Geoffrey Beene Foundation
- Assets
- $24.5m
- Revenue
- $734.8k
- Investments
- $21.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/2007
- Data as of
- 12/2021
- EIN
- 43-6936635
Organization Overview
Geoffrey Beene Foundation is located in New York, NY. The organization was established in 2007. 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. Geoffrey Beene 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 12/2021, Geoffrey Beene Foundation generated $734.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Geoffrey Beene Foundation has awarded 85 individual grants totaling $14,248,783. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mara Hutton Executive VP | 35 | $69,504 | |
G Thompson Hutton Trustee | 35 | $55,406 | |
Max Eisikovic CFO | 10 | $14,420 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $280,541 |
| Dividends & Interest | $397,182 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $61,579 |
| Capital Gain Net Income | $61,579 |
| Net ST Capital Gain | $16,354 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$4,523 |
| Total Revenue | $734,779 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $214,277 |
| Other employee salaries and wages | $58,830 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,932 |
| Depreciation | $10,830 |
| Occupancy | $84,789 |
| Travel, conferences, and meetings | $14,232 |
| Printing and publications | $0 |
| Other expenses | $204,064 |
| Total operating and administrative expenses | $629,258 |
| Contributions, gifts, grants paid | $830,000 |
| Total expenses and disbursements | $1,459,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,790 |
| Savings and temporary cash investments | $2,838,633 |
| 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 | $122,130 |
| Net Land, buildings, and equipment | $20,127 |
| Other assets | $61,288 |
| Total assets | $24,480,111 |
| 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, Geoffrey Beene Foundation has awarded $780,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MEMORIAL SLOAN KETTERING PURPOSE: CANCER RESEARCH AND TREATMENT | $750,000 |
RESEARCH AMERICA PURPOSE: MEDICAL RESEARCH | $25,000 |
New York, NY PURPOSE: DELIVER FOOD TO HOMEBOUND ELDERLY PEOPLE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |