Bernard A Egan Foundation Inc
- Assets
- $111.6m
- Revenue
- $4.5m
- Investments
- $79.0m
- Employees
- 0
- Location
- Fort Pierce, FL
- Founding
- 02/1996
- Data as of
- 05/2023
- EIN
- 65-0501660
Organization Overview
Bernard A Egan Foundation Inc is located in Fort Pierce, FL. The organization was established in 1996. 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. Bernard A Egan 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 05/2023, Bernard A Egan Foundation Inc generated $4.5m 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 (21.3%) each year. All expenses for the organization totaled $8.1m during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bernard A Egan Foundation Inc has awarded 1,294 individual grants totaling $43,471,787. 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.
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 |
|---|---|---|---|
Bernadette M Emerick President | 10 | $0 | |
Jean Jacques Gilet Vice President | 1 | $0 | |
Gregory P Nelson Secretary/treasurer | 4 | $0 | |
Mary R Shinn Assistant Secretary | 2 | $0 | |
Catherine M Rohm Assistant Treasurer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Truist | 5/30/23 | $295,747 |
Bernard Egan & Company | 5/30/23 | $388,294 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,402,408 |
| Dividends & Interest | $1,869,320 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $986,641 |
| Capital Gain Net Income | $1,311,616 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $279,564 |
| Total Revenue | $4,537,933 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $119,061 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $48 |
| Other expenses | $321,451 |
| Total operating and administrative expenses | $854,156 |
| Contributions, gifts, grants paid | $7,270,675 |
| Total expenses and disbursements | $8,124,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,691,682 |
| 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 | $13,432,971 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $1,381,355 |
| Investments—mortgage loans | $0 |
| Investments—other | $12,982,466 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $21,009 |
| Total assets | $111,559,435 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $924,237 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $924,237 |
Grants Awarded
Over the last fiscal year, Bernard A Egan Foundation Inc has awarded $7,270,675 in support to 168 organizations.
| Grant Recipient | Amount |
|---|---|
A E BEAN BACKUS MUSEUM AND GALLERY PURPOSE: EDUCATION | $5,000 |
ADORER MISSIONARY SISTERS OF THE POOR PURPOSE: GENERAL SUPPORT; TANZANIA ORPHANAGE OPERATIONS AND EDUCATION, CHAPEL | $155,000 |
A CARING CENTER FOR WOMEN PURPOSE: GENERAL SUPPORT | $26,500 |
ALZHEIMERS AND PARKINSON ASSOC OF INDIAN RIVER CO PURPOSE: CAREGIVER FUNDING; PARKINSON'S DISEASE | $10,000 |
ALZHEIMERS COMMUNITY CARE PURPOSE: GENERAL SUPPORT | $10,000 |
AMERICAN CANCER SOCIETY PURPOSE: EVENT SUPPORT | $15,000 |