Fred L Emerson Foundation Inc
- Assets
- $95.5m
- Revenue
- $4.3m
- Investments
- $94.6m
- Employees
- 0
- Location
- Auburn, NY
- Founding
- 03/1943
- Data as of
- 12/2023
- EIN
- 15-6017650
Organization Overview
Fred L Emerson Foundation Inc is located in Auburn, NY. The organization was established in 1943. 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. Fred L Emerson Foundation Inc 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 12/2023, Fred L Emerson Foundation Inc generated $4.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Fred L Emerson Foundation Inc has awarded 780 individual grants totaling $39,103,781. 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 |
|---|---|---|---|
Daniel J Fessenden Executive Director | 40 | $249,033 | |
Kristen E Rubacka President | 8 | $23,400 | |
W Gary Emerson Vice President | 6 | $17,200 | |
Lori E Robinson Treasurer | 4 | $16,500 | |
Heather A Emerson Secretary | 4 | $21,150 | |
Sally E Wagner Director | 2 | $16,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $80,836 |
| Dividends & Interest | $2,305,569 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,693,536 |
| Capital Gain Net Income | $1,675,499 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $260,810 |
| Total Revenue | $4,340,751 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $199,850 |
| Other employee salaries and wages | $304,683 |
| Pension plans, employee benefits | $92,917 |
| Interest | $0 |
| Taxes | $145,174 |
| Depreciation | $25,502 |
| Occupancy | $12,995 |
| Travel, conferences, and meetings | $20,214 |
| Printing and publications | $0 |
| Other expenses | $74,705 |
| Total operating and administrative expenses | $1,171,588 |
| Contributions, gifts, grants paid | $2,396,399 |
| Total expenses and disbursements | $3,567,987 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,523 |
| Savings and temporary cash investments | $468,892 |
| 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 | $14,716,786 |
| Net Land, buildings, and equipment | $356,965 |
| Other assets | $0 |
| Total assets | $95,505,606 |
| 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, Fred L Emerson Foundation Inc has awarded $4,052,399 in support to 99 organizations.
| Grant Recipient | Amount |
|---|---|
ALMANZO AND LAURA INGALLS WILDER ASSOCIATION PURPOSE: TOWARD BUILDING REPAIRS AND MAINTENANCE AT THE WILDER HOMESTEAD | $2,000 |
AUBURN YMCA-WEIU PURPOSE: 2023 MEMBERSHIP & MARKETING PLAN | $75,000 |
ABILIS PURPOSE: LIFE SERVICES | $3,000 |
AUBURN BEAUTIFICATION COMMISSION PURPOSE: AUBURN CONSERVATION CORPS SUMMER TRAINING CAMP | $2,954 |
AURORA FREE LIBRARY PURPOSE: OPERATING SUPPORT | $1,000 |
AUBURN PUBLIC THEATER PURPOSE: STRATEGIC OPERATING SUPPORT | $25,000 |