Dellora A & Lester J Norris Foundation
- Assets
- $29.7m
- Revenue
- $4.4m
- Investments
- $29.7m
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- 02/1980
- Data as of
- 12/2023
- EIN
- 36-3054939
Organization Overview
Dellora A & Lester J Norris Foundation is located in Greenwich, CT. The organization was established in 1980. 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. Dellora A & Lester J Norris 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, Dellora A & Lester J Norris Foundation generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $3.3m during the year ending 12/2023. While expenses have increased by 7.1% per year over the past 5 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George N Gaynor Chairman And Director | 0 | $0 | |
Philip N Collins President And Director | 0 | $0 | |
Robert A Norris Vice President And Director | 0 | $0 | |
John D Norris Vice President And Director | 0 | $0 | |
Edward F Rodenbach Secretary And Assistant Treasurer | 2 | $0 | |
Michael Butler Treasurer | 25 | $40,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Frost Bank | 12/30/23 | $92,394 |
Appleton Partners | 12/30/23 | $90,609 |
Cummings & Lockwood Llc | 12/30/23 | $54,812 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $821,412 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,577,509 |
| Capital Gain Net Income | $3,577,509 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,398,921 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $24,847 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $18,003 |
| Printing and publications | $0 |
| Other expenses | $2,010 |
| Total operating and administrative expenses | $322,677 |
| Contributions, gifts, grants paid | $3,018,150 |
| Total expenses and disbursements | $3,340,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $87,173 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $29,742,255 |
| 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 |