William & Dewey Edelman Charitable Trust
- Assets
- $13.8m
- Revenue
- $1.2m
- Investments
- $13.5m
- Employees
- 0
- Location
- East Marion, NY
- Founding
- 07/2009
- Data as of
- 12/2021
- EIN
- 13-7109390
Organization Overview
William & Dewey Edelman Charitable Trust is located in East Marion, NY. The organization was established in 2009. 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. William & Dewey Edelman Charitable Trust 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, William & Dewey Edelman Charitable Trust generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 28.0% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 7.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, William & Dewey Edelman Charitable Trust has awarded 86 individual grants totaling $4,928,100. 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
2021
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 |
|---|---|---|---|
Kenneth L Stein Manager | 7 | $0 | |
Nancy C Stein Manager | 1 | $0 | |
Emily C Sharko Co-Trustee | 1 | $31,491 | |
Peter C Stein Co-Trustee | 1 | $31,491 | |
Eric C Stein Co-Trustee | 1 | $31,491 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $105 |
| Dividends & Interest | $524,739 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $384,959 |
| Capital Gain Net Income | $124,309 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $250,027 |
| Total Revenue | $1,159,830 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $49,848 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $9,519 |
| Taxes | $5,885 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $104,478 |
| Total operating and administrative expenses | $178,980 |
| Contributions, gifts, grants paid | $1,051,000 |
| Total expenses and disbursements | $1,229,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $273,026 |
| 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 | $3,877,835 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $13,916 |
| Total assets | $13,785,903 |
| 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 | $5,644 |
| Total liabilities | $5,644 |
Grants Awarded
Over the last fiscal year, William & Dewey Edelman Charitable Trust has awarded $1,110,100 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF THE HEBREW UNIVERSITY PURPOSE: TO FURTHER THE ORGANIZATION'S CHARITABLE GOALS | $405,000 |
ACADEMY CHARTER SCHOOL PURPOSE: TO FURTHER THE ORGANIZATION'S CHARITABLE GOALS | $25,000 |
AMERICAN ISRAEL PUBLIC AFFAIRS COMMITTEE PURPOSE: TO FURTHER THE ORGANIZATION'S CHARITABLE GOALS | $2,500 |
AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE PURPOSE: TO FURTHER THE ORGANIZATION'S CHARITABLE GOALS | $18,000 |
EAST END SEAPORT MUSEUM FOUNDATION PURPOSE: TO FURTHER THE ORGANIZATION'S CHARITABLE GOALS | $25,000 |
CENTRAL PARK CONSERVANCY INC PURPOSE: TO FURTHER THE ORGANIZATION'S CHARITABLE GOALS | $25,000 |