Center For Discovery Endowment Fund Inc
- Assets
- $39.6m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Harris, NY
- Founding
- 04/2008
- Data as of
- 12/2021
- EIN
- 26-1234571
Organization Overview
Center For Discovery Endowment Fund Inc is located in Harris, NY. The organization was established in 2008. According to its NTEE Classification (F11) the organization is classified as: Single Organization Support, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Discovery Endowment Fund 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 12/2021, Center For Discovery Endowment Fund Inc generated $9.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $888.1k during the year ending 12/2021. While expenses have increased by 13.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CENTER FOR DISCOVERY ENDOWMENT FUND, WAS FORMED EXCLUSIVELY TO (I) PROVIDE SUPPORT AND ASSISTANCE THROUGH AID TO THE CENTER FOR DISCOVERY, INC., (CONTINUED ON SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPPORT AND ASSISTANCE THROUGH FINANCIAL AID TO THE CENTER AND TO PROMOTE KNOWLEDGE AND AWARENESS OF PROGRAMS AND SERVICES PROVIDED BY THE CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward C Sweeney Chair | OfficerTrustee | 0.19 | $0 |
Edward Giancontieri Vice Chair | OfficerTrustee | 0.08 | $0 |
William Myslinski PHD Treasurer | OfficerTrustee | 0.15 | $0 |
Nelly Bly-Arougheti Vice Chair | OfficerTrustee | 0.23 | $0 |
Michael J Dubilier Secretary | OfficerTrustee | 0.15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,334,981 |
| Noncash contributions included in lines 1a–1f | $324,866 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,334,981 |
| Total Program Service Revenue | $0 |
| Investment income | $352,133 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,592,430 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,279,544 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $463,191 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $195,539 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $133,655 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $79,842 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $15,904 |
| Total functional expenses | $888,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $9,701,280 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $168,000 |
| Investments—publicly traded securities | $23,755,086 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,975,712 |
| Total assets | $39,600,078 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,494,583 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,819,616 |
| Total liabilities | $7,314,199 |
| Net assets without donor restrictions | $28,527,582 |
| Net assets with donor restrictions | $3,758,297 |
| 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 | $39,600,078 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Center For Discovery Endowment Fund Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Hobson Lucas Family Foundation San Rafael, CA PURPOSE: GENERAL DONATION | $10,000 |
Endowment Analysis
| Beg. Balance | $18,044,852 |
| Earnings | $2,449,051 |
| Admin Expense | $409,799 |
| Net Contributions | $3,320,444 |
| Ending Balance | $23,404,548 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Foundation For Suicide Prevention New York, NY | $69,758,088 | $33,149,569 |
University Psychiatric Practice Inc Buffalo, NY | $19,794,952 | $20,735,784 |
Connection Fund Inc Middletown, CT | $17,037,808 | $10,063,430 |
Dakota Properties Inc Mount Holly, NJ | $11,168,008 | $2,729,427 |
Kingsway Services Inc Moorestown, NJ | $393,060 | $2,101,519 |
Comprehensive Community Services Inc Charleroi, PA | $5,623,324 | $1,665,525 |
Center For Discovery Endowment Fund Inc Harris, NY | $39,600,078 | $9,279,544 |
Kids Escaping Drugs Inc West Seneca, NY | $6,338,443 | $681,795 |
Friends Of Laurel House Inc Stamford, CT | $2,314,108 | $1,171,562 |
Emmaus Community Of Pittsburgh Foundation Pittsburgh, PA | $2,801,053 | $727,152 |
Suffolk Ahrc Foundation Inc Bohemia, NY | $1,807,955 | $435,918 |
Wsk House Inc Boston, MA | $4,273,496 | $120,309 |