The Easton Foundation Inc
- Assets
- $155.2m
- Revenue
- $9.1m
- Investments
- $34.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1984
- Data as of
- 10/2022
- EIN
- 13-3190220
Organization Overview
The Easton Foundation Inc is located in New York, NY. The organization was established in 1984. 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. Easton 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 10/2022, Easton Foundation Inc generated $9.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $2.8m during the year ending 10/2022. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Easton Foundation Inc has awarded 16 individual grants totaling $2,114,850. 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
PUBLIC EXHIBITION EXPENSES SUCH AS TRAVEL, SHIPPING, CATALOGUES AND ADVERTISING ETC.
INPROVEMENTS TO THE STUDIO OF LOUISE BOURGEOIS
PUBLIC AWARENESS - ART CONSERVATION AND MANAGEMENT TO MAKE THE ART OF LOUISE BOURGEOIS AVAILABLE FOR VIEWING
PUBLIC AWARENESS - EXPENSES PER PAGE 1 LINE 24(D) LESS THE EXPENSES OF $250,413 AND $105,745 LISTED ABOVE TO OPERATE THE STUDIO AND GALLERY OF LOUISE BOURGEOIS FOR PUBLIC VIEWING
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Gorovoy Director/president | 32 | $250,000 | |
Maggie V Wright Archivist | 40 | $165,000 | |
Sewon Kang Archivist | 40 | $80,833 | |
Kim Haesoo Archivist | 40 | $50,833 | |
Jean-Louis Bourgeois Director/vp & Secretary | 8 | $0 | |
Alain Bourgeois Director/vp & Treasurer | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Moores Specialized Transportation Inc | 10/30/22 | $393,032 |
Hallahan Mc Guinness & Lory Ltd | 10/30/22 | $284,468 |
Jpmorgan Chase | 10/30/22 | $185,291 |
Hatwood Gallry | 10/30/22 | $142,497 |
Glenn Roepnack | 10/30/22 | $136,030 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $52,579 |
| Dividends & Interest | $860,577 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,011,582 |
| Capital Gain Net Income | $8,011,582 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $105,591 |
| Total Revenue | $9,130,329 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $250,000 |
| Other employee salaries and wages | $356,737 |
| Pension plans, employee benefits | $57,270 |
| Interest | $139 |
| Taxes | $84,396 |
| Depreciation | $414,560 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,367 |
| Printing and publications | $0 |
| Other expenses | $1,473,039 |
| Total operating and administrative expenses | $2,654,233 |
| Contributions, gifts, grants paid | $155,000 |
| Total expenses and disbursements | $2,809,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,818 |
| Savings and temporary cash investments | $12,665,610 |
| 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 | $0 |
| Net Land, buildings, and equipment | $12,831,807 |
| Other assets | $95,396,223 |
| Total assets | $155,160,550 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $14,126 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $26,730 |
| Total liabilities | $40,856 |
Grants Awarded
Over the last fiscal year, The Easton Foundation Inc has awarded $155,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: EXHIBITION OF ART TO THE PUBLIC | $150,000 |
New York, NY PURPOSE: TO AID THE HOMELESS | $2,500 |
Washington, DC PURPOSE: PHILANTHROPY AND SOCIAL INOVATION | $2,500 |
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 |