N C & B C Foundation Inc
- Assets
- $502.6k
- Revenue
- $25.7k
- Investments
- $475.2k
- Employees
- 0
- Location
- Woodbury, NY
- Founding
- 12/1996
- Data as of
- 12/2023
- EIN
- 11-3349321
Organization Overview
N C & B C Foundation Inc is located in Woodbury, NY. The organization was established in 1996. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. N C & B C Foundation 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 12/2023, N C & B C Foundation Inc generated $25.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (20.0%) each year. All expenses for the organization totaled $26.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, N C & B C Foundation Inc has awarded 237 individual grants totaling $338,021. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Cohen Director | 1 | $0 | |
Richard Terris Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $13,411 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,326 |
| Capital Gain Net Income | $12,326 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,740 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $260 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,189 |
| Total operating and administrative expenses | $5,449 |
| Contributions, gifts, grants paid | $21,354 |
| Total expenses and disbursements | $26,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,399 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $382,489 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $502,592 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $389 |
| Total liabilities | $389 |
Grants Awarded
Over the last fiscal year, N C & B C Foundation Inc has awarded $21,354 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER OF HEARING AND COMMUNICATION PURPOSE: GENERAL PURPOSE | $500 |
FRIENDS OF THE HIGHLINE PURPOSE: GENERAL PURPOSE | $500 |
MUSEUM OF MODERN ART PURPOSE: GENERAL PURPOSE | $1,000 |
VISITING NURSE SERVICES PURPOSE: GENERAL PURPOSE | $515 |
HEARING HEALTH FOUNDATION PURPOSE: GENERAL PURPOSE | $500 |
DOCTORS WITHOUT BORDERS PURPOSE: GENERAL PURPOSE | $1,000 |