Childrens Foundation Of Erie County Inc
- Assets
- $3.7m
- Revenue
- $806.5k
- Investments
- $2.8m
- Employees
- 0
- Location
- Kenmore, NY
- Founding
- 04/1952
- Data as of
- 12/2021
- EIN
- 16-6000171
Organization Overview
Childrens Foundation Of Erie County Inc is located in Kenmore, NY. The organization was established in 1952. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Childrens Foundation Of Erie County 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, Childrens Foundation Of Erie County Inc generated $806.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 38.6% each year . All expenses for the organization totaled $351.5k during the year ending 12/2021. While expenses have increased by 4.7% per year over the past 5 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 2018, Childrens Foundation Of Erie County Inc has awarded 259 individual grants totaling $1,210,900. 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 |
|---|---|---|---|
Anne Denman Foundation Administrator | 5 | $11,600 | |
Elizabeth Mitchell President | 1 | $0 | |
Elizabeth S Gurney Vice President | 1 | $0 | |
W Lawrence Buck Treasurer | 1 | $0 | |
David Edmunds ESQ Trustee | 1 | $0 | |
Rosa Gonzalez PHD Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $90 |
| Dividends & Interest | $117,159 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $689,223 |
| Capital Gain Net Income | $689,223 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $806,472 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,563 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,517 |
| Total operating and administrative expenses | $21,505 |
| Contributions, gifts, grants paid | $330,000 |
| Total expenses and disbursements | $351,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $919,400 |
| 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 | $2,773,131 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,692,531 |
| 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, Childrens Foundation Of Erie County Inc has awarded $330,000 in support to 73 organizations.
| Grant Recipient | Amount |
|---|---|
BUFFALO CENTER FOR ART & TECHNOLOGY PURPOSE: YOUTH ART PROGRAM | $10,000 |
Buffalo, NY PURPOSE: PREP PROGRAMS | $10,000 |
GERARD PLACE PURPOSE: NEDP | $10,000 |
SALVATION ARMY PURPOSE: SUMMER DAY CAMP | $10,000 |
SAY YES PURPOSE: SUMMER CAMP INITIATIVE | $10,000 |
Buffalo, NY PURPOSE: ONLINE SCHOOLING | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For Public Schools Inc New York, NY | $69,123,846 | $27,701,638 |
National Collegiate Inventors & Innovators Alliance Hadley, MA | $19,763,432 | $45,805,073 |
Ernst & Young Foundation New York, NY | $39,971,970 | $27,635,064 |
Kipp New York Inc New York, NY | $134,718,837 | $36,118,873 |
Nellie Mae Education Foundation Inc Quincy, MA | $585,493,964 | $94,584,276 |
Say Yes Buffalo Scholarship Inc Buffalo, NY | $26,879,466 | $14,014,941 |
The Heckscher Foundation For Children New York, NY | $236,760,119 | $11,760,357 |
United Federation Of Teachers Educational Foundation Inc New York, NY | $18,651,586 | $11,866,585 |
Vista Foundation Hershey, PA | $12,658,681 | $12,905,128 |
Caroline & Joseph S Gruss Life Monument Funds Inc New York, NY | $48,124,527 | $2,679,769 |
Storehouse For Teachers Pittsburgh, PA | $4,365,823 | $11,202,988 |
Five Colleges Incorporated Amherst, MA | $34,378,872 | $10,361,692 |