Scone Foundation
- Assets
- $532.8k
- Revenue
- $43.2k
- Investments
- $337.4k
- Employees
- 0
- Location
- Copake, NY
- Founding
- 04/1998
- Data as of
- 12/2022
- EIN
- 11-3427118
Organization Overview
Scone Foundation is located in Copake, NY. The organization was established in 1998. 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. Scone 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 12/2022, Scone Foundation generated $43.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $45.4k during the year ending 12/2022. While expenses have increased by 4.0% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Cohen Director | 0 | $0 | |
Stanley Cohen Director | 2 | $0 | |
Monroe Price Director | 0 | $0 | |
Laura Cohen Director | 0 | $0 | |
Stanley Cohen Director | 2 | $0 | |
Monroe Price Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $18,500 |
| Interest on Savings | $16 |
| Dividends & Interest | $39,325 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$14,633 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,208 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,074 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $19,175 |
| Printing and publications | $0 |
| Other expenses | $1,335 |
| Total operating and administrative expenses | $33,834 |
| Contributions, gifts, grants paid | $11,574 |
| Total expenses and disbursements | $45,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,875 |
| Savings and temporary cash investments | $170,506 |
| 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 | $532,756 |
| 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, Scone Foundation has awarded $19,845 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ROELIFF JANSEN COMMUNITY LIBRARY PURPOSE: TO FURTHER THE FOUNDATIONS CHARITABLE MISSION OF THE ARTS, EDUCATION, AND HELPING THOSE IN NEED. | $150 |
WMHT EDUCATIONAL TELEVISION PURPOSE: TO FURTHER THE FOUNDATIONS CHARITABLE MISSION OF THE ARTS, EDUCATION, AND HELPING THOSE IN NEED. | $246 |
MAC-HAYDN THEATRE PURPOSE: TO FURTHER THE FOUNDATIONS CHARITABLE MISSION OF THE ARTS, EDUCATION, AND HELPING THOSE IN NEED. | $200 |
STUDENT ADVOCACY INC PURPOSE: TO FURTHER THE FOUNDATIONS CHARITABLE MISSION OF THE ARTS, EDUCATION, AND HELPING THOSE IN NEED. | $500 |
WMHT EDUCATIONAL TELEVISION PURPOSE: TO FURTHER THE FOUNDATIONS CHARITABLE MISSION OF THE ARTS, EDUCATION, AND HELPING THOSE IN NEED. | $246 |
THE SYLVIA CENTER PURPOSE: TO FURTHER THE FOUNDATIONS CHARITABLE MISSION OF THE ARTS, EDUCATION, AND HELPING THOSE IN NEED. | $1,000 |