Picket Family Foundation Inc
- Assets
- $5.0m
- Revenue
- $1.1m
- Investments
- $4.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 26-3870611
Organization Overview
Picket Family Foundation Inc is located in New York, NY. The organization was established in 2009. 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. Picket Family Foundation Inc 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, Picket Family Foundation Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Picket Family Foundation Inc has awarded 65 individual grants totaling $8,378,400. 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 |
|---|---|---|---|
Joel I Picket Director & President | 0 | $0 | |
David L Picket Director & Trasurer | 0 | $0 | |
Allison D Fehrenbaker Director & Secretary | 0 | $0 | |
Joan R Picket Director & Vice Pres. | 0 | $0 | |
Rona J Picket Director | 0 | $0 | |
Lawrence G Fehrenbaker Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $700,000 |
| Interest on Savings | $662 |
| Dividends & Interest | $110,718 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $321,415 |
| Capital Gain Net Income | $321,415 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,132,795 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26,736 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,859 |
| Total operating and administrative expenses | $58,595 |
| Contributions, gifts, grants paid | $1,019,000 |
| Total expenses and disbursements | $1,077,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $107,254 |
| 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 | $4,117,043 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $12,553 |
| Total assets | $5,038,154 |
| 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, Picket Family Foundation Inc has awarded $1,019,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
FORDHAM UNIVERSITY PURPOSE: UNRESTRICTED | $200,000 |
LINCOLN CENTER FOR THE PERFORMING ARTS PURPOSE: UNRESTRICTED | $22,000 |
METROPOLITAN MUSEUM OF ART PURPOSE: UNRESTRICTED | $5,000 |
NEW YORK HISTORICAL SOCIETY PURPOSE: UNRESTRICTED | $125,000 |
MOUNT SINAI HOSPITAL PURPOSE: UNRESTRICTED | $450,000 |
RICHARD TUCKER MUSIC FOUNDATION PURPOSE: UNRESTRICTED | $17,000 |