1994 Charles B Degenstein Foundation
- Assets
- $99.1m
- Revenue
- $5.6m
- Investments
- $96.6m
- Employees
- 0
- Location
- Sunbury, PA
- Founding
- 01/1996
- Data as of
- 06/2022
- EIN
- 23-7792979
Organization Overview
1994 Charles B Degenstein Foundation is located in Sunbury, PA. The organization was established in 1996. 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. 1994 Charles B Degenstein 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 06/2022, 1994 Charles B Degenstein Foundation generated $5.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $7.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, 1994 Charles B Degenstein Foundation has awarded 181 individual grants totaling $7,467,763. 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 |
|---|---|---|---|
Brianna Apfelbaum Kula Co-Trustee | 40 | $15,000 | |
Benjamin Apfelbaum Co-Trustee | 20 | $15,000 | |
Bny Mellon Na Co-Trustee | 1 | $506,258 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,792,390 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,768,998 |
| Capital Gain Net Income | $2,768,998 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $36,905 |
| Total Revenue | $5,598,293 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $536,258 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $6,404 |
| Taxes | $70,923 |
| Depreciation | $0 |
| Occupancy | $19,770 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $334,808 |
| Total operating and administrative expenses | $982,061 |
| Contributions, gifts, grants paid | $6,772,400 |
| Total expenses and disbursements | $7,754,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,501,285 |
| 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 | $6,671,615 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $99,082,259 |
| 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, 1994 Charles B Degenstein Foundation has awarded $3,490,763 in support to 124 organizations.
| Grant Recipient | Amount |
|---|---|
THE BLOOMSBURG UNIVERSITY FOUNDATION PURPOSE: LAST DOLLAR SCHOLARSHIPS | $44,500 |
SUNBURY'S REVITALIZATION INC PURPOSE: COVID-19 COMMON APPLICATION | $15,000 |
ALVERNIA UNIVERSITY PURPOSE: LAST DOLLAR SCHOLARSHIPS | $5,000 |
WILKES UNIVERSITY PURPOSE: LAST DOLLAR SCHOLARSHIPS | $15,000 |
VILLANOVA UNIVERSITY PURPOSE: LAST DOLLAR SCHOLARSHIPS | $5,000 |
GREATER SUSQUEHANNA VALLEY UNITED WAY PURPOSE: WI-FI HOTSPOTS FOR LOCAL | $182,797 |