E Clayton And Edith P Gengras Jr Foundation Inc
- Assets
- $2.1m
- Revenue
- $576.7k
- Investments
- $1.2m
- Employees
- 0
- Location
- East Hartford, CT
- Founding
- 04/1988
- Data as of
- 09/2023
- EIN
- 06-1188156
Organization Overview
E Clayton And Edith P Gengras Jr Foundation Inc is located in East Hartford, CT. The organization was established in 1988. 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. E Clayton And Edith P Gengras Jr 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 09/2023, E Clayton And Edith P Gengras Jr Foundation Inc generated $576.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 41.6% each year . All expenses for the organization totaled $228.0k during the year ending 09/2023. While expenses have increased by 9.8% per year over the past 4 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 2020, E Clayton And Edith P Gengras Jr Foundation Inc has awarded 103 individual grants totaling $844,055. 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 |
|---|---|---|---|
Edith P Gengras Pres/director | 1 | $0 | |
E Clayton Gengras Jr Scty/director | 1 | $0 | |
Merrily Moynihan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $520,171 |
| Interest on Savings | $0 |
| Dividends & Interest | $58,498 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,926 |
| Capital Gain Net Income | $17,255 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $576,743 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,785 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $21,761 |
| Contributions, gifts, grants paid | $206,233 |
| Total expenses and disbursements | $227,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,248 |
| Savings and temporary cash investments | $830,167 |
| 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 | $1,230,071 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,067,486 |
| 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, E Clayton And Edith P Gengras Jr Foundation Inc has awarded $206,233 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BABSON COLLEGE PURPOSE: MBA PROGRAM | $2,000 |
BOYS AND GIRLS CLUBS OF HARTFORD PURPOSE: GENERAL SUPPORT | $5,000 |
GIRL SCOUTS OF CONNECTICUT PURPOSE: ANNUAL GIFT | $250 |
HARTFORD PUBLIC LIBRARY PURPOSE: GENERAL SUPPORT | $100 |
HEATHCOTE BOTANICAL GARDEN PURPOSE: GENERAL SUPPORT | $500 |
HIGH 5 ADVENTURE LEARNING CENTER PURPOSE: GENERAL SUPPORT | $100 |