October Mountain Foundation Inc
- Assets
- $20.4m
- Revenue
- $718.6k
- Investments
- $19.3m
- Employees
- 0
- Location
- Lynbrook, NY
- Founding
- 12/2015
- Data as of
- 12/2023
- EIN
- 47-4442570
Organization Overview
October Mountain Foundation Inc is located in Lynbrook, NY. The organization was established in 2015. 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. October Mountain 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.
Since 2018, October Mountain Foundation Inc has awarded 137 individual grants totaling $6,069,108. 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 |
|---|---|---|---|
Carol Davis Trustee And President | 0.5 | $0 | |
Joel I Marcus Trustee And Treasurer | 0.5 | $0 | |
Jacob Margolis Trustee | 0.75 | $0 | |
Leila Margolis Trustee | 0.75 | $0 | |
Katherine Malone Trustee | 0.5 | $0 | |
Michael Mcginnis Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $62,261 |
| Dividends & Interest | $465,735 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $190,620 |
| Capital Gain Net Income | $190,620 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $718,616 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,788 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $55,510 |
| Total operating and administrative expenses | $155,840 |
| Contributions, gifts, grants paid | $2,185,500 |
| Total expenses and disbursements | $2,341,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,189 |
| Savings and temporary cash investments | $1,106,396 |
| 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 | $20,420,830 |
| 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, October Mountain Foundation Inc has awarded $2,185,500 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
ABORTION CARE NETWORK PURPOSE: GENERAL SUPPORT | $50,000 |
AMERICAN INDIAN COLLEGE FUND PURPOSE: GENERAL SUPPORT | $1,000 |
AUSTEN RIGGS CENTER PURPOSE: GENERAL SUPPORT | $100,000 |
BROOKLYN PUBLIC LIBRARY PURPOSE: GENERAL SUPPORT | $5,000 |
BULLDOG HAVEN NW PURPOSE: GENERAL SUPPORT | $5,000 |
CAMP FRIENDSHIP PURPOSE: GENERAL SUPPORT | $20,000 |