Nassau Bar Foundation Inc
- Assets
- $1.1m
- Revenue
- $485.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Mineola, NY
- Founding
- 05/1949
- Data as of
- 06/2021
- EIN
- 23-7336685
Organization Overview
Nassau Bar Foundation Inc is located in Mineola, NY. The organization was established in 1949. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 06/2021, Nassau Bar Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nassau Bar 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 06/2021, Nassau Bar Foundation Inc generated $485.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $388.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (12.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Nassau Bar Foundation Inc has awarded 105 individual grants totaling $1,338,500. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH, CONDUCT AND OPERATE CHARITABLE PROGRAMS SEEKING TO ENHANCE THE WELL-BEING AND FUNCTIONING OF INDIVIDUALS ESPECIALLY THE WELL-BEING AND FUNCTIONING OF CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ESTABLISH, CONDUCT, AND OPERATE CHARITABLE PROGRAMS SEEKING TO ENHANCE THE WELL-BEING AND FUNCTIONING OF INDIVIDUALS ESPECIALLY THE WELL-BEING AND FUNCTIONING OF CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard D Collins President | OfficerTrustee | 1 | $0 |
Dorian R Glover Secret/treasure | OfficerTrustee | 1 | $0 |
Gregory S Lisi Director | Trustee | 1 | $0 |
Michael H Masri Director | Trustee | 1 | $0 |
Jacqueline A Cara Director | Trustee | 1 | $0 |
Peter B Skelos Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $329,004 |
| All other contributions, gifts, grants, and similar amounts not included above | $86,716 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $415,720 |
| Total Program Service Revenue | $0 |
| Investment income | $389 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $65,575 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $485,188 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,250 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $161,885 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,412 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,844 |
| Office expenses | $1,973 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,500 |
| Travel | $0 |
| 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 | $221 |
| Insurance | $6,155 |
| All other expenses | $15,884 |
| Total functional expenses | $388,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $924,315 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,150 |
| 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 | $17,506 |
| Net Land, buildings, and equipment | $1,253 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $131,514 |
| Total assets | $1,079,738 |
| Accounts payable and accrued expenses | $6,757 |
| Grants payable | $0 |
| Deferred revenue | $28,401 |
| 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 | $53,813 |
| Total liabilities | $88,971 |
| Net assets without donor restrictions | $968,944 |
| Net assets with donor restrictions | $21,823 |
| 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 | $1,079,738 |
Grants Awarded
Over the last fiscal year, Nassau Bar Foundation Inc has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LONG ISLAND COUNCIL OF CHURCH PURPOSE: Charitable | $10,000 |
CHRISTMAS DREAM PURPOSE: Charitable | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Nassau Bar Foundation Inc has recieved totaling $516.
| Awarding Organization | Amount |
|---|---|
Beacon Light Foundation Inc Peconic, NY PURPOSE: CONTRIBUTION | $300 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $216 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pennsylvania State Education Association P S E A Harrisburg, PA | $182,856,842 | $77,031,675 |
St Thomas Aquinas College Sparkill, NY | $109,572,323 | $32,266,792 |
United Federation Of Teachers Health Care Chapter Bene New York, NY | $44,363,289 | $35,536,855 |
New Jersey Education Association Trenton, NJ | $44,298,969 | $35,727,105 |
Educators For Excellence New York, NY | $11,862,127 | $12,667,542 |
Society Of Hospital Medicine Philadelphia, PA | $18,912,774 | $11,282,806 |
New England Association Of Schools & Colleges Inc Lowell, MA | $16,030,739 | $7,781,290 |
Pennsylvania School Boards Association Inc Mechanicsburg, PA | $12,806,871 | $8,442,070 |
National Association For Communitycollege Entrepreneurship Inc Springfield, MA | $6,289,800 | $9,180,513 |
Foundation For Educational Administration Monroe Twp, NJ | $7,493,691 | $6,007,495 |
National Association Of Colleges And Employers Bethlehem, PA | $16,581,342 | $8,504,625 |
Center For Educational Innovation New York, NY | $3,305,790 | $4,609,505 |