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Nonprofiteer
← ESSEX FOUNDATION INC

Form 990 for tax year 2023

Filed by ESSEX FOUNDATION INC.

Totals

Total revenue
$348,766
Total expenses
$42,901
Contributions and grants received
$18,791
Grants paid
$15,349
Program service revenue
$0
Investment income
$329,975
Other revenue
$0
Total assets, end of year
$2,236,227
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,236,227
Program services expenses (Part IX)
$32,544
Management and general expenses
$8,169
Fundraising expenses
$2,188
Program service expenses (Part III)
$32,544

Program services were 75.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $18,791

  • 3 · Investment income

    total $65,480 · excluded $65,480

  • 7a · Gross sales of assets other than inventory

    securities $15,901 · other assets $351,000

  • 7b · Less cost or other basis and sales expenses

    securities $19,796 · other assets $82,610

  • 7c · Gain or loss

    securities -$3,895 · other assets $268,390

  • 7d · Net gain or loss

    total $264,495 · related or exempt $268,390 · excluded -$3,895

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,349 · program services $12,349

  • 2 · Grants to domestic individuals

    total $3,000 · program services $3,000

  • 11c · Fees: accounting

    total $1,900 · management and general $1,900

  • 12 · Advertising and promotion

    total $5,633 · management and general $5,633

  • 13 · Office expenses

    total $2,188 · fundraising $2,188

  • 22 · Depreciation, depletion and amortization

    total $450 · program services $450

  • 23 · Insurance

    total $636 · management and general $636

  • 24a · Other expenses: OUTSIDE CONTRACT SERVICES

    total $15,943 · program services $15,943

  • 24b · Other expenses: OTHER EXPENSES

    total $642 · program services $642

  • 24c · Other expenses: BUSINESS REGISTRATION FEE

    total $160 · program services $160

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $30,958 · end of year $17,290

  • 10a · Land, buildings and equipment: cost or other basis

    $30,971

  • 10c · Land, buildings and equipment, net

    beginning of year $109,021 · end of year $30,971

  • 11 · Investments: publicly traded securities

    beginning of year $1,539,116 · end of year $2,187,966

  • 27 · Net assets without donor restrictions

    beginning of year $998,117 · end of year $1,555,249

  • 28 · Net assets with donor restrictions

    beginning of year $680,978 · end of year $680,978

Mission and programs · 2023

Mission

TO RECEIVE AND ADMINISTER FUNDS OR OTHER PROPERTY TO HELP MEET THE MEDICAL, EDUCATIONAL, SOCIAL WELFARE AND CULTURAL NEEDS OF THE CITIZENS OF ESSEX DIRECTLY AND BY AIDING AND ASSISTING INSTITUTIONS ORGANIZED AND OPERATED TO FULFILL SUCH NEEDS.

  • TO RECEIVE AND ADMINISTER FUNDS OR OTHER PROPERTY TO HELP MEET THE MEDICAL, EDUCATIONAL, SOCIAL WELFARE AND CULTURAL NEEDS OF THE CITIZENS OF ESSEX DIRECTLY AND BY AIDING AND ASSISTING INSTITUTIONS ORGANIZED AND OPERATED TO FULFILL SUCH NEEDS.

    Expenses $32,544 · Grants $15,349

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Strickland Hyde

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Clark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Herbert T Clark III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Judy Bombaci

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Harger

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jay Tonks

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Bruce Glowac

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
3 December 2024
IRS schema version
2023v5.0
Source object
202443389349300004

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