Feigenbaum Foundation Inc
- Assets
- $77.0m
- Revenue
- $4.2m
- Investments
- $74.8m
- Employees
- 0
- Location
- Pittsfield, MA
- Founding
- 01/1989
- Data as of
- 12/2022
- EIN
- 04-3000345
Organization Overview
Feigenbaum Foundation Inc is located in Pittsfield, MA. The organization was established in 1989. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Feigenbaum 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 12/2022, Feigenbaum Foundation Inc generated $4.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.9%) each year. All expenses for the organization totaled $4.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Feigenbaum Foundation Inc has awarded 552 individual grants totaling $31,432,726. 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 |
|---|---|---|---|
Emil George President | 20 | $200,000 | |
Richard A Lombardi Treasurer | 15 | $60,000 | |
Michael Ferry Director | 10 | $42,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,577,043 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,564,504 |
| Capital Gain Net Income | $2,564,504 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,076 |
| Total Revenue | $4,150,623 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $379,383 |
| Other employee salaries and wages | $24,000 |
| Pension plans, employee benefits | $23,256 |
| Interest | $0 |
| Taxes | $114,375 |
| Depreciation | $3,658 |
| Occupancy | $39,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,440 |
| Total operating and administrative expenses | $1,177,941 |
| Contributions, gifts, grants paid | $3,489,963 |
| Total expenses and disbursements | $4,667,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $959,113 |
| Savings and temporary cash investments | $1,201,680 |
| 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 | $0 |
| Net Land, buildings, and equipment | $16,054 |
| Other assets | $12,230 |
| Total assets | $77,033,472 |
| 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 | $9,457 |
| Total liabilities | $9,457 |
Grants Awarded
Over the last fiscal year, Feigenbaum Foundation Inc has awarded $3,489,963 in support to 93 organizations.
| Grant Recipient | Amount |
|---|---|
BERKSHIRE MUSEUM PURPOSE: OPERATING SUPPORT | $400,000 |
BERKSHIRE UNITED WAY PURPOSE: ANNUAL CAMPAIGN | $25,000 |
BERKSHIRE MUSIC SCHOOL PURPOSE: OPERATING SUPPORT, FINANCIAL AIDE | $50,000 |
BERKSHIRE ATHENAEUM PURPOSE: HV FEIGENBAUM CORNER FOR LOCAL AUTHORS & BOOKS | $2,500 |
BERKSHIRE MUSEUM PURPOSE: GALA & WINTER FESTIVAL SUPPORT | $30,000 |
COLONIAL THEATRE ASSOCIATION PURPOSE: OPERATING SUPPORT & DONOR BOARD | $305,000 |