The Rehabilitation Foundation Inc
- Assets
- $6.6m
- Revenue
- $408.9k
- Investments
- $5.7m
- Employees
- 0
- Location
- Olean, NY
- Founding
- 08/1993
- Data as of
- 12/2021
- EIN
- 16-1433024
Organization Overview
The Rehabilitation Foundation Inc is located in Olean, 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. Rehabilitation 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 12/2021, Rehabilitation Foundation Inc generated $408.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $143.0k during the year ending 12/2021. While expenses have increased by 0.1% 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
THE FOUNDATION IS AN ORGANIZATION THAT ASSISTS LOCAL NOT-FOR-PROFITS WITH BUILDING BRIGHTER FUTURES FOR PEOPLE WITH DISABILITIES BY SOLICITING CONTRIBUTIONS AND DONATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SOLICITS CONTRIBUTIONS AND DONATIONS FROM THE PUBLIC TO FURTHER THE CHARITABLE AND EDUCATIONAL PURPOSES OF NOT-FOR-PROFIT ORGANIZATIONS WHO SERVE THE DISABLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Derose Chairperson | OfficerTrustee | 1 | $0 |
Mari Howard President & CEO | OfficerTrustee | 1 | $0 |
Kyle Henzel Vice Chairperson | OfficerTrustee | 1 | $0 |
Nick Lyons Secretary/treasurer | OfficerTrustee | 1 | $0 |
Sean O'connell Board Member | Trustee | 1 | $0 |
Robert Forness Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,020 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $213,775 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $229,795 |
| Total Program Service Revenue | $0 |
| Investment income | $182,875 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$20,661 |
| Net Income from Gaming Activities | $16,900 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $408,909 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,533 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $60,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,559 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $82 |
| Information technology | $12,140 |
| 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 | $0 |
| Total functional expenses | $143,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $821,206 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $16,035 |
| 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 | $0 |
| Investments—other securities | $5,712,198 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,606 |
| Total assets | $6,554,045 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $2,700 |
| 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 | $504,943 |
| Total liabilities | $507,643 |
| Net assets without donor restrictions | $5,402,922 |
| Net assets with donor restrictions | $643,480 |
| 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 | $6,554,045 |
Grants Awarded
Over the last fiscal year, The Rehabilitation Foundation Inc has awarded $8,569 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Olean, NY PURPOSE: TO PROVIDE ADDITIONAL FUNDING FOR PROGRAMS AND SPECIAL ACTIVITIES THAT BENEFIT DISABLED INDIVIDUALS. | $7,639 |
Olean, NY PURPOSE: TO PROVIDE ADDITIONAL FUNDING FOR PROGRAMS AND SPECIAL ACTIVITIES THAT BENEFIT DISABLED INDIVIDUALS. | $930 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Rehabilitation Foundation Inc has recieved totaling $11,157.
| Awarding Organization | Amount |
|---|---|
Greater Olean Community Foundation Olean, NY PURPOSE: GENERAL SUPPORT | $11,049 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $108 |
Endowment Analysis
| Beg. Balance | $94,050 |
| Net Contributions | $2,426 |
| Ending Balance | $96,476 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |