Northrup Educational Foundation Inc
- Assets
- $417.5k
- Revenue
- $14.4k
- Investments
- $293.0k
- Employees
- 0
- Location
- Watkins Glen, NY
- Founding
- 11/1958
- Data as of
- 08/2023
- EIN
- 15-6020359
Organization Overview
Northrup Educational Foundation Inc is located in Watkins Glen, NY. The organization was established in 1958. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northrup Educational 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 08/2023, Northrup Educational Foundation Inc generated $14.4k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $16.0k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Loughlin President | 0.1 | $0 | |
Kenneth Wilson Vice Pres. | 0.1 | $0 | |
Diana Crane Tres./sec. | 10 | $5,918 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $454 |
| Dividends & Interest | $7,036 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $5,184 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $5,184 |
| Other Income | $1,730 |
| Total Revenue | $14,404 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,918 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $846 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $890 |
| Total operating and administrative expenses | $12,532 |
| Contributions, gifts, grants paid | $3,500 |
| Total expenses and disbursements | $16,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,323 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $119,176 |
| 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 | $0 |
| Total assets | $417,512 |
| 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, Northrup Educational Foundation Inc has awarded $3,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
HAN SHUN LIU PURPOSE: SCHOLARSHIP | $1,000 |
BENJAMIN CAMPBELL PURPOSE: SCHOLARSHIP | $500 |
MICHELE ROSNO PURPOSE: SCHOLARSHIP | $500 |
KATRINA RICCA PURPOSE: SCHOLARSIP | $500 |
VICTORIA BREWSTER PURPOSE: SCHOLARSHIP | $1,000 |