Gerry Foundation is a private foundation based in Liberty, NY that was founded in 1997. As of 2019 they had $9.0 million in revenue and $111 million in assets.
To enhance the appearance of Sullivan County while fostering community development and collaboration.
Gerry Foundation makes grants to other organizations, such as $2,930,000 to Bethel Woods Center for the Arts for "To Support the Center's Tax-Exempt Mission of Inspiring, Educating, and Empowering Individuals Through the Arts and Humanities."; $50,100 to Town of Fallsburg Community Coalition for "Community Beautification Projects"; $15,000 to Liberty Town Productions NFP for "Community Beautification Projects"; $14,500 to Daniel Pierce Library for "Community Beautification Projects"; and $8,000 to Community Foundation of Orange and Sullivan (CFOS) for "Sullivan Renaissance Scholarship Fund".
EIN:
14-1798234
City:
State:
Metro:
Phone:
845-295-2400
Founded:
1997
Type:
501(c)(3)
NTEE:
Revenue:
$9,092,362
Assets:
$111,503,163
Fiscal year end:
December
Form 990s for Gerry Foundation
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|
| 2018-12 | Feb 7, 2020 | 990PF | View PDF |
| 2017-12 | Mar 15, 2019 | 990PF | View PDF |
| 2016-12 | Jan 18, 2018 | 990PF | View PDF |
| 2015-12 | Mar 2, 2017 | 990PF | View PDF |
| 2014-12 | Feb 18, 2016 | 990PF | View PDF |
| ...and four more Form 990 PDFs |
Financials for Gerry Foundation
| Field | 2018 | 2017 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $81,522 | -100% |
| Investment income and dividends | $1,162,518 | $2,200,276 | -47.2% |
| Net rental income | $29,428 | $16,222 | 81.4% |
| Net gain from sale of non-inventory assets | $7,416,485 | $6,029,735 | 23.0% |
| Gross sales of inventory | $0 | $0 | |
| Miscellaneous revenues | $456,821 | $9,923 | 4503.7% |
| Total revenues | $9,092,362 | $8,362,128 | 8.7% |
| Field | 2018 | 2017 | % Change |
|---|
| Compensation of current officers, etc. | $0 | $0 | |
| Non-officer salaries and wages | $774,862 | $649,673 | 19.3% |
| Pension/retirement accruals and contributions | $161,468 | $137,091 | 17.8% |
| Legal fees | $3,059 | $16,478 | -81.4% |
| Accounting fees | $46,398 | $48,941 | -5.2% |
| Other fee-for-service | $1,398,398 | $1,575,239 | -11.2% |
| Interest | $74 | $103 | -28.2% |
| Depreciation, amortization, etc. | $191,183 | $223,908 | -14.6% |
| Occupancy | $0 | $0 | |
| Travel | $61,766 | $51,860 | 19.1% |
| Office expenses | | | |
| Grants to all govts., orgs., and individuals | $4,408,281 | $4,398,571 | 0.2% |
| All other expenses | $2,482,609 | $1,875,355 | 32.4% |
| Total expenses | $9,528,098 | $8,977,219 | 6.1% |
| Field | 2018 | 2017 | % Change |
|---|
| Cash (non-interest-bearing) | $150,862 | $206,936 | -27.1% |
| Savings, short-term investments, etc. | $15,323,591 | $17,807,803 | -14.0% |
| Accounts receivable | $0 | $0 | |
| Pledges and grants receivable | $0 | $0 | |
| Loans receivable from officers, directors, etc. | $0 | $0 | |
| Notes and loans receivable | $0 | $0 | |
| Inventories for use | $0 | $0 | |
| Prepaid expenses and deferred charges | $134,569 | $137,062 | -1.8% |
| Investments in government obligations | $0 | $0 | |
| Investments in corporate stock | $18,004,530 | $17,988,284 | 0.1% |
| Investments in corporate bonds | $0 | $0 | |
| Investments in land, buildings, and equipment | $0 | $0 | |
| Investments in mortgage loans | $0 | $0 | |
| Other types of investments | $59,695,466 | $58,594,384 | 1.9% |
| Buildings, equipment, etc. post-depreciation | $18,194,145 | $17,194,940 | 5.8% |
| Other assets | $0 | $0 | |
| Total assets | $111,503,163 | $111,929,409 | -0.4% |
