Chautauqua Foundation Inc
- Assets
- $137.0m
- Revenue
- $16.4m
- Investments
- $50.6m
- Employees
- 3
- Location
- Chautauqua, NY
- Founding
- 12/1938
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Chautauqua Foundation Inc generated $16.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $6.8m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PRESERVATION, THE APPROPRIATE USE, AND THE GROWTH OF ENDOWMENT FUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIONS TO CHAUTAUQUA INSTITUTION FOR OPERATING AND CAPITAL EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M Timothy Renjilian Chair | OfficerTrustee | 3 | $0 |
Craig Marthinsen Vice Chair | OfficerTrustee | 3 | $0 |
Sheila Schroeder Treasurer | OfficerTrustee | 3 | $0 |
Brett Altman Director | Trustee | 3 | $0 |
David Anderson Director | Trustee | 3 | $0 |
Stacey M Berger Director | Trustee | 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 | $10,086,600 |
| Noncash contributions included in lines 1a–1f | $710,842 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,086,600 |
| Total Program Service Revenue | $0 |
| Investment income | $2,277,996 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,041,926 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,411,291 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,738,861 |
| 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. | $203,150 |
| Compensation of current officers, directors, key employees. | $203,150 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,924 |
| Pension plan accruals and contributions | $21,079 |
| Other employee benefits | $35,880 |
| Payroll taxes | $19,238 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $825 |
| Fees for services: Accounting | $31,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $313,699 |
| Fees for services: Other | $19,773 |
| Advertising and promotion | $0 |
| Office expenses | $7,269 |
| Information technology | $14,762 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $50,954 |
| 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 | $1,432 |
| Insurance | $21,750 |
| All other expenses | $0 |
| Total functional expenses | $6,811,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $812,966 |
| Savings and temporary cash investments | $694,726 |
| Pledges and grants receivable | $5,558,100 |
| Accounts receivable, net | $154,806 |
| 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 | $27,710 |
| Net Land, buildings, and equipment | $14,606 |
| Investments—publicly traded securities | $78,722,297 |
| Investments—other securities | $50,634,491 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $349,116 |
| Total assets | $136,968,818 |
| Accounts payable and accrued expenses | $81,657 |
| 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 | $807,766 |
| Total liabilities | $889,423 |
| Net assets without donor restrictions | $7,679,359 |
| Net assets with donor restrictions | $128,400,036 |
| 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 | $136,968,818 |