Essel Foundation Inc
- Assets
- $94.1m
- Revenue
- $6.7m
- Investments
- $87.9m
- Employees
- 0
- Location
- Purchase, NY
- Founding
- 10/1966
- Data as of
- 11/2022
- EIN
- 13-6191234
Organization Overview
Essel Foundation Inc is located in Purchase, NY. The organization was established in 1966. 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. Essel 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 11/2022, Essel Foundation Inc generated $6.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $14.8m during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Essel Foundation Inc has awarded 49 individual grants totaling $47,350,539. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janice Lieber Secretary | 0 | $0 | |
Mary Rubin Treasurer | 0 | $0 | |
Geoffrey Simon Chairman/president | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,458,120 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,468,270 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,735,734 |
| Capital Gain Net Income | $1,735,734 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,662,124 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,005 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $349,914 |
| Total operating and administrative expenses | $1,321,279 |
| Contributions, gifts, grants paid | $13,450,001 |
| Total expenses and disbursements | $14,771,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,808,597 |
| 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 | $27,225,319 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,458,120 |
| Total assets | $94,117,548 |
| 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 | $102,478 |
| Total liabilities | $102,478 |
Grants Awarded
Over the last fiscal year, Essel Foundation Inc has awarded $13,450,001 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
TRUSTEES OF COLUMBIA UNIVERSITY PURPOSE: UNRESTRICTED GRANT | $550,000 |
THE LIEBER INSTITUTE FOR BRAIN DEVELOPMENT PURPOSE: UNRESTRICTED GRANT | $23,271 |
WILLIAMS COLLEGE PURPOSE: UNRESTRICTED GRANT | $400,000 |
THE LIEBER INSTITUTE FOR BRAIN DEVELOPMENT PURPOSE: UNSRESTRICTED GRANT | $9,976,729 |
BRAIN & BEHAVIOR RESEARCH FOUNDATION PURPOSE: UNRESTRICTED GRANT | $35,475 |
BRAIN & BEHAVIOR RESEARCH FOUNDATION PURPOSE: UNSRESTRICTED GRANT | $2,464,526 |