Greater Norwich Foundation
- Assets
- $6.2m
- Revenue
- $695.8k
- Investments
- $6.0m
- Employees
- 0
- Location
- Norwich, NY
- Founding
- 03/1967
- Data as of
- 03/2021
- EIN
- 16-6064927
Organization Overview
Greater Norwich Foundation is located in Norwich, NY. The organization was established in 1967. 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.
For the year ending 03/2021, Greater Norwich Foundation generated $695.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $543.2k during the year ending 03/2021. While expenses have increased by 3.9% 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 2016, Greater Norwich Foundation has awarded 252 individual grants totaling $2,234,118. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nbt Bank Na Trustee | 1 | $39,522 | |
James I Dunne Cotrustee - Chairman | 1 | $0 | |
Patrick Flanagan Cotrustee | 1 | $0 | |
Peter V Smith Cotrustee | 1 | $0 | |
Jane E Eaton Cotrustee | 1 | $0 | |
Frederic B Miers Cotrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $36,036 |
| Interest on Savings | $0 |
| Dividends & Interest | $252,306 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $407,485 |
| Capital Gain Net Income | $407,485 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $695,827 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $39,522 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,290 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $310 |
| Total operating and administrative expenses | $47,622 |
| Contributions, gifts, grants paid | $495,534 |
| Total expenses and disbursements | $543,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $212,520 |
| 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 | $5,983,553 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,196,073 |
| 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, Greater Norwich Foundation has awarded $495,534 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
Norwich, NY PURPOSE: GENERAL OPERATING SUPPORT | $110,000 |
Norwich, NY PURPOSE: HEATING AND AIR | $50,000 |
NORWICH VOL FIREMAN'S ASSOC INC PURPOSE: GENERAL OPERATING SUPPORT | $32,287 |
Norwich, NY PURPOSE: GENERAL OPERATING | $28,333 |
Norwich, NY PURPOSE: GENERAL SUPPORT | $20,000 |
ASSOCIATED TRAINING SERVICES PURPOSE: SCHOLARSHIP | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Greater Norwich Foundation has recieved totaling $4,500.
| Awarding Organization | Amount |
|---|---|
Jane And William Curran Foundation Inc Hamden, CT PURPOSE: COMMUNITY FOUNDATION | $2,500 |
Thomas M & Esther C Flanagan Charitable Foundation Norwich, NY PURPOSE: GENERAL | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Klarman Family Foundation Boston, MA | $688,091,719 | $95,381,386 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,301,695,078 | $41,033,339 |
Zoom Foundation Greenwich, CT | $0 | $173,014,876 |
The Morningside Foundation Newton Centre, MA | $36,165,780 | $65,263,834 |
Fidelity Foundation Boston, MA | $1,395,251,709 | $290,379,423 |
Big East Conference Inc New York, NY | $20,673,347 | $58,700,234 |
Peter G Peterson Foundation New York, NY | $0 | $10,858,758 |
Prudential Foundation Inc Newark, NJ | $0 | $15,805,071 |
Cohen Veterans Network Inc Stamford, CT | $24,139,054 | $38,938,718 |
David Tepper Charitable Foundation Inc Livingston, NJ | $603,593,894 | $11,057,620 |
Highland Street Connection Newton, MA | $73,686,005 | $7,213,732 |
Bristol-Myers Squibb Foundation Inc New York, NY | $116,747,456 | $59,283,545 |