Helen Hay Whitney Foundation
- Assets
- $88.4m
- Revenue
- $2.2m
- Investments
- $86.0m
- Employees
- 0
- Location
- New City, NY
- Founding
- 01/1953
- Data as of
- 12/2023
- EIN
- 13-1677403
Organization Overview
Helen Hay Whitney Foundation is located in New City, NY. The organization was established in 1953. 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. Helen Hay Whitney 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 12/2023, Helen Hay Whitney Foundation generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.6%) each year. All expenses for the organization totaled $4.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND FELLOWSHIPS PAID TO 56 RESEARCH FELLOWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Averil Payson Meyer President | 2 | $8,500 | |
Dr Stephen C Harrison Trustee, Vice-Pres | 2 | $20,500 | |
Dr Lisa A Steiner Trustee | 2 | $0 | |
Ms Carla H Skodinski Trustee | 2 | $8,500 | |
Dr Thomas P Sakmar Trustee | 2 | $17,000 | |
Mr Stephen C Sherrill Trustee, Treasurer | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wilkinson Global Asset Management | 12/30/23 | $135,573 |
Jw Bristol Investment Management | 12/30/23 | $54,534 |
Silvercrest Asset Management | 12/30/23 | $162,288 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $581,767 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,690,607 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$59,259 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,213,115 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $276,713 |
| Other employee salaries and wages | $8,770 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $144,429 |
| Depreciation | $1,533 |
| Occupancy | $21,578 |
| Travel, conferences, and meetings | $455 |
| Printing and publications | $0 |
| Other expenses | $216,233 |
| Total operating and administrative expenses | $1,078,656 |
| Contributions, gifts, grants paid | $3,846,561 |
| Total expenses and disbursements | $4,925,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $2,229,047 |
| 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 | $12,011,517 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $213,889 |
| Total assets | $88,440,048 |
| Accounts payable and accrued expenses | $60,039 |
| Grants payable | $1,097,332 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $516,690 |
| Total liabilities | $1,674,061 |