Henry Nias Foundation Inc
- Assets
- $43.9m
- Revenue
- $2.0m
- Investments
- $43.9m
- Employees
- 0
- Location
- Mamaroneck, NY
- Founding
- 06/1958
- Data as of
- 11/2022
- EIN
- 13-6075785
The information for Henry Nias Foundation Inc is as of the organization's most recent filing in November '22. This organization is located in Mamaroneck, NY. It has been in existence for 64 years, following its founding in 1958.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Henry Nias Foundation Inc is a philanthropic organization classified under the NTEE code T20. This means that it falls under the category of Philanthropy, Voluntarism & Grantmaking Foundations. As a Private Grantmaking Foundation, the organization is a nongovernmental, nonprofit organization that manages funds and programs through its own trustees or directors. Its main purpose is to maintain or aid social, educational, religious, or other charitable activities that serve the common welfare, primarily through grantmaking. Additionally, the foundation is classified under section 3 of the Internal Revenue Code, which encompasses Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals Organizations.
Grant History
Our dataset includes five years of grant history for the Henry Nias Foundation Inc. Over this period, they have awarded a total of 331 grants, with an average check size of $15,884. On average, they award 66 grants each year. The foundation has distributed grants in various NTEE sectors, with the highest number of awards in Arts, Culture & Humanities (33), followed by Human Services (23) and Education (21). In terms of geographical distribution, the majority of grants were awarded in New York (240), with smaller numbers in Massachusetts (5), North Carolina (27), Connecticut (27), Florida (21), Pennsylvania (5), Illinois (5), and Ohio (1).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles D Fleischman President/director | 40 | $100,000 | |
Richard J Edelman Treasurer/director | 40 | $92,000 | |
Beth Zweibel Secretary/director | 20 | $63,000 | |
Ellen Fleischman-Litsky Director | 20 | $63,000 | |
Catherine L Edelman Director | 20 | $63,000 | |
Victoria E Tate Director | 20 | $63,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $727,034 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,247,492 |
| Capital Gain Net Income | $1,247,492 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,000 |
| Total Revenue | $1,989,526 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $444,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31,208 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,637 |
| Total operating and administrative expenses | $488,391 |
| Contributions, gifts, grants paid | $1,620,000 |
| Total expenses and disbursements | $2,108,391 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,138 |
| 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 | $12,810,365 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $43,930,128 |
| 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, Henry Nias Foundation Inc has awarded $1,212,000 in support to 75 organizations.
| Grant Recipient | Amount |
|---|---|
VAGELOS COLLEGE OF PHYSICIANS & SURGEONS PURPOSE: GENERAL | $50,000 |
Poughkeepsie, NY PURPOSE: EDUCATION | $35,000 |
PALM BEACH SCHOOL OF AUTISM PURPOSE: GENERAL | $35,000 |
New York, NY PURPOSE: ART PROGRAM | $35,000 |
92ND STREET Y PURPOSE: MUSIC PROGRAM | $30,000 |
ICD INSTITUTE FOR CAREER DEVELOPMENT PURPOSE: CAREER DEVELOPMENT AND EMPLOYMENT | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Henry Nias Foundation Inc has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Youth On Ice Inc Stuart, FL PURPOSE: GENERAL SUPPORT | $40,000 |
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 |