William And May D Norris Foundation
- Assets
- $147.0k
- Revenue
- $146.6k
- Investments
- $139.8k
- Employees
- 0
- Location
- Monticello, NY
- Founding
- 01/1996
- Data as of
- 12/2022
- EIN
- 14-1777064
Organization Overview
William And May D Norris Foundation is located in Monticello, NY. The organization was established in 1996. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. William And May D Norris 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, William And May D Norris Foundation generated $146.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $153.5k during the year ending 12/2022. While expenses have increased by 6.1% per year over the past 8 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.
Since 2015, William And May D Norris Foundation has awarded 41 individual grants totaling $449,600. 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 |
|---|---|---|---|
Sarah Binder Trustee | 1 | $14,465 | |
Keith Ingber Trustee | 1 | $14,465 | |
Kelly Ketcham Trustee | 1 | $14,465 | |
Kim Culligan Trustee | 1 | $14,465 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10 |
| Dividends & Interest | $9,425 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $137,120 |
| Capital Gain Net Income | $137,120 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $146,555 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $57,860 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,403 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $246 |
| Total operating and administrative expenses | $63,084 |
| Contributions, gifts, grants paid | $90,376 |
| Total expenses and disbursements | $153,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,614 |
| Savings and temporary cash investments | $226 |
| 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 | $5,392 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $147,029 |
| Accounts payable and accrued expenses | $28,930 |
| 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 | $28,930 |
Grants Awarded
Over the last fiscal year, William And May D Norris Foundation has awarded $90,376 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER ASSOC PURPOSE: DONATION | $22,094 |
CARE INC PURPOSE: DONATION | $22,094 |
AMERICAN HEART ASSOCIATIO PURPOSE: DONATION | $22,094 |
ST JOHNS EPI CHURCH PURPOSE: DONATION | $22,094 |
SUNY SULLIVAN PURPOSE: SCHOLARSHIP | $1,000 |
SUNY ALBANY PURPOSE: SCHOLARSHIP | $1,000 |