The James Gordon Bennett Memorial Corp
- Assets
- $7.7m
- Revenue
- $113.3k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 12/2022
- EIN
- 13-6150414
Organization Overview
The James Gordon Bennett Memorial Corp is located in New York, NY. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. James Gordon Bennett Memorial Corp 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, James Gordon Bennett Memorial Corp generated $113.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $449.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, James Gordon Bennett Memorial Corp has awarded 14 individual grants totaling $816,306. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO INDIVIDUALS THAT QUALIFY UNDER THE CORPORATION'S CHARTER THE CORPORATION GRANTS TUITION AID.
THE FOUNDATION PROVIDES PECUNIARY AID TO INDIVIDUALS THAT QUALIFY UNDER THE CHARTER OF THE CORPORATION BASED ON FINANCIAL NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Racano Chairman | 3 | $0 | |
Carolyn Lee Presiden | 3 | $0 | |
Pamela Gubitosi Secretary & Treasurer | 3 | $0 | |
Joel Levin Legal Counsel | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $113,337 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $113,337 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,548 |
| Total operating and administrative expenses | $28,548 |
| Contributions, gifts, grants paid | $420,820 |
| Total expenses and disbursements | $449,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $7,727,494 |
| Total assets | $7,727,494 |
| 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, The James Gordon Bennett Memorial Corp has awarded $420,820 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PECUNIARY AID RECIPIENTS PURPOSE: PECUNIARY AID | $140,590 |
TUITION AID PURPOSE: NEED BASED TUITION AID | $280,230 |