B Thomas Golisano Foundation
- Assets
- $30.5m
- Revenue
- $2.1m
- Investments
- $28.6m
- Employees
- 0
- Location
- Victor, NY
- Founding
- 04/1986
- Data as of
- 10/2023
- EIN
- 22-2692938
Organization Overview
B Thomas Golisano Foundation is located in Victor, NY. The organization was established in 1986. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. B Thomas Golisano 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 10/2023, B Thomas Golisano Foundation generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $4.4m during the year ending 10/2023. While expenses have increased by 10.9% per year over the past 7 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
B Thomas Golisano Trustee | 2 | $0 | |
G Thomas Clark Trustee | 2 | $0 | |
Steven Salluzzo Trustee | 2 | $0 | |
David Still Trustee | 2 | $0 | |
William Destler Trustee | 2 | $0 | |
Charles T Graham Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cnb Wealth Management | 10/30/23 | $123,363 |
Rochester Aviation | 10/30/23 | $207,735 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17,326 |
| Dividends & Interest | $1,550,028 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $572,557 |
| Capital Gain Net Income | $572,557 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,139,911 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $406,574 |
| Pension plans, employee benefits | $0 |
| Interest | $779,604 |
| Taxes | $30,291 |
| Depreciation | $25,313 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $17,982 |
| Printing and publications | $0 |
| Other expenses | $222,152 |
| Total operating and administrative expenses | $1,500,896 |
| Contributions, gifts, grants paid | $2,885,200 |
| Total expenses and disbursements | $4,386,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $859,400 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,001,229 |
| Other assets | $0 |
| Total assets | $30,478,237 |
| 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 | $17,706,764 |
| Total liabilities | $17,706,764 |