Owen T & Alice M Gorman Test Charitable Tr Uw Alice M Gorman
- Assets
- $13.3m
- Revenue
- $576.0k
- Investments
- $9.3m
- Employees
- 0
- Location
- Oneida, NY
- Founding
- 01/2003
- Data as of
- 12/2022
- EIN
- 22-6927092
Organization Overview
Owen T & Alice M Gorman Test Charitable Tr Uw Alice M Gorman is located in Oneida, NY. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Owen T & Alice M Gorman Test Charitable Tr Uw Alice M Gorman 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, Owen T & Alice M Gorman Test Charitable Tr Uw Alice M Gorman generated $576.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Owen T & Alice M Gorman Test Charitable Tr Uw Alice M Gorman has awarded 170 individual grants totaling $6,932,980. 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
EXPENSES RELATED TO OPERATING FREE HEALTH CLINIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Larson President | 40 | $112,385 | |
Joanne Larson Chief Investment Officer | 30 | $90,000 | |
James Sullivan Vice-President | 20 | $31,800 | |
Aric Larson Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,187 |
| Interest on Savings | $0 |
| Dividends & Interest | $260,577 |
| Net Rental Income | $281,026 |
| Net Gain on Sale of Assets | $1,634 |
| Capital Gain Net Income | $1,634 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $30,571 |
| Total Revenue | $575,995 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $234,185 |
| Other employee salaries and wages | $140,895 |
| Pension plans, employee benefits | $0 |
| Interest | $31,090 |
| Taxes | $53,716 |
| Depreciation | $188,675 |
| Occupancy | $31,450 |
| Travel, conferences, and meetings | $276 |
| Printing and publications | $1,151 |
| Other expenses | $208,259 |
| Total operating and administrative expenses | $1,013,079 |
| Contributions, gifts, grants paid | $900,393 |
| Total expenses and disbursements | $1,913,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242,112 |
| Savings and temporary cash investments | $0 |
| 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 | $3,423,081 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,274,394 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $315,750 |
| Total assets | $13,255,337 |
| Accounts payable and accrued expenses | $5,234 |
| Grants payable | $425,277 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,043,454 |
| Total liabilities | $1,473,965 |
Grants Awarded
Over the last fiscal year, Owen T & Alice M Gorman Test Charitable Tr Uw Alice M Gorman has awarded $1,354,929 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CHARITIES OF ONEIDA-MADISON PURPOSE: FOR BACK-TO-SCHOOL SUPPLIES FOR STUDENTS IN NEED | $26,870 |
CHARLES N GORDON WILDLIFE CENTER PURPOSE: RABIES VACCINATIONS | $9,384 |
CNY DIAPER BANK PURPOSE: PROVIDE DIAPERS FOR LOW-INCOME FAMILIES IN MADISON COUNTY | $5,000 |
CNY LYME & TICK ALLIANCE PURPOSE: EDUCATIONAL OUTREACH PROGRAMS | $6,000 |
CORNELL COOPERATIVE EXTENSION OF MADISON COUNTY PURPOSE: OPEN FARM DAY | $1,000 |
COMMUNITY BIKES PURPOSE: TANDEM BIKE PROJECT WITH HERITAGE FARM | $14,100 |