Fred C Gloeckner Foundation Inc
- Assets
- $2.0m
- Revenue
- $111.7k
- Investments
- $1.9m
- Employees
- 0
- Location
- New Canaan, CT
- Founding
- 11/1962
- Data as of
- 10/2023
- EIN
- 13-6124190
Organization Overview
Fred C Gloeckner Foundation Inc is located in New Canaan, CT. The organization was established in 1962. 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. Fred C Gloeckner 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 10/2023, Fred C Gloeckner Foundation Inc generated $111.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $154.6k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Fred C Gloeckner Foundation Inc has awarded 110 individual grants totaling $1,080,344. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ONLY ACTIVITY IS THE DISTRIBUTION OF GRANTS TO EDUCATIONAL INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Richard Craig Pres. | 2 | $0 | |
Dr Paul Hammer V.P. | 2 | $0 | |
Joseph A Simone Sect'y | 2 | $0 | |
Martin D Kortjohn Treas. | 2 | $7,660 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $346 |
| Dividends & Interest | $77,856 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,458 |
| Capital Gain Net Income | $33,458 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $111,660 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $827 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $737 |
| Other expenses | $22,368 |
| Total operating and administrative expenses | $31,592 |
| Contributions, gifts, grants paid | $123,008 |
| Total expenses and disbursements | $154,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $360 |
| Savings and temporary cash investments | $0 |
| 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 | $43,541 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,118 |
| Total assets | $1,956,553 |
| 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, Fred C Gloeckner Foundation Inc has awarded $123,008 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
KANSAS STATE UNIVERSITY PURPOSE: HORTICULTURALSTUDY PROJECTS | $14,994 |
KANSAS STATE UNIVERSITY PURPOSE: HORTICULTURALSTUDY PROJECTS | $13,920 |
UNIVERSITY OF CAL - BERKELEY PURPOSE: HORTICULTURALSTUDY PROJECTS | $21,000 |
IOWA STATE UNIVERSITY PURPOSE: HORTICULTURALSTUDY PROJECTS | $9,895 |
N CAROLINA AGRICULTURAL FOUNDATION PURPOSE: HORTICULTURALSTUDY PROJECTS | $3,000 |
N CAROLINA STATE UNIV PURPOSE: HORTICULTURALSTUDY PROJECTS | $11,199 |