1994 Charles B Degenstein Foundation
- Assets
- $102.7m
- Revenue
- $20.0m
- Investments
- $101.0m
- Employees
- 0
- Location
- Sunbury, PA
- Founding
- 01/1996
- Data as of
- 06/2021
- EIN
- 23-7792979
Organization Overview
1994 Charles B Degenstein Foundation is located in Sunbury, PA. The organization was established in 1996. 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. 1994 Charles B Degenstein Foundation 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, 1994 Charles B Degenstein Foundation generated $20.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 26.1% each year . All expenses for the organization totaled $4.9m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, 1994 Charles B Degenstein Foundation has awarded 181 individual grants totaling $7,467,763. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bny Mellon N A Co-Trustee | 1 | $496,101 | |
Benjamin Apfelbaum Co-Trustee | 25 | $15,000 | |
Brianna Apfelbaum Kula Co-Trustee | 40 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,120,658 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,582,636 |
| Capital Gain Net Income | $17,582,636 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $276,248 |
| Total Revenue | $19,979,542 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $526,101 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $443,183 |
| Depreciation | $0 |
| Occupancy | $5,250 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $338,202 |
| Total operating and administrative expenses | $1,410,714 |
| Contributions, gifts, grants paid | $3,490,763 |
| Total expenses and disbursements | $4,901,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,704,897 |
| 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 | $101,032,121 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $102,737,018 |
| 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, 1994 Charles B Degenstein Foundation has awarded $3,490,763 in support to 124 organizations.
| Grant Recipient | Amount |
|---|---|
Selinsgrove, PA PURPOSE: SERVICE SCHOLARS PROGRAM | $825,000 |
GEISINGER HEALTH FOUNDATION PURPOSE: SUNBURY OPPORTUNITY | $475,000 |
Sunbury, PA PURPOSE: WI-FI HOTSPOTS FOR LOCAL | $182,797 |
Sunbury, PA PURPOSE: ANNUAL PROGRAM AND FACILITY | $150,000 |
Selinsgrove, PA PURPOSE: COMMUNITY POOL REPAIR | $150,000 |
Selinsgrove, PA PURPOSE: SU DOWNTOWN CENTER | $100,000 |
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 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
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 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |
Theodore J Forstmann Charitable Trust New York, NY | $79,816,371 | $674,210 |
The Carol A Ammon Foundation Albany, NY | $10,088,469 | $6,097,174 |