Stony Wold Herbert Fund
- Assets
- $5.1m
- Revenue
- $410.8k
- Investments
- $5.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1974
- Data as of
- 12/2022
- EIN
- 13-2784124
Organization Overview
Stony Wold Herbert Fund is located in New York, NY. The organization was established in 1974. 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. Stony Wold Herbert Fund 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, Stony Wold Herbert Fund generated $410.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $639.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Stony Wold Herbert Fund has awarded 218 individual grants totaling $3,531,767. 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
INSTITUTIONAL GRANTS
INDIVIDUAL GRANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr H Kent Atkins Treasurer | 2 | $0 | |
Mrs James L Margaret German III Board Member | 2 | $0 | |
Mrs George C Audrey Moore Board Member | 2 | $0 | |
Nicholas C Moore ESQ President | 2 | $0 | |
Dr Neil Schluger Board Member | 2 | $0 | |
Lawrence L Scharer MD Vice-President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $172,371 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $238,406 |
| Capital Gain Net Income | $238,406 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $410,777 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $82,563 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,122 |
| Depreciation | $2,037 |
| Occupancy | $32,652 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,253 |
| Total operating and administrative expenses | $166,627 |
| Contributions, gifts, grants paid | $472,875 |
| Total expenses and disbursements | $639,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,982 |
| Savings and temporary cash investments | $68,014 |
| 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 | $4,976,223 |
| Net Land, buildings, and equipment | $1,020 |
| Other assets | $6,750 |
| Total assets | $5,128,989 |
| 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, Stony Wold Herbert Fund has awarded $472,875 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
MONTEFIORE MEDICAL CENTER PURPOSE: COMMUNITY SERVICE GRANT | $10,000 |
ANGELO NOVIELLI PURPOSE: SUPPORT STUDENT WITH LUNG DISEASE | $3,625 |
ANGST GREGORY PURPOSE: SUPPORT STUDENT WITH LUNG DISEASE | $1,800 |
BOSTON CHILDREN'S PHYSICIANS PURPOSE: RESEARCH | $25,000 |
BETANCES HEALTH CENTER PURPOSE: COMMUNITY SERVICE GRANT | $7,500 |
CHRISTOPHER ALVAREZ PURPOSE: SUPPORT STUDENT WITH LUNG DISEASE | $1,800 |