Chatlos Foundation Inc
- Assets
- $56.1m
- Revenue
- $7.0m
- Investments
- $47.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1955
- Data as of
- 12/2021
- EIN
- 13-6161425
Organization Overview
Chatlos Foundation Inc is located in New York, NY. The organization was established in 1955. 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. Chatlos 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 12/2021, Chatlos Foundation Inc generated $7.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 25.5% each year . All expenses for the organization totaled $3.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Chatlos Foundation Inc has awarded 660 individual grants totaling $3,962,250. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William J Chatlos III Vice Preseident, Discret G | 40 | $139,683 | |
Michele C Roach Senior Vp, Grant Program D | 40 | $210,120 | |
Kathryn A Randle Trustee, Chairperson, Exec | 40 | $88,470 | |
Carol Nicholas Executive Secretary | 40 | $85,047 | |
Cindee Random Trustee, Field Rep Mgr, Tr | 20 | $64,087 | |
Amy Bailey Executive Secretary | 30 | $60,100 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Frendelbrown & Weissman Llp | 12/30/21 | $98,000 |
Charles Morgan Jr Esq | 12/30/21 | $79,533 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $20,290 |
| Dividends & Interest | $1,234,526 |
| Net Rental Income | $106,474 |
| Net Gain on Sale of Assets | $5,563,060 |
| Capital Gain Net Income | $5,563,060 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,989 |
| Total Revenue | $6,992,086 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $789,662 |
| Other employee salaries and wages | $180,514 |
| Pension plans, employee benefits | $217,514 |
| Interest | $0 |
| Taxes | $143,452 |
| Depreciation | $111,915 |
| Occupancy | $83,698 |
| Travel, conferences, and meetings | $22,531 |
| Printing and publications | $0 |
| Other expenses | $454,477 |
| Total operating and administrative expenses | $2,181,296 |
| Contributions, gifts, grants paid | $1,023,300 |
| Total expenses and disbursements | $3,204,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,715,622 |
| 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 | $26,051 |
| Net Investments - land, buildings, equipment | $1,205,790 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $852,171 |
| Other assets | $250,000 |
| Total assets | $56,137,362 |
| Accounts payable and accrued expenses | $227,574 |
| 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 | $7,544 |
| Total liabilities | $235,118 |
Grants Awarded
Over the last fiscal year, Chatlos Foundation Inc has awarded $1,023,300 in support to 150 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: FOR EMERGENCY STUDENT AID PROGRAM FOR 2020-2021 ACADEMIC YEAR | $40,000 |
Chicago, IL PURPOSE: TO EXPAND THE MTS COUNSELING CENTER INTO FIVE PARTNERING CHURCHES THROUGH THE CITY OF CHICAGO TO ADDRESS MENTAL HEALTH NEEDS | $30,000 |
Houston, TX PURPOSE: TO SUPPORT EDUCATIONAL COMMUNITY PROGRAMS THAT EQUIP MULTI ETHNIC STUDENTS THROUGH THE TEACHINGS OF GODS WORD. | $25,000 |
YOUNG LIFE ORLANDO PURPOSE: TO HIRE FULL AND PART TIME STAFF OF RACIAL DIVERSITY TO REACH A BROADER STUDENT POPULATION | $25,000 |
TYNDALE THEOLOGICAL SEMINARY PURPOSE: TOWARDS YOUR AREA OF GREATEST NEEDS | $25,000 |
Orlando, FL PURPOSE: TO PROVIDE EYECARE FOR LOW INCOME, UNINSURED RESIDENTS OF ORANGE COUNTY | $25,000 |
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 |