New York State 4-H Foundation Inc
- Assets
- $2.0m
- Revenue
- $181.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Ithaca, NY
- Founding
- 09/1952
- Data as of
- 12/2021
- EIN
- 14-6021395
Organization Overview
New York State 4-H Foundation Inc is located in Ithaca, NY. The organization was established in 1952. According to its NTEE Classification (O52) the organization is classified as: Youth Development - Agricultural, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York State 4-H 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, New York State 4-H Foundation Inc generated $181.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $100.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CULTIVATE, SECURE, AND STEWARD FINANCIAL RESOURCES TO SUPPORT THE CORNELL COOPERATIVE EXTENSION NEW YORK STATE 4-H PROGRAM IN DEVELOPING AND DELIVERING SUPERIOR 4-H YOUTH DEVELOPMENT PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISBURSEMENT OF GRANTS FOR HIGH-IMPACT EDUCATION, LEADERSHIP, CITIZENSHIP, AND YOUTH DEVELOPMENT 4-H PROGRAMS IN NEW YORK STATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shirley Spencer Trustee | Trustee | 1 | $0 |
Brian Gilchrist Trustee | Trustee | 0.5 | $0 |
Vivian Myers Chair | OfficerTrustee | 1 | $0 |
Teishawn Florestal-Kevelier Treasurer | OfficerTrustee | 1 | $0 |
Kevin Nugent Trustee | Trustee | 0.5 | $0 |
Milan Doshi Vice Chair | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,150 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $131,065 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,215 |
| Total Program Service Revenue | $3,622 |
| Investment income | $24,772 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,651 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $181,260 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,710 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $13,961 |
| Information technology | $361 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $81,362 |
| Total functional expenses | $100,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $331,977 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,636,089 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,968,066 |
| Accounts payable and accrued expenses | $38,574 |
| Grants payable | $4,443 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $654,559 |
| Total liabilities | $697,576 |
| Net assets without donor restrictions | $244,924 |
| Net assets with donor restrictions | $1,025,566 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,968,066 |
Grants Awarded
Over the last fiscal year, New York State 4-H Foundation Inc has awarded $24,645 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CORNELL UNIVERSITY COOPERATIVE EXTENSION PURPOSE: standardbred program | $14,824 |
CORNELL UNIVERSITY PURPOSE: PROGRAM SUPPORT | $9,821 |