Louis & Florence Glasgow Foundation 008682
- Assets
- $421.1k
- Revenue
- $8.5k
- Investments
- $411.7k
- Employees
- 0
- Location
- Norwich, NY
- Founding
- 07/1973
- Data as of
- 12/2022
- EIN
- 23-7304980
Organization Overview
Louis & Florence Glasgow Foundation 008682 is located in Norwich, NY. The organization was established in 1973. 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. Louis & Florence Glasgow Foundation 008682 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, Louis & Florence Glasgow Foundation 008682 generated $8.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (19.1%) each year. All expenses for the organization totaled $29.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Louis & Florence Glasgow Foundation 008682 has awarded 80 individual grants totaling $113,000. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,719 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,177 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,542 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,328 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,227 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $10,385 |
| Contributions, gifts, grants paid | $19,500 |
| Total expenses and disbursements | $29,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,376 |
| 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 | $411,733 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $421,109 |
| 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, Louis & Florence Glasgow Foundation 008682 has awarded $19,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON UNIVERSITY PURPOSE: SCHOLARSHIP | $1,300 |
ALFRED STATE COLLEGE PURPOSE: SCHOLARSHIP | $1,300 |
PURDUE UNIVERSITY PURPOSE: SCHOLARSHIP | $1,300 |
UNIVERSITY OF CONNECTICUT PURPOSE: SCHOLARSHIP | $1,300 |
BROOME COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP | $1,300 |
SUNY DELHI PURPOSE: SCHOLARSHIP | $1,300 |