Kinney Drugs Foundation Inc
- Assets
- $5.9m
- Revenue
- $1.1m
- Investments
- $5.7m
- Employees
- 0
- Location
- Gouverneur, NY
- Founding
- 04/2002
- Data as of
- 12/2023
- EIN
- 03-0406308
Organization Overview
Kinney Drugs Foundation Inc is located in Gouverneur, NY. The organization was established in 2002. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Kinney Drugs 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 12/2023, Kinney Drugs Foundation Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 1.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kinney Drugs Foundation Inc has awarded 1,321 individual grants totaling $8,237,602. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION GIVES GRANTS TO ORGANIZATIONS THAT ARE DEDICATED TO HELPING IN THE SUPPORT OF QUALITY HEALTH CARE THROUGHOUT CENTRAL AND NORHTERN NEW YORK AND VERMONT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie S Eppolito Foundation Administrator | 40 | $71,583 | |
Dave Mcclure President | 5 | $0 | |
Richard Mcnulty Vice President | 5 | $0 | |
Stephen Mccoy Secretary / Treasurer | 5 | $0 | |
Warren Wolfson Director | 2 | $0 | |
Mark Brackett Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $869,097 |
| Interest on Savings | $0 |
| Dividends & Interest | $136,445 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $44,690 |
| Capital Gain Net Income | $43,171 |
| Net ST Capital Gain | $9,411 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,050,232 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $71,583 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,677 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,185 |
| Printing and publications | $0 |
| Other expenses | $62,178 |
| Total operating and administrative expenses | $138,623 |
| Contributions, gifts, grants paid | $1,025,592 |
| Total expenses and disbursements | $1,164,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,438 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $15,076 |
| 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 | $59,218 |
| Total assets | $5,924,368 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $352,416 |
| 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 | $352,416 |
Grants Awarded
Over the last fiscal year, Kinney Drugs Foundation Inc has awarded $1,192,081 in support to 131 organizations.
| Grant Recipient | Amount |
|---|---|
ACR HEALTH PURPOSE: SPONSORSHIP FOR ZERO PROOF AFFAIR EVENT | $2,500 |
ACCESSCNY PURPOSE: SPONSORSHIP OF GOLF CLASSIC 2023 | $1,000 |
AGE WELL PURPOSE: SPONSORSHIP FOR MARCH FOR MEALS 2023 | $500 |
AIDS COMMUNITY RESOURCES PURPOSE: SPONSORSHIP OF 2023 AIDS WALK/RUN | $3,000 |
ADIRONDACK MEDICAL CENTER PURPOSE: CAPITAL CAMPAIGN/DIAMONDS AND DENIM GALA 2023 | $22,500 |
ALBANY COLLEGE OF PHARMACY PURPOSE: DONATION | $30,000 |