New Era Cap Foundation
- Assets
- $18.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 08/2016
- Data as of
- 12/2023
- EIN
- 81-1548325
Organization Overview
New Era Cap Foundation is located in Buffalo, NY. The organization was established in 2016. 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. New Era Cap 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 12/2023, New Era Cap Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $2.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, New Era Cap Foundation has awarded 65 individual grants totaling $2,125,450. 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 |
|---|---|---|---|
Christopher Koch President, Director | 1 | $0 | |
Lorrie Turner Director, Secretary | 1 | $0 | |
Kevin Wilson Director, Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,181 |
| Interest on Savings | $378,223 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$194,505 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,289,688 |
| Total Revenue | $1,503,587 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $809 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,094,456 |
| Total operating and administrative expenses | $1,192,870 |
| Contributions, gifts, grants paid | $1,296,950 |
| Total expenses and disbursements | $2,489,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,507,937 |
| 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 | $16,785,623 |
| Total assets | $18,293,560 |
| Accounts payable and accrued expenses | $63,662 |
| 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 | $63,662 |
Grants Awarded
Over the last fiscal year, New Era Cap Foundation has awarded $1,296,950 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
ALL IN CHALLENGE FOUNDATION PURPOSE: UNRESTRICTED | $15,000 |
JACKIE ROBINSON FOUNDATION INC PURPOSE: UNRESTRICTED | $50,000 |
LIDS FOUNDATION PURPOSE: UNRESTRICTED | $25,000 |
PEOPLE INC PURPOSE: UNRESTRICTED | $1,000 |
SUMMIT CENTER INC PURPOSE: UNRESTRICTED | $20,000 |
SPECIAL OLYMPICS NEW YORK INC PURPOSE: UNRESTRICTED | $10,000 |