Tolstoy Foundation Inc
- Assets
- $1.6m
- Revenue
- $528.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Valley Cottage, NY
- Founding
- 11/1939
- Data as of
- 12/2021
- EIN
- 13-1661609
Organization Overview
Tolstoy Foundation Inc is located in Valley Cottage, NY. The organization was established in 1939. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Tolstoy Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tolstoy 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 12/2021, Tolstoy Foundation Inc generated $528.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $805.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MAINTAINS A CENTER FOR CULTURAL ACTIVITIES AND AN ADULT RESIDENTIAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTER FOR RUSSIAN CULTURAL ACTIVITIES, RECORDS & ARCHIVES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victoria Wohlsen Executive Direc | Officer | 45 | $66,667 |
Catherine Larin Oph Director | 40 | $42,885 | |
John Catsimatidis Chairman | Trustee | 0 | $0 |
Margo Catsimatidis Director | Trustee | 0 | $0 |
Eugenia Janke Director | Trustee | 0 | $0 |
Andrew Kotchoubey Vice Chairman | Trustee | 0 | $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 | $48,655 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,655 |
| Total Program Service Revenue | $385,065 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,721 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $528,059 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $109,552 |
| Compensation of current officers, directors, key employees. | $21,910 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $99,721 |
| Pension plan accruals and contributions | $83,500 |
| Other employee benefits | $10,650 |
| Payroll taxes | $14,559 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86,724 |
| Advertising and promotion | $0 |
| Office expenses | $500 |
| Information technology | $6,595 |
| Royalties | $0 |
| Occupancy | $231,086 |
| Travel | $211 |
| 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 | $77,782 |
| Insurance | $52,609 |
| All other expenses | $4,083 |
| Total functional expenses | $805,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,548 |
| Savings and temporary cash investments | $1,000,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $101,737 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,559 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $217,699 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,600 |
| Total assets | $1,550,143 |
| Accounts payable and accrued expenses | $70,823 |
| 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 | $217,320 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $288,143 |
| Net assets without donor restrictions | $1,262,000 |
| 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 | $1,550,143 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Croatian Fraternal Union Of America Pittsburgh, PA | $510,702,838 | $49,525,633 |
Chinese American Planning Council Inc New York, NY | $44,040,107 | $50,081,014 |
Asociacion Puertorriquenos En Marcha Inc Philadelphia, PA | $27,252,719 | $29,564,021 |
Brooklyn Chinese-American Association Inc Brooklyn, NY | $16,442,074 | $13,631,534 |
Nationalities Service Center Of Philadelphia Philadelphia, PA | $6,008,905 | $13,342,474 |
Junta De Accion Puertorriquena Inc Puerto Rican Action Board Inc New Brunswick, NJ | $2,505,820 | $11,202,004 |
Lch Health And Community Services Kennett Square, PA | $6,724,367 | $8,909,074 |
Mid-Island Y Jewish Community Center Inc Plainview, NY | $9,808,281 | $10,961,733 |
Puerto Rican Org For Community Educational & Economic Development Elizabeth, NJ | $11,237,037 | $9,797,068 |
Rian Immigrant Center Inc Boston, MA | $3,539,791 | $6,977,812 |
Chinese Christian Herald Crusades Inc Flushing, NY | $34,224,401 | $8,882,723 |
Korean Community Services Of Metropolitan New York Inc Bayside, NY | $13,398,422 | $7,508,888 |