Geoffrey Beene Foundation
- Assets
- $24.2m
- Revenue
- $443.6k
- Investments
- $23.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/2007
- Data as of
- 12/2022
- EIN
- 43-6936635
Organization Overview
Geoffrey Beene Foundation is located in New York, NY. The organization was established in 2007. 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. Geoffrey Beene 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 12/2022, Geoffrey Beene Foundation generated $443.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.9%) each year. All expenses for the organization totaled $751.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (24.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Geoffrey Beene Foundation has awarded 94 individual grants totaling $14,368,783. 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 |
|---|---|---|---|
G Thompson Hutton Trustee | 35 | $45,547 | |
Max Eisikovic CFO | 10 | $14,895 | |
Mara Hutton COO | 35 | $73,275 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $246,143 |
| Dividends & Interest | $423,812 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$207,365 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$19,036 |
| Total Revenue | $443,554 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $211,929 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,598 |
| Depreciation | $6,662 |
| Occupancy | $83,095 |
| Travel, conferences, and meetings | $5,871 |
| Printing and publications | $0 |
| Other expenses | $221,653 |
| Total operating and administrative expenses | $581,606 |
| Contributions, gifts, grants paid | $170,000 |
| Total expenses and disbursements | $751,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,277 |
| Savings and temporary cash investments | $858,208 |
| 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 | $102,936 |
| Net Land, buildings, and equipment | $13,465 |
| Other assets | $61,288 |
| Total assets | $24,155,454 |
| 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, Geoffrey Beene Foundation has awarded $120,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CITY MEALS ON WHEELS PURPOSE: DELIVER FOOD TO HOMEBOUND ELDERLY PEOPLE | $7,500 |
CITY HARVEST PURPOSE: FOOD RESCUE ORGANIZATION PROVIDING FOOD TO FOOD PANTRIES, SOUP KITCHENS & OTHER COMMUNITY PARTNERS | $7,500 |
JOE TORRE SAFE AT HOME FOUNDATION PURPOSE: SUPPORT FOR CHILDREN EXPOSED TO VIOLENCE AND CHILD ABUSE | $10,000 |
NY PRESBYTERIAN HOSPITAL PURPOSE: PROVIDE QUALITY HEALTHCARE REGARDLESS OF PATIENTS' ABILITY TO PAY | $10,000 |
COLD SPRING HARBOR LAB PURPOSE: RESEARCH AND EDUCATION AT THE FOREFRONT OF MOLECULAR BIOLOGY AND GENETICS | $10,000 |
CFDA FOUNDATION PURPOSE: SCHOLARSHIPS & EDUCATIONAL PROGRAMS | $20,000 |