Carl E Touhey Foundation
- Assets
- $47.7m
- Revenue
- $5.2m
- Investments
- $34.9m
- Employees
- 0
- Location
- Albany, NY
- Founding
- 02/1990
- Data as of
- 12/2021
- 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 12/2021, Carl E Touhey Foundation generated $5.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $6.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Carl E Touhey Foundation has awarded 199 individual grants totaling $13,290,908. 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
2021
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul G Glotzbecker Controller | 23 | $62,557 | |
Charles Kolbe Sales And Leasing Ma | 30 | $60,295 | |
Charles L Touhey Director, President | 4 | $57,923 | |
Lila M Touhey Director | 1 | $0 | |
Virginia E Touhey Director, Secretary/treasu | 1 | $0 | |
John J Touhey Director, Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $37 |
| Dividends & Interest | $849,094 |
| Net Rental Income | $80,914 |
| Net Gain on Sale of Assets | $2,500,407 |
| Capital Gain Net Income | $2,500,407 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $123,178 |
| Total Revenue | $5,194,205 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $57,923 |
| Other employee salaries and wages | $183,420 |
| Pension plans, employee benefits | $54,746 |
| Interest | $0 |
| Taxes | $434,605 |
| Depreciation | $307,596 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $889,504 |
| Total operating and administrative expenses | $1,961,828 |
| Contributions, gifts, grants paid | $4,555,547 |
| Total expenses and disbursements | $6,517,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,363,032 |
| Net Accounts receivable | $133,853 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $154,920 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $209,733 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $425,478 |
| Net Land, buildings, and equipment | $10,990,502 |
| Other assets | $2,080 |
| Total assets | $47,729,913 |
| Accounts payable and accrued expenses | $16,526 |
| 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 | $180,828 |
| Total liabilities | $197,354 |
Grants Awarded
Over the last fiscal year, Carl E Touhey Foundation has awarded $4,555,547 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
BUILDING BLOCKS TOGETHER PURPOSE: TO ASSIST PEOPLE PURCHASE HOMES IN THE CAPITAL REGION | $630,000 |
Albany, NY PURPOSE: TO PROVIDE IMMEDIATE RELIEF AND LONG-TERM SOLUTIONS FOR THE MOST VULNERABLE MEMBERS OF OUR COMMUNITY BY PREVENTING, COMBATING, AND REDUCING HOMELESSNESS WITHIN THE CAPITAL REGION. | $466,854 |
UNIVERSITY AT ALBANY PURPOSE: TO ASSIST STUDENTS MEET THEIR EDUCATIONAL COST NEEDS | $300,000 |
Albany, NY PURPOSE: TO SUPPORT THE BUILDING OF THE PATIENT PAVILION | $250,000 |
HABITAT FOR HUMANITY CAPITAL DISTRICT PURPOSE: TO BUILD STRENGTH, STABILITY AND SELF-RELIANCE THROUGH AFFORDABLE HOMEOWNERSHIP | $180,000 |
THE COMMUNITY BUILDERS INC PURPOSE: TO BUILD AND SUSTAIN STRONG COMMUNITIES WHERE PEOPLE OF ALL INCOMES CAN ACHIEVE THEIR FULL POTENTIAL | $154,970 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |