1848 Foundation
- Assets
- $8.5m
- Revenue
- $342.5k
- Investments
- $8.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1987
- Data as of
- 03/2023
- EIN
- 06-6302129
Organization Overview
1848 Foundation is located in New York, NY. The organization was established in 1987. 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. 1848 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 03/2023, 1848 Foundation generated $342.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $510.1k during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, 1848 Foundation has awarded 110 individual grants totaling $1,960,285. 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 |
|---|---|---|---|
Alan I Ritter President | 2 | $0 | |
Becky Hubbert Treasurer | 1 | $0 | |
Eileen S Silverstein Secretary | 1 | $0 | |
Jonathan Ritter Vice-President | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cbiz Marks Paneth Llc | 3/30/23 | $78,925 |
Ubs Financial Services Inc | 3/30/23 | $57,321 |
Cbiz Marks Paneth Llc | 3/30/23 | $64,575 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $180,057 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $162,412 |
| Capital Gain Net Income | $162,412 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $342,469 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $215,821 |
| Contributions, gifts, grants paid | $294,250 |
| Total expenses and disbursements | $510,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $198,603 |
| 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 | $0 |
| Total assets | $8,543,865 |
| 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, 1848 Foundation has awarded $294,250 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU FOUNDATION PURPOSE: TO FURTHER DONEE'S CHARITABLE PURPOSE | $25,000 |
BREAD AND PUPPET THEATER PURPOSE: TO FURTHER DONEE'S CHARITABLE PURPOSE | $3,000 |
BTHS PA PURPOSE: TO FURTHER DONEE'S CHARITABLE PURPOSE | $3,000 |
CENTER FOR CHILDREN'S ADVOCACY PURPOSE: TO FURTHER DONEE'S CHARITABLE PURPOSE | $50,000 |
CENTER FOR CONSTITUTIONAL RIGHTS PURPOSE: TO FURTHER DONEE'S CHARITABLE PURPOSE | $50,000 |
CENTRAL AMERICA LEGAL ASSISTANCE PURPOSE: TO FURTHER DONEE'S CHARITABLE PURPOSE | $25,000 |