Chautauqua Foundation Inc
- Assets
- $141.7m
- Revenue
- $15.7m
- Investments
- $60.2m
- Employees
- 3
- Location
- Chautauqua, NY
- Founding
- 12/1938
- Data as of
- 12/2021
- EIN
- 16-6028421
Organization Overview
Chautauqua Foundation Inc is located in Chautauqua, NY. The organization was established in 1938. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Chautauqua Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chautauqua 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, Chautauqua Foundation Inc generated $15.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $5.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INVEST AND DISBURSE FUNDS TO SUPPORT THE MISSION AND OPERATIONS OF CHAUTAUQUA INSTITUTION.
Describe the Organization's Program Activity:
DISTRIBUTIONS TO CHAUTAUQUA INSTITUTION FOR OPERATING AND CAPITAL EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah E Moore CPA Executive Director | Officer | 40 | $137,377 |
Theresa Frangione Corporate Secretary | Officer | 40 | $24,326 |
Karen J Goodell Thru 82021 Vice Chair | OfficerTrustee | 3 | $0 |
M Timothy Renjilian Chair | OfficerTrustee | 3 | $0 |
Craig Marthinsen Vice Chair | OfficerTrustee | 3 | $0 |
Stephen J Zenczak Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,538,631 |
| Noncash contributions included in lines 1a–1f | $413,391 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,538,631 |
| Total Program Service Revenue | $0 |
| Investment income | $1,340,200 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,809,347 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,699,614 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,466,202 |
| 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. | $165,825 |
| Compensation of current officers, directors, key employees. | $165,825 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,002 |
| Pension plan accruals and contributions | $21,982 |
| Other employee benefits | $18,656 |
| Payroll taxes | $16,029 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,832 |
| Fees for services: Accounting | $23,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $333,133 |
| Fees for services: Other | $22,961 |
| Advertising and promotion | $0 |
| Office expenses | $14,865 |
| Information technology | $12,847 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,267 |
| 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 | $4,369 |
| Insurance | $16,023 |
| All other expenses | $0 |
| Total functional expenses | $5,439,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $909,431 |
| Savings and temporary cash investments | $341,420 |
| Pledges and grants receivable | $6,178,033 |
| Accounts receivable, net | $58,165 |
| 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 | $16,139 |
| Net Land, buildings, and equipment | $14,702 |
| Investments—publicly traded securities | $73,656,185 |
| Investments—other securities | $60,205,756 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $336,513 |
| Total assets | $141,716,344 |
| Accounts payable and accrued expenses | $53,970 |
| Grants payable | $0 |
| 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 | $1,428,028 |
| Total liabilities | $1,481,998 |
| Net assets without donor restrictions | $6,885,646 |
| Net assets with donor restrictions | $133,348,700 |
| 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 | $141,716,344 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chautauqua Foundation Inc has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
The Foundation For Enhancing Communities Harrisburg, PA PURPOSE: ANNUAL CHAUTAUQUA FUND CAMPAIGN | $5,500 |
Endowment Analysis
| Beg. Balance | $112,647,405 |
| Earnings | $20,412,221 |
| Admin Expense | $5,069,559 |
| Net Contributions | $4,759,612 |
| Ending Balance | $132,749,679 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |
Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |
Nfa Foundation Inc Norwich, CT | $77,129,817 | $5,415,738 |
American Friends Of B Nai Levy Foundation Brooklyn, NY | $493,786 | $13,431,000 |
Rf Catalytic Capital Inc New York, NY | $241,603,034 | $246,273,218 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
Freedom Fund Brooklyn, NY | $51,719,352 | $51,201,158 |
American Friends Of Leket Israel Inc Teaneck, NJ | $3,165,709 | $12,922,662 |
Provision Ministry Inc Westborough, MA | $833,220 | $12,247,682 |