Miller S And Adelaide S Gaffney Foundation
- Assets
- $3.8m
- Revenue
- $163.5k
- Investments
- $3.8m
- Employees
- 0
- Location
- Elmira, NY
- Founding
- 06/1969
- Data as of
- 12/2022
- EIN
- 16-6101748
Organization Overview
Miller S And Adelaide S Gaffney Foundation is located in Elmira, NY. The organization was established in 1969. 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. Miller S And Adelaide S Gaffney 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 12/2022, Miller S And Adelaide S Gaffney Foundation generated $163.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $436.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Miller S And Adelaide S Gaffney Foundation has awarded 187 individual grants totaling $1,111,335. 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 |
|---|---|---|---|
Philip W Gaffney Chairman | 0 | $0 | |
Lawrence C Anderson Secretary | 0 | $0 | |
David Miller Gaffney Trustee | 0 | $0 | |
Brooke C Redmond Trustee | 0 | $0 | |
Jennifer G Oken Trustee | 0 | $0 | |
Jeffrey T Gaffney Vice Chairman | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17,020 |
| Dividends & Interest | $174,022 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$31,988 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,463 |
| Total Revenue | $163,517 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,539 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $570 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $18,634 |
| Contributions, gifts, grants paid | $417,835 |
| Total expenses and disbursements | $436,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $76,408 |
| 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 | $3,461 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,164,538 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,837,324 |
| 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, Miller S And Adelaide S Gaffney Foundation has awarded $425,835 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
AVRE PURPOSE: GENERAL | $2,000 |
ACHIEVE FOUNDATION PURPOSE: GENERAL | $5,000 |
AMERICAN RED CROSS PURPOSE: GENERAL | $5,000 |
BROOME COMMUNITY COLLEGE FOUNDATION PURPOSE: SCHOLARSHIP FOR RESIDENTS OF BINGHAMTON W/ FINANCIAL NEED | $10,000 |
BROOME COUNTY ARTS COUNCIL INC PURPOSE: GENERAL | $10,000 |
BROOME COUNTY COUNCIL OF CHURCHES INC PURPOSE: CHOW PROGRAM, | $10,000 |