Cobble Hill Foundation Inc
- Assets
- $4.7m
- Revenue
- $118.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Brooklyn, NY
- Founding
- 10/1992
- Data as of
- 12/2023
- EIN
- 11-3122301
Organization Overview
Cobble Hill Foundation Inc is located in Brooklyn, NY. The organization was established in 1992. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Cobble Hill Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cobble Hill 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, Cobble Hill Foundation Inc generated $118.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (18.7%) each year. All expenses for the organization totaled $390.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Cobble Hill Foundation Inc has awarded 22 individual grants totaling $1,146,614. 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 BENEFIT, PROMOTE AND SUPPORT HEALTHCARE AND NON-PROFT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS ESTABLISHED TO SUPPORT HEALTH CARE AND NON-PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Tuchman CEO | Officer | 3.5 | $68,042 |
Neil Schlissel Dir Of Finance | 1.75 | $12,742 | |
David Segelov CFO | Officer | 0.35 | $2,287 |
Thomas Spath Chairman | OfficerTrustee | 0.5 | $0 |
W Rudy Kamuf Board Member | OfficerTrustee | 0.5 | $0 |
Charlie Carames Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,004 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,004 |
| Total Program Service Revenue | $0 |
| Investment income | $114,627 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $118,631 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $211,000 |
| 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. | $76,998 |
| Compensation of current officers, directors, key employees. | $76,998 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,029 |
| Pension plan accruals and contributions | $1,318 |
| Other employee benefits | $6,717 |
| Payroll taxes | $6,749 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,301 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Total functional expenses | $390,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,489 |
| Savings and temporary cash investments | $0 |
| 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 | $4,654,196 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,663,685 |
| Accounts payable and accrued expenses | $5,000 |
| 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 | $1,906,016 |
| Total liabilities | $1,911,016 |
| Net assets without donor restrictions | $2,752,669 |
| 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 | $4,663,685 |
Grants Awarded
Over the last fiscal year, Cobble Hill Foundation Inc has awarded $209,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COBBLE HILL HEALTH CENTER PURPOSE: SUPPORTING OPERATIONS | $194,000 |
BLOOM AGAIN BKLYN PURPOSE: FLOWER DISTRIBUTION TO RESIDENTS | $15,000 |