Fred L Emerson Foundation Inc
- Assets
- $85.1m
- Revenue
- $15.8m
- Investments
- $83.4m
- Employees
- 0
- Location
- Auburn, NY
- Founding
- 03/1943
- Data as of
- 12/2020
- EIN
- 15-6017650
Organization Overview
Fred L Emerson Foundation Inc is located in Auburn, NY. The organization was established in 1943. 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. Fred L Emerson 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 12/2020, Fred L Emerson Foundation Inc generated $15.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 31.0% each year . All expenses for the organization totaled $4.6m during the year ending 12/2020. While expenses have increased by 0.9% per year over the past 5 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 2017, Fred L Emerson Foundation Inc has awarded 406 individual grants totaling $17,404,240. 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 |
|---|---|---|---|
Daniel J Fessenden Executive Director | 40 | $221,450 | |
Lori E Robinson Treasurer | 4 | $16,750 | |
W Gary Emerson Vice President | 6 | $16,500 | |
Heather A Emerson Secretary | 4 | $16,000 | |
Joan H Stewart Director | 2 | $16,000 | |
Sally E Wagner Director | 2 | $15,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $71,691 |
| Dividends & Interest | $1,479,595 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,293,826 |
| Capital Gain Net Income | $14,293,826 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,845,112 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $179,500 |
| Other employee salaries and wages | $274,550 |
| Pension plans, employee benefits | $77,853 |
| Interest | $0 |
| Taxes | $210,370 |
| Depreciation | $25,237 |
| Occupancy | $11,128 |
| Travel, conferences, and meetings | $8,695 |
| Printing and publications | $0 |
| Other expenses | $91,594 |
| Total operating and administrative expenses | $1,126,995 |
| Contributions, gifts, grants paid | $3,514,094 |
| Total expenses and disbursements | $4,641,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,629 |
| Savings and temporary cash investments | $918,942 |
| 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 | $12,004,226 |
| Net Land, buildings, and equipment | $483,084 |
| Other assets | $0 |
| Total assets | $85,102,499 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Fred L Emerson Foundation Inc has awarded $4,477,094 in support to 109 organizations.
| Grant Recipient | Amount |
|---|---|
Syracuse, NY PURPOSE: FOR THE BENEFIT OF THE FAYETTEVILLE-MANLIUS ABC PROGRAM - ENDOWMENT/COVID RELIEF/FOR THE BENEFIT OF THE FOOD BANK OF CENTRAL NEW YORK: ENDOWMENT FUND TO SUPPORT EMERGENCY FOOD PROGRAMS IN CENTRAL NEW YORK | $400,000 |
Keuka Park, NY PURPOSE: ENDOWED SCHOLARSHIP/COVID RELIEF/EXPENDABLE GRANT | $285,000 |
THE REV THEATRE COMPANY PURPOSE: GENERAL OPERATING SUPPORT/TOWARD UPGRADING SOUND AND LIGHTING EQUIPMENT | $220,000 |
Auburn, NY PURPOSE: 2021 OPERATING SUPPORT | $195,000 |
Auburn, NY PURPOSE: OPERATIONAL SUPPORT | $178,750 |
Auburn, NY PURPOSE: HELP US GROW PLAY SPACE CAPITAL CAMPAIGN | $175,000 |
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 |