Townwide Fund Of Huntington Inc
- Assets
- $737.5k
- Revenue
- $553.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Huntington, NY
- Founding
- 11/1962
- Data as of
- 12/2021
- EIN
- 11-1975035
Organization Overview
Townwide Fund Of Huntington Inc is located in Huntington, NY. The organization was established in 1962. 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. As of 12/2021, Townwide Fund Of Huntington Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Townwide Fund Of Huntington 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 12/2021, Townwide Fund Of Huntington Inc generated $553.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $282.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Townwide Fund Of Huntington Inc has awarded 66 individual grants totaling $243,778. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RAISING FUNDS IN THE HUNTINGTON AREA FOR DISTRIBUTION TO CAREFULLY CHOSEN LOCAL NONPROFIT AGENCIES THAT PROVIDE VITAL HEALTH & HUMAN SERVICES TO COMMUNITY MEMBERS IN NEED, IMPROVING THE QUALITY & AVAILABILITY OF SERVICES IN THE TOWN OF HUNTINGTON. MONEY RAISED IN HUNTINGTON STAYS IN HUNTINGTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIONS AND GRANTS TO VARIOUS HUNTINGTON NON PROFIT ORGANIZATIONS SO THAT THEY MAY PROVIDE VITAL HEALTH AND HUMAN SERVICES TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Altman Third Vice P | OfficerTrustee | $0 | |
Stephanie Dinozzi Second Vice | OfficerTrustee | $0 | |
Jerome Hehir Treasurer | OfficerTrustee | $0 | |
Greg Kennedy President | OfficerTrustee | $0 | |
Janice Whelan First Vice P | OfficerTrustee | $0 | |
Shari Peyser Secretary | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $55,502 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $368,362 |
| Noncash contributions included in lines 1a–1f | $55,502 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $423,864 |
| Total Program Service Revenue | $0 |
| Investment income | $3,774 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,744 |
| Net Income from Fundraising Events | $101,812 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $553,644 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $118,703 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $76,397 |
| Other salaries and wages | $14,253 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $476 |
| Payroll taxes | $6,740 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $125 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,566 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,650 |
| Office expenses | $6,319 |
| Information technology | $4,260 |
| Royalties | $0 |
| Occupancy | $14,076 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,422 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,128 |
| All other expenses | $0 |
| Total functional expenses | $282,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $227,916 |
| 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 | $3,695 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $505,872 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $737,483 |
| Accounts payable and accrued expenses | $6,226 |
| 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 | $6,226 |
| Net assets without donor restrictions | $481,257 |
| Net assets with donor restrictions | $250,000 |
| 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 | $737,483 |
Grants Awarded
Over the last fiscal year, Townwide Fund Of Huntington Inc has awarded $53,733 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ST PATRICKS ST VINCENT DE PAUL CO | | | $10,000 |
YMCA - HUNTINGTON | | | $10,000 |
FAMILY SERVICE LEAGUE OF SUFFOLK CO | | | $10,000 |
LONG ISLAND CARES | | | $8,333 |
ST JOHNLAND NURSING CENTER INC | | | $7,900 |
GENERAL NEEDS LTD | | | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Townwide Fund Of Huntington Inc has recieved totaling $2,556.
| Awarding Organization | Amount |
|---|---|
Lostritto Family Foundation Bethpage, NY PURPOSE: TO RAISE FUNDS WITHIN THE COMMUNITY TO ASSIST LOCAL CHARITIES. | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $56 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pittsburgh Foundation Pittsburgh, PA | $1,354,368,497 | $110,535,351 |
Hartford Foundation For Public Giving Hartford, CT | $1,125,106,021 | $82,935,365 |
Philadelphia Foundation Philadelphia, PA | $669,216,014 | $72,684,648 |
Community Foundation For Greater Buffalo Inc Buffalo, NY | $874,380,305 | $143,802,626 |
Community Foundation For Greater New Haven New Haven, CT | $745,279,119 | $58,670,540 |
Jewish Community Foundation Of Greater Metrowest Nj Whippany, NJ | $441,552,124 | $46,022,571 |
Federation Of Jewish Communities Of The C I S Inc New York, NY | $45,162,356 | $39,631,208 |
Fairfield Countys Community Foundation Inc Norwalk, CT | $264,164,706 | $42,534,303 |
Vermont Community Foundation Middlebury, VT | $310,876,312 | $39,275,546 |
Rochester Area Community Foundation Rochester, NY | $452,673,006 | $59,557,190 |
Catholic Charities Of Buffalo Buffalo, NY | $41,576,335 | $33,263,179 |
New World Foundation New York, NY | $131,879,332 | $14,635,341 |