Anchor Program Fund Inc
- Assets
- $1.1m
- Revenue
- $370.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Lido Beach, NY
- Founding
- 01/1979
- Data as of
- 12/2021
- EIN
- 11-2464897
Organization Overview
Anchor Program Fund Inc, operating under the name Co Town Park Lido Beach, is located in Lido Beach, NY. The organization was established in 1979. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Co Town Park Lido Beach 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, Co Town Park Lido Beach generated $370.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $233.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 7 years. 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
THE ANCHOR PROGRAM FUND, INC. IS TO BE THE RECIPIENT OF FUNDS BY VOLUNTARY CONTRIBUTIONS FOR SPECIAL NEEDS CHILDREN AND ADULTS IN THE FURTHERANCE OF PROGRAMS DESIGNED FOR THE BENEFIT OF THESE CHILDREN AND ADULTS; AND THAT THESE PROGRAMS CONSIST OF VARIOUS FORMS OF ENTERTAINMENT, FIELD TRIPS, AND OTHER WHOLESOME ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING FUNDING FOR SPECIAL ACTIVITIES, SPECIAL PROGRAMS, SUPPLIES, AND EQUIPMENT THAT ENHANCE THE ANSWERING THE NEEDS OF CITIZENS THROUGH ORGANIZED RECREATION ("ANCHOR") PROGRAM EXPERIENCE FOR ITS PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Cuoccio President | OfficerTrustee | 1 | $0 |
Caroline Pisaniello Secretary | OfficerTrustee | 1 | $0 |
Donna Loduca Assistant Treasurer | OfficerTrustee | 1 | $0 |
John Mckenna Treasurer | OfficerTrustee | 1 | $0 |
Ralph Esposito Vice President | OfficerTrustee | 1 | $0 |
Patricia Kilduff Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $115,638 |
| Related organizations | $0 |
| Government grants | $5,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $203,599 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $324,987 |
| Total Program Service Revenue | $42,417 |
| Investment income | $2,887 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $370,359 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,500 |
| 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 | $44,583 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,883 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,961 |
| Fees for services: Accounting | $11,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,231 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,844 |
| 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 | $20,256 |
| Insurance | $5,432 |
| All other expenses | $4,536 |
| Total functional expenses | $232,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $719,376 |
| Savings and temporary cash investments | $228,677 |
| 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 | $21,932 |
| Net Land, buildings, and equipment | $171,618 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $721 |
| Total assets | $1,142,324 |
| Accounts payable and accrued expenses | $7,830 |
| Grants payable | $0 |
| Deferred revenue | $206 |
| 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 | $8,036 |
| Net assets without donor restrictions | $855,439 |
| Net assets with donor restrictions | $278,849 |
| 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 | $1,142,324 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Anchor Program Fund Inc has recieved totaling $4,925.
| Awarding Organization | Amount |
|---|---|
Mutual Of America Foundation New York, NY PURPOSE: GENERAL OPERATING PURPOSE | $3,655 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $820 |
Seymour Tutelman Family Foundation Inc East Williston, NY PURPOSE: FOR CHARITABLE PURPOSES | $250 |
Frederick & Greta Smiley Charitable Foundation New York, NY PURPOSE: GENERAL USE | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Steven & Alexandra Cohen Foundation Inc Stamford, CT | $524,605,658 | $98,007,018 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $130,108,063 | $92,858,448 |
Carson Fam Charitable Tr New York, NY | $302,357,968 | $144,716,166 |
Blavatnik Family Foundation 2020 New York, NY | $0 | $14,146 |
Henry Luce Foundation Inc New York, NY | $1,226,277,880 | $84,818,070 |
Paul E Singer Foundation New York, NY | $412,018,579 | $19,273,091 |