Book Fifty-Nine Foundation
- Assets
- $772.6k
- Revenue
- $113.7k
- Investments
- $772.1k
- Employees
- 0
- Location
- Clarence, NY
- Founding
- Data as of
- 07/2024
- EIN
- 85-2621038
Organization Overview
Book Fifty-Nine Foundation is located in Clarence, 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. Book Fifty-Nine 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 07/2024, Book Fifty-Nine Foundation generated $113.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (27.1%) each year. All expenses for the organization totaled $41.9k during the year ending 07/2024. You can explore the organizations financials more deeply in the financial statements section below.
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 |
|---|---|---|---|
Jack Willert Trustee | 0.5 | $0 | |
Suzanne Willert Trustee | 0.5 | $0 | |
David Willert Trustee | 0.5 | $0 | |
Ryan Willert Trustee | 0.5 | $0 | |
Jaclyn Willert Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $90,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,907 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,769 |
| Capital Gain Net Income | $5,769 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $113,676 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $137 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $10,856 |
| Contributions, gifts, grants paid | $31,000 |
| Total expenses and disbursements | $41,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $509 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $772,089 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $772,598 |
| 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, Book Fifty-Nine Foundation has awarded $31,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CENTERPOINTE COMMUNITY CHURCH PURPOSE: DONATION | $10,000 |
SANCTUARY OF HOPE PURPOSE: DONATION | $20,000 |
CYSTIC FIBROSIS FOUNDATION PURPOSE: DONATION | $1,000 |