Tortuga Foundation
- Assets
- $95.3m
- Revenue
- $5.2m
- Investments
- $83.7m
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/1980
- Data as of
- 12/2023
- EIN
- 51-0245279
Organization Overview
Tortuga Foundation is located in New York, NY. The organization was established in 1980. 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. Tortuga 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, Tortuga Foundation generated $5.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $9.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tortuga Foundation has awarded 563 individual grants totaling $38,181,066. 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 |
|---|---|---|---|
Mildred Livingston Pres, Trustee | 5 | $0 | |
Patricia Livingston Sec'y, Trustee | 5 | $0 | |
Robert Livingston Trustee | 5 | $0 | |
Philip Livingston Trustee | 5 | $0 | |
Donna M Colon Treasurer | 5 | $0 | |
Karen Harris Exec Director | 35 | $303,525 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Edgewood Management Co Llc | 12/30/23 | $975,921 |
Patterson Belknap Webb & Tyler Llp | 12/30/23 | $100,560 |
Griffin Advisors Inc | 12/30/23 | $60,000 |
Bank Of New York | 12/30/23 | $54,768 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,238,010 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,946,538 |
| Capital Gain Net Income | $3,946,538 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,184,548 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $303,525 |
| Other employee salaries and wages | $206,842 |
| Pension plans, employee benefits | $21,846 |
| Interest | $0 |
| Taxes | $37,100 |
| Depreciation | $1,275 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $33,869 |
| Printing and publications | $0 |
| Other expenses | $104,420 |
| Total operating and administrative expenses | $1,856,883 |
| Contributions, gifts, grants paid | $7,762,816 |
| Total expenses and disbursements | $9,619,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,379 |
| Savings and temporary cash investments | $11,507,332 |
| 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 | $243 |
| Other assets | $8,127 |
| Total assets | $95,280,018 |
| 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 | $757 |
| Total liabilities | $757 |
Grants Awarded
Over the last fiscal year, Tortuga Foundation has awarded $7,762,816 in support to 105 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF THE DICKENSON MEMORIAL LIBRARY PURPOSE: GENERAL CHARITABLE PURPOSES | $5,000 |
NATIONAL CENTER FOR FAMILY PHILANTHROPY PURPOSE: GENERAL CHARITABLE PURPOSES | $5,000 |
OMEGA INSTITUTE FOR HOLISTIC STUDIES INC PURPOSE: GENERAL CHARITABLE PURPOSES | $10,000 |
THE NEW YORK COALITION FOR HEALTHY SCHOOL FOOD PURPOSE: GENERAL CHARITABLE PURPOSES | $10,000 |
ENVIRONMENTAL VOLUNTEERS PURPOSE: GENERAL CHARITABLE PURPOSES | $10,000 |
WHITE FEATHER FARM INC PURPOSE: GENERAL CHARITABLE PURPOSES | $10,000 |