Community Foundation Of Oyster Bay Inc
- Assets
- $7.3m
- Revenue
- $439.6k
- Investments
- $6.8m
- Employees
- 0
- Location
- Oyster Bay, NY
- Founding
- 04/1982
- Data as of
- 12/2023
- EIN
- 11-2590825
Organization Overview
Community Foundation Of Oyster Bay Inc is located in Oyster Bay, NY. The organization was established in 1982. According to its NTEE Classification (T31) the organization is classified as: Community 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. Community Foundation Of Oyster Bay 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, Community Foundation Of Oyster Bay Inc generated $439.6k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $609.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Community Foundation Of Oyster Bay Inc has awarded 59 individual grants totaling $4,261,048. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT WORTHY COMMUNITY AND CHARITABLE ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH & FAMILY COUNSELING- TO MAKE UP BUDGET DEFICITS AND TO SUPPORT PARENT CHILD PROGRAM, BULLOCK HORIZONS PROGRAM AND BUILD A BETTER OYSTER BAY PROGRAM.
LIFE ENRICHMENT CENTER-PEOPLE'S PANTRY $42,000HARMONY HEIGHTS-$10,000THE WATERFRONT CENTER TO SUPPORT CHILDREN'S PROGRAMS-$10,000COMMUNITY SOCIAL ACTION COMMITTEE-$3,000BULLOCK SCHOLARSHIP-$2,000
LIFE ENRICHMENT CENTER- TO PROVIDE VITAL SERVICES AND SOCIAL ACVITITIES FOR SENIORS IN OYSTER BAY.
BOYS AND GILRS CLUB OF EAST NORWICH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia Deming Vaughn President | Trustee | 2 | $0 |
Fern Senior Vice President | OfficerTrustee | 2 | $0 |
Megan Urdea Vice President | OfficerTrustee | 2 | $0 |
Cathy Hogg Secretary | OfficerTrustee | 2 | $0 |
Jeffrey Prey Assistant Treasurer | OfficerTrustee | 1 | $0 |
Edward C Mohlenhoff Trustee | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $357,514 |
| Noncash contributions included in lines 1a–1f | $1,945 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $362,514 |
| Total Program Service Revenue | $0 |
| Investment income | $203,629 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$125,797 |
| Net Income from Fundraising Events | -$772 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $439,574 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $463,674 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $275 |
| Advertising and promotion | $0 |
| Office expenses | $43,127 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,252 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $511 |
| Total functional expenses | $609,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,641 |
| Savings and temporary cash investments | $77,587 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $256,092 |
| Investments—other securities | $6,833,428 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,267,748 |
| Accounts payable and accrued expenses | $10,275 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,275 |
| Net assets without donor restrictions | $7,257,473 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,267,748 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Oyster Bay Inc has awarded $458,674 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
LIFE ENRICHMENT CENTER PURPOSE: TO UNDERWRITE TRANSPORTATION COSTS FOR SENIORS. | $85,000 |
PEOPLES PANTRY PURPOSE: TO SUPPORT OYSTER BAY MAIN STREET ASSOCIATION. | $42,000 |
YOUTH & FAMILY COUNSELING PURPOSE: TO MAKE UP BUDGET DEFICITS, SUPPORT PARENT CHILD HOME & BUILD A BETTER OYSTER BAY PROGRAMS. | $251,674 |
WATERFRONT CENTER PURPOSE: TO SUPPORT CHILDREN'S PROGRAMS | $10,000 |
HARMONY HEIGHTS SCHOOL PURPOSE: TO SUPPORT CHILDREN'S PROGRAMS | $10,000 |
BOYS & GIRLS OF E NORWICH PURPOSE: TO SUPPORT CHILDREN'S PROGRAMS | $60,000 |