Statler Foundation
- Assets
- $35.7m
- Revenue
- $734.1k
- Investments
- $34.8m
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 04/1942
- Data as of
- 12/2022
- EIN
- 13-1889077
Organization Overview
Statler Foundation is located in Buffalo, NY. The organization was established in 1942. 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. Statler 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, Statler Foundation generated $734.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.1%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Statler Foundation has awarded 91 individual grants totaling $3,484,423. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay C Bauer Trustee | 1 | $19,970 | |
Robert M Bennett Trustee | 2 | $19,970 | |
Marguerite Collesano Trustee | 1 | $19,970 | |
Peter J Fiorella Jr Trustee | 1 | $19,970 | |
Donna M Gioia Trustee | 1 | $19,970 | |
Ernestine R Green Trustee | 1 | $19,970 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $129,766 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $112,593 |
| Capital Gain Net Income | $112,593 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $491,776 |
| Total Revenue | $734,135 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $282,626 |
| Other employee salaries and wages | $82,561 |
| Pension plans, employee benefits | $6,135 |
| Interest | $0 |
| Taxes | $46,750 |
| Depreciation | $0 |
| Occupancy | $14,368 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $62,524 |
| Total operating and administrative expenses | $707,134 |
| Contributions, gifts, grants paid | $1,040,206 |
| Total expenses and disbursements | $1,747,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,726 |
| Savings and temporary cash investments | $716,415 |
| 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 | $34,843,695 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $35,652,836 |
| 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, Statler Foundation has awarded $1,040,206 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
BUFFALO STATE COLLEGE PURPOSE: SCHOLARSHIPS | $33,833 |
ERIE COMMUNITY COLLEGE FOUNDATION PURPOSE: SCHOLARSHIPS | $30,000 |
ERIE COMMUNITY COLLEGE FOUNDATION PURPOSE: SUPPORT | $70,000 |
CORNELL UNIVERSITY PURPOSE: SCHOLARSHIPS | $8,505 |
FLORIDA INTERNATIONAL UNIVERSITY PURPOSE: SCHOLARSHIPS | $7,951 |
INDIANA UNIVERSITY OF PENNSYLVANIA PURPOSE: SCHOLARSHIPS | $26,042 |