Charles L Read Foundation
- Assets
- $3.9m
- Revenue
- -$8.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Bayshore, NY
- Founding
- 11/1956
- Data as of
- 12/2023
- EIN
- 22-6053510
Organization Overview
Charles L Read Foundation is located in Bayshore, NY. The organization was established in 1956. 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. Charles L Read Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Charles L Read Foundation has awarded 291 individual grants totaling $784,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Galton Secy | 5 | $0 | |
Rodger K Herrigel Pres | 5 | $0 | |
Saul Eisenberg Treas | 5 | $0 | |
Richard Eisenberg V.p | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,582 |
| Dividends & Interest | $86,915 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$106,047 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$8,550 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $222 |
| Depreciation | $0 |
| Occupancy | $2,520 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,665 |
| Total operating and administrative expenses | $90,707 |
| Contributions, gifts, grants paid | $188,500 |
| Total expenses and disbursements | $279,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,264 |
| Savings and temporary cash investments | $3,764,379 |
| 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 | $0 |
| Total assets | $3,931,643 |
| 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, Charles L Read Foundation has awarded $188,500 in support to 74 organizations.
| Grant Recipient | Amount |
|---|---|
MICHAEL J FOX FDN FOR PARKINSON RESEARCH PURPOSE: PURCHASE OF CAPITAL ITEMS | $1,000 |
MID COAST HOSPITAL PURPOSE: PURCHASE OF CAPITAL ITEMS | $2,000 |
WELCOME DEMOCRACY INSTITUTE PURPOSE: PURCHASE O CAPITAL ITEMS | $2,500 |
CHILDRENS HEART FOUNDATION PURPOSE: PURCHASE OF CAPITAL ITEMS | $1,000 |
HEIGHTS PHILADELPHIA PURPOSE: PURCHASE OF CAPITAL ITEMS | $2,500 |
MANCOS UNITED PURPOSE: PURCHASE OF CAPITAL ITEMS | $1,000 |