Louis E And Frances Beatty Charitable Foundation
- Assets
- $1.0m
- Revenue
- $71.9k
- Investments
- $979.6k
- Employees
- 0
- Location
- Norwich, NY
- Founding
- 01/1994
- Data as of
- 08/2023
- EIN
- 16-1447310
Organization Overview
Louis E And Frances Beatty Charitable Foundation is located in Norwich, NY. The organization was established in 1994. 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. Louis E And Frances Beatty Charitable 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 08/2023, Louis E And Frances Beatty Charitable Foundation generated $71.9k 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 (6.3%) each year. All expenses for the organization totaled $83.6k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Louis E And Frances Beatty Charitable Foundation has awarded 49 individual grants totaling $520,442. 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 |
|---|---|---|---|
Nbt Bank Na Co Trustee | 1 | $10,130 | |
Robert Wadsworth Co Trustee | 1 | $0 | |
John Wheeler Co Trustee | 1 | $0 | |
Brian Burton Co Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $34,826 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,977 |
| Capital Gain Net Income | $32,977 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,117 |
| Total Revenue | $71,920 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,130 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $814 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $11,924 |
| Contributions, gifts, grants paid | $71,689 |
| Total expenses and disbursements | $83,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,268 |
| 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 | $767,669 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $46,055 |
| Total assets | $1,039,945 |
| 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, Louis E And Frances Beatty Charitable Foundation has awarded $71,689 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
NEW BERLIN EMERGENCY SQUAD PURPOSE: GENERAL SERVICES BENEFIT | $7,169 |
MASONIC MEDICAL RESEARCH LABORATORY PURPOSE: UNRESTRICTED CHARITABLE | $14,338 |
NEW BERLIN LIBRARY ASSOCIATION PURPOSE: UNRESTRICTED CHARITABLE | $14,338 |
NEW BERLIN FIRE DEPARTMENT PURPOSE: UNRESTRICTED CHARITABLE | $7,169 |
PHOEBUS LODGE #82 FAM PURPOSE: CHARITABLE PURPOSES | $14,337 |
SHRINERS HOSPITAL FOR CHILDREN PURPOSE: UNRESTRICTED CHARITABLE | $14,338 |