Bruce G Geary Foundation
- Assets
- $20.7m
- Revenue
- $1.5m
- Investments
- $19.6m
- Employees
- 0
- Location
- Staten Island, NY
- Founding
- 03/2007
- Data as of
- 12/2023
- EIN
- 20-8075415
Organization Overview
Bruce G Geary Foundation is located in Staten Island, NY. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Bruce G Geary 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 12/2023, Bruce G Geary Foundation generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Bruce G Geary Foundation has awarded 670 individual grants totaling $13,519,686. 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 |
|---|---|---|---|
Raymond J Pezzoli President | 30 | $100,000 | |
John Kosinski Director | 15 | $80,000 | |
Matthew Smith Secretary/tr | 30 | $100,000 | |
Cathy Carlson Vice Preside | 20 | $100,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $62,530 |
| Dividends & Interest | $398,515 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,083,580 |
| Capital Gain Net Income | $1,083,580 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $454 |
| Total Revenue | $1,545,079 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $380,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,326 |
| Taxes | $1,013 |
| Depreciation | $0 |
| Occupancy | $7,300 |
| Travel, conferences, and meetings | $6,881 |
| Printing and publications | $0 |
| Other expenses | $3,549 |
| Total operating and administrative expenses | $787,132 |
| Contributions, gifts, grants paid | $1,202,500 |
| Total expenses and disbursements | $1,989,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,177,066 |
| 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 | $19,556,800 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,733,866 |
| 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, Bruce G Geary Foundation has awarded $1,202,500 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICA'S VETDOGS THE VETERAN'S K-9 PURPOSE: CARE AND SUPPORT OF HOMELESS ANIMALS | $10,000 |
ANIMAL MEDICAL CENTER PURPOSE: CARE AND SUPPORT OF HOMELESS ANIMALS | $20,000 |
ANIMAL RESCUE AID PURPOSE: CARE AND SUPPORT OF HOMELESS ANIMALS | $7,500 |
ATLANTIC WHITE SHARK CONSERVANCY PURPOSE: CARE AND SUPPORT OF HOMELESS ANIMALS | $25,000 |
CANINE COMPANION FOR INDEPENDENCE PURPOSE: CARE AND SUPPORT OF HOMELESS ANIMALS | $10,000 |
BIDE-A-WEE PURPOSE: CARE AND SUPPORT OF HOMELESS ANIMALS | $30,000 |