Globalfoundries Stillwater Foundation
- Assets
- $820.3k
- Revenue
- $21.2k
- Investments
- $751.7k
- Employees
- 0
- Location
- Stillwater, NY
- Founding
- 02/2013
- Data as of
- 12/2023
- EIN
- 46-0562694
Organization Overview
Globalfoundries Stillwater Foundation is located in Stillwater, NY. The organization was established in 2013. 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. Globalfoundries Stillwater 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 12/2023, Globalfoundries Stillwater Foundation generated $21.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $37.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Globalfoundries Stillwater Foundation has awarded 98 individual grants totaling $290,750. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Leupold President | 1 | $0 | |
Edward Keis Director | 1 | $0 | |
Edward Kinowski Director | 1 | $0 | |
Kevin Buchal Director | 1 | $0 | |
Patricia Morris Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,872 |
| Dividends & Interest | $15,516 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,776 |
| Capital Gain Net Income | $3,606 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,164 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $718 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,351 |
| Total operating and administrative expenses | $11,156 |
| Contributions, gifts, grants paid | $26,500 |
| Total expenses and disbursements | $37,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $68,614 |
| 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 | $751,717 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $820,331 |
| 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 Stillwater Foundation has awarded $26,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MACSC DOMESTIC VIOLENCE PURPOSE: PROGRAM SUPPORT | $4,000 |
STILLWATER FOOD PANTRY PURPOSE: EXPANSION OF PROGRAMS | $5,000 |
SARATOGA BRIDGES PURPOSE: BUILDING RENOVATION | $2,500 |
VARIOUS GRANTS 2500 OR LESS PURPOSE: VARIOUS | $8,000 |
STILLWATER BACK PACK PROGRAM PURPOSE: SUPPORT FOR BACKPACK PROGRAM | $7,000 |