,950	1.2%
Interest Revenue	$8	0.0%
Dividends	$139,431	24.8%
Sales of Assets	$415,543	73.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$340,000	79.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,886,709
Total Liabilities	$0
Net Assets	$6,886,709

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$2,148,093

Expenses

$425,320

Net Income

$1,722,773

Net Assets

$6,754,155

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,900	0.3%
Interest Revenue	$10	0.0%
Dividends	$230,579	10.7%
Sales of Assets	$1,911,604	89.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$375,000	88.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,754,155
Total Liabilities	$0
Net Assets	$6,754,155

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$727,766

Expenses

$409,006

Net Income

$318,760

Net Assets

$7,405,072

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,900	0.8%
Interest Revenue	$8	0.0%
Dividends	$170,726	23.5%
Sales of Assets	$550,845	75.7%
Other Income	$287	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$370,000	90.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,405,072
Total Liabilities	$0
Net Assets	$7,405,072

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$241,851

Expenses

$361,769

Net Income

-$119,918

Net Assets

$7,589,819

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$32	0.0%
Dividends	$102,269	42.3%
Sales of Assets	$139,550	57.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$330,000	91.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,589,819
Total Liabilities	$0
Net Assets	$7,589,819

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$148,735

Expenses

$387,903

Net Income

-$239,168

Net Assets

$7,709,737

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$75	0.1%
Dividends	$82,001	55.1%
Sales of Assets	$66,659	44.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$330,000	85.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,709,737
Total Liabilities	$0
Net Assets	$7,709,737

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Allen B Cutting Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $140k (2023)

Expenses $416k (2023)

Total Assets $7.52M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$140k (2023)

Expenses

$416k (2023)

Total Assets

$7.52M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001