Bernard A Egan Foundation Inc
- Assets
- $114.9m
- Revenue
- $8.2m
- Investments
- $87.4m
- Employees
- 0
- Location
- Fort Pierce, FL
- Founding
- 02/1996
- Data as of
- 05/2022
- EIN
- 65-0501660
Organization Overview
Bernard A Egan Foundation Inc is located in Fort Pierce, FL. The organization was established in 1996. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Bernard A Egan 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 05/2022, Bernard A Egan Foundation Inc generated $8.2m 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 (16.6%) each year. All expenses for the organization totaled $8.1m during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bernard A Egan Foundation Inc has awarded 1,126 individual grants totaling $36,201,112. 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 |
|---|---|---|---|
Mary R Shinn Assistant Secretary | 2 | $0 | |
Catherine M Rohm Assistant Treasurer | 1 | $0 | |
Jean Jacques Gilet Vice President | 1 | $0 | |
Bernadette M Emerick President | 10 | $0 | |
Gregory P Nelson Secretary/treasurer | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Truist | 5/30/22 | $361,472 |
Bernard Egan & Company | 5/30/22 | $399,897 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,693,733 |
| Dividends & Interest | $1,296,440 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,268,102 |
| Capital Gain Net Income | $4,308,259 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $931,766 |
| Total Revenue | $8,190,041 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $164,192 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $438,592 |
| Total operating and administrative expenses | $1,036,727 |
| Contributions, gifts, grants paid | $7,079,575 |
| Total expenses and disbursements | $8,116,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,947,759 |
| 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 | $11,752,017 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $2,778,355 |
| Investments—mortgage loans | $0 |
| Investments—other | $15,929,444 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $12,934 |
| Total assets | $114,916,843 |
| 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, Bernard A Egan Foundation Inc has awarded $7,079,575 in support to 163 organizations.
| Grant Recipient | Amount |
|---|---|
THE SOURCE PURPOSE: DIGNITY VILLAGE | $450,000 |
KNIGHTS OF COLUMBUS CHARITIES INC PURPOSE: SCHOLARSHIPS, VOCATION TO PRIESTHOOD, CULTURE OF LIFE, UNITED IN CHARITY, DISASTER & REFUGEE RELIEF | $447,500 |
Vero Beach, FL PURPOSE: SLC & IRC GENERAL (LAND) | $425,000 |
MOTHER THERESA CATHOLIC EDUCATION FOUNDATION INC PURPOSE: LAND | $370,000 |
CLEVELAND CLINIC INDIAN RIVER FOUNDATION PURPOSE: PAY IT FORWARD PROGRAM | $350,000 |
FLORIDA REMEMBERED SOCIETY INC PURPOSE: MUSEUM PROJECT | $320,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |
Thomas W Smith Foundation Boca Raton, FL | $35,370,958 | $23,899,669 |
University Of Central Florida Research Foundation Inc Orlando, FL | $26,737,307 | $16,545,937 |
Wonderful Life Foundation West Palm Beach, FL | $22,652,179 | $19,424,572 |
Thompson-Hartford Foundation Inc Tampa, FL | $0 | $6,094,384 |
Harrell Family Charities Inc Lakeland, FL | $0 | $11,320,223 |
Audrey And Martin Gruss Foundation West Palm Beach, FL | $0 | $7,573,459 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
St2 Foundation Inc Sunny Isles Beach, FL | $11,092,190 | $2,139,284 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |