White Memorial Foundation Inc
- Assets
- $27.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 22
- Location
- Litchfield, CT
- Founding
- 03/1947
- Data as of
- 12/2023
- EIN
- 06-0588850
Organization Overview
White Memorial Foundation Inc is located in Litchfield, CT. The organization was established in 1947. 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. As of 12/2023, White Memorial Foundation Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. White Memorial Foundation Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, White Memorial Foundation Inc generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO PRESERVING FORESTS AND COUNTRYSIDE, SO THAT ALL MAY ENJOY THE GIFTS OF NATURE THAT ABOUND.THIS IS ACHIEVED THROUGH THE FOLLOWING PRINCIPLES: RECREATION, EDUCATION, CONSERVATION AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL CONSERVATION - EXPLORATION OF PRACTICAL APPLICATIONS ABOUT THE NATURAL ENVIRONMENT. EXPENSES INCLUDE THE MAINTENANCE OF THE FOUNDATION AND RESEARCH AND EDUCATION RELATING TO FOREST AND WILDLIFE.
CAMPGROUND STORE AND MARINA - PROVIDES SERVICES TO VISITORS AND CAMPERS WHO UTILIZE THE FOUNDATION PROPERTY.
CT RENTALS - PROVIDE COTTAGES AND SUMMER DWELLINGS TO INCREASE THE UTILIZATION OF THE FOUNDATION'S PROPERTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lukas Hyder Executive Di | Officer | 40 | $93,246 |
Ann Borzilleri President | OfficerTrustee | 3 | $0 |
Arthur H Diedrick Chairman | Trustee | 4 | $0 |
Ranger Mack Director | Trustee | 3 | $0 |
John W Morosani Director | Trustee | 3 | $0 |
Susan Vw Pollock Director | Trustee | 3 | $0 |
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 | $629,342 |
| Investment income | $664,670 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $337,238 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,652,272 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $160,000 |
| 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. | $86,151 |
| Compensation of current officers, directors, key employees. | $65,943 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $325,181 |
| Pension plan accruals and contributions | $40,315 |
| Other employee benefits | $90,678 |
| Payroll taxes | $32,772 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,548 |
| Fees for services: Accounting | $20,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,438 |
| Fees for services: Other | $16,881 |
| Advertising and promotion | $0 |
| Office expenses | $17,049 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,246 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,615 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87,402 |
| Insurance | $159,302 |
| All other expenses | $1,451 |
| Total functional expenses | $1,245,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,116 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $153,688 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $37,226 |
| Inventories for sale or use | $3,839 |
| Prepaid expenses and deferred charges | $212,365 |
| Net Land, buildings, and equipment | $2,531,256 |
| Investments—publicly traded securities | $24,845,314 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,560 |
| Total assets | $27,947,364 |
| Accounts payable and accrued expenses | $5,208 |
| Grants payable | $0 |
| Deferred revenue | $175,649 |
| 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 | $217,368 |
| Total liabilities | $398,225 |
| Net assets without donor restrictions | $27,549,139 |
| Net assets with donor restrictions | $0 |
| 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 | $27,947,364 |