The Talbott Family Foundation
- Assets
- $5.1m
- Revenue
- $239.4k
- Investments
- $2.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1995
- Data as of
- 11/2023
- EIN
- 77-0389983
Organization Overview
The Talbott Family Foundation is located in New York, NY. The organization was established in 1995. 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. Talbott Family 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 11/2023, Talbott Family Foundation generated $239.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $530.3k during the year ending 11/2023. While expenses have increased by 3.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Talbott Family Foundation has awarded 43 individual grants totaling $235,450. 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
MOTORCYCLE MUSEUM - THE FOUNDATION OPERATES A MOTORCYCLE MUSEUM FOR PUBLIC ENJOYMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert S Talbott Pres, Chair | 20 | $0 | |
Vivienne Talbott Sec, Treas | 10 | $0 | |
Nick Smith Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $31,003 |
| Dividends & Interest | $131,108 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $47,555 |
| Capital Gain Net Income | $47,555 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $29,723 |
| Total Revenue | $239,389 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $619 |
| Taxes | $39,236 |
| Depreciation | $0 |
| Occupancy | $127,140 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $86,356 |
| Total operating and administrative expenses | $489,260 |
| Contributions, gifts, grants paid | $41,000 |
| Total expenses and disbursements | $530,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $492,460 |
| 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 | $1,708,600 |
| Total assets | $5,086,375 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $10,580 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,580 |
Grants Awarded
Over the last fiscal year, The Talbott Family Foundation has awarded $41,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
HANDS TO HELP SENIORS PURPOSE: GENERAL SUPPORT | $5,000 |
CARMEL VALLEY TRAIL & SADDLE CLUB PURPOSE: GENERAL SUPPORT | $10,000 |
COMMUNITY FOUNDATION FOR MONTEREY COUNTY PURPOSE: GENERAL SUPPORT | $5,000 |
SALVATION ARMY - CALIFORNIA PURPOSE: GENERAL SUPPORT | $2,500 |
ROADRACING WORLD ACTION FUND PURPOSE: GENERAL SUPPORT | $10,000 |
GUIDING EYES FOR THE BLIND INC PURPOSE: GENERAL SUPPORT | $2,500 |