White Memorial Foundation Inc
- Assets
- $29.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 16
- Location
- Litchfield, CT
- Founding
- 03/1947
- Data as of
- 12/2021
- 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 12/2021, White Memorial Foundation Inc employed 16 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 12/2021, White Memorial Foundation Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. 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
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 | $89,325 |
Arthur H Diedrick President | OfficerTrustee | 4 | $0 |
Charles W Roraback Asst Secreta | OfficerTrustee | 3 | $0 |
Philip G Samponaro Secretary-Tr | OfficerTrustee | 3 | $0 |
Ann Borzilleri Director | Trustee | 3 | $0 |
Gerald W Gault 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 | $565,012 |
| Investment income | $593,381 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $715,583 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,892,661 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $161,000 |
| 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. | $75,995 |
| Compensation of current officers, directors, key employees. | $58,896 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $261,234 |
| Pension plan accruals and contributions | $33,120 |
| Other employee benefits | $78,094 |
| Payroll taxes | $26,113 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,128 |
| Fees for services: Other | $15,426 |
| Advertising and promotion | $0 |
| Office expenses | $13,486 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,707 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $388 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,853 |
| Insurance | $143,661 |
| All other expenses | $0 |
| Total functional expenses | $1,054,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,546 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $168,412 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,421 |
| Prepaid expenses and deferred charges | $185,492 |
| Net Land, buildings, and equipment | $2,475,900 |
| Investments—publicly traded securities | $26,708,291 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,742 |
| Total assets | $29,652,804 |
| Accounts payable and accrued expenses | $4,205 |
| Grants payable | $0 |
| Deferred revenue | $157,445 |
| 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 | $144,967 |
| Total liabilities | $306,617 |
| Net assets without donor restrictions | $29,346,187 |
| 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 | $29,652,804 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that White Memorial Foundation Inc has recieved totaling $200.
| Awarding Organization | Amount |
|---|---|
Bokom Foundation Inc Sharon Center, OH PURPOSE: DONATION | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
G Harold And Leila Mathers Charitable Foundation Rye Brook, NY | $96,045,942 | $16,941,265 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Thomas L Kempner Jr Foundation Inc Southampton, NY | $328,355,645 | $44,754,721 |