Carl E Touhey Foundation
- Assets
- $39.2m
- Revenue
- $3.7m
- Investments
- $26.8m
- Employees
- 0
- Location
- Albany, NY
- Founding
- 02/1990
- Data as of
- 12/2022
- EIN
- 22-3016226
Organization Overview
Carl E Touhey Foundation is located in Albany, NY. The organization was established in 1990. 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. Carl E Touhey 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, Carl E Touhey Foundation generated $3.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $7.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Carl E Touhey Foundation has awarded 253 individual grants totaling $18,941,561. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ONLY DIRECT CHARITABLE ASSET IS A HISTORIC DUTCH BARN. THE FOUNDATION USES THE BARN AS A MUSEUM. IT IS NOT HELD FOR THE PRODUCTION OF INCOME OR FOR INVESTMENT. THE DUTCH BARN WAS SOLD IN 2020.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles L Touhey Director, President | 27 | $59,943 | |
Virginia E Touhey Director, Secretary/treasu | 1 | $0 | |
Lila M Touhey Director | 1 | $0 | |
John J Touhey Director, Vice President | 1 | $0 | |
John J Nigro Director | 1 | $0 | |
F Michael Tucker ESQ Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $89,910 |
| Interest on Savings | $31 |
| Dividends & Interest | $676,459 |
| Net Rental Income | -$101,350 |
| Net Gain on Sale of Assets | $1,050,381 |
| Capital Gain Net Income | $1,050,381 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $43,704 |
| Total Revenue | $3,703,426 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $59,943 |
| Other employee salaries and wages | $217,610 |
| Pension plans, employee benefits | $44,636 |
| Interest | $162 |
| Taxes | $520,631 |
| Depreciation | $307,804 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,136,268 |
| Total operating and administrative expenses | $2,341,719 |
| Contributions, gifts, grants paid | $5,143,403 |
| Total expenses and disbursements | $7,485,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,300,069 |
| Net Accounts receivable | $161,106 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $70,442 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $228,709 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $469,182 |
| Net Land, buildings, and equipment | $10,707,011 |
| Other assets | $2,365 |
| Total assets | $39,237,050 |
| Accounts payable and accrued expenses | $16,807 |
| 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 | $114,814 |
| Total liabilities | $131,621 |
Grants Awarded
Over the last fiscal year, Carl E Touhey Foundation has awarded $5,143,403 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
15 LOVE PURPOSE: TO REACH OUT IN A LOVING, CARING WAY TO YOUTH OF THE CAPITAL REGION, USING TENNIS AS THE MEDIUM, ESPECIALLY THOSE IN THE INNER CITIES | $5,000 |
4TH FAMILY INC PURPOSE: HOSTS TEEN/COMMUNITY EVENTS, MENTOR PROGRAMS, PERSONAL DEVELOPMENT PROGRAMS, EDUCATIONAL PROGRAMMING, WELLNESS & HEALTH PROGRAMS, ANNUAL SPORTS LEAGUES & TOURNAMENTS, AS WELL AS EDUCATIONAL TRIPS. ENGAGED WITH ALL COMMUNITIES IN THE CAPITAL DISTRICT, STARTING IN THE HIGH SCHOOLS. GOALS ARE TO MOTIVATE, ENCOURAGE AND UPLIFT THE COMMUNITY. TARGETS AT-RISK YOUTH AND ADULTS AND PROVIDING THEM WITH AN ARRAY OF UNIQUE PERSONAL DEVELOPMENT OPPORTUNITIES. | $250,000 |
ALBANY INSTITUTE OF HISTORY & ART PURPOSE: TO IMPROVE THE CULTURAL EDUCATION OF THE COMMUNITY AND SUPPORT THE MISSION TO PROTECT, PRESERVE, INTERPRET AND PROMOTE HISTORY, ART AND CULTURE OF THE CAPITAL REGION | $100,000 |
ALBANY MEDICAL CENTER PURPOSE: TO SUPPORT THE BUILDING OF THE PATIENT PAVILION | $500,000 |
BOYS & GIRLS CLUB OF THE CAPITAL AREA PURPOSE: TO INSPIRE AND ENABLE ALL YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED US MOST, TO REALIZE THEIR FULL POTENTIAL TO BECOME PRODUCTIVE, CARING, RESPONSIBLE CITIZENS. | $79,272 |
BUILDING BLOCKS TOGETHER PURPOSE: TO ASSIST PEOPLE PURCHASE HOMES IN THE CAPITAL REGION | $916,667 |