General William Mayer Foundation Inc
- Assets
- $2.0m
- Revenue
- $240.2k
- Investments
- $1.9m
- Employees
- 0
- Location
- West Hartford, CT
- Founding
- 03/1969
- Data as of
- 12/2022
- EIN
- 13-2625602
Organization Overview
General William Mayer Foundation Inc is located in West Hartford, CT. The organization was established in 1969. 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. General William Mayer 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 12/2022, General William Mayer Foundation Inc generated $240.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $115.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, General William Mayer Foundation Inc has awarded 170 individual grants totaling $425,280. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah M O'brien President | 2.16 | $3,658 | |
Edward F Krzanowski Treasurer | 0.19 | $0 | |
Cynthia M Benfield Vice President | 0.12 | $0 | |
Daniel P Benfield Vice President | 0.12 | $0 | |
Edward P Benfield Vice President | 0.12 | $0 | |
Thomas G Benfield Vice President | 0.12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $34 |
| Dividends & Interest | $58,363 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $181,825 |
| Capital Gain Net Income | $181,825 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $240,222 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,384 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,212 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $978 |
| Total operating and administrative expenses | $36,438 |
| Contributions, gifts, grants paid | $79,050 |
| Total expenses and disbursements | $115,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $26,529 |
| 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 | $385,632 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,971,656 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, General William Mayer Foundation Inc has awarded $79,050 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN MUSEUM OF NATURAL HISTORY PURPOSE: TO FURTHER ORGANIZATION'S OUTREACH & SERVICE ACTIVITIES TO ITS COMMUNITY. | $500 |
TUCK SCHOOL OF BUSINESS PURPOSE: TO FURTHER ORGANIZATION'S OUTREACH & SERVICE ACTIVITIES TO ITS COMMUNITY. | $750 |
BERKSHIRE SCHOOL PURPOSE: TO FURTHER ORGANIZATION'S OUTREACH & SERVICE ACTIVITIES TO ITS COMMUNITY. | $300 |
BROWN UNIVERSITY PURPOSE: TO FURTHER ORGANIZATION'S OUTREACH & SERVICE ACTIVITIES TO ITS COMMUNITY. | $800 |
THE CHILL FOUNDATION PURPOSE: TO FURTHER ORGANIZATION'S OUTREACH & SERVICE ACTIVITIES TO ITS COMMUNITY. | $9,950 |
COLBY COLLEGE PURPOSE: TO FURTHER ORGANIZATION'S OUTREACH & SERVICE ACTIVITIES TO ITS COMMUNITY. | $300 |