Moore Charitable Foundation Inc
- Assets
- $497.6m
- Revenue
- $18.7m
- Investments
- $434.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/1994
- Data as of
- 12/2022
- EIN
- 13-3741954
Organization Overview
Moore Charitable Foundation Inc is located in New York, NY. The organization was established in 1994. 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. Moore Charitable 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, Moore Charitable Foundation Inc generated $18.7m 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 (14.4%) each year. All expenses for the organization totaled $28.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis M Bacon President | 0 | $0 | |
Ann Stevenson-Colley Executive Vice President | 0 | $0 | |
Patrick Sweeney Treasurer | 0 | $0 | |
Lawrence M Noe Vice President | 0 | $0 | |
Gabrielle Sacconaghi Bacon Co-Chairman | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,959,769 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,085,441 |
| Capital Gain Net Income | $15,263,940 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$2,355,367 |
| Total Revenue | $18,689,843 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $392,769 |
| Pension plans, employee benefits | $121,922 |
| Interest | $428,006 |
| Taxes | $1,671,240 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $38,521 |
| Printing and publications | $0 |
| Other expenses | $3,885,747 |
| Total operating and administrative expenses | $6,607,331 |
| Contributions, gifts, grants paid | $21,470,674 |
| Total expenses and disbursements | $28,078,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $62,819,549 |
| 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 | $434,784,475 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $497,604,024 |
| 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 | $45,310 |
| Total liabilities | $45,310 |