Orange Foundation
- Assets
- $2.1m
- Revenue
- $51.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Orange, CT
- Founding
- 09/1977
- Data as of
- 12/2023
- EIN
- 06-0955006
Organization Overview
Orange Foundation is located in Orange, CT. The organization was established in 1977. According to its NTEE Classification (T31) the organization is classified as: Community 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. Orange 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 12/2023, Orange Foundation generated $51.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (19.9%) each year. All expenses for the organization totaled $84.8k 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
THE ORANGE FOUNDATION PROVIDES: 1) COLLEGE SCHOLARSHIP ASSISTANCE TO LOCAL STUDENTS AND 2) COMMUNITY GRANTS TO LOCAL NON-PROFIT ORGANIZATIONS, PRIMARILY FOR TOWN SERVICES, ASSISTING SENIOR CITIZENS, AND SERVIING THE YOUTH IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HAVE DISTRIBUTED THE SCHOLARSHIPS TO LOCAL STUDENTS. IN 2023 WE DISTRIBUTED SCHOLARSHIPS TO ELEVEN LOCAL STUDENTS BASED ON FACTORS SUCH AS: ACADEMIC ACCOMPLISHMENTS, FINANCIAL NEED, COMMUNITY SERVICE, AND EXTRACURRICULAR ACTIVITIES.
WE DISTRIBUTED GRANTS TO LOCAL NON-PROFITS THAT DID NOT HAVE THEIR OWN FUNDING. IN 2023 THE RECIPIENTS WERE: AMITY TEEN CENTER (10% SPONSOR OF TEEN INTERN AT FACILITY THAT PROVIDES USED MEDICAL EQUIPMENT AT LOW COST), ORANGE HISTORICAL SOCIETY, TOWN OF ORANGE FIREWORKS ON JULY 4TH, ORANGE CONSERVATION COMMISSION, ORANGE SENIOR CENTER, AND ORANGE VOLUNTEER FIRE ASSOCIATION.
ONE GRANT WAS $5,000 TO CAMP CEDARCREST TO MAKE IMPROVEMENTS TO THEIR PARKING LOT. CAMP CEDARCREST BENEFITS SEVERAL NON-PROFITS AND LOCAL PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katalin Baltimore Treasurer | Trustee | 0.1 | $0 |
Jacqueline Koral Director Of Development | Trustee | 0.1 | $0 |
Paul Davis Director | Trustee | 0.1 | $0 |
Carla Birmingham Director | Trustee | 0.1 | $0 |
Santo Galatioto Jr Director | Trustee | 0.1 | $0 |
Frank Bailey Director | Trustee | 0.1 | $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 | $4,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,000 |
| Total Program Service Revenue | $0 |
| Investment income | $45,837 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,733 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,570 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,255 |
| Grants and other assistance to domestic individuals. | $43,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,465 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $250 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $84,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,044 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,014,098 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,112,142 |
| 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 | $58,008 |
| Net assets with donor restrictions | $2,054,134 |
| 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 | $2,112,142 |