Gigi & Averell H Mortimer Foundation
- Assets
- $565.5k
- Revenue
- $103.4k
- Investments
- $305.3k
- Employees
- 0
- Location
- Harriman, NY
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-4323935
Organization Overview
Gigi & Averell H Mortimer Foundation is located in Harriman, NY. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Gigi & Averell H Mortimer 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, Gigi & Averell H Mortimer Foundation generated $103.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $3.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (50.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean M Mortimer Chairman | 0 | $0 | |
Averell H Mortimer President/treasurer | 0 | $0 | |
Maxwell H Mortimer Secretary | 0 | $0 | |
Hume R Steyer Assistant Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $214,131 |
| Interest on Savings | $118 |
| Dividends & Interest | $5,048 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$28,991 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$86,874 |
| Total Revenue | $103,432 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $83 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $583 |
| Total operating and administrative expenses | $3,340 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,449 |
| Savings and temporary cash investments | $0 |
| 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 | $2,770 |
| Total assets | $565,506 |
| Accounts payable and accrued expenses | $58 |
| 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 | $58 |
Grants Awarded
Over the last fiscal year, Gigi & Averell H Mortimer Foundation has awarded $110,350 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
THE BONE MARROW FOUNDATION PURPOSE: GENERAL SUPPORT | $250 |
ORPHAN DISEASE PATHWAY PROJECT PURPOSE: GENERAL SUPPORT | $2,000 |
NEW YORK UNIVERSITY PURPOSE: GENERAL SUPPORT | $5,000 |
OPEN SPACE INSTITUTE PURPOSE: GENERAL SUPPORT | $600 |
THE CENTER FOR DISCOVERY PURPOSE: GENERAL SUPPORT | $100,000 |
COMMON SENSE MEDIA PURPOSE: GENERAL SUPPORT | $2,500 |