Long Cove Foundation Inc
- Assets
- $7.7m
- Revenue
- $401.0k
- Investments
- $6.7m
- Employees
- 0
- Location
- Pittsford, NY
- Founding
- 12/2006
- Data as of
- 12/2022
- EIN
- 41-2217896
Organization Overview
Long Cove Foundation Inc is located in Pittsford, NY. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Long Cove Foundation 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 12/2022, Long Cove Foundation Inc generated $401.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $536.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Long Cove Foundation Inc has awarded 101 individual grants totaling $4,364,199. 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
NOT APPLICABLE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Sant Vice President And Secretary | 1 | $0 | |
Kristin W Sant President And Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,488 |
| Dividends & Interest | $97,385 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$100,845 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $389,988 |
| Total Revenue | $401,016 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $260 |
| Total operating and administrative expenses | $56,934 |
| Contributions, gifts, grants paid | $479,500 |
| Total expenses and disbursements | $536,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,456 |
| Savings and temporary cash investments | $0 |
| 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 | $6,666,172 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $936,591 |
| Total assets | $7,686,219 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $700,000 |
| 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 | $700,000 |
Grants Awarded
Over the last fiscal year, Long Cove Foundation Inc has awarded $479,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CARPENTERS BOAT SHOP PURPOSE: UNRESTRICTED | $1,000 |
COASTAL RIVERS CONSERVATION TRUST PURPOSE: $1,000 UNRESTRICTED; $25,000 TOWARD PURCHASE OF LA VERNA ADDITION | $26,000 |
COLBY COLLEGE PURPOSE: $2,500 FOR THE COLBY FUND AND $25,000 FOR TRUE NORTH ENVIRONMENTAL FINANCIAL AID FUND | $27,500 |
DOWNEAST SALMON FEDERATION PURPOSE: DIADROMOUS FISH MONITORING & HABITAT RESTORATION IN EASTERN MAINE | $40,000 |
MDI BIOLOGICAL LABORATORY PURPOSE: GENERAL SUPPORT | $40,000 |
ME CENTER FOR COASTAL FISHERIES PURPOSE: GENERAL SUPPORT | $40,000 |