Roger Kresge Foundation Inc Trust
- Assets
- $1.9m
- Revenue
- $41.4k
- Investments
- $1.6m
- Employees
- 0
- Location
- Binghamton, NY
- Founding
- 09/1971
- Data as of
- 12/2022
- EIN
- 23-7081254
Organization Overview
Roger Kresge Foundation Inc Trust is located in Binghamton, NY. The organization was established in 1971. 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. Roger Kresge Foundation Inc Trust 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, Roger Kresge Foundation Inc Trust generated $41.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (20.9%) each year. All expenses for the organization totaled $299.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Roger Kresge Foundation Inc Trust has awarded 58 individual grants totaling $613,439. 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 |
|---|---|---|---|
Carol Kresge Ex Dir/pres/treas | 45 | $110,984 | |
Joseph Cawley Director/secretary | 0 | $0 | |
Andrew Corea Director/vice President | 0 | $0 | |
Roxie Oberg Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $109 |
| Dividends & Interest | $76,261 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$35,085 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $100 |
| Total Revenue | $41,385 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $110,984 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $11,098 |
| Interest | $0 |
| Taxes | $12,682 |
| Depreciation | $788 |
| Occupancy | $1,604 |
| Travel, conferences, and meetings | $390 |
| Printing and publications | $0 |
| Other expenses | $23,787 |
| Total operating and administrative expenses | $190,486 |
| Contributions, gifts, grants paid | $109,373 |
| Total expenses and disbursements | $299,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $209,740 |
| 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 | $1,181 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,601,713 |
| Net Land, buildings, and equipment | $113,622 |
| Other assets | $0 |
| Total assets | $1,926,256 |
| 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, Roger Kresge Foundation Inc Trust has awarded $109,373 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Binghamton, NY PURPOSE: EXPAND STEAM AND LITERACY PROGRAMMING AND EQUIPMENT | $31,700 |
RURAL HEALTH NETWORK PURPOSE: TO SUPPORT ESTABLISHMENT OF AMERICORPS YOUTH TRAINING/EMPLOYMENT PILOT PROGRAM THAT WILL ASSIST SENIOR RESIDENTS WITH HOME REPAIRS AND MAINTENANCE IN NORTHERN BROOME | $27,173 |
KOPERNIK OBSERVATORY & SCIENCE CENTER PURPOSE: FUNDING TO SUPPORT THE RECRUITMENT AND EMPLOYMENT OF A DIRECTOR OF EDUCATION | $25,000 |
Binghamton, NY PURPOSE: ENDOWED SCHOLARSHIP FUND - YEAR FIVE OF 5 YEARS | $15,000 |
TRI-CITIES OPERA PURPOSE: OPERA-GO-ROUND EDUCATION OUTREACH HYBRID PROGRAM | $6,000 |
THE KEYS PROGRAM PURPOSE: FUNDING FOR THE MUSIC THERAPY PROGRAM SESSIONS FOR BROOME COUNTY CHILDREN WITH CANCER AND/OR DISABILITIES | $4,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Steven & Alexandra Cohen Foundation Inc Stamford, CT | $524,605,658 | $98,007,018 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $130,108,063 | $92,858,448 |
Carson Fam Charitable Tr New York, NY | $302,357,968 | $144,716,166 |
Blavatnik Family Foundation 2020 New York, NY | $0 | $14,146 |
Henry Luce Foundation Inc New York, NY | $1,226,277,880 | $84,818,070 |
Paul E Singer Foundation New York, NY | $412,018,579 | $19,273,091 |