Staritch Foundation Inc
- Assets
- $3.1m
- Revenue
- $269.3k
- Investments
- $2.9m
- Employees
- 0
- Location
- Saranac Lake, NY
- Founding
- 12/2002
- Data as of
- 12/2022
- EIN
- 14-1827670
Organization Overview
Staritch Foundation Inc is located in Saranac Lake, NY. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Staritch 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 12/2022, Staritch Foundation Inc generated $269.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $351.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Staritch Foundation Inc has awarded 605 individual grants totaling $2,596,642. 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 |
|---|---|---|---|
Sally B Ritchie Treasurer/director | 0 | $0 | |
James M Ritchie President/director | 0 | $0 | |
Dorothy R Valhouli Secretary/director | 0 | $0 | |
Stephen M Ritchie Director | 0 | $0 | |
Solveig A Holum Lyford Director | 0 | $0 | |
Carolyn R Donatello Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $29,584 |
| Interest on Savings | $671 |
| Dividends & Interest | $58,085 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $215,766 |
| Capital Gain Net Income | $289,444 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$34,769 |
| Total Revenue | $269,337 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,776 |
| Total operating and administrative expenses | $33,276 |
| Contributions, gifts, grants paid | $318,200 |
| Total expenses and disbursements | $351,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$172,903 |
| Savings and temporary cash investments | $236,803 |
| 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 | $507,710 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $53,756 |
| Total assets | $3,059,894 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $50,000 |
| 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 | $50,000 |
Grants Awarded
Over the last fiscal year, Staritch Foundation Inc has awarded $318,200 in support to 76 organizations.
| Grant Recipient | Amount |
|---|---|
ADIRONDACK DIVERSITY INITIATIVE PURPOSE: PROMOTE DIVERSITY UNDERSTANDING | $1,000 |
AMERICAN RED CROSS PURPOSE: SUPPORT REGIONAL RELIEF EFFORTS FOR NEEDY FAMILIES | $1,000 |
ADIRONDACK FOUNDATION PURPOSE: DEATH WITH DIGNITY EDUCATION | $1,000 |
ARTS IN REACH (AIR) PURPOSE: SUPPORT EMPOWERMENT OF TEENAGE GIRLS THROUGH INNOVATIVE MENTORING AND ARTS PROGRAMS | $500 |
ASHOKAN FOUNDATION PURPOSE: OUTDOOR ENVIRONMENTAL EDUCATION | $2,000 |
BALLET X PURPOSE: SUPPORTS THE PERFORMING ARTS | $1,000 |