Fred Ebb Foundation
- Assets
- $60.1m
- Revenue
- $3.7m
- Investments
- $48.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/2019
- Data as of
- 12/2023
- EIN
- 35-7207732
Organization Overview
Fred Ebb Foundation is located in New York, NY. The organization was established in 2019. 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. Fred Ebb 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 12/2023, Fred Ebb Foundation generated $3.7m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $3.0m during the year ending 12/2023. While expenses have increased by 1.9% per year over the past 4 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.
Since 2020, Fred Ebb Foundation has awarded 13 individual grants totaling $10,525,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAKES DISTRIBUTIONS TO BROADWAY CARES / EQUITY FIGHTS AIDS INC. ONE OF THE PURPOSES OF THE FOUNDATION IS TO PROVIDE FINANCIAL ASSISTANCE TO THIS ORGANIZATION. DISTRIBUTIONS WILL BE MADE IN ORDER TO SATISFY THE REQUIREMENTS OF IRC SECTION 4942. IN ADDITION, THE TRUSTEE MAY MAKE DISTRIBUTIONS IN EXCESS OF THOSE REQUIRED BY SECTION 4942 FROM TIME TO TIME.
THE FOUNDATION WILL PROVIDE AN ANNUAL AWARD OF $60,000 TO ONE OR MORE PERSONS WORKING IN THE FIELD OF MUSICAL THEATRE AS COMPOSERS OR LYRICISTS WHO MAY NOT HAVE ACHIEVED COMMERCIAL SUCCESS. THE ANNUAL AWARD WILL RECOGNIZE MERIT AND EXCELLENCE. THE ANNUAL AWARD IS NOT FOR TRAVEL, STUDY OR SIMILAR ACTIVITIES WITHIN THE MEANING OF IRC SECTION 4945(D)(3) NOR IS THE AWARD CONDITIONED UPON FUTURE ACTIVITIES.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $382,353 |
| Dividends & Interest | $313,272 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $962,497 |
| Capital Gain Net Income | $962,497 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,023,787 |
| Total Revenue | $3,681,909 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $97,910 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $102,288 |
| Total operating and administrative expenses | $377,612 |
| Contributions, gifts, grants paid | $2,660,000 |
| Total expenses and disbursements | $3,037,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,098 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $9,000 |
| 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 | $143,737 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $11,886,974 |
| Total assets | $60,056,370 |
| 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, Fred Ebb Foundation has awarded $2,660,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BROADWAY CARES EQUITY FIGHTS PURPOSE: GENERAL | $2,600,000 |
FREYA GEARY SMITH PURPOSE: GENERAL | $30,000 |
JACK WILLIAMS PURPOSE: GENERAL SUPPORT | $30,000 |