Greystone Endowment Inc
- Assets
- $1.6m
- Revenue
- $171.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Hopewell Junction, NY
- Founding
- 11/1989
- Data as of
- 12/2021
- EIN
- 14-1702785
Organization Overview
Greystone Endowment Inc, operating under the name Greystone Foundation, is located in Hopewell Junction, NY. The organization was established in 1989. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Greystone 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 12/2021, Greystone Foundation generated $171.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $210.7k during the year ending 12/2021. While expenses have increased by 16.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO PROVIDE FINANCIAL AND TECHNICAL ASSISTANCE TO GREYSTONE PROGRAMS, INC. AND TO SOLICIT, COLLECT AND OTHERWISE RAISE MONEY ON BEHALF OF GREYSTONE PROGRAMS, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2021 GREYSTONE ENDOWMENT, INC. GRANTED $75,000 TO GREYSTONE PROGRAMS, INC. TO FUND OPERATIONS. THE BALANCE WAS GRANTED TO GREYSTONE PROGRAMS, INC. TO FUND ACTIVITIES (E.G., A BOAT RIDE OR SOME OTHER ACTIVITY) PROVIDED TO DIRECT SUPPORT PROFESSIONALS ("DSP") IN APPRECIATION OF THEIR HARD WORK THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Copeland President | OfficerTrustee | 1 | $0 |
Angelo Angerame Vice President | OfficerTrustee | 1 | $0 |
Brian Marcinkowski Treasurer | OfficerTrustee | 1 | $0 |
Ellen Mallet Secretary | OfficerTrustee | 1 | $0 |
Paul Austin Director | Trustee | 1 | $0 |
David Devito Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $61,266 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,811 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,077 |
| Total Program Service Revenue | $0 |
| Investment income | $2,460 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $46 |
| Net Income from Fundraising Events | $44,820 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $171,403 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $95,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $89,830 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $12,925 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,108 |
| Office expenses | $7,288 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $4,519 |
| Total functional expenses | $210,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220,477 |
| Savings and temporary cash investments | $24,299 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,377,250 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,622,026 |
| Accounts payable and accrued expenses | $1,791 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $198,165 |
| Total liabilities | $199,956 |
| Net assets without donor restrictions | $1,422,070 |
| 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 | $1,622,026 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greystone Endowment Inc has recieved totaling $43,750.
| Awarding Organization | Amount |
|---|---|
Care Design New York Llc Albany, NY PURPOSE: MANAGED CARE READINESS GRANT | $43,750 |
Endowment Analysis
| Beg. Balance | $1,006,042 |
| Earnings | -$4,765 |
| Admin Expense | $56,262 |
| Net Contributions | $88,443 |
| Grants | $17,395 |
| Ending Balance | $1,016,063 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harold Grinspoon Foundation Agawam, MA | $968,665,027 | $58,159,410 |
General Professional Liability Lass Fund Trust Agreement Pittsburgh, PA | $165,577,722 | $37,293,555 |
Jader Trust 4 New York, NY | $1,054,851,689 | $157,383,970 |
Rockefeller Family Fund Inc New York, NY | $156,631,848 | $43,772,368 |
Shapiro-Silverberg Foundation New York, NY | $41,665,129 | $24,069,378 |
Hess Philanthropic Fund New York, NY | $231,447,732 | $32,591,174 |
Edith L Trees Charitable Trust Pittsburgh, PA | $351,552,610 | $23,983,044 |
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Halvorsen Family Foundation Greenwich, CT | $235,306,066 | $4,015,208 |
Adp Foundation Roseland, NJ | $23,560,078 | $20,725,290 |
Lynch Foundation Boston, MA | $176,006,196 | $42,142,694 |