The Stony Point Foundation
- Assets
- $13.4m
- Revenue
- $785.0k
- Investments
- $2.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1995
- Data as of
- 01/2024
- EIN
- 13-3766973
Organization Overview
The Stony Point Foundation is located in New York, NY. The organization was established in 1995. According to its NTEE Classification (T30) the organization is classified as: Public 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. Stony Point 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 01/2024, Stony Point Foundation generated $785.0k 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 (7.5%) each year. All expenses for the organization totaled $1.3m during the year ending 01/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Stony Point Foundation has awarded 401 individual grants totaling $4,125,520. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECTCHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT OTHER ORGANIZATIONS EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John O Downing Treasurer | 1 | $0 | |
Frances Vs Downing President | 30 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $106,802 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $688,552 |
| Capital Gain Net Income | $688,552 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$10,377 |
| Total Revenue | $784,977 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $21,259 |
| Taxes | $48,595 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $131,875 |
| Total operating and administrative expenses | $287,879 |
| Contributions, gifts, grants paid | $1,018,672 |
| Total expenses and disbursements | $1,306,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,218 |
| Savings and temporary cash investments | $33,444 |
| 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 | $10,933,496 |
| Total assets | $13,353,641 |
| 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 | $224,000 |
| Total liabilities | $224,000 |
Grants Awarded
Over the last fiscal year, The Stony Point Foundation has awarded $885,758 in support to 79 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR AN AGRICULTURAL ECONOMY PURPOSE: GENERAL SUPPORT | $15,000 |
CHARLESTON HORTICULTURAL SOCIETY PURPOSE: GENERAL SUPPORT | $3,000 |
AMERICAN COLLEGE OF THE BUILDING ARTS PURPOSE: GENERAL SUPPORT | $5,000 |
CHARLESTON LIBRARY SOCIETY PURPOSE: GENERAL SUPPORT | $6,000 |
CHESAPEAKE BAY FOUNDATION PURPOSE: GENERAL SUPPORT | $7,000 |
CIRCUS SMIRKUS PURPOSE: GENERAL SUPPORT | $1,000 |