Foundation 214 Inc
- Assets
- $33.2m
- Revenue
- $1.1m
- Investments
- $33.2m
- Employees
- 0
- Location
- Amherst, NY
- Founding
- Data as of
- 12/2021
- EIN
- 84-1943354
Organization Overview
Foundation 214 Inc is located in Amherst, NY. 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. Foundation 214 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 12/2021, Foundation 214 Inc generated $1.1m in total revenue. All expenses for the organization totaled $1.8m during the year ending 12/2021.
Since 2020, Foundation 214 Inc has awarded 98 individual grants totaling $3,543,074. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR VARIOUS CHARITABLE NOT-FOR-PROFIT ORGANIZATIONS, INCLUDING, BUT NOT LIMITED TO, ORGANIZATIONS THAT PROVIDE BENEFITS AND ASSISTANCE FOR VETERANS OF THE ARMED SERVICES, ORGANIZATIONS THAT ARE INVOLVED IN THE HEALTH CARE FIELD, ORGANIZATIONS THAT ADDRESS ISSUES AFFECTING CHILDREN, AND ORGANIZATIONS THAT PROMOTE EDUCATION.
SUPPORT FOR VARIOUS CHARITABLE NOT-FOR-PROFIT ORGANIZATIONS, INCLUDING, BUT NOT LIMITED TO, ORGANIZATIONS THAT PROVIDE BENEFITS AND ASSISTANCE FOR VETERANS OF THE ARMED SERVICES, ORGANIZATIONS THAT ARE INVOLVED IN THE HEALTH CARE FIELD, ORGANIZATIONS THAT ADDRESS ISSUES AFFECTING CHILDREN, AND ORGANIZATIONS THAT PROMOTE EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sal Alfiero Chairperson Emeritus | 2 | $20,000 | |
Jeanne Alfiero Trustee | 2 | $20,000 | |
Gerald Lippes Trustee | 2 | $20,000 | |
Chris Alfiero Executive Director | 2 | $20,000 | |
Frederic L Cook CPA Trustee | 2 | $20,000 | |
Grace Huff Chief Financial Officer | 2 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $317,470 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $793,035 |
| Capital Gain Net Income | $793,035 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,272 |
| Total Revenue | $1,112,777 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,000 |
| Other employee salaries and wages | $183,462 |
| Pension plans, employee benefits | $0 |
| Interest | $2,328 |
| Taxes | $15,956 |
| Depreciation | $0 |
| Occupancy | $21,279 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $48,215 |
| Total operating and administrative expenses | $435,131 |
| Contributions, gifts, grants paid | $1,408,537 |
| Total expenses and disbursements | $1,843,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,020 |
| 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 | $7,025 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $33,180,793 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $8,596 |
| Total assets | $33,239,409 |
| Accounts payable and accrued expenses | $10,845 |
| Grants payable | $101,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $7,521 |
| Total liabilities | $119,366 |
Grants Awarded
Over the last fiscal year, Foundation 214 Inc has awarded $2,877,074 in support to 88 organizations.
| Grant Recipient | Amount |
|---|---|
ALBRIGHT KNOX PURPOSE: CHARITABLE | $125,000 |
ALBRIGHT KNOX PURPOSE: CHARITABLE | $125,000 |
BUFFALO CITY MISSION PURPOSE: CHARITABLE | $121,337 |
BUFFALO CITY MISSION PURPOSE: CHARITABLE | $121,337 |
Naples, FL PURPOSE: CHARITABLE | $100,000 |
Ketchum, ID PURPOSE: CHARITABLE | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
High Meadows Foundation Boston, MA | $7,499,132 | $11,021,494 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Synchrony Foundation Stamford, CT | $74,474,766 | $12,637,293 |
Gavin Foundation Inc South Boston, MA | $19,688,054 | $21,343,242 |
Jp Fletcher Foundation Inc Cambridge, MA | $29,829,221 | -$3,521,275 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |