Glendorn Foundation
- Assets
- $4.0m
- Revenue
- $153.2k
- Investments
- $3.9m
- Employees
- 0
- Location
- Bradford, PA
- Founding
- 05/1954
- Data as of
- 12/2022
- EIN
- 25-1024349
Organization Overview
Glendorn Foundation is located in Bradford, PA. The organization was established in 1954. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Glendorn 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 12/2022, Glendorn Foundation generated $153.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $226.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Glendorn Foundation has awarded 72 individual grants totaling $1,315,966. 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 |
|---|---|---|---|
Stephen H Dorn Trustee | 1 | $0 | |
Clayton D Coburn Trustee | 1 | $0 | |
Brett Miller Trustee | 1 | $0 | |
Carolynn D Warner Trustee | 1 | $0 | |
Brooks Dorn Stewart Trustee | 1 | $0 | |
Hanley B Cox Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,550 |
| Interest on Savings | $175 |
| Dividends & Interest | $89,844 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $60,683 |
| Capital Gain Net Income | $60,683 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $997 |
| Total Revenue | $153,249 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,532 |
| Depreciation | $0 |
| Occupancy | $3,000 |
| Travel, conferences, and meetings | $11,163 |
| Printing and publications | $0 |
| Other expenses | $4,700 |
| Total operating and administrative expenses | $51,047 |
| Contributions, gifts, grants paid | $175,000 |
| Total expenses and disbursements | $226,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,008 |
| Savings and temporary cash investments | $141,552 |
| 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 | $992 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,006,800 |
| Accounts payable and accrued expenses | $525 |
| 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 | $525 |
Grants Awarded
Over the last fiscal year, Glendorn Foundation has awarded $175,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
FLICKINGER CNTR FOR PERFORMING ARTS PURPOSE: EDUCATION/ARTS | $15,000 |
FLICKINGERWEIDNER ENDOWMENT PURPOSE: EDUCATION/ARTS | $5,000 |
NEW MEXICO TECH PURPOSE: MEDICAL RESEARCH | $40,000 |
UNIVERSITY OF COLORADO PURPOSE: MEDICAL RESEARCH | $45,000 |
DENVER ZOOLOGICAL FOUNDATION PURPOSE: EDUCATION | $10,000 |
DENVER MUSEUM OF NATURE & SCIENCE PURPOSE: EDUCATION | $10,000 |