Kinney Drugs Foundation Inc
- Assets
- $6.3m
- Revenue
- $1.6m
- Investments
- $6.0m
- Employees
- 0
- Location
- Gouverneur, NY
- Founding
- 04/2002
- Data as of
- 12/2021
- EIN
- 03-0406308
Organization Overview
Kinney Drugs Foundation Inc is located in Gouverneur, NY. The organization was established in 2002. 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. Kinney Drugs Foundation Inc 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, Kinney Drugs Foundation Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $705.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kinney Drugs Foundation Inc has awarded 892 individual grants totaling $5,340,580. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION GIVES GRANTS TO ORGANIZATIONS THAT ARE DEDICATED TO HELPING IN THE SUPPORT OF QUALITY HEALTH CARE THROUGHOUT CENTRAL AND NORTHERN NEW YORK AND VERMONT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracey Stoffel Executive Director | 40 | $71,504 | |
Dave Mcclure President | 5 | $0 | |
Richard Mcnulty Vice President | 5 | $0 | |
Stephen Mccoy Secretary / Treasurer | 5 | $0 | |
Warren Wolfson Director | 2 | $0 | |
Mark Brackett Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $850,611 |
| Interest on Savings | $0 |
| Dividends & Interest | $108,591 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $610,386 |
| Capital Gain Net Income | $610,386 |
| Net ST Capital Gain | $25,501 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,569,588 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $71,504 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,246 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $628 |
| Printing and publications | $0 |
| Other expenses | $50,833 |
| Total operating and administrative expenses | $134,211 |
| Contributions, gifts, grants paid | $570,892 |
| Total expenses and disbursements | $705,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,974 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $60,363 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $727 |
| 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 | $130,990 |
| Total assets | $6,298,103 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $222,189 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,696 |
| Total liabilities | $224,885 |
Grants Awarded
Over the last fiscal year, Kinney Drugs Foundation Inc has awarded $754,012 in support to 117 organizations.
| Grant Recipient | Amount |
|---|---|
Salt Lake City, UT PURPOSE: CMN FUNDRAISING CAMPAIGN | $181,262 |
Oswego, NY PURPOSE: SPONSORSHIP OF OSWEGO HEALTH CAMPAIGN AND FUNDRAISING EVENTS | $55,000 |
Burlington, VT PURPOSE: DONATION FOR 30TH ANNUAL GOLF CLASSIC AND CMN RALLYTHON | $53,000 |
Syracuse, NY PURPOSE: SPONSORSHIP OF TRIBUTE EVENING AND DONATION | $50,000 |
Watertown, NY PURPOSE: DONATION | $50,000 |
ALBANY COLLEGE OF PHARMACY PURPOSE: DONATION | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kinney Drugs Foundation Inc has recieved totaling $4,500.
| Awarding Organization | Amount |
|---|---|
Cygnus Management Foundation Inc Syracuse, NY PURPOSE: CHILDREN'S MIRACLE NETWORK | $4,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grace Farms Foundation New Canaan, CT | $127,278,874 | $14,337,032 |
Build Health International Inc Beverly, MA | $9,391,112 | $16,132,621 |
China Medical Board Inc Cambridge, MA | $0 | $15,367,231 |
Rubin Museum Of Art New York, NY | $219,341,965 | $20,862,684 |
Pussycat Foundation New York, NY | $113,070,433 | $12,403,154 |
Tippet Rise Foundation New York, NY | $46,097,612 | $11,599,378 |
Gerry Foundation Inc Liberty, NY | $111,892,284 | $11,122,515 |
Moise Y Safra Foundation Inc New York, NY | $57,760,218 | $6,334,851 |
Rockefeller Archive Center Sleepy Hollow, NY | $198,097,366 | $11,995,066 |
Black River Outdoor Education Program Inc Great Neck, NY | $0 | $235,026 |
Tiger Baron Foundation Inc New York, NY | $135,800,192 | $10,090,454 |
Institute For Aegean Prehistory New York, NY | $0 | $4,040,162 |