1898 Foundation Inc
- Assets
- $1.4m
- Revenue
- $1.2m
- Investments
- $987.7k
- Employees
- 0
- Location
- Purchase, NY
- Founding
- 04/2019
- Data as of
- 12/2023
- EIN
- 82-3903009
Organization Overview
1898 Foundation Inc is located in Purchase, NY. The organization was established in 2019. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 1898 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 12/2023, 1898 Foundation Inc generated $1.2m in total revenue.
Since 2020, 1898 Foundation Inc has awarded 41 individual grants totaling $160,227. 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
EMERGENCY MEDICAL HARDSHIP ASSISTANCE THE FOUNDATION PROVIDES FOR EMERGENCY MEDICAL HARDSHIP ASSISTANCE. IN FY2023, THE FOUNDATION MADE PAYMENTS OF $49,398 TOWARD SUCH CHARITABLE PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Klein President | 3 | $0 | |
Lisa Mcgowan Vice President | 3 | $0 | |
Gregory Weiss Secretary/treasurer | 3 | $0 | |
Lucy Danziger Director | 3 | $0 | |
Jeanne Fogel Director | 3 | $0 | |
Julia Guggenheimer Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,123,030 |
| Interest on Savings | $29,784 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,152,814 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $55,049 |
| Total operating and administrative expenses | $63,649 |
| Contributions, gifts, grants paid | $41,500 |
| Total expenses and disbursements | $105,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,915 |
| Savings and temporary cash investments | $313,879 |
| 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 | $1,424,499 |
| 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 | $6,500 |
| Total liabilities | $6,500 |
Grants Awarded
Over the last fiscal year, 1898 Foundation Inc has awarded $41,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HARRISON FOOD PANTRY PURPOSE: COMMUNITY OUTREACH | $2,000 |
CADDIE SCHOLARSHIP FUND PURPOSE: GENERAL SUPPORT | $5,000 |
FEEDING WESTCHESTER PURPOSE: GENERAL SUPPORT | $2,500 |
MGA FOUNDATION PURPOSE: GENERAL SUPPORT | $5,000 |
METRO CLUB FOUNDATION PURPOSE: GENERAL SUPPORT | $2,000 |
SCHOLARSHIP AMERICA INC PURPOSE: SCHOLARSHIP | $25,000 |