| Field | 2018 | 2017 | % Change |
|---|
| Accounts payable and accrued expenses | $67,309 | $57,819 | 16.4% |
| Grants payable | $0 | $0 | |
| Deferred revenue | $0 | $0 | |
| Loans payable to officers and disqualified persons | $0 | $0 | |
| Secured mortgages and notes payable to unrelated third parties | $0 | $0 | |
| Other liabilities | $0 | $0 | |
| Total liabilities | $67,309 | $57,819 | 16.4% |
| Field | 2018 | 2017 | % Change |
|---|
| Unrestricted net assets | $111,435,854 | $111,871,590 | -0.4% |
| Temporarily restricted net assets | $0 | $0 | |
| Permanently restricted net assets | $0 | $0 | |
Vendors for Gerry Foundation
| Vendor | Services | Amount paid | Date |
|---|
| Charles W Grimm Construction | General Contractor | $746,697 | 2018-12-01 |
| █████████ ██████████ ███ | Excavation Services | $55,166 | 2018-12-01 |
| █████████████ ███████████ ████████ | Demolition Services | $417,425 | 2018-12-01 |
| ███████ ██████████ ███ | Investment Management | $1,318,237 | 2018-12-01 |
| █████ ████████ ███ | Tax accounting | | 2014-11-28 |
Personnel at Gerry Foundation
| Name | Title | Compensation | Most recent data |
|---|
| Eric Frances | Treasurer / Chief Financial Officer | $0 | Feb. 7, 2020 |
| Denise Frangipane | Executive Director | $125,166 | Dec. 31, 2018 |
| ████████ █████████ | Fiscal Manager | $54,748 | Dec. 31, 2018 |
| ███████ █████ | Project Coordinator | $83,636 | Dec. 31, 2018 |
| ███████ █████ | Chief Executive Officer | $0 | Dec. 31, 2014 |
Peer private foundations
| | Name | Type | Revenue | Location |
|---|
| 1 | Gebbie Foundation | 501(c)(3) | $3.7 million | Jamestown, NY |
| 2 | James Graham Brown Foundation | 501(c)(3) | $20 million | Louisville, KY |
| 3 | The Endeavor Foundation | 501(c)(3) | $13 million | New York, NY |
| 4 | Theodore J Forstmann Charitable Trust | 501(c)(3) | $16 million | New York, NY |
| 5 | The Reginald F Lewis Foundation | 501(c)(3) | $2.4 million | New York, NY |
| 6 | The Thomas P and Cynthia D Sculco Foundation | 501(c)(3) | $3.2 million | New York, NY |
| 7 | Child Relief International Foundation | 501(c)(3) | $2.9 million | New York, NY |
| 8 | S. Mark Taper Foundation | 501(c)(3) | $6.0 million | Los Angeles, CA |
| 9 | The Heinz Endownment | 501(c)(3) | $11 million | Pittsburgh, PA |
| 10 | Charles Lee Powell Foundation | 501(c)(3) | $4.1 million | La Jolla, CA |
| 11 | Keren Keshet-The Rainbow Foundation | 501(c)(3) | $5.1 million | New York, NY |
| 12 | The William Louis-Dreyfus Foundation | 501(c)(3) | $4.7 million | Mount Kisco, NY |
| 13 | Van Beuren Charitable Foundation (vBCF) | 501(c)(3) | $24 million | New York, NY |
| 14 | The Freeman Foundation | 501(c)(3) | $31 million | New York, NY |
| 15 | Noblelight Foundation | 501(c)(3) | $6.2 million | Sherman Oaks, CA |
| 16 | Iowa West Foundation | 501(c)(3) | $39 million | Council BLFS, IA |
| 17 | Lucius N Littauer Foundation | 501(c)(3) | $3.7 million | New York, NY |
| 18 | Fund for Life Foundation | 501(c)(3) | $3.1 million | Brooklyn, NY |
| 19 | Bright Trust Fbo Knox College | 501(c)(3) | $4.3 million | New York, NY |
| 20 | Robert Lehman Foundation | 501(c)(3) | $2.9 million | New York, NY |
| 21 | Foundation for Child Development | 501(c)(3) | $14 million | New York, NY |
| 22 | Achelis and Bodman Foundation | 501(c)(3) | $9.0 million | New York, NY |
| 23 | Robinson-Broadhurst Foundation | 501(c)(3) | $5.9 million | Stamford, NY |
| 24 | Adikes Fam Foundation | 501(c)(3) | $2.3 million | Garden City, NY |
| 25 | Robert Sterling Clark Foundation | 501(c)(3) | $4.3 million | New York, NY |