Owen T & Alice M Gorman Test Charitable Tr Uw Alice M Gorman
- Assets
- $16.6m
- Revenue
- $1.8m
- Investments
- $12.6m
- Employees
- 0
- Location
- Oneida, NY
- Founding
- 01/2003
- Data as of
- 12/2021
- EIN
- 22-6927092
Organization Overview
Owen T & Alice M Gorman Test Charitable Tr Uw Alice M Gorman is located in Oneida, 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. Owen T & Alice M Gorman Test Charitable Tr Uw Alice M Gorman 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, Owen T & Alice M Gorman Test Charitable Tr Uw Alice M Gorman generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $1.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Owen T & Alice M Gorman Test Charitable Tr Uw Alice M Gorman has awarded 133 individual grants totaling $5,578,051. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES RELATED TO OPERATING FREE HEALTH CLINIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Larson President | 40 | $106,085 | |
Joanne Larson Chief Investment Officer | 30 | $85,000 | |
James Sullivan Vice-President | 20 | $30,000 | |
Aric Larson Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,471 |
| Interest on Savings | $0 |
| Dividends & Interest | $378,250 |
| Net Rental Income | $265,951 |
| Net Gain on Sale of Assets | $1,160,719 |
| Capital Gain Net Income | $1,160,719 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,222 |
| Total Revenue | $1,814,613 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $230,000 |
| Other employee salaries and wages | $104,650 |
| Pension plans, employee benefits | $0 |
| Interest | $29,027 |
| Taxes | $64,006 |
| Depreciation | $123,083 |
| Occupancy | $30,387 |
| Travel, conferences, and meetings | $270 |
| Printing and publications | $0 |
| Other expenses | $150,328 |
| Total operating and administrative expenses | $866,807 |
| Contributions, gifts, grants paid | $742,760 |
| Total expenses and disbursements | $1,609,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $338,275 |
| Savings and temporary cash investments | $0 |
| 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 | $3,389,959 |
| Investments—mortgage loans | $0 |
| Investments—other | $12,635,327 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $204,160 |
| Total assets | $16,567,721 |
| Accounts payable and accrued expenses | $2,273 |
| Grants payable | $445,731 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,274,351 |
| Total liabilities | $1,722,355 |
Grants Awarded
Over the last fiscal year, Owen T & Alice M Gorman Test Charitable Tr Uw Alice M Gorman has awarded $1,207,760 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ONEIDA HEALTHCARE CENTER PURPOSE: FOR A NEW CANCER CENTER & IMPROVEMENTS TO THE GORMAN IMAGING CENTER | $450,000 |
ARC OF MADISON-CORTLAND PURPOSE: FOR A NEW ROOF AT THE MAIN STREET LOCATION | $320,865 |
ONEIDA HEALTHCARE CENTER PURPOSE: FOR A NEW CANCER CENTER & IMPROVEMENTS TO THE GORMAN IMAGING CENTER, PATIENT COMFORT SUPPLIES | $225,000 |
MARY ROSE CLINIC PURPOSE: TO PROVIDE FREE HEALTHCARE TO THE UNINSURED AND UNDERINSURED | $90,000 |
ONEIDA PUBLIC LIBRARY PURPOSE: FOR A NEW LIBRARY | $40,000 |
SUNY ALBANY PURPOSE: TO FUND A GRADUATE ASSISTANT POSITION IN THE PSYCHOLOGICAL SERVICES PROGRAM | $26,895 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
High Meadows Foundation Boston, MA | $7,499,132 | $11,021,494 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Synchrony Foundation Stamford, CT | $74,474,766 | $12,637,293 |
Gavin Foundation Inc South Boston, MA | $19,688,054 | $21,343,242 |
Jp Fletcher Foundation Inc Cambridge, MA | $29,829,221 | -$3,521,275 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |