East Coast Energy Foundation Inc
- Assets
- $487.6k
- Revenue
- $112.5k
- Investments
- $385.8k
- Employees
- 0
- Location
- Bronx, NY
- Founding
- 09/2016
- Data as of
- 06/2021
- EIN
- 81-0937332
Organization Overview
East Coast Energy Foundation Inc is located in Bronx, NY. The organization was established in 2016. According to its NTEE Classification (T90) the organization is classified as: Named Trusts 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. East Coast Energy 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 06/2021, East Coast Energy Foundation Inc generated $112.5k 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 (17.2%) each year. All expenses for the organization totaled $44.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, East Coast Energy Foundation Inc has awarded 201 individual grants totaling $1,110,072. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
KIDS FOR KIDS FOUNDATION
FORDHAM BEDFORD HOUSING CORPORATION
CATHOLIC CHARITIES BROOKLYN & QUEENS
THE WORKMEN'S CIRCLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheldon Eskowitz Director | 1 | $0 | |
Anthony Milanese Director | 1 | $0 | |
John R Knief Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $101,000 |
| Interest on Savings | $120 |
| Dividends & Interest | $8,818 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,522 |
| Capital Gain Net Income | $2,522 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $112,460 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $109 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,798 |
| Total operating and administrative expenses | $8,821 |
| Contributions, gifts, grants paid | $35,840 |
| Total expenses and disbursements | $44,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,700 |
| Savings and temporary cash investments | $100,060 |
| 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 | $0 |
| Total assets | $487,564 |
| 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, East Coast Energy Foundation Inc has awarded $35,840 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Brooklyn, NY PURPOSE: SUPPORT CHILDREN AND FAMILIES STRUGGLING WITH MEDICAL CHALLENGES | $6,240 |
Bronx, NY PURPOSE: COMMUNITY SPONSORED HOUSING | $5,000 |
CATHOLIC CHARITIES BROOKLYN & QUEENS PURPOSE: ASSISTANCE TO NEEDY | $4,000 |
THE WORKMEN'S CIRCLE PURPOSE: ASSISTANCE TO NEEDY | $3,500 |
Briarwood, NY PURPOSE: TO PROMOTE EDUCATION AND WELFARE OF CHILDREN | $3,300 |
New York, NY PURPOSE: EDUCATION CLASSES | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |
John R Oishei Consolidated Tr 01091998 Buffalo, NY | $21,967,662 | $5,743,689 |
Goldstein Family Foundation Spring Valley, NY | $15,534,248 | $10,502,547 |
Sol Goldman Charitable Trust New York, NY | $0 | $3,639,060 |
Schwartz Fam Foundation Tr New York, NY | $15,701,646 | $4,641,500 |
J M Lockhart Lockhart J M Ally Herc Pittsburgh, PA | $71,861,137 | $5,661,653 |
John R Mccune Char Trust No 9721 Pittsburgh, PA | $72,660,293 | $3,170,444 |
Lyford Cay Foundation Inc Greenwich, CT | $29,953,842 | $2,393,799 |
Donald P And Mary E Moriarty Charitable Foundation Chatham, NJ | $28,351,035 | $10,104,907 |
Reitmeier Charitable Trust U-W Fund Pittsburgh, PA | $0 | $783,026 |
Wings For Things Foundation Inc Sandy Hook, CT | $31,046,537 | $6,302,092 |
The Daniel E And Joyce G Straus Family Foundation Fort Lee, NJ | $70,788,886 | $23,200,737 |