Henry Uihlein Ii & Mildred A Uihlein
- Assets
- $21.3m
- Revenue
- $468.8k
- Investments
- $12.7m
- Employees
- 0
- Location
- Lake Placid, NY
- Founding
- 03/1979
- Data as of
- 12/2022
- EIN
- 39-1322495
Organization Overview
Henry Uihlein Ii & Mildred A Uihlein is located in Lake Placid, NY. The organization was established in 1979. 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. Henry Uihlein Ii & Mildred A Uihlein 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, Henry Uihlein Ii & Mildred A Uihlein generated $468.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.9%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Henry Uihlein Ii & Mildred A Uihlein has awarded 76 individual grants totaling $1,093,620. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2020 THE FOUNDATION TOOK TITLE TO APPROXIMATELY 454 ACRES OF FARMLAND DIRECTLY ACROSS BEAR CUB LANE FROM HEAVEN HILL. THIS LAND WAS GIFTED TO CORNELL UNIVERSITY IN THE EARLY '60S BY HENRY UIHLEIN FOR USE IN SEED POTATO RESEARCH. CORNELL DISCONTINUED THE RESEARCH PROJECT AND TURNED THE PROPERTY (INCLUDING A LAB BUILDING AND A LARGE STOREHOUSE) OVER TO THE FOUNDATION. THE FOUNDATION'S INTENT IS TO MAKE THE SPACE AVAILABLE AT NO CHARGE TO NOT-FOR-PROFITS FOR THEIR OFFICES. TO THAT END, THE FOUNDATION HAS INVESTED ABOUT $1.5 MILLION IN REPURPOSING A 6,800 SQUARE FOOT POTATO WAREHOUSE INTO USABLE OFFICE SPACE AS WELL AS UPGRADING ELECTRICAL SERVICE, WATER, AND SEWER. THE WAREHOUSE, NOW A FULLY FUNCTIONAL OFFICE BUILDING, WAS THE HEADQUARTERS FOR THE WORLD UNIVERSITY GAMES (A 'WINTER OLYMPICS' FOR UNIVERSITIES - 46 UNIVERSITIES FROM ALL OVER THE WORLD PARTICIPATED) IN JANUARY 2023.
THE FOUNDATION'S FOUNDER, HENRY UIHLEIN, DIRECTED THAT, IF POSSIBLE, HIS PROPERTY NOT BE TURNED INTO A COMMERCIAL OR RESIDENTIAL DEVELOPMENT. ACCORDINGLY, THE FOUNDATION HAS RENOVATED AND RESTORED HIS RATHER EXTENSIVE FARMHOUSE AND HOLDS IT AVAILABLE TO LOCAL NOT-FOR-PROFIT ORGANIZATIONS AS A VENUE FOR MEETINGS, SEMINARS, RETREATS, AND FUND-RAISERS. AN UPDATED (BUT NOT "COMMERCIAL") KITCHEN IS AVAILABLE ALONG WITH FIBER-SUPPORTED WI-FI. THE BUILDING USUALLY SEES ABOUT 3,000 VISITORS A YEAR. IN 2021, THE BUILDING REOPENED IN JUNE AND SAW ABOUT 1,050 VISITORS DURING THE REMAINDER OF THE YEAR. IN 2022 THE NUMBER INCREASED TO ABOUT 2,000.
THE FOUNDATION HAS DEVELOPED ABOUT ELEVEN MILES OF WALKING/HIKING/CROSS-COUNTRY SKI TRAILS THAT ARE EXTENSIVELY USED YEAR-ROUND BY LOCAL RESIDENTS AND VISITORS. THE COVID LOCKDOWN SPURRED EVEN MORE USAGE. GUESSTIMATES PUT TOTAL USAGE OVER THE YEAR IN SIX FIGURES. HENRY'S WOODS LIES AT THE EASTERN END OF THE PROPERTY AND CONSISTS OF SEVERAL HEAVILY ENGINEERED TRIALS OF LIGHT TO MODERATE DIFFICULTY AND BREATH-TAKING VIEWS FROM LOOKOUTS HIGHER UP THE HILL. HEAVEN HILL TRAILS, INCLUDING OLD ORCHARD TRAIL, ARE LOCATED ON RELATIVELY FLAT TERRAIN AT THE WESTERN END OF THE PROPERTY. ALL TRAILS ARE WELL MARKED. RECENT ACQUISITION OF ADJACENT PROPERTY FORMERLY USED FOR POTATO RESEARCH HAS PROMPTED A HALT TO FURTHER TRAIL DEVELOPMENT PENDING THE COMPLETION OF A COMPREHENSIVE PLAN FOR THE TRAIL SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John D Leekley Jr Trustee, Chairperson | 6 | $68,000 | |
James Mckenna Trustee | 13.75 | $78,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,775 |
| Dividends & Interest | $157,186 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $299,976 |
| Capital Gain Net Income | $299,976 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,865 |
| Total Revenue | $468,802 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $146,000 |
| Other employee salaries and wages | $170,927 |
| Pension plans, employee benefits | $36,468 |
| Interest | $0 |
| Taxes | $20,731 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $19,788 |
| Printing and publications | $0 |
| Other expenses | $133,231 |
| Total operating and administrative expenses | $683,597 |
| Contributions, gifts, grants paid | $387,500 |
| Total expenses and disbursements | $1,071,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $223,770 |
| 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 | $7,168,829 |
| Net Land, buildings, and equipment | $8,320,508 |
| Other assets | $0 |
| Total assets | $21,285,339 |
| 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, Henry Uihlein Ii & Mildred A Uihlein has awarded $387,500 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ADIRONDACK COUNCIL INC PURPOSE: CLARENCE PETTY INTERN | $7,500 |
ADIRONDACK FOUNDATION PURPOSE: NORTH ELBA CHRISTMAS FUND | $10,000 |
ADIRONDACK RESEARCH CONSORTIUM PURPOSE: GENERAL OPERATIONS | $1,500 |
ADIRONDACK MOUNTAIN CLUB INC PURPOSE: CACASE IMPROVEMENTS | $30,000 |
ADIRONDACK NORTH COUNTRY SPORTS COUNCIL PURPOSE: 2022 WORLD UNIV SPEED SKATING CHAMPIONSHIPS | $50,000 |
ADIRONDACK SPEEDSKATING CLUB PURPOSE: KID'S PROGRAM | $5,000 |