1898 Foundation Inc
- Assets
- $369.7k
- Revenue
- $129.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Purchase, NY
- Founding
- 04/2019
- Data as of
- 12/2021
- 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 12/2021, 1898 Foundation Inc generated $129.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 60.3% each year .
Since 2020, 1898 Foundation Inc has awarded 33 individual grants totaling $103,000. 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 |
|---|---|---|---|
Gregory Weiss President | 3 | $0 | |
Steven C Guggenheimer Vice President | 3 | $0 | |
Wendy R Aronsson Director | 3 | $0 | |
Kim W Wagman Secretary | 3 | $0 | |
Rebecca M Jones Director | 3 | $0 | |
Alan M Klein Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $128,950 |
| Interest on Savings | $33 |
| 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 | $128,983 |
| 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 | $4,942 |
| Total operating and administrative expenses | $9,642 |
| Contributions, gifts, grants paid | $48,000 |
| Total expenses and disbursements | $57,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $369,748 |
| 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 | $0 |
| Total assets | $369,748 |
| 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, 1898 Foundation Inc has awarded $48,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ETHAN TIENG PURPOSE: SCHOLARSHIP | $8,000 |
JUSTIN REEVES PURPOSE: SCHOLARSHIP | $6,000 |
Elmsford, NY PURPOSE: SCHOLARSHIP | $5,000 |
Alexandria, VA PURPOSE: SCHOLARSHIP | $5,000 |
WESTCHESTER CADDIE SCHOLARSHIP FUND PURPOSE: SCHOLARSHIP | $5,000 |
PATRICIA TIENG PURPOSE: SCHOLARSHIP | $4,000 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that 1898 Foundation Inc has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Bachmann Strauss Family Fund Inc Albany, NY PURPOSE: GENERAL CHARITABLE | $5,000 |
Robert And Karen Sobel Charitable Foundation Purchase, NY PURPOSE: CHARITABLE IRC 170(C)(2) | $2,500 |
David Schwartz Foundation New York, NY PURPOSE: GENERAL PURPOSES | $1,500 |
Eric P And Evelyn Newman Charitable Foundation Saint Louis, MO PURPOSE: ANNUAL CONTRIBUTION | $1,000 |
Susan S & Kenneth Wallach Foundation Purchase, NY PURPOSE: GENERAL PURPOSE | $500 |
Netter Foundation Inc Croton On Hudson, NY PURPOSE: CHARITY | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vermont Student Development Fund Inc Winooski, VT | $17,468,961 | $10,359,436 |
Institute For Citizens And Scholars Princeton, NJ | $17,317,706 | $10,248,308 |
The Teagle Foundation Incorporated New York, NY | $172,379,349 | $12,655,674 |
Jackie Robinson Foundation Inc New York, NY | $30,161,175 | $8,662,334 |
The Cape Cod Community College Educational Foundation Inc West Barnstable, MA | $15,428,827 | $3,042,413 |
Cape Cod Foundation Inc South Yarmouth, MA | $88,834,376 | $21,531,654 |
Gilder Lehrman Institute Of American History New York, NY | $67,600,972 | $8,993,543 |
Siemens Foundation Iselin, NJ | $75,710,306 | $10,400,455 |
Uaspire Inc Boston, MA | $8,161,176 | $8,929,537 |
Target Als Foundation Inc New York, NY | $26,527,264 | $6,977,665 |
Pursuit Transformation Company Inc Long Island City, NY | $13,294,970 | $6,856,404 |
Firemens Association Of The State New York Foundation Inc Albany, NY | $161,398,482 | $10,617,589 |