John D Picotte Family Foundation
- Assets
- $14.7m
- Revenue
- $358.3k
- Investments
- $14.2m
- Employees
- 0
- Location
- Albany, NY
- Founding
- 01/1992
- Data as of
- 12/2022
- EIN
- 22-3109260
Organization Overview
John D Picotte Family Foundation is located in Albany, NY. The organization was established in 1992. 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. John D Picotte Family 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, John D Picotte Family Foundation generated $358.3k 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 (7.4%) each year. All expenses for the organization totaled $820.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, John D Picotte Family Foundation has awarded 538 individual grants totaling $7,048,503. 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 |
|---|---|---|---|
John D Picotte Director | 1 | $0 | |
Margaret J Hines Picotte Treasurer | 1 | $0 | |
John D Picotte Jr Vice-President | 1 | $0 | |
Brooke A Picotte Secretary | 1 | $0 | |
Margaret P Macclarence President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14 |
| Dividends & Interest | $287,685 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $71,315 |
| Capital Gain Net Income | $71,315 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$736 |
| Total Revenue | $358,278 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,705 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,150 |
| Total operating and administrative expenses | $80,167 |
| Contributions, gifts, grants paid | $740,167 |
| Total expenses and disbursements | $820,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,682 |
| Savings and temporary cash investments | $271,987 |
| 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 | $0 |
| Other assets | $272,170 |
| Total assets | $14,719,202 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $472,278 |
| 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 | $472,278 |
Grants Awarded
Over the last fiscal year, John D Picotte Family Foundation has awarded $740,167 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY OF HOLY NAMES PURPOSE: PLEDGE PAYMENT: INVEST, INSPIRE, IGNITE, CAPITAL CAMPAIGN | $5,000 |
CHRISTIAN BROTHERS ACADEMY PURPOSE: PLEDGE PAYMENT: JOHN D. PICOTTE FAMILY SCHOLARSHIP FUND AND FIELD & FACILITIES | $100,000 |
SIENA COLLEGE PURPOSE: PLEDGE PAYMENT: JOHN D. PICOTTE MEDICAL ENDOWMENT | $150,000 |
SOUTHWESTERN VERMONT HEALTH CARE FOUNDATION PURPOSE: CHARITABLE PURPOSES | $5,000 |
THE PAUL ROBERT CAREY FOUNDATION PURPOSE: SHINING SPIRIT BREAKFAST | $2,500 |
THE UNIVERSITY AT ALBANY FOUNDATION PURPOSE: WRITER'S INSTITUTE & GREAT DANE ATHLETICS | $10,000 |