Globalfoundries Town Of Malta Foundation Inc
- Assets
- $3.5m
- Revenue
- $110.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Malta, NY
- Founding
- 08/2012
- Data as of
- 12/2023
- EIN
- 45-3083479
Organization Overview
Globalfoundries Town Of Malta Foundation Inc is located in Malta, NY. The organization was established in 2012. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Globalfoundries Town Of Malta 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 12/2023, Globalfoundries Town Of Malta Foundation Inc generated $110.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $174.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Globalfoundries Town Of Malta Foundation Inc has awarded 218 individual grants totaling $1,127,029. 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 |
|---|---|---|---|
Serena Sapienza President | 2 | $0 | |
Ellwood Sloat Jr Vice Preside | 2 | $0 | |
David Meager Treasurer | 2 | $0 | |
Karen Heggen Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $78,188 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,866 |
| Capital Gain Net Income | $31,866 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $110,054 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $250 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,706 |
| Total operating and administrative expenses | $30,531 |
| Contributions, gifts, grants paid | $144,331 |
| Total expenses and disbursements | $174,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,659 |
| Savings and temporary cash investments | $3,512,817 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,523,476 |
| 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, Globalfoundries Town Of Malta Foundation Inc has awarded $144,331 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
BALLSTON SPA HIGH SCHOOL PTA PURPOSE: AFTER PROMACTIVITIES & WELLNESS EXPO | $5,000 |
BALLSTON SPA CSD PARTNERSHIP FOR PURPOSE: FUND ROBOTICS TEAM & RELATED EVENT | $10,000 |
ASSOCIATION TO PRESERVEPROTECT PURPOSE: NEW AUDIO VISUAL EQUIPMENT | $1,500 |
BALLSTON SPA MIDDLE SCHOOL PTA PURPOSE: FUND DIGITAL SAFETY PROGRAM EVENT | $1,000 |
BALLSTON SPA SOCCER CLUB PURPOSE: PURCHASE AED FOR ATHLETIC GROUNDS | $1,500 |
BEST BUDDIES NEW YORK PURPOSE: SUPPORT FRIENDSHIP PROGRAM | $2,000 |