Higley Foundation Inc
- Assets
- $20.1m
- Revenue
- $737.5k
- Investments
- $19.0m
- Employees
- 0
- Location
- Norwich, NY
- Founding
- 10/2003
- Data as of
- 12/2022
- EIN
- 20-0217792
Organization Overview
Higley Foundation Inc is located in Norwich, NY. The organization was established in 2003. 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. Higley 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, Higley Foundation Inc generated $737.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Higley Foundation Inc has awarded 74 individual grants totaling $3,657,627. 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 |
|---|---|---|---|
Roy E Fuller Treasurer | 5 | $15,000 | |
Richard M Runyon President & CEO | 15 | $90,000 | |
Jessica C Thompson Secretary | 5 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $559,066 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $178,427 |
| Capital Gain Net Income | $178,427 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $737,493 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $125,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $38,101 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,582 |
| Total operating and administrative expenses | $281,309 |
| Contributions, gifts, grants paid | $944,629 |
| Total expenses and disbursements | $1,225,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,026 |
| Savings and temporary cash investments | $1,068,106 |
| 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 | $1,737,406 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,136,469 |
| 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, Higley Foundation Inc has awarded $944,629 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CHENANGO SPCA PURPOSE: SUPPORT OPERATIONS | $161,290 |
CATHOLIC CHARITIES OF CNY PURPOSE: PURCHASE FOOD | $15,000 |
THE PLACE PURPOSE: YOUTH PROGRAMS | $7,500 |
NORTHEAST CLASSIC CAR MUSEUM PURPOSE: RENOVATIONS | $200,000 |
IMPACT PROJECT PURPOSE: MATERIALS- OPERATIONS | $90,000 |
NORWICH BUSINESS IMPROVEMENT DISTRI PURPOSE: COUNCIL OF ARTS CONCERT | $7,200 |