George A And Eliza Gardner Howard Foundation
- Assets
- $15.6m
- Revenue
- $761.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Cranston, RI
- Founding
- 03/1965
- Data as of
- 12/2021
- EIN
- 05-0275563
Organization Overview
George A And Eliza Gardner Howard Foundation is located in Cranston, RI. The organization was established in 1965. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. George A And Eliza Gardner Howard 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, George A And Eliza Gardner Howard Foundation generated $761.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $504.8k during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INCOME TO BROWN UNIVERSITY FOR GRANTS AS DIRECTED BY THE FOUNDATION'S BOARD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF INCOME FUNDS TO BROWN UNIVERSITY FOR GRANTS AS DIRECTED BY THE FOUNDATION'S BOARD OF ADMINISTRATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William W Kenyon Chairman | OfficerTrustee | 12 | $35,250 |
Jane G Gurzenda Trustee | OfficerTrustee | 2 | $3,200 |
Walter G Kenyon Trustee | Trustee | 2 | $3,200 |
Arthur H Parker Trustee | Trustee | 2 | $3,200 |
Karen Binder Trustee | Trustee | 2 | $3,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $502,656 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $258,418 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $761,074 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $370,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $48,050 |
| Compensation of current officers, directors, key employees. | $48,050 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $59,447 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,395 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,123 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,294 |
| All other expenses | $0 |
| Total functional expenses | $504,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,726 |
| Savings and temporary cash investments | $647,546 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,624 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $14,954,897 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,619,793 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $664,896 |
| Net assets with donor restrictions | $14,954,897 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,619,793 |
Endowment Analysis
| Beg. Balance | $12,895,184 |
| Earnings | $2,630,683 |
| Admin Expense | $68,314 |
| Other Expense | $502,656 |
| Ending Balance | $14,954,897 |
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|---|---|---|
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Flatley Foundation Braintree, MA | $730,489,671 | $65,780,367 |
Iiegn Family Foundation Boston, MA | $7,705,932 | $1,021,594 |
Ge Foundation Norwalk, CT | $5,053,086 | $27,501,215 |
State Street Foundation Inc Boston, MA | $7,590,446 | $6,540 |
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Broad Reach Foundation Boston, MA | $154,449,873 | $51,427,992 |
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