Greenacre Foundation
- Assets
- $39.1m
- Revenue
- $5.1m
- Investments
- $34.7m
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/1968
- Data as of
- 12/2021
- EIN
- 13-2621502
Organization Overview
Greenacre Foundation is located in New York, NY. The organization was established in 1968. 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. Greenacre 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 12/2021, Greenacre Foundation generated $5.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 3.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Greenacre Foundation has awarded 29 individual grants totaling $421,524. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREENACRE FOUNDATION IS A NOT-FOR-PROFIT CHARITABLE CORPORATION EXISTING UNDER THE NEW YORK NOT-FOR-PROFIT CORPORATION LAW AND IS CLASSIFIED AS A PRIVATE OPERATING
FOUNDATION AS DEFINED IN THE INTERNAL REVENUE CODE. THE FOUNDATION'S PRINCIPAL PURPOSE IS TO ESTABLISH, EQUIP, MAINTAIN AND OPERATE ONE OR MORE PARKS IN THE STATE OF NEW
YORK FOR THE BENEFIT OF THE GENERAL PUBLIC. PRESENTLY THE FOUNDATION OPERATES ONE PARK LOCATED ON EAST 51ST STREET, NEW YORK, NY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Mcardle Exec Director | 0 | $42,500 | |
Lois Cremmins Exec Director | 0 | $24,630 | |
Abby O Caulkins President | 0 | $0 | |
Marion G H Gilliam Trustee | 0 | $0 | |
Joshua David Trustee | 0 | $0 | |
Kathryn M Mccarthy Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,000 |
| Interest on Savings | $191,436 |
| Dividends & Interest | $625,436 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,904,791 |
| Capital Gain Net Income | $3,904,790 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $271,095 |
| Total Revenue | $5,142,758 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $67,130 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $72,638 |
| Depreciation | $44,115 |
| Occupancy | $62,932 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,387,611 |
| Total operating and administrative expenses | $2,107,042 |
| Contributions, gifts, grants paid | $50,150 |
| Total expenses and disbursements | $2,157,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,000 |
| Savings and temporary cash investments | $2,553,047 |
| Net Accounts receivable | $84,272 |
| 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 | $2,562,709 |
| Net Land, buildings, and equipment | $1,772,830 |
| Other assets | $0 |
| Total assets | $39,136,377 |
| Accounts payable and accrued expenses | $153,026 |
| 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 | $0 |
| Total liabilities | $153,026 |
Grants Awarded
Over the last fiscal year, Greenacre Foundation has awarded $50,150 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL SUPPORT | $50,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $150 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greenacre Foundation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
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 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |