Alvin F & Ruth K Thiem Charitable Foundation Inc
- Assets
- $4.9m
- Revenue
- $399.6k
- Investments
- $4.8m
- Employees
- 0
- Location
- Rochester, NY
- Founding
- 07/1993
- Data as of
- 12/2022
- EIN
- 16-1419723
Organization Overview
Alvin F & Ruth K Thiem Charitable Foundation Inc is located in Rochester, NY. The organization was established in 1993. 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. Alvin F & Ruth K Thiem Charitable 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 12/2022, Alvin F & Ruth K Thiem Charitable Foundation Inc generated $399.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $565.2k during the year ending 12/2022. While expenses have increased by 2.8% 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, Alvin F & Ruth K Thiem Charitable Foundation Inc has awarded 157 individual grants totaling $3,698,925. 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 |
|---|---|---|---|
Richard O'connor ESQ President | 5 | $4,400 | |
Don O' Neill Treasurer | 2 | $0 | |
Joan Klafehn Secretary | 2 | $0 | |
Stephen R Kornienko Board Member | 2 | $0 | |
Barbara Quinn Board Member | 2 | $0 | |
Carol Payment Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,792 |
| Dividends & Interest | $109,523 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $287,247 |
| Capital Gain Net Income | $287,247 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $399,562 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $584 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,965 |
| Total operating and administrative expenses | $9,149 |
| Contributions, gifts, grants paid | $556,025 |
| Total expenses and disbursements | $565,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,969 |
| 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 | $0 |
| Total assets | $4,866,459 |
| 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, Alvin F & Ruth K Thiem Charitable Foundation Inc has awarded $556,025 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
SISTERS OF ST JOSEPH INFIRMARY PURPOSE: UNRESTRICTED GRANT | $6,300 |
ST PAUL'S LUTHERAN SCHOOL PURPOSE: UNRESTRICTED GRANT | $7,875 |
AQUINAS INSTITUTE PURPOSE: UNRESTRICTED GRANT | $8,500 |
HOCHSTEIN MUSIC SCHOOL PURPOSE: UNRESTRICTED GRANT | $7,350 |
HUMANE SOCIETY AT LOLLYPOP FARM PURPOSE: UNRESTRICTED GRANT | $6,000 |
ST JOHN FISHER COLLEGE PURPOSE: SCHOLARSHIPS | $137,250 |